Summary

This practical book presents a step-by-step guide to the latest techniques of real estate analysis and valuation. It carefully unfolds the valuation and property analysis process and guides valuers to the attainment of their objective - price prediction. The book provides a strong intellectual skills base, and helps enhance problem-solving skills. Newly updated, the second edition: Has a more complete treatment of the method of hypothetical development, Uses questions and assignments in selected chapters to reinforce important points, Discusses the limitations on the use of the weighted average cost of capital, Gives a more formal treatment to the necessity of conducting scenario analyses prior to discounted cash flow analyses, and Further emphasises the imperative of valuers' making a logical connection between comparable sales and the final value estimate.