METHODICAL PROVISION OF REAL ESTATE VALUE ASSESSMENT

Keywords: real estate valuation, valuation methods, real estate value, market value, value analysis, real estate, property valuation, valuation standards

Abstract

This study is devoted to the in-depth analysis and generalization of various theoretical and methodological approaches to real estate valuation, especially in wartime conditions. Because of the instability and risks that accompany military operations, many traditional assessment methods become unusable or need to be adapted. The purpose of the work is to identify key aspects of real estate valuation in crisis situations, such as real estate damage, direct war losses, and significant economic changes accompanied by inflation and market fluctuations. The study includes an analysis of the concept of "real estate", theoretical foundations and methodological approaches to its evaluation, as well as substantiation of the main interrelated principles that ensure the effectiveness of the evaluation process. During the research, shortcomings and gaps in the existing real estate database were identified, which greatly complicates the evaluation process and negatively affects the accuracy of the results obtained. In addition, the effectiveness of the current assessment procedures applied in the state was evaluated, and methodological bases were proposed for the introduction of mass assessment of real estate, in particular for objects subject to restoration and reconstruction after the end of hostilities. At the same time, with the development of the real estate market in Ukraine, the need for effective management is growing, which involves comprehensive information provision of this economic sphere. High-quality information provision creates an opportunity to improve the methodological foundations and regulatory framework for professional activity in the real estate market. This, in turn, contributes to the systematic statistical analysis of the market at all levels - from local to national, which is an important prerequisite for making informed management decisions. In addition, high-quality information provision reduces the level of subjectivity of specialists in decision-making, contributing to a more objective and accurate approach to the assessment and management of real estate.

References

Огородник В. О. Оцінка вартості нерухомого майна в умовах війни. Науковий вісник Ужгородського Університету. 2024. № 1(63). С. 215–220. DOI: https://doi.org/10.24144/2409-6857.2024.1(63).215-220

Аналіз ринку нерухомості. Опендатабот. URL: https://opendatabot.ua/analytics/realty-2023

Блащук-Дев’яткіна Н., Казакова О. Державні програми фінансування житла в Україні. Молодий вчений. 2023. № 5 (117). С. 123–126. DOI: https://doi.org/10.32839/2304-5809/2023-5-117-24

Юрченко М., Поліщук М. Державна політика України в забезпечені громадян житлом (на прикладі реалізації програми «єОселя»). Роль та місце правоохоронних органів у розбудові демократичної правової держави: матеріали XΙV міжнар. наук.-практ. інтернет- конф., м. Одеса, 31 жовтня 2022 р. Одеса: ОДУВС. 2022. С. 147–149. URL: https://dspace.oduvs.edu.ua/handle/123456789/5714

Kampamba. J., Kachepa. S., Lesobea K. An assessment of real estate cycles and their impact on property values in Gaborone, Botswana. International Journal of Housing Markets and Analysis. 2023. Vol. 16. No. 5. Pp. 910–935. DOI: https://doi.org/10.1108/IJHMA-03-2022-0037

Parvez. M., Rana S. Investigating the causes of increasing consumer demand for real estate housing in Bangladesh. International Journal of Housing Markets and Analysis. 2021. Vol. 14. No. 5. Pp. 894–912. DOI: https://doi.org/10.1108/IJHMA-09-2020-0111

Закон Україии «Про оцінку майна, майнових прав та професійну оціночну діяльність в Україні». URL: https://zakon.rada.gov.ua/laws/show/2658-14#Text

Глушенкова І. С., Сухомлін Л. В., Анопрієнко Т. В. Методологія оцінки нерухомості. Оцінка земель несільськогосподарського призначення: [навч. посібник]. Харківський національний університет міського господарства імені О. М. Бекетова. 2018. URL: https://eprints.kname.edu.ua/50381/

Tajani F., Morano P., Ntalianis K. Automated valuation models for real estate portfolios: A method for the value updates of the property assets. Journal of Property Investment & Finance. 2018. Vol. 36. No. 4. pp. 324–347. DOI: https://doi.org/10.1108/JPIF-10-2017-0067

Постанова КМУ від 20 березня 2022 р. № 326 «Про затвердження Порядку визначення шкоди та збитків, завданих Україні внаслідок збройної агресії Російської Федерації». URL: https://zakon.rada.gov.ua/laws/show/326-2022-%D0%BF#Text

Керівництво із застосування європейських стандартів оцінки в обставинах військового часу. Фонд державного майна України. URL: https://www.spfu.gov.ua/userfiles/files/k_TEGOVA.pdf

Oktabec K., Wills N. Sustainability scoring tool for real estate according to German and European valuation principles in the purchasing process. Journal of Property Investment & Finance. 2024. Vol. 42. No. 5. pp. 453–474. DOI: https://doi.org/10.1108/JPIF-10-2023-0098

