miun.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Accuracy of Swedish property appraisers' forecasts of net operating income
Mid Sweden University, Faculty of Human Sciences, Department of Social Sciences. (Centre for Research on Economic Relations)ORCID iD: 0000-0001-5731-0489
Uppsala University, Institute for Housing and Urban Research, Gävle, Sweden.
Mid Sweden University, Faculty of Human Sciences, Department of Social Sciences. (Centre for Research on Economic Relations)
2012 (English)In: Journal of Property Research, ISSN 0959-9916, E-ISSN 1466-4453, Vol. 29, no 2, p. 103-122Article in journal (Refereed) Published
Abstract [en]

This study addresses how property appraisers forecast one important component of the commercial property valuation model: net operating income. We compare appraisers' ex ante forecasts with corresponding ex post figures from company financial reports. The data are from the Swedish Property Index, 1998-2005, and comprise over 7000 observations. The findings indicate that the appraisers' forecasts are somewhat forward looking and almost as accurate as those obtained using mechanical autoregressive models. However, the forecasts are biased, as appraisers systematically overestimate future net operating income. There was also evidence of decreasing accuracy over the study period. © 2012 Copyright Taylor and Francis Group, LLC.

Place, publisher, year, edition, pages
2012. Vol. 29, no 2, p. 103-122
Keywords [en]
appraisal bias, forecast accuracy, net operating income, property forecast
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:miun:diva-17274DOI: 10.1080/09599916.2011.641997Scopus ID: 2-s2.0-84861204407OAI: oai:DiVA.org:miun-17274DiVA, id: diva2:563015
Note

Source: Scopus

Available from: 2012-10-27 Created: 2012-10-27 Last updated: 2017-12-07Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full textScopushttps://www.scopus.com/inward/record.url?eid=2-s2.0-84861204407&partnerID=40&md5=d9484621301f061fafcb7e5c6947d858

Authority records BETA

Öhman, PeterUhlin, Ola

Search in DiVA

By author/editor
Öhman, PeterUhlin, Ola
By organisation
Department of Social Sciences
In the same journal
Journal of Property Research
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 330 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf