Objective and Subjective Perception of Real Estate Features in the Light of an Experimental Study

Iwona Foryś () and Radosław Gaca ()
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Radosław Gaca: Kancelaria Rzeczoznawcy Majątkowego

Chapter Chapter 19 in Experimental and Quantitative Methods in Contemporary Economics, 2020, pp 265-275 from Springer

Abstract: Abstract Issues related to the objectification of the assessment of real estate as a subject of market turnover or valuation constitutes one of the basic problems of real estate management. The problems described are not limited only to the real estate market. It is universal in relation to various types of consumer and capital goods, especially in the case of the assessment of qualitative characteristics of these goods. The research problem concerns the issue of objectification of the assessment of the quality characteristics of real estate using standardized methods for measurement. For this purpose, an experimental study was carried out on the perception of the characteristics of real estate and the assessments made by real estate appraisers, using the modified method of semantic differential. The obtained results confirmed that the use of this standardized measurement tool leads to an increase in the objectivity of measurement. In the following stages, the results obtained should be generalized for the entire population of real estate appraisers, ensuring that the research is representative.

Keywords: Intuitive methods; Real estate valuation; Semantic differential method; Market value (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-30251-1_19

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DOI: 10.1007/978-3-030-30251-1_19

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