Deals with the application of alternative techniques for property valuation and appraisal. After an initial discussion of new approaches to valuation methods, the authors describe traditional approaches and provide a critique of them. Subsequent chapters are devoted to developing models based on cash flow approaches which can aid the appraisal of property investments. Finance theory and computer technology are applied to the analysis. Throughout, complex theory is simplified to make the text as accessible as possible, both for the student and the practitioner.