Property Valuation and Market Cycle:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cham
Springer International Publishing AG
2022
|
| Ausgabe: | 1st ed |
| Schlagworte: | |
| Online-Zugang: | HWR01 |
| Beschreibung: | Description based on publisher supplied metadata and other sources |
| Beschreibung: | 1 Online-Ressource (326 Seiten) |
| ISBN: | 9783031094507 |
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| 505 | 8 | |a Intro -- Foreword: Cycles, Property, and Valuation-Interdependent and Mutually Impactful -- Core Economic Concepts Matter -- Cycles Are Pervasive and Ubiquitous -- Cyclical or Transformational? -- Real Estate Cycles Decline and Renaissance -- Appraisers Treat Both Highest and Best Use and Market Cycles with Benign Neglect -- Cycles Applications Lag Cycles Insights -- Behavioral Factors Loom Large -- Advancing Market Cycles Insights to Inform Valuation -- References -- Contents -- Contributors -- List of Figures -- List of Tables -- Acronyms -- Chapter 1: Introduction -- Cyclicality, Asymmetric Information, and Real Estate Appraisal -- The Content of the Book -- Thanks -- References -- Part I: Inside Property Market Cycle -- Chapter 2: Property Market Cycle -- References -- Chapter 3: On the Essence of Property Cycles -- Introduction -- Property Cycles - Economic Cycles -- The Duration of the Cycle -- The Art of Forecasting and the Benefits Thereof -- Institutional Aspects Therein -- Real Estate: Partly Local and Partly Global Territory -- Valuation and Value -- Conclusions -- References -- Chapter 4: Addressing Cyclicality Through International Financial Standards -- Introduction -- Literature Review -- International Financial Reporting, Accounting and Valuation Standards Framework -- Market Cyclicality and Global Contagion -- Valuation Process: Instructing, Undertaking and Reporting the Valuation -- Valuations for Financial Statements -- Valuations for Secured Lending -- Valuation Lag -- Valuation Frequency and Valuer Rotation -- Role of Ethical Conduct -- Policy Responses -- Summary and Conclusions -- References -- Chapter 5: Dealing with Cyclical Assets -- Introduction -- Property Market Cycle: Literature Review -- Direct Capitalization, Terminal Value and Property Market Cycle -- Conclusions -- References | |
| 505 | 8 | |a Chapter 6: The Logic of a Cyclical Adjustment on Valuation: Some Reflexions -- Property Valuation and Market Cycle -- References -- Chapter 7: Property Market Cycle, Commercial Properties and Mortgage Lending Value -- Introduction -- Mortgage Lending Value and Property Market Cycle -- Basis of Value -- A Different Approach to Mortgage Lending Value -- A Possible Solution: Cyclical Capitalization (Normal and Strong Form) -- An Application -- Conclusion -- References -- Chapter 8: The Effect of Heuristics and Biases on Real Estate Valuation and Cyclicality -- Introduction -- The Nature of Valuation: Uncertainty and Risk -- Heuristics, Biases, and Property Valuation Cyclicality -- Concluding Remarks -- References -- Chapter 9: Standardized Valuation of Real Estate Reflecting Cyclical Economic Development: Experience of the Last Two Decades -- Ownership Reform as an Engine -- Real Estate Valuation System -- Economic Cycle and Real Estate Valuation -- Conclusions -- References -- Part II: Problems and Solutions -- Chapter 10: Thinking Out the Box -- References -- Chapter 11: Regulatory Responses to Property Cycles -- Introduction -- Cycles in the UK Property Market -- The Property Market Crash of 1974 and Its Aftermath -- The 1980s Crashes and the Liberalisation of Standards -- The 2008 Financial Crisis and Its Aftermath -- Why Improved Regulation to Curb Cyclical Activity Is So Problematic -- Conclusions -- References -- Chapter 12: Property Valuation in Uncertain and Cyclical Market Condition -- Introduction -- Property Market Cycles, Uncertainty, and Cyclical Valuation -- Uncertainty, Cycles, and Valuation Problems in Traditional Methods -- Cyclical Valuation Concept -- Uncertainty, Volatility, Cyclicality, and International Valuation Standards -- Conclusion -- References -- Chapter 13: Property Market Cycle and Valuation: A Geometrical Approach | |
