The importance of property as an investment medium continues to grow. Investors in property or those involved with the provision of expert advice to investors have had to improve the effectiveness and efficiency of their decision making. The aim of this book is to lay down the theoretical foundations of investment decision making, incorporating the techniques and procedures of modern management science, so that particular decisions regarding property investment can be made efficiently and rationally.
Introduction. Part 1: Property investment decisions. The rationale of investment and investment decision-making. Investment strategy and objectives - the portfolio approach. Decision criteria - return and risk. Investment performance. Part 2: Quantitative techniques for decision making. Techniques for "invest or not" decisions. Resource allocation. Resource planning. Networks. Resource management. The analysis of investment risk. Part 3: The measurement and assessment of investment performance. The rationale of the appraisal of investment performance. The measures and indicators of performance. The uses of various indices in performance appraisal. Performance measurement systems. Part 4: Information needs - provision, management. Information needs and the sources of data. The processing and management of information. Property decisions in practice: Examples. Property decisions in practice. Bibliography. Appendices. Index.