Towards Specialization or Extension? Searching for Valuation Services Models Using Cluster Analysis

Abstract

The paper delivers original data on specialization in property valuation services in Poland. Its aim is to identify relatively homogeneous groups of property appraisers taking into consideration the scope of services performed by them and the types of clients served. Based on the survey results, it was possible to indicate major models in property valuation services consistent with market applications, which allows us to verify the thesis on specialization in doing business in property valuation.

Keywords

• property valuation
• appraisers
• specialization
• cluster analysis
• professional services
• c10
• l85
• r30
• r39