Suchergebnisse

Today, every enterprise, investor and household with property involvements is functionally involved in the international real estate markets, by virtue of the influence that global forces and participants in the multiple segments of the real estate markets have on local spatial patterns and therefore the demand for, and supply of, property goods and services. Property involvements for many reflect a Ptolemaic view of the universe, proceeding from the premise that the particular property is the focus and locus of concern, with other forces, factors and properties metaphorically rotating around the particular local property. A Copernican concept of commerce, by contrast, proceeds with the premise that property involvements follow from consideration of the dynamic interdependent interaction and implications of ideas, initiatives, and involvements, from multiple regions and perspectives. Even though involved in multiple markets with offices throughout the world, many employ multiple local insular strategies, being guided more by a Ptolemaic than Copernican perspective. With a strategic perspective for global property involvements, no longer is the operative paradigm built on the primacy of focus on the single local property.

Chapter 1: Introduction -- Part I: Inside Property Market Cycle -- Chapter 2: Property Market Cycle -- Chapter 3: On the Essence of property cycles -- Chapter 4: Addressing Cyclicality Through International Financial Standards -- Chapter 5: Dealing with Cyclical Assets -- Chapter 6: The Logic of a Cyclical Adjustment. Some reflexions -- Chapter 7: Property Market Cycle, Commercial Property and Mortgage Lending Value -- Chapter 8: The Effects of Heuristics and Biases on Real Estate Valuation -- Chapter 9: Standardized valuation of real estate reflecting cyclical economic development – experience of last two decades -- Part II: Problems and Solutions -- Chapter 10: Thinking Out the Box -- Chapter 11: Regulatory Responses to Property Cycles -- Chapter 12: Property Valuation in Cyclical Market Conditions -- Chapter 13: Property Market Cycle and Valuation: A Geometrical Approach -- Chapter 14: The Transactional Assets Pricing Approach: property valuation implications and a potential for fundamental value research -- Chapter 15: Measures of Variability in the Application of Cyclical Capitalization (normal form) to London Office Market -- Chapter 16: Housing valuation and the business cycle: The hedonic house price indices approach -- Chapter 17: Property valuation, transaction prices and market activity -- Chapter 18: Methodological Integration between Property Market Cycle and Valuation Process. Other Cyclical Capitalization Models -- Part III: Conclusion -- Chapter 19: Property Market Cycle and Valuation…Filling the Gap.