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Dissertations / Theses on the topic 'Real property – Valuation'

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Published: 4 June 2021
Last updated: 29 July 2024

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1

Cote, Katherine Nicole Arnold. "Regional real property valuation forecast accuracy." To access this resource online via ProQuest Dissertations and Theses @ UTEP, 2008. http://0-proquest.umi.com.lib.utep.edu/login?COPT=REJTPTU0YmImSU5UPTAmVkVSPTI=&clientId=2515.

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2

Netzell, Olof. "Essays on lease and property valuation." Doctoral thesis, KTH, Bygg- och fastighetsekonomi, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-26801.

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The first two papers in this dissertation discuss a fairly recently developed research field, Space Syntax, and how the findings in this field may be used to understand spatial economic patterns such as geographic distribution of market rents. Both papers use standard econometric methods to investigate the relationship between rents and the so called integration value developed within Space Syntax. The integration value may be understood as a measure of the accessibility of a certain location in a street network. The measure is constructed using tools from graph theory and uses the shape of the street network as its only input. The papers estimate hedonic models of office and retail leases from central Stockholm to test whether the integration value can help explain rents. A statistically significant effect of integration value on both office and retail rent is found. It appears as if Space Syntax adds important information to the understanding of intraurban rent patterns. Illiquidity is a main feature of most property markets and market participants are therefore directed to property appraisals to obtain information about market values. The reliability of property appraisals is therefore an important research topic. The third paper studies the “rationality” of valuations by testing if capitalisation (cap) rates from individual discounted cash-flow (DCF) valuations are consistent with economic theory. Standard econometrics is used to study the variation in cap rates. For the most part the results support the hypothesis that appraisers are “rational” in the above mentioned sense. Illiquidity of direct property also poses a problem when constructing property price indices.  Lack of price observations and heterogeneity among the few observations available is likely to introduce noise in price indices based on transactions. Valuations are therefore often used instead to construct indices. These indices however suffer from a bias due to so called “appraisal smoothing”. In the fourth paper it is shown that, given certain assumptions, one may filter out noise in a transaction-based price index by regressing it on a valuation-based index (contemporaneous and lagged one period). The procedure may in some circumstances improve pure valuation- or transaction-based indices.
QC 20101201
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Louey, Wing-hong. "Analysis of the asset valuation methods of real estate properties in the People's Republic of China and Hong Kong /." Hong Kong : University of Hong Kong, 1996. http://sunzi.lib.hku.hk/hkuto/record.jsp?B2594762x.

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4

Wong, Chiu-keung. "An Exploratory study of behavioral characteristics in Hong Kong property valuation practice." Click to view the E-thesis via HKU Scholars Hub, 2006. http://lookup.lib.hku.hk/lookup/bib/B37943509.

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Louey, Wing-hong, and 雷永康. "Analysis of the asset valuation methods of real estate properties in the People's Republic of China and Hong Kong." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 1996. http://hub.hku.hk/bib/B31251389.

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Fibbens, M. J. W. "The application of personal computers to direct comparison valuation : a residential mass appraisal investigation /." View thesis View thesis, 1993. http://library.uws.edu.au/adt-NUWS/public/adt-NUWS20030610.165133/index.html.

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7

Shampton, John F. "Locational Determinants of Real Estate Valuation: an Analysis of Spatial Autocorrelation in the Hedonic Pricing of Real Estate." Thesis, University of North Texas, 1992. https://digital.library.unt.edu/ark:/67531/metadc278245/.

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Recent studies of the valuation of real estate have concentrated on the use of hedonic pricing techniques in which the implicit prices of the component characteristics of an asset are inferred from the observed sale price using regression analysis. All of these studies include as explanatory variables one or more locational factors, such as distance to the central business district, as proxies for the effect that location has on the utility of land. In this research, the explicit consideration of the location of real estate in terms of the geographic or Cartesian coordinates (spatial attributes) of observed sales is shown to be a potential substitute for such proxies, either wholly or in part. Such use of spatial attributes could improve the usefulness of the hedonic methodology while at the same time significantly reducing cost and eliminating sources of error.
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Martin, Jon E. (Jon Egan). "Determining the Impact of Selected Variables on the Sale Price of Real Estate." Thesis, University of North Texas, 1989. https://digital.library.unt.edu/ark:/67531/metadc501198/.

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This paper presents the results of a study dealing with a number of issues regarding real estate investment. Utilizing a data set consisting of real estate transactions, questions relative to the impact of certain variables on the sale price are addressed. This analysis addresses the question of the impact of financial, physical, and location characteristics on the sales price of commercial grade real estate.
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9

Armitage, Lynne Audrey. "The role of property market analysis in the valuation of investment grade property." Thesis, Queensland University of Technology, 1999. https://eprints.qut.edu.au/36086/13/Lynne_Armitage_Thesis.pdf.

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The determination of the value of investment grade property in Australia has been the subject of much criticism in the professional and, to a lesser extent, the public press in recent years. Two of the three principal components of the valuation process - those relating to the identification of the property and associated interests and to the calculation of value - have, as a consequence, benefited from closer scrutiny resulting in more rigorous practice. The third component, that of the analysis of the property in the market context, has notexperienced the same level of attention. It is the purpose of this study to more fully investigate the nature of the analysis of the property market process. This has been approached through two main avenues: literature review and empirical survey. The review of the academic and professional literature ranged across a number of related professional fields to establish the context of the study and then adopted a more specific focus on the relevant valuation literature. The first part of the literature review established that there was no consensus evident from the related professional and academic fields regarding the nature of the property market process to guide valuers. The second part indicated similar diversity between valuers - academic and professional. This discordance begged further enquiry which was undertaken through a postal survey of 1722 members of the Australian Institute of Valuers and Land Economists (AIVLE) (now the Australian Property Institute, API). The method adopted for the survey was to approach a number of practising valuers, through unstructured interviews to obtain a range of consensual themes around which a questionnaire was structured. These related to the background of the respondents, their views on market analysis and their identification of factors they consider important influences on the property market. A pilot survey was carried out, the questionnaire revised, then distributed and the 240 responses analysed using a segmentation (or multiple classification) approach. The analysis of the data yielded both narrative and statistical results, for which the responses were considered under four filter groups relating to duration of professional experience, academic qualification, stream of AIVLE membership and dominance of professional practice. The principal finding of the study is, that whilst valuers' views on the nature of the property market accord closely with those of the literature, when questioned further on the factors they consider important when undertaking a valuation, their focus is narrow, retrospective and property-based thereby supporting the criticisms found in the literature. The inference is that practising valuers have as clear an understanding of the property market process as do the commentators but do not demonstrate it in their work. The reasons for this may be a consequence of the respondents' education, their understanding of what is now appropriate in practice or it may be that they are merely responding to the limited expectations of many clients. These findings have implications for valuers' education and professional practice in the future when, as the valuation profession itself perversely recognises, it may be anticipated that valuation is likely to become a more rigorous process. This research has identified this paradox as a target for further study. In addition to identifying this paradox, other original contributions to knowledge which have emerged include a definition of property market analysis, comprehensive details of many aspects of valuers' education, experience and attitudes together with critical analysis and synthesis of the background and focal literature in this area - which has not previously been undertaken, most specifically in the Australian context. Comparative analysis of aspects of British, Australian and American literature has been made and the study concludes with a number of proposals for further research. These include more detailed investigation into the reporting of market analysis for specific property types; into the characteristics of Australian valuers compared to those overseas and further inquiry into identification of appropriate standards for market analysis, leading to the generation of benchmarks and parameters of quality and fitness for purpose which are of concern for the profession, for academics, educators and regulators.
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Suen, Fun-sing, and 孫奮生. "Decision support systems for real estate evaluation." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 1994. http://hub.hku.hk/bib/B31257021.

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11

Paterson, Robert W. "Nonmarket Valuation and Land Use: Two Essays." Fogler Library, University of Maine, 2001. http://www.library.umaine.edu/theses/pdf/PatersonRW2001.pdf.

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12

Chan, Hok Kee Nelson. "Contaminated land valuation and the problem of stigma." Phd thesis, Australia : Macquarie University, 2001. http://hdl.handle.net/1959.14/48464.

