Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2016 | 9 | nr 2 | 150--157
Tytuł artykułu

Selected Aspects of Real Estate Appraisers' Professional Training on the background of Economic Theory

Treść / Zawartość
Warianty tytułu
Języki publikacji
This study is aimed at presenting the role of economic principles in the real estate valuation process raised in appraisal theory. The formulated theses suggest that the reasons for not appreciating economic issues in the appraisal process should be sought in the education system of persons authorised to perform real estate appraisals. In order to research how economy theory was adapted by appraisal theory and practice, several commonly available information sources were reviewed. The table shows the kinds of principles, in the order mentioned by the authors of studies. Some information about education system of property valuers in Poland and Lithuania was discussed. In order to verify how the appraisal principles described herein are used in practice, a survey was conducted among Polish appraisers. The Polish respondents' answers confirm the diagnosis of the article's authors as to the necessity to devote more time to these issues when preparing candidates for the profession of property appraiser. (original abstract)
Opis fizyczny
  • University of Warmia and Mazury in Olsztyn, Poland
  • University of Lodz, Poland
  • Vilnius Gediminas Technical University, Lithuania
  • Vilnius Gediminas Technical University, Lithuania
  • Adair A., Downie M.L., McGreal S., Vos G. 2012. European valuation practice - theory and techniques. Oxford: Taylor & Francis Group. pp. 353.
  • Adair A., Hutchison N. 2005. The reporting of risk in real estate appraisal property risk scoring, Journal of Property Investment & Finance 23(3), pp. 254-268.
  • Aleknavicius A. 2007. Nekilnojamojo turto vertinimas. Metodiniaipatarimai [Real estate valuation. Methodical issues]. Kaunas: Akademija. 32 p. (in Lithuanian).
  • Aleksiené A., Deveikis S., Galiniené B. 2012. Valuation futures: Building a new vision for property valuation in the contemporary socio-economic and technological context, in Turto vertinimo teorijos irpraktikos apybraizos [Outlines of property valuation theory and practice]. Vilnius: Lithuanian Association of Property Valuers, Economic Faculty of Vilnius University, pp. 6-17.
  • Aliyu A.A. Bello, M.U. Kasim R.B. Martin D. 2014. Intangible elements of uncertainty in property valuation: Theoretical underpinning, Journal of Economics and Sustainable Development 5(17), pp. 57-62.
  • Appraisal Institute. 2007. Appraising residential properties. 4th ed. Taylor & Francis, USA, pp. 120. Appraisal Institute. 2013. The appraisal of real estate. 14th ed. Chicago, Illinois, USA, pp. 847.
  • California Bureau of Real Estate. 2015. Appraisal and valuation [online], [cited 10 September 2015]. Available from Internet:
  • Cannone J., Macdonald RJ. 2003. Valuation without value theory: A North American "Appraisal", Journal of Real Estate Practice and Education 6 (1), pp. 113-162.
  • Dearborn Real Estate Education; Carr D.H. Lawson J. Schultz J. 2003. Mastering real estate appraisal. Kaplan Publishing, pp. 352.
  • Deveikis S. Bagdonavicius A. 2002. Towards an efficient property markets in Lithuania - the impact on valuation, in FIG XXII International Congress "New Directions in Valuation ", 19-26 April, Washington D.C., USA, p. 5.
  • Galiniené B. 2004. Turto ir verslo vertinimo sistema [Property and business valuation system]. Vilnius: VU, pp. 307 (in Lithuanian).
  • Galiniené B. 2015. Turto ir verslo vertinimo sistemos transformacijos [Transformations of property and business valuation system]. Vilnius: VU, pp. 352 (in Lithuanian).
  • Galiniené B., Marcinskas A., Deveikis S. 2005. The professional and ethical potential of Lithuanian property valuers, International Journal of Strategic Property Management 9(1), pp. 43-50.
  • Gilbertson B., Preston D. 2005. A vision for valuation, Journal of Property Investment & Finance 23(2), pp. 123-140.
  • International Association of Assessing Officers. 2013. Glossary for property appraisal and assessment. Kansas City, Missouri, USA, pp. 202.
  • International Real Property Foundation. 2006. Real estate valuation seminar. Washington DC, USA, pp. 96.
  • International Valuation Standards Committee. 2003. General valuation concepts and principles, pp. 20.
  • Kaklauskas A., Zavadskas E.K., Bardauskiené D., Dargis R. (Eds). 2012. Darnus nekilnojamojo turto vystymas [Sustainable real estate development]. Vilnius: Technika, pp. 880 (in Lithuanian).
  • Kucharska-Stasiak E. 2014. Reproduction of the real estate valuation methodology in practice. An attempt at identifying sources of divergences, Real Estate Management and Valuation 22(2), pp. 67-79.
  • Kucharska-Stasiak E., Źróbek S. 2015. An attempt to exemplify the economic principles in real property valuation, Real Estate Management and Valuation, 23(3), pp. 5-13.
  • Manitoba Real Estate Association. 2015. Principles of value [online], [cited 10 September 2015]. Available from Internet:
  • Mooya M.M. 2015. The education and professional practice of valuers in South Africa: a critical review, Property Management 33(3), pp. 245-274.
  • Property and Business Valuation Methodology, approved by the order of the Minister of Finance of the Republic of Lithuania, 27 April 2012, no 1k-159, Official Gazette Valstybés Żinios, 2012-04-28, No 50-2502.
  • Rattermann M.R. 2014. The student handbook to the appraisal of real estate. 14th ed. Chicago, USA: Appraisal Institute, pp. 382.
  • Tupenaite L., Naimaviciene J., Bagdonavicius A., Sabaliauskas K. 2015. Management of construction and real estate under conditions of market instability. Monograph. Vilnius: Technika, pp. 304.
  • The Act of 21 August 1997 on Real Property Management. Journal of Laws 1997 No. 115, item 741 as amended [Ustawa z dnia 21 sierpnia 1997 r o gospodarce nieruchomościami. Dz.U. 1997 Nr 115 poz. 741 z późniejszymi zmianami].
  • Wilson D.C. 1998. Principle of production: A logical premise for the cost approach, The Appraisal Journal, January, pp. 25-40.
  • Wurtzebach C.H., Miles M.E. 1994. Modern real estate. 5th ed. John Wiley and Sons Inc., pp. 880.
  • Źróbek S., Grzesik C. 2013. Modern challenges facing the valuation profession and allied university education in Poland, Real Estate Management and Valuation 21(1), pp. 14-18.
Typ dokumentu
Identyfikator YADDA

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.