Journal of Valuation · 1986 · 69 citations · 5 references
BusinessBusiness EconomicsEconomicsPerformance MeasurementReal Estate EconomicsReal Estate ValuationAsset MeasurementAsset ValuationProperty ValuationReal Estate ReturnReturn AnalysisValuation PrinciplesAsset Performance EvaluationDirect Property InvestmentProperty Investment AnalysisProperty Investment AppraisalProperty Market ValuationProperty Performance AnalysisProperty Performance EvaluationValuation Of Income-producing Property
Understanding the process by which valuations are derived and interpreting that information within the context of performance measurement are two areas which are likely to receive greater attention. They are essentially problems of economics. However, our knowledge of these areas is unlikely to improve unless greater emphasis is placed on empirical research. This paper draws together some well established economic principles with some empirical analysis in an attempt to supply a more meaningful interpretation of property performance.
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