Journal of Property Valuation and Investment: Volume 11 Issue 1

The Valuation of Commercial Property for Sale by Auction

Jonathan Manley

Seeks to address the problems inherent in valuing a property forsale by auction, both in terms of likely selling prices and in fixingsuitable reserves. Considers auction…

Valuation of Contaminated Land: Current Theory and Practice

E Martin Sheard

Suggests which valuation approaches should be adopted forappraising properties that are already treated or intended fordevelopment. Considers questions of ill‐informed market…

Self‐regulation in the Office Property Market

Tony Mulhall

Examines the failure of the City of London office market over thelast 30 years to transmit information on impending oversupply todevelopers as the market moved towards the top of…

The Profit Method of Valuation

Ann Colborne, Phillip C.L. Hall

Considers that the relationship between a property′s tradingpotential and the tenant′s ability to pay rent is the basis of one ofthe five recognised methods of valuation: the…

The Cost Approach to Valuation

Owen Connellan, Richard Baldwin

Outlines a new classification system for buildings and proposesthat a new methodology, discounted asset rents (DAR), is used to addressthe situation. Notes that it has long been…

Development Valuation Techniques

Phillip Marshall, Chris Kennedy

Investigates the methods and techniques by which developmentcompanies and their advisers value land and projects for development andredevelopment. Comments on the effect of the…

Revisionary Freeholds: Problems with Over‐renting

Neil Crosby, Robin Goodchild

Examines the valuation of property investments let at rents inexcess of their estimated rental values. Summarises the conventional andcontemporary approaches to market valuation…