Valuation of residential properties with a not very dynamic real estate market

Case: Encarnación de Diaz, Jalisco, Mexico

Authors

DOI:

https://doi.org/10.18861/ania.2022.12.2.3243

Keywords:

real estate, static real estate market, slow real estate market, supply and demand, valuation

Abstract

In a market economy, the value of goods is determined by the balance between supply and demand. The professional activity of valuation becomes complicated in small population centers, fundamentally the application of the Market Approach, since its basic principle is the comparison and homologation with other properties with the same or similar characteristics. The objective of this work was to propose an auxiliary tool in the process of valuation of residential properties for localities with little dynamic market through the use of preference factors measured to obtain the Market Value. The case study was Encarnación de Díaz, Jalisco, Mexico; and a descriptive and analytical methodology was used, since the traditional methods of real estate valuation were taken into account (replacement or replacement cost value, rental capitalization, comparison or market), however, the latter method, some modifications are proposed to be able to value properties that do not have comparables and that are in a not very dynamic market, as was the case in this locality. For data collection, 90 interview forms were used according to specialized bibliography consultation, to obtain information on the preference of residential properties by users, the results of the study show that the first place of the preferences was occupied by the variable of "safety in the area" with 37.39%, likewise, the external qualities of the dwellings "safety in the area, availability of services, urban image and proximity to the city center" were more important. It became clear that, in the real estate valuation process under the Market Approach, the critical point is obtaining information when the socio-economic conditions of the place where the property is geographically located are of a low or low real estate market. little dynamic. The proposal for obtaining the preference factor (perception of values) was fulfilled and is operable, as well as the process for obtaining the market value, but strictly adhering to what is suggested in the research carried out.

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Author Biographies

Ana Cecilia Villalobos González, Universidad de Guadalajara

Maestra en Valuación, Universidad de Guadalajara (México). Trabajo independiente como arquitecto, valuación inmobiliaria, proyecto arquitectónico y supervisión de obra. Colaboración en proyectos de investigación.

Francisco José Martín del Campo Saray, Instituto Tecnológico José Mario Molina Pasquel y Henríquez

Doctor en Arquitectura, Universidad de Colima. Docente de licenciatura desde 2011. Docente de maestría desde 2017. Miembro del Sistema Nacional de Investigadores. Miembro colaborador de comités tutoriales con universidades de México. Árbitro evaluador de revistas arbitradas nacionales e internacionales. Autor de artículos científicos en revistas indexadas nacionales e internacionales  y capítulos de libro.

References

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Gonzales, P., Turmo, J., y Villaronga, E. (2006). La Valoración Inmobiliaria Teoría y Práctica. España: Ediciones Gráficas Muriel SA.

Hernández Ruíz, E. A. (2012). Valuación inmobiliaria. Editorial Trillas.

Instituto Nacional de Estadística y Geografía (INEGI). (2015). Encuesta intercensal 2015.

Panorama Sociodemográfico Jalisco. (2018). INEGII y IIEG Jalisco, Diagnóstico del Municipio de Encarnación de Díaz, Jalisco. Obtenido de: https://iieg.gob.mx/contenido/Municipios/EncarnaciondeDiaz.pdf

Procedimientos de carácter técnico en materia valuatoria (2018). Instituto de Administración y Avalúos de Bienes Nacionales (INDAABIN). PROY-NMX-R-081-SCFI-2015. Diario Oficial de la Federación. Obtenido de: http://dof.gob.mx/nota_detalle.php?codigo=5417240 fecha=26/11/2015

Rojas, M. A. M. (2017). Estado, vivienda de interés social e inmobiliarias en México. Cuadernos de Vivienda y Urbanismo, 10(19), 6-21.

Published

2022-07-25

How to Cite

Villalobos González, A. C., & Martín del Campo Saray, F. J. (2022). Valuation of residential properties with a not very dynamic real estate market: Case: Encarnación de Diaz, Jalisco, Mexico. Anales De Investigación En Arquitectura, 12(2). https://doi.org/10.18861/ania.2022.12.2.3243

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Original papers

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