To see the other types of publications on this topic, follow the link: The land price method of valuation.
Journal articles on the topic 'The land price method of valuation'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 journal articles for your research on the topic 'The land price method of valuation.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.
1
Maleta, Monika. "Methods for Determining the Impact of the Temporal Trend in the Valuation of Land Property." Real Estate Management and Valuation 21, no. 2 (June 1, 2013): 29–36. http://dx.doi.org/10.2478/remav-2013-0014.
Full textAbstract:
Abstract The presented case study is to provide various methods of determining the impact of the time trend on the changes in transaction prices of undeveloped land properties. The basis for each property valuation is an analysis of the local market, where the valued property is located. This analysis lies in the implementation of activities related to determining the trend of changes in the prices of real estate and their update on the valuation date, as well as in determining the impact of the various attributes of a property on the formation of a unit transaction price. The valuer making a valuation of a property is required to take into account the changes in price which occur as a result of the passage of time. The price adjustment is done properly if all the changes in price during a certain period of time are taken into consideration. In order to determine the trend of transaction prices, one can use: - a method of comparing property prices by similar pairs, - linear and nonlinear additive models, - nonlinear multiplicative models (e.g., in the form of a multiplicative exponential function, power). The choice of the right method of updating transaction prices depends on the sample size adopted for the analysis of the real estate market. It is also crucial to select the right representative real estate database that best reflects the tested reality. A practical and theoretical research method of the time trend was developed using undeveloped land property price data. An analysis of determining the impact of time on real estate prices has been presented using each of the above mentioned mathematical models. The object of the study was the local market of undeveloped land properties, including sale and purchase transactions conducted in Stoczek Łukowski. A merit analysis of the methods used and a comparison of the obtained results have also been provided.
2
Nguyen, Ngan Truong, Tam Thi Giac Pham, Tu Cong Tran, and Thanh Cong Tran. "Applying eco-services in smallholder rubber land valuation." Science and Technology Development Journal 19, no. 2 (June 30, 2016): 105–12. http://dx.doi.org/10.32508/stdj.v19i2.674.
Full textAbstract:
Ecosystem services (ES) are the benefits people obtain from ecosystems. Agricultural lands are artificial ecosystems. Therefore, the value of an agricultural land use type can be measured by the total value of ESs which human are getting on that type. This paper proposed to value agricultural lands by the ES approach and apply for the smallholder rubber ecosystem on the Suoi Rat watershed in Binh Phuoc province. The results are: selection and pricing the nine ESs in 40 sample plots; determining the total value in each plot, thereby, calculating the unit value of smallholder rubber land in the watershed is 96,570 VND/m2; comparing the result with the value get from the income method and land price in 2014 of Binh Phuoc province. This valuation methods can be applied to value for other agricultural lands
3
Zhuk, Valeriy, and Yulia Bezdushna. "Priority approaches for assessment of land assets in agriculture." Environmental Economics and Sustainable Development, no. 7(26) (2020): 68–76. http://dx.doi.org/10.37100/2616-7689/2020/7(26)/9.
Full textAbstract:
The publication focuses on prioritizing approaches to fair (market) valuation of agricultural land in financial and statistical reporting, as a factor in pricing its market turnover and capitalization in Ukraine's national wealth. Types of land valuation that are differentiated according to the purpose, methodology and purpose of the results are generalized. The procedure of soil boning, economic, regulatory and expert monetary evaluation of land plots is described. Priorities in approaches to land valuation for different purposes have been identified. It is concluded that the income approach, in particular the method of direct capitalization of rental income, is a priority in the assessment of agricultural land. Indicators for estimation of arable land by the method of capitalization of rent income, the procedure of their calculation of the source of information that we used in the process of testing these methodological approaches on a scale of Ukraine are generalized. A methodology for valuation of agricultural land for financial reporting purposes is proposed. The mechanism of introduction of the system of sectoral land valuation system, which is formed as an industry portal and functions under the regulatory and methodological support of state regulatory institutes with the aggregation of the available and most effective valuation methods and statistical databases, is substantiated. It is concluded that such a mechanism, with appropriate tools, will facilitate the capitalization of key domestic national wealth – agricultural land and provide for the possibility of price regulation of minimum and maximum prices when opening the relevant market. The priority approach to the assessment in this mechanism identified one that provides consideration of the value and market factor and the natural fertility and economic efficiency of the Ukrainian black earth.
4
Lee, Changro. "PREDICTING LAND PRICES AND MEASURING UNCERTAINTY BY COMBINING SUPERVISED AND UNSUPERVISED LEARNING." International Journal of Strategic Property Management 25, no. 2 (February 23, 2021): 169–78. http://dx.doi.org/10.3846/ijspm.2021.14293.
Full textAbstract:
Despite the popularity deep learning has been gaining, measuring the uncertainty within the result has not met expectations in many deep learning applications and this includes property valuation. In real-world tasks, however, rather than simply requiring predictions, assurance of the certainty of the predictions is also demanded. In this study, supervised learning is combined with unsupervised learning to bridge this gap. A method based on principal component analysis, a popular tool of unsupervised learning, was developed and used to represent the uncertainty in property valuation. Then, a neural network, a representative algorithm to implement supervised learning, was constructed, and trained to predict land prices. Finally, the uncertainty that was measured using principal component analysis was incorporated into the price predicted by the neural network. This hybrid approach is shown to be likely to improve the credibility of the valuation work. The findings of this study are expected to generate interest in the integration of the two learning approaches, thereby promoting the rapid adoption of deep learning tools in the property valuation industry.
5
Gdakowicz, Anna, and Ewa Putek-Szeląg. "The Use of Statistical Methods for Determining Attribute Weights and the Influence of Attributes on Property Value." Real Estate Management and Valuation 28, no. 4 (December 1, 2020): 33–47. http://dx.doi.org/10.1515/remav-2020-0030.
Full textAbstract:
AbstractDetermining the impact of individual attributes on the value or price of real estate in business practice poses many problems. One of the solutions to this problem is the use of statistical methods. The article proposes correlation coefficients (and their partial modifications) that can be used to determine the impact of selected features on the value of real estate. In addition, several procedures were taken into account for the factors in further calculations, using different methods for determining weights. Empirical verification of the proposed solutions was based on the mass valuation of land properties. The obtained results were compared with valuations developed by property appraisers and valuation errors were calculated. Based on valuation errors, the proposed methods of calculation procedures were ranged, indicating those which provide results closest to the individual valuations carried out by property appraisers.
6
Mesel-Veseliak, Viktor, and Mykola Fedorov. "Methodical approaches to the definition of monetary valuation of land." Ekonomika APK 318, no. 4 (April 28, 2021): 18–23. http://dx.doi.org/10.32317/2221-1055.202104018.
