Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/190458 
Year of Publication: 
2016
Series/Report no.: 
IEHAS Discussion Papers No. MT-DP - 2016/34
Publisher: 
Hungarian Academy of Sciences, Institute of Economics, Budapest
Abstract (Translated): 
In the wake of regulatory, information technology and methodological changes, statistical property valuation has been gaining traction in Hungary. This paper looks at the available methods of appraisal based on the literature. We provide an overview of the advantages and drawbacks of the currently known methods. On this basis, everything is in place in Hungary to introduce automated valuation models (AVMs) alongside the estimated median value based methods used so far. For real estate industry-specific reasons, the introduction of parametric hedonic estimates supplemented with spatial correlations can be expected for the time being. This would significantly improve the performance of statistical models and the quality of duties office data.
Subjects: 
mortgage
collateral valuation
automated valuation model
statistical valuation
JEL: 
C15
C45
G21
ISBN: 
978-615-5594-75-5
Document Type: 
Working Paper

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