The capitalization rate calculation in selected cities of the Czech Republic

Určení kapitalizační míry ve vybraných statutárních městech v České republice

Hana Janáčková and Josef Kašík

Oceňování, 2022, vol. 15, issue 3, 45-56

Abstract: The article aims to calculate the capitalization rate in selected cities of the Czech Republic based on data obtained from actual sales in the real estate market. The objective of this article is to answer three research questions. The first research question is whether, in line with theoretical assumptions, areas with higher levels of risk (in terms of long-run achievement of expected rents) will also exhibit higher capitalization rates than areas with lower levels of risk. The second research question is how the capitalization rate in selected urban areas of Ostrava changed as compared to its previously calculated level (specifically in 2018) in the same urban areas. Finally, the third research question is whether the calculated values of the capitalization rate will be different from the capitalization rate established in the Valuation Decree No. 441/2013 Coll. as amended for the legally required administrative valuation purposes.

Keywords: Capitalization rate; Income approach; Real estate; Valuation; Kapitalizační míra; Výnosový přístup; Nemovitá věc; Oceňování (search for similar items in EconPapers)
JEL-codes: R21 R31 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://ocenovani.vse.cz/doi/10.18267/j.ocenovani.281.html (text/html)
http://ocenovani.vse.cz/doi/10.18267/j.ocenovani.281.pdf (application/pdf)
free of charge

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:prg:jnloce:v:15:y:2022:i:3:id:2022_3_03:p:45-56

Ordering information: This journal article can be ordered from
Editorial office Ocenovani, Prague University of Economics and Business, W. Churchill Sq. 4, 130 67 Prague 3, Czech Republic
http://ocenovani.vse.cz

DOI: 10.18267/j.ocenovani.281

Access Statistics for this article

Oceňování is currently edited by Časopis Oceňování

More articles in Oceňování from Prague University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Stanislav Vojir ().