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Advances in Automated Valuation Modeling pp 139–151Cite as

An Application of Short Tab MCA to Podgorica

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Part of the book series: Studies in Systems, Decision and Control ((SSDC,volume 86))

Abstract

The work is based on the application of particular version of an Italian approach to Sales Comparison Approach (Simonotti 1997) to define an “hedonic” relationship between property price and characteristics. This version is also known as Short Tab Market Comparison Approach (d’Amato 2015a, b, c). The method was originally proposed to provide a forecast for the price of residential properties to be built on underdeveloped land. In this case will be used to provide an estimation of an appraisal function and relative hedonic prices based on few data. The proposed methodology may be useful to try to create an appraisal “function” in emerging real estate market where few comparables are available. The model will be applied to a small group of comparables in the city of Podgorica in Montenegro.

The paper has been written in strict cooperation between the three authors. Therefore the credit of the article should be equally divided among them.

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Author information

Authors and Affiliations

  1. DICATECh, Technical University-politecnico di Bari, Bari, Italy

    Maurizio d’Amato

  2. Montenegro Business School, Podgorica, Montenegro

    Vladimir Cvorovich

  3. University Lum Jean Monnet, Casamassima, BA, Italy

    Paola Amoruso

Authors
  1. Maurizio d’Amato
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  2. Vladimir Cvorovich
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  3. Paola Amoruso
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Corresponding author

Correspondence to Maurizio d’Amato .

Editor information

Editors and Affiliations

  1. Property Valuation & Investment DICATECh, Technical University Politecnico di Bari, Bari, Italy

    Maurizio d'Amato

  2. School of the Built Environment, Oxford Brookes University, Headington, Oxfordshire, United Kingdom

    Tom Kauko

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d’Amato, M., Cvorovich, V., Amoruso, P. (2017). An Application of Short Tab MCA to Podgorica. In: d'Amato, M., Kauko, T. (eds) Advances in Automated Valuation Modeling. Studies in Systems, Decision and Control, vol 86. Springer, Cham. https://doi.org/10.1007/978-3-319-49746-4_7

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  • DOI: https://doi.org/10.1007/978-3-319-49746-4_7

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-49744-0

  • Online ISBN: 978-3-319-49746-4

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