Introduction to Property Valuation

This comprehensive introduction to the concepts and methods of valuing real estate helps students to progress successfully from basic principles to a more sophisticated understanding. Taking a practically oriented rather than purely theoretical approach, this textbook enables you to undertake valuation calculations yourself. Experienced tutor and valuer Michael Blackledge demonstrates how the principles can be applied in professional practice in line with the requirements and guidance provided by the Royal Institution of Chartered Surveyors. The five traditional methods of valuation are outlined and the practical applications of the two main approaches, the comparison and investment methods, are fully explored. The use of discounted cash flow and quarterly in advance calculations, topics which have often been neglected elsewhere, are also explained. Complete with extensive further reading suggestions, a full range of worked examples, clear chapter summaries and additional online exercises, this book is essential for any student of real estate and its valuation.

this Comprehensive Introduction To The Concepts And Methods Of Valuing Real Estate Provides Information For Students To Progress Successsfully From Basic Principles To A More Sophisticated Understanding Of The Subject.

the Book Takes A Practical Rather Than Purely Theoretical Approach And Demonstrates How The Principles Can Be Applied In Professional Practice With Constant Reference To The Requirements Of, And Guidance Provided By The Royal Institution Of Chartered Surveyors.

the Traditional Five Methods Of Valuation Are Briefly Explained But Concentration Is On The Practical Application Of The Two Main Approaches; The Comparison And Investment Methods. The Alternative Method Of Valuation Of Discounted Cash Flow, An Area Which Has Been Neglected In Other Texts, Is Also Covered. Further Reading Is Given, Along With A Full Range Of Worked Examples, Clear Chapter Summaries And Further Questions. Website Companion Material Is Also Available.

Economic context The property valuation profession Investment Compounding and discounting Sinking funds and mortgages Capitalisation Alternative valuation tables and formulae Methods of measurement RICS valuation standards (the "red book") Comparison method Investment method-traditional Investment method-discounted cash flow Residual method Profits method Cost methods Landlord and tenant valuations.