Revised edition of the authors' The income approach to property valu ation, 2011.

Includes bibliographical references and index.

The global framework -- Local frameworks -- Fundamental financial co ncepts for the income approach -- Fundamental methodologies for the inc ome approach -- Ethics, standards, practice and processes -- Market val uation basic principles -- The income approach : freeholds -- Leasehold s -- The impact of uk landlord and tenant legislation, and practice on the valuation of commercial and residential property -- Investment anal ysis -- Development opportunities -- Profits based valuations -- The hi storical development of the income approach -- Contemporary issues for valuation practice -- Appendix A -- Appendix B -- Appendix C -- Acronym s -- Index.