Journal of Property Valuation and Investment: Volume 11 Issue 3


Table of contents

Hotel Valuations: the Income Capitalisation Approach

Elizabeth S. Menorca

Discusses hotel valuations based on a ten‐year forecast of incomeand expense and a discounted cash flow analysis allowing a valuer tofactor in a recovery in demand. Argues…

How should pubs be valued?

B.J. Gillham

Reviews past and current methods of valuation, analyses rentalgrowth and explains the thinking behind bids made by players in thisdeveloping market. Provides sample…

Timeshare in South Africa: Evolution, Failure and Reform

P.G. du Plessis

Presents an overview of the timeshare industry in South Africa.Gives special attention to the reasons why the industry continues togrow, despite major failures. Emphasis…

Investment Skill and Portfolio Management

Gerald R. Brown

Assumes that the education of valuers is generally directed towardsproducing professionally qualified personnel who are able to value awide variety of properties by using…

Sensitivity Analysis for Property Appraisal

Smyly Bannerman

Discusses the methods of sensitivity analysis in use generally andby the property appraisal profession. Proposes a simplified structuredand systematic technique of…

Mapping a European Property Investment Strategy

Fiona M. Sweeney

Puts forward the case for European property in a multi‐assetportfolio. Presents a quantitative approach for the construction of aEuro‐property portfolio. Concludes that…



Renamed from:

Journal of Valuation

Online date, start – end:

1991 – 1998

Copyright Holder:

Emerald Publishing Limited