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A Concept of Real Estate Market Analysis and Property Valuation in Belarus

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  • Nikolai Siniak
  • Rusiyanov Leonid

Abstract

The real estate market is rather new sphere of activity in Belarus, distinguished specificity and absence of unity in real estate valuation and real estate market analysis, absence of unity in understanding of the contents of real estate market regulation and research. To overcome difficulties it is necessary to use of the international experience and take into account specificity of Belarusian experience in these spheres. This paper presents the results of the project, which examined the future of real estate services connected with real estate valuation and real estate market analysis. The paper takes the many aspects and cross cuts them into some scenarios each focusing on different aspects of the future of real estate analysis and valuation services and in the case of one, the future of professional bodies in the sector. The themes chosen connected with fundamental challenges facing the sectors, such as monitoring, integration, regulation, training, service products and ethics. The scenarios presented provide unique insights into the business strategy of the real estate analysis and valuation sectors, itís potential future direction and the future role of professional bodies in the sectors. Nevertheless the accent is made on the future of real estate market analysis and property valuation in Belarus.

Suggested Citation

  • Nikolai Siniak & Rusiyanov Leonid, 2004. "A Concept of Real Estate Market Analysis and Property Valuation in Belarus," ERES eres2004_209, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2004_209
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    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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