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Evaluation
Published in Kevin Dean, Claudia Trillo, Angela Lee’s, Sustainable Urban Regeneration, 2022
Kevin Dean, Claudia Trillo, Angela Lee’s
Of similar guidance to the ‘Green Book’ is the so-called ‘Red Book’ published by the Royal Institution of Chartered Surveyors (RICS, 2017). Although the Red Book does advise that data collection and inspection routines should be extended when working within the sustainability agenda, that sustainability considerations are considered as important when undertaking valuation assignments (Bichard, 2015) and that valuers are actively encouraged to identify and collect sustainability related data, the guidance uses the following methods of valuation which are all entirely economically based and therefore not holistic in terms of the triple bottom line of sustainable development (taken directly from the RICS ‘Red Book’, 2017): The Market ApproachThe market approach measures the value of an asset by comparing recent sales or offerings of similar or substitute property and related market data.The Income ApproachThe income approach measures the value of an asset by the present value of its future economic benefits. These benefits can include earnings, cost savings, tax deductions and proceeds from its disposal.The Cost ApproachThe cost approach indicates the value of an asset by the cost to create or replace it with another similar asset.
Integrating climate change impacts in the valuation of hydroelectric assets
Published in Jean-Pierre Tournier, Tony Bennett, Johanne Bibeau, Sustainable and Safe Dams Around the World, 2019
K. Pineault, E. Fournier, A. Lamy, A. Hannart, R. Arsenault
The income approach: a valuation technique that converts future amounts of cash flows, income and expenses, to a single current discounted amount. It considers the present value of future economic benefits.
Suez Canal Region as an economic hub in Egypt location analysis for the mass real estate appraisal process
Published in HBRC Journal, 2020
Reham M. Hafez, Ibrahim Madney
The income approach indicates value by converting future cash flows to a single current capital value. This approach considers the income that an asset will generate over its useful life and indicates value through a capitalization process. Capitalization involves the conversion of income into a capital sum through the application of an appropriate discount rate. The income stream may be derived under a contract or contracts, or be non-contractual.