A Model to Decompose Property Rental Multipiers with Regard to the Division Between Land and Building Elements

We propose a new model for the decomposition of rental multipliers for the property building element which also supports valuation of income-producing real properties based on the principle of stability and an un-orthodox application of discounted cash flow analysis. Having regard to the building/la...

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Main Author:	Smolyak S.A.
Format:	Article
Language:	English
Published:	Sciendo 2016-03-01
Series:	Real Estate Management and Valuation
Subjects:	market value valuation buildings income rental multiplier land taxes ad valorem expenditures discounting r30 d03 d40
Online Access:	https://doi.org/10.1515/remav-2016-0005

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spelling	doaj-f604090ff7b740a8abea6775616702342021-09-05T14:00:12ZengSciendoReal Estate Management and Valuation2300-52892016-03-01241516310.1515/remav-2016-0005remav-2016-0005A Model to Decompose Property Rental Multipiers with Regard to the Division Between Land and Building ElementsSmolyak S.A.0Central Economics and Mathematics Institute (CEMI), Russia Academy of Science (RAS)We propose a new model for the decomposition of rental multipliers for the property building element which also supports valuation of income-producing real properties based on the principle of stability and an un-orthodox application of discounted cash flow analysis. Having regard to the building/land element analytical split of overall property, the proposed model explicitly accounts for the impact of the value of underlying land on the decomposition of rental multipliers, and doesn’t require long-term forecasting of income.https://doi.org/10.1515/remav-2016-0005market valuevaluationbuildingsincomerental multiplierlandtaxesad valorem expendituresdiscountingr30d03d40
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Smolyak S.A.
spellingShingle	Smolyak S.A. A Model to Decompose Property Rental Multipiers with Regard to the Division Between Land and Building Elements Real Estate Management and Valuation market value valuation buildings income rental multiplier land taxes ad valorem expenditures discounting r30 d03 d40
author_facet	Smolyak S.A.
author_sort	Smolyak S.A.
title	A Model to Decompose Property Rental Multipiers with Regard to the Division Between Land and Building Elements
title_short	A Model to Decompose Property Rental Multipiers with Regard to the Division Between Land and Building Elements
title_full	A Model to Decompose Property Rental Multipiers with Regard to the Division Between Land and Building Elements
title_fullStr	A Model to Decompose Property Rental Multipiers with Regard to the Division Between Land and Building Elements
title_full_unstemmed	A Model to Decompose Property Rental Multipiers with Regard to the Division Between Land and Building Elements
title_sort	model to decompose property rental multipiers with regard to the division between land and building elements
publisher	Sciendo
series	Real Estate Management and Valuation
issn	2300-5289
publishDate	2016-03-01
description	We propose a new model for the decomposition of rental multipliers for the property building element which also supports valuation of income-producing real properties based on the principle of stability and an un-orthodox application of discounted cash flow analysis. Having regard to the building/land element analytical split of overall property, the proposed model explicitly accounts for the impact of the value of underlying land on the decomposition of rental multipliers, and doesn’t require long-term forecasting of income.
topic	market value valuation buildings income rental multiplier land taxes ad valorem expenditures discounting r30 d03 d40
url	https://doi.org/10.1515/remav-2016-0005
work_keys_str_mv	AT smolyaksa amodeltodecomposepropertyrentalmultipierswithregardtothedivisionbetweenlandandbuildingelements AT smolyaksa modeltodecomposepropertyrentalmultipierswithregardtothedivisionbetweenlandandbuildingelements
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A Model to Decompose Property Rental Multipiers with Regard to the Division Between Land and Building Elements

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