Purpose – Property valuers are often asked to allocate portions of the market value of a property to parts of the … subject property. This paper aims to illustrate that the market value of a property cannot be divided into a market value for … for property analysis. Some suggestions are made concerning tools that might replace apportionment in property analysis …

Purpose – The purpose of this paper is to examine individual level property returns to see whether there is evidence of … larger database covering all UK commercial property data available in the Investment Property Databank (IPD) for the years … 1981 to 2002 – as many as 216,758 individual property returns. Findings – While the results of this study mimic the US and …

. Design/methodology/approach – A four stage approach to property valuation is proposed that can be particularly useful if … property rating approaches. Transforming risk into risk premia for calculating the yield on a risk free basis by partially … – The empirical part shows that due to data limitations determining idiosyncratic risk premia for property assets is not yet …

derivatives investment property portfolio management. The limitations and problems of direct investment in commercial property are … derivatives to mitigate many of the problems associated with direct property investment is examined.  …

investments. Such vehicles will have low to moderate gearing levels, hold quality property assets in their portfolio, limited off … opportunities for new investment products that provide partial exposure to direct property investment as a way to mitigate excessive …

Purpose – The purpose of this paper is to investigate the risk appetite in Hong Kong real estate and property security … property security markets. Findings – The empirical results show that the risk appetite for the real estate market started to … contrast, those for the property security index were stabilizing in that period. This implies that investors' risk attitude to …