Citation
French, N. (2006), "Price and value: further reading and bibliography", Journal of Property Investment & Finance, Vol. 24 No. 5. https://doi.org/10.1108/jpif.2006.11224eab.003
Publisher
:Emerald Group Publishing Limited
Copyright © 2006, Emerald Group Publishing Limited
Price and value: further reading and bibliography
Price and value: further reading and bibliography
Introduction
In this volume of the Journal of Property Investment & Finance, we have run a series of articles looking at the difference between price, value and worth and looked at the advantages and disadvantages of explicit and implicit models. These models were shown to be useful for “pricing” and, by testing the input variables, for assessing “worth”.
This education briefing is a list of useful reference and further reading related to this topic.
Books
All the following books contain chapters that address the issue of price, value and worth.
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Adair, A. et al. (Editors) (1996), European Valuation Practice: Theory and Technique, E & FN Spon.
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Baum, A. (2002), Commercial Real Estate Investment, Estates Gazette Books.
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Baum, A. (2006), The Income Approach to Property Valuation, Estates Gazette Books.
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Baum, A. and Crosby, N. (1995), Property Investment Appraisal, Thomson Business Press.
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Brett, M. (1997), Property and Money, Estates Gazette Books.
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Enever, N. and Issac, D. (2002), The Valuation of Property Investments, Estates Gazette Books.
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Fawcett, S. (2003), Designing Flexible Cash Flows, Estates Gazette Books.
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Fraser, W. (2004), Cash Flow Appraisal for Property Investment, Macmillan Distribution Limited.
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RICS (2003), The Red Book: RICS Appraisal and Valuation Standards, Royal Institution of Chartered Surveyors – RICS Books.
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Sayce, S., Smith, J. and Cooper, R. (2006), Real Estate Appraisal: From Value to Worth, Blackwell Publishing.
Articles and reports
All the following articles and information papers address the issue of price, value and worth. This list is not exhaustive and the references contained in each paper will lead to future papers not referenced here.
Valuation and calculation of worth
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Baum, A.E. and MacGregor, B. (1992), “Explicit valuations and the future of property investment”, Journal of Property Valuation and Investment, Vol. 10 No. 4, pp. 709-724.
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Baum, A.E., Crosby, N. and MacGregor, B. (1996), “Price formation, mispricing and investment analysis in the property market”, Journal of Property Valuation & Investment, Vol. 14 No. 1, pp. 36-49.
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Mallinson Report (1994), Commercial Property Valuations, Royal Institution of Chartered Surveyors, London.
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Peto, R., French, N. and Bowman, G. (1996), “Price and worth: developments in valuation methodology”, Journal of Property Valuation and Investment, Vol. 14 No. 4, pp. 79-100.
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RICS (1997a), Commercial Investment Property Valuation Methods, RICS Books, London.
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RICS (1997b), Calculation of Worth, RICS Books, London.
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White, P. (1995), “A note on explicit valuations and the future of property investment”, Journal of Property Valuation and Investment, Vol. 13 No. 3, pp. 53-59.
Discounted cash flow and market valuations
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French, N. (1996), “Investment valuations: developments from the Mallinson Report”, Journal of Property Valuation and Investment, Vol. 14 No. 5, pp. 48-58.
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French, N. (2006a), “Freehold valuations: the relationship between implicit and explicit DCF methods”, Journal of Property Investment & Finance, Vol. 24 No. 1, pp. 87-91.
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French, N. (2006b), “Value and worth: scenario analysis”, Journal of Property Investment & Finance, Vol. 24 No. 2, pp. 176-179.
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Martin, D. (1990), “Discounted cash flows”, Journal of Property Valuation and Investment, Vol. 9 No. 1, pp. 59-64.
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Trott, A. (Ed.) (1986), Property Valuation Methods: Research Report, Polytechnic of the South Bank/Royal Institution of Chartered Surveyors, London.
Uncertainty in appraisal
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French, N. and Gabrielli, L. (2004), “The uncertainty of valuation”, Journal of Property Investment & Finance, Vol. 22 No. 6, pp. 484-500.
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French, N. and Gabrielli, L. (2005), “Discounted cash flow: accounting for uncertainty”, Journal of Property Investment & Finance, Vol. 23 No. 1, pp. 76-89.
Nick French