Discount Cash Flow Analysis. Do We Need Valuation Guidelines?

Maurizio d'Amato () and Feliciano Carabellese

ERES from European Real Estate Society (ERES)

Abstract: Discount Cash Flow Analysis can be defined a well accepted real estate valuation methodology both by academicians and by professionals. Unfortunately behind this common term there are several differences both in terminology and in methodological application. This paper tries to compare a British Approach with a US approach to DCF (Achour Fisher,1999). Furthermore inside each approach the inputs may vary in a significant way. This variability affects the final result of valuation creating among the other problems of confirmation bias . For this reason a valuation guideline on DCF application may be helpful in order to rule out the differences in the application of the method. A further issue may be a harmonization between the two approaches in a globalized real estate market.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2004-06-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://eres.architexturez.net/doc/oai-eres-id-eres2004-118 (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:arz:wpaper:eres2004_118

Access Statistics for this paper

More papers in ERES from European Real Estate Society (ERES) Contact information at EDIRC.
Bibliographic data for series maintained by Architexturez Imprints ().