Abstract: Explicit DCF models can be developed using growth in the calculation and discounting using the investor's target rate or equated yield. Freehold property requires an infinite cash flow and this means the process needs to be shortened. This can be done by assuming a certain holding period and then resale of the investment at the initial capitalisation rate.
Publication Year: 1998
Publication Date: 1998-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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