| Popis: |
The general framework for the use of automated valuation models, based on the specific legal and regulatory standards for the valuation of property used as collateral in Germany, is described below. With these requirements in mind, the calculation methods for Market Value and Mortgage Lending Values are examined first. There are three methods available in Germany, which are used as either the principal or a secondary method depending on the type of property being valued. There then follows a summary of the principal databases. Without high quality, reliable and up-to date property data, it would be impossible to produce reliable Market Values and Mortgage Lending Values. How is this information used in automated valuation models and what role do valuers assume in the process? The answers form a further focal point of this discussion. |
