Académique Documents
Professionnel Documents
Culture Documents
based on market values. In the mean- the implementation of theory and re-
time, the social order changed twice gulations, and predominantly contain
and privatisation of formerly state- numerical data, with large quantities
owned companies was implemented. of diagrams and tables. They contain
During this period, practice was separ- fewer explanations oflegal provisions
ated from theory and no literature was or analyses of international achieve-
available in Croatian. In response to ments in the topic covered. This Ma-
these shortcomings, this Manual by nual is somewhat different, since it
Uhlir and Majčica was written for the contains plenty ofthese items. Since it
day-to-day work of valuers, as a refer- is the first work to cover real estate
ence work on real estate valuation and valuation comprehensively, a more
a commentary on the Real Estate appropriate title might simply be Real
Valuation Act. It is a commendable Estate Valuation. This would leave
step forward in the dissemination of scope for a more comprehensive fu-
interdisciplinary skills and knowledge ture edition entitled 'Manual'.
regarding real estate valuation. Since On the other hand, since the
the authors of the Manual were also adoption of the Real Estate Valuation
the producers of the Real Estate Valu- Act, after decades with no regulations
ation Act, the Manual provides a or literature, our valuers have needed
thorough insight into the interpreta- a commentary on the Act, a reference
tion and implementation ofthe Act in work and manual. It is no surprise
In 2016, the Zagreb Society ofCivil daily life and practice. that the first edition of400 copies sold
Engineers (DGIZ) published the Real In thirteen chapters the Manual out in less than five months, and a
Estate Valuation Manual. The authors contains all the knowledge necessary new edition is already on sale.
of the Manual are Željko Uhlir (MSc. for real estate valuation: the authors' The book is divided into thirteen
Eng.) and Branimir Majčica (MSc. foreword, introduction and general chapters and systematised. The main
Land Management and Land Tenure). information on real estate valuation, contents list all thirteen chapters, with
The book is written in Croatian and valuers and valuation committees, secondary contents and in-depth ela-
consists of 465 B5 pages. It was re- the comparison approach, income borations at the beginning of each
viewed by Dr. Maruška Vizek and approach, cost approach, valuation of chapter. This makes the book easy to
corrected by Urica Lisjak. building leases, valuation of servitu- navigate.
Real Estate Valuation is a distinctly des, valuation of expropriated real The order ofthe chapters is logical
multidisciplinary activity, which may estate, and mass valuations, and in- and guides the reader through the su-
be why it took such a long time to pro- cludes a glossary of 72 terms, the re- bject matter. It is recommended to read
duce and adopt the Real Estate Valuation viewer's afterword and three the authors' and reviewer's messages
Act (Official Gazette 78/2015). appendices: The Real Estate Valuation and the introductory chapters. Since
In the Republic of Croatia, Real Act (Official Gazette 78/2015), Ordi- readers are sometimes in a hurry, or
Estate Valuation was standardised for nance on methods ofreal estate valuation they just want to get information quic-
the first time by the engineer Vlado (Official Gazette 105/15) and Richtlinie kly, they often skip the introductory
Verner. In 1936, he produced the Or- zur Ermittlung des Sachwerts (SW-RL) as chapters. In this Manual, the introduc-
dinance on real estate valuation ofthe Mu- an example of comparative regulati- tory chapters contain explanations of
nicipality of the City of Zagreb. The ons from other countries. essential terms and concepts. Unless
Ordinance was written as a Manual they are understood, it is difficult to ap-
with specific rules for three valuation Critical review preciate the chapters which follow.
methods based on market value, along In the foreword, the authors ack-
with a list ofdata necessary for valuers. Frequently, publications in the nowledge that the adoption of regu-
Between 1936 and 2015, there was no technical (or economic) sciences na- lations on real estate valuation was
regulation of real estate valuation med Manuals are oriented towards not a smooth process and explain
principle of previous effect, congru- ations in three languages, and is a va- and readability, many sources of lite-
ently with compensation for loss of luable supplement to the book, with rature, authors’ ability to express
assets, pecuniary advantage of ex- added explanations. The authors themselves, and harmonisation with
propriation, and valuation date and properly conclude, “Each regulation current regulations, standardising
quality date, create a market model uses specific terms that arise from the field real estate valuation for the first time
that allows the valuation ofproperties subject to standardisation. In terms ofreal in Croatia, mean it will remain up-to-
excluded from economic develop- estate valuation, due to years of lacking date for many years to come. In every
ment, i.e. for non-existent real estate any regulations in Croatia, and the spre- sense, the Manual is a commendable
markets (public purpose land/real ading use of foreign terms in domestic step forward in the dissemination of
estate). Such valuations are in line practice, it was necessary to provide a glo- interdisciplinary knowledge regar-
with the Constitution of the Republic ssary to minimise the interpretation ofer- ding real estate valuation. Its com-
of Croatia and the principles of the rors. The terms defined enable experts to prehensiveness and wealth of
European Court ofHuman Rights. The understand each other and find their be- practical examples provide readers
book provides clear calculation arings in their field of expertise. For ins- with insights into the best internati-
examples for these complex issues, tance, ifa domestic valuer uses the term onal practices ofreal estate valuation.
