THE RELATION BETWEEN COST, MARKET VALUE AND TRANSACTION PRICE, IN THE CURRENT CONTEXT OF THE RESIDENTIAL REAL ESTATE MARKET

The material approaches the complex relation between cost, value and price in case of real estate properties, analyzed in the context of evaluation mission exercised by a specialist in the field. Therewith, this material illustrates the influence of particularities of the real estate market on the establishment of the market value of residential properties and also the specific elements which the evaluation shall consider within the professional approach in order to formulate an opinion. This shall consider, in addition to the previsions of evaluation standards, the selfregulating mechanism of the market by means of the report between demand and offer, and the inter-relation, in this context, between the three concepts mentioned.