Abstract
In previous chapters dealing with the computation of valuations and the measurement of performance, the assumption was made that all parameters comprising the calculations were known, to all intents and purposes, with absolute precision. At least whilst the uncertainties surrounding the estimated rental value and capitalisation rate were acknowledged to exist, the degree of possible variation from the ‘best estimates’ used in appraising a market value were not explored.
He sat back. A sense of complete helplessness had descended upon him. To begin with, he did not know with any certainty that this was 1984.
George Orwell, Nineteen Eighty-Four
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References and Further Reading
Fieldgrass, V., ‘Valuations or Guesstimates? — a reply’, Estates Gazette, vol. 233, 15 March 1975, pp. 997–9.
Sykes, S.G., ‘The Uncertainties in Property Valuation and Performance Measurement’, The Investment Analyst, no. 67, January 1983, pp. 25–35.
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© 1985 Angus P.J. McIntosh and Stephen G. Sykes
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McIntosh, A.P.J., Sykes, S.G. (1985). Valuation and Performance — the Uncertainties. In: A Guide to Institutional Property Investment. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-07154-8_13
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DOI: https://doi.org/10.1007/978-1-349-07154-8_13
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-07156-2
Online ISBN: 978-1-349-07154-8
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