Asking price has a fundamental influence on market behaviour and understanding how attributes affect the perceived price of housing. This paper employs a large database of houses from the Spanish housing market to estimate the role of attributes in asking price formation. STAR methodology and...

This paper is concerned with assessing how valuations for mortgage purposes reflect market evidence. Differences between the value obtained through the analysis of comparables and the final assigned value are analysed. The study is undertaken for the Spanish housing market at the peak of the...

The extent to which subjective influences impact on assessed valuations is an under‐researched area. Valuation practice within Spain is seemingly less developed than in the UK and other western European countries and explicitly allows for subjective adjustments in deriving the value of a...