Year: 2025
Type: article
Abstract: Real Estate Valuation is a field which mainly include economics, law-building construction, study of human behavior, social customs, and study of government policy. Some valuers call it an ‘Art’ and some others call it a ‘science’. To find a property’s fair market value, one must look at the owner's rights and how much they hold. Determining the property's highest and best use is also a critical factor in accurately estimating its value. Several valuation methods are available, each offering a distinct perspective and set of principles. It is essential to apply the most appropriate approach based on the specific characteristics and intended use of the property. Over time, three primary methods for property valuation have emerged, tailored to suit various types of real estate: the Income Approach, the Cost Approach, and the Market Approach.
Institution: JSPM University
Language: English
Topic: Housing Market and Economics
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4410850525