Polytechnic and design, Vol. 10 No. 1, 2022.
Review article
https://doi.org/10.19279/TVZ.PD.2022-10-1-08
PRACTICAL PROBLEMS IN ESTIMATING THE VALUE OF REAL ESTATE
Jure Galić
; Zagreb University of Applied Sciences, Zagreb, Croatia
Lana Lebo
; Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia
Ivan Dolibašić
; Zagreb University of Applied Sciences, Zagreb, Croatia
Željko Lebo
; Zagreb University of Applied Sciences, Zagreb, Croatia
Abstract
In general, market value of the any kind of property (business building, hotel, a family living house, ... etc.) is directly linked to the future net operating income and higher the income higher the property value is. The paper analyzes the impact of the current applicable regulations in the Republic of Croatia, that is the Real Estate Valuation Act (Official Gazette No. 78/15) and the related Ordinance on the Methods of Valuation (Official Gazette no. 105/15), were analyzed. Example of estimating the market value of the production line consisting of 16 buildings and belonging land by cost approach and income approach as well as review of the possible value scenarios.
Keywords
market value; real estate; act; production complex; ordinance
Hrčak ID:
275257
URI
Publication date:
7.3.2022.
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