Ohorodnyk V. O. (2024). Otsinka vartosti nerukhomoho mayna v umovakh viyny [Assessment of the value of real estate in the conditions of war]. Naukovyy visnyk Uzhhorodskoho Universytetu – Scientific Bulletin of Uzhgorod University, Vol. 1(63), рр. 215–220. DOI: https://doi.org/10.24144/2409-6857.2024.1(63).215-220 [in Ukrainian]

Analiz rynku nerukhomosti. Opendatabot [Real estate market analysis. Opendatabot]. Available at: https://opendatabot.ua/analytics/realty-2023 [in Ukrainian]

Blashchuk-Devyatkina, N., Kazakova, O. (2023). Derzhavni prohramy finansuvannya zhytla v Ukrayini [State housing financing programs in Ukraine]. Molodyy vchenyy – Young scientist, Vol. 5 (117), pp. 123–126. DOI: https://doi.org/10.32839/2304-5809/2023-5-117-24 [in Ukrainian]

Yurchenko, M., Polishchuk, M. (2022). Derzhavna polityka ukrayiny v zabezpecheni hromadyan zhytlom (na prykladi realizatsiyi prohramy «yeOselya») [Public policy of ukraine in providing citizens with housing (on the example of the implementation of the "eOselya" program)]. Rolʹ ta mistse pravookhoronnykh orhaniv u rozbudovi d emokratychnoyi pravovoyi derzhavy: materialy XIV mizhnar. nauk.-prakt. internet- konf., m. Odesa – The role and place of law enforcement agencies in the development of a democratic legal state: materials of the 15th international science and practice internet conference, Odesa, 31 zhovtnya 2022 r. Odesa: ODUVS, рр. 147–149. Available at: https://dspace.oduvs.edu.ua/handle/123456789/5714 [in Ukrainian]

Kampamba, J., Kachepa, S., Lesobea, K. (2023). An assessment of real estate cycles and their impact on property values in Gaborone, Botswana. International Journal of Housing Markets and Analysis, Vol. 16 No. 5, pp. 910–935. DOI: https://doi.org/10.1108/IJHMA-03-2022-0037 [in English]

Parvez, M., Rana, S. (2021). Investigating the causes of increasing consumer demand for real estate housing in Bangladesh. International Journal of Housing Markets and Analysis, Vol. 14, No. 5, pp. 894–912. DOI: https://doi.org/10.1108/IJHMA-09-2020-0111 [in English]

Zakon Ukrayiyy «Pro otsinku mayna, maynovykh prav ta profesiynu otsinochnu diyalnist v Ukrayini» [Law of Ukraine "On valuation of property, property rights and professional valuation activities in Ukraine"]. Available at: https://zakon.rada.gov.ua/laws/show/2658-14#Text [in Ukrainian]

Hlushenkova, I. S., Sukhomlin, L. V., Anopriyenko, T. V. (2018). Metodolohiya otsinky nerukhomosti. Otsinka zemel nesilskohospodarskoho pryznachennya [Real estate valuation methodology. Appraisal of non-agricultural land] [navch. posibnyk]. Kharkivsʹkyy natsionalʹnyy universytet misʹkoho hospodarstva imeni O. M. Beketova – O. M. Beketov Kharkiv National University of Urban Economy. Available at: https://eprints.kname.edu.ua/50381/ [in Ukrainian]

Tajani, F., Morano, P., Ntalianis, K. (2018). Automated valuation models for real estate portfolios: A method for the value updates of the property assets. Journal of Property Investment & Finance, Vol. 36 No. 4, pp. 324–347. DOI: https://doi.org/10.1108/JPIF-10-2017-0067

Postanova KMU vid 20 bereznya 2022 r. № 326 «Pro zatverdzhennya Poryadku vyznachennya shkody ta zbytkiv, zavdanykh Ukrayini vnaslidok zbroynoyi ahresiyi Rosiyskoyi Federatsiyi» [Resolution of the CMU dated March 20, 2022 No. 326 "On approval of the Procedure for determining damage and losses caused to Ukraine as a result of the armed aggression of the Russian Federation"]. Available at: https://zakon.rada.gov.ua/laws/show/326-2022-%D0%BF#Text [in Ukrainian]

Kerivnytstvo iz zastosuvannya yevropeyskykh standartiv otsinky v obstavynakh viysʹkovoho chasu. Fond derzhavnoho mayna Ukrayiny [Guidelines for the application of European assessment standards in wartime circumstances. The State Property Fund of Ukraine]. Available at: https://www.spfu.gov.ua/userfiles/files/k_TEGOVA.pdf [in Ukrainian]

Oktabec, K., Wills, N. (2024). Sustainability scoring tool for real estate according to German and European valuation principles in the purchasing. Journal of Property Investment & Finance, Vol. 42, No. 5, pp. 453–474. DOI: https://doi.org/10.1108/JPIF-10-2023-0098

Article views: 20
PDF Downloads: 6
Published
2024-10-29
How to Cite
Mukhin, O., & Yurchenko, O. (2024). METHODICAL PROVISION OF REAL ESTATE VALUE ASSESSMENT. Taurida Scientific Herald. Series: Economics, (21), 38-45. https://doi.org/10.32782/2708-0366/2024.21.4