Does the analytical hierarchy process help appraisers make better decisions? A quasi-experimental approach for property investment comparables
Vincent Uwaifiokun Aihie,
Abiodun Kolawole Oyetunji,
Temitope Omotayo
et al.
Abstract:PurposeIncome from investment properties can fluctuate depending on the state of the economy. The idea that there is always a potential exit (sale) value whenever the property stops performing at its optimum or deflation in the economy will always appeal to investors. To determine housing prices, investors would rely on a direct comparison approach (DCA) of recent substitute sales in the open market. Appraisers use this approach to develop an opinion of value when there is a plethora of recent sales to analyse… Show more
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