Abstract
For each market participant, knowing the value of the assets they manage is very important. Real estate is an essential group of such assets. Knowing their value determines the economic efficiency of decisions made on the real estate market. Real estate valuation is complex because the market is not transparent and is characterised by low information efficiency. The study hypothesised that it is possible to model risk in the real estate valuation process. The aim of the article is to identify and escribe the areas and sources of risk occurring in Polish valuation practice. A mixed research approach was used: literature research, questionnaire research and qualitative inference methods.