|
.....
RE Library Home
Search Library
Add This Library
To Your Web Site
Real Estate Forum
Advertise With Us
Submit Your Articles
To This Library
Library Site Map
|
 |
|
 |
 | Economics of Value and Cost |  |
 Posted: Mon Dec 12, 2005 12:58 pm |
 |
|
|
Dear Expert,
I am currently doing some research for college at the moment regarding the real property market and would be very grateful if you could provide some information / advice on the following question?
How does the characteristics of the real property maket hinder valuation?
Characteristics being physical: immobiltiy, Indestructibility and Uniqueness and economic: scarcity, improvement, permanance of investment and area preference.
Lorraine |
|
|
|
|
| Property valuation characteristics. | |
| Posted: Mon Dec 12, 2005 8:44 pm |
|
|
| nemmar |
| Site Admin |
 |
|
| Joined: 19 Jun 2005 |
| Posts: 80 |
|
|
|
|
|
 |
|
Lorraine,
1) How does the characteristics of the real property maket hinder valuation? I need more specifics on what characteristics you're referring to before I can accurately answer that. For example, do you mean location aspects, such as vicinity of a house to an airport, schools, shopping, etc.?
2) Characteristics being physical: immobiltiy, Indestructibility and Uniqueness and economic: scarcity, improvement, permanance of investment and area preference? Are you referring to the PEGS aspects:
Supply and Demand - Physical, Economic, Government, and Social are the four forces that influence demand. The abbreviation makes it easier to remember as PEGS.
P = Physical
E = Economic
G = Government
S = Social |
|
_________________
Thanks for joining our forum,
Guy Cozzi
Real Estate From A to Z
Nemmar Real Estate Training |
|
|
|
|
|
|
|
|
|
.....
|
