Bid prices and market prices relation estimations by real estates for appraisal comparative method purposes

conference paper

English

True market prices of real estates, unlike bid prices, are often hard to reach. Nevertheless these information are necessary for many direct and indirect real estate market subjects, especially for valuation purposes. Therefore the bid prices of concrete real estates are often used, but they are not generally equivalent market prices. And so it is necessary to find some way to convert bid prices to market prices. This paper shows definite approach to this issue. Market price and bid price rate is estimated by multi-dimensional linear regression model and non-linear estimations of simple regression. Multi-dimensional linear regression model estimates the values of this rate from other variables, like supply duration, price line according to localities and other. Non-linear estimations of regression function were used for trend modelling of the bid prices to market prices in dependence on number of the population in various localities.

comparative method, bid price, market price, non-linear regression function, multi-dimensional linear regression model, price alternation coefficient

CUPAL, M.

2010

19. 5. 2010

Uczelniany samorzad doktorantów politekniki poznaňskiej

Poznaň

978-83-926896-2-1

III. International Interdisciplinary Technical Conference of Young Scientists - Proceedings

297

300

4