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Author: A Macleary
Publisher: Taylor & Francis
Published: 2003-09-02
Total Pages: 175
ISBN-13: 1135834210
DOWNLOAD EBOOKThis up-to-date reference on property investment highlights the problems with existing techniques of property valuation and appraisal and identifies possible ways forward for both research and practice.
Author: Colin A. Jones
Publisher: Springer Nature
Published: 2022-08-18
Total Pages: 320
ISBN-13: 3031009681
DOWNLOAD EBOOKThis textbook, aimed at undergraduate and postgraduate real estate programmes, provides an overview of real estate investment and pricing in a global context with special attention to the diversification of asset types in three parts. Designed as a successor to Will Fraser’s successful student-led investment book, Principles of Property Investment and Pricing, it encompasses the microeconomics of real estate markets and context alongside pricing failures of real estate highlighted by the impact of the global financial crisis, especially with regard to irrationality and risk. Part 1 focuses on the microeconomics of the real estate sector, covering the complex nature of real estate and the consequences for economic analysis and the operation of the market, the underlying essential processes and principles of real estate investment decision making, including a pricing model, and the significance of real estate cycles and why they occur. Part 2 begins with the characteristics of real estate as an investment, differentiated between direct and indirect investment, and making comparisons with alternative stock market assets, then examines real estate investors and their objectives, including financial institutions, REITs and other indirect vehicles. Additionally, it sets out the frameworks within which real estate investment decisions are made in relation to other investments and focuses on decision-making processes and the practicalities of performance measurement. Emerging real estate debates are discussed in Part 3. These chapters are primarily forward-looking to the implications and challenges for real estate investment, including the consequences of recent aspects of regulation, changes to occupier demand, partly driven by technology but also sustainability pressures, the logic and difficulties of international investment, with a particular focus on emerging markets.
Author: David Hartzell
Publisher: John Wiley & Sons
Published: 2021-01-05
Total Pages: 596
ISBN-13: 1119526094
DOWNLOAD EBOOKThe fully revised and updated version of the leading textbook on real estate investment, emphasising real estate cycles and the availability and flow of global capital Real Estate Investment remains the most influential textbook on the subject, used in top-tier colleges and universities worldwide. Its unique, practical perspective on international real estate investment focusses on real-world techniques which measure, benchmark, forecast and manage property investments as an asset class. The text examines global property markets and real estate cycles, outlines market fundamentals and explains asset pricing and portfolio theory in the context of real estate. In the years since the text’s first publication, conditions in global real estate markets have changed considerably following the financial crisis of 2008-2009. Real estate asset prices have increased past pre-crisis levels, signalling a general market recovery. Previously scarce debt and equity capital is now abundant, while many institutions once averse to acquiring property are re-entering the markets. The latest edition – extensively revised and updated to address current market trends and practices as well as reflect feedback from instructors and students – features new content on real estate development, improved practical examples, expanded case studies and more. This seminal textbook: Emphasises practical solutions to real investing problems rather than complex theory Offers substantial new and revised content throughout the text Covers topics such as valuation, leasing, mortgages, real estate funds, underwriting and private and public equity real estate Features up-to-date sections on performance measurement, real estate debt markets and building and managing real estate portfolios Includes access to a re-designed companion website containing numerous problems and solutions, presentation slides and additional instructor and student resources Written by internationally-recognised experts in capital management and institutional property investing strategies, Real Estate Investment, Second Edition: Strategies, Structures, Decisions is an indispensable textbook for instructors and students of real estate fund management, investment management and investment banking, as well as a valuable reference text for analysts, researchers, investment managers, investment bankers and asset managers.
Author: Martin Hoesli
Publisher: Routledge
Published: 2014-01-09
Total Pages: 301
ISBN-13: 1317883012
DOWNLOAD EBOOKProperty investment markets and applied property research are now recognised as an increasingly important international phenomenon. Written by two of the most respected academics in the field, this authoritative guide provides a fresh and much needed perspective on this important subject. The book examines the unique characteristics of property investment within the context of other capital markets . The emphasis is strongly on the application of analytical tools from other markets to help academics and practitioners alike understand and apply the investment management of property with that of other asset classes. The book is split into three parts, each focusing mainly on direct commercial property: The characteristics of the various asset classes in the investment background The analyses necessary to develop a property portfolio strategy An examination of property in a wider context This book will be invaluable to all undergraduate and postgraduate students on property courses worldwide. It is also an essential tool to understanding this complex and exciting field for students on finance, business and accountancy courses which cover property. Its practical, applied approach means that the book will be a welcome addition to the bookshelf of any researchers or investment managers with an interest in property.
Author: Will Fraser
Publisher: Bloomsbury Publishing
Published: 1993-11-11
Total Pages: 404
ISBN-13: 1349133116
DOWNLOAD EBOOKThis book is a comprehensive analysis of property investment and the market's determination of commercial property values and investment performance. The author examines the economic forces that operate in the property market by placing property in the context of the overall investment market and the local, national and international economies. Relevant concepts and principles of economics, investment and finance are identified; these are then used to explain the operation of the property market and property price determination. The text begins with a study of the stock market, identifying the principles and forces which explain the price determination of stocks and shares. These principles are then applied to commercial property investments and a simple theory is developed. The three major sectors of the property market (letting, development and investment) are then analysed in depth, and the pricing theory is reviewed. After an examination of the influence of government intervention, the subject is synthesised by detailed studies of three of the most turbulent periods in the history of the post Second World War property market in the UK. In this second edition, both the text and illustrative examples have been updated. The theory of the market's determination of rental values and yields have been substantially revised and developed. A new chapter, discussing the 1980s property boom and the 1990s collapse, has been added.
