Property valuation: the five methods
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
London [u.a.]
Routledge
2008
|
| Ausgabe: | 2. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XV, 196 S. graph. Darst. |
| ISBN: | 9780415423250 9780415423267 |
Internformat
MARC
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| 100 | 1 | |a Scarrett, Douglas |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Property valuation |b the five methods |c Douglas Scarrett |
| 250 | |a 2. ed. | ||
| 264 | 1 | |a London [u.a.] |b Routledge |c 2008 | |
| 300 | |a XV, 196 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
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| 999 | |a oai:aleph.bib-bvb.de:BVB01-015960760 | ||
Datensatz im Suchindex
| _version_ | 1804137001842114560 |
|---|---|
| adam_text | Contents
List of figures
xi
List of tables
xii
Preface
xiii
Abbreviations
xiv
Acknowledgements
xvi
1
Setting the scene
1
Post-war development
2
The growth of property investment
3
The role of the valuer
5
The future
5
2
The overall investment market
7
Consumption and savings
7
The components of a sound investment
10
The source of investment funds
12
The range of investment opportunities
13
Fixed interest investments
13
Commercial investments
15
3
The property market
23
Introduction
23
Property as an investment
24
New voluntary code for lease terms
28
Residential property investment
29
Real estate investment trusts (REITs)
30
viii Contents
4
Valuation mathematics
31
Introduction
31
The formulae
32
Contemporary approaches
41
5
The determinants of value
43
Introduction
43
The physical entity
45
Contractual matters
-
lease terms
47
Interpretation of lease terms
49
The tenant s covenant
52
Outgoings
52
Yield
53
Service charges
54
Business tenancies
55
Residential tenancies
61
The planning framework
63
6
The comparative method
67
The approach to comparison
67
Aspects of value
68
Tenant selection
71
Analysis of transactions
72
Market evidence
72
Application to market sectors
73
Automated valuation
81
Summary
82
7
The valuation process
83
Ћге
traditional valuation approach
83
The all-risks yield approach
83
Freehold rack-rented investments
84
Freehold reversionary investments
87
Non-conforming property investments
95
Leasehold interests
97
Contemporary issues
101
Discounted cashflow
102
Competence in valuation
110
Summan·
112
Contents ix
8 The residual
method
-
the problem
115
Factors that could affect value
115
The basic approach
116
Widespread use
120
Summary
121
9
The residual method
-
the process
123
Value on completion
123
Development costs
124
Land value
128
Conclusion
137
10
The profits principle
139
Introduction
139
Description
140
The valuation approach
140
Situations where the principle may be used
141
Limitations
143
Business structures
144
The use of accounts
145
The divisible balance
147
Accounting standards
147
Turnover rents
148
Summary
148
11
The profits principle
-
final accounts
149
The treatment of assets in the final accounts
149
Performance indicators
149
Numerical examples
154
12
The contractor s test
159
Lack of market evidence
159
An alternative approach
160
The test
160
Approach to estimating costs
161
Adjustments to building costs
164
Cost of site
165
The outcome
166
Judicial guidance
166
Summary
172
χ
Contents
13 Application
of the contractor s test
173
Introduction
173
Examples
173
Appendix A: Edited extract from Spon s Architects
and Builders Price Book
185
Further reading
187
Index of statutes and statutory instruments
189
Index of cases
191
Subject index
193
|
| adam_txt |
Contents
List of figures
xi
List of tables
xii
Preface
xiii
Abbreviations
xiv
Acknowledgements
xvi
1
Setting the scene
1
Post-war development
2
The growth of property investment
3
The role of the valuer
5
The future
5
2
The overall investment market
7
Consumption and savings
7
The components of a sound investment
10
The source of investment funds
12
The range of investment opportunities
13
Fixed interest investments
13
Commercial investments
15
3
The property market
23
Introduction
23
Property as an investment
24
New voluntary code for lease terms
