Completely revised to incorporate recent developments in practice this second edition of Scarretts established text describes the process of valuation of real estate through its five principal methods: comparative investment residual profits & contractors methods. Unlike most existing texts the book is designed to allow students to read about the methods either chapter-by-chapter or as a whole thus enabling a deeper understanding of each in its own right as well as how they fit together. Discussing changes in retail practice & the role of accountants in looking at viability of businesses the book features new case studies enhanced visual aids diagrams & tables to help readers visualize the process. It is essential reading for those studying property valuation in addition to practitioners who will find useful guidance to underpin their practice.