Property Valuation : The Five Methods (3rd ed)

The third edition of Property Valuation: The Five Methods introduces students to the fundamental principles of property valuation theory by means of clear explanation and worked examples. An ideal text for those new to the subject, the book provides 1st year undergraduate students with a working knowledge and understanding of the five methods of valuation and the ways in which they are interlinked. In this fully revised edition, the new author team have: restructured the chapters to ensure a more logical order outlined the economic theory of value and the rules and constraints under which a valuer works provided detailed consideration of each of the five recognised approaches placed a larger emphasis on the Discounted Cash Flow approach These revisions are all written in the concise and accessible style which has made previous editions of the book so successful. The new edition of this textbook will be essential reading for undergraduates on all property, real estate, planning and built environment courses. "The third edition of Property Valuation: The Five Methods introduces students to the fundamental principles of property valuation theory by means of clear explanation and worked examples. An ideal text for those new to the subject, the book provides 1st year undergraduate students with a working knowledge and understanding of the five methods of valuation and the ways in which they are interlinked. In this fully revised edition, the new author team have: restructured the chapters to ensure a more logical order outlined economic theory of value and the rules and constraints under which a valuer works provided detailed consideration of each of the five recognised approaches placed a larger emphasis on the Discounted Cash Flow approach These revisions are all written in the concise and accessible style which has made previous editions of the book so successful. The new edition of this textbook will be essential reading for undergraduates on all property, real estate, planning and built environment courses"-- Provided by publisher Cover About this Book Title Page Copyright Table of Contents List of Figures List of Tables Preface Abbreviations Acknowledgements 1. The property market in context 2. Professional valuation practice 3. Valuation formulae 4. The comparative method 5. The investment method – traditional approaches 6. The investment method – discounted cash flow approaches 7. The residual method 8. The profits method – financial data 9. The profits method – valuation 10. Cost-based methods Appendix A – Abstract from RICS Building Cost Information Service Appendix B – Example of Gross External Area from RICS Code of Measuring Practice 6th edition Appendix C – Example of Gross Internal Area from RICS Code of Measuring Practice 6th edition Appendix D – Example of Net Internal Area from RICS Code of Measuring Practice 6th edition Bibliography List of statutes, regulations and Industry information List of cases Index This third edition introduces students to the fundamental principles of property valuation theory by means of clear explanation and worked examples. An ideal text for those new to the subject, the book provides 1st year undergraduate students with a working knowledge and understanding of the five methods of valuation and the ways in which they are interlinked