ÖNORM B 1802-1

This Austrian Standard is applicable to the calculation of values of the value of developed and undeveloped real estate and parts of real estates, including parts such as buildings and outdoor facilities, as well as of building leases. The term "value" in this Austrian Standard includes the following terms: market value or fair value, fair value for accounting purposes, attributable value, lending value according to BWG, lending value according to EVS, fair value, notional purchase costs, fixed price according to WGG, common value, individual value, partial value and existing construction value according to BauRG. Rough assessments of the value of a property due to incomplete findings, reduced expert opinion methodology and justification (such as short report, determination of value (valuation), expert opinion, Market value plausibility check, valuation for fee calculation) do not meet the requirements defined here for findings and opinions and are therefore not the subject of this Austrian Standard.