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Practical Issues In The Valuation Of The Construction Right In Bulgaria

Author

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  • Ivo Kostov

Abstract

The paper explores practical issues in the assessment of construction right in Bulgaria. Some specific features of this particular subject of evaluation are considered, as well as cases where such assessments are required. The conceptual apparatus, in relation to the topic of the paper, was traced. The results of a survey among the valuers in the country are presented. A methodology for the assessment of construction right is proposed, based on a real-life example of market practice and the residual method. Some specifics of the current BVS have been sifted. Based on the study, some conclusions and summaries are presented.

Suggested Citation

  • Ivo Kostov, 2019. "Practical Issues In The Valuation Of The Construction Right In Bulgaria," INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE "CONSTRUCTION ENTREPRENEURSHIP AND REAL PROPERTY", University of Economics - Varna, issue 1, pages 123-131.
    • Handle: RePEc:vrn:emccon:y:2019:i:1:p:123-131
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    File URL: http://conference.ue-varna.bg/emc/wp-content/uploads/2019/11/sbornik-dokladi_2019.pdf
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    More about this item

    Keywords

    BVS; Construction right; Practical issues; Residual method; Valuation;
    All these keywords.

    JEL classification:

    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis

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