Deddis, W G; McCluskey, W J; Mamis, A and McBumey, R D (1997) The potential for market research, property market analysis, & property valuation using (GIS) geographic information system technology. Journal of Financial Management of Property and Construction, 2(3), pp. 45-62. ISSN 1366-4387
Abstract
The paper is based on research developing property analysis and valuation techniques within a geographic information system (GIS). Applications include, Market Research for land use and property development, general Property Market Analysis, Value Mapping, and Computer Assisted Mass Appraisal (CAI@-L4) models for residential property taxation. The value of land and property is a function of economic, legal, physical and locational factors. Land and property markets, by their nature, exhibit high degrees of market imperfection, not least the lack of knowledge. Consequently, access to comprehensive, reliable and up-to-date transaction evidence, is a prerequisite to property research, analysis and valuation. Both market research and valuation techniques depend on the collection and analysis of relevant data. Historically, the application of these techniques took place within a non-spatial environment. Ultimately, market data supports any estimate of value. Data searches and collection can prove both time consuming and expensive in relation to the fee earning potential of a valuation report. GIS can facilitate in a spatial context, the storage, manipulation and analysis of data, in a fraction of the time previously required.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | property market, information/data accessibility, residential property, geographic information systems, market research, valuation for purposes, value mapping |
| Index terms: | accessibility, geographic information system, market research, land, property development, estimate, land use, property market, evidence, residential property, taxation, mass appraisal, mapping |
| Subjects: | policy economics, geographical techniques and analysis, economic development, market analysis, spatial and geospatial analysis, construction type, financial and cost management, inclusive design, evaluation and assessment methods, real estate economics |
| Topics: | Construction Technology, Design Practice, Geographical Context, Urban Studies, Cost Management, Research Practice, Regulations & Compliance |
| Descriptive scope: | 3 PCA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here