Relativity from the Real World: On leasehold vs freehold valuations

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With the Upper Tribunal due to hear conjoined cases on relativity at the end of November, James Wyatt investigates important research into the relationship between freehold and leasehold values, which could reduce premiums by around 30%.

Written by

James Wyatt

Director at Parthenia

James has a Bachelors degree in Economics and obtained his Masters in Philosophy from the University of Cambridge and his thesis used a bivariate vector auto regression analysis of the quantity theory of money against property, equities, bills and bonds from 1900. He is the author of the residential property chapter of Tolleys and has written working papers on deferment rates and relativity. Together with Professor Muellbauer, Professor Gibbons and Dr Bracke he created the John D Wood & Co. indices, which use actual market data to accurately reflect the volatility in the property market. Professionally he holds a Diploma in Valuation and is a Fellow of the Royal Institution of Chartered Surveyors. He has also passed the stockbroking and fund management exams and holds the Investment Management Certificate and is a Member of the Chartered Institute for Securities & Investment. He is a member of both the Society of Expert Witnesses and the Expert Witness Institute.

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