| 505 | 8 | |a Introduction -- Geometrical Approach: Direct Capitalization and d-Segment -- The d-Segment -- Geometrical Approach: Valuation and Market Cycle -- Conclusions and Future Directions of Research -- References -- Chapter 14: The Transactional Asset Pricing Approach: Property Valuation Implications and a Potential for Fundamental Value Re... -- The TAPA Principle of Transactional Equity-in-Exchange and the Notion of Investment Benchmark -- TAPA Discount Rate Theory with Single- and Multi-period Formulations -- Single-Period Single-Asset Benchmark Situation -- Multi-period Multi-asset Benchmark Situation -- TAPA DCF: Derivation of TAPA's Basic Pricing Equation (BPE) and Its Reductions to Some Conventional Income Capitalization Form... -- A Gordon Formula Version Resulting from TAPA: Making the Case for Its Use in Property Valuation -- TAPA-Based Derivations of Other Income Capitalization Models -- An Example of Property Valuation Under TAPA's Basic Pricing Equation -- Fundamental Value Properties of TAPA's BPE as Suggested by a Portfolio-Level Analysis -- Accounting for Market Cyclicality and Exogenous Market Shocks in the TAPA's Framework: A Study of Mathcad Model for TAPA -- Concluding Remarks -- References -- Chapter 15: Measures of Variability in the Application of Cyclical Capitalization (Normal Form) to London Office Market -- Introduction -- Income Capitalization and Cyclical Capitalization -- Variability Measures and Cyclical Capitalization Application -- Final Remarks and Future Directions of Research -- References -- Chapter 16: Housing Valuation and the Business Cycle: The Hedonic House Price Index Approach -- Introduction -- Business Cycle Effects of House Prices: The Scholarly View -- Business Cycle Effects of House Prices: The Practitioner's View -- Modelling Business Cycle Effects Using Hedonic Price Method | |
| 505 | 8 | |a An Application of a Simple Hedonic Model (Herath, 2013) -- Conclusion -- References -- Chapter 17: Property Valuation, Transaction Prices and Market Activity -- Introduction -- Property Valuation and Transaction Prices in Conventional Theory -- The Ontology and Methodology of Conventional Valuation Theory -- Property Valuation and Transaction Prices in Conventional Theory -- A Critique of Conventional Theory -- The Alternative Framework: Ontological and Methodological Foundations -- A Stratified Ontology -- Methodological Holism -- Bounded Rationality and Social Order -- Property Valuation, Transaction Prices and Property Cycles: An Alternative Framework -- Explaining Price Bubbles in Property Markets -- Concluding Summary -- References -- Chapter 18: Methodological Integration Between Property Market Cycle and Valuation Process: Extended Cyclical Capitalization M... -- Introduction -- Growth Rate -- Extended Cyclical Capitalization Models -- Final Remarks and Future Directions of Research -- Appendices -- Appendix 1: Cyclical Capitalization Basis -- Appendix 2: Extended Models of Cyclical Capitalization -- References -- Part III: Conclusion -- Chapter 19: Property Market Cycle and ValuationFilling the Gap -- What We Learned -- What We Need to Learn -- Future Directions of Research -- References | |
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Datensatz im Suchindex
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|---|---|
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| author | d'Amato, Maurizio |
| author_facet | d'Amato, Maurizio |
| author_role | aut |
| author_sort | d'Amato, Maurizio |
| author_variant | m d md |
| building | Verbundindex |
| bvnumber | BV049408645 |
| classification_rvk | QT 360 |
| collection | ZDB-30-PQE |
| contents | Intro -- Foreword: Cycles, Property, and Valuation-Interdependent and Mutually Impactful -- Core Economic Concepts Matter -- Cycles Are Pervasive and Ubiquitous -- Cyclical or Transformational? -- Real Estate Cycles Decline and Renaissance -- Appraisers Treat Both Highest and Best Use and Market Cycles with Benign Neglect -- Cycles Applications Lag Cycles Insights -- Behavioral Factors Loom Large -- Advancing Market Cycles Insights to Inform Valuation -- References -- Contents -- Contributors -- List of Figures -- List of Tables -- Acronyms -- Chapter 1: Introduction -- Cyclicality, Asymmetric Information, and Real Estate Appraisal -- The Content of the Book -- Thanks -- References -- Part I: Inside Property Market Cycle -- Chapter 2: Property Market Cycle -- References -- Chapter 3: On the Essence of Property Cycles -- Introduction -- Property Cycles - Economic Cycles -- The Duration of the Cycle -- The Art of Forecasting and