22. PRICE MAPS AS A RISK LIMITING AND DECISION SUPPORTING FACTOR ON THE REAL ESTATE MARKET
Real estate market is one of the most important elements of the investment market. As in the case of other markets, real estate investments are associated with various types of risk. One of the most important risk factor is access to information. As a part of the information important in taking decisions on the real estate market, in addition to information relating to the legal and actual status of a real estate and its surroundings, information about prices is one of most important factors. In particular access to information relating to property prices, including spatial and typological issue (dwellings, houses, land) is important in this case. In this paper, on the example of the price map of the City of Warsaw we present proposals for using price maps to assess and reduce risk in making decisions on the real estate market. As a part of the discussion, the paper presents both the advantages and disadvantages of using the described source of information. In the summary, we indicate the development directions and risks associated with the development of price maps.
Listing Details
- AuthorRadosław Gaca et al.
- AffiliationPrivate Real Estate Valuation Company
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