1. European Real Estate Society 19th Annual Conference 13th-16th June 2012

2.  Abstract  While in early years of XX-s century famous Russian researcher Bakhtin started description of the chronotope then there do not exist any suggestion or reference that chronotope as a tool will appear on in the real estate environment and in this way will help us to draw down the value based life the property. The essential parts of the property on the one hand built up the real nature of the chronotope and on the other hand chronotope explain their dislocation and time based dynamic. Actually the time based dynamic of the different essential parts of property make us to link with the basic terms coding, overcoding, etc. founded by Umberto Eco, but their usage and clarification in spite the terms semiotics based foundation must wear also some characteristics of real estate, its nature and space. During the layout of chronotope the landscape and the artefact are both important so as on them lays rest of dynamic of markers that are illustrating the development of value.  Keywords: real estate space, chronotope, coding, nature, artefact 14-16.06.2012ERES 2012 # Kaarel Sahk # Chronotope and real estate aappraisal2

3. Introduction  It is also in use under name “Traditional and Non-traditional Tools for the Description of Space and Place”, perreviewed, co-autor Peeter orop from Tartu University, professor of cultural semiotics  Today is basic approach on the chronotpe  What it include in and?  What are loaded on it?  Contemporary and in future 14-16.06.2012ERES 2012 # Kaarel Sahk # Chronotope and real estate aappraisal3

4. Constant foundation - property  As to paying attention to the nature and structure of property in the context of development, or to its value and also the procedure of value estimation and to the all life cycle of it, therefore exists sufficiently constant indication of the term of property throughout the last two or three decades.  The first edition of the International Valuation Standards (IVS) in 1994 was not the first officially ordered paper where the definition of different properties was presented. For example, the USPAP was originally written in 1986-87 by an ad-hoc committee that represented the various professional appraisal organizations in the United States and Canada. 14-16.06.2012ERES 2012 # Kaarel Sahk # Chronotope and real estate aappraisal4

5. Stright link to valuation (appraisal)  1902 – Valuation of immoveable property in Livland or Legal act Valuation of real estate located out of cities and villages (1927)  Two books as a foundation of appraisal procedure, i.e as a time scale or chronotope as well.  The Appraisal of Real Estate by Frederick M. Babcock. B.S. New York The MacMillan Company,1924  Real Estate Valuation. A Statement of the Appraisal problem and a Discussion of the Principles Involved in the Development of Valuation Methods by Frederick M. Babcock. University of Michigan, 1932 14-16.06.2012ERES 2012 # Kaarel Sahk # Chronotope and real estate aappraisal5

6. Contemproray obcject of chronotpe - property  Real property that means a complete and full power over a thing, which is a real thing. The thing is a parcel of land and inseparable attachments of it.  Personal property that means a complete and full power over a thing that is not a real thing.  Business, that means an economical entity, that involves the things, rights and the obligations which are associated with the goal of current entrepreneurship  Financial interests, that is an independent right to receive revenue from the property involved in. (EVS 2005:8) 14-16.06.2012ERES 2012 # Kaarel Sahk # Chronotope and real estate aappraisal6

7. Some detailized approaches  Owner of the property is realizing property owner’s rights trough acting on the stage, which in the extensive approach is named ‘space’ and in the more particular level is called as a ‘place’  Chronotpe is a description of place, its past, its present and its future – if is available to forecast  Albert Camus, The Myth of Sisyphus, where the place as a complexity of various implications is constituted from three basic components:  the physical settings  the activities and  the meanings 14-16.06.2012ERES 2012 # Kaarel Sahk # Chronotope and real estate aappraisal7

8. Additional explainings according the subject  Jensen: “Place is a portion of geographical space. Sometimes defined as ‘territories of meaning’… ”  Pereira de Carvalho “For space, no less than time, is artfully recognized in cities: in boundary lines and silhouettes, in the fixing horizontal planes and vertical peaks, in utilizing or denying the natural site, the city records the attitude of a culture and an epoch to the fundamental facts of its existence”  The ontological features of real estate are its spatial and temporal dynamics 14-16.06.2012ERES 2012 # Kaarel Sahk # Chronotope and real estate aappraisal8

9. It is also important  Tuan “Analytical thought has transformed our physical and social environment”. Tuan tries to connect emotions and rational thinking.  But Tuan means us also an explanation of topophilia and topophobia.  Exists direct connection between the likeability of the place of habitation and personal satisfaction; topophilia correlates with the quality of life (Ogunseitan)  Term hybrid property must also be accounted 14-16.06.2012ERES 2012 # Kaarel Sahk # Chronotope and real estate aappraisal9

10. On the other hand – we deal with culture  Culture is the product of interacting human minds, and hence a science of culture will be a science of the most complex phenomenon on Earth. It will also be a science that must be built on interdisciplinary foundations including genetics, neuroscience, individual development, ecology and evolutionary biology, psychology and anthropology (Plotkin) 14-16.06.2012ERES 2012 # Kaarel Sahk # Chronotope and real estate aappraisal10

