Overview

This book introduces the subject of valuation. It comprehensively explains basic concepts which connect valuation with economics such as price, value, rent and property market origins, characteristics and functions. However, the core issue is how the book handles the calculations required for property valuations. The valuation formulae are classified in helpful ways which highlight main formulae and their variants, relationships and functions. Many worked examples are used to demonstrate comprehensively the formulae's relationships and functions. However, innovation is introduced by calculations done in both a forward and backward manner. Through this method, the answer to an initial worked example becomes a new question which is solved by a reverse calculation process to produce an answer corresponding to the initial question. This particularly illuminating approach enables effective and enduring learning and understanding.

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9781036407841

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Ndubisi Onwuanyi is a chartered surveyor. He read Land Economics at Paisley College of Technology, Scotland and Land Appraisal at the University of Reading, England. Although he has been in the profession for over 35 years, his first stint in academics was at the University of Benin, Nigeria, where until recently, he was lecturer in Valuation and Land Economics.

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