Real Estate Valuation

This textbook highlights the subjective valuation components of residential and commercial real estate which can lead to a range of acceptable property value conclusions. It is suitable for undergraduate and masters students of real estate finance, and will also be useful to practitioners in residential and commercial real estate.

This is a practical and accessible guide for students, filled with international case studies, which illustrate the framework of the book (valuation under uncertainty), as well as, a host of discussion questions to aid learning. Provides a unique and more comprehensive approach than competing texts, explaining variations in valuation outcomes by drawing on the psychological foundations of valuation theory. For educators it will help to widen the lens on what truly should be considered when valuing property.