Fuel Station Valuation under Polish and RICS Standards

• Autorzy: Mirosława Czaplińska , Małgorzata Rymarzak , Dariusz Trojanowski
• Języki publikacji: EN

Abstrakty

EN

In the last few years, there has been a visible change in the structure of the fuel station market in both Poland and the United Kingdom. The changes taking place both in the fuel station market structure and the management forms of fuel stations, along with the increasing significance of convenience goods sales, result in the necessity of verifying the existing Polish valuation standards of the income approach. Moreover, there is an urgent need to develop specific fuel station valuation guidelines. Fuel station valuation requires both the specific approach and profits method adjustment to be able to account for the specificity of the valuation. The universal character of property valuation in Poland cannot result in ignoring the specificity of fuel station valuation and the market where it operates. Property valuers undertaking valuations of this type of facilities must be familiar with the rules operating on the fuel station market. This paper focuses on the comparison analysis of the fuel station market structure in Poland and the United Kingdom along with the specificity of the way fuel stations operate. Its emphasis is on the comparison analysis of fuel station valuation methods under Polish and RICS standards in order to show their similarities and differences. The aim of the paper is to present the methods of fuel station valuation in Poland and the United Kingdom, though mainly to show the areas of changes in the Polish valuation standards with regards to the profits method under the income approach that would take into account the specificity of fuel stations and their market. (original abstract)

Słowa kluczowe

EN

Commercial property; Fuel market; Profit and loss statement

PL

Nieruchomości komercyjne; Rynek paliw; Rachunek zysków i strat

• Czasopismo: Real Estate Management and Valuation
• Rocznik: 2017
• Numer: vol. 25, iss. 2
• Strony: 20--32

Twórcy

autor

Mirosława Czaplińska

• University of Gdansk, Poland

autor

Małgorzata Rymarzak

• University of Gdansk, Poland

autor

Dariusz Trojanowski

• University of Gdansk, Poland

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Identyfikatory

DOI

10.1515/remav-2017-0010