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Considerations For Real Estate Property Valuation

Author

Listed:
  • Cristina Mihaela Onica

    (“Dunarea de Jos University” of Galati, Romania)

  • Corina-Ionela Bildigau

    (“Dunarea de Jos University” of Galati, Romania)

  • Andreea-Diana Cretu

    (“Dunarea de Jos University” of Galati, Romania)

Abstract

Real estate properties are the most important elements of an economic activity that contributes to the creation of the value once they are included in the economic cycle.The adequate estimate of the value of real estate properties and competent analysis of all aspects related thereto are used as decision support regarding the use and disposal of the real estate properties. In determining the market value of a real estate property, you can choose one of three methods available in the practice of the valuation, market approach , income approach or cost approach. In this context, using the cost approach , we determine the market value of a real estate property , given that realistic , accurate estimate contribute to the establishment and stabilization of loans and investments that promote the development of the real estate property in the sense required by society.

Suggested Citation

  • Cristina Mihaela Onica & Corina-Ionela Bildigau & Andreea-Diana Cretu, 2015. "Considerations For Real Estate Property Valuation," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 534-540.
    • Handle: RePEc:ddj:fserec:y:2015:p:534-540
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