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The definition of "property valuation" means the determination of the price for various objects of the material world, which is performed by a professional appraiser. This operation allows you to find out the exact market price of the property at a particular moment.
Appraisal activity is divided into 2 types:
For real estate;
For movable property.
The first type includes work on the valuation of buildings, plots of land, apartments, as well as ships and aircraft. The final price for them is determined based on the condition, as well as, in the case of houses and land, based on the location.