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Thesis (PhD)--Macquarie University, Graduate School of the Environment, 2001.
Bibliography: p. 10-1 to 10-23.
An overview of contaminated land issues -- Land contamination law -- The impact of environmental planning on contaminated land value -- Identification and management of contaminated land -- Contaminated land valuation method - an overview -- Current stigma assessment methods -- Suggested method for stigma assessment -- General conclusion.
This dissertation is about the valuation of contaminated land and the problem of stigma. The value of contaminated land is to a large extent affected by statutory regulations. Stigma, if it exists, is another factor that has significant impact on contaminated land value. This thesis looks at the relevant laws governing contaminated land in Australia. It also introduces an alternative method to assess the stigma factor. -- Contaminated land is a major environmental problem. Apart from causing actual or potential threats to human health and the environment, contaminated land also leads to legal liabilities and financial losses to the landowner. Regarding financial losses, they may be costs to meet legal requirements in relation to clean up and long term monitoring expenses. In addition, they may be losses due to a drop in market value and/or rental of the property, longer vacancy periods, high remediation and monitoring costs. In the extreme case, the property may lose marketability completely. -- Regarding valuation methods, most valuers use traditional valuation methods with arbitrary adjustments. The most straightforward method is the impaired value (affected value) approach. It requires the valuer to assess the property on a clean land basis. From the unimpaired (clean) value, other financial losses due to contamination, remediation costs and stigma value loss are deducted to get the impaired value. The most difficult part is to quantify stigma impact. The existing stigma assessment methods are not satisfactory. Alternative and non-traditional methods are available. However they are academic and are not suitable for day-to-day operation of a valuer. This thesis suggests a multi-criteria decision-making model to assess stigma impact. The target stigma factor is obtained by processing the relevant criteria with the Analytic Hierarchy Process (AHP) method. The best alternative from the model is the reasonable stigma factor for the property.
Mode of access: World Wide Web.
various pagings ill. (some col.)
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13

Macko, Filip. "Způsoby ocenění v Austrálii." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2019. http://www.nusl.cz/ntk/nusl-402600.

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Master’s thesis deals with real estate valuation in Australia. The introductory part deals with the definition of the terms used in the work, for its better understanding. Furthermore, it discusses the development of valuation theory and its relation to economic ideas and various aspects that have influenced its development. The thesis then deals with methods of real estate valuation, their division and specific features. The thesis also discusses the current state of the real estate market on the Australian continent and outlines its possible future development. The experimental section describes the valuation of a particular property in Australia and describes which particular properties affect its cost.
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14

Andersson, Fredrik, and Robert Landberg. "Real Estate Appraisal : A Study of Real Estate Appraisers in Sweden." Thesis, Jönköping University, Jönköping International Business School, 2005. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-209.

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Problem: Problemet som legat till grund för intresset och inriktningen med denna magisteruppsats är då tidigare kontorsfastigheten Skatteskrapan skulle byta ägare och användningsområde. En planerad ombyggnad ställde till problem med avseende på uppskattningen av ombyggnadskostnader. I slutändan handlar problemet om ett värderingsproblem. Detta problem tillsammans med andra ex-empel där fastigheter bytt användningsområden har väckt ett intresse att göra en ingående undersökning av det svenska fastighetsvärderingsområdet. Denna uppsats är indelad i fem olika delundersökningar. Initialt sker en presentation av svenska metoder för fastighetsvärdering. Vidare under-söks olika faktorer som har olika värdepåverkande effekter på fastighetsvärdet. Därefter genomförs en undersökning av hur nya användningssituationer kan vålla värderingsproblem samt hur ett värde fastställs i en sådan situation. Nästa steg består utav en undersökning av internationella värderingsmetoder. Studien avslutas sedan med en undersökning av nya trender som utvecklats inom fastighetsvärderingen.

Syfte: Syftet med denna magisteruppsats är att studera fenomenet fastighetsvärdering via svenska fastighetsvärderare för att erhålla en förståelse för hur de resonerar vid valet av värderingsmetod och bestämmer det slutliga värdet. Dessutom är syftet också att belysa relationen mellan svenska och internationella värderingsmetoder för att utröna likheter och skillnader.

Metod: Vi har valt en kvalitativ metod i form av åtta intervjuer. En förstudie, i form av en intervju, görs med professor Stellan Lundström, vilken ämnar till att ge en uppdaterad bild av forskningen inom området. Därefter hålls sju intervjuer med auktoriserade fastighetsvärderare. Värderarnas synpunkter analyseras sedan tillsammans med resultat från förstudien, teoretiskt ramverk samt tidigare studier. Analysen är baserad på en modifierad tankemodell som är skapad av forskaren Jan Matts-son. Genom denna modell har sedan fem viktiga nivåer, knutna till uppsatsens problemområde, analyserats.

Slutsats: Vi fann att de svenska värderingsmetoderna i stort sett utgörs av tre olika metoder. Dessa är avkastningsmetod, ortsprismetod samt produktionskostnadsmetod. De viktigaste värdepåverkande faktorerna var fastighetens läge samt dess skick och standard. Även hyreskontrakten och vakanser påverker till stor del. Beslut om ny användningssituation kan tas av olika anledningar. Det största problemet relaterat till denna förändring är uppskattningen av framtida kostnader, där ombyggnadskostnader utgör den största svårigheten. De internationella värderingsmetoderna är överlag de samma som de svenska. Kulturella skillnader föreligger i vilka metoder som används i olika situationer. De viktigaste nya trenderna är effekten av de internationella redovisningsstandarderna. En annan trend är det ökade användandet av automatiska analysverktyg.


Problem: The underlying problem within this Master of Science thesis is the emanating issues from the changed owner and usage situation of the former Tax Department. A planned reconstruction led to difficulties in estimating the reconstruction costs. In the end this problem is an appraisal issue. This problem led to an interest to make a thorough investigation of the area of Swedish real estate appraisal. The thesis is constituted by five different subinvestigations. Initially an exploration is made concerning Swedish real estate appraisal methods. Further, factors affecting the real estate value are examined. This is followed by an investigation of what appraisal issues that might occur in a new usage situation and how the value is estimated in such a situation. The relation between Swedish and International appraisal methods is then illuminated. The final investigation is concerning what new trends that have occurred on the Swedish real estate appraisal market.

Purpose: The purpose of this Master of Science thesis is to study the phenomenon real estate appraisal via Swedish real estate appraisers to gain an understanding of how they reason when choosing appraisal method and determine the real estate value. Additionally, the aim is also to highlight the relation between Swedish and International real estate methods to reveal differences and similarities.

Method: We have chosen a qualitative method taking the form of eight interviews. A total of eight interviews are performed. The study is offset by a pre-study with a professor at RIT, Stellan Lundström. The aim with this interview is to get an updated view of the latest research within real estate appraisal. This is followed by seven interviews with certified real estate appraisers. The results from the interviews with the appraisers are analysed together with the pre-study, theoretical framework and previous studies. The analysing process is based upon a modified thought model, originally developed by the researcher Jan Mattsson. The analysing process is presented in five steps that all are connected to the modified thought model and related to the problem area of this Master of Science thesis.

Conclusion: We found that the Swedish appraisal methods generally are constituted by three methods. These are the avkastnings method, the ortspris method and production cost method. The most influent factors on the real estate value are the location as well as the condition and standard. Also the rent contracts and vacancies to some extent affect the value. A rather large problem originates in the estimation of future costs, where the estimation of reconstruction costs is referred to as the largest issue. The international appraisal methods are equivalent to the Swedish methods. The largest differences are of cultural kind mostly caused by differences in legislation. New trends that are presented are the impact of the international accounting standards (IAS). Another significant trend is the increased use of automatic real estate analysis tools.

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AL-KHABBAZ, AHMAD ABDALLA. "MODELING AVIATION FACILITIES IMPACT ON RESIDENTIAL PROPERTY VALUES." Diss., The University of Arizona, 1987. http://hdl.handle.net/10150/184124.

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The purpose was to evaluate airport impact on nearby residential property values (RPV). The hypothesis was that a relationship between noise levels, and nearby RPV could be identified and quantified. The objective was to model a relationship between housing location with respect to an airport and housing value, taking into consideration other relevant factors. Evaluation of aviation facilities impact on RPV was based on a sample of 587 single-family houses sold during 1984 and 1985. Selling price was used as the dependent variable. Independent variables included physical characteristics of a house, distance to the closest airport, accessibility of a house to the urban area, and supply and demand for houses. Distance to nearest airport was used as a surrogate for aircraft noise level. Study indicated that impact of aviation facilities on RPV could be quantified using selling price of a house as the dependent variable and distance from an airport as a primary independent variable along with physical characteristics of a house. Effect of an airport on RPV appears dependent not only on distance, but also on type of airport and selling price of a house. Davis-Monthan Airport (DM), a military airport, has a significantly greater impact than Tucson International Airport (TIA), a commercial airport. DM impact was greatest on houses priced above sample median. However, lower priced houses were effected more when the impact was expressed as a percent of selling price. DM impact area was approximately 2 miles from the airport, while TIA impact was about 1 mile from the facility. Distance from DM was the most significant variable in describing variation in selling price for houses closest to this facility. Living area of a house was also a very significant variable. Distance to TIA was not very significant in evaluating selling price variation. Living area and age of a house were generally the most significant variables describing selling price variation for TIA subset.
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Borst, Richard A. "Discovering and applying location influence patterns in the mass valuation of domestic real property." Thesis, Ulster University, 2007. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.438804.

