Income Approach to Property Valuation

The second edition of this comprehensive textbook is intended for both students and practitioners. It covers the changes in rating law, valuation and how the principles apply in practice. Throughout the book there are many examples illustrating valuation methods for the different types of property a practitioner is likely to deal with.

Updates will include:
Chapter on Exemptions and Reliefs to reflect the recent/forthcoming changes in legislation
Chapter on Council Tax to reflect recent/forthcoming changes in legislation and the proposals for a revaluation of CT in England and Wales in 2006/2007
Chapter on Practice and procedure (appeals regulations, transition etc)
New section on the Rating of Utilities
New examples on rental analysis and valuation
Complete updating of the book to ensure it is current and has regards to changes in approach, values etc. for 2005
Inclusion of even more summaries and key features at the end of each chapter.

*Completely updated, this book covers current and forthcoming rating law and valuation in a practical handbook
*Includes many examples illustrating valuation methods for different property types
*Comprises all you need to know about rating valuation in a clear, concise format

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.