Estimation of the Value of a Real Estate Property as a Basis for Making Investment Decisions
M. A. Grakova, V. A. Krakhina
Donbas National Academy of Civil Engineering and Architecture
Annotation: The article is devoted to the issues of increasing the reliability of appraisal procedures in the field of real estate as the basis of further investment decisions. Based on the study of normative legal acts in the field of appraisal activities of various states, a comparison of the theoretical apparatus of real estate appraisal was carried out. A system of principles for real estate appraisal has been formed, based on international experience on this issue. It has been highlighted, analysed and established the features of existing methods for assessing the value of real estate: profitable, cost and comparative. It has been substantiated that the choice of the method for evaluating the property by means of the value function directly affects the adoption of investment decisions. Based on the above analysis, criteria for assessing the value of real estate objects were formed, the accounting of which affects the reliability of the assessment results and the correctness of investment decisions.
Keywords: real estate object, investment decision, the price of the property, the value of the property, principles of real estate appraisal, methods of real estate appraisal, criteria for assessing the value of a property.
Pages: 155-164.
Link for citation: Grakova, M. A.; Krakhina, V. A. Estimation of the Value of a Real Estate Property as a Basis for Making Investment Decisions. – Text : electronic. – In: Economics of Civil Engineering and Municipal Economy. – 2020. – Vol. 16, N 3. – Р. 155-164. – URL: https://donnasa.ru/publish_house/journals/esgh/2020-3/03_grakova_krakhina.pdf (date of access: 27.07.2024). (in Russian)
Vol. 16, N 3 (2020)Journal: Economics of Civil Engineering and Municipal Economy
Publish house: Donbas National Academy of Civil Engineering and Architecture