When a market oriented approach is not applicable because of the lack ofcomparable sales data (Ciuna et al. 2014a), International Valuation Standards suggestthe use of the Income Approach, which has the task of simulating the market throughan economic and fi nancial scheme. The central question of this approach is due to thequanti fi cation of the capitalization rate, whereas it is generally extracted in a marketsegment different from that of the subject. This paper intends to propose an automatedvaluation model of the capitalization rate based on a real estate database built througha computerized geocoding automatic procedure, starting from the application ofstatistical models of multiple regression analysis, performed to separately build theprediction function of the price and the prediction function of the income.

Automatic Research of the Capitalization Rate for the Residential Automated Valuation: An Experimental Study in Cosenza (Italy)

De Ruggiero M;SALVO, Francesca
;
2017

Abstract

When a market oriented approach is not applicable because of the lack ofcomparable sales data (Ciuna et al. 2014a), International Valuation Standards suggestthe use of the Income Approach, which has the task of simulating the market throughan economic and fi nancial scheme. The central question of this approach is due to thequanti fi cation of the capitalization rate, whereas it is generally extracted in a marketsegment different from that of the subject. This paper intends to propose an automatedvaluation model of the capitalization rate based on a real estate database built througha computerized geocoding automatic procedure, starting from the application ofstatistical models of multiple regression analysis, performed to separately build theprediction function of the price and the prediction function of the income.
978-3-319-49744-0
Automated valuation models Income approach GIS
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/20.500.11770/161481
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