2014 | 5(71) | 219-235
Article title

The Use of Combined Multicriteria Method for the Valuation of Real Estate

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A considered problem is a valuation of real estate. It is important to specify their exact market value, which is the result of several factors. Valuation of property is made on the basis of information and transac- tions on the local market. Moreover, the valuation always is based on the data of the similar properties. A comprehensive set of data is needed for these reasons. It is quite confusing because the number of trans- actions on the local market often is not sufficient. The purpose of this paper is to present a method for mul- ticriteria valuation of real estate. This procedure is based on the Analytic Hierarchy Process (AHP) and the Goal Programming (GP). It was designed especially for valuation in situation in which information are lim- ited. The proposed method was used for the valuation of the real estate located on Warsaw.
Physical description
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