Property Investment Appraisal

This book provides an insightful examination of the property investment appraisal process from leaders in the industry, explaining the process of estimating the most likely selling price and the worth of property investments to individuals or groups of investors. Valuations are important for measuring investment performance and influencing investors and market operators. The authors provide a valuable critique of conventional valuation methods and argue for the adoption of more contemporary cash-flow methods. The Fourth Edition includes new material on development appraisals, bank lending valuations, discounted cash flow models, and the measurement and analysis of risk at an individual property asset level.

Format: Paperback / softback
Length: 320 pages
Publication date: 04 February 2021
Publisher: John Wiley & Sons Inc

This comprehensive book delves into the intricate process of property investment appraisal, encompassing both the estimation of market value and investment value for individuals or groups of investors. Valuations hold immense significance as they serve as a proxy for transactions, measuring the performance of investments and influencing decision-making among investors and market participants. The trust and credibility of valuations are crucial, necessitating rational and objective solutions from valuers. Moreover, appraisals of worth are particularly vital in determining appropriate prices for assets, especially during challenging times, and can indicate market imbalances.

In a user-friendly style, the authors present a valuable critique of conventional valuation methods and advocate for the adoption of more contemporary cash-flow approaches. They elucidate the construction of valuation models and offer practical examples throughout, demonstrating how these models connect market valuations with rational appraisals.

Since the first edition of this book was published in 1988, the UK property investment market has experienced periods of both boom and bust. Consequently, the Fourth Edition includes a wealth of new material, including comprehensive chapters on development appraisals and bank lending valuations. The authors meticulously examine various market scenarios, including complex reversions, over-rented properties, and leaseholds, providing valuable insights for both students and practitioners.

This book is a valuable resource for anyone interested in the field of property investment appraisal, offering a comprehensive and up-to-date understanding of the valuation process and its practical applications.

Weight: 602g
Dimension: 171 x 243 x 20 (mm)
ISBN-13: 9781118399552
Edition number: 4th Edition