Full textAbstract:
The purpose of the article is to reveal the main methodological and methodical principles of the monetary valuation of agricultural land, which is widely used in the agricultural sector of the economy and needs to be improved, given the current changes. Research methods. The study is based on theoretical, methodological and methodical provisions for determining the criteria for land valuation as the main means of agricultural production, the formation of rental income on different quality soils and their location. Achieving this goal is ensured by the usage of modern general scientific methods and research techniques. Research results. Various methodological approaches to determine an indicator of normative monetary valuation of land were developed. The solution to this problem is seen in the application of an indicator of economic effect obtained from the usage of land plots of better quality, as well as their favourable location. The economic effect indicator is a differential rental income obtained in the production of grain (excluding corn). The assessment of the worst lands with no differential rental income is carried out on basis of an absolute rental income (absolute rent). Scientific novelty. Theoretical and methodological basics and methodical definition of the monetary valuation of agricultural lands were developed, according to which their monetary valuation in Ukraine was carried out. Practical significance. The study results are used in the regulation of land relations in agriculture through the improvement of tax, price, financial and credit mechanisms. They become especially important with the introduction of the land market. Tabl.: 1. Refs.: 16.
7
HUBAR, Yu, V. SAI, O. HULKO, and A. MARCHENKO. "Current state of development of agricultural land assessment methods." Modern achievements of geodesic science and industry 42, no. II (September 1, 2021): 118–26. http://dx.doi.org/10.33841/1819-1339-2-42-118-126.
Full textAbstract:
Purpose of this research is to improve the methods of valuation of agricultural land. Today, the moratorium on the purchase and sale of agricultural land has been lifted and sale of agricultural land is increasingly raised and therefore the problem of establishing an objective (market) price for agricultural land is relevant, because increasing the level of their use is an objective necessity and condition for the gradual development of society [Hubar Yu., 2020]. Methodology. A significant contribution to the study of the theory and methods of land valuation was made by A. S. Danilenko, Yu. F. Dekhtyarenko, Yu. P. Hubar, A. G. Martin, M. G. Stupen, A. M. Tretyak, G. V. Cherevko. Instead, the formation and improvement of methodological bases for the monetary valuation of agricultural land paid attention to G. D. Gutsulyk, D. S. Dobriak, О. S. Dorosh, O. F. Kovalishin. Emphasis was placed on the shortcomings of the economic assessment conducted in the Soviet period I. K. Bystryakov, S. I. Doroguntsov, Hubar Yu. P., A. M. Tretyak, M. A. Hvesyk and others. However, despite the considerable amount of scientific research in which the land was considered a means of production, tools and objects of labor (which in the current environment is insufficient), little studied and debatable are the value of land as a whole system with all its properties. This is due to the fact that agricultural land is mostly assessed differently according to the available dominant indicators (yield, value of gross output). This does not build a hierarchy on the importance of other indicators. The complexity and versatility of the problem of land valuation require the continuation and deepening of scientific research in this area. Results. The study is based on the general principles of economic and mathematical modeling, mathematical statistics, econometrics, basic and applied research. The information base of the research consisted of scientific works of domestic and foreign scientists in the field of real estate appraisal, land and city cadastres, statistics, ecology. The issue of land pricing is complex and multifaceted, the development of the land market depends on its solution. Therefore, further research should be aimed at improving the valuation of agricultural land. This process should be based on state service, taking into account the economic and political situation. This will ensure after the lifting of the moratorium on the disposal of agricultural land, the creation of a competitive environment in the land market, the objectivity of the assessment and increase the flow of funds to the state budget. Scientific novelty and practical significance. The performed researches will allow to improve the quality of determining the market value of agricultural lands for further development of land reform in Ukraine. The most important results of the study are: generalization of scientific provisions for the implementation of land valuation works and methodological approaches to determining the value of agricultural land; highlighting the disadvantages and advantages of modern methods of agricultural land valuation; proving the importance of taking into account environmental factors in the assessment of land arising from the activities of agricultural production; substantiation of the need to assess land plots with a set of physical properties of soils and spatial conditions of their implementation; development of methods for assessing the normative yield of grain crops on the basis of dynamic and statistical simulation modeling and software for its spatial implementation. It is established that the use of market-based prices will allow to make informed management decisions during the implementation of land reform in Ukraine. Individuals and legal entities on the basis of the proposed developments will be able to assess the investment attractiveness of agricultural land.
8
Renigier-Biłozor, Małgorzata, and Maurizio d’Amato. "The Valuation of Hope Value for Real Estate Development." Real Estate Management and Valuation 25, no. 2 (June 27, 2017): 91–101. http://dx.doi.org/10.1515/remav-2017-0016.
Full textAbstract:
Abstract In the valuation of a property subject to development, the valuer may consider the potential aspect of the value of both land to be improved and a building to be refurbished. These kinds of valuations are complex, especially when a prudent assessment of value is required. In general terms, all properties may have potential development which, in some cases, can be termed “hope”. In particular, uncertainty regarding the change in the legal framework may create expectations as to the uncertain variation of property value in the future. In these cases, it may be necessary to deal with hope value or future value, trying to reach the value of a property subjected to uncertain changes. Hope value is the difference between the existing use value and the price that the market might pay for future transformation. The main aim of the paper is the elaboration of a methodology to determine the hope value. In this work, a real option model for the valuation of hope value in the real estate market will be applied to a small sample of residential properties located in Olsztyn that are subject to possible transformation. The possibility of a transformation may create expectations and may influence the value of the property. Although the applications of these methods to real estate valuation are fairly recent, the International Valuation Standards have included real option theory in the income approach as a valuation method since 2011.
9
Bergstrom, John C., B. L. Dillman, and John R. Stoll. "Public Environmental Amenity Benefits of Private Land: The Case of Prime Agricultural Land." Journal of Agricultural and Applied Economics 17, no. 1 (July 1985): 139–49. http://dx.doi.org/10.1017/s0081305200017155.
Full textAbstract:
AbstractFailure of land markets to account for environmental amenity benefits may lend support to public policies to protect agricultural land. The contingent valuation method is employed to estimate willingness to pay for such amenities in Greenville County, South Carolina. Marginal household amenity benefits were estimated at $.06 per thousand acres using a payment card in a mail survey with 53 percent response. Bid payment vehicle was found not to significantly influence bids received. The informational structure of the contingent market was found to influence valuation responses, reinforcing the hypothesis that respondents react to alternative contingent market structures. The relationship between contingent market structure and directional effects upon responses is an important area for future research.
