Practical Issues in the Valuation of the Construction Right in Bulgaria Cover Image

Практически въпроси при оценката на отстъпеното право на строеж в България
Practical Issues in the Valuation of the Construction Right in Bulgaria

Author(s): Ivo KOSTOV
Subject(s): Economy, Business Economy / Management
Published by: Икономически университет - Варна
Keywords: BVS; Construction right; Practical issues; Residual method; Valuаtion
Summary/Abstract: The paper explores practical issues in the assessment of construction right in Bulgaria. Some specific features of this particular subject of evaluation are considered, as well as cases where such assessments are required. The conceptual apparatus, in relation to the topic of the paper, was traced. The results of a survey among the valuers in the country are presented. A methodology for the assessment of construction right is proposed, based on a real-life example of market practice and the residual method. Some specifics of the current BVS have been sifted. Based on the study, some conclusions and summaries are presented.