AbstractTheintroductionofthedefinitionofcyclicalassetsintheInternationalValuationStandards(IVSC,2017,2020)requiresaspecificattentionwhilevaluingcommercialpropertieswithdirectcapitalizationordiscountedcashflowanalysis.Followingtheintroductionofcyclicalcapitalizationmodel(d’Amato,IntJStrategicPropertyManag19(3):207–219,2015)providesapossiblesolutionfortheproblemoftheintegrationofpropertymarketcycleinsidethevaluationprocess.Inthisveinthecontributionexplorestherelationshipbetweeninputsandoutputinthecyclicalyieldcapitalizationmodellingdefiningarelationshipbetweenvariabilityofmarkettrendandvariabilityoftheopinionofvalue.Evidenceconfirmsthestabilityoftheopinionofvalueprovidedbythiskindofmethod.
Measures of variability in the application of cyclical capitalization (normal form) to London office market / D'Amato, Maurizio; Silieri, Giampiero; Salman, Asma - In: Property Valuation and Market Cycle / [a cura di] M d'Amato Y Coskun. - ELETTRONICO. - Germania : Springer, 2022. - ISBN 978-3-031-09449-1. - pp. 227-241 [10.1007/978-3-031-09450-7_15]
Measures of variability in the application of cyclical capitalization (normal form) to London office market
Maurizio d'Amato
;
2022-01-01
Abstract
AbstractTheintroductionofthedefinitionofcyclicalassetsintheInternationalValuationStandards(IVSC,2017,2020)requiresaspecificattentionwhilevaluingcommercialpropertieswithdirectcapitalizationordiscountedcashflowanalysis.Followingtheintroductionofcyclicalcapitalizationmodel(d’Amato,IntJStrategicPropertyManag19(3):207–219,2015)providesapossiblesolutionfortheproblemoftheintegrationofpropertymarketcycleinsidethevaluationprocess.Inthisveinthecontributionexplorestherelationshipbetweeninputsandoutputinthecyclicalyieldcapitalizationmodellingdefiningarelationshipbetweenvariabilityofmarkettrendandvariabilityoftheopinionofvalue.Evidenceconfirmsthestabilityoftheopinionofvalueprovidedbythiskindofmethod.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
