Market value in Bangkok real estate represents a type of valuation metric. Valuation metrics evaluate property worth.
Market value specifically assesses the price properties can fetch on the open market.
Market value differs from appraised value in determination methodology. Appraised value relies on individual property assessments, whereas market value reflects broader market conditions.
Market value also contrasts with historical price, which records past transaction values rather than current market potential.
Market value features include recent sales comparisons. Sales comparisons involve similar properties sold recently.
Another feature entails demand and supply dynamics. Dynamics indicate market trends affecting prices.
Location desirability also characterizes market value. Desirable locations boost property value.
Common market value features encompass square footage. Square footage impacts valuation significantly.
Property condition influences market value. Better conditions command higher prices.
Accessibility features, like proximity to public transportation, also play a role. Easy access increases market value.
Unusual market value features in Bangkok include foreign ownership restrictions. Restrictions limit foreign buyers, affecting market dynamics.
Another feature is the luxury property segment. Luxury properties often defy general market trends.
Leasehold versus freehold status also uniquely impacts market values, with freehold properties generally commanding higher prices.
Unique market value features comprise skyline views. Properties with unobstructed city views have premium market values.
Another unique feature is the presence of renowned international schools nearby. Such proximity elevates property desirability.
Properties within integrated developments, combining residential units with shopping and office spaces, exhibit unique market value dynamics.
Market value’s reliance on current market conditions and trends distinguishes it from other valuation metrics focused on individual attributes or historical data. This comparison highlights the dynamic nature of market value, influenced by a complex interplay of factors including location, current demand and supply, and unique property features.
For more detailed insights into valuation and other real estate concepts, visit our glossary about Bangkok real estate.