The mass appraisal tool: application of a pluriparametric model for the appraisal of real properties

Over the past few years, mass appraisals have been the center of attention in the national and international valuating context. The reason for this growing interest is mainly due to the increasing importance of real estate valuations within the current global economic environment and the need to have assessment tools able to support, at a decision-making level, the management and enhancement strategies for property assets. Nationally, many owners of property assets have expressed the need to dispose of those valuating tools: credit institutions, real estate funds, insurance companies and public property assets managers (home improvement companies, municipalities, etc.). In view of those new valuating necessities and in view of the relevance that mass appraisals are having and the applicability of the existing models, a new appraisal model is proposed; a pluri-parametric one, aimed at rapidly assessing a large number of assets within different real estate market’s segments.