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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.
List of contents
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
Summary
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. The book provides 1st year undergraduate students with a working knowledge and understanding of the five methods.
