The Influence of the Environment on Real Estate Appraisal

The existence of adverse environmental conditions may reduce the value of a real estate property, so the appraisers must identify the factors and conditions that influence this value. One of the environmental factors that may influence the real estate value is climate. The paper presents the analysis of thermal comfort in a hot summer day, in the central area of Cluj-Napoca City. The results show an overview of the climate in this urban area in the mentioned period and can be used to analyse the best use of the property. In order to appraise a real estate property, the appraisers must take into account how the thermal comfort can influence the value of the real estate property.