Principles of Property Investment and Pricing (Macmillan Building and Surveying Series)

An analysis of the causes of the boom and bust, including the relationship between the property market and national economic trends, and the influence of the government and financial institutions 27 Recent Trends and the Future Market conditions since 1977, the future for property investment Questions for Discussion Glossary of Terms Used References 424 Further Reading 425 Index 429 Front Matter....Pages i-xii Introduction....Pages 1-4 Front Matter....Pages 5-5 Debt and equity — risks and returns....Pages 7-19 Marketable securities and the stock market....Pages 20-33 Analysis of stock market securities....Pages 34-51 Gilt edged securities — prices and yields....Pages 52-63 Ordinary shares — prices and yields....Pages 64-74 The investment yield spectrum....Pages 75-87 Modern theories of investment pricing....Pages 88-97 Historic trends in stock prices....Pages 98-110 Front Matter....Pages 111-111 Property investments and the property market....Pages 113-123 The rental yield and a property pricing model....Pages 124-139 The determination of property yields I....Pages 140-158 The determination of property yields II....Pages 159-178 Front Matter....Pages 179-179 The concept of rent as a surplus....Pages 181-195 Rental value — a demand and supply analysis....Pages 196-208 Rental value and property type....Pages 209-233 Front Matter....Pages 235-235 Site values and development activity....Pages 237-265 Development finance — traditional arrangements....Pages 266-277 Equity sharing and partnership schemes....Pages 278-299 Front Matter....Pages 301-301 The property companies....Pages 303-309 Front Matter....Pages 301-301 The financial institutions....Pages 310-333 Property investment overseas....Pages 334-343 Property pricing — the theory revised....Pages 344-356 Front Matter....Pages 357-357 Aspects of government intervention in the property market....Pages 359-373 Front Matter....Pages 375-375 The post-war development boom and its aftermath....Pages 377-383 The boom, collapse and recovery 1970–7....Pages 384-402 Recent trends and the future....Pages 403-409 Back Matter....Pages 411-432