摘要:In this paper a new approach ispresented to establish unit sale values for residential properties constitutedas horizontal property units, common said freehold apartments or flats,considering a real estate investment and its Estimated Market Value (EMV). The economic and financialparameters associated to a certain real estate investment being known, such asdesign and construction costs, expected sale’s values and marketing fees, anassociated profitability can/may be determined. For a presumed profitability on agiven real estate investment of freehold flats, the matrix analysis allows toascertain the overall EVM (i.e., the amount of income) according to the unitstypologies, constituting the whole investment, or assigning a marketing targetper square meter unit value. A study case is presented in thearticle considering the referred matrix approach analyzing a real estateinvestment consisting of different flat types (in horizontal property) toascertain unit sale values and, at the same time, granting the overall EMV andconsequently its profitability. Considering the study case andthe methodology followed by the inversion and matrix multiplication of preciselydefined independent terms, one can state that the application of a matrixapproach in the analysis of real estate investment is a fast and easy tool tomonitor the variability of different parameters related to market investmentallowing to fix unit values (per square meter) of flats based on a targetprofitability value for the investment.JELclassification numbers: C02, C65, D81, R20Keywords:RealEstate Appraisal, Estimated Market Value (EMV), Matrix Analysis of Real EstateValues.
关键词:RealEstate Appraisal; Estimated Market Value (EMV); Matrix Analysis of Real EstateValues