The algorithm of urban estates valuation
Parzych, Piotr & Jaroslaw Bydlosz
The urban estates are particular components of ground property. The urban estates are characterized by the ground components of great complication. Urbanized estates may be of following type: urban grounds, commercial premises, office buildings, welfare buildings, industrial buildings, warehouse buildings and small buildings of some type. Transactions including urban estates are not very common at the real estatess market. However, if a transaction takes place, all components of the estate have an influence on the transaction price. The application of such transaction prices for the valuation of similar estates is very complicated, for estatess components structure is highly differentiated and it is not possible to establish estatess representative reference unit. The algorithm enabling the sold industrial estates unit elementts and transaction prices comparative analysis with elements of valuated urban estates will be presented in this paper. This algorithm is based on statistical modelling. Its result is the industrial estatess market value estimation.
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