The Income Approach to Property Valuation

8. Auflage 2025
ISBN: 978-1-032-77868-6
Verlag: Taylor & Francis Ltd

Buch, Englisch, 514 Seiten, Format (B × H): 174 mm x 246 mm

A classic textbook that has guided generations of students through the intricacies of property valuation receives a twist and a makeover in the hands of two new authors and under continuity editorship of one of the previous authors.

The Income Approach to Property Valuation has always been a firm favourite with undergraduate and postgraduate students and teachers. This new edition has a refreshingly contemporary focus and a more international reach, thoroughly updated and with new directions to meet the increasingly international perspectives of current real estate students. The links between theory and practice are further reinforced with updated and new case studies and exhaustive examples and problems with worked examples.

The Income Approach to Property Valuation facilitates understanding in:

- How to fully analyse market rents, sales prices, and trends to derive market evidence to support an opinion of market value

- The investment method(s) of valuation and how to apply them to a wide variety of situations

- How specific internal and external factors impact on risk, value, and security of income

- A range of valuation methods and how and when to apply them

- The use of Excel formulae and how to apply them to the income approach

- The expectations of valuers and the professional frameworks they operate within

- And contemporary issues and their impact on valuations

This extensively revised and extended new edition is perfect for both real estate students worldwide and professional candidates working towards career enhancement, including the assessment of professional competence (APC) for the Royal Institution of Chartered Surveyors.

Zielgruppe

Professional Reference, Undergraduate Advanced, and Undergraduate Core

Autoren/Hrsg.

Batista Da Silva, Fernanda Antunes

Nunnington, Nick

Dimopoulos, Thomas

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Anlagen & Wertpapiere
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Versicherungswirtschaft
• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Immobilienwirtschaft
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft
• Technische Wissenschaften Bauingenieurwesen Baukonstruktion, Baufachmaterialien
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen

Inhaltsverzeichnis

ACRONYMS

PREFACE

PART I:

CORE FRAMEWORKS, CONCEPTS, MATHEMATICS AND TECHNIQUES

Chapter 1: Introduction

Chapter 2: Legal and taxation frameworks

Chapter 3: Investment Property

Chapter 4: Market analysis

Chapter 5: Expectations of valuers

Chapter 6: Valuation Mathematics

PART II – VALUATION METHODS

Chapter 7: The comparison method

Chapter 8: The investment method

Chapter 9: The profits method

Chapter 10: The residual method and development appraisals

Chapter 11: The cost method

PART III – ADVANCED TOPICS AND APPLICATIONS OF VALUATION METHODS

Chapter 12: Automated valuation models

Chapter 13: Contemporary impacts on markets and values

Chapter 14: Evaluating valuers

PART IV - CASE STUDIES, ILLUSTRATIVE REPORTS AND SOLUTIONS

• Case Study 1

• Case Study 2

• Appendix A Illustrative investment property purchase report

• Appendix B Illustrative development site appraisal report

• Appendix C Solutions to Questions in Chapters

Über Autor(innen)

Nick Nunnington is a visiting professor of corporate real estate at Nottingham Trent University and an assistant professor at Neapolis University Paphos. He worked for many years at Sheffield Hallam University, before moving to Abu Dhabi to become an associate vice provost for the 17 colleges of the Higher Colleges of Technology across the United Arab Emirates. He also developed and taught real estate courses at the University of Adelaide. Nick is a now a founder of the PropTech start-up Workplaced (www.workplaced.com), which delivers solutions to maximise productive hybrid workplace strategies.

Thomas Dimopoulos holds a PhD from Cyprus University of Technology, a MEng in rural and surveying engineering from Aristotle University of Thessalonica, and an MSc in real estate from Oxford Brookes University. He is an assistant professor and the head of the Real Estate Department at Neapolis University Paphos. He is also the director and founder of AXIA Chartered Surveyors, a firm that is practicing property valuations in Cyprus, and the director and founder of Real Geosolutions, a firm that is offering GIS, AVM, and PropTech solutions. He was appointed to the European Board of IVSC (International Valuation Standards Council) in January 2020 and remains an active participant. He was the chairman of RICS Cyprus from 2017 until 2022 and is a member of the board of the Association of Property Valuers in Cyprus. Before AXIA, he worked in several companies in Cyprus and abroad. He has also published several articles in accredited international journals. His research and publications focus on property valuation methodologies, property taxation, geospatial data analysis, and mass appraisals with the use of artificial intelligence and machine learning techniques.

Fernanda Antunes Batista da Silva holds a PhD in real estate from the University of Aberdeen and an MSc in real estate from the University of Reading. She is an associate lecturer at the University College of Estate Management and a visiting lecturer at Neapolis University Paphos. Her research focuses on flexible workspaces, commercial real estate investment, property valuation, and corporate real estate. Previously, she was the course leader for the MSc in property development and planning at Nottingham Trent University, where she led valuation modules and contributed to investment-related modules at both undergraduate and postgraduate levels. Earlier in her career, she worked as a valuer for financial institutions in Brazil.