Periodic worldwide economic turmoil over the last few decades has
created an environment in which the degree of risk of investment
assets is now an important factor in their evaluation. Real Estate
Investment: A Capital Market Approach is the first text to examine
the effect of such changes on real estate markets, taking an
in-depth look at three major areas of financial and economic
importance within the real estate profession: * The time value of
money and the valuation of cash flows * Risk and return in real
estate * Portfolio management Real Estate Investment: A Capital
Market Approach is aimed primarily at students on both
undergraduate and postgraduate courses in property investment or
finance and MBA real estate specialists. The text is also of
interest to fund managers, property researchers and professional
investment valuers.
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