Oceňování 2019, 12(2):49-57 | DOI: 10.18267/j.ocenovani.231

Real estate yield from rental and value relationship

Daniel Veselý1, Tomáš Podškubka2
1 Ing. Daniel Veselý - senior consultant; znalecký ústav TPA Valuation & Advisory s.r.o.
2 Ing. Tomáš Podškubka, Ph.D., MRICS - senior manager; znalecký ústav TPA Valuation & Advisory s.r.o., soudní znalec, člen RICS

This article deals with the evaluation and application of real estate rate of return - the so-called yield. The principle is that yields can be distinguished at several levels and it is therefore important to look more closely at the input data. It states what are the categories of yield according to the professional public, their methods of calculation and what factors can affect the rate of yield. It is also pointed out that reported yields often lack more detailed information on how they are calculated and what exactly reflects as a result. It is also stated how the rate of yields within each type of real estate has evolved over the last years. Possible impacts of misstatement or application of yield are shown in two case scenarios that are modelled to outline the size of the potential error space within each category of yield.

Keywords: Real Estate; Yield; Valuation; Transaction
JEL classification: R33

Published: October 25, 2019  Show citation

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Veselý, D., & Podškubka, T. (2019). Real estate yield from rental and value relationship. Oceňování, 12(2), 49-57. doi: 10.18267/j.ocenovani.231
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