Property Valuation: In an Economic Context

“With extensive use of examples the book provides, in a single text, all that postgraduate students need on valuation courses.”
— Building Engineer, December 2007

This book focuses on the valuation of commercial and industrial property across investment, development and occupier markets – these three sectors are interrelated and their analysis forms the backbone of the text.

It is structured from the client perspective – investors, occupiers and developers and focuses on single-asset pricing, risk and return issues. The author considers valuation from the standpoint of market participants because they are responsible for commissioning valuations.

Property Valuation in an economic context introduces valuation activities from a broad economic perspective and combines its academic and practical roots. With extensive use of examples the book provides, in a single text, all that postgraduate students need on valuation courses. Its user-friendly and accessible format, using tried-and-tested teaching and learning devices and a clear writing style, makes it equally accessible to undergraduate students.

Chapter 1 places the real estate market and its various sectors in an economic context. Chapters 2 and 3 identify the basic principles of valuation, introducing the process and a broad range of methods. Chapters 4, 5 and 6 are concerned with the application of valuation techniques to the occupation, investment and development sectors of the market for business property. Although the focus is market valuation rather than worth appraisal, Chapter 7 considers how property valuation fits into an appraisal context.