RICS: Option pricing theory to value development land (FiBRE summary)
Published May 2010
This report examines the potential for using option pricing models as a method for the valuation of land with development potential. It draws on recent advances in real estate applications of option pricing theory, and carries out a series of empirical tests using residential house sale and land sale data for Perth, Western Australia for the period 1995-2008.
- File type: PDF
- Size: 2.84 MB
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