Real Estate Valuation
A Subjective Approach
1st Edition
Published on 15. December 2021
238 pages
978-1-000-50856-7 (ISBN)
Description
Real Estate Valuation: A Subjective Approach highlights the subjective valuation components of residential and commercial real estate, which can lead to a range of acceptable property value conclusions.
It discusses the causes of housing booms and goes in depth into the heterogeneity of commercial real estate property valuation via examples from owner-occupied, multifamily residential, hotel, office, retail, warehouse, condo conversion, and mortgage-backed security areas of real estate. Other topics explored include the role of machine learning and AI in real estate valuation, market participant value perceptions, and the challenge of time in the valuation process. The primary theoretical basis for the range of acceptable values and the subjectivity of property valuation focuses on the work of G.L.S. Shackle from the Austrian School of Economics.
This illuminating textbook is suitable for undergraduate and master's students of real estate finance, and will also be useful for practitioners in residential and commercial real estate.
It discusses the causes of housing booms and goes in depth into the heterogeneity of commercial real estate property valuation via examples from owner-occupied, multifamily residential, hotel, office, retail, warehouse, condo conversion, and mortgage-backed security areas of real estate. Other topics explored include the role of machine learning and AI in real estate valuation, market participant value perceptions, and the challenge of time in the valuation process. The primary theoretical basis for the range of acceptable values and the subjectivity of property valuation focuses on the work of G.L.S. Shackle from the Austrian School of Economics.
This illuminating textbook is suitable for undergraduate and master's students of real estate finance, and will also be useful for practitioners in residential and commercial real estate.
More details
Edition
1. Auflage
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Professional and scholarly
Illustrations
1 Tables, black and white; 106 Line drawings, black and white; 3 Halftones, black and white; 109 Illustrations, black and white
ISBN-13
978-1-000-50856-7 (9781000508567)
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
Additional editions
Book
12/2021
1st Edition
Routledge
€204.61
Shipment within 15-20 days
Book
12/2021
1st Edition
Routledge
€97.10
Shipment within 15-20 days
Person
G. Jason Goddard is adjunct professor at Wake Forest University and University of North Carolina at Greensboro, USA.
Content
1: From Austrian Value Subjectivity to Shackle's Possibility Curve
2: The Role of Machine Learning and AI in Real Estate Valuation
3: Overview and Pitfalls of Home Valuation Subjectivity
4: Subjectivity of Commercial Real Estate Valuation
5: Market Participant Value Perceptions
6: Subjectivity of Cap Rates, Discount Rates, and Debt Yields
7: Subjectivity in Hotel Property Valuation
8: The Discounted Sellout and Subjectivity
9: Mortgage Backed Securities and Subjectivity
10: The Provocation of Time
2: The Role of Machine Learning and AI in Real Estate Valuation
3: Overview and Pitfalls of Home Valuation Subjectivity
4: Subjectivity of Commercial Real Estate Valuation
5: Market Participant Value Perceptions
6: Subjectivity of Cap Rates, Discount Rates, and Debt Yields
7: Subjectivity in Hotel Property Valuation
8: The Discounted Sellout and Subjectivity
9: Mortgage Backed Securities and Subjectivity
10: The Provocation of Time
