Property valuation as an attempt for market objectivisation In a market economy environment most property valuations seek the market value. Reasons for valuation such as a transfer of rights, determination of the base amount for calculating charges and taxes, seeking the value of a collateral that secures lenderÌs rights require market objectivisation. Market value, defined as the most frequent and thus the most probable price, is an attempt of such objectivisation.
Kuchareska, Ewa. "Problems with market value assessment on low-turnover markets - the case of Poland." In 10th European Real Estate Society Conference. ERES: Conference. Helsinki, Finland, 2003.
Section: Session 11, Valuation in Different Institutional Settings