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The Issues of Real Estate Valuation in the Process of Privatization

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  • Kalandadze Levan

    (Tbilisi State University, Tbilisi, Georgia)

Abstract

The process of privatization in our country was characterized and unfortunately is still characterized by very important difficulties. The purpose of the research is to analyze the issues of real estate valuation in the process of privatization. In Georgia, the privatization process began after dissolution of the Soviet system. It should be noted that the process of privatization is of particular importance in terms of activation of investment activities in the country. In this regard, privatization can be considered one of the essential and most important incentives for attracting investments by the state. Currently, thousands of enterprises have already been privatized, but there are still quite many stateowned production facilities and property. Determination of the market value of the items of state-owned property is especially important when selling them at auctions or on competitive basis. In addition, one of the causes for incompetent privatization of the state-owned property at the early stage is disregard of the institute of appraisers of movable and immovable property, who did not participate in determining the market value of the property and in the privatization process. The information assessment, analysis, comparison and generalization, as well as systematic, quantitative, qualitative and logical generalization methods are used in the article.

Suggested Citation

  • Kalandadze Levan, 2017. "The Issues of Real Estate Valuation in the Process of Privatization," Baltic Journal of Real Estate Economics and Construction Management, Sciendo, vol. 5(1), pages 201-208, November.
    • Handle: RePEc:vrs:bjrecm:v:5:y:2017:i:1:p:201-208:n:15
    DOI: 10.1515/bjreecm-2017-0015
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    References listed on IDEAS

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    1. Khatuna Barbakadze, 2016. "About financial assurance of small and medium enterprises," Proceedings of International Academic Conferences 4006474, International Institute of Social and Economic Sciences.
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