with appropriate diagrams, so experts property yield rate, his colleagues in other At the same time it enables expert
can implement them fully in practice. countries should realise he is referring to evaluation in line with the standards
The chapter on mass valuations of the income approach as implemented in of the Real Estate Valuation Act. Thus,
real estate gives a 20-page overview of the Federal Republic ofGermany, Austria the Manual is undoubtedly a valuable
international experiences, along with and Switzerland. “ contribution to the profession and
various systems for implementing society as a whole, since it provides
real estate tax, since taxation is the In conclusion sound foundations for the responsi-
main reason for implementing mass ble, systematic management of Cro-
valuation methods. The publication of the Manual for atian space.
The 28-page glossary covers 72 Real Estate Valuation has met with gre-
characteristic terms related to valu- at interest among professionals. It size Maruška Vizek
sva postupanja, već se očekuje da struč- iskustava za procjene ali i za različite Zaključno
naosobaraspolaže s nužnimteoretskim sustave provedbe poreza na nekret-
znanjima. Posebna vrijednost navede- nine s obzirom da su porezi osnovni Objava Priručnika za procjenu vrijed-
nih poglavlja nalazi se u tome da baš ti razlog za primjenu metoda masovne nosti nekretnina naišla je na veliki interes
posebni načini procjena vrijednosti ne- procjene. u stručnoj javnosti. Obim i preglednost
kretnina nikada nisu bili normirani na Pojmovnik na 28 stranica sa 72 ka- teksta, brojni izvori literature, kao i izri-
području naše države. Tako je za potre- rakteristična pojma vezana uz procje- čaj autora te usklađenost s važećim
be efikasnog rješenja u procjenama za ne čiji su nazivi dani u trojezičnom propisima koji su u našoj državi po prvi
potrebe postupaka izvlaštenja po prvi prikazu, kvalitetno dopunjuje knjigu s puta normirali procjene vrijednosti ne-
puta u naš pravni sustav uveden pojam dodatnim obrazloženjima. Autori pri- kretnina, doprinose tome da će ovaj
načelaprethodnogučinka, kojiuz pojmove mjereno zaključuju: „Svaki propis upo- Priručnik biti aktuelan kroz dulje vrije-
posljedični gubitci, posljedični dobitci te dan trebljava specifične termine koji proizlaze iz me. Priručnik u svakom smislu pred-
vrednovanja i dan kakvoće, grade tržišni područja koje se normira. Posebno vezano stavlja hvalevrijedan iskorak u smjeru
model kojim se uspijevaju procijeniti u uz procjene vrijednosti nekretnina, a s ob- diseminacije interdisciplinarnih znanja
duhuUstavaRH, ausklađeno s načelima zirom na dugogodišnje nedostajanje ikakva o procjeni vrijednosti nekretnina. Sve-
Europskog suda za ljudska prava, i one propisa iz toga područja u nas, k tomu i na obuhvatnost i mnoštvo praktičnih pri-
nekretnine koje su izuzete iz daljnjeg sve rašireniju uporabu stranih termina u mjera, zainteresiranom čitatelju pruža
konjunkturnog razvoja, odnosno one domaćoj praksi, bilo je potrebno sastaviti uvid u najbolje svjetske prakse procjena
nekretnine za koje ne postoji izgrađeno pojmovnik kako bi se smanjila mogućnost vrijednosti nekretnina, a ujedno omo-
tržište (nekretnine javne namjene). U pogreške u interpretaciji. Definirani termini gućuje suverenu procjenu u skladu sa
knjizi se za ova složena pitanja daju omogućuju stručnjacima da se lakše razu- standardima definiranima Zakonom o
pregledni računski primjeri s potreb- miju i snalaze u području kojim se bave. Ako procjenivrijednostinekretnina. Priručnikje
nom grafikom, što stručnoj osobi u pot- se domaći procjenitelj koristi primjerice stoga nedvojbeno vrijedan doprinos
punosti omogućava suverenu primjenu terminom kamatna stopa na nekretnine, struci, ali i društvuucjelini, jer postavlja
upraksi. njegovi kolege iz drugih država trebali bi zdrave temelje za odgovorno i sustavno
U poglavlju o masovnim procjena- znati da je riječ o prihodovnoj metodi pro- upravljanje hrvatskim prostorom.
ma vrijednosti nekretnina na 20-tak cjene vrijednosti nekretnina koju rabe i ko-
stranica daje se prikaz međunarodnih lege iz SR Njemačke, Austrije i Švicarske.“ Maruška Vizek