Atnaujinkite slapukų nuostatas

El. knyga: Value in a Changing Built Environment

Edited by , Edited by , Edited by
  • Formatas: EPUB+DRM
  • Išleidimo metai: 08-Nov-2017
  • Leidėjas: Wiley-Blackwell
  • Kalba: eng
  • ISBN-13: 9781119332596
Kitos knygos pagal šią temą:
  • Formatas: EPUB+DRM
  • Išleidimo metai: 08-Nov-2017
  • Leidėjas: Wiley-Blackwell
  • Kalba: eng
  • ISBN-13: 9781119332596
Kitos knygos pagal šią temą:

DRM apribojimai

  • Kopijuoti:

    neleidžiama

  • Spausdinti:

    neleidžiama

  • El. knygos naudojimas:

    Skaitmeninių teisių valdymas (DRM)
    Leidykla pateikė šią knygą šifruota forma, o tai reiškia, kad norint ją atrakinti ir perskaityti reikia įdiegti nemokamą programinę įrangą. Norint skaityti šią el. knygą, turite susikurti Adobe ID . Daugiau informacijos  čia. El. knygą galima atsisiųsti į 6 įrenginius (vienas vartotojas su tuo pačiu Adobe ID).

    Reikalinga programinė įranga
    Norint skaityti šią el. knygą mobiliajame įrenginyje (telefone ar planšetiniame kompiuteryje), turite įdiegti šią nemokamą programėlę: PocketBook Reader (iOS / Android)

    Norint skaityti šią el. knygą asmeniniame arba „Mac“ kompiuteryje, Jums reikalinga  Adobe Digital Editions “ (tai nemokama programa, specialiai sukurta el. knygoms. Tai nėra tas pats, kas „Adobe Reader“, kurią tikriausiai jau turite savo kompiuteryje.)

    Negalite skaityti šios el. knygos naudodami „Amazon Kindle“.

A new framework for understanding the underpinnings of real estate property value and the role it plays in the larger economy

Value in a Changing Built Environment examines the professional foundations on which the valuation exercise and the valuation profession rest. Written by noted experts in the field, the book addresses the often limited understanding of the concept of property value by explaining the intrinsic linkages between economic, environmental, social, and cultural measures and components of property value. The book offers a framework that paves the way towards a more holistic approach to property value.

Value in a Changing Built Environment unwraps many of the traditional assumptions that have underpinned market participants’ decision making over the last few decades. The authors explore the concept that a blindfold application of valuation theories and approaches adopted from finance is unlikely to be able to cope with the nature of property as an economic and public good. This vital resource:

  • Explains the criteria for making estimates of value that can be applied worldwide
  • Offers an integrated approach to property value and the valuation processes
  • Captures the often illusive intangibles such as environmental performance into valuation
  • Addresses a market failure to account for wider criteria on building performance

Value in a Changing Built Environment examines how real estate valuation plays a pivotal role in decision making and how can a new body of knowledge improve the practice in both business and social domains.

