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Books > Business & Economics > Finance & accounting > Finance > Investment & securities
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Real Estate Valuation Theory - A Critical Appraisal (Paperback, Softcover reprint of the original 1st ed. 2016)
Loot Price: R3,078
Discovery Miles 30 780
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Real Estate Valuation Theory - A Critical Appraisal (Paperback, Softcover reprint of the original 1st ed. 2016)
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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.
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