ABSTRACT

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.

chapter 1|30 pages

Principles of valuation

chapter 2|6 pages

Valuation approaches and methods

chapter 3|20 pages

Property law

chapter 4|31 pages

Planning law

chapter 5|5 pages

The market approach (comparative method)

chapter 6|16 pages

Market rent

chapter 7|17 pages

Outgoings

chapter 8|12 pages

Property yields

chapter 10|47 pages

Income approach or investment method

chapter 11|13 pages

Discounted cash flow

chapter 12|11 pages

The cost approach and residual method

chapter 13|32 pages

Developments in valuation approaches

chapter 14|36 pages

Development properties

chapter 15|30 pages

Residential properties

chapter 16|21 pages

Commercial properties (1)

Types of property

chapter 17|23 pages

Commercial properties (2)

Landlord and Tenant Acts and rent reviews

chapter 18|15 pages

UK valuation applications

chapter 19|29 pages

Valuations for rating

chapter 20|34 pages

Taxation

chapter 22|24 pages

Compulsory purchase compensation (1)

Compensation for land taken

chapter 23|15 pages

Compulsory purchase compensation (2)

Compensation for severance and injurious affection

chapter 24|22 pages

Compulsory purchase compensation (3)

Compensation for disturbance

chapter 25|6 pages

Blight notices

chapter 26|4 pages

Purchase notices

chapter 27|8 pages

Compensation under the Town and Country Planning Acts

Revocation, modification and discontinuance orders, etc.