10
NGUYỄN QUỲNH, HOA, and NGUYỄN THẠCH. "Mass Appraisal of Land Value by Regression Model." Journal of Asian Business and Economic Studies 216 (April 1, 2013): 146–60. http://dx.doi.org/10.24311/jabes/2013.216.08.
Full textAbstract:
Land is always an extremely important resource to all countries. In managing this limited natural resource, land valuation for the purpose of determining financial obligation for users of land is a crucial issue for governments. This paper presents a method of land valuation based on a regression model that allows approaching market prices of land in a region or district. The research uses data of a survey of 600 samples in HCMC, comprising 318 street-fronting real properties and 282 ones in alleys. Two regression models are developed to conduct valuation of those two kinds of land (street fronting and alley fronting pieces of land). The research results can be used for managing stocks of land and determining financial obligations of land users in HCMC.
11
Malienė, Vida, Edmundas K. Zavadskas, Artūras Kaklauskas, and Saulius Raslanas. "PROPERTY VALUATION BY MULTIPLE CRITERIA METHODS/NEKILNOJAMOJO TURTO VERTINIMAS DAUGIAKRITERINIU METODU." JOURNAL OF CIVIL ENGINEERING AND MANAGEMENT 5, no. 4 (August 31, 1999): 272–84. http://dx.doi.org/10.3846/13921525.1999.10531475.
Full textAbstract:
Multiple criteria valuation methods are widely used in real estate valuation all over the world. In USA, UK and other countries these methods are part of techniques based on comparative and reinstatement values as well as on income of use. They are used in valuating various property characteristics, ie its location or obsolescence degree. In Germany, however, multiple criteria valuation technique refers to a separate group of property valuation methods applied when market data are unavailable or insufficient (ie purchasing, selling or renting prices are not known). The above methods have been used for real estate valuation since 1976. Dr. H. E. Auerhammer [1] was the first to apply these approaches to solving real estate valuation problem caused by the scarcity of market data. These methods supplemented with systems of criteria developed by other authors were later applied to particular cases when three major commonly used property valuation methods could not be applied. Thus, K. Gablenz [2] suggests using the method described in assessing plots intended for agriculture, while B. Bischoff [3] offers to use it for determining the investments into plots. R. Vogel [4] thinks that the approach may be used for determining the approximate value of land, whereas G. Sommer and P. Zimmermann [5] and Piehler [6] developed a system of criteria to be used as a part of the method described in determining the differences between the value of quantitative and qualitative characteristics of an object and its market value. T. Gierardy and R. Moeckel [7] described the advantages and disadvantages of methods based on multiple criteria analysis. The above methods are widely used in Germany for property valuation, the peak of their application being associated with the unification of East and West Germany in 1990 [8]. Multiple criteria analysis presented in this paper for property valuation may be used to the advantage of various interested parties (see Fig 1). The representatives of various parties including appraisers, buyers, sellers and investors may use it for their particular purposes: appraiser may apply this method to real estate value analysis for determining the market, use and other values of real estate being mortgaged, ensured, privatised, divided or nationalised; investor may rely on it for more efficient use of this property; buyer may use it for choosing property which would satisfy his personal needs to the best advantage; seller has to determine the market price of his property that would ensure its competitive ability on the market. To satisfy all the needs described multiple criteria valuation method presented in the paper may be successfully used. To show its efficiency the solution of a sample problem, representing a real case is provided.
12
Thanasi (Boçe), Marsela. "Hedonic appraisal of apartments in Tirana." International Journal of Housing Markets and Analysis 9, no. 2 (June 6, 2016): 239–55. http://dx.doi.org/10.1108/ijhma-03-2015-0016.
Full textAbstract:
Purpose The approved methodology of property valuation in Albania evaluates the reference property prices based on the average contractual price of properties sold and takes into account only factors such as price, square meters of living and location of property. Simple method is the one used on evaluating the reference price for a group of properties with similar characteristics. The purpose of this study is, by building a hedonistic pricing model for apartments in Tirana, to prove empirically that in addition to location, there are other characteristics that affect the value of apartments. Design/methodology/approach The capital city is chosen as a case study for the construction of a hedonistic pricing model. In the database were included detailed characteristics of 1,421 apartments. Multiple regression analysis was chosen in this model as a method to test hypotheses about the causal relationship between house value Y and independent variables XS, representing the characteristics of the property. Population equation parameters β0, β1, β2 […], βn. were evaluated by the ordinary least squares method. Selection of α-standard is 5 per cent, taking into account the significant number of observations and the degree of regression freedom. Findings Based on this study, it was proved empirically that the characteristics of the apartments as square meters of living, number of rooms, access to parking, furniture, view and surface of living affect their price. As a literature review showed, location is the most important variable that affects the value. Results showed that the marginal effect that the number of rooms has on the apartment value depends on the square meters of living of the apartment. In the same line, the effect of the square meters of living on value depends on the square meters, as the relationship between these variables is nonlinear and depends more on the number of rooms. Research limitations/implications It was impossible to find the information on property sales contracts. That is why this study was oriented toward the market and took into account the properties offered for sale at one of the biggest real estate agency “Çelësi”. More accurate information regarding properties characteristics could be obtained. The information was limited and depended on the best apartment characteristics that potential sellers wanted to advertise. On the other side, contractual sales price is oriented by the reference price, so, the applied methodology has resulted in better evaluations of real estate prices, which reflect the market price. Practical implications This study is conducted as an applicable research. After analyzing the property valuation system in Albania, the study recommends the change of the method used on apartment valuation. Improvement of the property valuation system requires first of all creation of a complete and updated database for all real estate sales. Social implications Property valuation is a very important function of the land administration system which directly affects people’s life. Property evaluation for different purposes like tax evaluation, compensation and expropriation is a process that must be designed using an equal, transparent and well-accepted methodology by all. Promotion of property valuation system development is helpful to various interest groups in society, as it can reduce the risk of investment in this sector and encourages lower rates of interest on loans. Originality/value To the author's knowledge, the hedonic model is not applied on the Albanian housing market, thus providing encouragement to deepen the study in this regard. The study is original and has a very important impact on policymakers to change the actual property valuation methodology to obtain more accurate property values.
13
Egbenta, Idu Robert, and Francis P. Udoudoh. "Compensation for land and building compulsorily acquired in Nigeria." Property Management 36, no. 4 (August 20, 2018): 446–60. http://dx.doi.org/10.1108/pm-12-2017-0067.
