{"product_id":"property-valuation-isbn-9781119968658","title":"Property Valuation","description":"\u003cp\u003eThis new edition of the ‘all in one' textbook for the postgraduate study of valuation on real estate courses retains its focus on the valuation and appraisal of commercial and industrial property across investment, development and occupier markets. It is structured from the client perspective  and covers single-asset pricing, risk and return issues.\u003c\/p\u003e \u003cp\u003eThe structure of the book has been substantially revised. Part A introduces the key microeconomic principles, focussing on land as a resource, production functions, supply and demand and price determination.  The locational aspect of real estate is also introduced.  Macroeconomic considerations are categorised by the main market sectors (and their function); the market for land (development), for space (occupation) and for money (investment).  The economic context is set and the author then explains why property valuations are required and discusses the main determinants of value and how they might be identified. The mathematics required to financially quantify value determinants are also introduced. Part B of the book describes the methods of valuation; Part C applies these methods to the valuation of a range of property types for a wide variety of purposes; and Part D covers investment and development appraisal.\u003c\/p\u003e \u003cp\u003eThe author introduces valuation activities from a broad economic perspective, setting valuation in its business finance context and combining its academic and practical roots.  Changes in this second edition include:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eless daunting economics\u003c\/li\u003e \u003cli\u003eexpanded companion website with PowerPoint slides for lecturers, self-test Questions \u0026amp; Answers for students: see \u003ca href=\"http:\/\/www.wiley.com\/go\/wyattpropertyvaluation\"\u003ewww.wiley.com\/go\/wyattpropertyvaluation\u003c\/a\u003e\n\u003c\/li\u003e \u003cli\u003eup-to-date case studies and sample valuations\u003c\/li\u003e \u003cli\u003ereference to the newly-published \u003ci\u003eRed Book\u003c\/i\u003e (the valuer’s bible)\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eProperty Valuation\u003c\/i\u003e with its user-friendly format, using tried-and-tested teaching and learning devices and a clear writing style, remains the core text for students on real estate, estate management and land economy degree courses, as well as for fast-track conversion courses for non-cognate graduates.\u003c\/p\u003e  \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgements xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART A PROPERTY VALUE AND PROPERTY VALUATION 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Microeconomic Concepts 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Supply and demand, markets and equilibrium price determination 3\u003c\/p\u003e \u003cp\u003e1.2 The property market and price determination 6\u003c\/p\u003e \u003cp\u003e1.2.1 Rent for land 6\u003c\/p\u003e \u003cp\u003e1.2.2 Land use rents 8\u003c\/p\u003e \u003cp\u003e1.2.3 Land use intensity 12\u003c\/p\u003e \u003cp\u003e1.3 Location and land use 14\u003c\/p\u003e \u003cp\u003e1.4 The economics of property development 22\u003c\/p\u003e \u003cp\u003e1.4.1 Type and density of property development 22\u003c\/p\u003e \u003cp\u003e1.4.2 The timing of redevelopment 25\u003c\/p\u003e \u003cp\u003eNotes 28\u003c\/p\u003e \u003cp\u003eReferences 29\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Macroeconomic