Author
Kettani, O., Oral, Muhittin
Publication Date
2015-03
Publication Place
-
Elsevier
Subject
Real estate appraisal, Property-specific appraisal, Mass appraisal, Analogical regression, Comparability index, Eligibility factors
Type
Periodical
Language
English
Digital
Yes
Manuscript
No
Library
Özyeğin University
Library Asset ID
0038-0121
Record ID
08689e44-baa7-47e4-ab38-b4b5d6587a8a
Library Location
Business Administration
Date
2015-03
Notes
Due to copyright restrictions, the access to the full text of this article is only available via subscription.
Sample Text
Real estate appraisal is of great importance to several socio-economic stakeholders for different reasons and justifications: local governments and municipalities for taxation purposes; banks for mortgage and other credit applications processing; property valuation companies for marketing activities; and property developers and investors for sound investment decision-making. This paper summarizes the real estate appraisal system that has been developed for and with CUQ (Coomunaité urbaine de Québec), CUM (Communaité urbaine de Montréal), and Communaité urbaine de Gatineau (CUG) and implemented over the last twenty years in the Province of Québec. The salient features of the property appraisal system are: (1) property-specific individual appraisal using a new regression method called “analogical regression”, (2) mass-appraisal based on property-specific individual appraisals, and (3) the size of real estate coverage (over 1,050,000 properties) and the variety of real estate profiles considered (shopping centers, office buildings, residential properties, farms, industrial units, etc.).
DOI
10.1016/j.seps.2014.12.003
Cilt
49