About the Editors xi
Note on Contributors xiii
Introduction 1(12)
The Book's Main Theme
2(1)
The Book's Key Messages
3(2)
The Book's Methodology and Starting Points
5(1)
Brief Description of the Current State of Affairs, Developments and Changes
5(2)
Analysis of Likely Consequences for Valuers, Valuation Theory and Practice
7(2)
Explanation for Proposing Alternative Protocol to Valuation and Decision-Making Processes in the Property Industry
9(4)
Part 1 Gap Analysis: Anomalies and Paradoxes, Questions, Dilemmas and Motivations
13(16)
Tom Kauko
Peter Dent
Stephen Hill
Maurizio d'Amato
David Lorenz
Background
13(2)
Property Market Impacts
15(1)
Out of the Comfort Zone
15(4)
The Social Mind
19(1)
Lack of Political Awareness in the Profession about Changes in Value Systems
20(1)
Professional Values
21(1)
`Wrong Coding' of the Market System
22(2)
Lack of Linkages to Any Belief System
24(2)
Concluding Remarks
26(3)
Part 2 A Theory of Value in the Built Environment
29(22)
2.0 Introduction
29(5)
Peter Dent
Property Ownership
30(1)
Cognitive Economy
30(1)
Behavioural Characteristics
31(1)
Moral Values
31(2)
Sustainable Decision-Making
33(1)
2.1 Economic Value: Value, Price and Worth
34(9)
Peter Dent
David Lorenz
The Dominant Economic System
34(1)
Rational Knowledge
35(1)
Value
36(3)
Price
39(1)
Worth
40(2)
Concluding Remarks
42(1)
2.2 Sense and Categories of Value
43(8)
David Lorenz
Peter Dent
Tom Kauko
Thomas Lutzkendorf
Stephen Hill
Sense of Value
44(1)
Categories of Value
45(6)
Part 3 Valuation Methodology
51(46)
3.0 Introduction
51(2)
David Lorenz
Tom Kauko
Maurizio d'Amato
3.1 Aspects of Residential Value Analysis Methodology
53(10)
Tom Kauko
Introduction
53(2)
Conceptualisation
55(3)
Methodology
58(3)
Practical Applications
61(1)
Summary and Concluding Discussion
62(1)
3.2 Aspects of Commercial Property Valuation and Regressed DCF
63(21)
Maurizio d'Amato
Regressed DCF
64(1)
Discount Rate, Risk Premium Determination, and Regressed DCF
65(1)
An Application of Regressed Models A, B, and C to Bucharest Commercial Real-Estate Market
66(2)
Model A
68(5)
Model B
73(4)
Model C
77(4)
A Real-Estate Market Risk Premium Map
81(2)
Conclusions and Further Directions of Research
83(1)
3.3 The Significance of Land Attributes in Determining the Types of Land Use
84(13)
Malgorzata Reniger-Bilozor
Andrzej Bilozor
Introduction
84(1)
Method for Determining the Effect of Real-Estate Attributes on Land-Use Function with the Use of the Rough Set Theory
85(10)
Concluding Remarks
95(2)
Part 4 Empirical Applications of Market Analysis
97(104)
4.0 Introduction
97(5)
Tom Kauko
Shift in Focus
97(2)
Presentation of Individual
Chapter Summaries
99(3)
4.1 Directions for Exploration of New Methods of Identifying and Determining Relationships and Dependencies on the Real-Estate Market
102(17)
Malgorzata Renigier-Bilozor
Radoslaw Wisniewski
Introduction
102(2)
The Real-Estate Sector -- Analysis and Challenges
104(1)
The Real-Estate Market System
105(2)
The Participants (Entities) of the Real-Estate Market
107(2)
Real Estate and Its Characteristics
109(2)
Research and Analytical Methods
111(8)
4.2 Economic Sustainability, Valuation Automata and Local Price Development
119(18)
Tom Kauko
Introduction
119(2)
The Need for a Sustainable Housing Market
121(3)
The New Paradigm of Modelling Value -- Is AVM the Solution?
124(2)
Designing an Empirical Modelling Method
126(3)
Data Preparation
129(1)
The Results of the Analysis
130(2)
The Principle of Smoothing the Value Using a SOM Approach
132(2)
Conclusions and Discussion
134(3)
4.3 Evaluation of Selected Real-Estate Markets -- A Case Study from Poland
137(64)
Malgorzata Renigier-Bilozor
Radoslaw Wisniewski
Introduction
137(1)
Perfect versus Imperfect Real-Estate Markets
138(58)
A Way Forward
196(2)
Proposed Changes Regarding Current Valuation Practice and Standards
198(1)
Conclusion
198(3)
Appendices 201(12)
References 213(18)
Index 231
DAVID LORENZ is co-chair of the Centre for Real Estate at the Karlsruhe Institute of Technology (KIT) where he is Professor for Property Valuation and Sustainability. David is also the director and founder of a real estate management, valuation and consulting firm located in the southern part of Germany. He has more than 15 years of experience in valuation, asset management and property development, has published extensively on the role of sustainability in real estate management and valuation, and is a Fellow and Spokesperson of the Royal Institution of Chartered Surveyors (RICS). In the past he was actively engaged with several research projects administered by RICS and the UN.

PETER DENT is affiliated to Oxford Brookes University where he currently participates in International programmes in real estate valuation and finance. For eight years he was the Head of the Department of Real Estate and Construction before taking up the post of Comerford Climate Change Fellow in 2008. Latterly he was Director of International Programmes helping to develop and manage professional and academic programmes. During his career he has published widely including two books: Property Markets and Sustainable Behaviour (2012) and Towers, Turbines and Transmission Lines: Impacts on Property Value (2013).

TOM KAUKO is an academic labourer with wide remit within real estate economy and urban affairs. He received a M.Sc. degree in Real Estate in 1994 (Helsinki University of Tech, Finland), and a Ph.D. in Geography in 2002 (Utrecht University, The Netherlands). He has worked for Oxford Brookes University, UK, the Norwegian University of Science and Technology and OTB Research Institute, Delft University of Technology, The Netherlands. He has carried out research on urban real estate, housing and land-use studies. He is currently based in the historic seaside town of Portsmouth (UK), where he works with lecturing and research for the School of Civil Engineering and Surveying at the University of Portsmouth. His interest is in strategic issues such as valuation, sustainability, urban renewal, resilience, and innovations, and related spatial development and town planning issues. He has over 70 publications and c. 100 conference presentations.