Melita Ulbl (Author), Miroslav Verbič (Author), Anka Lisec (Author), Marko Pahor (Author)

Abstract

The present paper discusses the heterogeneity of the apartment market. For this purpose, we have developed the model for the mass valuation of apartments in the Republic of Slovenia. The construction of the mass valuation model is based on the generalised additive model approach. In this paper, the development of the model is presented. In the experimental part, the analysis of the results of the two models is performed. The dependent variable (the price of an apartment) is distributed according to the Gaussian and the gamma distributions. Particular attention has been paid to the impact of the transaction time on the apartments' transaction value. The results of the model are also compared with the results of the mass valuation model in the Republic of Slovenia, which is carried out cyclically and iteratively, the results of which depend on the results (and mass valuation models) of previous cycles.

Keywords

real property market;apartments;market value;mass valuation;models;Slovenia;

Data

Language: English
Year of publishing:
Typology: 1.01 - Original Scientific Article
Organization: UL EF - Faculty of Economics
UDC: 332.6:004.6(497.4)
COBISS: 59105027 Link will open in a new window
ISSN: 0351-0271
Parent publication: Geodetski vestnik
Views: 436
Downloads: 133
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Other data

Secondary language: Slovenian
Secondary title: Proposal of real estate mass valuation in Slovenia based on generalised additive modelling approach
Secondary abstract: V prispevku obravnavamo množično določitev vrednosti stanovanj, za kar smo na podlagi podatkov trga nepremičnin razvili model množičnega vrednotenja stanovanj v Republiki Sloveniji. Pri tem smo uporabili generalizirane aditivne modele. V prispevku podrobneje predstavljamo izgradnjo tega modela, v eksperimentalnem delu raziskave pa je izvedena analiza rezultatov ocenjevanja tržnih vrednosti stanovanj dveh modelov, pri katerih je odvisna spremenljivka (cena stanovanja) porazdeljena po Gaussovi ter gama porazdelitvi. Posebej smo obravnavali vpliv trenutka prodaje stanovanja na transakcijsko ceno. Rezultate modela smo primerjali tudi z rezultati modela množičnega vrednotenja v Republiki Sloveniji, ki se izvaja ciklično, iterativno in katerega rezultati so odvisni od rezultatov (in modelov množičnega vrednotenja) predhodnih ciklov vrednotenja.
Secondary keywords: trg nepremičnin;stanovanja;tržna vrednost;množično vrednotenje;modeli;Slovenija;
Type (COBISS): Article
Pages: str. 46-81
Volume: ǂLetn. ǂ65
Issue: ǂšt. ǂ1
Chronology: 2021
DOI: 10.15292/geodetski-vestnik.2021.01.46-81
ID: 12835088