Considerations 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 The commercial property market 31\u003c\/p\u003e \u003cp\u003e2.2 Property occupation 33\u003c\/p\u003e \u003cp\u003e2.3 Property investment 34\u003c\/p\u003e \u003cp\u003e2.4 Property development 43\u003c\/p\u003e \u003cp\u003e2.5 Property and the wider economy 44\u003c\/p\u003e \u003cp\u003eReferences 48\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 What is Property Valuation 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Introduction 49\u003c\/p\u003e \u003cp\u003e3.2 The need for valuations 50\u003c\/p\u003e \u003cp\u003e3.2.1 Types of property to be valued 52\u003c\/p\u003e \u003cp\u003e3.2.2 Bases of value 57\u003c\/p\u003e \u003cp\u003e3.3 Determinants of value 60\u003c\/p\u003e \u003cp\u003e3.3.1 Property-specific factors 60\u003c\/p\u003e \u003cp\u003e3.3.2 Market-related factors 66\u003c\/p\u003e \u003cp\u003e3.4 Valuation procedures 69\u003c\/p\u003e \u003cp\u003e3.4.1 Terms of engagement 71\u003c\/p\u003e \u003cp\u003e3.4.2 Inspections and investigations 71\u003c\/p\u003e \u003cp\u003e3.4.3 Valuation report 73\u003c\/p\u003e \u003cp\u003e3.5 Measurement 73\u003c\/p\u003e \u003cp\u003eAppendix – Inspection checklist 76\u003c\/p\u003e \u003cp\u003eNotes 81\u003c\/p\u003e \u003cp\u003eReferences 81\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Valuation Mathematics 83\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Introduction 83\u003c\/p\u003e \u003cp\u003e4.2 The time value of money 84\u003c\/p\u003e \u003cp\u003e4.2.1 Single period investments 85\u003c\/p\u003e \u003cp\u003e4.2.2 Multi-period investments 86\u003c\/p\u003e \u003cp\u003e4.2.3 Tax 93\u003c\/p\u003e \u003cp\u003e4.3 Yields and rates of return 94\u003c\/p\u003e \u003cp\u003e4.3.1 Yields 95\u003c\/p\u003e \u003cp\u003e4.3.2 Rates of return 96\u003c\/p\u003e \u003cp\u003e4.3.3 Yields and rates of return 98\u003c\/p\u003e \u003cp\u003eReferences 99\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART B VALUATION METHODS 101\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Comparison Method 103\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Introduction 103\u003c\/p\u003e \u003cp\u003e5.2 Sources of data 104\u003c\/p\u003e \u003cp\u003e5.3 Comparison metrics 106\u003c\/p\u003e \u003cp\u003e5.3.1 Relative value of retail ground floor ‘zones’ 107\u003c\/p\u003e \u003cp\u003e5.4 Comparison adjustment 110\u003c\/p\u003e \u003cp\u003eReferences 114\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Investment Method 115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Introduction 115\u003c\/p\u003e \u003cp\u003e6.2 All-risks yield (ARY) methods 117\u003c\/p\u003e \u003cp\u003e6.2.1 Valuation of rack-rented freehold property investments 117\u003c\/p\u003e \u003cp\u003e6.2.2 Valuation of reversionary freehold property investments 119\u003c\/p\u003e \u003cp\u003e6.2.3 Valuation of leasehold property investments 127\u003c\/p\u003e \u003cp\u003e6.2.4 Example: ARY Investment method 134\u003c\/p\u003e \u003cp\u003e6.3 Discounted cash-flow (DCF) methods 135\u003c\/p\u003e \u003cp\u003e6.3.1 A discounted cash-flow valuation model 136\u003c\/p\u003e \u003cp\u003e6.3.2 Applying the DCF valuation model 142\u003c\/p\u003e \u003cp\u003eNotes 157\u003c\/p\u003e \u003cp\u003eReferences 157\u003c\/p\u003e \u003cp\u003eFurther reading 158\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Profits Method 161\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Introduction 161\u003c\/p\u003e \u003cp\u003e7.2 Method 162\u003c\/p\u003e \u003cp\u003e7.3 Example of a profits method valuation 166\u003c\/p\u003e \u003cp\u003e7.4 Summary 169\u003c\/p\u003e \u003cp\u003eNotes 170\u003c\/p\u003e \u003cp\u003eReferences 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Replacement Cost Method 171\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Introduction 171\u003c\/p\u003e \u003cp\u003e8.2 Method 172\u003c\/p\u003e \u003cp\u003e8.3 Application 178\u003c\/p\u003e \u003cp\u003e8.3.1 Valuation of an owner-occupied property for accounts purposes 178\u003c\/p\u003e \u003cp\u003e8.3.2 Valuation for insurance purposes 178\u003c\/p\u003e \u003cp\u003e8.4 Issues 178\u003c\/p\u003e \u003cp\u003e8.4.1 Definitional problems 179\u003c\/p\u003e \u003cp\u003e8.4.2 Methodological problems 181\u003c\/p\u003e \u003cp\u003e8.5 Summary 184\u003c\/p\u003e \u003cp\u003eNotes 185\u003c\/p\u003e \u003cp\u003eReferences 186\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Residual Method 187\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Introduction 187\u003c\/p\u003e \u003cp\u003e9.2 Conventional residual land valuation 188\u003c\/p\u003e \u003cp\u003e9.3 Problems with the residual method 199\u003c\/p\u003e \u003cp\u003e9.4 Cash-flow residual model 202\u003c\/p\u003e \u003cp\u003eReferences 206\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Automated Valuation Models and Computer-Assisted Mass Appraisal 207\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Introduction 207\u003c\/p\u003e \u003cp\u003e10.2 Method 207\u003c\/p\u003e \u003cp\u003e10.2.1 Simple linear regression (dependence of one metric variable on another) 208\u003c\/p\u003e \u003cp\u003e10.2.2 Multiple linear regression (dependence of one variable on two or more variables) 211\u003c\/p\u003e \u003cp\u003e10.3 Example 215\u003c\/p\u003e \u003cp\u003e10.3.1 Data 215\u003c\/p\u003e \u003cp\u003e10.3.2 Descriptive statistics 216\u003c\/p\u003e \u003cp\u003e10.3.3 Simple linear regression 216\u003c\/p\u003e \u003cp\u003e10.3.4 Multiple linear regression 220\u003c\/p\u003e \u003cp\u003e10.4 Multiple regression analysis: Research and applications 226\u003c\/p\u003e \u003cp\u003e10.4.1 Computer-assisted mass appraisal 228\u003c\/p\u003e \u003cp\u003e10.4.2 Automated valuation models 229\u003c\/p\u003e \u003cp\u003e10.5 Advantages and disadvantages of regression-based valuation 230\u003c\/p\u003e \u003cp\u003eNotes 231\u003c\/p\u003e \u003cp\u003eReferences 231\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART C VALUATION APPLICATIONS 233\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Lease Pricing 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Introduction 235\u003c\/p\u003e \u003cp\u003e11.2 Lease incentives 236\u003c\/p\u003e \u003cp\u003e11.2.1 Rent-free periods 237\u003c\/p\u003e \u003cp\u003e11.2.2 Capital contributions 241\u003c\/p\u003e \u003cp\u003e11.2.3 Premiums and reverse premiums 242\u003c\/p\u003e \u003cp\u003e11.3 Alternative lease arrangements 246\u003c\/p\u003e \u003cp\u003e11.3.1 Stepped rents 246\u003c\/p\u003e \u003cp\u003e11.3.2 Turnover rents 247\u003c\/p\u003e \u003cp\u003e11.3.3 Short leases and leases with break options 249\u003c\/p\u003e \u003cp\u003e11.4 Valuations at rent review, lease renewal and lease end 252\u003c\/p\u003e \u003cp\u003e11.4.1 Rent reviews 252\u003c\/p\u003e \u003cp\u003e11.4.2 Surrender and renewal of leases 253\u003c\/p\u003e \u003cp\u003e11.4.3 Compensation for disturbance and improvements 255\u003c\/p\u003e \u003cp\u003e11.4.4 Example 1 256\u003c\/p\u003e \u003cp\u003e11.4.5 Example 2 259\u003c\/p\u003e \u003cp\u003eNotes 262\u003c\/p\u003e \u003cp\u003eReferences 263\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 Valuations for