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Commercial property valuation : methods and case studies /

A practical guide to the best approaches for commercial real estate value assessment Commercial Property Valuation provides a comprehensive examination of principles and methods of determining the accurate value of commercial assets. This invaluable resource covers all key elements of commercial pro...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Morri, Giacomo, 1975- (Autor), Benedetto, Paolo, 1984- (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Chichester, West Sussex, United Kingdom : John Wiley & Sons, Ltd, 2019.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover; Title Page; Copyright; Contents; About the Authors; Foreword; Foreword; Preface; Chapter 1 Introduction to Property Valuation; Determining the Valuation Requirement; The Subject of the Valuation; Purpose of the Valuation; Value to Be Estimated; Valuation Date; Definitions of Value; Market Value; Investment Value; Valuation Associations, Codes and Standards; Notes; Chapter 2 Economic Characteristics and Elements of Risks of Properties; Characteristics of Property Investments; Building and Land; Use of Space and Investment Asset; Owners and Users; Business Perspective; Location
  • Categories of Property InvestmentsDevelopment Projects; Income-Producing Properties; Trading Operations; Skills in Asset and Investment Management; Economic Classification of Properties; Property Classification Criteria; Macro Categories of Properties; A Simple Definition of Risk; Common Risk Elements in Real Estate Investment; Capital Market; Liquidity; Financial Structure; Regulatory; Location; Intended Use and Type of Properties; Development Projects; Authorisation; Environmental; Construction-Related; Market; Income-Producing Properties; Physical and Technical Features
  • Management and MarketRental and Contractual Situation; Notes; Chapter 3 Market Analysis; Economic Analysis; Analysis of the Property Market; Comparative Data and Valuation Method; Characteristics of the Comparative Factors and Information Sources; Notes; Chapter 4 A New Simple Classification of Valuation Methods; Choice of Valuation Method; Depreciated Cost Approach Methods; Introduction; Description; Use, Advantages, and Limitations of the Depreciated Cost Approach; Notes; Chapter 5 Sales Comparison Approach Methods; Approach and Application Criteria; Direct Comparison Approach
  • Hedonic Pricing ModelNotes; Chapter 6 Income Capitalisation Comparison Approach Methods; Approach and Application Criteria; Direct Capitalisation Approach; The Direct Capitalisation Approach Calculation Algorithm; Profit and Loss Account of an Income-Producing Property; Use, Advantages, and Limitations of the Direct Capitalisation Approach; Application of the Direct Capitalisation Approach; Discounted Cash Flow Approach; Choosing the Time Horizon; Estimating the Cash Flows; Estimating the Terminal Value; Discounting the Cash Flows and Calculating the Asset Value
  • Use, Advantages, and Limitations of the Discounted Cash Flow ApproachResidual Value Methods; Introduction; Single Period Residual Value Approach; Multiple Periods Residual Value Approach; Notes; Chapter 7 Property Return Rates; Measuring the Return on a Property Investment; Rates and Capital Market; Cap Rate; Definition and Description of the Cap Rate; Going-In and Going-Out Cap Rate; Discount Rate; Definition and Description of the Discount Rate; Consistency Between Discount Rate and Cash Flow; The Components of the Discount Rate; How to Estimate Property Return Rates; Market Extraction