Abstract
The article highlights the essence of the concept of "real estate market". The components of the real estate market are analyzed and generalized. The common features of real estate that distinguish it from movable property are studied and systematized, namely: real estate, land connection, uniqueness, usefulness, fundamentality, durability, need for management, increasing value, regulation, problematic concealment, high cost of carrying out operations. The paper identifies three key components of real estate as a resource: functional, financial and physical (operational). It should be noted that a comprehensive consideration of the three above components of real estate management created a new organizational aspect. The paper systematizes the classification of real estate, which is necessary for transactions with it and assess its value. In the process of real estate classification, its separate groups, types and kinds are distinguished. Real estate can be classified on the following grounds: by the nature of use; by degree of specialization; for program purposes of ownership; according to the degree of readiness for operation; on reproducibility in natural form. Evaluation activities provide an information basis for making economic management decisions, contributes to the restructuring of the economy, the formation of a competitive market environment, the intensification of investment processes. Independent real estate valuation is designed to ensure equal rights for all members of society, through a fair assessment of their property rights and obligations. The development of appraisal activity is an integral part of the overall process of economic reform and the rule of law. As a result of the analysis, it was found that the assessment of real estate is the establishment of the value equivalent of the object. In the application plan, real estate appraisal means the process of forming a reasonable valuation of a specific real estate object, which is made to order and refers to a certain time of the appraisal. From the above we can conclude that real estate appraisal is a targeted process aimed at a specific property.
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