Advanced Issues in Property Valuation - by Hans Lind & Bo Nordlund (Paperback)

About the Book

"There are a number of good basic textbooks in property valuation, e.g. Property Valuation by Peter Wyatt or the Appraisal Institutes classic book The Appraisal of Real Estate. These books presents basic concepts and valuation methods with a focus on what you need to know to work with valuation issues in the real estate sector, either as a producer of valuations or in a position where you use valuations and need to understand and evaluate valuations. This book has been written as a type of "advanced" textbook that problematize a number of the issues that are presented in the basic textbooks. Things are in reality often not so clear as they are in the basic textbooks. There are different views of how useful different concepts and methods really are. Some of these controversies typically surface in specific episodes on the market, e.g. after a crash on the market or in situations where there seem to be very optimistic views among actors in the market that may raise concerns whether e.g real estate assets are "over-valued" in the market. Other differences relate to differences between countries and local traditions. Even though there are international cooperation and standardization, such differences still remain. The aim of the book has been to introduce readers to these discussions and to make it possible to have well-informed opinions on these issues. Some advanced textbooks focus on valuation of specific types of properties - from agriculture to hotels or special purpose buildings - but in this book the focus is on what could be called more theoretical or conceptual issues, but also on some normative issues related to governance and the role of the valuer"--

Book Synopsis

Discover an insightful new text covering advanced problems in real property valuation

In Advanced Issues in Property Valuation, real estate valuation experts and authors Hans Lind and Bo Nordlund provide a deep understanding of the concepts, theories, methods and controversies in property valuation. The book introduces readers to controversies and discussions in real estate valuation, including the relevance of market value for valuation for lending purposes, how uncertainty in property valuations should be interpreted, and the relationship between market value and fair value in financial reporting.

Readers will also benefit from the inclusion of:

• A thorough introduction to the concepts, theories, methods and problems in real estate property valuation
• An exploration of the relevance of market value for valuation for lending purposes
• A practical discussion of how uncertainty in property valuations should be interpreted
• A concise treatment of the relationship between market value and fair value in financial reporting
• An examination of how concerns about sustainability and other structural changes can affect property valuation

Perfect for graduate level students in courses involving valuation or real estate, Advanced Issues in Property Valuation is also an excellent resource for real estate practitioners who wish to update and deepen their knowledge about property valuation.

From the Back Cover

Discover an insightful new text covering advanced problems in real property valuation

In Advanced Issues in Property Valuation, real estate valuation experts and authors Hans Lind and Bo Nordlund provide a deep understanding of the concepts, theories, methods and controversies in property valuation. This valuable resource includes:

• A thorough introduction to the concepts, theories, methods and problems in real estate property valuation
• An exploration of the relevance of market value for valuation for lending purposes
• A practical discussion of how uncertainty in property valuations should be interpreted
• A concise treatment of the relationship between market value and fair value in financial reporting
• An examination of how concerns about sustainability and other structural changes can affect property valuation

Perfect for graduate level students in courses involving valuation or real estate, Advanced Issues in Property Valuation is also an excellent resource for real estate practitioners who wish to update and deepen their knowledge about property valuation.

About the Author

Hans Lind is professor of real estate economics, retired from the Royal Institute of Technology, KTH, Stockholm, Sweden. He currently works as a consultant, lecturer, and writer on housing and real estate issues.

Bo Nordlund, PhD, is Founder and Owner of BREC-Bo Nordlund Real Estate Consulting AB, a firm that provides valuation and accounting services for real estate organizations. He is also Senior Lecturer at Karlstads University, Karlstad, Sweden.