Measures of Variability in the Application of Cyclical Capitalization (Normal Form) to London Office Market

Maurizio d’Amato (), Asma Salman and Giampiero Sirleo
Additional contact information
Maurizio d’Amato: Technical University Politecnico di Bari
Giampiero Sirleo: University San Raffaele

Chapter Chapter 15 in Property Valuation and Market Cycle, 2022, pp 227-241 from Springer

Abstract: Abstract The introduction of the definition of cyclical assets in the International Valuation Standards (IVSC, 2017, 2020) requires a specific attention while valuing commercial properties with direct capitalization or discounted cash flow analysis. Following the introduction of cyclical capitalization model (d’Amato, Int J Strategic Property Manag 19(3):207–219, 2015) provides a possible solution for the problem of the integration of property market cycle inside the valuation process. In this vein the contribution explores the relationship between inputs and output in the cyclical yield capitalization modelling defining a relationship between variability of market trend and variability of the opinion of value. Evidence confirms the stability of the opinion of value provided by this kind of method.

Keywords: Cyclical yield capitalization; Variability; Property market value (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-3-031-09450-7_15

Ordering information: This item can be ordered from
http://www.springer.com/9783031094507

DOI: 10.1007/978-3-031-09450-7_15

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().