Financial Statements and for Secured Lending Purposes 264\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Valuing property for financial statements 264\u003c\/p\u003e \u003cp\u003e12.1.1 Financial reporting standards and valuation bases 265\u003c\/p\u003e \u003cp\u003e12.2 Methods of valuing property assets for financial reporting purposes 272\u003c\/p\u003e \u003cp\u003e12.2.1 Example valuations 274\u003c\/p\u003e \u003cp\u003e12.3 Valuations for lending purposes where the loan is secured against commercial property 279\u003c\/p\u003e \u003cp\u003e12.3.1 Example 281\u003c\/p\u003e \u003cp\u003eNotes 285\u003c\/p\u003e \u003cp\u003eReferences 286\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 Valuations for Taxation Purposes 287\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 Capital gains tax and corporation tax 287\u003c\/p\u003e \u003cp\u003e13.1.1 Grant of a long lease out of a freehold or long leasehold interest 294\u003c\/p\u003e \u003cp\u003e13.1.2 Grant of a short lease out of a freehold or long leasehold interest 295\u003c\/p\u003e \u003cp\u003e13.1.3 Grant of a short lease out of a short leasehold interest 296\u003c\/p\u003e \u003cp\u003e13.2 Inheritance tax 297\u003c\/p\u003e \u003cp\u003e13.3 Business rates 299\u003c\/p\u003e \u003cp\u003e13.3.1 Rental comparison 302\u003c\/p\u003e \u003cp\u003e13.3.2 Profits method 303\u003c\/p\u003e \u003cp\u003e13.3.3 Contractor’s method 304\u003c\/p\u003e \u003cp\u003eNote 306\u003c\/p\u003e \u003cp\u003eReferences 306\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14 Valuations for Compulsory Purchase and Compensation 307\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14.1 Compensation for land taken (compulsorily acquired) 308\u003c\/p\u003e \u003cp\u003e14.2 Compensation for severance and injurious affection 311\u003c\/p\u003e \u003cp\u003e14.2.1 Compensation where part of an owner’s land is acquired 311\u003c\/p\u003e \u003cp\u003e14.2.2 Compensation where no land is taken 314\u003c\/p\u003e \u003cp\u003e14.3 Disturbance compensation 315\u003c\/p\u003e \u003cp\u003e14.3.1 Case study 316\u003c\/p\u003e \u003cp\u003e14.4 Planning compensation 317\u003c\/p\u003e \u003cp\u003e14.4.1 Revocation, modification and discontinuance orders 318\u003c\/p\u003e \u003cp\u003e14.4.2 Purchase notices and blight notices 318\u003c\/p\u003e \u003cp\u003e14.5 A note on CGT and compensation for compulsory acquisition 319\u003c\/p\u003e \u003cp\u003eNotes 320\u003c\/p\u003e \u003cp\u003eReferences 321\u003c\/p\u003e \u003cp\u003e\u003cb\u003e15 Specialist Valuations 322\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15.1 Operational entities or ‘trade-related’ properties 322\u003c\/p\u003e \u003cp\u003e15.1.1 Hotels, guest houses, bed \u0026amp; breakfast and self-catering accommodation 322\u003c\/p\u003e \u003cp\u003e15.1.2 Restaurants, public houses and nightclubs 324\u003c\/p\u003e \u003cp\u003e15.1.3 Care homes 328\u003c\/p\u003e \u003cp\u003e15.1.4 Petrol filling stations 330\u003c\/p\u003e \u003cp\u003e15.1.5 Student accommodation 331\u003c\/p\u003e \u003cp\u003e15.1.6 Serviced offices 332\u003c\/p\u003e \u003cp\u003e15.1.7 Data centres 335\u003c\/p\u003e \u003cp\u003e15.2 Valuation of contaminated land 335\u003c\/p\u003e \u003cp\u003e15.3 Synergistic value 339\u003c\/p\u003e \u003cp\u003e15.3.1 Physical merger 339\u003c\/p\u003e \u003cp\u003e15.3.2 Legal merger 339\u003c\/p\u003e \u003cp\u003e15.4 Special Purpose Valuations 340\u003c\/p\u003e \u003cp\u003e15.4.1 Charitable Valuations 340\u003c\/p\u003e \u003cp\u003e15.4.2 Local authority disposals of land for less than best consideration 