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Real Estate Market Value in the Light of Valuation Practices

Author

Listed:
  • Sabina Źróbek

    (University of Warmia and Mazury in Olsztyn)

  • Marek Walacik

    (University of Warmia and Mazury in Olsztyn)

Abstract

The knowledge of property value is required by many entities, representing both public authorities, as well as the private sector. Among many kinds of values, market value seems to be most desired. Its definition has been formed on the international level and accepted by the legal systems of many different countries worldwide. However, there are valuation purposes for which the assumptions of the market value cannot be fully realised in the valuation process. The authors of the paper undertook an analysis of the suitability of indicating market value as the basis for valuation, mainly in the light of the Polish legal regulations, identified the causes of mismatch and offered possible solutions.

Suggested Citation

  • Sabina Źróbek & Marek Walacik, 2016. "Real Estate Market Value in the Light of Valuation Practices," World of Real Estate Journal (Swiat Nieruchomosci), Fundacja Uniwersytetu Ekonomicznego w Krakowie, issue 98, pages 37-40, December.
    • Handle: RePEc:kra:journl:y:2016:i:98:p:37-40
    DOI: 10.14659/worej.2016.98.05
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    More about this item

    Keywords

    aim of valuation; market value; real estate;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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