Qualimetric Assessment of Investment Attractiveness of the Real Estate Property

In this paper, an algorithm was proposed to define the integral quality coefficient of real estate (on the example of office centers) according to a property tree in the framework of qualimetric modelling. The aim of the paper is an attempt to apply qualimetric methods to evaluate the investment attractiveness of real estate property.

When building a qualimetric model, information about the current state of the real estate market was gathered, and a survey of brokers and tenants of office centers was conducted to determine the quality of the selected properties. Scales which were developed to measure simple features of the real estate and evaluate the main price forming factors are presented.

The researchers proposed a model that takes into account the most essential characteristics of office real estate to determine rental rates and the rate of return on investment capital.