Journal of Property Investment & Finance: Volume 17 Issue 4

The first decade of behavioral research in the discipline of property

Julian Diaz

This paper examines behavioral research in property. Such research is relatively new in the property field and is still in its first decade. The behavioral approach is examined…

Behavioral research into heuristics and bias as an academic pursuit: Lessons from other disciplines and implications for real estate

William Hardin

Behavioral research is an accepted research paradigm in business disciplines outside of finance including management, marketing and accounting. This paper looks at these…

Bargaining, utility and rents: Analysing the effect of potential lease termination on rent negotiation outcomes

Patrick McAllister, Heather Tarbert

This paper analyses the effect of potential lease expiry on the rental negotiation process and levels of rental agreed. Several observers have noted that tenants may use the…

Do valuers have a greater tendency to adjust a previous valuation upwards or downwards?

Timothy Havard

Valuers are often aware of previous valuation figures or have knowledge of transaction prices when carrying out valuation instructions. This most frequently occurs in two…

Does contingent reward reduce negotiation anchoring?

Julian Diaz, Rong Zhao, Roy Black

This article examines the role of contingent reward in reducing negotiation anchoring. A case study approach was adopted in the investigation undertaken. Five residencies were…

The influence of clients on valuations

Deborah Levy, Edward Schuck

The literature on appraisal smoothing and valuer behaviour contains frequent references to the “political pressures” faced by valuers. However, the vast majority of these are…

A note on valuation accuracy: an Australian case study

David Parker

Having considered the quantitatively analytical literature concerning valuation accuracy, a number of practical limitations are identified. Such limitations are then addressed in…

Landlord and tenant update

Malcolm Dowden, Nabarro Nathanson

Editorial