11. Analysis of the nature of different topologies 14-16.06.2012ERES 2012 # Kaarel Sahk # Chronotope and real estate aappraisal11 TOPOLOGIES NATURE ANALYSIS levels of analyzeidiotopyksenotopy TOPOGRAPHICAL CHRONOTOPE homotopy Synchronous parametric (disciplinary) analyses ENVIRONMENT Description Historical parametric (disciplinary) analyses PSYCHOLOGICAL CHRONOTOPE polytopy Actual aspects of identity SELF- DESCRIPTION(S) Dialogue Historical sources and boundaries of identity METAPHYSICAL CHRONOTOPE heterotopy Verbalisation Texts, artefacts VALUES: MODELS AND SELF-MODELS Expertise Imagination Performance, spectacle, event

12. Chronotopical theory of property 14-16.06.2012ERES 2012 # Kaarel Sahk # Chronotope and real estate aappraisal12 CHRONOTOPICAL THEORY OF PROPERTY Type of chronotope levels SynchronyDiachrony TOPOGRAPHICAL CHRONOTOPE Synchronous parametric (disciplinary) analyses ENVIRONMENT Disciplinarities: describing, actualising, explication, reconstruction Historical parametric (disciplinary) analyses PSYCHOLOGICAL CHRONOTOPE Actual aspects of identity SELF-DESCRIPTION Interdisciplinarity, multidisciplinarity: assumed, fixed, constructed, told, showed, presented Historical sources and boundaries of identity METAPHYSICAL CHRONOTOPE Verbalisation Texts, artefacts VALUES: MODELS AND SELF- MODELS Transdisciplinarity: researches position and methods, knowledge management Imagination Performance, spectacle, event

13. Conclusions  relatively broad approach  supplies the market professionals with the feedback of the analysis of the nature of different topologies.  workout of the chronotopical theory of property is new and fresh in its built up.  Noticeable is role of the individuality,  a man based approach of analyze that plays a spectacular chare while the psychological or metaphysical chronotope were represented. 14-16.06.2012ERES 2012 # Kaarel Sahk # Chronotope and real estate aappraisal13

14. Two more comments  While Marc Augé wrote about places as anthropologic places, he mentioned a description of place according the situation how it’s organized, i.e border between nature and artefact or linked with utilization of land, etc.  On the other hand paraphrasing forthcoming book of Merlin Coverley (The Art of Wandering: The Writer as Walker ), the real estate appraiser is also as a pilgrim or pedestrian, as a flâneur or stalker, who is mapping and recording new visions of the landscape and artefact, walking trough the appraisal procedure, doing it in this case from the viewpoint of value. 14-16.06.2012ERES 2012# Kaarel Sahk # Real estate appraisal development during the II independency 14

15. Some references 1. Augé Marc. Non-Places: Introduction to an Anthropology of Supermodernity, Cultural Studies Edition preprint Publisher Verso, 1995 2. Bazin, Laurent; Selim, Monique (2006) “Ethnography, culture and globalization: anthropological approaches to the market”, Critique of Anthropology, Vol. 26 No. 4, pp 437–461. 3. Capizzi, M.T. and Ferguson, R. (2005), "Loyalty trends for the twenty-first century", Journal of Consumer Marketing, Vol. 22 No. 2, pp. 72-80. 4. Bennett, Tony (2007). The work of culture. Cultural Sociology 1(1): 31–47. 5. Burgass, Catherine (1999) Challenging Theory: Discipline After Deconstruction. Aldershot, Brookfield, Singapore, Sydney: Ashgate. 6. Camus, Albert (1955) The Myth of Sisyphus. New York: Vintage Books 7. Lefebvre, Henri (2007). The Production of Space. Malden, Oxford,Carlton: Blackwell. 8. Mittelstrass, Jürgen (2001) On Transdisciplinarity. Science and the Future of Mankind. Vatican City: Pontifical Academy of Sciences, 495-500. 9. Ogunseitan, Oladele A. 2005. Topophilia and the Quality of Life. Environmental Health Perspectives 113:2, 143-148. 10. Plotkin, Henry 2001 Some Elements of a Science of Culture. Harvey Whitehouse (ed). The Debated Mind. Evolutionary Psychology versus Ethnography. Oxford, New York: Berg, 91-109. 14-16.06.2012ERES 2012 # Kaarel Sahk # Chronotope and real estate aappraisal15

16.  Author’s additional information: https://www.etis.ee/Portaal/isikuCV.aspx?Las tNameFirstLetter=S&PersonVID=43875&lang =en&FromUrl0=isikud.aspx https://www.etis.ee/Portaal/isikuCV.aspx?Las tNameFirstLetter=S&PersonVID=43875&lang =en&FromUrl0=isikud.aspx  E-mail address kaarel.sahk@emu.ee kaarel.sahk@emu.ee  Mail address Kreutzwaldi 5, 51014 Tartu Estonia 14-16.06.2012ERES 2012 # Kaarel Sahk # Chronotope and real estate aappraisal16

17. Thank you! 14-16.06.2012ERES 2012 # Kaarel Sahk # Chronotope and real estate aappraisal17

18. Questions please! 14-16.06.2012ERES 2012 # Kaarel Sahk # Chronotope and real estate aappraisal18

19. Science v.s.art 22.07.2011 19 BVC2011#Kaarel Sahk#Mutual recognation...

20. Is appraisal (valuation) an art or a science?  Valuation v.s. Appraisal  Art: thing in which skill may be exercised.  Science: systematic and formulated knowledge. Source: The Concise Oxford Dictionary 22.07.2011 20 BVC2011#Kaarel Sahk#Mutual recognation...