Mass Evaluation Pilot Study as Investment Courage

Mass appraisal directly depends on the quality, transparency, and efficiency of spatial planning, cadastre, and land registry records. Recent practice shows that the fair mass appraisal or evaluation systems are intended to reduce the investment risks and encourage investment climate and banks as well as other financial organizations to offer affordable financing options. In Croatia, there are initiatives to introduce such a system, but the infrastructure is not sufficiently developed to make the system in its full value. Regardless, the existing database is the most relevant for apartments, which can be analyzed as the starting point for such consideration. The authors theoretically describe basis and readiness for applying mass evaluation in Croatia, as well as its international models and experiences. The greatest benefit for investment courage would be widening mass evaluation on each type and location of buildings, but there is lots of research for choosing the right methodologies, prototypes, and impact factors to find any application in the real sector. Respecting this fact, this paper gives pilot study for further discussions and for defining new challenges regarding the theme. The main contribution of the paper is a proposed model and opportunities for mass evaluation of residential apartments and its impact on the investment climate in Croatia.