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xi | |
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xiv | |
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xvi | |
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xx | |
Acknowledgements |
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xxi | |
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1 | (5) |
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1 | (1) |
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1 | (1) |
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What might you learn from this book? |
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2 | (1) |
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What this book will not do? |
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3 | (1) |
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How is this book organised? |
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3 | (2) |
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How should you use this book? |
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5 | (1) |
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5 | (1) |
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6 | (20) |
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6 | (1) |
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Why is real estate so important? |
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7 | (1) |
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How has the real estate market evolved? |
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8 | (3) |
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What is the economic theory behind the market? |
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11 | (1) |
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What factors impact the real estate market? |
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12 | (7) |
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How does real estate compare with other investment opportunities? |
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19 | (4) |
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What are real estate's key characteristics as an investment? |
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23 | (1) |
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What are the main reasons for owning real estate? |
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23 | (1) |
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24 | (1) |
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24 | (1) |
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25 | (1) |
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3 The diversity of real estate |
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26 | (25) |
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Why are we looking at the diversity of real estate? |
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26 | (1) |
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How might real estate be diverse? |
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27 | (2) |
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Why might real estate need to be diverse? |
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29 | (1) |
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Planning control and diversity |
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30 | (3) |
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33 | (3) |
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36 | (1) |
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37 | (1) |
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38 | (1) |
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39 | (1) |
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40 | (3) |
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43 | (1) |
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44 | (2) |
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46 | (1) |
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And finally -- some other uses |
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47 | (2) |
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49 | (1) |
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50 | (1) |
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4 Real estate as an asset |
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51 | (1) |
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51 | (1) |
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Why invest in real estate? |
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51 | (1) |
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How can you invest in real estate? |
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52 | (1) |
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Trends in direct real estate investment |
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53 | (4) |
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What are the drawbacks of directly investing in real estate? |
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57 | (4) |
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Who invests in real estate? |
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61 | (1) |
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How can real estate investment be financed? |
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61 | (3) |
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Who finances real estate purchases? |
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64 | (1) |
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How can value be added to a real estate asset? |
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64 | (5) |
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How can performance of real estate assets be measured? |
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69 | (2) |
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Can real estate held as an asset also be a resource? |
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71 | (1) |
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71 | (1) |
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72 | (1) |
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5 Real estate as a resource |
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73 | (19) |
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Why do organisations need real estate? |
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73 | (1) |
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What are the purposes of corporate real estate? |
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73 | (1) |
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The provision of a product |
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74 | (3) |
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The provision of a service |
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77 | (3) |
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80 | (3) |
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Protection and preservation of heritage assets |
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83 | (2) |
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85 | (2) |
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Assessing the performance of corporate real estate |
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87 | (1) |
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Reducing the costs of holding corporate real estate |
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88 | (1) |
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The increasing importance of corporate real estate |
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88 | (1) |
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89 | (2) |
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91 | (1) |
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92 | (1) |
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Why do we need to think about roles in real estate? |
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92 | (1) |
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93 | (3) |
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96 | (2) |
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98 | (3) |
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Real estate developers and investors |
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101 | (3) |
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104 | (4) |
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Property and asset managers |
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108 | (4) |
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112 | (3) |
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115 | (1) |
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115 | (5) |
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120 | (1) |
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120 | (2) |
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7 The basics of real estate law |
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122 | (24) |
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122 | (1) |
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123 | (2) |
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125 | (1) |
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126 | (2) |
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128 | (1) |
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129 | (2) |
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131 | (1) |
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132 | (5) |
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137 | (5) |
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Failed legal estates and interests |
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142 | (1) |
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143 | (1) |
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And finally -- some advice on tackling legal problems |
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144 | (1) |
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145 | (1) |
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8 The landlord and tenant relationship |
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146 | (25) |
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Why do we need to understand this topic? |
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146 | (1) |
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147 | (1) |
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Characteristics of a lease |
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148 | (2) |
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150 | (1) |
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151 | (6) |
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157 | (1) |
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Enforcing leasehold covenants |
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157 | (2) |
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159 | (5) |
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164 | (2) |
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Long residential leases and leaseholder rights |
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166 | (3) |
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169 | (1) |
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169 | (2) |
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9 Interests in real estate |
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171 | (20) |
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171 | (1) |
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172 | (1) |
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How are easements created? |
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173 | (4) |
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177 | (1) |
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177 | (2) |
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179 | (1) |
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179 | (1) |
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180 | (5) |
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185 | (2) |
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187 | (1) |
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187 | (1) |
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187 | (1) |
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188 | (1) |
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188 | (1) |
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188 | (1) |
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189 | (1) |
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Registration of interests in real estate |
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189 | (1) |
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190 | (1) |
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190 | (1) |
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190 | (1) |
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10 Real estate transactions |
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191 | (29) |
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What are real estate transactions? |
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191 | (1) |
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What is a real estate agent? |
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191 | (1) |
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Why use a real estate agent? |
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192 | (1) |
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What are the duties of a real estate agent? |
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193 | (5) |
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198 | (3) |
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201 | (1) |
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The stages of a real estate transaction |
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201 | (17) |
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218 | (1) |
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219 | (1) |
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11 Real estate valuation concepts |
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220 | (17) |
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220 | (1) |
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What is value in relation to real estate? |
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220 | (2) |
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222 | (2) |
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What is the purpose of valuation? |
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224 | (1) |
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Why might valuations be required? |
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224 | (1) |
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Who carries out valuations? |
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225 | (1) |
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Are all valuations regulated by the Red Book? |
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225 | (1) |
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What are Terms of Engagement? |
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226 | (1) |
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What must a valuation report include? |
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227 | (3) |
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Can a valuation be `wrong'? |
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230 | (1) |
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What is meant by the return? |
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231 | (1) |
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What is meant by the yield? |
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231 | (4) |
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What factors cause changes in yields? |
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235 | (1) |
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235 | (1) |
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236 | (1) |
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12 Real estate valuation methods |
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237 | (17) |
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What does the valuation process entail? |
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237 | (4) |
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What are the five methods of valuation? |
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241 | (9) |
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Which valuation method should be used? |
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250 | (1) |
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251 | (1) |
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252 | (2) |
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13 Effective real estate management |
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254 | (25) |
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What is effective real estate management? |
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254 | (1) |
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Effective management and the law |
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255 | (1) |
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Asset types and management |
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255 | (1) |
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What types of management structures are there? |
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256 | (2) |
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258 | (1) |
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Key management considerations |
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259 | (12) |
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Residential service charges |
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271 | (2) |
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Regulation of property managers |
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273 | (1) |
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What happens if things go wrong? |
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273 | (1) |
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Changing the management of residential long leaseholds |
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274 | (1) |
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275 | (1) |
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276 | (1) |
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276 | (3) |
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14 Contemporary issues in real estate |
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279 | (26) |
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Why do we need to be aware of contemporary issues? |
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279 | (1) |
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Contemporary issues in real estate |
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280 | (19) |
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299 | (1) |
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300 | (3) |
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303 | (2) |
Index |
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305 | |