Urban sprawl and economic development brought new ways of correlating the efficiency and performance, and green buildings are spreading at higher levels. In this normative study, we discuss specific issues in how valuation methods could be considered when assessing green buildings. The real...

Purpose This paper aims to estimate the green premium effect of retrofitted apartments in Bucharest and draw comparisons with international examples. Design/methodology/approach A geo-referenced transaction database including information on whether the property had been retrofitted is utilised....

Characterization of the economic and financial performance of real estate transactions involves the processing of accounting information under the regulations specific tax. In this sense, information with a high degree of concentration is provided by accounting mechanisms using the balance...

A number of transitional economies are in the process of developing real estate taxation based upon the market values of properties. This paper examines the issues involved in achieving this. The use of market values in taxation requires the existence of valuation standards based upon market...

This paper argues that efforts in rural conservation of the Saxons villages of Transyvania should be reinforced through long term rural regeneration policies that would benefit the present local population. While much welcomed, the attention that the conservation of Saxon villages in...

As real estate is most likely as volatile as the stock exchange, this volatility could determine important diferences of performances in the sector. This paper examines the evolution of the real estate sector between 1990-2014 in Romania and the performances associated with different stages of...

Ongoing changes in international and US financial reporting systems have engendered pressing measurement issues, mainly related to the use of fair value. Fair Value Measurements (FVM) is a subject of debate for both academics and practitioners. Theoretical research by Bushman and Smith (2001),...

In this paper we analyze the impact of the Basel II adoption on the ability of European real estate companies to access bank loans. The Basel Committee on Banking Supervision (BSBS) adjusted their regulatory recommendations to answer the potentially problematic concentration of loans in the real...

Size and neighbourhood significantly affect house prices, conditional on social and economical trends. In this paper we investigate the relationship between size, location and price in Bucharestís apartments market, which has recently seen a dramatic price surge. Using average transaction...

Probably majority of appraisal assignments involve the valuation of less than the whole property and many approaches in valuation offer the value for the entire property. Partial Interest is an Interest (in property) that is less complete than a fee sample interest. An important part of the...