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Income Approach to Property Valuation 8th edition [Hardback]

  • Formāts: Hardback, 494 pages, height x width: 246x174 mm, 98 Line drawings, black and white; 13 Halftones, color; 13 Illustrations, color; 98 Illustrations, black and white
  • Izdošanas datums: 30-Sep-2025
  • Izdevniecība: Routledge
  • ISBN-10: 1032790709
  • ISBN-13: 9781032790701
  • Formāts: Hardback, 494 pages, height x width: 246x174 mm, 98 Line drawings, black and white; 13 Halftones, color; 13 Illustrations, color; 98 Illustrations, black and white
  • Izdošanas datums: 30-Sep-2025
  • Izdevniecība: Routledge
  • ISBN-10: 1032790709
  • ISBN-13: 9781032790701

The 8th edition of the longstanding and reputable textbook The Income Approach to Property Valuation elevates its practicality, broadens its international appeal, and cements its market leading status by incorporating the latest advancements in AI, PropTech and data analysis.

The real estate world has changed significantly since the 7th edition. Accelerated by the pandemic, the occupation of real estate, the way end users interact with property and the way in which it is funded and managed have shifted significantly. The new edition is a comprehensive guide that explores various aspects of property valuation and investment in the context of the wider, international real estate market. It still introduces the basic frameworks, financial and investment approaches, and methodologies as it has always done, but with a much more hands on, explorative approach. The latter part of the book now focuses on how to evaluate the market circumstances, global, regional, and local influences and the social, political, economic, and technological impacts that shape the numbers to be entered into a valuation.

Other key features of this groundbreaking new edition include:

· A chapter dedicated to "Automated Valuation Models" (AVMs) and Computer-Assisted Mass Appraisal (CAMA) systems, highlighting their growing significance in the valuation process

· The inclusion of practical case studies, such as hotels and business valuation, adding a real-world dimension to the book, illustrating how various valuation methods are applied in different scenarios

· Practical consideration of Environmental, Social, and Governance (ESG) factors on property valuation

No other valuation textbook provides such a challenging, refreshing, and disruptive approach to teaching students how to generate reliable and robust valuations. The new edition of The Income Approach to Property Valuation is core reading for real estate and property valuation and appraisal classes the world over.



The 8th edition of the longstanding and reputable textbook The Income Approach to Property Valuation elevates its practicality, broadens its international appeal, and cements its market leading status by incorporating the latest advancements in AI, PropTech and data analysis.

ACRONYMS

PREFACE

PART I :

CORE FRAMEWORKS, CONCEPTS, MATHEMATICS AND TECHNIQUES

Chapter 1: Introduction

Chapter 2: Legal and taxation frameworks

Chapter 3: Investment Property

Chapter 4: Market analysis

Chapter 5: Expectations of valuers

Chapter 6: Valuation Mathematics

PART II VALUATION METHODS

Chapter 7: The comparison method

Chapter 8: The investment method

Chapter 9: The profits method

Chapter 10: The residual method and development appraisals

Chapter 11: The cost method

PART III ADVANCED TOPICS AND APPLICATIONS OF VALUATION METHODS

Chapter 12: Automated valuation models

Chapter 13: Contemporary impacts on markets and values

Chapter 14: Evaluating valuers

PART IV - CASE STUDIES, ILLUSTRATIVE REPORTS AND SOLUTIONS

Case Study 1

Case Study 2

Appendix A Illustrative investment property purchase report

Appendix B Illustrative development site appraisal report

Appendix C Solutions to Questions in
Chapters
Nick Nunnington is a visiting professor of corporate real estate at Nottingham Trent University and an assistant professor at Neapolis University Paphos. He worked for many years at Sheffield Hallam University, before moving to Abu Dhabi to become an associate vice provost for the 17 colleges of the Higher Colleges of Technology across the United Arab Emirates. He also developed and taught real estate courses at the University of Adelaide. Nick is a now a founder of the PropTech start-up Workplaced (www.workplaced.com), which delivers solutions to maximise productive hybrid workplace strategies.



Thomas Dimopoulos holds a PhD from Cyprus University of Technology, a MEng in rural and surveying engineering from Aristotle University of Thessalonica, and a MSc in real estate from Oxford Brookes University. He is an assistant professor and head of the Real Estate Department at Neapolis University Paphos. He is also the director and founder of AXIA Chartered Surveyors, a firm that is practicing property valuations in Cyprus, and the director and founder of Real Geosolutions, a firm that is offering GIS, AVM, and PropTech solutions. He was appointed to the European Board of IVSC (International Valuation Standards Council) in January 2020 and remains an active participant. He was chairman of RICS Cyprus from 2017 until 2022 and was a member of the board of the Association of Property Valuers in Cyprus. Before AXIA he worked in several companies in Cyprus and abroad. He has also published several articles in accredited international journals. His research and publications focus on property valuation methodologies, property taxation, geospatial data analysis, and mass appraisals with the use of artificial intelligence and machine learning techniques.

Fernanda Antunes holds a PhD in Real Estate from the University of Aberdeen and an MSc in Real Estate from the University of Reading. She is an associate lecturer at the University College of Estate Management and a visiting lecturer at Neapolis University Paphos. Her research focuses on flexible workspaces, commercial real estate investment, property valuation, and corporate real estate. Previously, she was the Course Leader for the MSc in Property Development and Planning at Nottingham Trent University, where she led valuation modules and contributed to investment-related modules at both undergraduate and postgraduate levels. Earlier in her career, she worked as a valuer for financial institutions in Brazil.