Table of contents

  1. Front Matter
    Pages i-xviii
  2. Introduction

    1. W. D. Fraser
      Pages 1-4
  3. Principles of Investment and Asset Pricing

    1. Front Matter
      Pages 5-5
    2. W. D. Fraser
      Pages 7-17
    3. W. D. Fraser
      Pages 29-44
    4. W. D. Fraser
      Pages 56-66
    5. W. D. Fraser
      Pages 67-77
    6. W. D. Fraser
      Pages 78-87
    7. W. D. Fraser
      Pages 88-97
  4. Property Investments — Prices and Yields

    1. Front Matter
      Pages 99-99
    2. W. D. Fraser
      Pages 110-125
    3. W. D. Fraser
      Pages 126-148
    4. W. D. Fraser
      Pages 149-166
  5. The Determination of Rental Value

    1. Front Matter
      Pages 167-167
    2. W. D. Fraser
      Pages 169-181
    3. W. D. Fraser
      Pages 198-218

About this book


This book is a comprehensive analysis of property investment and the market's determination of commercial property values and investment performance. The author examines the economic forces that operate in the property market by placing property in the context of the overall investment market and the local, national and international economies. Relevant concepts and principles of economics, investment and finance are identified; these are then used to explain the operation of the property market and property price determination. The text begins with a study of the stock market, identifying the principles and forces which explain the price determination of stocks and shares. These principles are then applied to commercial property investments and a simple theory is developed. The three major sectors of the property market (letting, development and investment) are then analysed in depth, and the pricing theory is reviewed. After an examination of the influence of government intervention, the subject is synthesised by detailed studies of three of the most turbulent periods in the history of the post Second World War property market in the UK. In this second edition, both the text and illustrative examples have been updated. The theory of the market's determination of rental values and yields have been substantially revised and developed. A new chapter, discussing the 1980s property boom and the 1990s collapse, has been added.


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Authors and affiliations

  1. 1.Department of Land EconomicsUniversity of PaisleyUK

Bibliographic information

  • Book Title Principles of Property Investment and Pricing
  • Authors Will Fraser
  • Series Title Building and Surveying Series
  • DOI
  • Copyright Information Macmillan Publishers Limited 1993
  • Publisher Name Palgrave, London
  • eBook Packages Palgrave Business & Management Collection Business and Management (R0)
  • Softcover ISBN 978-0-333-60162-4
  • eBook ISBN 978-1-349-13311-6
  • Edition Number 2
  • Number of Pages XVIII, 411
  • Number of Illustrations 0 b/w illustrations, 0 illustrations in colour
  • Additional Information Previously published under the imprint Palgrave
  • Topics Real Estate Management
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking