scholarly journals Reproduction of Real Estate Valuation Methodology in Practice. An Attempt at Identifying Sources of Divergences

2014 ◽  
Vol 22 (2) ◽  
pp. 67-79 ◽  
Author(s):  
Ewa Kucharska-Stasiak
Keyword(s):  
Real Estate ◽  
Legal Regulations ◽  
Analysis Method ◽  
Practical Application ◽  
Case Study Method ◽  
Property Valuation ◽  
Real Estate Valuation ◽  
Valuation Methodology ◽  
The Difference

Abstract The objective of the study is to try and identify the reasons for the detachment of the valuation practice from its methodology. Two methods have been used in the paper: the analysis method and the case study method, under which fourteen property valuation reports posted on websites and two opinions about the property valuation prepared for court purposes in order to detect and identify sources of deviations from the valuation methodology have been analyzed. The study, besides theoretical aspects, includes references to practical application: pointing out directions of changes in legal regulations and national valuation principles, which should help achieve uniformity in interpreting the valuation concept, allowing the reduction of its uncertainty, understood as the uncertainty of a single valuation and uncertainty as the difference between valuations.

Prawne i merytoryczne aspekty wyceny nieruchomości na potrzeby ustalania opłaty planistycznej

2021 ◽  
pp. 211-236
Author(s):  
Jan Kuryj ◽  
Anna Klimach ◽  
Ryszard Źróbek
Keyword(s):  
Real Estate ◽  
Legal Regulations ◽  
Real Property ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Appraisal ◽  
Property Valuation ◽  
The Difference ◽  
Calculated Difference

The Act of March 27, 2003, on spatial zoning plan and development, regulates establishing zoning plan fees. Thus, the executive bodies of the municipalities have legally created instruments to collect the fee if the conditions outlined in the Act are met. Amendments to this provision resulted in inaccuracies in establishing the fee. The zoning plan fee is established based on the increase in the value of the real property, taking into account two legal statuses. The real estate appraiser confirms the change in the value of the real property in the appraisal report, which constitutes evidence in the proceedings for determining the amount of the zoning fee.In practice, the determination of the zoning plan fee causes many misunderstandings and problems. The main reason for them is the difference in the value of the real property. It becomes the basis for the municipality’s claims against the property owner. Owners (perpetual usufructuaries), in most cases, take action to reduce the calculated difference in value. Most often, they question the correctness of the real estate appraisal and the way it was documented in the appraisal report.The article presents selected charges directed at real estate appraisers concerning the correctness of property valuation for this purpose, with a commentary supported by legal regulations and court rulings (judgments of the Supreme Administrative Court and the Supreme Administrative Court). In the paper, some findings of the Local Government Appeal Colleges are also indicated.

scholarly journals The Problem of Reflecting the Market in the Legal Principles of Real Estate Valuation in Poland. How to Eliminate the “Legal Footprint”?

2017 ◽  
Vol 25 (2) ◽  
pp. 44-57
Author(s):  
Jan Konowalczuk
Keyword(s):  
Real Estate ◽  
Market Value ◽  
Real Estate Market ◽  
Market Development ◽  
Negative Effects ◽  
Legal Principles ◽  
Property Valuation ◽  
Real Estate Valuation ◽  
Valuation Methodology ◽  
Market Needs

Abstract This paper presents and subjects to criticism the current principles of real estate valuation, which were introduced in Poland in the 1990’s during the return to a market economy, under the conditions of an underdeveloped real estate market. Against the background of the hypothesis of institutional maladjustment of the methodology to the current level of real estate market development, the author assesses the imitative manner of creating the valuation methodology and its discontinuation in 1998, resulting from the introduction of rigid legal regulations, which have significantly limited the ability of ongoing adjustment of the methodology to the market needs. The paper deals with the problems of defining market value and classifying valuation. The author assumes that the appraisal regarding the market value should be based on a descriptive model of real estate valuation, which should make it possible to reflect the market. He draws attention to the negative effects of valuation methodology which prevents or hinders the mapping of the market in appraisal reports. He proposes a change in the order of the legal principles of property valuation, based on a hierarchical model consisting of three elements: the definition and interpretation of value, the market and the methods of valuation.

scholarly journals Analysis of Value Added of Salted Little Tuna in Bandung Regency, West Java, Indonesia (The Case Study in Pindang Ikan Family Business)

2021 ◽  
pp. 26-34
Author(s):  
Ayudya Primarini ◽  
Iwang Gumilar ◽  
. Junianto ◽  
Zuzy Anna
Keyword(s):  
Descriptive Analysis ◽  
Value Added ◽  
Analysis Method ◽  
Case Study Method ◽  
Tuna Fish ◽  
Quantitative Descriptive Analysis ◽  
Quantitative Descriptive ◽  
Research Show ◽  
General Method

This study aimed to analyze the value-added of salted little tuna in Bandung Regency. The general method used in this research is the case study method. The data analysis method used is quantitative descriptive analysis. And to analyze the value-added, the Hayami’s methods were used. The research conduct in Bandung regency from July to August 2021. The results of this research show that value added of salted little tuna in Bandung regency is 27% it means the price of salted little tuna increase 27% from the price of fresh little tuna fish. So, the value-added of salted little tuna is relatively still low. The strategic that used to increase the value added of salted little tuna i.e., increasing in production, increasing in price, and decreasing in costs.

scholarly journals Real Estate valuation and forecasting in non-homogeneous markets: A case study in Greece during the financial crisis

2018 ◽  
Vol 70 (10) ◽  
pp. 1769-1783 ◽  
Author(s):  
Antonios K. Alexandridis ◽  
Dimitrios Karlis ◽  
Dimitrios Papastamos ◽  
Dimitrios Andritsos
Keyword(s):  
Financial Crisis ◽  
Real Estate ◽  
Real Estate Valuation

TODA

2018 ◽  
Vol 10 (1) ◽  
pp. 1-20 ◽  
Author(s):  
Cida Sanches ◽  
Samuel Ferreira Jr ◽  
Givaldo Santos ◽  
Marisa Regina Paixão ◽  
Manuel Meireles
Keyword(s):  
Decision Analysis ◽  
Objective Function ◽  
Analysis Method ◽  
Case Study Method ◽  
Application Process ◽  
Ahp Method ◽  
Trade Off ◽  
Software Application

This paper describes the use and application of the TODA (Trade-off Decision Analysis) method through a case study. The method uses the concept of trade-off applied to a prioritization matrix and, to define the weights, it takes the concept of causality into account. Studies have shown that the TODA achieves the same results as the competing AHP method. However, it is easier to operate. The methodology used is a case study concerning the choice of the type of car for a fleet of vehicles to be driven by salespeople. Together with the software application process, the methods that aided the weighting of the criteria are described and how the values of the alternatives are converted into coefficients of the objective function. The results clearly show that the method is easily applied, but the limitations of the case study method preclude forming generalizations.

scholarly journals Analisis Pendapatan Usaha Kemitraan Ayam Broiler di PT. Ciomas Lampung Tahun 2016 (Studi Kasus di Samsul Arifin Farm, Kabupaten Tulang Bawang, Lampung)

1970 ◽  
Vol 2 (1) ◽  
Author(s):  
Muhammad Arief Ibrahim Purnomo Sidi
Keyword(s):  
Descriptive Analysis ◽  
Income Level ◽  
Analysis Method ◽  
Case Study Method ◽  
Broiler Breeders ◽  
C Value ◽  
Selection Of

This study aims to determine the income level of broiler plasma farmers in Samsul Arifin Farm, Tulang Bawang District, Lampung. This research is done by using case study method. The data was collected in November-September 2016. The selection of research sites was done purposively, considering that Samsul Arifin farm is one of the active farms to become PT Ciomas Adisatwa’s plasma. The data collected consists of primary and secondary. The analysis method used is descriptive analysis and income analysis. The results showed that broiler breeders with an average partner system earn a profit per period during the year 2016 amounting to Rp32.661.415,38. The R / C value of broiler farming with a partner system of 1.10, which means that livestock business is profitable. Keywords: Partnerships, Income, RO ratio

scholarly journals Human Resources Challenges in Apparel Industry in Sri Lanka

2020 ◽  
pp. 45-55
Author(s):  
Dr. Indumathi Welmilla
Keyword(s):  
Sri Lanka ◽  
Human Resources ◽  
Thematic Analysis ◽  
Apparel Industry ◽  
Research Approach ◽  
Analysis Method ◽  
Case Study Method ◽  
Face To Face ◽  
Structured Questionnaire

This study aims to identify the human resources challenges existing in the apparel sector of Sri Lanka and provide recommendations to secure with managing the barriers to go ahead with future sustainability in the industry. The research approach is qualitative and followed the case study method. Face to face interviews was the method of collecting data by following a semi-structured questionnaire for the research, and the data analysis method was the thematic analysis. The finding demonstrates nine core human resources challenges in the apparel industry in Sri Lanka.

scholarly journals ANALYSIS OF INSTALLATION OF MARKET VALUE OF LAND INDUSTRY OF INDUSTRIAL PRODUCTION

2018 ◽  
pp. 88-93
Author(s):  
A.Yu. Palamar ◽  
Ya.V. Osipenko
Keyword(s):  
Real Estate ◽  
Social Life ◽  
Residential Buildings ◽  
Technical Condition ◽  
Commercial Real Estate ◽  
Theory And Practice ◽  
Practical Application ◽  
Distribution Method ◽  
The Real Estate ◽  
Real Estate Valuation

Purpose: 1) to study the concept of wear in the theory of valuation of real estate; 2) analyze the main types of wear and methods of their assessment; 3) to analyze the requirements for the procedure for determining the technical condition of residential buildings when planning and designing repairs; 4) analysis of the reconstruction and technical inventory of the commercial real estate object; 5) in the given example, determine the accumulated depreciation of the real estate by the method of partitioning. Methodology. Many different methods of estimating the value of real estate have been developed, which shows the importance of this task. However, the practical application of existing techniques is problematic. Most of them follow the international practice of evaluation without taking into account the specifics of legislation and the existing conditions of the economic, urban, political and social life of Ukraine. Findings. Thus, the development of the theoretical foundations of real estate valuation, the improvement of its methods, and the implementation of applied research seem rather relevant and practically significant for land management of settlements. Originality consists in the following: the analysis of the best and most efficient use of the land plot; the calculation of the value of the object of valuation by three independent methods of valuation has been made, namely: the method of taking losses into land improvements; income distribution method; the method of comparing the prices of sales of real estate. Practical value. To date, the situation of the domestic assessment school should be considered as being in the period of formation. A large number of modern methodological developments are based on the theory and practice of assessing foreign developments. Many different methods of estimating the value of real estate have been developed, which shows the importance of this task. However, the practical application of existing techniques is problematic. Most of them follow the international practice of evaluation without taking into account the specifics of legislation and the existing conditions of the economic, urban, political and social life of Ukraine. Keywords: estimation, real estate, tax, rent, foreign experience, land market, land payments

scholarly journals Persepsi abang none Jakarta terhadap fenomena ondel-ondel ngamen di Jakarta

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Lutfi Ardiansyah
Keyword(s):  
Literature Review ◽  
Case Study Method ◽  
Culture Theory ◽  
Online Data ◽  
Descriptive Research ◽  
The Difference

Ondel-Ondel is one of Betawi special icon an also one of the artworks of Betawi. This giant puppet also believed as a charm in Betawi society for decades. People of Betawi also considered Ondel-Ondel as a sacred culture. Ondel-Ondel is an entertainment for Betawi society that inherited from generation to generation. However, nowadays ondel-ondel is not considered as a sacred property for ritual any longer since the last couple of years. Ondel-ondel has been used for busking in every corner of Jakarta. The aim of this research was to find out the perception of Abang None as the ambassador of tourism to conserve the culture of Betawi regarding the phenomenon Ondel-Ondel that busking on the street. We collected the data by using observation, profound interview, literature review and online data research. This research used the concept of communication and culture theory and it is also a qualitative and descriptive research by using phenomenology and case study method. The result of this research is the Abang None about the difference between the properties of busking ondel-ondel and the Betawi’s entertainment ondel-ondel. Abang None is the disagreement with the busking ondel-ondel since it looked so pity and inappropriate, and Abang None is they would not give the money to the busking ondel-ondel. Keywords: Abang None; Ondel-Ondel; Betawi Culture; Perception.

scholarly journals Added value of sites suitable for sustainable office development

2021 ◽  
Vol 13 (2) ◽  
pp. 2465-2471
Author(s):  
Josef Kupec
Keyword(s):  
Real Estate ◽  
Free Market ◽  
Market Value ◽  
Commercial Real Estate ◽  
Added Value ◽  
The Real Estate ◽  
Real Estate Valuation ◽  
Valuation Methodology ◽  
The Impact ◽  
Office Development

Abstract Valuations of real estate are widely used for various purposes and it relied always upon the financial and other markets. Valuation methodology is based on the operation of the free market economy and the real estate properties. The issue of certified properties is relatively new in the field of real estate valuation and is not sufficiently explored. Certified buildings are preferred by major corporate tenants with international field of activity who often have ethical rules for sustainable development. Therefore, certified properties are attractive to international commercial real estate investors who have higher purchasing power and are willing to pay a higher purchase price. Sustainable property certification is an element affecting the market value of the property. The purpose of this presented research is to quantify the impact of property certification on the value of office properties in Prague and subsequently to determine the impact of sustainability certificates on the market value of the land by using basic valuation techniques. The outcome of the project could be used by real estate valuation experts as a guideline to consider the future project certification and its impact on the land market value.

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