the Benefits Thereof -- Institutional Aspects Therein -- Real Estate: Partly Local and Partly Global Territory -- Valuation and Value -- Conclusions -- References -- Chapter 4: Addressing Cyclicality Through International Financial Standards -- Introduction -- Literature Review -- International Financial Reporting, Accounting and Valuation Standards Framework -- Market Cyclicality and Global Contagion -- Valuation Process: Instructing, Undertaking and Reporting the Valuation -- Valuations for Financial Statements -- Valuations for Secured Lending -- Valuation Lag -- Valuation Frequency and Valuer Rotation -- Role of Ethical Conduct -- Policy Responses -- Summary and Conclusions -- References -- Chapter 5: Dealing with Cyclical Assets -- Introduction -- Property Market Cycle: Literature Review -- Direct Capitalization, Terminal Value and Property Market Cycle -- Conclusions -- References Chapter 6: The Logic of a Cyclical Adjustment on Valuation: Some Reflexions -- Property Valuation and Market Cycle -- References -- Chapter 7: Property Market Cycle, Commercial Properties and Mortgage Lending Value -- Introduction -- Mortgage Lending Value and Property Market Cycle -- Basis of Value -- A Different Approach to Mortgage Lending Value -- A Possible Solution: Cyclical Capitalization (Normal and Strong Form) -- An Application -- Conclusion -- References -- Chapter 8: The Effect of Heuristics and Biases on Real Estate Valuation and Cyclicality -- Introduction -- The Nature of Valuation: Uncertainty and Risk -- Heuristics, Biases, and Property Valuation Cyclicality -- Concluding Remarks -- References -- Chapter 9: Standardized Valuation of Real Estate Reflecting Cyclical Economic Development: Experience of the Last Two Decades -- Ownership Reform as an Engine -- Real Estate Valuation System -- Economic Cycle and Real Estate Valuation -- Conclusions -- References -- Part II: Problems and Solutions -- Chapter 10: Thinking Out the Box -- References -- Chapter 11: Regulatory Responses to Property Cycles -- Introduction -- Cycles in the UK Property Market -- The Property Market Crash of 1974 and Its Aftermath -- The 1980s Crashes and the Liberalisation of Standards -- The 2008 Financial Crisis and Its Aftermath -- Why Improved Regulation to Curb Cyclical Activity Is So Problematic -- Conclusions -- References -- Chapter 12: Property Valuation in Uncertain and Cyclical Market Condition -- Introduction -- Property Market Cycles, Uncertainty, and Cyclical Valuation -- Uncertainty, Cycles, and Valuation Problems in Traditional Methods -- Cyclical Valuation Concept -- Uncertainty, Volatility, Cyclicality, and International Valuation Standards -- Conclusion -- References -- Chapter 13: Property Market Cycle and Valuation: A Geometrical Approach Introduction -- Geometrical Approach: Direct Capitalization and d-Segment -- The d-Segment -- Geometrical Approach: Valuation and Market Cycle -- Conclusions and Future Directions of Research -- References -- Chapter 14: The Transactional Asset Pricing Approach: Property Valuation Implications and a Potential for Fundamental Value Re... -- The TAPA Principle of Transactional Equity-in-Exchange and the Notion of Investment Benchmark -- TAPA Discount Rate Theory with Single- and Multi-period Formulations -- Single-Period Single-Asset Benchmark Situation -- Multi-period Multi-asset Benchmark Situation -- TAPA DCF: Derivation of TAPA's Basic Pricing Equation (BPE) and Its Reductions to Some Conventional Income Capitalization Form... -- A Gordon Formula Version Resulting from TAPA: Making the Case for Its Use in Property Valuation -- TAPA-Based Derivations of Other Income Capitalization Models -- An Example of Property Valuation Under TAPA's Basic Pricing Equation -- Fundamental Value Properties of TAPA's BPE as Suggested by a Portfolio-Level Analysis -- Accounting for Market Cyclicality and Exogenous Market Shocks in the TAPA's Framework: A Study of Mathcad Model for TAPA -- Concluding Remarks -- References -- Chapter 15: Measures of Variability in the Application of Cyclical Capitalization (Normal Form) to London Office Market -- Introduction -- Income Capitalization and Cyclical Capitalization -- Variability Measures and Cyclical Capitalization Application -- Final Remarks and Future Directions of Research -- References -- Chapter 16: Housing Valuation and the Business Cycle: The Hedonic House Price