341\u003c\/p\u003e \u003cp\u003eNotes 341\u003c\/p\u003e \u003cp\u003eReferences 342\u003c\/p\u003e \u003cp\u003e\u003cb\u003e16 Investment Valuations – Further Considerations 343\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16.1 Short leases and leases with break clauses 343\u003c\/p\u003e \u003cp\u003e16.2 Over-rented property investments 346\u003c\/p\u003e \u003cp\u003e16.3 Valuation accuracy, variance and uncertainty 349\u003c\/p\u003e \u003cp\u003e16.3.1 Valuation accuracy 349\u003c\/p\u003e \u003cp\u003e16.3.2 Valuation variance 350\u003c\/p\u003e \u003cp\u003e16.3.3 Valuation uncertainty 352\u003c\/p\u003e \u003cp\u003e16.3.4 Sensitivity analysis 353\u003c\/p\u003e \u003cp\u003e16.3.5 Scenario testing and discrete probability modelling 356\u003c\/p\u003e \u003cp\u003e16.3.6 Continuous probability modelling and simulation 359\u003c\/p\u003e \u003cp\u003e16.3.7 Arbitrage (tenant yield approach) 363\u003c\/p\u003e \u003cp\u003eNotes 368\u003c\/p\u003e \u003cp\u003eReferences 369\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART D APPRAISAL 371\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e17 Investment Appraisal 373\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e17.1 Introduction 373\u003c\/p\u003e \u003cp\u003e17.2 Appraisal information and assumptions 375\u003c\/p\u003e \u003cp\u003e17.2.1 Rent and rental growth 375\u003c\/p\u003e \u003cp\u003e17.2.2 Target rate of return 377\u003c\/p\u003e \u003cp\u003e17.2.3 Holding period 380\u003c\/p\u003e \u003cp\u003e17.2.4 Exit value 381\u003c\/p\u003e \u003cp\u003e17.3 Appraisal methodology 381\u003c\/p\u003e \u003cp\u003e17.3.1 Payback method 381\u003c\/p\u003e \u003cp\u003e17.3.2 Yield 382\u003c\/p\u003e \u003cp\u003e17.3.3 DCF methods of investment appraisal 383\u003c\/p\u003e \u003cp\u003e17.3.4 Example 393\u003c\/p\u003e \u003cp\u003e17.4 Risk analysis in property investment appraisal 395\u003c\/p\u003e \u003cp\u003e17.5 Financing property investment 398\u003c\/p\u003e \u003cp\u003eNotes 401\u003c\/p\u003e \u003cp\u003eReferences 401\u003c\/p\u003e \u003cp\u003e\u003cb\u003e18 Development Appraisal 403\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e18.1 Introduction 403\u003c\/p\u003e \u003cp\u003e18.2 Conventional residual profit appraisal 403\u003c\/p\u003e \u003cp\u003e18.2.1 Profit as a percentage of cost 405\u003c\/p\u003e \u003cp\u003e18.2.2 Development yield 406\u003c\/p\u003e \u003cp\u003e18.2.3 Criticisms 406\u003c\/p\u003e \u003cp\u003e18.3 Cash-flow profit appraisal 408\u003c\/p\u003e \u003cp\u003e18.3.1 Criticisms 412\u003c\/p\u003e \u003cp\u003e18.4 Development risk 413\u003c\/p\u003e \u003cp\u003e18.4.1 Risk analysis 414\u003c\/p\u003e \u003cp\u003e18.4.2 Risk management 427\u003c\/p\u003e \u003cp\u003e18.5 Development finance 429\u003c\/p\u003e \u003cp\u003e18.5.1 Borrowers of development finance 429\u003c\/p\u003e \u003cp\u003e18.5.2 Type of finance 430\u003c\/p\u003e \u003cp\u003e18.5.3 Sources of development finance 431\u003c\/p\u003e \u003cp\u003e18.5.4 Duration of funding 432\u003c\/p\u003e \u003cp\u003e18.5.5 Typical development finance structures 433\u003c\/p\u003e \u003cp\u003e18.5.6 Gearing 439\u003c\/p\u003e \u003cp\u003e18.5.7 Risk management in property financing 439\u003c\/p\u003e \u003cp\u003e18.5.8 Finance accounting 441\u003c\/p\u003e \u003cp\u003e18.5.9 Sales revenue 444\u003c\/p\u003e \u003cp\u003eNotes 452\u003c\/p\u003e \u003cp\u003eReferences 453\u003c\/p\u003e \u003cp\u003eGlossary 454\u003c\/p\u003e \u003cp\u003eIndex 460\u003c\/p\u003e  \u003cp\u003e\u003cb\u003ePeter Wyatt\u003c\/b\u003e is a Chartered Valuation Surveyor who has conducted extensive teaching, consultancy and research in land management and valuation.  