Real Estate Market Value in the Light of Valuation Practices

Sabina Źróbek () and Marek Walacik ()
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Sabina Źróbek: University of Warmia and Mazury in Olsztyn
Marek Walacik: University of Warmia and Mazury in Olsztyn

World of Real Estate Journal (Swiat Nieruchomosci), 2016, issue 98, 37-40

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.

Keywords: aim of valuation; market value; real estate (search for similar items in EconPapers)
JEL-codes: R00 R38 R52 R58 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:kra:journl:y:2016:i:98:p:37-40

DOI: 10.14659/worej.2016.98.05

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