Rethinking the value and cost of real estate

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Rethinking the value and cost of real estate
 © CyprusPropertyNews 2021
This article doesn’t concern itself with the etymology of the cost, price, value and worth of real estate; it focuses on the mess these terms are causing to the banking system.

In everyday language, cost, price, value, and worth are often interchangeable, but they have special meanings in the Real Estate business.

Cost is the construction cost of a building and of the land on which it is built upon.

Price is the amount at which a property is actually sold, whilst value is the estimate of what a property could sell for in the open market, i.e., an estimate of the price.

Worth is...

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Rethinking the value and cost of real estate

The contents of this article including any associated images are © CyprusPropertyNews 2021
Views & opinions expressed in this article are those of the author and/or CyprusPropertyNews .

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Article Tags: rethinking, value, estate,