REVISITING THREE APPROACHES OF REAL ESTATE APPRAISAL

Ünsal Özdilek

ERES from European Real Estate Society (ERES)

Abstract: This paper revisits the three classical approaches of real estate appraisal: cost summation, income capitalization and market price comparison. It brings a different perspective of analyzing these three methods and shows the importance of using them concurrently in order to better estimate market value of a certain catogory of property. It also revisits classical supply and demand model of economic analysis.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2010-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2010_259

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