A property valuation aims to determine the market value of a developed or undeveloped plot of land and present it in a way that the individual steps and the result are comprehensible and verifiable. This book shows you all the necessary steps to create a well-founded appraisal, taking into account the various procedural variants. Contents: Structure and requirements of an appraisal, determination of land value, valuation of developed properties: comparative value method, income value method, asset value method, controls and analyses: sensitivity analyses, plausibility checks. New in the 7th edition: "Hedonic Method" (analytical-statistical implementation of the "comparative value method"). With online aids: detailed sample appraisal, calculation examples, Excel tools as aids for valuation, laws, guidelines, and regulations.