Every property has its own development of the market value
The market value of a house is determined by comparing it with reference sales and applies to a specific date, the valuation date. Using sales of comparable houses in the past, it is possible to establish its market value for dates in the past. This leads to the specific development of the market value of the property at hand.
The graph above shows the market value and reliability of the valuation using bandwidths for each valuation date. For each valuation date, the probability distribution of the value is, as it were, viewed from above.
When we focus on the development of the median market value, the percentage year-on-year development becomes clear.
