Samenvatting Formuleblad investeren in Direct vastgoed (benodigde formules voor het tentamen)
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Course
Investeren in direct vastgoed
Institution
Hogeschool Rotterdam (HR)
Book
Real Estate Investment
Minor Beleggen in vastgoed |
Hogeschool Rotterdam |
Investeren in Direct vastgoed |
In dit formuleblad kunt u alle formules vinden die in de hoofdstukken 1, 2, 3, 4 en 5 van het boek Real estate investment naar voren zijn gekomen.
De formules zijn uitgetypt in het Nederlands toelichting.
Ri = Rendement belegging
Rf = Risicovrije rendement
Oi = risico voor de belegging gemeten met de standaarddeviatie
Income return = (Y0-1) / CV0
Capital return = (CV1 – CV0) / CV0
Total return = IR + CR
óf
Total return = (Y0-1) + (CV1 – CV0) / CV0
Y0-1 = Inkomen over een periode
CV1 = kapitaal waarde op het einde van een periode
CV0 = Kapitaal waarde op het begin van een periode
Vaststellen van de waarde
Optie 1 is de initial yield als prijs indicator
Initial yield = vereist rendement – inkomensgroei
Óf
Initial yield = RfR + Rp – Gr + D
Óf
Initial yield = RfR + Rp – i – Gr + D
RfR = risicovrije rendement
Rp = risicopremie
i = inflatie
Gr = huurwaardegroei
D = afschrijving
Optie 2 is de Fisher vergelijking
Vereist rendement = reëele rente + inflatie + risicopremie
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