Open AccessPRICE ZONING OF LOCALITIES AS A COST FACTOR IN REAL ESTATE VALUATION
Author(s) -
Victoria V. Skorinova,
Elena I. Lobanova
Publication year - 2020
Publication title -
interèkspo geo-sibirʹ
Language(s) - English
Resource type - Journals
ISSN - 2618-981X
DOI - 10.33764/2618-981x-2020-6-2-82-87
Subject(s) - zoning , valuation (finance) , real estate , income approach , cost approach , market value , capitalization rate , business , actuarial science , economics , real estate development , finance , real estate investment trust , engineering , civil engineering
The article is a continuation of the study of price zoning. Earlier in the article "Research of approaches to price zoning of localities" theoretical apparatus of the study was studied, the procedure for conducting price zoning was determined, and the main approaches to price zoning of localities were analyzed. The purpose of this study is to analyze the price zoning of localities as a cost factor in real estate valuation. The article summarizes the results of analysis of the Russian real estate market. The views of many researchers on the terms "price zoning" and "valuation zoning"are analyzed. In the field of price zoning, a statistical analysis of expert opinions of professional participants in the real estate market has carried out, in addition to expert assessments, the regulatory framework for valuation activities were analyzed. The relevance of the study of price zoning of the territory of localities in the work of the appraiser with a comparative approach to assessing the value of real estate is shown.