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Van, der Byl Calven. "A statistical model for valuation of residential property in the Nelson Mandela Metropolitan area." Thesis, Nelson Mandela Metropolitan University, 2012. http://hdl.handle.net/10948/d1020045.

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This study applies a process of correlation analysis and hedonic based modelling to investigate the influence of housing attributes and date of sale on transaction prices for residential real estate in the Nelson Mandela Metropole area. Availability of reliable data is a challenge in real estate studies in South Africa. This study integrates several publicly available resources for the purposes of constructing a statistical model. A model is constructed based on a forward variable selection routine using selection criteria. The resulting model shows six highly significant variables that can be used for modelling purposes. The resulting model is used to make comparisons in the value of the geographical location.
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Teang, Kanha, and Yiran Lu. "Property Valuation by Machine Learning and Hedonic Pricing Models : A Case study on Swedish Residential Property." Thesis, KTH, Fastigheter och byggande, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-298307.

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Property valuation is a critical concept for a variety of applications in the real estate market such as transactions, taxes, investments, and mortgages. However, there is little consistency in which method is the best for estimating the property value. This paper aims at investigating and comparing the differences in the Stockholm residential property valuation results among parametric hedonic pricing models (HPM) including linear and log-linear regression models, and Random Forest (RF) as the machine learning algorithm. The data consists of 114,293 arm-length transactions of the tenant-owned apartment between January 2005 to December 2014. The same variables are applied on both the HPM regression models and RF. There are two adopted techniques for data splitting into training and testing datasets, randomly splits and splitting based on the transaction years. These datasets will be used to train and test all the models. The performance evaluation and measurement of each model will base on four performance indicators: R-squared, MSE, RMSE, and MAPE.   The results from both data splitting circumstances have shown that the accuracy of random forest is the highest among the regression models. The discussions point out the causes of the models’ performance changes once applied on different datasets obtained from different data splitting techniques. Limitations are also pointed out at the end of the study for future improvements.
Fastighetsvärdering är ett kritiskt koncept för en mängd olika applikationer på fastighetsmarknaden som transaktioner, skatter, investeringar och inteckningar. Det finns dock liten konsekvens i vilken metod som är bäst för att uppskatta fastighetsvärdet. Denna uppsats syftar till att undersöka och jämföra skillnaderna i Stockholms fastighetsvärderingsresultat bland parametriska hedoniska prissättningsmodeller (HPM) inklusive linjära och log-linjära regressionsmodeller, och Random Forest (RF) som maskininlärningsalgoritm. Uppgifterna består av 114,293 armlängds-transaktioner för hyresgästen från januari 2005 till december 2014. Samma variabler tillämpas på både HPM-regressionsmodellerna och RF. Det finns två antagna tekniker för uppdelning av data i utbildning och testning av datamängder: slumpmässig uppdelning och uppdelning baserat på transaktionsåren. Dessa datamängder kommer att användas för att träna och testa alla modeller. Prestationsutvärderingen och mätningen av varje modell baseras på fyra resultatindikatorer: R-kvadrat, MSE, RMSE och MAPE. Resultaten från båda uppdelningsförhållandena har visat att noggrannheten hos slumpmässig skog är den högsta bland regressionsmodellerna. Diskussionerna pekar på orsakerna till modellernas prestandaförändringar när de tillämpats på olika datamängder erhållna från olika datasplittringstekniker. Begränsningar påpekas också i slutet av studien för framtida förbättringar.
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Boyd, Terence. "A contemporary exposition of market value of investment real estate." Thesis, Queensland University of Technology, 1993. https://eprints.qut.edu.au/105689/1/T%28BE%26E%29%20349%20A%20contemporary%20exposition%20of%20market%20value%20of%20investment%20real%20estate.pdf.

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This study examines the perceived problem of variances in the assessment of market value of investment real estate in Australia. It concludes that differences in the interpretation of concepts of market value and inconsistencies in valuation approaches exist. A new definition of market value is proposed by the author as a prerequisite step to clarifying the concept of market value. Types of valuation variance are described and classified by the author as systematic and unsystematic variances. Thereafter methodology is postulated to minimise the valuation variance, and practical investment valuation models are described which are based on market studies. The applicability of the models is demonstrated in case studies of major investment properties and the results of evaluations of the models and case studies by valuation practitioners and academics are described in the final section of this study.
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關信堅 and Shun-kin Dennis Kwan. "Multi-criteria decision support using analytic hierarchy process: the case study of project site selection." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 1995. http://hub.hku.hk/bib/B31251377.

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Mathole, Kgopotso. "The applicability of a valuation index approach in updating real property mortgage security values for Basel II purposes." Thesis, Stellenbosch : University of Stellenbosch, 2010. http://hdl.handle.net/10019.1/6437.

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Wyman, David. "A million dollar view : a spatial hedonic model of the reserve at Lake Keowee, South Carolina." Thesis, University of Aberdeen, 2011. http://digitool.abdn.ac.uk:80/webclient/DeliveryManager?pid=174682.

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A spatial hedonic model was constructed for a lakefront golf course community in South Carolina. Geographic information system (GIS) analysis classified 589 vacant lots into eight different view categories including golf course, mountain, and lake views. The OLS results confirm a hierarchy in the pricing of views with premiums ranging from 42% to 54% for golf course views, 94% to 133% for lake views, and 131 %to 305% for lakefront lots. Spatial variables including the slope of a lot, length of shoreline, and proximity to the lakeside village were also found to be statistically significant variables influencing the value of the property. Other spatial variables were found to be statistically insignificant including view aspect and length of golf course frontage. Tests for spatial autocorrelation were conducted for the 589 properties utilizing spatial lag and spatial error models. Both spatial models were statistically superior compared to the original OLS model. The diagnostic tools indicate that the modeling of the spatial errors using a maximum likelihood framework produces a statistically significant model that improves goodness-of-fit indicators compared to an alternative spatial lag model. These results confirm the importance of modeling spatial errors. The period of study, from 2000 to 2010, was a decade of turbulence in the real estate market on Lake Keowee. The empirical evidence indicates the emergence of a speculative bubble that reached its crescendo in 2005/2006 with median real estate prices doubling in a five year period. This study examines the role of launch marketing tactics as a price amplifier by creating an urgency to buy in response to a systematic increase in property prices and simultaneously limiting supply by restricting lot sales to 30% of reservations. Finally, the study illustrates that the construction of golf courses is no panacea to the problems confronting today's residential real estate developers. The results suggest that communities based on waterfront properties may have greater potential price growth in strong markets and resiliency in weak markets. Further research is warranted to understand the changing role of golf courses in the 21st century.
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Duban, Ivan. "Analýza vhodných metod ocenění Mestskej plavárne v Senici." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2017. http://www.nusl.cz/ntk/nusl-318572.

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The main goal of this thesis is to analyze appropriate methods and approaches that lead to valuation of a sports complex, specifically the public swimming pool complex in Senica before and after reconstruction. The aim is to estimate the expenses that are related to running the place and to analyze its possible revenue. The object´s price is based on the up-to-date valuation acts. To perform the valuation, it was necessary to acquire the corresponding technical and economic documentation. Based on these documents, there is a visible technical upgrade, which is due to a reconstruction. The object is owned and managed by the town of Senica.
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Folkesson, Jakob. "Bidders’ reactions on valuation signals – anempirical study of commercial propertyauctions in the UK." Thesis, KTH, Fastigheter och byggande, 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-131471.