Index Approach -- Introduction -- Business Cycle Effects of House Prices: The Scholarly View -- Business Cycle Effects of House Prices: The Practitioner's View -- Modelling Business Cycle Effects Using Hedonic Price Method An Application of a Simple Hedonic Model (Herath, 2013) -- Conclusion -- References -- Chapter 17: Property Valuation, Transaction Prices and Market Activity -- Introduction -- Property Valuation and Transaction Prices in Conventional Theory -- The Ontology and Methodology of Conventional Valuation Theory -- Property Valuation and Transaction Prices in Conventional Theory -- A Critique of Conventional Theory -- The Alternative Framework: Ontological and Methodological Foundations -- A Stratified Ontology -- Methodological Holism -- Bounded Rationality and Social Order -- Property Valuation, Transaction Prices and Property Cycles: An Alternative Framework -- Explaining Price Bubbles in Property Markets -- Concluding Summary -- References -- Chapter 18: Methodological Integration Between Property Market Cycle and Valuation Process: Extended Cyclical Capitalization M... -- Introduction -- Growth Rate -- Extended Cyclical Capitalization Models -- Final Remarks and Future Directions of Research -- Appendices -- Appendix 1: Cyclical Capitalization Basis -- Appendix 2: Extended Models of Cyclical Capitalization -- References -- Part III: Conclusion -- Chapter 19: Property Market Cycle and ValuationFilling the Gap -- What We Learned -- What We Need to Learn -- Future Directions of Research -- References |
| ctrlnum | (ZDB-30-PQE)EBC7102195 (ZDB-30-PAD)EBC7102195 (ZDB-89-EBL)EBL7102195 (OCoLC)1348103953 (DE-599)BVBBV049408645 |
| dewey-full | 333.332 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 333 - Economics of land and energy |
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| edition | 1st ed |
| format | Electronic eBook |
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| id | DE-604.BV049408645 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T23:05:37Z |
| indexdate | 2024-07-10T10:06:17Z |
| institution | BVB |
| isbn | 9783031094507 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034735729 |
| oclc_num | 1348103953 |
| open_access_boolean | |
| owner | DE-2070s |
| owner_facet | DE-2070s |
| physical | 1 Online-Ressource (326 Seiten) |
| psigel | ZDB-30-PQE ZDB-30-PQE HWR_PDA_PQE |
| publishDate | 2022 |
| publishDateSearch | 2022 |
| publishDateSort | 2022 |
| publisher | Springer International Publishing AG |
| record_format | marc |
| spelling | d'Amato, Maurizio Verfasser aut Property Valuation and Market Cycle 1st ed Cham Springer International Publishing AG 2022 ©2022 1 Online-Ressource (326 Seiten) txt rdacontent c rdamedia cr rdacarrier Description based on publisher supplied metadata and other sources Intro -- Foreword: Cycles, Property, and Valuation-Interdependent and Mutually Impactful -- Core Economic Concepts Matter -- Cycles Are Pervasive and Ubiquitous -- Cyclical or Transformational? -- Real Estate Cycles Decline and Renaissance -- Appraisers Treat Both Highest and Best Use and Market Cycles with Benign Neglect -- Cycles Applications Lag Cycles Insights -- Behavioral Factors Loom Large -- Advancing Market Cycles Insights to Inform Valuation -- References -- Contents -- Contributors -- List of Figures -- List of Tables -- Acronyms -- Chapter 1: Introduction -- Cyclicality, Asymmetric Information, and Real Estate Appraisal -- The Content of the Book -- Thanks -- References -- Part I: Inside Property Market Cycle -- Chapter 2: Property Market Cycle -- References -- Chapter 3: On the Essence of Property Cycles -- Introduction -- Property Cycles - Economic Cycles -- The Duration of the Cycle -- The Art of Forecasting and the Benefits Thereof -- Institutional Aspects Therein -- Real Estate: Partly Local and Partly Global Territory -- Valuation and Value -- Conclusions -- References -- Chapter 4: Addressing Cyclicality Through International Financial Standards -- Introduction -- Literature Review -- International Financial Reporting, Accounting and Valuation Standards Framework -- Market Cyclicality and Global Contagion -- Valuation Process: Instructing, Undertaking and Reporting the Valuation -- Valuations for Financial Statements -- Valuations for Secured Lending -- Valuation Lag -- Valuation Frequency and Valuer Rotation -- Role of Ethical Conduct -- Policy