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Real Estate Market Rating – Need Or Necessity?

Author

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  • Renigier-Biłozor Małgorzata
  • Wiśniewski Radosław

    (Faculty of Geodesy and Land Management University of Warmia and Mazury in Olsztyn)

Abstract

Rating systems developed in Poland and other countries are generally used to evaluate the performance of businesses, organizations, institutions and even entire economies. Comprehensive solutions for assessing real estate markets and individual properties have never been proposed (several systems for evaluating mostly commercial real estate have been developed). This deficiency could be attributed to an absence of databases describing the real estate market and market changes as well as a shortage of coherent methods for analyzing real estate markets. In most cases, however, market phenomena may be difficult to classify because they involve behavioral, social and stochastic elements.

Suggested Citation

  • Renigier-Biłozor Małgorzata & Wiśniewski Radosław, 2013. "Real Estate Market Rating – Need Or Necessity?," Real Estate Management and Valuation, Sciendo, vol. 21(4), pages 54-64, December.
    • Handle: RePEc:vrs:remava:v:21:y:2013:i:4:p:54-64:n:7
    DOI: 10.2478/remav-2013-0037
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