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Auctions have always been an important transaction tool for objects that requires an individual pricing, such as properties, antiquities, art, cars, jewellery and so on. However, few commercial property markets are employing this market making function with the consequence of more illiquid market segments. Previous research has focused on whether or not providing information signals about the object is beneficial to the seller or not from a theoretical point of view. Therefore, this report aims at empirically assess how provided valuation information affects the sale-outcome of commercial real estates. This study examines the quality of the sellers’ and auctioneer’s announced valuation signal to the bidders by utilizing conventional econometric hedonic models, where the dependent variables are factors determining the success of the auction and based on a dataset including guide-prices and an investment grade for each object. The result is that the sale probability increases and price settles closer to the ex-ante valuation for objects with a low signalled risk (low guide price yield) and a high grade (A). There is a strong correlation between guide price yields and initial transaction yields, i.e. bidders’ risk/reward assessment follows that of which is signalled from the sell side. Furthermore, the transaction yields are more inelastic than the guide price yields, i.e. this happens at less than a 1:1 proportional rate increase. This indicates that guide prices not optimally reflect the bidders’ valuation. Furthermore, the bidders do take external factors into account when assessing whether or not to make a bid. In general bidders tend to prefer low yielding buildings with a high investment grade.
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Bohman, Mickael. "Real Estates Stocks' correlation to their underlying property portfolio and the stock market." Thesis, KTH, Fastigheter och byggande, 2015. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-183414.

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Burešová, Jarmila. "ocenění nemovitosti zatížené vlastnickým právem a její přebudování v penzion, včetně zhodnocení perspektiv daného projektu." Master's thesis, Vysoká škola ekonomická v Praze, 2010. http://www.nusl.cz/ntk/nusl-75661.

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The thesis deals with the valuation of the house, including land and all accessories under various conditions. The theoretical part explains the basic terminology and summarises the valuation methods used in this thesis. The practical part begins with the valuation of the house and land including all accessories, according to Ordinance for Valuation and Market Valuation Methods, specifically the Asset Value Method and the Comparative Method. The next section considers the existence of a life-use easement by a co-owner of part of the house, gardens and common areas, and sets the value of the property burdened by this easement. At the end, the property is valued as two separate apartments. All costs necessary to achieve the income from rent and property redevelopment are estimated, as well as the net annual return which would result from letting the two apartments. Final assessment of the benefit of the project is implemented through an Economic Rent Method and its comparison with the annual rent income.
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Uba, Okwuchukwu Gerald. "Determining the Property Value Impact of Landfills." PDXScholar, 1994. https://pdxscholar.library.pdx.edu/open_access_etds/4751.

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The decline in property value can be due to owner's act or exogenous act from the operation of landfills. Landfill neighbors, especially home owners, perceive landfill operation to pose environmental safety problem such as ground water contamination and methane gas leakage that could affect home value. Owners of landfills, especially those landfills that accept only dry waste (limited purpose landfill), claim that since their facilities meet the requirements of environmental regulations and the type of waste they accept could not possibly produce methane gas and leachate there is no property value impact of their facilities. Several studies have shown that landfills do not have impact on property value. However, one recent study found that a large regional landfill have impact on property value. The property value impact of a limited purpose landfill located in Portland, Oregon, was investigated in this study. Data were gathered for homes in approximately one half mile radius around the landfill for the periods before the landfill opened, during operation, and after closure. Hedonic estimation technique incorporated in a multiple linear regression was used to control for a key variable (proximity or distance between the landfill and homes) and examine the relationship of this variable and sale price of homes. The results show that distance of homes (the proxy for perception) from the landfill was positively related and statistically significant with sale prices of homes during the period the landfill was in operation. Distance of homes sold in the periods the landfill was not in existence or operation was not positively related nor statistically significant with sale prices. That is, the operational effects of the landfill was capitalized into property value. With this result, the issue of whether neighbors of landfills should be compensated deserve more attention. The results of this study would be very helpful in negotiating compensation. The results also show that if adequate pollution mitigation measures are in place landfill zoning ordinance should be based on the fact that landfill sites would yield maximum economic benefit to the owner after closure.
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Crosby, N. "The application of equated yield and real value approaches to the market valuation of commercial property investments." Thesis, University of Reading, 1985. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.370639.

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Collens, Jarod. "An analysis of economic drivers in the greater Truckee Meadows area and their affect on single family home valuation." abstract and full text PDF (free order & download UNR users only), 2007. http://0-gateway.proquest.com.innopac.library.unr.edu/openurl?url_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:dissertation&res_dat=xri:pqdiss&rft_dat=xri:pqdiss:1442854.

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30

Ovsyuk, Nina Vasylivna, and Anastasia Nikolaevna Kovalenko. "Investment property accounting by national and international standards." Thesis, National Aviation University, 2021. https://er.nau.edu.ua/handle/NAU/53926.

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1. National Accounting Regulation (Standard) 32 "Investment Property": Order of the Ministry of Finance of Ukraine dated 02.07.2007 № 779. URL: https://zakon.rada.gov.ua/laws/ show/z0823-07#Text. 2. International Financial Reporting Standard 40 "Investment Real Estate". URL: https://zakon.rada.gov.ua/laws/show/929_026#Text.
The paper studies the importance of investment property accounting at the enterprise. The purpose of research is definition of essence of an investment real estate in the national and international standards.
В роботі досліджено важливість обліку інвестиційної нерухомості на підприємстві. Метою дослідження є визначення сутності інвестиційної нерухомості в національному та міжнародному стандарті.
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Coffin, Sarah L. "The Brownfields reality check : a study of land value and the effects of Brownfields on the locations of Section 8 Housing." Diss., Georgia Institute of Technology, 2002. http://hdl.handle.net/1853/23917.

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32

Ineza, Kayihura Didier. "Adoption of Artificial Intelligence in Commercial Real Estate : Data Challenges, Transparency and Implications for Property Valuations." Thesis, KTH, Fastigheter och byggande, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-298074.

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Investment decision in the property market is closely connected to property valuation. Thus, accuracy of valuation results and deep analysis of the market is essential. Artificial Intelligence (AI) models have been successfully adopted in different fields and markets. However, the real estate market is typically lagged in time to adapt to these changes. Swedish commercial property market arrangements are characterized by increasing confidentiality of certain data types. As a consequence, the adoption of the AI valuation models in the Swedish commercial property market is slowed down.  This study aims to bridge the gap in existing research by focusing on the market actor’s behavior in relation to market development and exploiting the capabilities inherent in adopting AI models in commercial property valuations.  The qualitative approach based on interviews with experts has been used to achieve the main objective of this study. Results suggest that the AI valuation models used on commercial properties are applied on valuation data and not on real transaction data. Analysis covers different aspects including data challenges and its disclosure, the role of government authorities, market and data perspectives of AI application on property valuations. A framework on AI implication in property valuation in different time horizons presented in this study will help to overcome data challenges and improve transparency of valuation results. This study is beneficial to various actors in the property market, including government authorities, investors, valuers and researchers.
Investeringsbeslut på fastighetsmarknaden är sammankopplat till fastighetsvärdering. Således är noggrannhet i värderingsresultat och en djup marknadsanalys nödvändiga. Artificiell intelligens (AI) modeller applicerades framgångsrikt inom olika områden och marknader. Fastighetsmarknaden är dock försenad i tid för att anpassa sig till dessa förändringar. Svenskt kommersiellt fastighetsmarknadsarrangemang är känd för ökad sekretess för vissa datatyper. Som en följd av detta minskar adopteringen av AI-värderingsmodeller på den svenska kommersiella fastighetsmarknaden. Denna studie syftar på att fylla i gapet i befintlig forskning genom att fokusera på marknadsaktörens beteende i förhållande till marknadsutveckling och utnyttja de möjligheter som ligger i adopteringen av AI-modeller i kommersiella fastighetsvärderingar.Den kvalitativa metoden baserad på intervjuer med experter har använts för att uppnå huvudmålet för denna studie. Resultaten tyder på att AI-värderingsmodellerna som används på kommersiella fastigheter tillämpas på värderingsdata och inte på transaktionsdata. Analysen täcker olika aspekter, inklusive datautmaningar och dess avslöjande, myndigheternas roll, marknads- och dataperspektiv för AI-tillämpning på fastighetsvärderingar. Ett ramverk för AI-implikationer i fastighetsvärdering inom olika tidshorisonter som presenteras i denna studie kommer att hjälpa till att överkomma datautmaningar och förbättra transparensen i värderingsresultaten. Denna studie är nyttig för olika aktörer på fastighetsmarknaden, inklusive myndigheter, investerare, värderare och forskare.
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Eves, Alfred Christopher, of Western Sydney Hawkesbury University, College of Law and Business, and of Construction Property and Planning School. "An analysis of rural land prices :1975-1996." THESIS_CLAB_CPP_Eves_A.xml, 1998. http://handle.uws.edu.au:8081/1959.7/767.