Responses -- Summary and Conclusions -- References -- Chapter 5: Dealing with Cyclical Assets -- Introduction -- Property Market Cycle: Literature Review -- Direct Capitalization, Terminal Value and Property Market Cycle -- Conclusions -- References Chapter 6: The Logic of a Cyclical Adjustment on Valuation: Some Reflexions -- Property Valuation and Market Cycle -- References -- Chapter 7: Property Market Cycle, Commercial Properties and Mortgage Lending Value -- Introduction -- Mortgage Lending Value and Property Market Cycle -- Basis of Value -- A Different Approach to Mortgage Lending Value -- A Possible Solution: Cyclical Capitalization (Normal and Strong Form) -- An Application -- Conclusion -- References -- Chapter 8: The Effect of Heuristics and Biases on Real Estate Valuation and Cyclicality -- Introduction -- The Nature of Valuation: Uncertainty and Risk -- Heuristics, Biases, and Property Valuation Cyclicality -- Concluding Remarks -- References -- Chapter 9: Standardized Valuation of Real Estate Reflecting Cyclical Economic Development: Experience of the Last Two Decades -- Ownership Reform as an Engine -- Real Estate Valuation System -- Economic Cycle and Real Estate Valuation -- Conclusions -- References -- Part II: Problems and Solutions -- Chapter 10: Thinking Out the Box -- References -- Chapter 11: Regulatory Responses to Property Cycles -- Introduction -- Cycles in the UK Property Market -- The Property Market Crash of 1974 and Its Aftermath -- The 1980s Crashes and the Liberalisation of Standards -- The 2008 Financial Crisis and Its Aftermath -- Why Improved Regulation to Curb Cyclical Activity Is So Problematic -- Conclusions -- References -- Chapter 12: Property Valuation in Uncertain and Cyclical Market Condition -- Introduction -- Property Market Cycles, Uncertainty, and Cyclical Valuation -- Uncertainty, Cycles, and Valuation Problems in Traditional Methods -- Cyclical Valuation Concept -- Uncertainty, Volatility, Cyclicality, and International Valuation Standards -- Conclusion -- References -- Chapter 13: Property Market Cycle and Valuation: A Geometrical Approach Introduction -- Geometrical Approach: Direct Capitalization and d-Segment -- The d-Segment -- Geometrical Approach: Valuation and Market Cycle -- Conclusions and Future Directions of Research -- References -- Chapter 14: The Transactional Asset Pricing Approach: Property Valuation Implications and a Potential for Fundamental Value Re... -- The TAPA Principle of Transactional Equity-in-Exchange and the Notion of Investment Benchmark -- TAPA Discount Rate Theory with Single- and Multi-period Formulations -- Single-Period Single-Asset Benchmark Situation -- Multi-period Multi-asset Benchmark Situation -- TAPA DCF: Derivation of TAPA's Basic Pricing Equation (BPE) and Its Reductions to Some Conventional Income Capitalization Form... -- A Gordon Formula Version Resulting from TAPA: Making the Case for Its Use in Property Valuation -- TAPA-Based Derivations of Other Income Capitalization Models -- An Example of Property Valuation Under TAPA's Basic Pricing Equation -- Fundamental Value Properties of TAPA's BPE as Suggested by a Portfolio-Level Analysis -- Accounting for Market Cyclicality and Exogenous Market Shocks in the TAPA's Framework: A Study of Mathcad Model for TAPA -- Concluding Remarks -- References -- Chapter 15: Measures of Variability in the Application of Cyclical Capitalization (Normal Form) to London Office Market -- Introduction -- Income Capitalization and Cyclical Capitalization -- Variability Measures and Cyclical Capitalization Application -- Final Remarks and Future Directions of Research -- References -- Chapter 16: Housing Valuation and the Business Cycle: The Hedonic House Price Index Approach -- Introduction -- Business Cycle Effects of House Prices: The Scholarly View -- Business Cycle Effects of House Prices: The Practitioner's View -- Modelling Business Cycle Effects Using Hedonic Price Method An Application of a Simple Hedonic Model (Herath, 2013) -- Conclusion -- References -- Chapter 17: Property Valuation, Transaction Prices and Market Activity -- Introduction -- Property Valuation and Transaction Prices in Conventional Theory -- The Ontology and Methodology of Conventional Valuation Theory -- Property Valuation and Transaction Prices in Conventional Theory -- A Critique of Conventional Theory -- The