This book is published by Bienes Raices Ediciones and is available on their website at http://www.brediciones.com . The Author’s name is Mario Gomez. The book has many of the classic tools used by brokers and appraiser to put a value on property. The standard market, cost, and income approach methods are discussed. The fact that the book is written from an Argentine perspective gives a lot of extra insight.
Argentina has frequent ups and downs in the economy and in real estate prices. For that reason the approaches taken in this book are especially valuable for those of us who are currently experiencing a serious decline in values for the 1st time. The book also deals with risk analysis that few appraisal books in the USA include. There are multiple formulas for adjusting risk and yield concerns.
There is a section on special use properties such as post offices, dormitories and buildings that may be difficult to price. The book concludes with some really great case studies using the tools. I also recommend this book for anyone who has to teach or translate in Latin countries as it has terms commonly used to describe things that we find hard to translate.
David Segrest is a REALTOR® in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com He is also a contributor on Argentina to: http://realestatebloginternational.com/
Showing posts with label Valuation in Argentina. Show all posts
Showing posts with label Valuation in Argentina. Show all posts
Monday, August 17, 2009
Friday, January 16, 2009
Real Estate Bubbles
Real Estate Bubbles
I am currently reading a book on valuation of real estate in Argentina. The book is two years old; but it talks about real estate cycles and bubbles. In the USA it has been so long since our last fractured bubble that we forget about them. The book discusses the bubbles as a regular business occurrence in Argentina. It has charts about the exchange rate, the price of properties and the behavior of the stock market that draws relationships between these things and bubbles.
The book discusses the price of the house compared to the rent of the house and draws conclusions about how the ratio can deter or encourage purchases. It also shows that those relationships and their effect will be different in different localities. It also shows how this relationship can predict a bubble.
Sometimes USA REALTORS think that our market has the best ways and the best knowledge. The more I travel and the more I study the real estate materials in other countries, the more I think we have to learn from them. Even some of the newer markets have a lot of novel approaches to the industry to offer.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
I am currently reading a book on valuation of real estate in Argentina. The book is two years old; but it talks about real estate cycles and bubbles. In the USA it has been so long since our last fractured bubble that we forget about them. The book discusses the bubbles as a regular business occurrence in Argentina. It has charts about the exchange rate, the price of properties and the behavior of the stock market that draws relationships between these things and bubbles.
The book discusses the price of the house compared to the rent of the house and draws conclusions about how the ratio can deter or encourage purchases. It also shows that those relationships and their effect will be different in different localities. It also shows how this relationship can predict a bubble.
Sometimes USA REALTORS think that our market has the best ways and the best knowledge. The more I travel and the more I study the real estate materials in other countries, the more I think we have to learn from them. Even some of the newer markets have a lot of novel approaches to the industry to offer.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
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