Start Date
4-12-2024 1:15 PM
End Date
4-12-2024 2:45 PM
Description
The presentation constitutes a study crowning several years of scientific work, beginning in 2018 with a study on procedural challenges in property forced sale value determination. This initial research identified a significant gap in property valuation theory, particularly in the methodology for determining comparable real estate markets and accurate sales selection. It highlighted the need for further investigation into the relationship between uncommon market phenomena and transaction prices. Subsequent studies explored various aspects of real estate market analysis, using advanced methodologies to reduce subjectivity and uncertainty. In 2019, an original approach was introduced, integrating geoscientific methods and fuzzy logic to create a more objective property valuation model by incorporating spatial decision factors. A 2020 study emphasized the importance of sustainability and highest and best use (HBU) analysis in determining property value under changing market conditions. This research stressed the need to align valuation practices with sustainable development goals, considering both economic and environmental factors. Studies in 2022 and 2024 focused on modern challenges, including the human aspect of valuation, evolving market expectations, and real estate market asymmetry. These studies underscored the dynamic nature of real estate markets and the need for adaptive valuation methods that incorporate socio-behavioral factors. The current research synthesizes these diverse approaches into a comprehensive framework for property valuation, addressing the complexities of modern real estate markets.
Publication Date
December 2024
Recommended Citation
Walacik, Marek PhD, MRICS, CCIM, REV and Chmielewska, Aneta PhD, "Methodology for Homogenous Area Determination HAD2 - Mission Accomplished" (2024). International Research Symposium. 4.
https://researchexchange.iaao.org/irs/irs24/sessions/4
Methodology for Homogenous Area Determination HAD2 - Mission Accomplished
The presentation constitutes a study crowning several years of scientific work, beginning in 2018 with a study on procedural challenges in property forced sale value determination. This initial research identified a significant gap in property valuation theory, particularly in the methodology for determining comparable real estate markets and accurate sales selection. It highlighted the need for further investigation into the relationship between uncommon market phenomena and transaction prices. Subsequent studies explored various aspects of real estate market analysis, using advanced methodologies to reduce subjectivity and uncertainty. In 2019, an original approach was introduced, integrating geoscientific methods and fuzzy logic to create a more objective property valuation model by incorporating spatial decision factors. A 2020 study emphasized the importance of sustainability and highest and best use (HBU) analysis in determining property value under changing market conditions. This research stressed the need to align valuation practices with sustainable development goals, considering both economic and environmental factors. Studies in 2022 and 2024 focused on modern challenges, including the human aspect of valuation, evolving market expectations, and real estate market asymmetry. These studies underscored the dynamic nature of real estate markets and the need for adaptive valuation methods that incorporate socio-behavioral factors. The current research synthesizes these diverse approaches into a comprehensive framework for property valuation, addressing the complexities of modern real estate markets.