Alternative Framework: Ontological and Methodological Foundations -- A Stratified Ontology -- Methodological Holism -- Bounded Rationality and Social Order -- Property Valuation, Transaction Prices and Property Cycles: An Alternative Framework -- Explaining Price Bubbles in Property Markets -- Concluding Summary -- References -- Chapter 18: Methodological Integration Between Property Market Cycle and Valuation Process: Extended Cyclical Capitalization M... -- Introduction -- Growth Rate -- Extended Cyclical Capitalization Models -- Final Remarks and Future Directions of Research -- Appendices -- Appendix 1: Cyclical Capitalization Basis -- Appendix 2: Extended Models of Cyclical Capitalization -- References -- Part III: Conclusion -- Chapter 19: Property Market Cycle and ValuationFilling the Gap -- What We Learned -- What We Need to Learn -- Future Directions of Research -- References Housing-Prices Coskun, Yener Sonstige oth Erscheint auch als Druck-Ausgabe d'Amato, Maurizio Property Valuation and Market Cycle Cham : Springer International Publishing AG,c2022 9783031094491 |
| spellingShingle | d'Amato, Maurizio Property Valuation and Market Cycle Intro -- Foreword: Cycles, Property, and Valuation-Interdependent and Mutually Impactful -- Core Economic Concepts Matter -- Cycles Are Pervasive and Ubiquitous -- Cyclical or Transformational? -- Real Estate Cycles Decline and Renaissance -- Appraisers Treat Both Highest and Best Use and Market Cycles with Benign Neglect -- Cycles Applications Lag Cycles Insights -- Behavioral Factors Loom Large -- Advancing Market Cycles Insights to Inform Valuation -- References -- Contents -- Contributors -- List of Figures -- List of Tables -- Acronyms -- Chapter 1: Introduction -- Cyclicality, Asymmetric Information, and Real Estate Appraisal -- The Content of the Book -- Thanks -- References -- Part I: Inside Property Market Cycle -- Chapter 2: Property Market Cycle -- References -- Chapter 3: On the Essence of Property Cycles -- Introduction -- Property Cycles - Economic Cycles -- The Duration of the Cycle -- The Art of Forecasting and the Benefits Thereof -- Institutional Aspects Therein -- Real Estate: Partly Local and Partly Global Territory -- Valuation and Value -- Conclusions -- References -- Chapter 4: Addressing Cyclicality Through International Financial Standards -- Introduction -- Literature Review -- International Financial Reporting, Accounting and Valuation Standards Framework -- Market Cyclicality and Global Contagion -- Valuation Process: Instructing, Undertaking and Reporting the Valuation -- Valuations for Financial Statements -- Valuations for Secured Lending -- Valuation Lag -- Valuation Frequency and Valuer Rotation -- Role of Ethical Conduct -- Policy Responses -- Summary and Conclusions -- References -- Chapter 5: Dealing with Cyclical Assets -- Introduction -- Property Market Cycle: Literature Review -- Direct Capitalization, Terminal Value and Property Market Cycle -- Conclusions -- References Chapter 6: The Logic of a Cyclical Adjustment on Valuation: Some Reflexions -- Property Valuation and Market Cycle -- References -- Chapter 7: Property Market Cycle, Commercial Properties and Mortgage Lending Value -- Introduction -- Mortgage Lending Value and Property Market Cycle -- Basis of Value -- A Different Approach to Mortgage Lending Value -- A Possible Solution: Cyclical Capitalization (Normal and Strong Form) -- An Application -- Conclusion -- References -- Chapter 8: The Effect of Heuristics and Biases on Real Estate Valuation and Cyclicality -- Introduction -- The Nature of Valuation: Uncertainty and Risk -- Heuristics, Biases, and Property Valuation Cyclicality -- Concluding Remarks -- References -- Chapter 9: Standardized Valuation of Real Estate Reflecting Cyclical Economic Development: Experience of the Last Two Decades -- Ownership Reform as an Engine -- Real Estate Valuation System -- Economic Cycle and Real Estate Valuation -- Conclusions -- References -- Part II: Problems and Solutions -- Chapter 10: Thinking Out the Box -- References -- Chapter 11: Regulatory Responses to Property Cycles -- Introduction -- Cycles in the UK Property Market -- The Property Market Crash of 1974 and Its Aftermath -- The 1980s Crashes and the Liberalisation of Standards -- The 2008 Financial Crisis and Its Aftermath -- Why Improved Regulation to Curb Cyclical Activity Is So