Taxonomic and econometric methods in individual real estate evaluation  Cover Image

Propozycja procedury taksonomiczno- -ekonometrycznej w indywidualnej wycenie nieruchomości
Taxonomic and econometric methods in individual real estate evaluation

Author(s): Mariusz Doszyń, Sebastian Gnat
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: property evaluation; taxonomic measure of real estate attractiveness; econome-tric modelsin real estate valuation

Summary/Abstract: The main aim of the article is to propose a procedure of real estate evaluation that encompasses both econometric and taxonomic approach. The described procedure consists of two stages. In the first, real estates are classified with respect to their attractive-ness by means of synthetic measure of development (taxonomic measure). In the next stage econometric model is estimated with a price as a dependent variable and synthetic measure of development as an independent variable. In the empirical example such a model was used in the evaluation of chosen land properties in Szczecin. Results were compared with those that were obtained by professional appraisers.

  • Issue Year: 2015
  • Issue No: 385
  • Page Range: 81-89
  • Page Count: 9