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.

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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