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Exploring real estate valuation practices in an informal market
Habitat International ( IF 5.205 ) Pub Date : 2024-03-27 , DOI: 10.1016/j.habitatint.2024.103069
Uri Ansenberg , Nufar Avni , Gillad Rosen

This study investigates the intricate realm of real estate valuation in the Palestinian neighborhoods of East Jerusalem. Drawing on 27 interviews with real estate appraisers and an analysis of betterment tax valuations, arbitration reports, and court minutes spanning the years 1991–2023, we unpack the distinct valuation practices in this informal urban setting. We discuss the unique challenges involved in valuations in informal real estate markets and how appraisers address them, suggesting that appraisers in East Jerusalem grapple with structural, top-down challenges—arising from inconsistent Israeli planning regulations, geopolitical instability, and an underdeveloped mortgage market—and bottom-up obstacles stemming from limited transaction reporting by local Palestinian residents. To navigate these challenges, appraisers employ creative solutions, such as a 'copy & paste' strategy, referencing older arbitration verdicts, and creating complementary databases. They also rely on local knowledge and their familiarity with the field. Our research sheds light on the innovative methods appraisers utilize to assess land value in the complex and dynamic environment of East Jerusalem, and in informal areas more broadly.

中文翻译:

探索非正规市场中的房地产估价实践

这项研究调查了东耶路撒冷巴勒斯坦社区复杂的房地产估价领域。根据对房地产估价师的 27 次访谈以及对 1991 年至 2023 年期间改良税估价、仲裁报告和法庭记录的分析,我们揭示了这种非正式城市环境中的独特估价实践。我们讨当地巴勒斯坦居民交易报告有限而产生的自下而上的障碍。为了应对这些挑战,评估师采用创造性的解决方案,例如“复制和粘贴”策略、引用旧的仲裁裁决以及创建补充数据库。他们还依赖于当地知识和对该领域的熟悉程度。我们的研究揭示了评估师在东耶路撒冷复杂且动态的环境以及更广泛的非正式地区评估土地价值时所使用的创新方法。
更新日期:2024-03-27
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