The Valuation of Real Estate

Babcock, Frederick M.

doi:10.2307/1331780

Cited by 12 publications

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“…The theory of estimation has long been based on neoclassical economic theory, according to which market value is a function of supply and demand on the horizon of longterm equilibrium [3]. However, property prices correspond to their value only in a highly efficient market [4,5]. The Ukrainian real estate market is not highly efficient: supply and demand is not in balance, potential users may be misunderstood (insufficiently) informed, and the activities of producers may be ineffective.…”

Section: Research Resultsmentioning

confidence: 99%

“…In [1,2] it is proved that the cause of the global financial crisis, first of all, arose in the financing sector for the construction of real estate, there is a distorted view of the value of these facilities. The genesis of value theories is studied in [3][4][5][6][7][8][9]. A significant merit is the creation, on the basis of regularities, of the formation of demand and position in parallel with the theory of the value of the detailed theory of price [3].…”

Section: Research Of Existing Solutions Of the Problemmentioning

confidence: 99%

“…A significant merit is the creation, on the basis of regularities, of the formation of demand and position in parallel with the theory of the value of the detailed theory of price [3]. The authors [4][5][6][7][8][9] came to the conclusion that cost is an economic indicator with the help of which in the long term the integral effect of the influence of managerial decisions taken by business entities is estimated. Theoretical and practical issues of property valuation in the implementation of credit transactions in the real estate market are regulated in [10][11][12][13][14].…”

Section: Research Of Existing Solutions Of the Problemmentioning

confidence: 99%

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Methodological principles for the valuation of the mortgage real estate

Kalynichenko

2017

TAPR

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Обґрунтовано, що однією з причин виникнення кризових явищ на ринку нерухомості є недостатня увага до якості аналітичної роботи. Проаналізовано стан іпотечного ринку в Україні. Визначено додаткові оціночні процедури, які необхідно застосовувати у процесі оцінювання заставного нерухомого майна. Розроблено методичні основи та практичні рекомендації щодо їх застосування. ключові слова: іпотечний ринок, ринкова вартість, заставна вартість, ліквідаційна вартість, моніторинг ринку нерухомості. Kalynichenko i.

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Section: Research Resultsmentioning

confidence: 99%

Section: Research Of Existing Solutions Of the Problemmentioning

confidence: 99%

Section: Research Of Existing Solutions Of the Problemmentioning

confidence: 99%

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Methodological principles for the valuation of the mortgage real estate

Kalynichenko

2017

TAPR

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“…The problem with this analysis is that economies in the 12 Such evidence is bolstered by recent data on the causal relationship between crime and income by Johnson (1997). 13 This braod modeling approach can be traced back to Babcock's (1932) concept of the axial city.…”

Section: The On-going Phasementioning

confidence: 99%

Where Did the ‘New Urban Economics’ Go after 25 Years?

Button

2000

Advances in Spatial Science

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may ABSTRACTThe notion of the 'New Urban Economics' emerged in the late 1960s as more rigorous approaches were applied to what had largely hitherto been an essentially descriptive approach to analyzing urban economies. The application of mathematical methods to urban problems offered the prospect of both a more thorough understanding of how urban economic systems function and a basis upon which frameworks could be developed for quantitative testing of alternative ideas. The aim of this paper is to examine the extent to which this new approach has lived up to initial expectations and degree to which modern urban economics has managed to circumvent some of the earlier criticisms raised against it. It also assesses the extent to which the new urban economics has fulfilled its promise of allowing greater quantification of urban parameters as aids to policy making.

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“…to provide information for management, 2. for tax assessment, 3. for sale or transfer of a business, 4. for condemnation, 5.…”

Section: Introductionmentioning

confidence: 99%

The valuation of industrial property with declining operation returns

Yoo

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It is usually impossible to measure the value of a property directly. Thus, the appraisal process depends upon judgment based on various evidences of value. The valuation procedure is usually divided into four categories [2]: 1) define purposes of the valuation, the parties, place, and tine, 2) define property to be considered, 3) develop the evidences, and 4) weigh the evidences and determine estimate of value. From the above, the evidences of value are of interest and require further explanation. Marston et al. presented three evidences of value in their text [1]: Market price, cost of replacing the service rendered by the property, and present value of the future returns from the property are usually relatively good measures of the value of property to the owner. Babcock divided the category of evidences as the income method, the replacement cost method, and the market comparison method [4], Based on the sources cited above, three evidences of value can be defined. These are: 1) market evidence, 2) cost evidence, and 3) income evidence. These three approaches are commonly accepted as bases for judgmental determination of value. A description of each of these evidences follows. B. The Market Evidence The market evidence of value consists of an investigation of prices paid for similar properties in a ready and open market. The market

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The Valuation of Real Estate

Cited by 12 publications

References 0 publications

Methodological principles for the valuation of the mortgage real estate

Methodological principles for the valuation of the mortgage real estate

Where Did the ‘New Urban Economics’ Go after 25 Years?

The valuation of industrial property with declining operation returns

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