Abstract
Considers the important ways in which property is different from
other investments and the problems associated with measurement of
investment performance in the property market. Outlines the features of
the difference of property investment as providing a medium‐level
′secure′ income, a different performance cycle, and a lower level of
risk. Discusses the issues creating concern over the pricing of property
and the ability to measure its performance, and looks at recent
developments in the market. Suggests that the processes of evaluation
and performance measurement are providing data on a more comparable
basis as the property market itself becomes more efficient.
Cited by
2 articles.
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