Econometric Form of The Location Attribute Using A Decision Model In Crisis Real Estate Valuation: A Literature And Legislative Data Review of Poland And The European Union

The attribute of real estate location is a basic determinant influencing the value of real estate. This triviality can be seen in every valuation verifying the valuation reports of real estate appraisers not only in Poland but also in the European Union countries. In the literature on the subject, however, the attribute of location is very often used interchangeably with location, which is a synonym. Inconsistency in the literature, as well as inconsistencies in the use of uniform nomenclature by appraisers sometimes differentiate them, which is reflected in the applicability of this most important attribute in real estate valuation. The same applies to the use of specific valuation methods, including the use of econometric tools in valuation. Their use in estimation is quite negligible, and most importantly, it does not take into account the aspect of threats resulting from, for example, the dangers of global socio-economic policy. There is a clear gap in this area, hence the interest in this topic in this study.