Problems with market value assessment on low-turnover markets - the case of Poland

Ewa Kuchareska

ERES from European Real Estate Society (ERES)

Abstract: Property valuation as an attempt for market objectivisation In a market economy environment most property valuations seek the market value. Reasons for valuation such as a transfer of rights, determination of the base amount for calculating charges and taxes, seeking the value of a collateral that secures lenderÌs rights require market objectivisation. Market value, defined as the most frequent and thus the most probable price, is an attempt of such objectivisation.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2003-06-01
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