TY  - JOUR
AB  - The valuation of real estate is a central tenet for all businesses. Land and property are factors of production and, as with any other asset, the value of the land flows from the use to which it is put, and that in turn is dependent upon the demand (and supply) for the product that is produced. Valuation, in its simplest form, is the determination of the amount for which the property will transact on a particular date. However, there is a wide range of purposes for which valuations are required. These range from valuations for purchase and sale, transfer, tax assessment, expropriation, inheritance or estate settlement, investment and financing. The objective of the paper is to provide a brief overview of the methods used in real estate valuation. Valuation methods can be grouped as traditional and advanced. The traditional methods are regression models, comparable, cost, income, profit and contractor’s method. The advanced methods are ANNs, hedonic pricing method, spatial analysis methods, fuzzy logic and ARIMA models.
VL  - 21
IS  - 4
SN  - 1463-578X
DO  - 10.1108/14635780310483656
UR  - https://doi.org/10.1108/14635780310483656
AU  - Pagourtzi Elli
AU  - Assimakopoulos Vassilis
AU  - Hatzichristos Thomas
AU  - French Nick
PY  - 2003
Y1  - 2003/01/01
TI  - Real estate appraisal: a review of valuation methods
T2  - Journal of Property Investment & Finance
PB  - MCB UP Ltd
SP  - 383
EP  - 401
Y2  - 2024/04/18
ER  -