Full textAbstract:
Purpose Valuation for compensation on land and buildings compulsorily acquired for public purposes is statutory. The Land Use Act (LUA) of 1978 now cited as Laws of the Federation of Nigeria, CAP l5 LFN 2007, stipulates the use of Depreciated Replacement Cost (DRC) Method in the valuation for compensation purposes for building and installation. The purpose of this paper is to criticize the application of the DRC technique in the valuation by acquiring authority as it does not arrive at fair market value and adequate compensation in Nigeria. Design/methodology/approach The method adopted for the study was a case study of real world valuation for compensation. Data used in the study were gathered mainly from government ministries and agencies responsible for land acquisition and compensation purposes. They included the Ministry of Lands and Housing, Land Use and Allocation Committee, and Ministry of Works and Transport. Market data on rental value, sales prices and other relevant data were collected from firms of professional that deal in real property. Findings The result of the study reveals that valuation by acquiring authority using DRC methods as prescribed by the LUA does not reflect market value and it is inadequate to put the claimants in the position they were before the acquisition. As such, most victims expressed dissatisfaction with the amount paid to them, which sometimes result to crisis, conflict and prolonged litigation, resulting in delay in executing or abandonment of the intended project. Research limitations/implications The study is limited to only one case study on acquisition and compensation for land and buildings with particular reference to Akwa Ibom State. This limitation does not invalidate the result as the law is applicable to the whole country. Practical implications The implication is that the LUA needs to be review to fair market value as basis of valuation and payment for site value as well as the constitution to add “adequate” to Section 44 (1a). This will reduce the incidence of many communities and land owners protest against the decision of government or its agents to acquire their land for public purposes. Originality/value The methodology meets the requirement of the law regarding compulsory land acquisition and compensation in Nigeria: The LUA of 1978. Using three scenarios: the valuation by acquiring authority, claimant’s valuers and independent valuers to illustrate the critique of the methodology, the result shows the inadequacy of compensation.
14
Barańska, Anna, and Beata Śpiewak. "The Influence of Chosen Statistical Methods of Detecting Outliers on Property Valuation Result." Real Estate Management and Valuation 29, no. 1 (March 1, 2021): 87–97. http://dx.doi.org/10.2478/remav-2021-0008.
Full textAbstract:
Abstract The subject of the thesis concerns the application of selected statistical methods searching for outliers in the process of determining the value of real estate, based on a functional model adjusted to market data. The collected research material consisted of data on land properties, which were the subject of transactions on local markets, for which there was no information regarding the specific conditions of concluding the sale agreement. After the initial selection of data regarding the purpose of the property in the local plan, the type of property rights being sold and the size of the shares sold - a functional model was adjusted to the obtained data, showing the relationship between the price being the dependent variable and the features of the property being the independent variables. Then, two statistical methods of searching for outliers which are significantly different in their algorithms, i.e. Cook’s distance and robust estimation method called Pope’s method, were applied to each model. The last stage was to determine the model values of selected properties and to compare the obtained results with the known transaction prices of the parcels being the subject of the valuation. The conducted research allowed for the verification of the influence of significantly different statistical methods searching for outliers on the property valuation result and its accuracy.
15
Matějík, M. "Calculus of variations and its application to division of forest land." Journal of Forest Science 50, No. 9 (January 11, 2012): 439–46. http://dx.doi.org/10.17221/4639-jfs.
Full textAbstract:
The paper deals with an application of the least squares method (LSM) for the purposes of division and evaluation of land. This method can be used in all cases with redundant number of measurements, in this case of segments of plots. From the mathematical aspect, the minimisation condition of the LSM is a standardised condition ∑ pvv = min., minimising the Euclidean norm ||v||<sub>E</sub> of an n-dimensional vector of residues of plot segments at simultaneous satisfaction of the given conditions. The traditional procedure of calculus of variations with the use of Lagrangian function is shown. If some additional conditions are included in the calculation, on the basis of the criteria presented in this article it is possible to evaluate the degree of deformation of the selected solution in relation to the measured quantities. The application of the method of adjustment of condition measurements may help solve the problems of parcel division on the basis of intersection of the parcel layers according to the real-estate cadastre and according to previous land records, valuation, typological, price and other map sources.
16
Bykowa, Elena, Maria Hełdak, and Julia Sishchuk. "Cadastral Land Value Modelling Based on Zoning by Prestige: A Case Study of a Resort Town." Sustainability 12, no. 19 (September 24, 2020): 7904. http://dx.doi.org/10.3390/su12197904.
Full textAbstract:
The article discusses cadastral land valuation in Russian resort towns, a procedure flawed by the fact that it does not take into account territorial prestige. Researchers in Russia and other countries state that it is essential to redistribute the land tax burden as the current situation creates tax injustice, which is reflected in the undervaluation of prestigious areas and the overvaluation of non-prestigious ones in resort towns. Competition for the most prestigious areas in such towns mainly stems from the opportunity for landowners to earn higher rental incomes during the high season. In view of this, the study aims to provide a method for cadastral land valuation in resort towns based on zoning by prestige. The application of the proposed method is demonstrated using the town of Anapa (a Russian resort town by the Black Sea) as a case study. The method is based on several research and analysis methods, including the following: the analytical method, which is used for a preliminary analysis of urban areas to identify the most attractive parts of resort towns; a modification of Saaty’s methodology combined with Pareto analysis, which is used to identify criteria for assessing how prestigious and important a part of the town is; cluster analysis, which is used for ranking areas in resort towns; correlation and regression analysis, which is used for land valuation modelling. The article describes the key criteria for ranking areas in resort towns by prestige, gives a definition of prestige applied to resort town districts, and proposes an equation for calculating the integral indicator of prestige and a method for assessing prestige. The validity of the prestige map that was created for the town of Anapa was proved by analyzing the average market prices for land plots located within the identified zones. The cadastral land valuation models describing land plots in Anapa that are intended for private housing construction can be correctly interpreted and are of acceptable quality.
17
Gaca, Radosław. "Parametric and Non-Parametric Statistical Methods in the Assessment of the Effect of Property Attributes on Prices." Real Estate Management and Valuation 26, no. 2 (June 1, 2018): 83–91. http://dx.doi.org/10.2478/remav-2018-0018.
Full textAbstract:
Abstract One of the basic problems in the comparison-based property valuation process is to determine the influence of property attributes on their price differential. Due to the qualitative character of the majority of property attributes as well as to the distributions of both prices and attributes, their effect on the price differential is increasingly often assessed by means of non-parametric statistical methods. As a tool for determining the effect of attributes on prices, many authors propose parametric methods, in particular multiple regression models. The study presents a comparison of the results of property market attribute weight estimation obtained by means of the Spearman rank correlation coefficient with the ceteris paribus adjustment and the multiple regression model based on a set of transactions with built-up land property. In both of the analyzed methods, qualitative variables were modeled with the use of the Osgood semantic differential scale. The results of the analysis show the equivalence of the applied methods. Property attribute weights calculated using the method based on the rank correlation coefficient with the ceteris paribus adjustment and the multiple regression model, both with the same level of relevance, showed almost identical values. This indicates that both parametric and non-parametric methods can be used to estimate weights.