28
Residential property investment
29
Real estate investment trusts (REITs)
30
viii Contents
4
Valuation mathematics
31
Introduction
31
The formulae
32
Contemporary approaches
41
5
The determinants of value
43
Introduction
43
The physical entity
45
Contractual matters
-
lease terms
47
Interpretation of lease terms
49
The tenant's 'covenant'
52
Outgoings
52
Yield
53
Service charges
54
Business tenancies
55
Residential tenancies
61
The planning framework
63
6
The comparative method
67
The approach to comparison
67
Aspects of value
68
Tenant selection
71
Analysis of transactions
72
Market evidence
72
Application to market sectors
73
Automated valuation
81
Summary
82
7
The valuation process
83
Ћге
traditional valuation approach
83
The all-risks yield approach
83
Freehold rack-rented investments
84
Freehold reversionary investments
87
Non-conforming property investments
95
Leasehold interests
97
Contemporary issues
101
Discounted cashflow
102
Competence in valuation
110
Summan·
112
Contents ix
8 The residual
method
-
the problem
115
Factors that could affect value
115
The basic approach
116
Widespread use
120
Summary
121
9
The residual method
-
the process
123
Value on completion
123
Development costs
124
Land value
128
Conclusion
137
10
The profits principle
139
Introduction
139
Description
140
The valuation approach
140
Situations where the principle may be used
141
Limitations
143
Business structures
144
The use of accounts
145
The divisible balance
147
Accounting standards
147
Turnover rents
148
Summary
148
11
The profits principle
-
final accounts
149
The treatment of assets in the final accounts
149
Performance indicators
149
Numerical examples
154
12
The contractor's test
159
Lack of market evidence
159
An alternative approach
160
The test
160
Approach to estimating costs
161
Adjustments to building costs
164
Cost of site
165
The outcome
166
Judicial guidance
166
Summary
172
χ
Contents
13 Application
of the contractor's test
173
Introduction
173
Examples
173
Appendix A: Edited extract from Spon's Architects'
and Builders' Price Book
185
Further reading
187
Index of statutes and statutory instruments
189
Index of cases
191
Subject index
193 |
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| index_date | 2024-07-02T18:32:21Z |
| indexdate | 2024-07-09T21:05:21Z |
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| isbn | 9780415423250 9780415423267 |
| language | English |
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| spelling | Scarrett, Douglas Verfasser aut Property valuation the five methods Douglas Scarrett 2. ed. London [u.a.] Routledge 2008 XV, 196 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Real property Valuation Immobilienbewertung (DE-588)4127531-7 gnd rswk-swf Methode (DE-588)4038971-6 gnd rswk-swf (DE-588)4123623-3 Lehrbuch gnd-content Immobilienbewertung (DE-588)4127531-7 s Methode (DE-588)4038971-6 s DE-604 Erscheint auch als Online-Ausgabe 978-0-203-96181-0 Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015960760&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Scarrett, Douglas Property valuation the five methods Real property Valuation Immobilienbewertung (DE-588)4127531-7 gnd Methode (DE-588)4038971-6 gnd |
| subject_GND | (DE-588)4127531-7 (DE-588)4038971-6 (DE-588)4123623-3 |
| title | Property valuation the five methods |
| title_auth | Property valuation the five methods |
| title_exact_search | Property valuation the five methods |
| title_exact_search_txtP | Property valuation the five methods |
| title_full | Property valuation the five methods Douglas Scarrett |
| title_fullStr | Property valuation the five methods Douglas Scarrett |
| title_full_unstemmed | Property valuation the five methods Douglas Scarrett |
| title_short | Property valuation |
| title_sort | property valuation the five methods |
| title_sub | the five methods |
| topic | Real property Valuation Immobilienbewertung (DE-588)4127531-7 gnd Methode (DE-588)4038971-6 gnd |
| topic_facet | Real property Valuation Immobilienbewertung Methode Lehrbuch |
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