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Paper eres2007_365:
Do Current Yields Represent Fair Value?

id eres2007_365
authors Gardner, Alan
year 2007
title Do Current Yields Represent Fair Value?
source 14th Annual European Real Estate Society Conference in London, UK
summary This paper assesses the current level of yields across the UK property sectors. It discusses some of the macroeconomic issues that have impacted on yield pricing in recent years and assesses future economic prospects. It highlights some of the dynamics to be considered when pricing or forecasting yields in today’s market. Utilising the basic dividend growth model approach, it analyses the growth in actual rent passing, as opposed to estimated rental value growth, to suggest whether certain property types may be mis-priced at the present time. It also extends this analysis to the current pricing of property company shares.
series ERES:conference
discussion No discussions. Post discussion ...
ratings Ratings: 3
session Session I1: Modelling Yields
last changed 2009/11/19 09:01
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