This article is cited in 7 papers

MODELS OF ECONOMIC AND SOCIAL SYSTEMS

Spatial models in mass appraisal of real estate

A. V. Belyaeva

Institute of Control Sciences V. A. Trapeznikov Academy of Sciences, Russia, 117997, Moscow, 65 Profsoyuznaya st.

Abstract: The author has analyzed main approaches to the mass appraisal of real property (Russian and foreign), pros and cons are pointed out. An approach based on spatial regression models which shows results better than conventional regression models and applicable to Russian real estate market is presented in the article.

Keywords: mass appraisal, spatial models.

UDC: 519.233.5

Received: 25.05.2012

DOI: 10.20537/2076-7633-2012-4-3-639-650