CHICAGO (Dec. 13, 2010) – Cross-border investing for growth and portfolio diversification has taken the business world by storm, according to a one-of-a-kind book published this week by the Appraisal Institute, the nation’s largest professional association of real estate appraisers.
"Real Estate Valuation in Global Markets," second edition, describes appraisal practice in 47 countries with comprehensive, on-the-ground information from local experts. Edited by Howard C. Gelbtuch, MAI, with Eunice Park, the book addresses how global changes can affect the appraisal business and outlines the opportunities that await international valuers.
"Real Estate Valuation in Global Markets" offers background information on the geography, political structure and economy of each of the 47 countries studied as well as providing specific information on real property rights, licensing and certification of appraisers, and appraisal theory and practice. Case studies demonstrating valuation methodology also are included.
"Real Estate Valuation in Global Markets" (ISBN: 978-1-935328-12-4) is available for $75 ($60 for Appraisal Institute members) plus postage at www.appraisalinstitute.org/globalmarkets or by calling 1-800-504-7440 from 8 a.m. to 5 p.m. EST. It is 617 pages and is published in soft cover. Downloads of specific sections are available for Western Europe, Central & Eastern Europe, Americas, Africa & the Middle East, and Asia & Oceania. Downloads are $25 each ($20 for Appraisal Institute members).
Gelbtuch is a graduate of New York University with a Bachelor of Science degree in finance and holds a Master of Business Administration in real estate from the Bernard M. Baruch College in New York City. He has been a senior vice president and head of the real estate department at Integrated Resources, Inc.; director of research at Morgan Stanley Realty, Inc.; director in charge of the real estate appraisal practice at Coopers & Lybrand; and senior director of Jones Lang Wootton USA, where he supervised the firm’s valuation activities in North and South America.
Since 1994, he has been a principal of Greenwich Realty Advisors Inc., a New York City-based, internationally oriented real estate valuation and counseling firm. An accomplished author, he has valued properties or taught valuation courses and seminars throughout the Americas, Europe, the Middle East, Africa and Asia.
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The Appraisal Institute is a global membership association of professional real estate appraisers, with more than 25,000 members and 91 chapters throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Members of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA and SRA designations. For more information regarding the Appraisal Institute, please visit www.appraisalinstitute.org.