Principles of Property Investment and Pricing

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