Journal of Property Valuation and Investment: Volume 11 Issue 3
Table of contents
Hotel Valuations: the Income Capitalisation Approach
Elizabeth S. MenorcaDiscusses hotel valuations based on a ten‐year forecast of incomeand expense and a discounted cash flow analysis allowing a valuer tofactor in a recovery in demand. Argues that…
How should pubs be valued?
B.J. GillhamReviews past and current methods of valuation, analyses rentalgrowth and explains the thinking behind bids made by players in thisdeveloping market. Provides sample valuations for…
Timeshare in South Africa: Evolution, Failure and Reform
P.G. du PlessisPresents an overview of the timeshare industry in South Africa.Gives special attention to the reasons why the industry continues togrow, despite major failures. Emphasis is placed…
Investment Skill and Portfolio Management
Gerald R. BrownAssumes that the education of valuers is generally directed towardsproducing professionally qualified personnel who are able to value awide variety of properties by using standard…
Sensitivity Analysis for Property Appraisal
Smyly BannermanDiscusses the methods of sensitivity analysis in use generally andby the property appraisal profession. Proposes a simplified structuredand systematic technique of selecting…
Mapping a European Property Investment Strategy
Fiona M. SweeneyPuts forward the case for European property in a multi‐assetportfolio. Presents a quantitative approach for the construction of aEuro‐property portfolio. Concludes that this…