18
Dong, Jia Hua, and Da He Jiang. "Modification and Application of Valuation Methods for the Value of Ecosystem Services." Advanced Materials Research 869-870 (December 2013): 665–69. http://dx.doi.org/10.4028/www.scientific.net/amr.869-870.665.
Full textAbstract:
Based on parts of R. Costanzas results of ecosystem services value, this paper mainly discusses the calculative method for the value of natural ecosystem services. Appling some relative research and used substitution cost methods, prevented cost methods, shadow price methods, indirect market methods to estimate influences on constructive land ecosystem services in order to provided the basis for modification of atmosphere and climate and applying substitution cost methods to estimate the values of water regulation. By taking Taicang county in Jiangsu province as an application example, by identifying the functions of ecosystem services within this zone, and by calculating the value of ecosystem services through different years in the whole region , the annual tendency was then analysed. The results indicate that unmodified eco-service value represent theoretical levels of eco-service value, and can not show the changes of the ecosystem as a result of outside influences. But when the degree and size of influences on ecosystem by human activities on the constructional land are taken into account, and the eco-services values are considered as the results of original eco-service value plus outside influencing actions, the modified valuation methods for eco-service Values seem fairly suitable for the ecosystem itself and for the actual eco-service values shown by the ecosystem.
19
Palamar, A. Yu, and Ya V. Osipenko. "ANALYSIS OF INSTALLATION OF MARKET VALUE OF LAND INDUSTRY OF INDUSTRIAL PRODUCTION." Metallurgicheskaya i gornorudnaya promyshlennost, №5, 2018, no. 5 (October 2018): 88–93. http://dx.doi.org/10.33101/s005-3867549.
Full textAbstract:
Purpose: 1) to study the concept of wear in the theory of valuation of real estate; 2) analyze the main types of wear and methods of their assessment; 3) to analyze the requirements for the procedure for determining the technical condition of residential buildings when planning and designing repairs; 4) analysis of the reconstruction and technical inventory of the commercial real estate object; 5) in the given example, determine the accumulated depreciation of the real estate by the method of partitioning. Methodology. Many different methods of estimating the value of real estate have been developed, which shows the importance of this task. However, the practical application of existing techniques is problematic. Most of them follow the international practice of evaluation without taking into account the specifics of legislation and the existing conditions of the economic, urban, political and social life of Ukraine. Findings. Thus, the development of the theoretical foundations of real estate valuation, the improvement of its methods, and the implementation of applied research seem rather relevant and practically significant for land management of settlements. Originality consists in the following: the analysis of the best and most efficient use of the land plot; the calculation of the value of the object of valuation by three independent methods of valuation has been made, namely: the method of taking losses into land improvements; income distribution method; the method of comparing the prices of sales of real estate. Practical value. To date, the situation of the domestic assessment school should be considered as being in the period of formation. A large number of modern methodological developments are based on the theory and practice of assessing foreign developments. Many different methods of estimating the value of real estate have been developed, which shows the importance of this task. However, the practical application of existing techniques is problematic. Most of them follow the international practice of evaluation without taking into account the specifics of legislation and the existing conditions of the economic, urban, political and social life of Ukraine. Keywords: estimation, real estate, tax, rent, foreign experience, land market, land payments
20
Varchenko, O. M., I. Svinous, D. Kachan, S. Khomovyi, and M. Khomovju. "Methodical approaches to the assessment of the reproduction of the agricultural enterprises material and technical base." Ekonomìka ta upravlìnnâ APK, no. 1 (155) (May 21, 2020): 47–55. http://dx.doi.org/10.33245/2310-9262-2020-155-1-47-55.
Full textAbstract:
The signifcance of the evaluation of the logistical base of agricultural enterprises in the accounting system is revealed in the article. Research methods have been described and alternative approaches to inventory valuation by national and international accounting standards have been investigated, and it has been identifed that there are some inconsistencies in the formation of inventory values at the date of receipt, disposal and balance sheet date. The main features of organization of accounting of land plots in agricultural enterprises are established. To determine the value of the land previously used by the enterprise (for example, on certifcates of ownership and use), we propose to use in the current accounting the estimated value of the land, which is based on the regulatory monetary valuation, determined by differential rental income. It has been found that an integral part of a biological transformation is the assessment of changes in a biological asset, which includes measuring and controlling changes in quality (fat content, protein, fber strength, etc.) or quantity (breeding, weight, etc.). In the course of the research it is determined that the process of accounting and valuation of biological assets at fair value should include such steps as: defning biological assets as an object of accounting according to their classifcation; specifcation of biological assets by species, cultures, rocks and other defning features; active market research and price information and technical and economic information collection; selection of biological asset valuation methodology; the calculation of the fair value of biological assets in accordance with the methodology adopted. An examination of the IFRS 13 "Fair Value Measurement for the measurement of biological assets at fair value" has shown that it should be made from the perspective of all market participants and the market environment should be assigned to the entities themselves. This will take into account the differences that exist between them, as they differ not only in terms of quality but also in the types of economic activity. In order to improve the investment attractiveness of enterprises, it is advisable to evaluate agricultural organizations' land resources according to International Accounting Standards, which provide for fair value. Valuation of assets and liabilities at this cost will increase the transparency of the fnancial statements and the reliability of the information on the fnancial and economic activities of the entity. In addition, in the analysis of fnancial and economic activity of enterprises of the corporate sector of the agrarian economy, a real assessment of land resources will have a positive impact on the normative indicators of liquidity and fnancial stability, which is especially important in the conditions of fnancial crisis and growing need for investment. Key words: material base, resources, inventories, fxed assets, reproduction process, market value, fair price, land valuation, accounting efciency.
21
He, Yue Yun, Xiong Zhi Xue, and Hao Kong. "The Application of Costs and Benefits Analysis in Coastal Land-Reclamation." Advanced Materials Research 518-523 (May 2012): 5232–37. http://dx.doi.org/10.4028/www.scientific.net/amr.518-523.5232.
