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Identification and Classification of Real Estate Features for the Purpose of an Algorithm-Based Valuation– Case Study within Szczecin

Author

Listed:
  • Kokot Sebastian
  • Gnat Sebastian

    (University of Szczecin, Institute of Econometrics and Statistics)

Abstract

Research background: The article discusses the issue of the identification and measurement of market characteristics of real estate for valuation purposes. This problem is the most difficult stage of the whole valuation process in terms of both a substantive, methodological and analytical basis.

Suggested Citation

  • Kokot Sebastian & Gnat Sebastian, 2019. "Identification and Classification of Real Estate Features for the Purpose of an Algorithm-Based Valuation– Case Study within Szczecin," Folia Oeconomica Stetinensia, Sciendo, vol. 19(2), pages 38-55, December.
    • Handle: RePEc:vrs:foeste:v:19:y:2019:i:2:p:38-55:n:3
    DOI: 10.2478/foli-2019-0012
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    References listed on IDEAS

    as
    1. Konstantinos Tzioumis, 2017. "Appraisers and Valuation Bias: An Empirical Analysis," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 45(3), pages 679-712, July.
    2. Shuang Zhu & R. Pace, 2012. "Distressed Properties: Valuation Bias and Accuracy," The Journal of Real Estate Finance and Economics, Springer, vol. 44(1), pages 153-166, January.
    3. Arthur Korteweg & Morten Sorensen, 2016. "Estimating Loan-to-Value Distributions," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 44(1), pages 41-86, February.
    4. Cho, Man & Megbolugbe, Isaac F, 1996. "An Empirical Analysis of Property Appraisal and Mortgage Redlining," The Journal of Real Estate Finance and Economics, Springer, vol. 13(1), pages 45-55, July.
    5. Bradbury, Katharine L. & Mayer, Christopher J. & Case, Karl E., 2001. "Property tax limits, local fiscal behavior, and property values: evidence from Massachusetts under Proposition," Journal of Public Economics, Elsevier, vol. 80(2), pages 287-311, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    property valuation; market analysis;

    JEL classification:

    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General

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