Qualimetric Assessment of Investment Attractiveness of the Real Estate Property

Pupentsova Svetlana () and Livintsova Maria ()
Additional contact information
Pupentsova Svetlana: Graduate School of Industrial Management and Economics, Peter the Great St. Petersburg Polytechnic University
Livintsova Maria: Graduate School of Industrial Management and Economics, Peter the Great St. Petersburg Polytechnic University

Real Estate Management and Valuation, 2018, vol. 26, issue 2, 5-11

Abstract: In this paper, an algorithm was proposed to define the integral quality coefficient of real estate (on the example of office centers) according to a property tree in the framework of qualimetric modelling. The aim of the paper is an attempt to apply qualimetric methods to evaluate the investment attractiveness of real estate property.When building a qualimetric model, information about the current state of the real estate market was gathered, and a survey of brokers and tenants of office centers was conducted to determine the quality of the selected properties. Scales which were developed to measure simple features of the real estate and evaluate the main price forming factors are presented.The researchers proposed a model that takes into account the most essential characteristics of office real estate to determine rental rates and the rate of return on investment capital.

Keywords: Qualimetric modelling; Criterion of investment attractiveness of the real estate property; Rental rate; Rate of return on capital (search for similar items in EconPapers)
JEL-codes: C25 D12 D40 D90 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/remav-2018-0011 (text/html)

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:vrs:remava:v:26:y:2018:i:2:p:5-11:n:1

DOI: 10.2478/remav-2018-0011

Access Statistics for this article

Real Estate Management and Valuation is currently edited by Sabina Zrobek

More articles in Real Estate Management and Valuation from Sciendo
Bibliographic data for series maintained by Peter Golla ().