Purpose – Despite its popularity in practice, sales comparison is constantly criticized as subjective and even relegated to the least recommended method by some scholars. This paper aims to examine the validity of the above statement. Design/methodology/approach – A number of statistical...

Purpose – Uniquely among the built-environment professions in the country, professional valuers in South Africa until recently did not require to have a university degree. The vast majority of professional valuers therefore, especially at senior levels, hold the national diploma as the highest...

Purpose The predictive accuracy and reliability of artificial intelligence models, such as the artificial neural network (ANN), has led to its application in property valuation studies. However, a large percentage of such previous studies have focused on the property markets in developed...

Purpose The emerging trend in the global real estate valuation practice has led to the development of advanced valuation approaches to replace the traditional methods. The purpose of this paper is to investigate the extent to which real estate valuers practicing in Nigeria are aware and use...

Accession of Bulgaria to the European Union is expected to result in increases in the prices of all types of real estate, these changes are expected to differ across the segments of the national real estate market. Real estate prices have been inXuenced primarily by local demand, government...

The implicit prices of housing characteristics concerning the physical structure, location, environment and the risk of construction quality in China are examined in this paper. The hedonic price model with uncertainty of construction quality is adopted. Data is collected from the Beijing...

This paper provides an overview of real estate educational programmes currently being offered in the Republic of South Africa as well as the role of the South African Property Education Committee in this respect. The emphasis is on programmes offered by formal tertiary educational institutions...

This paper highlights the importance and demonstrates the application of a segmentation strategy, based on the concept of the family life cycle, in real estate market analysis. Each stage in the family life cycle has its particular preferences regarding locational attributes. Neighbourhood...

In this paper, we examine dynamic relationships among three housing market variables and a stock market index in a multivariate vector autoregressive error correction (VAREC) model. It is first found that, in the USA, sales and the median sales price of the existing single‐family homes and the...