2016Unpublished venueRequires access

Real Estate Market Value in the Light of Valuation Practices

Sabina Źróbek, Marek Walacik

Open publisher page 2 citations

Abstract

The knowledge of property value is required by many entities, representing both public authorities, as well as the private sector. Among many kinds of values, market value seems to be most desired. Its definition has been formed on the international level and accepted by the legal systems of many different countries worldwide. However, there are valuation purposes for which the assumptions of the market value cannot be fully realised in the valuation process. The authors of the paper undertook an analysis of the suitability of indicating market value as the basis for valuation, mainly in the light of the Polish legal regulations, identified the causes of mismatch and offered possible solutions.

About this research paper

What this paper is about

The knowledge of property value is required by many entities, representing both public authorities, as well as the private sector. Among many kinds of values, market value seems to be most desired. Its definition has been formed on the international level and accepted by the legal systems of many different countries worldwide. However, there are valuation purposes for which the assumptions of the market value cannot be fully realised in the valuation process. The authors of the paper undertook an analysis of the suitability of indicating market value as the basis for valuation, mainly in the light of the Polish legal regulations, identified the causes of mismatch and offered possible solutions.

Why it matters

OpenAlex reports 2 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

The knowledge of property value is required by many entities, representing both public authorities, as well as the private sector. Among many kinds of values, market value seems to be most desired. Its definition has been formed on the international level and accepted by the legal systems of many different countries worldwide. However, there are valuation purposes for which the assumptions of the market value cannot be fully realised in the valuation process. The authors of the paper undertook an analysis of the suitability of indicating market value as the basis for valuation, mainly in the light of the Polish legal regulations, identified the causes of mismatch and offered possible solutions.

Key concepts: Valuation (finance), Market value, Real estate, Property market, Business, Income approach, Estate, Value (mathematics)

Related papers

Back to paper searchBrowse research topicsOriginal source
Real Estate Market Value in the Light of Valuation Practices — Research Paper | ScholarLens