Modern Methods of Valuation [Paperback]

The twelfth edition of this essential valuation textbook reflects the changes in the regulatory and statutory framework for property valuations that have occurred since 2013, as well as presenting the tried and tested principles and practices of real estate valuation.

The twelfth edition is up to date as of June 2018 with the latest regulations, statutes and case law, including the RICS Valuation  Global Standards 2017. Its comprehensive coverage of the legal, economic and technical aspects of valuation make this book a core text for most university and college real estate programmes, and it provides students and practitioners with current and relevant guidance on the preparation of valuations for statutory purposes.

Throughout the text, the author team of experienced valuers presents examples of the application of these principles to the everyday problems met in practice. This new edition continues to be of excellent value to both students and practitioners alike as it provides the reader with a clear understanding of the methods and techniques of valuation.

Preface to the twelfth edition

Acknowledgements

Table of cases

Table of statutes

Table of statutary instruments

1. Principles of valuation

2. Valuation approaches and methods 

3. Property law

4. Planning law

5. The market approach

6. Market rent

7. Outgoings

8. Property yields 

9. Investment mathematics as it applies to property valuation 

10. Income approach or investment method 

11. Discounted cash flow

12. The cost approach and residual method 

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