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The rural land market in Australia is a very complex property market. This complexity is not limited to the volatility of the returns in the rural land market, but also those factors that influence the change inland prices within specific rural property markets. Rural land returns – over the period 1975-1996, there has been higher than the returns achieved from residential and commercial real estate in respective rural areas: traditional farming areas have not provided the same level of returns as developing and marginal farming areas. Economic and financial factors and rural land prices – there is significant correlation between rural land price trends in adjoining areas with similar land use and level of farming development: as the distance between specific rural area increases the correlation between changes in land price decreases. Modelling rural land values – relationship between change in rural land prices and the change in economic factors is more significant in the developing and marginal cropping areas compared to the traditional cropping areas: there is a more significant association between rural land prices and rural economic factors when the economic factors are lagged, rather than contemporaneous. Rural property and valuation implications – rural land sales in one location are generally not an accurate measure of changing prices in another location: factors other than rural economic factors have a greater impact on rural land prices in areas which are closer settled or where alternate non agricultural land uses are available
Master of Commerce (Hons.)
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34

Wan, Shing-fun Billy, and 溫承勳. "Is railway the only element that adds value to the MTR properties?" Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2006. http://hub.hku.hk/bib/B45009077.

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35

Horáková, Veronika. "Analýza yieldů pro účely výnosového ocenění nemovitostí v České republice." Master's thesis, Vysoká škola ekonomická v Praze, 2012. http://www.nusl.cz/ntk/nusl-199066.

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My diploma thesis deals with the analysis of yields which are used for finding out the value of the estate by the income approach. In the theoretical part there is the description of the particular approach of the estate valuation and the definition of the basic points going together with the real estate market. There is even the comparison of the methods used in the valuation of the estate with the methods used in the valuation of the business. The practical part deals with the yield analysis, its relationship with another macroeconomic quantity. This work is focused on the development of the yields through the real estate market segments, too.
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Haworth, Martin. "A study of the relationship between changes in housing values and variations in macroeconomic factors." University of South Africa, 2007. http://hdl.handle.net/10500/61.

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A Research Report presented to the Graduate School of Business Leadership University of South Africa. In partial fulfilment of the requirements for the MASTERS DEGREE IN BUSINESS LEADERSHIP, UNIVERSITY OF SOUTH AFRICA
The purpose of this research is to analyse the changes in housing values in Windhoek, Namibia over the past ten years and explore links in property value variation to macroeconomic changes during that period. The objectives of this research are twofold. Firstly this research compiles and assesses the movement of housing values over the past ten years. Secondly this research assesses if there is a causal relationship between changes in macroeconomic factors and housing values, and to define the nature of this relationship. The timing and magnitude of response by housing values to changes in macroeconomic factors are investigated. The primary data requirements for this study are a monthly relative value index of housing prices for the Windhoek area and macroeconomic factors. Macroeconomic data collected relates to macroeconomic conditions within Namibia that could have an effect on housing prices. This includes information on housing supply, GDP, population levels, inflation and interest rates. The results of this study explore the relationship between these factors and changes in housing prices as reflected by changes in the housing index. The most significant result of this study is the effect of housing availability on housing values. Changes in the total supply of housing as estimated by the number of houses built in a month affect changes in housing values after 5 and 6 months. A total of 20.5% of the change in housing values can be explained by the change in total housing supply. The effect of interest rates found by this study was lower than the theory and literature reviews would have led us to expect. The results of the Pearson correlation test for the relationship between percentage changes in interest rates and percentage changes in future housing values found that a relationship exists 8 months after the change in interest rates occurred. Interest rates were found to explain 5.5% of the change in housing values 8 months later. No significant effects were noted for changes in inflation. For population and income changes there was insufficient data to perform more than a high level look at possible interactions with the level of housing prices.
Graduate School of Business Leadership
MBL
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37

Pardee, Robert McKnight 1949. "TUCSON: MONITORING THE PUBLIC'S PERCEPTION OF SCENIC BEAUTY AND REAL ESTATE VALUE (LANDSCAPE, ARIZONA)." Thesis, The University of Arizona, 1985. http://hdl.handle.net/10150/275338.

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38

Lund, Charlotte. "The Effects of E-commerce on Retail Property Values : A study about how the growth of e-commerce affects property values in the retail real estate sector." Thesis, KTH, Fastigheter och byggande, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-277028.

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With new ways of shopping, it could be assumed that not all actors within the retail sector will come out as winners. As the growth of e-commerce has been continuously rapid over many years, there is evidence for physical retailers suffering of sales losses.Behind every retailer stands a real estate owner that is reliant on the rental income ofits tenants, which could be assumed to be violated if the retailers are not resistant to the changes within the retail sector. If the income losses of the retailers are displaced to the real estate owners, it might have negative effects on the value of their retailproperties. This thesis investigates what effects the growth of e-commerce has onretail property values. The research questions of this research have been answered by interviewing real estate owners and property valuers with expertise on this topic. With basis of the results from the interviews, a case study has also been conducted on one of Stockholm´s mostprominent retailer – NK. Concluding the most obvious challenges and foresights from the real estate owner and the valuer´s perspective, three scenarios for valuing NK Stockholm was produced. It was concluded that real estate actors differ in their view of e-commerce. Some viewe-commerce and physical retail as complements, while some see them as opposites.They also have different strategies for how they work with growing e-commerce att heir physical retail areas. The different approaches are supposedly connected to how involved the real estate owners are with their retailers, and what retailers they have.The most prominent challenge is to create a retail space that attracts the righ tcustomers. To decide what retailers should be included, and what concepts that consumers demand. It was concluded that real estate actors differ in their view of e-commerce. Some view e-commerce and physical retail as complements, while some see them as opposites.They also have different strategies for how they work with growing e-commerce at their physical retail areas. The different approaches are supposedly connected to how involved the real estate owners are with their retailers, and what retailers they have.The most prominent challenge is to create a retail space that attracts the right customers. To decide what retailers should be included, and what concepts that consumers demand the income will decrease. If the real estate owner work actively on adapting to marketchanges, consumer behavior and consumer demand, it is more likely that property values will not decrease as income is generated alternatively, and as Omni-channeled retailer Scenario depictures, the value can even increase. The Food & Beverages Scenario was a middle way, where the real estate owner invested in new usages for the vacant retail spaces, restaurants and cafes. The cost of investment and the cost of maintenance and other operational costs, as there is more wear on restaurant spaces,will cause a decrease in value. The most prominent outtake of this research is how significant the strategy of the realestate owner is for the value. Real estate owners applying the “wrong” strategy in timesof structural changes, risk a decrease in their property values.
Med nya möjligheter att konsumera, kan det antas att inte alla aktörer inom detaljhandeln kommer ut som vinnare. Då e-handeln ökat stadigt under många år,finns det belägg att tro att de fysiska detaljhandlarna tappar andelar av deras försäljning. Bakom varje detaljhandlare finns det en fastighetsägare som är beroende av hyresintäkter från sina hyresgäster, som riskerar att minska om detaljhandlarna inte kan hantera de strukturella förändringar som detaljhandeln genomgår. Om ett inkomstbortfall från detaljhandlare förskjuts till fastighetsägarna finns det riskatt det har negativ påverkan på värdet av dessa detaljhandelsfastigheter. Denna uppsats undersöker vilka effekter som den ökade e-handeln har på detaljhandelsfastigheter. Genom att intervjua fastighetsägare och fastighetsvärderare med god kompetens inomområdet har forskningsfrågorna för denna uppsats besvarats. Grundat på resultatet från intervjuerna har en fallstudie på en av Stockholms mest välkända handelsvaruhus– NK Stockholm gjorts. En sammanfattning av de mest framstående utmaningarna och de framtidsspaningar som togs upp under intervjuerna, skapades tre olikascenarier för att värdera fastigheten som NK Stockholm ligger i. Från studien kan sammanfattas att fastighetsägarna har olika syn på e-handeln. Vissa ser e-handeln och den fysiska handeln som komplement, medan andra ser e-handeln och fysiska handeln som motpoler och i vissa fall direkta hot. De har också varierande strategier för hur de valt att arbeta mot ökad e-handel på deras fysiska handelsytor. De olika förhållningssätten ser ut att grunda sig på hur involverade fastighetsägarnaär i deras detaljhandelshyresgästers verksamheter, samt vilken typ av detaljhandelshyresgäster de har. De största utmaningarna är att skapa handelsytor som attraherar rätt besökare, bestämma vilka hyresgäster som ska ingå, samt vilka koncept som efterfrågas av besökarna. I fallstudiens första scenario förhöll sig fastighetsägaren relativt passiv, utan några direkta åtgärder i en situation där vakanserna ökade som en effekt av ökad e-handel.Utfallet blev att fastighetsvärdet minskade, allt annat lika, då intäkterna gått ner. Om fastighetsägaren istället jobbar med att anpassa ytorna och detaljhandelshyresgästerna för vad konsumenterna efterfrågar, visar det att intäkterna istället kommer att öka. I det andra scenariot, investerade fastighetsägaren i att hitta nya användningsområden för de vakanta ytorna såsom restauranger och caféer. Kostnaderna för investeringar av detta slag, sammanslaget med de ökade drift och underhållskostnaderna och ökat slitage på denna typ av ytor kommer att innebära en värdeminskning. Den mest framträdande lärdomen från denna uppsats är hur betydande den individuella fastighetsägarens strategier för sina respektive handelsytor är. Fastighetsägare som väljer “fel” strategi riskerar att tappa delar av sina fastighetsvärden.
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39

姚松炎 and Chung-yim Yiu. "The effects of age on housing prices in Hong Kong." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2002. http://hub.hku.hk/bib/B42576878.

