UkrainianProfessional Education

Abstract

The purpose of the scientific work is to develop a methodology for determining the impact of external (economic) depreciation on the value of real estate. The essence of external (economic) depreciation is analyzed, in particular, the nature of its impact on the value of real estate over time is determined. Traditional methods of determining external (economic) depreciation were studied, their analysis and grouping were performed, and an algorithm for the use of traditional methods was developed. The necessary prerequisites for the application of these methods, their advantages and disadvantages were determined, and the results of practical testing were analyzed in the study. It was concluded that for the effective application of traditional methods of determining external depreciation, it is necessary to have a sufficient amount of information about the real estate market and high liquidity of the property. It was found that it is problematic to apply the considered methods to specialized, illiquid or nonliquid property, which, in particular, includes transport infrastructure objects. Using the results of the study [4], it is proposed to additionally apply two specific methods (method of power dependence, object liquidation method), which take into account the lack of information about the real estate market and the specifics of specialized objects. Adaptation of methods of power dependence and object liquidation to real estate in the field of transport infrastructure has been carried out. Based on the proposed methodology, an algorithm for estimating the value of real estate, taking into account economic wear and tear, was developed. The scientific novelty of the study is the development of a methodology and algorithm for estimating the value of real estate, taking into account economic depreciation, based on the determined liquidity of real estate. The practical value of the proposed algorithm and methodology is ensuring the possibility of their application to various types of objects, in particular, to specialized and nonspecialized, liquid and illiquid, private and public. This becomes especially important in modern conditions, when there is a need to assess the property damaged by the war in order to carry out its recovery, repair, reconstruction or liquidation

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