Keywords: property valuation, external housing environment, simulation, game theory, technical infrastructure facilities, property value increases, infrastructure investment, public investment, uncertainty
The analysis of property value increase as a result of infrastructural investment projects
The construction of technical infrastructure facilities of properties is included in public investment projects. Such investments change the external housing environment in a variety of aspects. One of them is the property value increase. As a result property owners are obliged to take a partial participation in the investments. The environment of executing the property valuation is usually filled with uncertainties. The degree of the uncertainties will vary according to the level of market activity. This paper looks at the way in which uncertainty can be incorporated into the valuation model of sales comparison approach.