Overview
- 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: sn.pub/extras
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Table of contents (8 chapters)
Keywords
About this book
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.
Authors and Affiliations
About the author
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.
Bibliographic Information
Book Title: Real Estate Valuation Theory
Book Subtitle: A Critical Appraisal
Authors: Manya M. Mooya
DOI: https://doi.org/10.1007/978-3-662-49164-5
Publisher: Springer Berlin, Heidelberg
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: Springer-Verlag Berlin Heidelberg 2016
Hardcover ISBN: 978-3-662-49163-8Published: 29 March 2016
Softcover ISBN: 978-3-662-56989-4Published: 25 April 2018
eBook ISBN: 978-3-662-49164-5Published: 17 March 2016
Edition Number: 1
Number of Pages: XII, 185
Topics: Economic Theory/Quantitative Economics/Mathematical Methods, Heterodox Economics, Real Estate Management