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Property Valuation in Uncertain and Cyclical Market Condition

In: Property Valuation and Market Cycle

Author

Listed:
  • Maurizio d’Amato

    (Technical University Politecnico di Bari)

  • Yener Coskun

    (Capital Markets Board of Turkey & TED University)

Abstract

Traditional real estate valuation framework employs backward-looking historical data by assuming stable market conditions. However, this hypothetical framework results in biased outcomes in value forecasting specifically in a highly volatile and cyclical environment. This unsolved problem implies that real estate valuation metrics may be extended by reflecting the impacts of uncertainty and cyclicality. The contribution of this chapter will be focused on how property valuation methods deal with uncertain and cyclical market conditions for the valuation of income-producing properties. Utilizing theoretical/empirical literature analysis and professional documents, we conclude that cyclical valuation approaches may provide solutions for the weaknesses of traditional valuation framework.

Suggested Citation

  • Maurizio d’Amato & Yener Coskun, 2022. "Property Valuation in Uncertain and Cyclical Market Condition," Springer Books, in: Maurizio d'Amato & Yener Coskun (ed.), Property Valuation and Market Cycle, chapter 0, pages 165-178, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-09450-7_12
    DOI: 10.1007/978-3-031-09450-7_12
    as

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