Commercial property valuation : methods and case studies

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 Investments -- Development 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 Market -- Rental 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.