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Towards Specialization or Extension? Searching for Valuation Services Models Using Cluster Analysis

Author

Listed:
  • Małkowska Agnieszka

    (Department of Real Estate Economics and Investment Process, Cracow University of Economics)

  • Uhruska Małgorzata

    (Department of Real Estate Economics and Investment Process, Cracow University of Economics)

Abstract

The paper delivers original data on specialization in property valuation services in Poland. Its aim is to identify relatively homogeneous groups of property appraisers taking into consideration the scope of services performed by them and the types of clients served. Based on the survey results, it was possible to indicate major models in property valuation services consistent with market applications, which allows us to verify the thesis on specialization in doing business in property valuation.

Suggested Citation

  • Małkowska Agnieszka & Uhruska Małgorzata, 2019. "Towards Specialization or Extension? Searching for Valuation Services Models Using Cluster Analysis," Real Estate Management and Valuation, Sciendo, vol. 27(4), pages 27-38, December.
    • Handle: RePEc:vrs:remava:v:27:y:2019:i:4:p:27-38:n:3
    DOI: 10.2478/remav-2019-0033
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    References listed on IDEAS

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    2. Thomas N. Hubbard, 2009. "Specialization, Firms, and Markets: The Division of Labor within and between Law Firms," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 25(2), pages 339-371, October.
    3. Garicano, Luis & Hubbard, Thomas N, 2007. "Managerial Leverage Is Limited by the Extent of the Market: Hierarchies, Specialization, and the Utilization of Lawyers' Human Capital," Journal of Law and Economics, University of Chicago Press, vol. 50(1), pages 1-43, February.
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    More about this item

    Keywords

    property valuation; appraisers; specialization; cluster analysis; professional services;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
    • R39 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other

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