Abstract
The increasing interest on the part of institutional investors in the yield potential of real estate assets highlights the importance of effective criteria for evaluation. Each segment of real estate needs its own appraisal procedure, which is determined according to the intended use of the property: residential, tertiary/offices, special use property. Special use properties are characterised by their individual nature, their particular intended use. They include university buildings, hospitals and barracks. These are all segments which are impossible to assess using criteria based on comparable sales or income capitalisation. Institutional investors are now particularly interested in asset divestment by the State and public bodies. The low level of risk of this kind of investment is likely to be particularly attractive to institutional players and could represent a good opportunity to revive the real estate market.