David Isaac is a Chartered Surveyor and Chartered Builder who came from a background in economics and business studies into the property profession. He has some twenty years of experience in property development, finance and valuation and has project-managed a number of development schemes. For many years now he has been involved in property consultancy, education and research at the University of Greenwich, UK, where he is currently Professor of Real Estate Management, Head of Property and Land Management and Director of Research in the SchooL of Architecture and Construction. John O'Leary is Lecturer at the University of Greenwich School of Architecture and Construction, UK. He is a Chartered Surveyor and worked as a planning consultant for architectural practices prior to becoming a Lecturer.

• 1. Introduction2. Traditional Method of Investment Valuation3. Discounted Cash Flow4. Interest Rates and Yields5. Equated Yields6. Hardcore Method7. Equivalent Yields8. Equated Rents9. Rent Payments10. Taxation11. Risk12. Problems of Leasehold Valuation13. Contemporary Methods of Valuation14. Development Valuations and the Cash Flow Approach15. Computer Models and the Use of Spreadsheets16. Financial Appraisal Techniques17. New Directions.

'A comprehensive and insightful text which offers a strong explanation of all aspects of valuation theory supported by coherent and practical valuation examples. An essential read for all property valuation students but also provides indispensable background reading for practitioners and property advisors alike.' - Louise Kirsten, Programme Manager in Real Estate Management, Liverpool John Moores University, UK

David Isaac is a Chartered Surveyor and Chartered Builder who came from a background in economics and business studies into the property profession. He has some twenty years of experience in property development, finance and valuation and has project-managed a number of development schemes. For many years now he has been involved in property consultancy, education and research at the University of Greenwich, UK, where he is currently Professor of Real Estate Management, Head of Property and Land Management and Director of Research in the SchooL of Architecture and Construction. John O'Leary is Lecturer at the University of Greenwich School of Architecture and Construction, UK. He is a Chartered Surveyor and worked as a planning consultant for architectural practices prior to becoming a Lecturer.

• 1. Introduction2. Traditional Method of Investment Valuation3. Discounted Cash Flow4. Interest Rates and Yields5. Equated Yields6. Hardcore Method7. Equivalent Yields8. Equated Rents9. Rent Payments10. Taxation11. Risk12. Problems of Leasehold Valuation13. Contemporary Methods of Valuation14. Development Valuations and the Cash Flow Approach15. Computer Models and the Use of Spreadsheets16. Financial Appraisal Techniques17. New Directions.

'A comprehensive and insightful text which offers a strong explanation of all aspects of valuation theory supported by coherent and practical valuation examples. An essential read for all property valuation students but also provides indispensable background reading for practitioners and property advisors alike.' - Louise Kirsten, Programme Manager in Real Estate Management, Liverpool John Moores University, UK

David Isaac is a Chartered Surveyor and Chartered Builder who came from a background in economics and business studies into the property profession. He has some twenty years of experience in property development, finance and valuation and has project-managed a number of development schemes. For many years now he has been involved in property consultancy, education and research at the University of Greenwich, UK, where he is currently Professor of Real Estate Management, Head of Property and Land Management and Director of Research in the SchooL of Architecture and Construction. John O'Leary is Lecturer at the University of Greenwich School of Architecture and Construction, UK. He is a Chartered Surveyor and worked as a planning consultant for architectural practices prior to becoming a Lecturer.

• 1. Introduction2. Traditional Method of Investment Valuation3. Discounted Cash Flow4. Interest Rates and Yields5. Equated Yields6. Hardcore Method7. Equivalent Yields8. Equated Rents9. Rent Payments10. Taxation11. Risk12. Problems of Leasehold Valuation13. Contemporary Methods of Valuation14. Development Valuations and the Cash Flow Approach15. Computer Models and the Use of Spreadsheets16. Financial Appraisal Techniques17. New Directions.

'A comprehensive and insightful text which offers a strong explanation of all aspects of valuation theory supported by coherent and practical valuation examples. An essential read for all property valuation students but also provides indispensable background reading for practitioners and property advisors alike.' - Louise Kirsten, Programme Manager in Real Estate Management, Liverpool John Moores University, UK