Journal of Property Valuation and Investment: Volume 10 Issue 2

Valuation for Mortgage Purposes: An Update

Peter Hales

Aims to give practical advice on some of the questions raised bythe Mortgage Valuation Guidance Notes. Looks at key clauses in theGuidance Notes and links them to recent case law…

The Role of the Appraisal Industry in the US Savings and Loan Crisis

Patricia J. Marshall

Traces the events which led up to the US savings and loan crisis.Discusses the role that the property appraiser played in the process.Concludes that the savings and loan crisis…

The Planning Provisions of the Planning and Compensation Act 1991

David Hawkins

Seeks to highlight the major planning proposals of interest topractitioners. Summarises other changes as they apply to England andWales. Concludes that while leaving the framework…

Investing in the Privately Rented Sector

Peter Dent, John Doling

Uses an explicit risk model to examine investment performance inthe private rented housing sector. Suggests that by using such rationalanalysis it is possible to identify target…

Over‐rented Freehold Investment Property Valuations

Neil Crosby

Examines the valuation difficulties that have arisen as a result ofthe falls in rental value in the UK property market during the earlypart of the 1990s. Considers overage cases…

Artificial Intelligence and the Mass Appraisal of Residential Apartments

Danny P.H. Tay, David K.H. Ho

Introduces the theory of artificial neural networks (ANN).Discusses its application to the valuation of residential apartments.Compares the performance of the back propagation…

The Variance of Property Returns: Some Problems of Time‐Weighted Measures

Colin Lizieri, Stephen Satchell

Suggests that the use of the geometric mean as a measure of averagereturn on investment presents problems for estimating the variance as ameasure of risk. Notes that the use of a…