Full textAbstract:
Today, the coastal areas of the world amounting to nearly 10% of the total world’s land area, supports nearly half of the world’s human population. This causes serious population pressure and environmental problems. To reduce the pressure of land scarcity, cities along the coastal land are now paying their attention to land reclamation. Although land reclamation results in significant benefits to the coastal cities, it simultaneously causes serious environmental problems. Therefore, satisfactory management of reclaimed land is a big challenge which governments are now facing. Based on economics, this article presents some economic means to efficiently manage coastal areas. Integrating the costs-benefits analysis and input-output table, this paper builds the “costs-benefits analysis system”, and provides the models of estimating the value of some main aspects of the costs. Through outcome consult method, shadow price, TCM (Travel Cost Method), CVM (Contingent Valuation Method) and other methods, one can appraise the ecological damage in monetary terms, which allows to transform questions of “yes” or “no” into questions of “more” or “less”, one can easily judge the feasibility of this project in terms of social benefits. Using this costs-benefits analysis system to assess the land reclamation in Gulei port, Zhangzhou, China, the outcome showed that the total costs were almost 3.4 times more than the benefits, meaning that it is really not beneficial to construct the project from economics point of view.
22
Atmaja, T., M. Yanagihara, and K. Fukushi. "GEOSPATIAL VALUATION OF URBAN FARMING IN IMPROVING CITIES RESILIENCE: A CASE OF MALANG CITY, INDONESIA." ISPRS - International Archives of the Photogrammetry, Remote Sensing and Spatial Information Sciences XLIII-B5-2020 (August 24, 2020): 107–13. http://dx.doi.org/10.5194/isprs-archives-xliii-b5-2020-107-2020.
Full textAbstract:
Abstract. Urban farming is recently acknowledged as a strategy with various services in improving cities resilience but facing cons such as land competition and rapid urbanization. The study attempts to inventory available areas for urban farming implementation and estimate the total values with case study in Malang city, Indonesia. The study divided urban farming into five forms i.e. nursery, allotment, residential, institutional and rooftop farming based on its characteristics. Land inventory has been done by estimating existing and potential areas. Existing area was manually delineated by Field Area Measure App through field visit and visualized by ArcGIS. Potential area was identified through geospatial assessment considering land use and land cover map provided by the Government of Indonesia and parcel zoning based on Guideline of Urban Farming development and literatures. The study employed Contingent Valuation Method (CVM) and Market Price Method to estimate total values of urban farming. Currently there is 1.38 ha of urban farming which is equal to 0.01 % of city’s area distributed in 21 plots and 211.46 ha potential area or equal to 1.92 % of city’s area. Urban farming has services for amount of US$ 28.68 m−2 yr−1, specifically 22.86, 3.60, 0.80, 1.10 and 0.34 US$ m−2 yr−1 in terms of provisioning food; income generation; recreation and community building; education and learning; and maintenance urban comfort, respectively. If existing and potential area used for urban farming, then it could contribute to US$ 395,095.68 annually for existing and potentially up to US$ 60,646,800.35 annually for entire city.
23
Khodakivska, Olga, and Ihor Yurchenko. "Electronic auctions for the sale of land lease rights: new opportunities and risks." Ekonomika APK 308, no. 6 (June 28, 2020): 19–26. http://dx.doi.org/10.32317/2221-1055.202006019.
Full textAbstract:
The purpose of the article is to investigate the results of electronic auctions for the sale of lease rights to agricultural land in Ukraine, to identify the main trends of such transactions and the feasibility of such auctions. Research methods. An empirical method was used (comprehensive assessment of a pilot project for conducting electronic auctions for the sale of lease rights to agricultural land in Ukraine); analytical and statistical method (calculated the results of electronic bidding); graphical method (illustrative representation of the results of calculations in the dynamics); abstract-logical method (generalization and formulation of conclusions). Research results. An analysis of electronic auctions for the sale of agricultural land lease rights in Ukraine, which took place for the period from 2018 to 2019. As a result, the minimum and maximum price for the lease of 1 ha of land in Ukraine, their share of the normative monetary valuation, the number of plots and their areas, the lease rights for which were exercised. The main trends of these transactions and the feasibility of such auctions are identified. Scientific novelty. Trends and prospects for the development of electronic auctions for the sale of agricultural land lease rights in Ukraine have been identified, which creates an opportunity to formulate proposals for further introduction of such a format for the implementation of land ownership in Ukraine. Practical significance. The results of research showed that the experience of selling leases on agricultural land through electronic bidding (auctions) can be effectively used on a permanent basis not only when selling leases, but also when selling land ownership when opening a land market. Figs.: 4. Refs.: 15.
24
Bencure, Jannet C., Nitin K. Tripathi, Hiroyuki Miyazaki, Sarawut Ninsawat, and Sohee Minsun Kim. "Development of an Innovative Land Valuation Model (iLVM) for Mass Appraisal Application in Sub-Urban Areas Using AHP: An Integration of Theoretical and Practical Approaches." Sustainability 11, no. 13 (July 8, 2019): 3731. http://dx.doi.org/10.3390/su11133731.
Full textAbstract:
Land development in sub-urban areas is more frequent than in highly urbanized cities, causing land prices to increase abruptly and making it harder for valuers to update land values in timely manner. Apart from this, the non-availability of sufficient reliable market values forces valuers to use alternatives and subjective judgement. Land value is critical not only for private individuals but also for government agencies in their day-to-day land dealings. Thus, mass appraisal is necessary. In other words, despite the importance of reliable land value in all aspects of land administration, valuation remains disorganized, with unregulated undertakings that lack concrete scientific, legal, and practical foundations. A holistic and objective way of weighing geospatial factors through expert consultation, legal reviews, and evidence (i.e., news) will provide more realistic results than a regression-based method that does not comprehend valuation factors (i.e., physical, social, economic, environmental, and legal aspects). The analytic hierarchy process (AHP) enables these factors to be included in the model, hence providing a realistic result. The innovative land valuation model (iLVM), developed in this study, is an inclusive approach wherein experts are involved in the selection and weighing of 15 factors through the AHP. The model was validated using root mean squared error (RMSE) and compared with multiple regression analysis (MRA) through a case study in Baybay City, Philippines. Based on the results, the iLVM (RMSE = 0.526) outperformed MRA (RMSE = 1.953).
25
SHI, Dan, and Junjie WANG. "Methods and Application of Evaluating the Economic Value of the Ecological Environment." Chinese Journal of Urban and Environmental Studies 04, no. 04 (December 2016): 1650030. http://dx.doi.org/10.1142/s2345748116500305.
