| Description |
1 online resource (288 pages) |
| Contents |
Cover; Title Page; Copyright Page; Table of Contents; Acknowledgements; Introduction; The layout of the book; the economic context of the book; the maths involved in the book; Chapter 1: Property Ownership; The meaning of property; the nature of legal interests; the importance of leases; summary example; Chapter 2: Concepts of Value and Glossary; Cost; price; value; market value; market rent; marriage value; worth; alternative bases of value; Chapter 3: The Role of the Valuer; Demand for and purpose of valuation; professional body regulation and codes of conduct |
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The evolution of national and international standardsvaluation accuracy and the courts; the valuation process; Chapter 4: Property Inspection; Material considerations; location; the property itself; legal factors; the inspection; code of measuring practice; Chapter 5: Property Markets and Economics; Markets; property markets; demand and supply and elasticity; demand; Chapter 6: Residential Property Markets; House prices; supply of housing; demand for housing; market changes; local markets; demand for residential valuations; Chapter 7: Commercial Property Markets; Occupation markets |
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Investment marketsother market distinctions; the level of commercial property market values; the demand for rental valuations; lease flexibility and break clauses; the influence of lease clauses on rental value; out goings and rent; valuations for rent reviews; investment market values; social and economic changes; Chapter 8: Introduction to Methods of Valuation; The comparison method; the profits method; the residual method; the contractor's method; the investment method; summary of valuation methods; valuation layout; accuracy and rounding; Chapter 9: The Comparison Method; Procedure |
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Applicationunits of comparison; retail zoning; other units of comparison; yield comparison; Chapter 10: The Profits Method; Estimated gross earnings; purchases; working expenses; the net profit; tenant's share; amount available for rent; issues with the profits method; Chapter 11: The Residual Method; Approaches to the valuation of property with development potential: comparison and residual methods; the residual method; liability of the residual method to error; using a residual approach to find developers profit; further criticisms of the residual method |
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Pessimistic and optimistic residual calculationsChapter 12: Cost Based Valuation Methods; The contractor's method; building reinstatement cost basis for insurance; BCIS house rebuilding costs; Chapter 13: The Time Value of Money and Valuation Tables; The time value of money; compound interest; the amount of £1; discounting; the present value of £1; amount of £1 per annum; annual sinking fund; years purchase; annuity £1 will purchase; calculators or valuation tables; years purchase in perpetuity; Chapter 14: Freehold Investment Valuations; The fixed perpetual income; the fully let freehold |
| Summary |
An entry level introduction to valuation methodology, this book gives a straightforward narrative treatment to the subject matter with a multitude of examples and illustrations, contained in an easy to read format. There is a strong emphasis on the practical aspects of valuation, as well as on the principles and application of the full range of valuation methods. This book will serve as an important text for students new to the topic and experienced practitioners alike. Topics covered include:property ownershipconcepts of valuethe role of the valuer |
| Notes |
What about inflation and growth |
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Print version record |
| Subject |
Real property -- Valuation.
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land valuation.
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BUSINESS & ECONOMICS -- Real Estate -- General.
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Real property -- Valuation
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| Form |
Electronic book
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| Author |
Askham, Phil
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Green, Mike
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| ISBN |
9781135335588 |
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1135335583 |
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