Factors determining the value of real estate in macro, micro and ultra environment Cover Image

Czynniki kształtujące wartość nieruchomości mieszkaniowych w kontekście uwarunkowań makro-, mikro- oraz ultraotoczenia
Factors determining the value of real estate in macro, micro and ultra environment

Author(s): Łukasz Mach
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: real estate value; real estate sector; real estate market; macro; micro; ultra environment; real estates

Summary/Abstract: Factors, which determine the value of real estate in macro, micro and ultra environment are presented in this article. A key point used in order to classify determinants belonging to macro, micro and ultra environment was the presentation of qualities of real estates. According to the literature these features were divided into physical, economic, legal and environmental. The so called complex model of real estate estimation was also proposed in order to determine the real estate value including variables, which defined the value of properties and variables, which affected this value. Determinants specifying a particular real estate i.e. diagnostic variables from ultra environment were included to the variables which determined the value of real estate. At the same time determinants placed in micro and macro environment were assigned to variables which affected the value of the property.

  • Issue Year: 2014
  • Issue No: 46
  • Page Range: 52-61
  • Page Count: 10