Journal of Property Investment & Finance: Volume 23 Issue 3


Table of contents

The appraisal of urban regeneration land: A contemporary perspective allowing for uncertainty

Alastair Adair, Norman Hutchison, Jim Burgess, Stephen Roulac

The value of land for development is normally estimated by the use of the comparative method or the residual approach. The aim of the paper is to examine appraisal practice, in…


Real estate portfolio construction and estimation risk

Stephen Lee, Simon Stevenson

The use of modern portfolio theory (MPT) in the construction real estate portfolios has two serious limitations when used in an ex ante framework: the intertemporal instability of…


The reporting of risk in real estate appraisal property risk scoring

Alastair Adair, Norman Hutchison

Aims to examine financial risk management. The UK valuation profession has been criticised for inconsistencies and failures to reflect risk and uncertainty in certain valuation…


An investigation into the expression of uncertainty in property valuations

Alexander Joslin

Valuation is a “snapshot” in time. It is an assessment of the market price at a single point in time. It is an estimate and any estimate is uncertain. This paper aims to…

Cover of Journal of Property Investment & Finance



Online date, start – end:


Copyright Holder:

Emerald Publishing Limited

Open Access:



  • Nick French