Authors: Wieslaw Meszek
Addresses: Faculty of Civil and Environmental Engineering, Poznan University of Technology, Piotrowo 5, 60-965 Poznan, Poland
Abstract: The construction of technical infrastructure facilities of properties is included in public investment projects. Such investments change the external housing environment in a variety of aspects. One of them is the property value increase. As a result property owners are obliged to take a partial participation in the investments. The environment of executing the property valuation is usually filled with uncertainties. The degree of the uncertainties will vary according to the level of market activity. This paper looks at the way in which uncertainty can be incorporated into the valuation model of sales comparison approach.
Keywords: property valuation; external housing environment; simulation; game theory; technical infrastructure facilities; property value increases; infrastructure investment; public investment; uncertainty.
International Journal of Environment and Pollution, 2008 Vol.35 No.2/3/4, pp.345 - 365
Published online: 20 Nov 2008 *Full-text access for editors Access for subscribers Purchase this article Comment on this article