APC: Valuation (Only at CHESTER LE STREET)

Candidates in the Commercial Practice and Valuation APC routes will need to demonstrate knowledge in the valuation competency to level 3.

This is sometimes necessary without having had much direct experience of capital valuations, and it is therefore important to address any such deficiency through effective professional development initiatives.

SPEAKER:

Austen Imber

Austen is a training and development adviser, and APC assessor whose further interests include the position as editor/author of Estates Gazette’s Mainly for Students series.

He has worked as a general practice surveyor in the private practice, public and corporate sectors, and retains an advisory role in respect of some previous interests.

The seminar will:

• Provide an example of a valuation process in respect of the valuation of an investment property for loan security purposes.
  

• Summarise the different types of investor within the market, the properties they seek and how they appraise their acquisitions.
  

• Explain valuation approaches to investment property in respect of under-rented, market rented and over-rented scenarios.
  

• Explain terms and issues such as all risks yield, initial yield, net initial yield, equivalent yield, purchasers’ costs, quarterly in advance, equated yield/growth explicit valuation.
  

• Summarise the key issues within development valuations, and comment briefly on other valuations such as profits/accounts, DRC, insurance valuation, capital gains tax.
  

• Provide an overview of the Red Book and aspects that candidates need to focus on.

AFTERNOON SESSION - 2.00 p.m. to 5.00 p.m.

Tuesday, 4 November 2003 - CHESTER LE STREET