The work is based on the application of particular version of an Italian approach to Sales Comparison Approach (Simonotti 1997) to define an “hedonic” relationship between property price and characteristics. This version is also known as Short Tab Market Comparison Approach (d’Amato 2015a, b, c). The method was originally proposed to provide a forecast for the price of residential properties to be built on underdeveloped land. In this case will be used to provide an estimation of an appraisal function and relative hedonic prices based on few data. The proposed methodology may be useful to try to create an appraisal “function” in emerging real estate market where few comparables are available. The model will be applied to a small group of comparables in the city of Podgorica in Montenegro.
An Application of Short Tab MCA to Podgorica in Maurizio d'Amato and Tom Kauko (edited by) (2017) Advances in Automated Valuation Modeling. AVM After the non-agency mortgage crisis / D'Amato, Maurizio; Vladimir, Cvorovich; Paola, Amoruso. - 86:(2017), pp. 139-151. [10.1007/978-3-319-49746-4_7]
An Application of Short Tab MCA to Podgorica in Maurizio d'Amato and Tom Kauko (edited by) (2017) Advances in Automated Valuation Modeling. AVM After the non-agency mortgage crisis
D'AMATO, Maurizio;
2017-01-01
Abstract
The work is based on the application of particular version of an Italian approach to Sales Comparison Approach (Simonotti 1997) to define an “hedonic” relationship between property price and characteristics. This version is also known as Short Tab Market Comparison Approach (d’Amato 2015a, b, c). The method was originally proposed to provide a forecast for the price of residential properties to be built on underdeveloped land. In this case will be used to provide an estimation of an appraisal function and relative hedonic prices based on few data. The proposed methodology may be useful to try to create an appraisal “function” in emerging real estate market where few comparables are available. The model will be applied to a small group of comparables in the city of Podgorica in Montenegro.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
