Abstract
The article discusses the most used types of real estate values, the features of their definition and relationship, calculation methodologies. The market value in the article is considered as the main reference point when determining the cadastral value or when making investment decisions. Based on the examination of reports on the contesting of cadastral value, a conclusion is made about the mass use of the comparative approach in deriving the equilibrium value of real estate. Particular attention is paid to the errors that appraisers make in their work when determining the market value of real estate and which in the future significantly affect its results.
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