Foreign experience of real estate mass appraisal
نویسندگان
چکیده
منابع مشابه
The mass appraisal of the real estate by computational intelligence
Mass appraisal is the systematic appraisal of groups of properties as of a given date using standardized procedures and statistical testing. Mass appraisal is commonly used to compute real estate tax. There are three traditional real estate valuationmethods: the sales comparison approach, incomeapproach, and the cost approach. Mass appraisal models are commonly based on the sales comparison app...
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Using a large sample of 46,467 residential properties spanning 1999-2005, we demonstrate using matched pairs that, relative to linear hedonic pricing models, artificial neural networks (ANN) generate significantly lower dollar pricing errors, have greater pricing precision out-of-sample, and extrapolate better from more volatile pricing environments. While a single layer ANN is functionally equ...
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This is an academic dissertation submitted in partial fulfilment of the requirements for the degree of Doctor of Technology. The dissertation consists of a short summary and discussion of seven enclosed essays. All seven papers are devoted to central issues within real estate appraisal and valuation, with emphasis on the market for income property. Essay I analyses the market prices for mixed-u...
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Mass appraisal is widely considered an advanced frontier in the real estate valuation field. Performing mass appraisal entails the need to get access to base information conveyed by a large amount of transactions, such as prices and property features. Due to the lack of transparency of many Italian real estate market segments, our survey has been addressed to gather data from residential proper...
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Relative illiquidity, low turnover, and irregularly timed (or absent) cash flows confound the application of standard asset pricing models to real estate. In general, non-exchange traded assets such as private residential real estate are characterized by a lack of fundamentals and, thus, valuation is less a function of discounted present value than one of finding recently traded assets of compa...
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ژورنال
عنوان ژورنال: Problems of Theory and Methodology of Accounting, Control and Analysis
سال: 2021
ISSN: 1994-1749
DOI: 10.26642/pbo-2021-48-3-12