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Article
Publication date: 1 April 1993

David Miltz, Jean‐Yves de Vel and Thibaud Dedier

Examines the valuation of a real estate leasing certificate inBelgium. Develops a detailed model, which derives from the valuationtheory concerning participating…

Abstract

Examines the valuation of a real estate leasing certificate in Belgium. Develops a detailed model, which derives from the valuation theory concerning participating, redeemable bonds. Permits a user to generate valuations of real estate certificates for any number of assumptions. Concludes that a real estate valuer could also use the model to test the reasonableness of their expert valuations against the tables.

Details

Journal of Property Valuation and Investment, vol. 11 no. 4
Type: Research Article
ISSN: 0960-2712

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