Real Estate Appraisal (eBook)

Professor Sarah Sayce is Head of the School of Surveying at Kingston University in which capacity she is responsible for a suite of undergraduate and postgraduate programmes and for the research programmes. She is a Chartered Surveyor and after some years in practice she moved into teaching and research. She has published widely on many aspects of commercial property from portfolio management to leisure property and sustainability. Judy Smith is a Senior Lecturer in the School of Surveying at Kingston University where she is Field Leader fro the MSc in Real Estate. She lectures on both undergraduate and postgraduate courses specialising in property investment, valuations and IT applications. She is a Chartered Surveyor, joint author of Property Construction and Economics and is currently involved in researching a sustainable model of worth. Richard Cooper Richard Cooper is a Chartered Surveyor with experience in investment property analysis and appraisal for UK and Continental European property fund managers. He currently works for a UK based manager of pooled property funds. Piers Venmore-Rowland is a property appraisal and IT consultant and trainer. Having worked both as a stockbroker and as a Chartered Surveyor, he developed extensive property and financial knowledge. After some years in practice Piers become an academic and was Head of Department at City University before deciding to set up his own business. He is Visiting Professor at Kingston University.

Introduction

Introduction to the Purchase Decision

Property Investment: Placing Property Within The Multi-Asset Investment Spectrum

The Market Approach: Rental Value

Assessing Capital Value: analysing discount rates

Issues of Leasehold Appraisal

Structuring Investment Appraisals to Determine Investment Worth

Risk within the Appraisal and Worth Process

Occupational Property: decision making and appraisal

Funding and Financial Structures

Measuring Return

Handling Risk within the Portfolio

Forecasting

Appendix A. Valuation and Finance Formula.

Appendix B. Worked Examples in the Chapters: information on how to download spreadsheets from the web site