THE REAL ESTATE MARKET IN ROMANIA IN THE MARKET APPROACH

Cristina Mihaela Onica (), Mariana Iorga () and Anisoara Cojocaru Chiriac ()
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Cristina Mihaela Onica: “Dunarea de Jos University” of Galati, Romania
Mariana Iorga: “Dunarea de Jos University” of Galati, Romania
Anisoara Cojocaru Chiriac: “Transilvania University” of Brasov, Romania

Risk in Contemporary Economy, 2015, 450-456

Abstract: A real estate market is a group of companies or people that are in contact, aimed at conducting real estate transactions. The market participants may be represented by buyers, sellers, tenants, owners, debtors and creditors, entrepreneurs, managers, investors and intermediaries. The concepts of anticipation and change, with the principles of supply and demand, substitution, balance and external conditions are extremely important in the market approach. An appraiser takes into account all these principles and simulateneously tries to consider all relevant conditions for the problem appraisal, so that they could reflect reality and the local market conditions.

Keywords: real estate market; appraiser; substitution; balance; supply and demand (search for similar items in EconPapers)
Date: 2015
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