Real estate appraisal

Author: Yu Mingxuan
Publisher:
Publish Date: 2004-11-01
Features: This book summarizes the latest research achievements in China's real estate appraisal theory and practice, drawing on international experience in this field. It elaborates on the fundamental principles and main methods of real estate appraisal, as well as the development trends in practical applications. The book is divided into three parts. Part I covers the fundamental principles of real estate appraisal, primarily explaining the concept, characteristics, and functions of real estate appraisal, theories of ground rent and location, and the factors influencing real estate prices. The second part discusses the fundamental methods of real estate appraisal, analyzing the basic ideas, scope of application, calculation formulas, and related precautions of commonly used methods, such as the income capitalization method, market comparison method, cost approach, residual method, and route value method, while also explaining land grading and the calculation of benchmark land prices. The third part covers relevant practical applications of real estate appraisal, detailing the basic format of real estate appraisal reports and introducing appraisal standards for real estate in countries such as the UK, the US, Australia, and the main essence of international appraisal standards. It also introduces China's land price index and the China Real Estate Index. This book can serve as a textbook for relevant courses in economic and management disciplines at universities and colleges, as well as a reference for professionals in appraisal institutions, research institutions, and real estate credit departments of banks.