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- W2505896503 abstract "It is a curious fact of property valuation that freehold and leasehold interests are treated as requiring different approaches. Of course, a freehold valuation capitalises the anticipated income stream in perpetuity, whilst a leasehold valuation deals with a terminable (finite) cash flow. However, this basic difference between the two situations should not lead to any divergence in the valuation techniques applied. After all, a freehold interest may simply be regarded as equivalent to a leasehold with an infinite term. It is not so much the mathematical formulations used to convert the traditional freehold models into leasehold models which are the problem, but really the extraordinary manner in which the models are then applied." @default.
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- W2505896503 date "1985-01-01" @default.
- W2505896503 modified "2023-09-26" @default.
- W2505896503 title "Leasehold Investment Valuations" @default.
- W2505896503 doi "https://doi.org/10.1007/978-1-349-07154-8_10" @default.
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