Real estate appraisal: a review of valuation methods

@article{Pagourtzi2003RealEA,
  title={Real estate appraisal: a review of valuation methods},
  author={Elli Pagourtzi and Vassilis Assimakopoulos and Thomas Hatzichristos and Nick French},
  journal={Journal of Property Investment \& Finance},
  year={2003},
  volume={21},
  pages={383-401}
}
The valuation of real estate is a central tenet for all businesses. Land and property are factors of production and, as with any other asset, the value of the land flows from the use to which it is put, and that in turn is dependent upon the demand (and supply) for the product that is produced. Valuation, in its simplest form, is the determination of the amount for which the property will transact on a particular date. However, there is a wide range of purposes for which valuations are required… 
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