Problematic -- Conclusions -- References -- Chapter 12: Property Valuation in Uncertain and Cyclical Market Condition -- Introduction -- Property Market Cycles, Uncertainty, and Cyclical Valuation -- Uncertainty, Cycles, and Valuation Problems in Traditional Methods -- Cyclical Valuation Concept -- Uncertainty, Volatility, Cyclicality, and International Valuation Standards -- Conclusion -- References -- Chapter 13: Property Market Cycle and Valuation: A Geometrical Approach Introduction -- Geometrical Approach: Direct Capitalization and d-Segment -- The d-Segment -- Geometrical Approach: Valuation and Market Cycle -- Conclusions and Future Directions of Research -- References -- Chapter 14: The Transactional Asset Pricing Approach: Property Valuation Implications and a Potential for Fundamental Value Re... -- The TAPA Principle of Transactional Equity-in-Exchange and the Notion of Investment Benchmark -- TAPA Discount Rate Theory with Single- and Multi-period Formulations -- Single-Period Single-Asset Benchmark Situation -- Multi-period Multi-asset Benchmark Situation -- TAPA DCF: Derivation of TAPA's Basic Pricing Equation (BPE) and Its Reductions to Some Conventional Income Capitalization Form... -- A Gordon Formula Version Resulting from TAPA: Making the Case for Its Use in Property Valuation -- TAPA-Based Derivations of Other Income Capitalization Models -- An Example of Property Valuation Under TAPA's Basic Pricing Equation -- Fundamental Value Properties of TAPA's BPE as Suggested by a Portfolio-Level Analysis -- Accounting for Market Cyclicality and Exogenous Market Shocks in the TAPA's Framework: A Study of Mathcad Model for TAPA -- Concluding Remarks -- References -- Chapter 15: Measures of Variability in the Application of Cyclical Capitalization (Normal Form) to London Office Market -- Introduction -- Income Capitalization and Cyclical Capitalization -- Variability Measures and Cyclical Capitalization Application -- Final Remarks and Future Directions of Research -- References -- Chapter 16: Housing Valuation and the Business Cycle: The Hedonic House Price Index Approach -- Introduction -- Business Cycle Effects of House Prices: The Scholarly View -- Business Cycle Effects of House Prices: The Practitioner's View -- Modelling Business Cycle Effects Using Hedonic Price Method An Application of a Simple Hedonic Model (Herath, 2013) -- Conclusion -- References -- Chapter 17: Property Valuation, Transaction Prices and Market Activity -- Introduction -- Property Valuation and Transaction Prices in Conventional Theory -- The Ontology and Methodology of Conventional Valuation Theory -- Property Valuation and Transaction Prices in Conventional Theory -- A Critique of Conventional Theory -- The Alternative Framework: Ontological and Methodological Foundations -- A Stratified Ontology -- Methodological Holism -- Bounded Rationality and Social Order -- Property Valuation, Transaction Prices and Property Cycles: An Alternative Framework -- Explaining Price Bubbles in Property Markets -- Concluding Summary -- References -- Chapter 18: Methodological Integration Between Property Market Cycle and Valuation Process: Extended Cyclical Capitalization M... -- Introduction -- Growth Rate -- Extended Cyclical Capitalization Models -- Final Remarks and Future Directions of Research -- Appendices -- Appendix 1: Cyclical Capitalization Basis -- Appendix 2: Extended Models of Cyclical Capitalization -- References -- Part III: Conclusion -- Chapter 19: Property Market Cycle and ValuationFilling the Gap -- What We Learned -- What We Need to Learn -- Future Directions of Research -- References Housing-Prices 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| title | Property Valuation and Market Cycle |
| title_auth | Property Valuation and Market Cycle |
| title_exact_search | Property Valuation and Market Cycle |
| title_exact_search_txtP | Property Valuation and Market Cycle |
| title_full | Property Valuation and Market Cycle |
| title_fullStr | Property Valuation and Market Cycle |
| title_full_unstemmed | Property Valuation and Market Cycle |
| title_short | Property Valuation and Market Cycle |
| title_sort | property valuation and market cycle |
| topic | Housing-Prices |
| topic_facet | Housing-Prices |
| work_keys_str_mv | AT damatomaurizio propertyvaluationandmarketcycle AT coskunyener propertyvaluationandmarketcycle |