Full textAbstract:
The evaluation of the economic value of the ecological environment can provide a vigorous support for protecting the ecological environment. The authors introduce several methods for the evaluation of economic value that are commonly used in the international community and their relevant applications; these include two methods for the evaluation of market value — the averting behavior/preventive expenditure method and the replacement cost/restoration cost method — as well as four methods for the evaluation of non-market value — the contingent valuation method, the choice experiment method, the hedonic price method and the travel cost method; moreover, they also introduce the application of the usually overlooked differential land rent theory in this field. Though these methods are widely applied, many matters need to be noted. At present, domestic research on evaluating the economic value of urban and suburban ecological environments remains extremely scarce. Regarding the preparation of the natural resource balance sheet that China is attempting to compile, only the overall economic value of the ecological environment across the country or in a specific large region is meaningful. The application of the methods for the evaluation of economic value in analyzing these issues can bring about many valuable research achievements. A combination of the mainstream foreign value evaluation methods with the Marxist differential land rent theory is conducive to evaluating the overall economic value of the ecological environment.
26
Hamdani, Hamdani. "Economic Valuation of Oil Palm Plantation Investment in Swamp Area of Tapin Regency, South Kalimantan, Indonesia." Modern Applied Science 10, no. 7 (April 28, 2016): 22. http://dx.doi.org/10.5539/mas.v10n7p22.
Full textAbstract:
This study describes the companies’ feasibility determination on oil palm plantation investment. We also compare it with the oil palm plantation in swamp area, by considering economic, social and environmental aspects. We used total valuation method to valuing the environmental value of swamp area. Otherwise, investment analyzed by the model of benefit cost ratio (BCR), net present value (NPV), and internal rate of return (IRR). The study showed that the financial valuation of investment feasibility that is made and proposed by the plantation companies to banks (creditors), did not account the land value (economic, social and environmental values) of swamp ecosystems. The assessment on swampland value obtained Rp232, 570,833,400 or US$24,481 million per year for 10,000 ha area – US$2,448 per ha each year. Although the total value of economic environment is included in the valuation element of oil palm plantation investment in swampland, it still result insufficient value. However, by sensitivity analysis scenario of swampland plantation would become sufficient if the Crude Palm Oil (CPO) price is above US$1300 per ton. It also has a second scenario if the environmental cost can be pressed optimally into Rp9, 025,541 or US$950 per ha per year.
27
Roslinda, Emi, Ali Munir, Aldi Haryono, and Anugrah Ansyari. "Economic Value of the Sylva Arboretum of the Tanjungpura University Pontianak." Jurnal Sylva Lestari 8, no. 1 (January 27, 2020): 42. http://dx.doi.org/10.23960/jsl1842-53.
Full textAbstract:
Sylva Untan Arboretum has high biodiversity. However, these values and benefits are not yet known by many parties, hence the existence of the Sylva Untan Arboretum could be changed. The purpose of this study was to determine the economic value of the Sylva Untan Arboretum. The study was conducted using a survey method. Primary data was collected through observation and interviews, while secondary data was collected from various literature. The economic value was calculated using three methods, namely the market price method, substitution cost method, and contingency method. The data were analyzed using an analysis of total economic value. The results showed that the economic value of Sylva Untan Arboretum was IDR 15.346.872.680 per year. Economic value in the form of service benefits (intangible) was higher than the tangible value. The measurement of the economic value of Sylva Untan Arboretum can be done using other approaches and methods that are more holistic as a comparison of existing economic values especially for several values, such as biomass value, water absorption, and land rent. The measurement of the economic value of the Sylva Untan Arboretum needs to be developed to make a positive contribution to the people living around it, as well as decision making in land use.Keywords: arboretum, benefit, ecosystem, economic valuation
28
Bykowa, E. N., J. A. Volkova, M. A. Sulin, A. V. Morozov, and K. E. Shemelina. "Method of market data extrapolation in time for mass appraisal of land under conditions of weak developed market." Geodesy and Cartography 965, no. 11 (December 20, 2020): 40–49. http://dx.doi.org/10.22389/0016-7126-2020-965-11-40-49.
Full textAbstract:
The matter of cadastral estimation results is one of the most topical in Russia nowadays. People do not agree to fi scal burdens, scientists are not satisfi ed with mass estimation institutions in general. The main reason for such a situation is problems with source data, namely their insuffi cient quality and quantity. As for insuffi cient quality, the only way to make source data better is proper collecting and storing process, but for quantity the way is to develop new methods of mass estimation. The research is devoted to method of market data extrapolation in time for mass assessment of land development, which is effective under conditions of a weak-developed market. This analytical statistical approach is based on implementation of time factor into multiple regression equation that enables using market data extrapolated in time. The method consists of such steps as collecting price forming factors and, sales data over the period of 10 years, making thematic maps, adequacy analysis, and constructing a valuation model. The outcome of the method implementation in cadastral estimation of individual residential development land plots in Votkinsk city showed that it is 50 % more effective than the results of the current government cadastral evaluation.
29
Mallios, Zisis. "Irrigation Water Valuation Using Spatial Hedonic Models in GIS Environment." International Journal of Information Systems and Social Change 1, no. 4 (October 2010): 1–13. http://dx.doi.org/10.4018/jissc.2010100101.
Full textAbstract:
Hedonic pricing is an indirect valuation method that applies to heterogeneous goods investigating the relationship between the prices of tradable goods and their attributes. It can be used to measure the value of irrigation water through the estimation of the model that describes the relation between the market value of the land parcels and its characteristics. Because many of the land parcels included in a hedonic pricing model are spatial in nature, the conventional regression analysis fails to incorporate all the available information. Spatial regression models can achieve more efficient estimates because they are designed to deal with the spatial dependence of the data. In this paper, the authors present the results of an application of the hedonic pricing method on irrigation water valuation obtained using a software tool that is developed for the ArcGIS environment. This tool incorporates, in the GIS application, the estimation of two different spatial regression models, the spatial lag model and the spatial error model. It also has the option for different specifications of the spatial weights matrix, giving the researcher the opportunity to examine how it affects the overall performance of the model.
30
Ivasiv, I. I., and M. O. Danyliuk. "ABOUT THE LIMITATION OF USE OF THE COST APPROACH FOR PRICE FORMING IN HOUSING MARKET." Scientific Bulletin of Ivano-Frankivsk National Technical University of Oil and Gas (Series: Economics and Management in the Oil and Gas Industry), no. 2(18) (October 20, 2018): 61–69. http://dx.doi.org/10.31471/2409-0948-2018-2(18)-61-69.
