The Income Approach to Property Valuation

Book by Baum, Andrew, MacKmin, David

This classic text has been updated to meet the needs of today's 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. . How to use spreadsheets in valuation

This new edition places a particular emphasis on investment valuations and the impact of landlord and tenant relationships on value.  The text has always been well regarded for its clear explanations of the maths behind valuations, and practical examples are provided to illustrate the valuation techniques used today for property investments, property developments and properties valued by reference to their business profits.