Full Article: PDF
Scientific Object Identifier: http://s-o-i.org/1.1/TAS-02-106-61
DOI: https://dx.doi.org/10.15863/TAS.2022.02.106.61
Language: English
Citation: Mirdjalilova, D. Sh., & Burhanova, E. A. (2022). Improving the practice of real estate valuation taking into account their profitability. ISJ Theoretical & Applied Science, 02 (106), 581-584. Soi: http://s-o-i.org/1.1/TAS-02-106-61 Doi: https://dx.doi.org/10.15863/TAS.2022.02.106.61 |
Pages: 581-584
Published: 28.02.2022
Abstract: During the years of independence, huge changes have taken place in our country. An important step has been taken from a tightly centralized economy of raw materials orientation to a multi-layered economy oriented to the market. This made it possible to stabilize the macroeconomic situation, increase industrial production, reduce inflation, achieve economic independence for vital types of products and create favorable conditions for the development of free enterprise. The process of development of market relations in the republic has led to the emergence of the need for specialists who possess the skills to ensure the full functioning of market structures. This led to the emergence of a number of new professions, one of which was the profession of an appraiser - an expert in assessing the value of various property objects. This article discusses the theoretical aspects of the application of the income approach in the evaluation of commercial real estate.
Key words: market value, commercial real estate, investment object, real estate, economy, approaches to cost determination, profitable approach.
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