Property Valuation

Completely revised to incorporate recent developments in practice, this second edition of Scarrett's established text describes the process of valuation of real estate through its five principal methods: comparative, investment, residual, profits and contractor's methods. Unlike most existing texts, the book is designed to allow students to read about the methods either chapter-by-chapter or as a whole, thus enabling a deeper understanding of each in its own right as well as how they fit together. Discussing changes in retail practice and the role of accountants in looking at viability of businesses, the book features new case studies, enhanced visual aids, diagrams and tables to help readers visualize the process. It is essential reading for those studying property valuation, in addition to practitioners who will find useful guidance to underpin their practice.

ISBN 0415423252   Pages 216 ISBN13 9780415423250 (What's this?)   Volumes 1 Publisher Taylor & Francis Ltd   Weight (grammes) 498 Imprint Routledge   Published in London Format Hardback   Height (mm) 234 Publication date 06 Jun 2008   Width (mm) 156 Library of Congress 2007047910   Spine width (mm) 18 DEWEY 333.332   Academic level Undergraduate, Postgraduate DEWEY edition DC22

		List of figures
		List of tables
1		Setting the scene		1
		Post-war development		2
		The growth of property investment		3
		The role of the valuer		5
		The future		5
2		The overall investment market		7
		Consumption and savings		7
		The components of a sound investment		10
		The source of investment funds		12
		The range of investment opportunities		13
		Fixed interest investments		13
		Commercial investments		15
3		The property market		23
		Introduction		23
		Property as an investment		24
		New voluntary code for lease terms		28
		Residential property investment		29
		Real estate investment trusts (REITs)		30
4		Valuation mathematics		31
		Introduction		31
		The formulae		32
		Contemporary approaches		41
5		The determinants of value		43
		Introduction		43
		The physical entity		45
		Contractual matters - lease terms		47
		Interpretation of lease terms		49
		The tenant's 'covenant'		52
		Outgoings		52
		More...

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