A spatial hedonic model was constructed for a lakefront golf course community in South Carolina. Geographic information system (GIS) analysis classified 589 vacant lots into eight different view categories including golf course, mountain, and lake views. The OLS results confirm a hierarchy in the pricing of views with premiums ranging from 42% to 54% for golf course views, 94% to 133% for lake views, and 131 %to 305% for lakefront lots. Spatial variables including the slope of a lot, length of shoreline, and proximity to the lakeside village were also found to be statistically significant variables influencing the value of the property. Other spatial variables were found to be statistically insignificant including view aspect and length of golf course frontage. Tests for spatial autocorrelation were conducted for the 589 properties utilizing spatial lag and spatial error models. Both spatial models were statistically superior compared to the original OLS model. The diagnostic tools indicate that the modeling of the spatial errors using a maximum likelihood framework produces a statistically significant model that improves goodness-of-fit indicators compared to an alternative spatial lag model. These results confirm the importance of modeling spatial errors. The period of study, from 2000 to 2010, was a decade of turbulence in the real estate market on Lake Keowee. The empirical evidence indicates the emergence of a speculative bubble that reached its crescendo in 2005/2006 with median real estate prices doubling in a five year period. This study examines the role of launch marketing tactics as a price amplifier by creating an urgency to buy in response to a systematic increase in property prices and simultaneously limiting supply by restricting lot sales to 30% of reservations. Finally, the study illustrates that the construction of golf courses is no panacea to the problems confronting today's residential real estate developers. The results suggest that communities based on waterfront properties may have greater potential price growth in strong markets and resiliency in weak markets. Further research is warranted to understand the changing role of golf courses in the 21st century.

When considering the valuation techniques of income-producing property, various types of information should be obtained from the market in order to apply them to the valuation of the property under consideration. This includes the comparison with other properties sold in the market. However, due to the illiquid nature of property, especially those typically owned by institutional investors, such transactions do not take place every day. Therefore the necessary information is not always readily available, and also not of the required quality. In order to try and eliminate this problem, the study considers the possibility of using alternative information to indicate market activities. Various studies have considered the similarities of direct real estate and indirect real estate. Most of these studies compare the investment returns of the two markets. This study extends the research by specifically looking at the unique property loan stock structure of South Africa, and comparing the value of shares to the value of assets. It therefore offers a more comprehensive explanation of the factors over and above the return received on the investment. It furthermore considers the composition of the property portfolio and the possibility to measure individual property values within such a portfolio. The outcome of the study is a model that allows property valuation and market interpretation from fundamental principles, with supporting evidence from the listed-property investment market. / Thesis (PhD)--University of Pretoria, 2013. / gm2013 / Construction Economics / unrestricted

The diploma thesis deals with the analysis of the best and highest use of the property (HABU). The theoretical part describes the basic principles of this method and its cruical parts: legal admissibility, physical possibility, financial merits and maximum profitability. This method is applied to a specific area called brown fields in the practical part of this thesis. The result of this method is the evaluation of the highest and best use of the property.

This thesis deals with the issue of determining the causes of defects and failures, focusing on a specific property and their significance in determining the price of the property. The first part focuses on the theory explaining the basic concepts used in the valuation of real estate, basic methods of property valuation and classification of construction defects and failures. This chapter includes an analysis of the real estate market in the years 2008 - 2013. The second part is devoted to determining the amount of property damage at a specific property, the calculation of this particular property which is based on technical surveys and subsequent valuation of the property with regard to the results of the survey. The aim is to create a design procedure for reducing the price of the property with the defect.

The diploma thesis deals with the analysis of the highest and best use (HABU) of the property, which is applied to a specific example in the practical part of this work. The theoretical part describes and explains the four basic hypotheses of which the analysis consists (legal admissibility, physical possibility, financial merits and maximum profitability). The analysis is performed on the building of the former dining of Military Academy in Brno, which is currently unused.

This diploma thesis solves issue of the easements and their impact on evaluation of the land. Primary there are decribe basic topics of the isuue, further on legal procedure of the easements and the constituon, modification and termination. Next there is describe types of prises and evaluation of the land, easements and the lands with these easements. In the practical part there is evaluation of the specific land (with the market value and administrative price), which is loaded by easement of way over the land.

This diploma thesis deals with the issue of analyzing the highest and best use of property. Abroad, this method is quite used and referred to as Habu. The method is applied to a specific case of the Sokolovna in Mosty u Jablunkova. The first part focuses on the theoretical introduction, which describes the basic concepts and how to tackle the highest and best use. The second part of the thesis is focused on the practical application of the method to a particular case where the legal admissibility, physical, financial and maximum profitability tests are made on logically probable possibilities of use. The test results are the highest and best use of a particular case.

The diploma thesis deals with the valuation method called Analysis of the Highest and Best Use (HABU). In the theoretical part are described and explained four basic hypotheses of which analysis consists of. These are legal permissibility, physical possibility, financial substantiation and maximum productivity. The practical part deals with specific variants, on which calculations are demonstrated as well as confirmation or refutation of hypotheses.

This PhD thesis analyzes the current, by experts in minimum benchmark solved condition of valuation of damaged, unlicensed and unauthorized buildings, it defines the problematic status of the individual administrative areas where the expert report is the decisive evidence and it recommends suitable method of valuation of these buildings, so as to minimize the risk of bringing faulty expert opinion. The paper not only explains the basic concepts identified in the relevant legislation, but also systematically analyzes the possible ways of determining the usual price of mentioned buildings. Derived ways of valuation methods are validated on examples and evaluated. On the basis of this verification there is a recommended procedure to determine the usual price of these types of buildings, ie. the expert standard.

This diploma thesis deals with the valuation method called analysis of the highest and best use, called HABU. In the theoretical part are explained the basic principles of the method, its parts which are: legal permissibility, physical possibility, financial feasibility and maximum productivity. In practical part this method is applied to the selected location of premises BUT on Údolní 53.