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Paper eres2004_141:
Principles of the income and DCF approach

id eres2004_141
authors Greppi, Lorenzo
year 2004
title Principles of the income and DCF approach
source 11th European Real Estate Society Conference (2-5 June 2004) Milano, Italy
summary The fundamental purpose of independent real estate valuation is to seek the market value, as being the most probable selling price, by direct or indirect comparison with buildings existing in the market. This approach is widely adopted in professional theory and practice and underpins the understanding and development of the procedures based on direct comparison and on analysis of revenue capitalisation (DCF and income approach). By indirect comparison the analysis of the revenue capitalisation leads to a market value estimate, which takes into account the asset’s profitability compared with that not only of similar assets, but also of different kinds of business which represent investment alternatives. In other words it is possible – as well as interesting in terms of the economy and of estimations – to broaden the scope of a survey from the real estate market alone, as in the direct procedure, to the wider market of alternative investments.
series ERES:conference
discussion No discussions. Post discussion ...
ratings
session Mass Appraisal and Quantitative Analysis
last changed 2008/12/21 10:41
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