Property and Money
eBook - ePub

Property and Money

  1. 380 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

Property and Money

About this book

Property and Money is a simple guide to the investment and financial aspects of commercial property. Putting property into its financial context, it seeks to bridge the world of the surveyor and property developer and the investment and financial markets of the City of London.The book starts from first principles, assuming no pre-existing knowledge. It is thus suitable for students as well as more established property practitioners and its appeal extends to bankers, solicitors, accountants and fund managers whose work brings them into contact with commercial property transactions. This updated and expanded edition includes coverage of:

- Principles and pitfalls of property finance

- How the property investment market works

- Evaluating property and its performance

- Understanding property companies and their accounts

- How property companies get into trouble

- Bank loans, bonds, profit-share agreements, leasebacks and other methods of property finance

- The crash of the early 1990's and its consequences.Based on a widely acclaimed series of articles that appeared in Estates Gazette magazine, Property and Money is complemented by an extensive index and glossary and enlivened by Nick Newman's cartoonist-eye view of the property world.

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Yes, you can access Property and Money by Michael Brett in PDF and/or ePUB format, as well as other popular books in Technology & Engineering & Construction & Architectural Engineering. We have over one million books available in our catalogue for you to explore.

Table of contents

  1. Cover
  2. Title page
  3. Copyright page
  4. Acknowledgements
  5. Contents
  6. Introduction
  7. Chapter 1 Characteristics of property
  8. Chapter 2 What we mean by yield
  9. Chapter 3 Why values rise and fall
  10. Chapter 4 Valuing future rental increases
  11. Chapter 5 Evaluating the asking price
  12. Chapter 6 Calculating the actual return
  13. Chapter 7 Valuing leaseholds
  14. Chapter 8 What land is worth
  15. Chapter 9 Measuring property performance
  16. Chapter 10 When valuations are needed
  17. Chapter 11 How accurate are valuations?
  18. Chapter 12 Valuing from the armchair
  19. Chapter 13 Property financing constraints
  20. Chapter 14 Investors and traders
  21. Chapter 15 Property and property company shares
  22. Chapter 16 Foreword to the figurework
  23. Chapter 17 Tackling property company accounts
  24. Chapter 18 On and off balance sheet
  25. Chapter 19 Classes of capital and capital issues
  26. Chapter 20 Calculating with convertibles
  27. Chapter 21 The profit and loss account
  28. Chapter 22 Profit and loss refinements
  29. Chapter 23 Untangling a property trader
  30. Chapter 24 Off balance sheet traders
  31. Chapter 25 Cash flow before profit
  32. Chapter 26 Launches on the stock market
  33. Chapter 27 Property company takeovers
  34. Chapter 28 Categories of finance
  35. Chapter 29 Financing with commercial paper
  36. Chapter 30 Multiplying the financing options
  37. Chapter 31 Hedging interest rate risks
  38. Chapter 32 Borrowing for the long term
  39. Chapter 33 Yields and redemption yields
  40. Chapter 34 Problems of security
  41. Chapter 35 Tapping the euromarkets
  42. Chapter 36 Warrants, options and complex convertibles
  43. Chapter 37 Project loans for development
  44. Chapter 38 Loans with profit share
  45. Chapter 39 Lenders and loan enhancements
  46. Chapter 40 Mortgages for business
  47. Chapter 41 Credit risk and credit enhancement
  48. Chapter 42 Leasebacks old and new
  49. Chapter 43 Unitisation and securitisation
  50. Chapter 44 How property bucks the trend
  51. Chapter 45 Trends in finance and property cycles
  52. Chapter 46 The crash of the early 1990s
  53. Chapter 47 Valuing over-rented properties
  54. Chapter 48 Phoney rents and true rents
  55. Chapter 49 How rent-free periods affect values
  56. Chapter 50 Why landlords like headline rents
  57. Chapter 51 Valuing with shorter leases
  58. Chapter 52 Who does what in property
  59. Glossary
  60. Index