Serious investment thinking that doesn’t take itself too seriously.
Local planning issues are famously so divisive that aspiring politicians are warned never to take sides in local planning disputes because of the political risks. And what is true at the local level is also true at the national level. That’s according to a new poll exclusive for the Property...
I walked into the Baltimore airport at 7:15 Friday morning, checked a bag, and walked to the end of the endless Boarding line, which moved swiftly back and forth between the...
The decision by the Bank of England’s rate-setting committee to reduce Bank Rate from 5.25% to 5% on 31 July was clearly a nail-biting affair, succeeding by the narrowest of...
For decades, there has been a debate over whether property investments serve as an inflation hedge or they are instead a “perverse” hedge. During the recent low inflation era,...
A few weeks ago, I was arranging a meeting with of his time between London, Dubai and Riyadh, this international man of built environment mystery isn’t well suited to a...
The debate about explicit Discounted Cash Flow (DCF) dates back at least as far as the Mallinson Report in 1994. This debate has been rekindled by the RICS’ “Independent Review...
This article is part of our Premium Content Stream, a new Property Chronicle initiative to bring you additional high quality analysis of multiple asset classes. It is currently...
Centuries are a bit like late-blooming teenagers; they don’t really develop their full character until their mid-twenties. The electric, modern age of the 20th century didn’t...
The investor's conundrum. The first quarter of the 21st century has been a rough ride for financial markets and consequently for the investors that they serve. Is there any good...
I’ve taken part in industry events recently discussing target rates, discount rates, hurdle rates and their relationship to yields—partly in the context of the RICS recommendations on use of DCF in valuations following the Pereira-Gray report.