Property Valuation - Paperback

by Peter Wyatt (Author)

PROPERTY VALUATION

The new edition of the popular 'all-in-one' textbook on the valuation and appraisal of property, offering a more international perspective on valuation practice

Property Valuation provides a comprehensive examination of property valuation principles, methods, issues and applications of the valuation and appraisal of commercial and industrial property across investment, development and occupier markets. With a clear writing style, this easily accessible textbook presents valuation from the client perspective, offering balanced coverage of the theory and practice of single-asset pricing, risk and return issues.

The updated third edition reflects significant developments that have occurred in valuation over the past several years, particularly the expanding internationalisation of the valuation profession and the growing interest in valuation practice in emerging economies. Greater emphasis is placed on international content and context, such as the challenges of real estate asset valuation in countries with developing market economies, to offer a more global view of valuation practice. Throughout this edition, chapters link the most recent academic research to practical applications, incorporate the latest professional guidelines and standards and address land and property taxation, compulsory acquisition of land, the valuation of non-market goods and services and key valuation challenges with a more international perspective.

• Addresses the key challenges faced by valuation professionals in a single, up-to-date volume
• Combines academic coverage of principles with practical coverage of valuation applications
• Incorporates consideration of non-market value, including countries where land is seldom sold yet has social and environmental value
• Contains a wealth of well-developed worked examples and classroom-proven teaching and learning devices
• Includes access to a companion website with supporting material for students and lecturers

Property Valuation, Third Edition is an excellent textbook for advanced undergraduate and graduate courses including real estate finance, real estate economics, property surveying, valuation and land economics in the UK, Europe and North America. It is also a valuable resource for early-career practitioners preparing for professional competency assessments as well as those studying property valuation and appraisal in developing countries and emerging economies.

Back Jacket

The new edition of the popular 'all-in-one' textbook on the valuation and appraisal of property, offering a more international perspective on valuation practice

Property Valuation provides a comprehensive examination of property valuation principles, methods, issues and applications of the valuation and appraisal of commercial and industrial property across investment, development and occupier markets. With a clear writing style, this easily accessible textbook presents valuation from the client perspective, offering balanced coverage of the theory and practice of single-asset pricing, risk and return issues.

The updated third edition reflects significant developments that have occurred in valuation over the past several years, particularly the expanding internationalisation of the valuation profession and the growing interest in valuation practice in emerging economies. Greater emphasis is placed on international content and context, such as the challenges of real estate asset valuation in countries with developing market economies, to offer a more global view of valuation practice. Throughout this edition, chapters link the most recent academic research to practical applications, incorporate the latest professional guidelines and standards and address land and property taxation, compulsory acquisition of land, the valuation of non-market goods and services and key valuation challenges with a more international perspective.

• Addresses the key challenges faced by valuation professionals in a single, up-to-date volume
• Combines academic coverage of principles with practical coverage of valuation applications
• Incorporates consideration of non-market value, including countries where land is seldom sold yet has social and environmental value
• Contains a wealth of well-developed worked examples and classroom-proven teaching and learning devices
• Includes access to a companion website with supporting material for students and lecturers

Property Valuation, Third Edition is an excellent textbook for advanced undergraduate and graduate courses including real estate finance, real estate economics, property surveying, valuation and land economics in the UK, Europe and North America. It is also a valuable resource for early-career practitioners preparing for professional competency assessments as well as those studying property valuation and appraisal in developing countries and emerging economies.

Author Biography

Peter Wyatt is a Chartered Valuation Surveyor and Professor of Real Estate Appraisal in the Department of Real Estate & Planning at the Henley Business School, University of Reading, UK. He has developed and delivered national and international university programmes at all levels and led national, European, and international real estate research projects. His recent work with UK Government investigated the theory and practice of development viability appraisal in planning policy, and current work with the UN is focusing on the valuation of unregistered land.