The Income Approach to Property Valuation
6th Edition
Published on 7. April 2011
Book
Paperback/Softback
358 pages
978-0-08-096690-8 (ISBN)
Description
This classic text has been updated to meet the needs of today's students. It has been revised in line with the 2011 seventh edition of the RICS Valuation Standards and covers the latest valuation techniques including the important area of investment appraisals. It will help readers understand the complex world of property valuation, in particular:
how to analyze market rents and sales prices to derive market evidence to support an opinion of market value
the investment method of valuation and how it's applied in practice
how specific legal factors can impact on market value when they interfere with market forces
what the market and the profession may consider to be the `right' methodology in today's market place
how to use spreadsheets in valuation.
This new edition places a particular emphasis on investment valuations and the impact of landlord and tenant relationships on value. The text has always been well regarded for its clear explanations of the maths behind valuations, and practical examples are provided to illustrate the valuation techniques used today for property investments, property developments and properties valued with reference to their business profits.
how to analyze market rents and sales prices to derive market evidence to support an opinion of market value
the investment method of valuation and how it's applied in practice
how specific legal factors can impact on market value when they interfere with market forces
what the market and the profession may consider to be the `right' methodology in today's market place
how to use spreadsheets in valuation.
This new edition places a particular emphasis on investment valuations and the impact of landlord and tenant relationships on value. The text has always been well regarded for its clear explanations of the maths behind valuations, and practical examples are provided to illustrate the valuation techniques used today for property investments, property developments and properties valued with reference to their business profits.
Reviews / Votes
"The sixth edition builds upon its solid foundations as a principle and well-established property valuation textbook for both students and practioners alike. It covers all aspects of investment valuation and makes good use of worked examples to aid the understanding of this complex subject. This edition is further improved with a more detailed explanation (together with examples) of the Profits Method which has been compiled by a leisure sector specialist and thus gives the book a more rounded feel." - Keith Petrie, MRICS, Property Valuation Teaching Consultant, University of Aberdeen"... ignore the plethora of other text books that purport to be good introductions to the topic. Just buy this book, you will not regret it." - Amazon.co.uk, Customer Review
More details
Edition
6th New edition
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Professional and scholarly
Primary: Second year valuation students studying for a property degree. Secondary: Graduate students taking a RICS accredited conversion course.
Edition type
New edition
Dimensions
Height: 229 mm
Width: 152 mm
Weight
572 gr
ISBN-13
978-0-08-096690-8 (9780080966908)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
New editions
Andrew Baum | David Mackmin | Nick Nunnington
The Income Approach to Property Valuation
Seventh Edition
Book
12/2017
7th Edition
Routledge
€80.50
Shipment within 10-20 days
Additional editions
Andrew Baum | David Mackmin | Nick Nunnington
The Income Approach to Property Valuation
Book
09/2015
6th Edition
Routledge
€148.56
Article exhausted; check for reprint
Previous edition
Andrew Baum | David Mackmin | Nick Nunnington
The Income Approach to Property Valuation
Book
09/2004
5th Edition
Estates Gazette Ltd
€71.98
Article exhausted; check for reprint
Persons
Andrew Baum was appointed Professor of Land Management at the Henley Business School, University of Reading, in 1989 and is now Professor of Real Estate Investment at the University of Cambridge and a Fellow of St John's College, Cambridge.
Nick Nunnington is Head of Business Development, specialising in corporate real estate and property asset management at Sheffield Hallam University.
David Mackmin is a chartered surveyor and Prefessor of Real Estate at Sheffield Hallam University.
Nick Nunnington is Head of Business Development, specialising in corporate real estate and property asset management at Sheffield Hallam University.
David Mackmin is a chartered surveyor and Prefessor of Real Estate at Sheffield Hallam University.
Content
1. Introduction and Quick Start To The Income Approach 2. Financial Mathematics for Property Valuers 3. Discounted Cash Flow 4. Basic Principles 5. The Income Approach: Freeholds 6. The Income Approach: Leaseholds 7. The Income Approach: Taxation and Valuation 8. Landlord and Tenant (Valuations And Negotiations) 9. The Effects of Legislation 10. Development Opportunities 11. Profits Approach for Trade Related Properties 12. Investment Analysis