PPT-Real estate appraisal development during the II independenc

Kaarel Sahk lecturer Estonian University of Life Sciences   European Real Estate Society 19th Annual Conference 13th16th June 2012 Abstract Real estate appraisal as a separate procedure had started after the declaration of the second independency Preliminary all power was dedicated to the ownership reform and this approach makes appraisal procedure as a part of the reform As a fact the procedure was not started from the valuation of properties so as three whales of reform restitution housing privatization and state property dispose as a goal of appraisal collected all the activities Beside the reform a rising financial market started requires the valuation based on the other foundation than three whales In this case the contemporary movement started while the IVS were published in Estonian in 1997 The second impulse arises from the initiated by Estonian Society of Real Estate Appraisers a procedure of professional certification Simultaneously the changes in area based curricula and started membership in EU have played a significant role also As a no isolated system Estonian environment of real estate valuation bear the influences of international crisis Last but not least impulse arise form the association with the Euro market that is representing the last approaches of the real estate appraisal as a procedure market dynamic This short description gives a possibility to compare the local procedure with international one. 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Kaarel Sahk, lecturer Estonian University of Life Sciences.  . European Real Estate Society 19th Annual Conference . 13th-16th June 2012. Abstract. While we think about real estate, it is quite common to limit with land or buildings. Other way, while we are speaking about real property early, then beside the land and buildings we commonly imagine not only finance or the bundle of rights but also the essential parts like forest, structures, and landscape are eligible. The lastly named diversification points us attention that we can draw down a nomenclature of different things that should be valued or their value, metric or non metric as a component will influence the estimated value. The last approach explains that some components, things, are non metric and they are described under some different circumstances like emotional, natural, social, etc. types of values that are not the common characteristics enclosed into the real estate value. The named situation, linked with the other contemporary situation of valuation which must account sustainability as a generic name, or energy efficiency, green etc, as its extensions, supply us with the huge multiplicity of resolutions that includes the both, similarities and differences.. Kaarel Sahk, lecturer Estonian University of Life Sciences.  . European Real Estate Society 19th Annual Conference . 13th-16th June 2012. Abstract. While we think about real estate, it is quite common to limit with land or buildings. Other way, while we are speaking about real property early, then beside the land and buildings we commonly imagine not only finance or the bundle of rights but also the essential parts like forest, structures, and landscape are eligible. The lastly named diversification points us attention that we can draw down a nomenclature of different things that should be valued or their value, metric or non metric as a component will influence the estimated value. 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