THE CONSEQUENCES OF THE OMISSION OF THE PROPERTY RIGHTS STUDY IN THE REAL ESTATE ASSESSMENT PROCESS

• Main Author: Svetlana Albu
• Format: Article
• Language: English
• Published: Technical University of Moldova 2018-12-01
• Series: Journal of Engineering Science (Chişinău)
• Subjects: real estate; property interests; valuation of rights; special value; market value for an alternative use
• Online Access: https://jes.utm.md/wp-content/uploads/sites/20/2019/03/JES-2018-4_57-66.pdf

The article focuses on property valuation. It examines the value, its qualitative and quantitative aspects through the static and dynamic prism; the essence of value and the factors of impact, behavioral aspects over time. The development of the evaluation in recent years has highlighted two directions: the financial and economic assessment centered on evaluation theory and the evaluation of financial investments, focused on evaluation theory. Property valuation takes place through the interference ofeconomic, technical and legal sciences.In recent years, international valuation practice has changed its vision of the subject of evaluation; the focus has been shifted from "real estate" to "property rights". The value of the property depends directly on the real estate property rights, along with the existing tasks. In the process of estimating value, neglecting the survey or superficial examination of real estate has serious consequences for both the owner of the good and the user of the valuation report as well as directly for value. In the article, this situation is exemplified using the case study method.