"The income approach to property valuation", now in its third edition, has proved to be a useful textbook in the field of property valuation. However, given the breadth and depth of its coverage, it has not always been easy for students and lecturers to cover all of its ground during teaching periods. As a result, David Mackmin has produced this study companion to guide the reader through some of the problems that a lecturer might pass over. Following the structure of the companion text, "A study companion to the income approach to property valuation" highlights key areas for study and contains problems for students and practitioners to solve. The solutions to the problems can be found at the end of the book, giving the reader the opportunity to assess his or her own strengths and weaknesses. The book contains sufficient explanatory text for it to be read in its own right and provides more than just supplementary material. It should prove useful to the student who wishes to study, or revise, investment valuation for the Royal Institute of Chartered Surveyors, the College of Estate Management, or other degree or diploma qualifications. It will also be of interest to practitioners and students in the fields of investment analysis accounting law, and planning.
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.