Property Investment

This textbook brings together three important aspects of property investment - strategies for investment, markets and appraisal - and explains many difficult concepts in a readable and understandable way. Since the publication of the first edition of Property Investment almost 15 years ago, the property sector has undergone some significant shifts that investors must now factor into their investment choices. In this thoroughly updated second edition, the authors address the issues that have risen to prominence in recent years including • the impact of the credit crunch • the growing importance of sustainability • the growth of buy-to-let investment • the introduction of Real Estate Investment Trusts (REITs). This trusted book provides an essential overview of strategies for investment, markets and appraisal, making it an ideal read for any student or professional working in property investment, property funding, real estate and land management. Concepts are explained with great clarity and the authors use worked examples to elucidate key principles where possible, enabling readers to develop their knowledge of the sector and to strengthen their understanding of the challenges that lie ahead for property investors. This textbook brings together three important aspects of property investment - strategies for investment, markets and appraisal - and explains many difficult concepts in a readable and understandable way. The authors outline the developments in investment and finance theory that have had such an impact on the property investment sector. Concepts are explained with great clarity and worked examples are used to elucidate key principles where possible.This book is ideal for modules taught on third year undergraduate and postgraduate level in Property Investment, Property Funding, Property Management Estate Management, Land Management, Planning and Development Studies, Land Economics, Real Estate (value and management) and is also of interest to students of Architecture, Construction and Surveying.New to this Edition:- Thoroughly updated to reflect changes in government policy on sustainability, assessing the implications of sustainability for both residential and commercial property investment- Reflections on the reverberations of the credit crunch, considering the extent to which risk reduction techniques can mitigate against globally induced and volatile market swings- Greater prominence given to the growth of the buy-to-let market in residential property investment- A review of the key investment performance issues which have arisen from the introduction of Real Estate Investment Trusts (REITs)- Includes more worked examples and case studies