Modern Methods of Valuation
Estates Gazette – 2009
* Gives clear understanding of the methods and techniques of valuation
* Latest statutes and case law affecting valuation
* Core text for students and essential reference for practitioners
Despite the volatility in the world’s financial and property markets the principles underpinning valuation methods have remained fundamentally unchanged.
In this new edition the sections on methods have been revised and updated to provide a comprehensive coverage of both their principles and their application. More significantly new and amended statutes and case law precedents which have affected various aspects of statutory valuations are included. These changes have been incorporated in the revisions to chapters dealing with Commercial Property, Leasehold Enfranchisement, Rating, Compulsory Purchase and other statutory applications.
The 10th edition maintains the aims and objectives of all previous editions: to support students with its comprehensive coverage of the legal, economic and technical aspects of valuation required by most University and College Real Estate Programmes and to provide trainees (APC Candidates) and practitioners with current and relevant guidance on the preparation of valuations for statutory purposes.
Preface; 1.Principles of value; 2.Methods of valuation;3.Interests of land; 4.Direct value comparison; 5.Rental value; 6.Outgoings; 7.Yield; 8.The mathematics of valuation tables;
9.Investment method - application and use of valuation tables; 10.Discounted cash flow; 11.Residual method of valuation; 12.Developments in valuation methods; 13.Some practical points; 14.Principles of the law of town and country planning; 15.Principles of the law of compulsory purchase and compensation; 16.Development properties;17.Residential properties; 18.Commercial properties (1) - Landlord and Tenant Acts and rent reviews; 19.Commercial properties (2) - types of property;20.Valuations of company assets: depreciated replacement cost; mortgages and loans; and fire insurance;21.Valuations for rating; 22.Taxation;23.Compensation under the Town and Country Planning Acts - revocation, modification and discontinuance orders, etc; 24.Compensation under the Town and Country Planning Acts - purchase notices; 25.Compensation under the Town and Country Planning Acts - blight notices; 26.Compulsory purchase compensation - compensation for land taken; 27.Compulsory purchase compensation - compensation for injurious affection; 28.Compulsory purchase compensation - compensation for disturbance; Index