UDC 338.51

DETERMINATION OF FAIR PRICES FOR RESIDENTIAL REAL ESTATE MARKET CONDITIONS

Saf'janov Aleksandr Nikolaevich1, Dmitrieva Tatiana Nikolaevna2, Han'zhov Il'ja Sergeevich3
1Penza state university of architecture and construction, associate professor of the Department «Economics, organization and management of production»,
2Penza state university of architecture and construction, lecturer of the Department «Economics, organization and management of production»,
3Penza state university of architecture and construction, post-graduate student of the Department «Economics, organization and management of production»

Abstract
Analyzed a fair price for residential real estate as a complex phenomenon that is constantly evolving. Fair prices are determined by the prices, which are formed by different market participants with dignity justice. The authors show that the applicability of a particular method for determining the "fair price" for residential real estate depends on the selected as a significant factor in the calculation: the return on investment in housing, the average annual household income, the proportion of creditworthy buyers.

Keywords: fair, housing, price, property


Category: 08.00.00 Economics

Article reference:
Determination of fair prices for residential real estate market conditions // Modern scientific researches and innovations. 2014. № 8. P. 2 [Electronic journal]. URL: http://web.snauka.ru/en/issues/2014/08/36336

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