Currently Director of Undergraduate Programmes for Real Estate \u0026amp; Planning at the University of Reading, he has developed and delivered national and international university programmes at all levels, has published widely in leading real estate journals and has published two text books.  Dr Wyatt has been involved with and lead national, European and international real estate research projects.  Recent projects have investigated the way in which key attributes of the domestic and non-domestic building stock affect value; in particular energy consumption, environmental labelling and public transport accessibility.  Ongoing work with UK Government is investigating the theory and practice of development viability appraisal in planning policy, focusing on the issue of development value and planning gain.\u003c\/p\u003e  \u003cp\u003eThis new edition of the ‘all in one’ textbook for the postgraduate study of valuation on real estate courses retains its focus on the valuation and appraisal of commercial and industrial property across investment, development and occupier markets. It is structured from the client perspective and covers single-asset pricing, risk and return issues.\u003c\/p\u003e \u003cp\u003eThe structure of the book has been substantially revised. Part A introduces the key microeconomics principles, focusing on land as a resource, production functions, supply and demand and price determination. The locational aspect of real estate is also introduced. Macroeconomic considerations are categorized by the main market sectors (and their function); the market for land (development), for space (occupation) and for money (investment). The economic context is set and the author then explains why property valuations are required and discusses the main determinants of value and how they might be identified. The mathematics required to financially quantity value determinants are also introduced. Part B of the book describes the methods of valuation; Part C applies these methods to the valuation of a range of property types for a wide variety of purposes; and Part D covers investment and development appraisal.\u003c\/p\u003e \u003cp\u003eThe author introduces valuation activities from a broad economic perspective, setting valuation in its business finance context and combining its academic and practical roots. Changes in this Second Edition include:\u003cbr\u003e \u003cbr\u003e • Less daunting economics\u003cbr\u003e \u003cbr\u003e • Expanded companion website with Powerpoint slides for lecturers and self-test Questions \u0026amp; Answers for students: seewww.wiley.com\/go\/wyattpropertyvaluation\u003cbr\u003e \u003cbr\u003e • Up-to-date case studies and sample valuations\u003cbr\u003e \u003cbr\u003e • Reference to the newly-published Red book (the valuer’s bible)\u003cbr\u003e \u003cbr\u003e \u003ci\u003eProperty Valuation\u003c\/i\u003e with its user-friendly format, using tried-and-tested teaching and learning devices and a clear writing style, remain the core text for students on real estate, estate management and land economy degree courses, as well as for fast-track conversion courses for non-cognate graduates.\u003c\/p\u003e","brand":"Wiley-Blackwell","offers":[{"title":"Default Title","offer_id":47989877997797,"sku":"NP9781119968658","price":79.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119968658.jpg?v=1761785764","url":"https:\/\/k12savings.com\/es\/products\/property-valuation-isbn-9781119968658","provider":"K12savings","version":"1.0","type":"link"}