期刊名称：Annals of the University of Craiova: Economic Sciences Series
印刷版ISSN：1223-365X
电子版ISSN：1843-3723
出版年度：2012
卷号：2
页码：1-8
语种：English
出版社：Universitaria Craiova
摘要：Like any other market,the real estate market registers a continuous evolution,acting like a sensitive barometer to the economic fluctuations and being seriously affected by economic,social and political factors.Whatever the economic situation might be,the evaluation of real estate properties is done in conformity with the International Valuation Standards (IVS),standards that are perpetually revised.Since 2004,IVSs have experienced numerous revisions,the latest done in 2011,and changes are both formal as well as substance related.The cost approach is one of the three methods for evaluating real estate properties and it applies to situations where there are a limited number of transactions and when market approach and income approach are not applicable.The hereby study undertakes to show the novelties attained by means of the cost approach in evaluating real estate properties.
