Introduction

A classic textbook that has guided generations of students through the intricacies of property valuation receives a twist and a makeover in the hands of two new authors and under continuity editorship of one of the previous authors. The Income Approach to Property Valuation has always been a firm favourite with undergraduate and postgraduate students and teachers. This new edition has a refreshingly contemporary focus and a more international reach, thoroughly updated and with new directions to meet the increasingly international perspectives of current real estate students. The links between theory and practice are further reinforced with updated and new case studies and exhaustive examples and problems with worked examples.

Facilitates Understanding in:

How to fully analyse market rents, sales prices, and trends to derive market evidence to support an opinion of market value

The investment method(s) of valuation and how to apply them to a wide variety of situations

How specific internal and external factors impact on risk, value, and security of income

A range of valuation methods and how and when to apply them

The use of Excel formulae and how to apply them to the income approach

The expectations of valuers and the professional frameworks they operate within

And contemporary issues and their impact on valuations

Conclusion

This extensively revised and extended new edition is perfect for both real estate students worldwide and professional candidates working towards career enhancement, including the assessment of professional competence (APC) for the Royal Institution of Chartered Surveyors.