During the past few years there have been many changes in financial reporting rules in EU countries. One significant change from the real estate point of view has taken place in balance sheet, where property investment account is switched to the asset side of the balance sheet, separate from the...

"Real estate appraisers and market analysts in Estonia use various indicators to characterise the quality of real estate, and even those were mainly for offices and commercial real estate. So far, Estonia had no uniform real estate rating system that would have covered all types of real estate....

Real property represents about one quarter of corporate worth. For many companies property is either their most significant cost or most significant asset, but still many companies underestimate the property value issues. Why? How are decisions concerning real property (value) made in...

History of appraisal practice in Estonia is shorter than a decade. However, a remarkable effort has been made in promoting property appraisal by the Estonian Association of Appraisers. During eight years internationally accepted valuation principles have been adopted, an independent but...

Purpose – The purpose of this paper is to identify the development trends of corporate real estate management (CREM) in Estonia and to compare them with more developed western countries in order to define the actual problems. Design/methodology/approach – An explorative survey with direct...

Government often faces decisions, which concern choosing between projects carrying different risk level and timing of cash flows. For calculating government real estate investment discount rate, we can apply social opportunity cost approach and derived from that the capital asset pricing model...