1 / 7

Automated Valuation Models in Belgium

Automated Valuation Models in Belgium. General valuation procedure with respect to the cadastral incomes : base 1975 Segmentation of the market of renting and diversified rents Localisation – age – living space – comfort Construction code 14 terms General characteristics Facilities

juanita
Download Presentation

Automated Valuation Models in Belgium

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Automated Valuation Models in Belgium

  2. General valuation procedure with respect to the cadastral incomes : base 1975 • Segmentation of the market of renting and diversified rents • Localisation – age – living space – comfort • Construction code 14 terms • General characteristics • Facilities • Consistency 2

  3. The Construction code can be schematically represented as follows: 3

  4. Building’s value : presence or absence of particular characteristics in comparison with the sample. • The monetary value of a building cannot diminish when the living space increases. • The deviation between the monetary value of the building, which has been calculated, and the corresponding actual prices are, as a rule, distributed around a zero average. • Statistic tools • Pearson’s test • a test comparing the average of the sample and the average of the population • Necessity to have a more elaborate code : intrinsic characteristics 4

  5. Building code 62 terms : • nature : house, warehouse,… • constituent elements : year, floors,… • structure : façades, woodwork,… • completion : floor, walls, ceilings,… • equipment : bathroom installations, central heating,… • facilities : pool, tennis,… • environment : objective judgement • particularities : listing • signature : date, name of the expert • surfaces : habitable, non habitable,… 5

  6. Redistribution of the tasks : construction price, monetary value Extraction ECL : registration file coupled together with the cadastral matrix. Statistic analysis with multiple regression Profit and characteristics of the goods Structural variables : number of rooms, surface, comfort Localization : transport facilities and accessibility, quality of the neighbourhood 6

  7. Multiple regression : link price / different characteristics • Independent variables : • certain terms of the construction code • operation date in relation to the reference date of the model • cadastral division of the municipality • surface of open sites (the parcel) • Dependent variable : operation price • ECL extraction : buildings most similar /appropriate localization 7

More Related