Neil Crosby is an academic
valuer
Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value for real property (usually market value). Real estate transactions often require appraisals because they occur infrequently and every prop ...
, Professor of Real Estate at the
University of Reading
The University of Reading is a public university in Reading, Berkshire, England. It was founded in 1892 as University College, Reading, a University of Oxford extension college. The institution received the power to grant its own degrees in 192 ...
.
[http://www.emeraldinsight.com/journals.htm?articleid=844986&show=abstract ("Neil Crosby is a Professor in the Department of Land Management and Development, University of Reading")]
He has been instrumental in changing property valuation practices in the
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...
through a series of journal publications in the late 1980s and early 1990s, which dealt with questions of investment property valuation methodology, and through an influential book (''Property Investment Appraisal'', co-authored with Andrew Baum and now nearing its third edition). The
RICS
The Royal Institution of Chartered Surveyors (RICS) is a global professional body for surveyors, founded in London in 1868. It works at a cross-governmental level, and aims to promote and enforce the highest international standards in the val ...
adopted the
'Short-cut DCF' method (a.k.a. the 'Real-value' method) proposed by Crosby, in the 1997 Valuation Information Paper: ''Commercial Investment Property - Valuation Methods''.
In 2002, he was awarded the International Real Estate Society’s annual achievement award for his work in real estate research, education and practice.
See also
*
Income approach The income approach is one of three major groups of methodologies, called valuation ''approaches'', used by appraisers. It is particularly common in commercial real estate appraisal and in business appraisal. The fundamental math is similar to the m ...
Further reading
*Baum, A. and Crosby, N. (1988) ''Property Investment Appraisal'' (Second Edition), Routledge, London.
*RICS (1997) ''Commercial Investment Property: Valuation Methods - An Information Paper.
References
External links
Professor Neil Crosby official web-page at the University of Reading.
Academics of the University of Reading
Valuation professionals
Year of birth missing (living people)
Living people
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