Valuation Calculations: 101 Worked Examples

This new second edition has been updated to reflect the Red Book 7th edition and latest RICS guidance. Real estate valuation requires skill, judgment and experience. There is no prescriptive way in which to value any property: the approach is down to the valuer. This book demystifies the number crunching and provides fresh ideas for new approaches - providing an essential resource for anyone involved with real estate valuation at any level, whether as a student, practitioner or client. The 101 worked examples illustrate many different scenarios a valuer may encounter and the different techniques that can be employed. Each calculation is clearly set out, and the jargon-free commentary highlights points of interest and danger areas. This new 2nd edition edition features the latest changes in best practice. Covering updates you need to follow to be completely compliant, including: - Latest RICS guidance on depreciated replacement costs (DRC) and obsolescence - further examination of synergistic value and new calculations - Latest changes to the RICS Valuation Standards 'the Red Book' 7th edition - Updates on VAT and SDLT changes - Improved Valuer's calculation crib sheet - additional calculations on leasehold properties, ground leases, particularly residential ground leases. The worked examples covers: - traditional investment valuations - discounted cashflows - Synergistic values - development appraisals - depreciated replacement cost and obsolesence - profits method and trading valuations.