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In a previous paper Sykes derived a mathematically consistent investment valuation model for freehold properties which he referred to as the Rational Model. This new model overcomes certain serious failings of other methods commonly in use. The present paper readdresses the arguments of the earlier paper in a manner rather more familiar to a practising valuer and compares current methods of valuation with the Rational Model. It is also shown that the Rational Model can be simply adapted for the valuation of leasehold interests without resorting to a separate (and usually quite artificial) ‘sinking fund’ rate.

A preceding paper by Baum examined the valuation of reversionary freehold interests, distinguishing between conventional and modern approaches. This paper applies the same approach to the valuation of leaseholds, and falls into two parts. Part 1 examines conventional leasehold valuations and the criticisms that may be made, concluding that both dual rate and single rate conventional valuations should be abandoned except in limited circumstances. Part 2 identifies three alternative modern approaches — real value, rational model and DCF — and compares their use in three general variations of leasehold valuation. The results are compared, and recommendations for their use are made. Finally an overview of the application of modern approaches to investment property valuation is presented.

Continues the discussion begun in part one of the article (Structural Survey 10.1) with some of the problems faced by Czechoslovakia following the separation of that country from the old Soviet Union. Reviews the post‐war construction industry, concluding with a suggestion of the development opportunities awaiting developers, particularly in Prague, though counselling caution.

This paper reports the progress of, and results from, a major foresight and scenario planning exercise concerned with the future of real estate. The project first explored the general climate of change within which real estate decisions will have to be made. It then identified specific real estate opportunities and tested alternative strategies which might emerge as a result of that change. A further objective was to verify the use of foresight through scenario planning as a credible method of fostering a learning culture within the property professions and helping in the future proofing of current decision making.

Despite the burgeoning research on mass incarceration, women are rarely its focus. Racialised women, whose rates of incarceration have increased more rapidly than other groups, are at the best marginal within much of this literature. Within juvenile justice systems, racialised girls and young women are also disproportionately criminalised and remain markedly over-represented but are often overlooked. The absence of racialised women and girls from dominant accounts of punishment and incarceration is a matter of epistemological, ethical and political concern. Intersectionality offers one means to treat racialised women and girls as focal points for research and advocacy directed towards a reduction in criminalisation and incarceration. While intersectionality does not determine how the knowledge produced is deployed, recognising those who have been unrecognised is a necessary first step in striving to bring about positive change through praxis. Flawed mainstream accounts are unlikely to generate strategies that are well-aligned with the needs and interests of those who remain largely invisible.