Methodology verification the impact of market features on the level of transaction prices and its application in land consolidation process
Journal Title: Acta Scientarum Polonorum Administratio Locorum - Year 2017, Vol 16, Issue 1
Abstract
Multifunctionality of rural areas in various sectors of the economy enforces the need to take into account this fact in the work of consolidation and exchange of land. The change of land ownership and land use is beneficial not only for the development of agriculture, but also on the development of non-agricultural functions of the area covered by consolidation. The basis for proper implemen-tation of consolidation and exchange of land is valuation of land free from errors and defects In the situation of increasingly growing real estate market also in terms of agricultural land, it is reasonable to use transaction prices to estimate land value for the needs of land consolidation and exchange. This solution facilitates the mutual settlements between the participants of consolidation, will allow the trade of land during the process of consolidation, and also will affect the accuracy of determining of the value of land owned by the participants of consolidation, especially in terms of the development of non-agricultural functions. The current regulations allow valuation based on transaction prices in a situation not specify the prin-ciples of respect for the participants merge. These regulations impose a significant limitation, howe-ver, it is the use of prices obtained for the sale of state-owned agricultural estates. So estimated value does not satisfy signs of market value.The research undertaken in the work carried out in the area of an agricultural nature confirms the thesis that the volatility of transaction prices of agricultural properties is caused by the characteristic features of the local real estate market. To avoid errors of faulty valuation of the property due to incor-rect indication of the number and types of features deciding on the volatility of prices, it is necessary to carry out their verification.
Authors and Affiliations
Monika Siejka
Keywords
Related Articles
- EP ID EP682941
- DOI -
- Views 182
- Downloads 0
opportunities of financing local spatial development plans from private resources – the study in terms of Poland and the Slovak Republic
The subjects concerning possible participation of entities different from local government units in costs of local planning in Poland as well as legal financing resources of local plans in Poland and Slovakia were cons...
Social infrastructure of burial nature in Poland by voivodeships – conditions and changes
Eurostat and the Central Statistical Office (GUS) forecasts predict that the demographic aging rate will have doubled by 2050. The consequence of this situation will be an increasing death rate and a dynamic increase i...
Long term actions of community authorities that affect the socio-economic development on example of Dobra Szczecińska community
The purpose of the article is to find an answer to the question whether the community authorities of Dobra contribute to the socio-economic development and the improvement of the life of the inhabitants of this region....
Use photogrammetric data in agricultural-arrangement works
Arrangement-agricultural works including land consolidation process enable comprehensive rural areas development. However, these procedures are complicated, laborious and time-consuming. To properly plan the tasks that...
A counteraction of floods’ effects in the Lewin Brzeski urban-rural municipality
The article answered in the affirmative to the research question ‘Is counteracting the effects of natural disasters in the area of the Lewin Brzeski urban-rural municipality, effective in terms of available human resou...