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Revisiting Three Approaches Of Real Estate Appraisal

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  • Ünsal Özdilek

Abstract

This paper revisits the three classical approaches of real estate appraisal: cost summation, income capitalization and market price comparison. It brings a different perspective of analyzing these three methods and shows the importance of using them concurrently in order to better estimate market value of a certain catogory of property. It also revisits classical supply and demand model of economic analysis.

Suggested Citation

  • Ünsal Özdilek, 2010. "Revisiting Three Approaches Of Real Estate Appraisal," ERES eres2010_259, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2010_259
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2010-259
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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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