IDEAS home Printed from https://ideas.repec.org/a/kra/journl/y2016i98p23-28.html
   My bibliography  Save this article

The Real Estate Value as the Basis of Valuation: Definitional and Interpretational Problems

Author

Listed:
  • Ewa Kucharska-Stasiak

    (University of Lodz)

Abstract

One of the most important categories in the process of real estate valuation is market value. Both its definition and interpretation are a subject of many discussions and disputes. The practice of valuation reveals that this category is not properly understood. Valuation without understanding the concept of value is worthless. Using the definition without understanding this category has negative consequences for the credibility of the valuation. This article aims to explain the economic origins of the current definition and interpretations of value and thus refer to certain elements of the methodology and practice of valuation. Two research methods are applied in the paper, i.e. literature and descriptive studies.

Suggested Citation

  • Ewa Kucharska-Stasiak, 2016. "The Real Estate Value as the Basis of Valuation: Definitional and Interpretational Problems," World of Real Estate Journal (Swiat Nieruchomosci), Fundacja Uniwersytetu Ekonomicznego w Krakowie, issue 98, pages 23-28, December.
    • Handle: RePEc:kra:journl:y:2016:i:98:p:23-28
    DOI: 10.14659/worej.2016.98.03
    as

    Download full text from publisher

    File URL: http://swiatnieruchomosci.krakow.pl/pl/sklep/pojedyncze-artyku%C5%82y/2016/numer-98/artyku%C5%82-98-03
    Download Restriction: no
    File URL: https://libkey.io/10.14659/worej.2016.98.03?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    market value of real estate; origins of defining and interpreting value; methodology and practice of valuation;
    All these keywords.

    JEL classification:

    • K2 - Law and Economics - - Regulation and Business Law
    • N00 - Economic History - - General - - - General
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kra:journl:y:2016:i:98:p:23-28. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Karolina Orzeł (email available below). General contact details of provider: https://edirc.repec.org/data/aekrapl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.