Property Valuation and Market Cycle

This book challenges traditional property valuation methods and proposes modifications to the income approach methodologies, including cyclical capitalization and the hedonic price method, to address the need for amendments to current s property valuation standards and institutional regulations. It is a comprehensive resource for researchers and upper-level students studying economic volatility.

Format: Hardback
Length: 298 pages
Publication date: 29 September 2022
Publisher: Springer International Publishing AG

This book delves into the intricate relationship between the property market cycle and real estate valuation, challenging the conventional approaches that rely solely on current market conditions and economic trends. It advocates for a fresh perspective on the valuation of properties, emphasizing the significance of understanding the cyclical nature of property markets. The book is structured into two distinct parts. The first part serves as a comprehensive repository of research on property market cycle analysis, encompassing topics such as the development of real estate market indices, the mitigation of appraisal bias, and the utilization of time series data in plotting market cycles. The second part presents a series of potential modifications to traditional income approach methodologies, including cyclical capitalization and the hedonic price method. Furthermore, this part addresses the urgent need for amendments to current property valuation standards and institutional regulations. Authored by a diverse group of expert voices from across the globe, this book serves as an invaluable resource for researchers and upper-level students engaged in the study of economic volatility and property valuation.

Weight: 682g
Dimension: 235 x 155 (mm)
ISBN-13: 9783031094491
Edition number: 1st ed. 2022