REAL ESTATE FAIR VALUE: MODERN APPROACH OF CALCULATION METHODS
Abstract
Purpose – to develop methodical approach to determine the fair value of real estate on the example of housing in Almaty.
Methodology – comparative and econometric research methods Originality/value - the results of the statistical analysis show the applicability of statistical analysis as a tool for estimating the fair value of investment property for financial reporting. In addition, the findings can be a basis for a mass valuation of residential real estate in Almaty by appraisal and real estate companies to forecast housing prices or determine the market value of real estate.
Findings – statistical analysis methods can be used to determine the fair value of investment property. The main factors affecting the cost of residential real estate in Almaty are location, total area, type of layout and condition of the finish. The analysis shows buyers give more preference to the secondary market than to new buildings.
About the Authors
G. Shulenbayeva
Narxoz University JCS
Kazakhstan
Kazakhstan
Gaisha Shulenbayeva, PhD student
Almaty
M. Issabayev
Narxoz University JCS
Kazakhstan
Kazakhstan
Issabayev Murat, PhD, Research-Professor
Almaty
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Review
For citations:
Shulenbayeva G., Issabayev M. REAL ESTATE FAIR VALUE: MODERN APPROACH OF CALCULATION METHODS. Central Asian Economic Review. 2019;(4):25-39. (In Russ.)
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