Methodology for determining the market value of real estate, taking into account modern conditions

This article discusses the methodology for determining the market value of real estate in modern conditions. The relevance of the chosen topic is confirmed by the fact that the real estate market in the Russian Federation is developing every year faster and, in turn, real estate appraisal, as a special type of professional activity, is becoming one of the most demanded areas of the market economy. Professional appraisers in the practice of reporting should use three approaches (profitable, costly and comparative) to determine the market value of real estate, because each approach allows you to consider the object in different aspects. The content of the approaches is disclosed in the Federal Evaluation Standards, International Evaluation Standards, as well as in assessment guidelines. The application of three approaches allows you to cover the whole variety of characteristics of the valuation object (real estate). Each approach has its own set of methods for determining the market value of an object, based on their features...