Scenario Analysis In The Calculation Of Investment Efficiency–The Problem Of Formulating Assumptions

Dittmann Iwona ()
Additional contact information
Dittmann Iwona: Faculty of Finance, University of Economics in Wrocław

Real Estate Management and Valuation, 2015, vol. 23, issue 3, 54-64

Abstract: This article concerns the problem of formulating assumptions in scenario analysis for investments which consist of the renting out of an apartment. The article attempts to indicate the foundations for the formulation of assumptions on the basis of observed retrospective regularities. It includes theoretical considerations regarding scenario design, as well as the results of studies on the formulation, in the past, of quantities which determined or were likely to bring closer estimate the value of the individual explanatory variables for a chosen measure of investment profitability (MIRRFCFE). The dynamics of and correlation between the variables were studied. The research was based on quarterly data from local residential real estate markets in Poland (in the six largest cities) in the years 2006 – 2014, as well as on data from the financial market.

Keywords: real estate market; investment efficiency; scenario analysis (search for similar items in EconPapers)
JEL-codes: G11 G17 R3 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/remav-2015-0025 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:remava:v:23:y:2015:i:3:p:54-64:n:6

DOI: 10.1515/remav-2015-0025

Access Statistics for this article

Real Estate Management and Valuation is currently edited by Sabina Zrobek

More articles in Real Estate Management and Valuation from Sciendo
Bibliographic data for series maintained by Peter Golla ().