TY  - JOUR
AB  - Starts from the basic principles of property investment and shows
that the initial yield conceals estimates of a risk premium, expected
income growth and expected depreciation. Suggests that an explicit
valuation procedure which can be used at any level ranging from a single
property to the aggregate market may be constructed. Concludes that the
surveying profession is under threat from those able to meet the growing
demand for such explicit analyses.
VL  - 10
IS  - 4
SN  - 0960-2712
DO  - 10.1108/14635789210031334
UR  - https://doi.org/10.1108/14635789210031334
AU  - Baum Andrew E.
AU  - MacGregor Bryan D.
PY  - 1992
Y1  - 1992/01/01
TI  - The Initial Yield Revealed: Explicit Valuations and the
Future of Property Investment
T2  - Journal of Property Valuation and Investment
PB  - MCB UP Ltd
SP  - 709
EP  - 726
Y2  - 2024/04/19
ER  -