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Assessing the Value of Real Property

Author(s): Marek Stawecki
Subject(s): Politics / Political Sciences, Economy, Law, Constitution, Jurisprudence, Business Economy / Management, Public Administration, Public Law
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: valuation; value; real property; real estate appraiser; appraisal study

Summary/Abstract: The assessment of real property value is made, irrespective of the nature of the value, as a result of valuation of the real property. Real estate appraiser is authorized to conduct these actions and he gives in writing his opinion regarding the value of the property in the form of appraisal study. The way of assessing the value of real property i.e. choosing the right approach, method as well as techniques of property valuation is made by the above mentioned entity taking into account especially the purpose of the valuation, type and location of the property, the function it was assigned to in the local plan, technical infrastructure equipment level and utilities as well as available data regarding the prices of similar properties. The whole process of real property valuation should be proceeded by a thorough analysis of real estate market including the comprehensive price analysis based on all data available. However, the scope of this market must be assessed with taking into account the differences appearing in the territory of a given town or city.

  • Issue Year: 2018
  • Issue No: 10
  • Page Range: 99-113
  • Page Count: 15
  • Language: Polish