Folia Oeconomica Stetinensia (Dec 2019)
Statistical Relations of the Qualitative Attributes of Real Properties Subject to Mass Appraisal
Abstract
Research background: Every real estate may be described with a multitude of attributes. In the process of real estate appraisal only those properties are taken into account that significantly affect its value. Mass appraisal involves a simultaneous valuation of many similar real properties, carried out in the same manner and at the same time. The algorithm applied to mass appraisal ought to ensure a uniform approach to the valuation of all real estate of the same type in an objective fashion.
Keywords