THE MEASUREMENT OF PROPERTY INVESTMENT PERFORMANCE: SOME CONSIDERATIONS

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Abstract
Property investment performance measurement is a vital defence for the property investment manager. This paper examines various points of detail in the use and interpretation of performance measurement results, recommending the use of internal rates of return as the means of measurement and making further specific points concerning the division of return into the causal factors of income and capital changes. Exhibits are provided in illustration of the proposed approach.

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