Now in its second edition, this book focuses on applying the economic & financial methods for commercial real estate valuation, offering real-life cases to illustrate the concepts it presents.
Property valuation is a topic of interest both for experts who work in the sector as well as non-experts who need to estimate what a given property is worth (in other words, assign a monetary value) or who simply want to utilize or determine the accuracy of an external appraiser’s estimate. This book focuses primarily on the valuation of commercial real estate (such as offices, retail spaces, or warehouses), an important asset class for investment purposes.
The first part of the book offers a theoretical view of the main aspects of real estate valuation: the economic characteristics and risks pertaining to real estate assets, valuation queries, report structure, market analysis, estimation methods based on the direct comparison and on the income capitalization approaches, and cap and discount rates estimation. The second half provides a series of real-life cases to illustrate the most relevant issues that commonly arise, with particular attention to the economic & financial methods and the issue of property return rates, which often represents a grey area in terms of good practices.
The book, currently in its second edition, offers a noteworthy contribution to the dissemination of methodologies and practices, and helps build a shared body of knowledge relevant to property valuation that, though based on the same principles, does differ from the valuation of financial instruments and corporate investments.
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Un percorso formativo che assicura lo sviluppo di una conoscenza delle metodologie di analisi e previsione dei risultati trasversale alle tre anime delle funzioni AFC (Amministrazione, Finanza e Controllo).
Per ampliare la propria visione attraverso soluzioni ad ampio spettro in grado di generare valore.
Definire modelli quantitativi che migliorino e supportino in modo efficiente le attività di analisi, valutazione e decisione nell’ambito della finanza aziendale.
