Market Value and Cost Value - Similarities and Differences

• Autorzy: Sabina Źróbek
• Języki publikacji: EN

Abstrakty

EN

The aim of real estate valuation is to determine the value. The kind of this value is strictly related to particular needs of the client. People need property valuation mainly for the purpose of selling the property, updating the charges, accounting the fees connected with civil law transaction and for mortgage purposes. Nowadays, more and more aims of valuation are connected with property consulting. The type of value, as a result of valuation, must be clearly defined in contract between valuer and client. This need is an important reason for defining and interpreting different categories of value in legal acts (rules) and in professional standards in particular countries and on the European and the international arena. The most often required kind of value is market value, but both in legal rules and valuation standards other than non-market values are also described. The examples of such types of values are: cost value (this kind of value is strongly regulated in Polish law (Real Estate Management Act 1997 named reconstruction, mortgage - lending, investment, insurance, and cadastral value) (Table 1). (fragment of text)

Słowa kluczowe

EN

Market value; Real estate valuation; Legal regulations

PL

Wartość rynkowa; Wycena nieruchomości; Regulacje prawne

• Czasopismo: Studia i Materiały Towarzystwa Naukowego Nieruchomości
• Rocznik: 2011
• Tom: Selected Aspects of the Cost Approach in Property Valuation
• Strony: 9--16

Twórcy

autor

Sabina Źróbek

Bibliografia

• European Valuation Standards 2009. PFSRM, Warszawa
• European Valuation Standards. 2009. (EVS 2009) sixth edition, TEGoVA, 2010
• International Valuation Standards. 2007. PFSRM, Warszawa (eighth edition).
• RATTERMANN M.R. 2009. The Student Handbook to The Appraisal of Real Estate, 13th Edition, Appraisal Institute
• ŹRÓBEK R., 2009. Teoretyczne i metodyczne aspekty określania wartości zużycia łącznego nieruchomości. Studia i Materiały Towarzystwa Naukowego Nieruchomości, vol. 17, no 1, 81-93 (in Polish).