Author: S Hargitay
Publisher: Routledge
Published: 2003-09-02
Total Pages: 357
ISBN-13: 1135829942
DOWNLOAD EBOOKThe first part of the book explains the theoretical basis for investment decision-making. Parts two and three are more practically orientated, and will equip the reader with the know-how of up-to-date methods and techniques to evaluate and monitor the investment performance of property assets and to develop efficient rational decision-making.
Author: Andrew E. Baum
Publisher: John Wiley & Sons
Published: 2012-01-17
Total Pages: 577
ISBN-13: 1444335286
DOWNLOAD EBOOKDevelopments in the sophistication of global real estate markets mean that global real estate investment is now being executed professionally. Thanks to academic enquiry, professional analysis and entrepreneurial activity, backed by the globalisation of all investment activity, there is now an available body of material which forms the basis of this scholarly but practical summary of the new state of this art. The measurement, benchmarking, forecasting and quantitative management techniques applied to property investments are now compatible with those used in other asset classes, and advances in property research have at last put the ongoing debate about the role of real estate onto a footing of solid evidence. The truly global scope and authorship of this book is unique, and both authors here are singularly well qualified to summarise the impact and likely future of global innovations in property research and fund management. Between them, they have experienced three real estate crashes, and have observed at first hand the creation of the real estate debt and equity instruments that led to the global crisis of 2008-9. Global Property Investment: strategies, structure, decisions offers a unique perspective of the international real estate investment industry with: a close focus on solutions to real life investment problems no excessive theoretical padding a target of both students and professionals highly qualified dual-nationality authorship With many cases, problems and solutions presented throughout the book, and a companion website used for deeper analysis and slides presentations (see below), this is a key text for higher-level real estate students on BSc, MSc, MPhil and MBA courses worldwide as well as for practising property professionals worldwide in fund management, investment and asset management, banking and real estate advisory firms.
Author: Andrew Baum
Publisher: Routledge
Published: 2015-05-20
Total Pages: 341
ISBN-13: 1317647874
DOWNLOAD EBOOKReal Estate Investment: A Strategic Approach provides a unique introduction to both the theory and practice of real estate investing, and examines the international real estate investment industry as it reacts to the global financial crisis. Andrew Baum outlines the market and the players who dominate it; the investment process; the vehicles available for investment; and a suggested approach to global portfolio construction. The book contains many useful features for students including discussion questions, a full further reading list and case studies drawing on international examples from the UK, continental Europe, the USA and Asia. Ideal for undergraduate and postgraduate students on all real estate and property courses and related business studies and finance courses, Real Estate Investment is designed to provide a foundation for the next generation of investment managers, advisers and analysts. Further resources for lecturers and students are available at: www.routledge.com/cw/baum
Author: Introbooks
Publisher:
Published: 2019-12-28
Total Pages: 46
ISBN-13: 9781652093381
DOWNLOAD EBOOKInvestment is the commonly used terminology in finance and real-estate. Basically, an investment is the saving done by the people for their future use. This is to be made by every individual to lead a happy life without making any debts for their future needs. Many experts say that, you need to save money and spend what is left after saving. This is a thumb rule that everyone has to embrace to lead a comfortable and rich life that they desired. There are different definitions for investment in different industry. Let us discuss what investment is in finance. Basically, an investment is a per unit production of products which are not used now, but will be definitely used in the future for further production. For instance, investment has both volatile and non-volatile goods. Ideally, volatile is nothing but building a factory and non-volatile is 6 or a year job training. Moreover, the definition of investment in real-estate is that, the person invest money in buying a property either for renting or residing. Basically, commercial realtors will rent the space bought, whereas the residents will dwell in the bought house. In this book, we will be discussing about the types of investment in which people exhibit interest in investing, introduction to investment theory, various theories of investment including controversial theory are discussed in detail.
Author: Bryan Law
Publisher:
Published: 2021-04-11
Total Pages: 126
ISBN-13: 9780988121782
DOWNLOAD EBOOKThis book helps investors analyze the increasingly sophisticated real estate marketplace by studying properties from different angles, especially from the financial aspects. Simple investment calculations sufficed in the past, but investors in today's real estate market must perform complex comparisons to get the best analyses for their investments. Real estate professionals always emphasize the importance of the location of a property. Therefore, it is crucial to talk about real estate planning and development theories in this book.Financial professionals use the present value of future earnings as the benchmark for analyzing returns. Therefore, this book focuses on the estimation, analysis and comparison of cash flows and returns so that buyers and sellers can carefully study alternatives and make informed decisions.This book provides investors and analysts with reliable tools to make sound decisions while acknowledging that solving individual situations requires flexibility and creativity.