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40

Leonard, Christopher. "Measuring the value of transit access for Dallas County: A hedonic approach." Thesis, University of North Texas, 2007. https://digital.library.unt.edu/ark:/67531/metadc3948/.

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Advocates of urban light rail transit argue that positive developments around station area(s) should offset the costs of implementing a transit system by creating more livable communities and enhance surrounding residential property values. In some cases, decreased urban landscape aesthetics have been reported. The purpose of this study is to contribute to this debate via an analysis of the impact of the Dallas Area Rapid Transit system on residential property values in Dallas County. By examining the impact of distance on property values of two features of the DART system: the transit station and the rail line, and by holding a series of structural variables constant, a net change in value can be calculated using a multi-regression model.
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41

Sale, Michael Charles. "The application of property value models to assess government housing policy : a Nelson Mandela Bay Case Study." Thesis, Nelson Mandela Metropolitan University, 2013. http://hdl.handle.net/10948/d1020007.

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Two developments that may impact house prices have dominated the residential property landscape in South Africa in recent years, namely government’s planned social housing developments and residential property value assessments carried out by local municipalities across South Africa for property tax purposes. Social housing developments are often plagued by “local opposition”, who argue that subsidised housing units may have a negative effect on adjacent non-subsidised residential housing. Negative preconceptions of social housing form the basis of this argument, which is commonly referred to as the “not-in-my-backyard” (NIMBY) syndrome. International studies conducted have, however, produced mixed results with some concluding that social housing developments lead to a reduction in nearby property prices, whilst others conclude that they lead to an improvement in surrounding property values. Currently, the state of the South African economy and demographics are limiting previously disadvantaged, poor peoples’ access to affordable and safe housing, and for this reason the basis of the NIMBY rationale deserves closer attention. In order to test the validity of the NIMBY rationale, this study examines, by means of the hedonic price method, the effect of an existing housing establishment catering for low-income earners (the Walmer/Gqebera Township) on adjacent property values in the suburb of Walmer, Port Elizabeth, Nelson Mandela Bay in the Eastern Cape. The study concludes that the low-cost housing development exerts a negative impact on the property values of nearby houses - the average owner of a non-subsidised residential property in Walmer would be willing to pay between R38 033 and R46 898 to be situated 200 metres further away from the Walmer Township. This conclusion is subject to three qualifications. The first is that the Walmer Township is not a recognised social housing development but merely a proxy for one. The second qualification is that a relatively small data set was used in this study and only one social housing development was considered. The third qualification is that the study period is from 1995 to 2009, which necessitated the adjustment of market prices to constant 2009 rands. For this purpose, data from the Port Elizabeth and Uitenhage section of the ABSA house price indices were used. It was not possible to disaggregate the indices further to obtain a Walmer-specific index. It is possible that an imperfect correlation exists between the Walmer property trend and the metropolitan (Port Elizabeth and Uitenhage) trend used in this study. Based on the results of this doctoral investigation it is recommended that a monthly rebate on property rates of between R269.40 and R332.19 be implemented for affected Walmer residents. This amount could be sufficient to mitigate the capital loss associated with proximity to the Walmer Township. In terms of the management of social housing projects, it is strongly recommended that the following occur in order to alleviate the NIMBY syndrome: existing dwellings should be renovated, tenants should be monitored, dwellings should be appropriately designed and maintained, the composition of the host neighbourhood should be assessed and the image of social housing should be improved. With regard to the renovation of dwellings, social housing site preference should be given to existing structures in need of renovation, as positive externalities are associated with the renovation of such properties. The monitoring of tenants needs to take place in order to ensure that the financial and behavioural obligations of the tenants are met, and that informal “shack dwellings” do not materialise on site, and finally, that tenant default rates remain low. The appropriate management of these projects will also aid in combating the perception that social housing developments lead to private residential property devaluation. In respect of residential property value assessments, many homeowners have recently argued that there is very little equivalence between the municipality’s valuations and true market values. This study uses, inter alia, the hedonic price model to investigate the accuracy of the Nelson Mandela Bay Municipality’s 2007/2008 valuation roll. The investigation was limited to the valuation roll applicable to the Walmer neighbourhood. The study finds that there is, on average, a 13.89 percent difference between market prices and the 2007/2008 municipal assessed values. In addition, this study finds that an attributebased hedonic price model produces property price predictions that are more in line with true market values. This finding is subject to two qualifications. The first qualification is that only the Walmer neighbourhood’s assessed values were considered, thus limiting the findings. The second qualification is that a relatively small data set was used.
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Borgström, Stina, and Elin Norman. "Värdeinverkan vid avsaknad av väg : Hur påverkas marknadsvärdet om väg fram till fastigheten saknas?" Thesis, Högskolan i Gävle, Avdelningen för Industriell utveckling, IT och Samhällsbyggnad, 2015. http://urn.kb.se/resolve?urn=urn:nbn:se:hig:diva-19897.

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Syftet med studien är att ta fram ett grundläggande material för vidare undersökning avseende högre kvalitet vid taxeringsförfarandet i samband med justering av taxeringsvärden när väg fram till småhusfastigheter saknas. Detta då det idag inte finns några riktlinjer kring denna justering. Målet med studien är att undersöka vilken värdeinverkan avsaknad av väg till småhusfastigheter kan anses ha på marknadsvärdet, och vad som gör denna värdeinverkan svår- eller lättbedömd. Metoderna som tillämpats i studien avser en kvantitativ- samt kvalitativ undersökning. Den kvantitativa undersökningen har genomförts i form av telefonintervjuer med mäklare och fastighetsvärderare. Detta för att få en generell bild av hur marknaden anses uppfatta förhållandet avsaknad av väg. Denna undersökning kompletterades med en kvalitativ intervjuundersökning för att erhålla en djupare förståelse för hur marknadsvärdet påverkas av detta förhållande, samt hur denna värdebedömning går till. Resultatet av undersökningen pekar på att en marknadsvärdeinverkan går att påvisa i de fall då småhusfastigheter saknar tillgång till väg. Inverkan på marknadsvärdet är svårbedömt då den varierar efter olika fastighetsförhållanden, marknadsvärdenivåer och anläggningskostnader. Resultatet visar även att, redan vid ett avstånd på över 100 meter från fastigheten till närmsta körbara väg, kan inverkan på marknadsvärdet anses ligga över 20 procent. Slutsatserna utifrån resultatet är att en avsaknad av väg i de flesta fall är en värdesänkande faktor. Vidare skulle tydligare riktlinjer kring värdebedömningen av detta förhållande underlätta värderingsförfarandet.
The purpose of the study is to serve as a material for further investigation concerning higher quality of tax procedures related to the adjustment of assessed values when there is no road to single- family houses. This is because there are currently no guidelines for this type of adjustment. The aim of the study is to investigate the value of the impact an absence of a road to single-family houses may have on its market value, and what makes this value of the impact difficult or easy to assess. The methods applied in the study concerns a quantitative- and qualitative research. The quantitative survey was conducted in the form of telephone interviews with brokers and property appraisers. This was done to obtain a general picture of how the market considers the condition of an absence of road. This survey was supplemented with qualitative interviews to obtain a deeper understanding of how the market value is influenced by this condition, and how this value assessment is done. The results of the survey indicate that an impact of the market value can be demonstrated for those single- family houses which have an absence of road. The impact of the market value is difficult to assess because it varies by different property conditions, market values and facility costs. The result also shows that, even at a distance of over 100 meters from the property to the nearest drivable road, the impact on the market value is considered to be above 20 percent. The conclusions from the results are that an absence of road, in the most cases, is a value lowering factor. Furthermore would clearer guidelines, for value assessment, facilitate the process of the valuation.
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43

Blohmé, Torkel, and Nils Grundmark. "Anvisning och prissättning av mark i Stockholms yttre kranskommuner : En studie av markanvisningsriktlinjers tillämpning i praktiken." Thesis, KTH, Fastigheter och byggande, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-276825.

