Neil Crosby

Neil has been Professor of Real Estate at the University of Reading since 1994 having been previously Reader/Professor at Oxford Brookes and lecturer at Reading and Nottingham Trent Universities.  Before that he was a practising valuation surveyor in a combined residential and commercial property consulting firm based in the UK where he qualified as a Chartered Valuation Surveyor in 1975.

He specialises in commercial property appraisal and the commercial Landlord and Tenant relationship and over the last 30 years has undertaken a series of major research studies funded by the UK Central and Local Government and the UK property industry into aspects of commercial lease regulation, valuation methods, client influence on valuations, depreciation, liquidity, effective and headline rental value indices, capitalisation rates and development viability.

Neil has given keynote addresses to major academic and professional conferences including the World Valuation Congress in 1999, the European Real Estate Society in 2014 and the Pacific Rim Real Estate Society in 2000, 2005 and 2014.  In 2002 he was awarded the International Real Estate Society’s annual achievement award for his work in real estate research, education and practice and in 2014 was awarded the European Real Estate Society’s annual achievement award.  His industry based activity includes current membership of the RICS Valuation Standards Board and past membership of the Consultative Committee of the Investment Property Databank and the Management Board of the Investment Property Forum.  He was elected an Honorary Fellow of the Society of Property Researchers in 2014.

In 2001 and 2008, Neil was a member of the UK Research Assessment Exercise panel assessing the UK real estate academic output for the UK Government and he sits on a number of academic journal Editorial Boards. He has published well over 100 papers on the various topics listed above and the third edition of his textbook on Property Investment Appraisal with Andrew Baum was published in 2007 with a new edition due out in 2017.

Property valuation; Commercial leases

The Implicit Pricing of Property Attributes.  RICS Education Trust 2012-2014 (with Jackson, Sheffield: Orr, Glasgow) - £7,500

Depreciation of UK and European Commercial Investment Property – 4 separate funded projects by the Investment Property Forum between 2004 and 2013 (with Devaney, Baum, Law, Nanda) – Circa £100,000+.

Monitoring the three separate UK Codes of Practice for Leasing Business Premises – 3 separate projcts funded by the UK Government (DETR, ODPM, CLG) between 1998 and 2009 (with Hughes, S. Murdoch, Markwell) – Circa £275,000.

The Status of Property Valuations – ESRC, February 2002 to May 2004 - £112,000 (with J. Murdoch).

View a full list of Professor Neil Crosby's Publications

Recent Articles

Crosby, N. and Wyatt, P. (2016) Financial viability appraisals for site-specific planning decisions in England. Environment and Planning C: Government and Policy. ISSN 1472-3425 doi:10.1177/0263774X16636118

Crosby, N., Devaney, S., Lizieri, C. and McAllister, P. (2015) Can institutional investors bias real estate portfolio appraisals? Evidence from the market downturn. Journal of Business Ethics. pp. 1-17. ISSN 1573-0697 doi: 10.1007/s10551-015-2953-1 Item availability restricted.

Crosby, N., Devaney, S. and Nanda, A. (2015) Which factors drive rental depreciation rates for office and industrial properties? Journal of Real Estate Research. ISSN 0896-5803 (In Press)

Coleman, C., Crosby, N., McAllister, P. and Wyatt, P. (2013) Development appraisal in practice: some evidence from the planning system. Journal of Property Research, 30 (2). pp. 144-165. ISSN 1466-4453 doi: 10.1080/09599916.2012.750620

Crosby, N., McAllister, P. and Wyatt, P. (2013) Fit for planning? An evaluation of the application of development viability appraisal models in the UK planning system. Environment and Planning B: Planning and Design, 40 (1). pp. 3-22. ISSN 1472-3417 doi: 10.1068/b37181