ABSTRACT

The new and improved eleventh edition of this essential valuation textbook reflects the changes in the property market since 2009, whilst presenting the tried and tested study of the principles governing the valuation of land, houses and buildings of the previous editions.

The eleventh edition is fully up-to-date with latest guidelines, statutes and case law, including the implications of the latest RICS Red Book and the Localism Act. 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 to provide trainees (APC Candidates) and practitioners with current and relevant guidance on the preparation of valuations for statutory purposes.

Over the twenty eight chapters, the author team of experienced valuation experts present detailed accounts 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|10 pages

Principles of valuation

chapter 3|20 pages

Property in land

chapter 4|5 pages

The market approach or comparative method

chapter 5|16 pages

Market rent

chapter 6|10 pages

Outgoings

chapter 7|12 pages

Yield

chapter 9|40 pages

Income approach or investment method

chapter 10|11 pages

Discounted cash flow

chapter 12|31 pages

Developments in valuation approaches

chapter 13|16 pages

Some practical points

chapter 15|34 pages

Development properties

chapter 16|33 pages

Residential properties

chapter 18|22 pages

Commercial properties (2): types of property

chapter 20|28 pages

Valuations for rating

chapter 21|32 pages

Taxation: capital gains tax

chapter 26|5 pages

Blight notices

chapter 27|5 pages

Purchase notices