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Anvisning av kommunalt ägd mark ska sedan göras i enlighet med kommunen i frågas markanvisningsriktlinjer. Riktlinjer för markanvisning är ett, sedan 2015, laga krav hos kommuner som anvisar mark. Trots detta är kommunal markanvisning fortfarande en marknad som präglas av en avsaknad av transparens och överskådlighet. Arbetet granskar och jämför ett antal av Stockholms yttre kranskommuner gällande deras markanvisningspolicys och riktlinjer. De kommuner som valts ut är Botkyrka, Haninge, Norrtälje, Nynäshamn, Upplands-Bro, Upplands Väsby och Sigtuna för deras förmodade stora roll i Stockholms framtida utveckling. Trots att rådande lagstiftning i frågan om riktlinjer för kommunala markanvisningar trädde i kraft 2015 saknar fortfarande kommuner riktlinjer markanvisning. Problematik råder även inom kommuner som antagit riktlinjer men inte följer dessa, något som motverkar Lag (2014:899) om riktlinjer för kommunala markanvisningar, vars bakomliggande syfte var att göra kommunal markanvisning mer transparent. Kommunal markanvisning har en avsaknad av påföljder till följd av agerande i strid mot lagstiftning. Boverket som tillsynsmyndighet uppvisar statistik som visar att över 10% av svenska kommuner som anvisar mark saknar riktlinjer. Det saknas granskningar som är offentliga rörande huruvida riktlinjerna efterföljs inom de kommuner som antagit riktlinjer. Ingen tydlig skillnad observeras i markpris i samband med tillämpning av olika markanvisningsmetoder. Material erhållet från kommunerna i undersökningen visar dock att det starkt kan ifrågasättas om alla kommunerna tillämpar oberoende värderingar vid prissättning av mark. Vidare finns kommuner som valt att klassa sina värderingar som arbetsmaterial, något som inte lämnas ut till offentligheten, trots att värderingar bör anses som beslutsgrundande. Parallellt med undersökning om markanvisningsriktlinjer undersöks även frågeställning kring prissättning och distans från Stockholms innerstad, samt om priset kan förklaras med William Alonsos platsteori. Undersökning visar ett tydligt samband mellan distansen från Stockholms Central och priset på marken vid anvisning. Det uppvisade samband mellan totala distansen till centrum och pris visar på ett starkare linjärt samband vid jämförelse med sambandet mellan restid från samma kommun och markpris.
Allocation of land owned by municipalities should be carried out in line with the municipality in questions guidelines for land allocation. Guidelines for allocation is, since 2015, required by Swedish law for those municipalities that allocate real estate. Despite that, municipality land allocation is a branch characterized by a lack of transparency and clarity. This report examines and compares some of the outer crane municipalities of Stockholm regarding their land allocation policy and guidelines. The municipalities chosen were Botkyrka, Haninge, Norrtälje, Nynäshamn, Upplands-Bro, Upplands Väsby and Sigtuna, because of their assumed big part in the further development of Stockholm. Even though the current law of guidelines for land allocation took effect in 2015 there is still municipalities that lack guidelines and policies. There are further problems in some of the municipalities that adopted guidelines that they don’t follow them, which counteract Law (2014:899) about guidelines for land allocations within a municipality, the underlying purpose of which was to make land allocation within municipalities more transparent. Land allocation in the municipality has a lack of penalties as a result of acting in violation of legislation. Boverket as a regulator have statistics that shows that 10% of swedish municipalities that allocates land does in fact not have guidelines, but there is a lack of examination if municipalities that have guidelines follow them. No clear difference in price of land can be noticed when comparing different methods of allocating land. The material we obtained from the municipalities in this investigation makes us question if all the municipalities is applying independent valuation of land. There are also municipalities that classes their valuations as working material, something that isn't public information, even though valuations should be considered decision founding. Parallel to the investigation of land allocation guidelines investigations about pricing and distance from the center of Stockholm is being examined as well as if the pricing can be explained by William Alonso’s location theory. The investigation shows that there is some kind of connection between the prices of the land when allocated and the distance from Stockholm City. There is a stronger correlation between distance and pricing than time of traveling and pricing.
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44

Miller, David B. "Decision support systems for land evaluation : theoretical and practical development." Thesis, University of British Columbia, 1985. http://hdl.handle.net/2429/24865.

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The challenge of resolving land use allocation and policy questions depends to a large degree on the conversion of data into information, and the effective integration of information into the decision process. Land evaluation is one of the fundamental means of generating information for land planning. Information products have however, been inconsistently and ineffectively used in the decision process. This thesis develops a decision centered approach to land evaluation as a response to this concern. Included in this development is a description of important theoretical concepts, as well as a practical demonstration of the use of decision support systems as a design approach. Initially, a conceptual model is introduced illustrating the technical and use components of information generation, as well as the adaptive design cycle. Various terms and techniques involved in the technical aspects of land evaluation are reviewed. Decision making concepts including decision structure, environment, analysis, and criteria are outlined. Three existing methods of land evaluation are then compared from a use or decision making perspective. Having completed a review of current approaches, Decision Support Systems are introduced as a logical progression towards a decision centered approach. Decision Support System design is demonstrated using a portion of the Central Fraser Valley Regional District as a case study area combined with an interactive microcomputer land planning tool (LANDPLAN). The demonstration emphasizes the advantages of the flexible, interactive capabilities of Decision Support Systems in aiding the decision process. Iterative design is also promoted with several needs identified if a more complete system is to be developed. In particular, data on strategic long term supply and demand factors is required, as well as continuous rating functions for assessing land performance.
Science, Faculty of
Resources, Environment and Sustainability (IRES), Institute for
Graduate
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45

Karas, Jindřich. "Analýza vhodných metod a postupů k ocenění Aquaparku Kohoutovice." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2015. http://www.nusl.cz/ntk/nusl-233116.

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The task of the thesis is analysis of suitable methods and procedures for valuation of selected sports complex. The thesis covers the valuation of complex Kohoutovice swimming pool. The aim is to determine or estimate the expenses that are related to the operation of the complex and to analyze revenues. Besides its own valuation of swimming pool complex are the results of determine criteria that may affect revenues of sports complex.
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Seo, Wonseok. "Spatial Impacts Of Micro Neighborhood Environments On Residential Real Estate Resale Values: The Importance Of Physical Disorder." Columbus, Ohio : Ohio State University, 2008. http://rave.ohiolink.edu/etdc/view?acc%5Fnum=osu1228281862.

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47

Smolek, Vít. "Ocenění bytového domu." Master's thesis, Vysoká škola ekonomická v Praze, 2007. http://www.nusl.cz/ntk/nusl-4153.

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The thesis sets the market value of particular real estate -- an apartment block - through the cost, yield and comparative ways. Moreover, the value set through the administrative way is presented. Further, the resulting values are compared. The terms, procedures and methods of valuation are described in the theoretical part of the thesis.
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48

Hamouzová, Michaela. "Analýza vývoje cen nemovitostí v České republice." Master's thesis, Vysoká škola ekonomická v Praze, 2016. http://www.nusl.cz/ntk/nusl-264620.

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The aim of this diploma thesis is to analyze the development of the prices of real estate in the Czech Republic. The thesis is divided into three main parts. The first one deals with the theoretical introduction to valuation of the real estate. Moreover, the thesis presents the current development of the prices of real estate on the Czech market. The last part focuses on co-integration analysis, within which an ADL model is created. This model serves as a base for an error correction model, which describes short-term as well as long-term relations within the time series. The explanatory variables are gross domestic product, consumer price index, the amount of finished apartments, interest rate of mortgage loans, common rate of unemployment, and average gross monthly income. It is the one-equation model which describes the relation among the already mentioned explanatory variables and the HPI index. analysis of the development of the prices of real estate
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Andersson, Leo. "Lägets betydelse för värdet på småhus och tomtmark vid skidanläggningar." Thesis, Högskolan i Gävle, Avdelningen för datavetenskap och samhällsbyggnad, 2019. http://urn.kb.se/resolve?urn=urn:nbn:se:hig:diva-30706.

