Introduction

Philip Bowcock

A chapter in Property Valuation Tables, 1978, pp 1-14 from Palgrave Macmillan

Abstract: Abstract Possibly the one certain fact about valuation is that the future is uncertain and assumptions made at the time of valuation about future trends are most unlikely to materialise exactly as envisaged. Nevertheless some consideration of the future is inherent in any valuation, and in accepted valuation theory compound interest is invariably used as a basis for finding the present equivalent of future value. This can only be an approximation to the state of affairs existing in any particular case, but approximation will obviously be improved where the mathematical model corresponds as closely as possible with the facts of life.

Keywords: Nominal Rate; Capitalisation Rate; Discount Cash Flow; Single Premium; Dual Rate (search for similar items in EconPapers)
Date: 1978
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DOI: 10.1007/978-1-349-15926-0_1

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