Browsing by Subject "areas of different land uses"

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Access status: Open Access ,
Parametric model of real estate valuation for land located in different land-use zones
(Wydawnictwa AGH, 2017) Bieda, Agnieszka
Various spatial planning conditions result in the establishment of lines delimiting specific land-use classes. These lines often cross cadastral boundaries. In this way, individual land properties may be located in different land-use zones. Since the land-use class is one of the attributes that signifi cantly influences the market value of real estate, it seems reasonable to verify whether the non-homogeneous land use of a property should be included in its valuation procedure in a special way. One of the options of special procedure in this case is dividing the transaction prices obtained for real properties similar to the one being valued (covered by different land-use zones) into components of those prices that correspond to fragments of the property that have different land uses. This procedure is made possible by some statistical models that can be used in a comparative approach. This paper aims to present the possibility of using a parametric model for the valuation of land properties located in different land-use zones and to verify whether it is reasonable to consider non-homogeneity in land-use classes when determining the value of land.