Mass Appraisal Modelling in Minsk: Testing different Models Location sensitive

Mass Appraisal is the valuation of large quantity of properties. This automatic valuation procedure gave the opportunity to reach a single point estimate (The Appraisal of Real Estate, 13th Edition). The work test different location sensitive methodologies on a sample of 600 residential properties in the city of Minsk in Belarus. This is the first application of mass appraisal modelling in Belarus. Empirical application compares a location blind model with two Location Value Response Surface models (O Connor, 1982), the former based on the detection of value influence centers the latter based on error surface modelling.

Abstract licence: CC BY

A person counts once a day per paper. We keep no cookie and no address: a reader is a hash that changes every day. Any month under five reads shows no number.