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Syftet med denna studie är att ta reda på om närheten till alpina skidanläggningar har någon påverkan på överlåtelsepriserna för fastigheter. Studien beskriver och analyserar även huruvida taxeringsnivån på småhusfastigheter nära en skidanläggning bör hanteras via värdeområdesindelningar eller inte. Studien skrivs på uppdrag av Lantmäteriet. I Sverige har marken delats upp i olika stora fastigheter. Varje fastighet är unik, vilket medför att det uppstår olika värden på fastigheterna. Den mest betydelsefulla faktorn för fastighetens taxeringsvärde är dess geografiska läge. Ligger fastigheten exempelvis långt från samhället, med dåliga kommunikationer till den närliggande staden, innebär det ofta ett förhållandevis lågt fastighetsvärde. Om fastigheten däremot har bra kommunikationer, nära till affär och skola, tillgång till kommunalt vatten och avlopp innebär det ofta ett högre fastighetsvärde. För att kunna undersöka hur närheten till alpina skidanläggningar påverkar fastighetsvärdet har det i detta arbete gjorts ortsprisundersökningar på två alpina skidorter, Björnrike och Lofsdalen i Härjedalens kommun. Data om försäljningar har samlats in för respektive område, vilka sedan har analyserats och bearbetats, och slutligen renderat i ett resultat. Det har även genomförts intervjuer under arbetet med studien. Resultatet i studien visar att det finns ett samband mellan småhusfastigheter som har ski-in/ski-out-läge och taxeringsvärdet. Fastigheter som har detta läge säljs för högre köpeskillingar än de fastigheter som inte innehar ett ski-in/ski-out-läge. Detta arbete har dock enbart undersökt hur ski-in/ski-out-läget påverkar marknadsvärdet för fastigheter i Björnrike och Lofsdalen. Fastighetsmäklare från andra alpina skidorterna i Sverige är dock överens om och bekräftar uppfattningen om att försäljningspriserna är högre för fastigheter och bostadsrätter som innehar ski-in/ski-out-läge. I Björnrike visade sig inte värdeskillnaderna vara så pass betydande att de undersökta fastigheterna behövde hanteras med hjälp av värdeområdesindelningar, men i Lofsdalen bör småhusfastigheter med ski-in/ski-out-läge hanteras via separata värdeområden. Ett förslag som under arbetet med studien har tagits fram och som redovisas i diskussionen är att småhusfastigheter vid alpina skidanläggningar skulle kunna hanteras i olika belägenhetsklasser i förhållande till skidbacken och skidliften. Utifrån belägenhetsklass skulle småhusfastigheterna kunna taxeras annorlunda. Ju närmare skidbacken eller skidliften fastigheten ligger, desto högre belägenhetsfaktor kommer fastigheten att få, vilket i sin tur påverkar taxeringsvärdet.
The purpose of this study is to find out if vicinity to alpine ski resorts affect the transfer prices of properties. The study should also describe and analyse whether the taxation level of singel-family house properties close to a ski resort should be managed through value area divisions. The study is written on behalf of Lantmäteriet. In Sweden, the land is divided into various large properties. Each property is unique, which means that they have different values. The most important factor for the property’s tax assessment value is its geographical location. If the property is far from the community with poor communications to a nearby city, it probably has a low property value. If the property on the other hand has good communications, close to shops, schools and access to municipal water and sewage, it probably has a higher property value. In order to investigate this, two local price surveys on two alpine ski resorts has been done, Björnrike and Lofsdalen in the municipality of Härjedalen. Data on sales has been collected for each area, which has been analysed and processed into the result of this study. Interviews have also been done in the study. The study shows that there is a connection between family-house properties that have ski-in/ski-out location and the tax assessment value. Properties that have this location are sold for a higher purchase price than the properties that do not have a ski-in/ski-out location. This study has only investigated how the ski-in/ski-out location affects the market value of properties in Björnrike and Lofsdalen. However, real estate agents from various alpine ski resorts in Sweden agree that the sales prices are higher for properties and condominiums with a ski-in/ski-out location. In Björnrike, the value difference is not significant enough in order to be managed through value area divisions. In Lofsdalen, on the other hand, family-house properties with ski-in/ski-out location should be handled with separate value area divisions. One suggestion that this study has resulted in, and which is reported in the discussion, is that family-house properties at alpine ski resorts could be handled in different location classes in relation to the ski slope and the ski lift. Based on the location class, the family-houses would then be assessed differently. The closer to the ski slope the property is located, the higher the location factor the property will have, which affects the tax assessment value.
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50

Ödmark, Victoria. "Samhällsfastigheter som investeringstrend : Hur kan priset motiveras utifrån det man vet om framtida kassaflöden?" Thesis, KTH, Bygg- och fastighetsekonomi, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-96570.

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Det finns idag en trend i viljan att investera i samhällsfastigheter, det vill säga fastigheter där olika typer av samhällsservice bedrivs. Fördelen med denna typ av investeringar är att ägarna kan teckna långa hyresavtal med kommuner, landsting och staten som hyresgäst, vilket ger säkra kassaflöden i och med låg vakansrisk. Investeringsmarknaden för samhällsfastigheter är relativt ny för privata aktörer då dessa fastigheter tidigare ägdes i princip uteslutande av kommun och landsting, men som idag av olika anledningar valt att sälja och istället hyra tillbaka fastigheten av specialiserade fastighetsägare.  Studien syftar till att identifiera de osäkerheter/risker som existerar vid investeringar i samt förvaltande av samhällsfastigheter och främst vårdfastigheter i Sverige. Genom att intervjua aktörer som deltagit i tre studerade transaktioner av vårdfastigheter från 2011 har en investeringskalkyl samt en känslighetsanalys utformats och legat till grund för de slutsatser som dragits. Att investera i samhällsfastigheter har visat sig vara en relativt stabil och säker investering, då de långa kontraktens driftnetton bidrar till att investeringen kan räknas hem redan under första kontraktstiden. Dock med antagande om att inga oväntade kostnader uppstår. De största riskerna som föreligger gällande dessa fastigheter är restvärdesrisk på grund av svår alternativanvändning för dessa hyresgästanpassade byggnader, teknisk risk då fastigheterna behöver upprätthålla standard och viktiga funktioner samt politisk/jurisdisk risk där förändring i demografi, miljölagar, regleringar och krav påverkar samhällsfastigheters utveckling. Företagen som investerar i samhällsfastigheter är vanligtvis inriktade på denna typ av investering, vilket genom ökad kompetens inom området bidrar till en bra och långsiktig relation med hyresgästerna. Vidare har de inblandade aktörer en tämligen homogen syn på ansvarsfördelningar, kontraktsuppbyggnad och så vidare. Dessutom visar den demografiska utvecklingen i landet på en stor efterfrågan på samhällsfastigheter i framtiden och framför allt på vård- och omsorgsboenden.
There is currently a trend in the willingness to invest in public property, i.e. properties where different types of community services are provided. The advantage of this type of investment is that owners can sign long leases with tenants such as municipalities, counties and the state, providing secure cash flows and low vacancy risk. The investment market for public properties is relatively new to private operators as these properties have previously been owned almost exclusively by the municipality and county. Today, for various reasons, the municipalities and counties have decided to sell their properties and rent them back from specialized property owners. The study aims to identify the uncertainties/risks that are associated with investment and management of public properties, with a special focus on care properties in Sweden. An investment calculation and a sensitivity analysis were made through studies of three care property transactions in 2011 and interviews with the participating actors. The calculation and analysis have been the basis for the conclusions drawn. Investing in public real estate has proven to be a relatively stable and safe investment. The net operating income of the long leases that contribute to the investment could be considered as being paid back during the first contract period, assuming that no unexpected costs arise. The main risks that exist in these properties is salvage value risk due to severe alternative use for these tenant adjusted buildings, technical risk as the properties need to maintain standard and essential functions and at last political/legal risk where changes in demography, environmental laws, regulations and requirements affect public property development. Companies that invest in public real estate are usually focused on this type of investment, which through enhanced capabilities in the area contributes to a good and long-term relationship with tenants. Furthermore, the players involved have a rather homogeneous view of delegation of responsibility, contract structure and so on. Moreover, the demographic development in the country shows a high demand for public buildings in the future and especially in nursing and care homes.
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