The Use of Rate Study in Real Estate Market Analysis within the Mass Appraisal System in the Republic of Moldova

This article investigates issues related to determining real estate market indicators in the framework of mass appraisal of immovable property in the Republic of Moldova, according to the recent methodological framework issued by the authorities, set to be implemented in practice. Simultaneously, this study proposes an applied methodology for real estate market analysis, aiming to identify specific indicators necessary for an adequate and equitable assessment of the real estate market at both regional and national levels. The article systematically synthesizes the limitations associated with using arithmetic mean to calculate market prices per unit as market indicators, and highlights the advantages of rate study as an alternative for monitoring and analysing the real estate market. The effectiveness of the proposed methodology is demonstrated through a case study, arguing for its necessity in practice.