Investment market - risk factors
Liquidity
Location
Tenancy
Building quality
Space/Investment market - on what does the price depend?
Space market: Demand
Investment market: Return
What does land include?
Area
Building rights
How does the MV of land behave?
Call option
Underlying asset: Property
Strike: Cost of construction of building
What is the value of a plot of land influenced by?
By the development project that could be realized on it
Building - useful life subject to what?
Natural senescence
Functional obsolescence
Location - what is the macro environment?
Country/economic region
Economic trends
Spending capacity
Demographic development
Location - what is the micro environment?
City area/street
Connectivity
Noise
New infra/community projects
Development projects - types of risk
Industrial
Zoning
Market
Income producing properties - risk
Market risk
What is the peculiarity of residential properties with respect to existing leases?
Value of residential properties is lower when they are occupied/leased
What are the two levels of flexibility?
Building: Built for a specific use?
Use: Limit of usage, even when there is no limit due to the building itself?
Zuletzt geändertvor 2 Jahren