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Real Estate Valuation Theory
A Critical Appraisal
Taschenbuch von Manya M. Mooya
Sprache: Englisch

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Beschreibung
This
monograph critically reviews and updates real estate valuation theory, which is
based on neoclassical economics, in light of developments in heterodox economic
theory. Building on a comprehensive historical account of the evolution of
value theory, the book uses new institutional economics theory and critical
realism as lenses through which problems in standard valuation theory and
practice are expatiated, and as the foundation for an alternative theory. The
new theory is employed to explain major problems in real estate valuation that
are beyond the capability of the standard theory, such as price bubbles in real
estate markets, anchoring bias, client influence and
valuation under uncertain market conditions.
This
monograph critically reviews and updates real estate valuation theory, which is
based on neoclassical economics, in light of developments in heterodox economic
theory. Building on a comprehensive historical account of the evolution of
value theory, the book uses new institutional economics theory and critical
realism as lenses through which problems in standard valuation theory and
practice are expatiated, and as the foundation for an alternative theory. The
new theory is employed to explain major problems in real estate valuation that
are beyond the capability of the standard theory, such as price bubbles in real
estate markets, anchoring bias, client influence and
valuation under uncertain market conditions.
Über den Autor

Manya M. Mooya holds a PhD in Real
Estate from the University of Pretoria, an MPhil in Land Economy from the
University of Cambridge and a BSc in Land Economy from the Copperbelt
University. He is currently Senior Lecturer in Property Studies in the Department
of Construction Economics and Management at the University of Cape Town. He
teaches courses on property valuation at both the undergraduate and
postgraduate levels. His research work, both theoretical and applied, focuses
on the twin questions of how value is created in real estate markets and on the
links between these markets and capital accumulation.

Zusammenfassung

Breaks new theoretical ground in real estate valuation theory

Provides comprehensive account of the evolution of value theory from ancient Greece

Explains the links between fundamental, abstract economic theory and practical valuation methodology

Provides explanation for major contemporary theoretical and practical problems in real estate valuation

Includes supplementary material: [...]

Inhaltsverzeichnis
Preface.- 1 Standard Theory of Real Estate Market Value: Concepts and Problems.- 2 Aristotle to Marshall: The Evolution of Economic Value Theory.- 3 Traditional Valuation Methods.- 4 Automated Valuation Models.- 5 Real Estate Markets and Neoclassical Economic Theory - A Heterodox Critique.- 6 An Alternative Theory of Market Value: Ontological Foundation.- 7 An Alternative Theory: Market Value as Convention and Market Value as Emergence.- 8 Applications to Problems of Theory and Practice.- Postscript.
Details
Erscheinungsjahr: 2018
Fachbereich: Volkswirtschaft
Genre: Recht, Sozialwissenschaften, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Inhalt: xii
185 S.
ISBN-13: 9783662569894
ISBN-10: 3662569892
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Mooya, Manya M.
Auflage: Softcover reprint of the original 1st edition 2016
Hersteller: Springer-Verlag GmbH
Springer Berlin Heidelberg
Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, D-69121 Heidelberg, juergen.hartmann@springer.com
Maße: 235 x 155 x 12 mm
Von/Mit: Manya M. Mooya
Erscheinungsdatum: 25.04.2018
Gewicht: 0,312 kg
Artikel-ID: 114228167
Über den Autor

Manya M. Mooya holds a PhD in Real
Estate from the University of Pretoria, an MPhil in Land Economy from the
University of Cambridge and a BSc in Land Economy from the Copperbelt
University. He is currently Senior Lecturer in Property Studies in the Department
of Construction Economics and Management at the University of Cape Town. He
teaches courses on property valuation at both the undergraduate and
postgraduate levels. His research work, both theoretical and applied, focuses
on the twin questions of how value is created in real estate markets and on the
links between these markets and capital accumulation.

Zusammenfassung

Breaks new theoretical ground in real estate valuation theory

Provides comprehensive account of the evolution of value theory from ancient Greece

Explains the links between fundamental, abstract economic theory and practical valuation methodology

Provides explanation for major contemporary theoretical and practical problems in real estate valuation

Includes supplementary material: [...]

Inhaltsverzeichnis
Preface.- 1 Standard Theory of Real Estate Market Value: Concepts and Problems.- 2 Aristotle to Marshall: The Evolution of Economic Value Theory.- 3 Traditional Valuation Methods.- 4 Automated Valuation Models.- 5 Real Estate Markets and Neoclassical Economic Theory - A Heterodox Critique.- 6 An Alternative Theory of Market Value: Ontological Foundation.- 7 An Alternative Theory: Market Value as Convention and Market Value as Emergence.- 8 Applications to Problems of Theory and Practice.- Postscript.
Details
Erscheinungsjahr: 2018
Fachbereich: Volkswirtschaft
Genre: Recht, Sozialwissenschaften, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Inhalt: xii
185 S.
ISBN-13: 9783662569894
ISBN-10: 3662569892
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Mooya, Manya M.
Auflage: Softcover reprint of the original 1st edition 2016
Hersteller: Springer-Verlag GmbH
Springer Berlin Heidelberg
Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, D-69121 Heidelberg, juergen.hartmann@springer.com
Maße: 235 x 155 x 12 mm
Von/Mit: Manya M. Mooya
Erscheinungsdatum: 25.04.2018
Gewicht: 0,312 kg
Artikel-ID: 114228167
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