Eres : Digital Library : Works

Paper eres2004_205:
Assessment of location and building quality for office real estate for investors point of view

id eres2004_205
authors Schelkle, Hans Peter
year 2004
title Assessment of location and building quality for office real estate for investors point of view
source 11th European Real Estate Society Conference (2-5 June 2004) Milano, Italy
summary Real estate investment decisions are essentially based on calculations of profitability, whereas the payments caused by the property are appraised. In addition to the market situation the quality of the location and the building has in particular a strong influence on the payments. There is an existing number of problems because of the fact, that quality could not directly be measured and that quality also has only an indirect influence on the payments. Due to the complexity and the dissimilitude of real estate, suitable quality characteristics have to be determined and a measuring system, that enables an objective and traceable assessment of quality has to be used. Divers targets of owners and users of office buildings result in miscellaneous requirements with the consequence of different assessment and weighting factors. A consistent assessment of quality does a priori not exist. The aim of the paper is, to examine and to compare available systems and lists of questions to the assessment of location and building quality for office real estate. The paper points out, which systems and lists of questions are most suitable for the investors view.
keywords Valuation; Real estate investment and finance; Real estate development; Quality Assessment
series ERES:conference
email hp.schelkle@ibl.uni-stuttgart.de
discussion No discussions. Post discussion ...
ratings
session Office Buildings
last changed 2008/12/21 10:41
HOMELOGIN (you are user _anon_970851 from group guest) Powered by SciX Open Publishing Services 1.002