Introductory Property Valuation Mathematics

Download or read book Introductory Property Valuation Mathematics written by Ndubisi Onwuanyi and published by Cambridge Scholars Publishing. This book was released on 2024-09-02 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces the subject of valuation. It comprehensively explains basic concepts which connect valuation with economics such as price, value, rent and property market origins, characteristics and functions. However, the core issue is how the book handles the calculations required for property valuations. The valuation formulae are classified in helpful ways which highlight main formulae and their variants, relationships and functions. Many worked examples are used to demonstrate comprehensively the formulae’s relationships and functions. However, innovation is introduced by calculations done in both a forward and backward manner. Through this method, the answer to an initial worked example becomes a new question which is solved by a reverse calculation process to produce an answer corresponding to the initial question. This particularly illuminating approach enables effective and enduring learning and understanding.