Год выпуска: 2007 Автор: A. E. Baum Издательство: Страниц: 328 ISBN: 9781405135559
Описание
This book explains the process of property investment appraisal – estimating both the most likely selling price (market value) and the worth of property investments to individual or groups of investors (investment value). Valuations are important: they are used as a surrogate for transactions in the construction of investment performance and they influence investors and other market operators when transacting property. Valuations need to be trusted by their clients and valuers therefore need to produce rational and objective solutions. In a style that makes the theory as well as the practice of valuation accessible to students and practitioners, the authors provide a valuable critique of conventional valuation methods and argue for the adoption of more contemporary cash–flow methods. They explain how such valuation models are constructed and give useful examples throughout. The UK property investment market has been through periods of both boom...
