急求有关房地产评估的外文文献

Real Estate Development

　　Characteristics of the Value of Real Estate

　　For a good or service to have value it must possess certain economic and legal characteristics, specifically the following: utility, scarcity, demand, and transferability

　　Utility may be defined as the power of a good to render a service or fill a need. Utility must be present for a good or service to be of value. Utility, however, is only one of the characteristics that make up value. Thus where utility is present but demand or scarcity is absent, market value will not exist. For instance, water and air possess utility-yes, total utility, for both are essential to life itself. The value of neither air nor water however is measurable in terms of dollars for each is abundant and free to all. To have market value, therefore, a useful good or service must be scarce. The influence of utility on value, too, must be considered in relation to the size, shape, or form of the property, i