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Uncertainty Of Property Valuation As A Subject Of Academic Research

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  • Kucharska - Stasiak Ewa

    (Department of Investment and Real Estate University of Lodz)

Abstract

Property valuation is characterized by uncertainty, understood not only as uncertainty of a single valuation, but also as a discrepancy between multiple valuations of the same property carried out at the same time and for the same purpose. A valuation is only an estimate, the outcome of which depends on the assumptions adopted by the valuer. Such assumptions may account for the potential of a property in a complex market environment in different ways.

Suggested Citation

  • Kucharska - Stasiak Ewa, 2013. "Uncertainty Of Property Valuation As A Subject Of Academic Research," Real Estate Management and Valuation, Sciendo, vol. 21(4), pages 17-25, December.
  • Handle: RePEc:vrs:remava:v:21:y:2013:i:4:p:17-25:n:3
    DOI: 10.2478/remav-2013-0033
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