Journal of Property Investment & Finance: Volume 18 Issue 1


Table of contents

Uncertainty in property valuation – The nature and relevance of uncertainty and how it might be measured and reported

Michael Mallinson, Nick French

There will always be a degree of uncertainty in any valuation, but it should be incumbent upon the valuer to report “abnormal uncertainty”. This arises when some particular…


The calculation of investment worth – Issues of market efficiency, variable estimation and risk analysis

Norman Hutchison, Nanda Nanthakumaran

The Mallinson Report, published in 1994, emphasised the need for valuers to develop expertise for the purpose of estimating the worth of property investments. Implicit in attempts…


The assessment of worth: the need for standards

David Mackmin, Richard Emary

Buy/sell decisions in the property market, as in most markets, are based on individual or professional opinions that the exchange price is below or above the individual’s opinion…


Bank lending valuations on commercial property – Does European mortgage lending value add anything to the process?

Neil Crosby, Nick French, Melanie Oughton

This paper reviews a number of alternative bases of valuation which can be applied for lending purposes. In early 1999, the European Mortgage Federation suggested that the…


Concepts of price, value and worth in the United Kingdom – Towards a European perspective

Clare McParland, Stanley McGreal, Alastair Adair

In recent years there has been a growing debate on price, value and worth, particularly in the UK, but increasingly taking on a European perspective as a result of the Single…


Corporate reliance on bank loans: an empirical analysis of UK property companies

Joseph Ooi

The focus of this research paper is on the debt ownership choice of UK property companies. The data show that bank borrowings constitute more than half of the total outstanding…

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  • Nick French