Nuevos instrumentos para la valoración inmobiliaria

  1. Ana Gómez-Bezares 1
  2. Fernando Gómez-Bezares 2
  3. Alfredo Jiménez 3
  1. 1 Banco de España
    info

    Banco de España

    Madrid, España

    ROR https://ror.org/02f26yq04

  2. 2 Universidad de Deusto
    info

    Universidad de Deusto

    Bilbao, España

    ROR https://ror.org/00ne6sr39

  3. 3 Universidad de Burgos
    info

    Universidad de Burgos

    Burgos, España

    ROR https://ror.org/049da5t36

Journal:
Análisis Financiero

ISSN: 0210-2358

Year of publication: 2015

Issue: 129

Pages: 6-18

Type: Article

More publications in: Análisis Financiero

Abstract

The crisis of 2007 has shown that real estate appraisals had been too high in previous years. This article analyzes the crisis in some depth and its effect on the real estate value and bank assets. It seems reasonable therefore to search new methods of valuation based on the progress that financial theory offers us. The use of prices of recent transactions in valuations can have a perverse effect bymultiplying and generalizing the errors. The use of the intrinsic value and a more serene and comprehensive consideration of risk, can be the basis of a scientifically better pricing and better suited to the changing times we live in and also the ones that we will be living in the near future.