Sabina Źróbek

University of Warmia and Mazury in Olsztyn

Poland

zrobek@uwm.edu.pl

Selected aspects of real estate appraisers’ professional training on the background of economic theory

Ewa Kucharska-Stasiak

University of Lodz

Poland

ewkuchar@uni.lodz.pl

Jurga  Naimaviciene

Vilnius Gediminas Technical University

Lithuania

jurga.naimaviciene@vgtu.lt

Laura Tupenaite

Vilnius Gediminas Technical University

Lithuania

laura.tupenaite@vgtu.lt

 Abstract. This study is aimed at presenting the role of economic principles in the real estate valuation process raised in appraisal theory. The formulated theses suggest that the rea- sons for not appreciating economic issues in the appraisal process should be sought in the education system of persons authorised to perform real estate appraisals. In order to research how economy theory was adapted by appraisal theory and practice, several commonly available information sources were reviewed. The table shows the kinds of principles, in the order mentioned by the authors of studies. Some information about education system of property valuers in Poland and Lithuania was discussed. In order to verify how the appraisal principles described herein are used in practice, a survey was conducted among Polish appraisers. The Polish respondents’ answers confirm the diagnosis of the article’s authors as to the necessity to devote more time to these issues when preparing candidates for the profession of property appraiser.

Received: January, 2016

1st Revision: March, 2016

Accepted: May, 2016

DOI: 10.14254/2071-

8330.2016/9-2/11

JEL Classification: R1, R3, A12

Keywords: economic principles of valuation, real estate, education of real estate appraisers, Poland, Lithuania