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An assessment of a market property value has been a subject of a debate among appraisers for many years. Some of them believe that the пїЅpowerпїЅ of statistics is so tremendous that in each situation an appraisal should be based on statistical methods. On the other hand, the other group off appraisers with a considerable experience, strongly support an actual expert assessment. For practitioners statistics is usually only an additional tool used rather to confirm a presented thesis. The dispute lasting for years ...

Nowadays we often encounter situations which cannot be explained rationally. However, we always try to find the reason of an ensuing situation. On the example of a selected town, the author presents the range of illogical business decisions pertaining to commercial real estate market. A situation in which somebody spends millions of dollars and even though, according to an expert, the business is doomed to failure anyway, requires an in-depth research. Through his meticulous research, the author uncovers that the ...