Intuitive Methods Versus Analytical Methods in Real Estate Valuation: Preferences of Polish Real Estate Appraisers

Iwona Foryś () and Radosław Gaca
Additional contact information
Radosław Gaca: Kancelaria Rzeczoznawcy Majątkowego R.Gaca

Chapter Chapter 6 in Problems, Methods and Tools in Experimental and Behavioral Economics, 2018, pp 79-87 from Springer

Abstract: Abstract Market analysis is one of the basic and essential stages in the process of estimating the market value of real property. In this context, both the legal provisions in force in Poland and the methodological guidelines contained in the valuation standards leave appraisers with considerable flexibility in the use of specific methods. The research referred to only that part of the market analysis which focuses on a dependency study and ultimately aimed at determining materiality and subsequently the magnitude of the impact of market characteristics on the differentiation of transaction prices. The chapter analyzes the methods used by Polish real estate appraisers and the context of using the conclusions resulting from the analyses. The study provided the response on the appraisers’ preference for valuation approaches and methods. On the basis of the conclusions of the study, a critical assessment of the causes influencing the range of applied analytical tools identified was also carried out. In summary, on the basis of the collected results, recommendations regarding possible changes to legal regulations and professional norms relating to the studied area of professional activity were presented.

Keywords: Intuitive methods; Real estate valuation; Real estate market analysis; Market value (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-99187-0_6

Ordering information: This item can be ordered from
http://www.springer.com/9783319991870

DOI: 10.1007/978-3-319-99187-0_6

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().