The Income Approach to Property Valuation
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This classic text has been updated to meet the needs of today’s valuation students. It covers the latest valuation techniques including the important area of investment appraisals. It will help readers understand the complex world of property valuation, in particular:• How to analyse market rents and sales prices to derive market evidence to support an opinion of market value• The investment method of valuation and how it’s applied in practice• How specific legal factors can impact on market value when they interfere with market forces• What the market and the profession may consider to be the ‘right’ methodology in today’s market place.This new edition has a particular emphasis on investment valuations, strong information on the impact of landlord and tenant relationships on valuations, clear explanations of the maths behind valuations and real-life examples of the valuation techniques used by today’s practitioners.
Introduction and quick start to the income approach, Financial mathematics for property valuers, Discounted Cash Flow, Basic principles of valuation, Freeholds, Leaseholds, Taxation and Valuation, Landlord and tenant valuations and negotiations, The effects of legislation, Development Opportunities, Profits approach for trade related properties, Investment value, worth and analysis
