It is now 25 years since the first edition of this book was written, and the objectives of the fifth edition remain the same as those of the first edition, that is to provide "an introduction to and general background reading for the subject of property valuation". It is directed not just at would be surveyors and valuers, but at all those who may be interested in getting an understanding of property valuation.
Introduction; Value; General; Qualities of investments; Investment opportunities; Property investment and the underlying factors of the market; Reasons for valuations; Legal interests in property; Features of property and the property market; Factors which cause changes in the value of property and variations in value between properties; The role of the valuer; Rates of interest and yields; Methods of valuation; Valuation tables and valuation formulae; The investment method of valuation; The valuation of varying incomes; The Valuation of terminable incomes; Taxation and valuation; Discounted cash flow techniques; The effect of statues; Taxation and property investment; Finance and gearing; The operation of property markets; Special considerations for valuers; Conclusion; Appendix
