Examines the valuation of property investments let at rents in excess of their estimated rental values. Summarises the conventional and contemporary approaches to market valuation. Exposes the limitations of the models via an examination of some actual valuations taken from the UK property market. Concludes that future rental growth prospects must be dealt with explicitly in these valuations.
Crosby, N. and Goodchild, R. (1993), "Revisionary Freeholds: Problems with Over‐renting", Journal of Property Valuation and Investment, Vol. 11 No. 1, pp. 67-81. https://doi.org/10.1108/14635789310031432
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