Journal of Property Investment & Finance: Volume 37 Issue 3

The six success factors for REIT market development: lessons for China?

David Parker

An investigation of the impact of 2017 business rates revaluation on independent high street retailers in the north of England

Paul Michael Greenhalgh, Lynn Johnson, Victoria Huntley

Many national retailers have complained about increases in business rates tax bills since the 2017 revaluation. What impact has the 2017 business rates revaluation had on…

The transactional asset pricing approach: Its general framework and applications for property markets

Vladimir Michaletz, Andrey I. Artemenkov

The purpose of this paper is to present a methodology based on the transactional asset pricing approach (TAPA) and to illustrate the application of TAPA within the context of…

Income capitalisation method and hedonic model: an integrated approach

Gaetano Lisi

The purpose of this paper is to provide an integrated approach that combines the two methods usually used in the real estate appraisals, namely, the income capitalisation method…

The concept of market value in thin markets and its implications for international accounting rules (IFRS)

Hans Lind, Bo Nordlund

The purpose of this paper is to discuss how the concepts market value (MV) and exit price should be interpreted in thin markets and how accounting rules may need to change to take…

Compensation for disturbance in New South Wales: value vs cost

David Parker

The purpose of this paper is to explore compensation for compulsorily acquired businesses in the pre-statutory value to the owner regime compared to the post-statutory cost and…

Property investment: gearing and the equity rate of return

Nick French

The purpose of this paper is to comment upon the relatively straightforward but often misunderstood role of gearing (or leverage) on the potential equity return of a property…