Property Valuation (PDF)

This new edition of the 'all in one' textbook for the
postgraduate study of valuation on real estate courses retains its
focus on the valuation and appraisal of commercial and industrial
property across investment, development and occupier markets. It is
structured from the client perspective and covers
single-asset pricing, risk and return issues.

The structure of the book has been substantially revised. Part A
introduces the key microeconomic principles, focussing on land as a
resource, production functions, supply and demand and price
determination. The locational aspect of real estate is also
introduced. Macroeconomic considerations are categorised by
the main market sectors (and their function); the market for land
(development), for space (occupation) and for money
(investment). The economic context is set and the author then
explains why property valuations are required and discusses the
main determinants of value and how they might be
identified. The mathematics required to financially quantify
value determinants are also introduced. Part B of the book
describes the methods of valuation; Part C applies these methods to
the valuation of a range of property types for a wide variety of
purposes; and Part D covers investment and development
appraisal.

The author introduces valuation activities from a broad economic
perspective, setting valuation in its business finance context and
combining its academic and practical roots. Changes in this
second edition include:

* less daunting economics

* expanded companion website with PowerPoint slides for
lecturers, self-test Questions & Answers for students: see href="http://www.wiley.com/go/wyattpropertyvaluation">www.wiley.com/go/wyattpropertyvaluation

* up-to-date case studies and sample valuations

* reference to the newly-published Red Book (the
valuer's bible)

Property Valuation with its user-friendly format, using
tried-and-tested teaching and learning devices and a clear writing
style, remains the core text for students on real estate, estate
management and land economy degree courses, as well as for
fast-track conversion courses for non-cognate graduates.