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 201
- Downloads 0
Vitality of degraded areas on the example of Katowice
The aim of this article is checking the possibility of attributing features of the vital city i.e. territorially creative actions leading to integration and sustainable development for the local community, the space and...
Planning tools – creating spatial policy in relation to the building of single-family and multi-family housing in selected communities of suburban city of Olsztyn
In recent decades, suburban, rural areas change their character from the agricultural function on the residential function. Social, economic and spatial factors influence the transformation of these areas. Of the facto...
The influence of urban centers on the development of investment areas
Suburban municipalities are heavily influenced by the nearby agglomeration. This is particularly evi-dent in their spatial policy. This analysis aimed to identify the influence of the distance from the city on the surf...
Determination of the verticality of the chimney on the basis of photogrammetric measurements
The article presents aspects of determining the verticality of a chimney based on photogrammetric measurements. The measurements were made using the LeicaGeosystems Scan Station P40 scanner.The scope of the...
Discrepancy of assessments in group decision making as important information in solving spatial conflicts
Making spatial decisions related to the allocation of management functions is associated with the issue of solving spatial conflicts. The determination of usefulness of land for a land use function applies geo-graphic in...