Full textAbstract:
A number of technical and economic features affecting pricing in buildingproduction, determine the methods specifics for determining prices of construction products. Intoday's conditions of building market relations the most widespread is a cost approach to theprices formation in the residential real estate market, which, together with the significantadvantages, has a number of shortcomings, which indicate the limited use of it, namely: theunreliability of reflecting the projected income value; the problem of calculating the cost of oldbuildings reproduction; the complexity of determining the value of accumulated old buildingsdepreciation; a separate assessment of the land plot from the buildings; the discrepancy betweenthe cost of the acquisition of the estimated property object costs for the new construction ofexactly the same object.The article deals with the processes of price policy formation at the building industryenterprises with the purpose of improving their competitiveness. The peculiarities of costlymethods use of real estate valuation, their advantages and disadvantages are revealed. The mainfactors influencing formation of the pricing policy of building industry enterprises are analyzed.It is proved that a cost approach is appropriate to apply for new construction analysis, forthe identification of various options for land use, for assessment for tax purposes, insurance,consequences of natural disasters and, if necessary, assessment of special buildings andstructures.
31
Kabourkova, Kristina. "Conflict between the Accounting Act and Czech Accounting Standards in land." SHS Web of Conferences 91 (2021): 01048. http://dx.doi.org/10.1051/shsconf/20219101048.
Full textAbstract:
The paper deals with the analysis of existing Czech accounting procedures in the case of land accounting. The method of process analysis is used, where the currently valid methodological procedures are examined. The strengths and weaknesses of this methodology are defined. It is found that the accounting and valuation of land according to Czech Accounting Standards is in conflict with the Accounting Act, according to which accounting data should provide a true picture of the status and value of the entity’s assets. The purchase price of the land is entered into bookkeeping and any decrease or increase in value is never accounted for again. In the case of forest land, the value of the land and the value of the plants grown on it are not accounted for separately. The accounting therefore does not provide users with true and current information. The good thing is that these accounting policies do not burden the accounting entity in any way. Furthermore, a proposal for new methodological procedures is presented. According to them, it would be possible to update the accounting data depending on the condition of the land and the development of market prices. Based on an expert opinion, a significant increase or decrease in the current value of the land would be accounted for. In the case of a forest, it would be possible to use analytical accounts to account separately for the condition of the land and the condition of the forest foliage. These new procedures would make it possible to reflect in bookkeeping the actual state of the entity’s assets. However, the disadvantage is the higher financial and time demand. Subsequently, the advantages and disadvantages of the currently effective and proposed methodology are compared.
32
Adamczyk, Tomasz, Agnieszka Bieda, and Piotr Parzych. "Appraisal of Real Estate with Various Functions in the Context of Sustainable Development." Journal of Applied Engineering Sciences 9, no. 1 (May 1, 2019): 7–18. http://dx.doi.org/10.2478/jaes-2019-0001.
Full textAbstract:
Abstract The value of a piece of real estate depends on the purpose it is used for and on its function in planning documents. Unfortunately, current land development trends and the provisions of the law that are applicable in these documents often lead to real estate with heterogeneous functions. The valuation of such properties requires a special approach. One method is to divide the prices of real estate similar to the appraised real estate into components that correspond to areas with certain functions. The aim of this paper is to present statistical methods that can facilitate such a solution. The valuation models (parametric and conditional) presented in this article come from geodetic methods for the reconciliation of results. The presented calculations suggest that it is necessary to verify whether the heterogeneous functions of real estate should be considered in its appraisal.
33
ROSLINDA, EMI, SITI MASITOH KARTIKAWATI, and RABUDIN RABUDIN. "Economic valuation for tembawang ecosystem, in Sanggau District, West Kalimantan, Indonesia." Biodiversitas Journal of Biological Diversity 18, no. 4 (October 7, 2017): 1506–16. http://dx.doi.org/10.13057/biodiv/d180428.
Full textAbstract:
Roslinda E, Kartikawati SM, Rabudin. 2017. Economic valuation for tembawang ecosystem, in Sanggau District, West Kalimantan, Indonesia. Biodiversitas 18: 1506-1516. The tembawang ecosystem in West Kalimantan (Indonesia) spreads over especially in Sanggau District region. Tembawang is a system of land used by customary community of Dayak ethnic which is traditionally managed and communally used. The objective of this study is to determine the total economic value (TEV) of the tembawang ecosystem. Survey methods were used in this research. 70 respondents were selected by census method. Total economic values in this research were restricted on direct use value, indirect use value and option value. Based on market price (biomass) and opportunity cost (hydrological role), the economic values were calculated. The results showed that total economic value of Tembawang Ampar was IDR 263,837,082 year-1, which was equivalent to IDR 36,900,291 year-1ha-1. They are IDR 33,545,791 year-1ha-1 from direct use value, IDR 3,072,738 year-1ha-1 from indirect use value, and IDR 281,762 year-1ha-1 from option value. Total economic value of tembawang was rather low. The low of economic value was due to limited benefits assessed in this study. Whereas in fact, there were many benefits from tembawang obtained by the community. Conserving tembawang ecosystem will not be achieved by simply considering the conservation of species in tembawang, but the preservation will need to encompass a wide range of natural resources and the potential services provided by them.
34
Adermann, Veiko, Allar Padari, Risto Sirgmets, Aija Kosk, and Paavo Kaimre. "Valuation of timber production and carbon sequestration on Järvselja nature protection area." Forestry Studies 63, no. 1 (December 1, 2015): 29–43. http://dx.doi.org/10.1515/fsmu-2015-0007.
Full textAbstract:
Abstract Järvselja nature protection area was established in order to preserve and introduce virgin forests, to protect old natural forests, old deciduous forests and habitats of different species. At the same time the stands of nature protection area provide other benefits having both use and non-use values. The goal of the study is to assess the monetary value of the two components of forest ecosystem: timber production and carbon sequestration. The value of timber expresses to forest owners and policy-makers the opportunity cost of nature protection. The carbon sequestration represents the value of new service, highly appreciated in the context of climate policy. While a market for timber and carbon exists, the market-price method has been used for valuation. The data for calculations was obtained from the materials of forest inventory carried out in 2010 by the Department of Forest Management, Estonian University of Life Sciences. According to the calculations the theoretical long-term average value of timber is 325 euros per hectare. The monetary value of timber production is approximately three times higher compared to average productivity of Estonian private forests. The guidelines of Intergovernmental Panel on Climate Change for the inventories of greenhouse gases were used when transforming the growing stock and dead stem timber into biomass and finally into carbon and carbon dioxide. According to the price 4.62 € per ton of tradeable carbon equivalent in autumn 2013, the value of carbon sequestration on Järvselja nature protection area could be estimated 1473 € per hectare of forest land. Because of the high age of stands on nature protection area, the role of forests as a sequestrator of CO2 is remarkable compared to commercial forests. The accumulation of carbon in old-growth natural forests is close to zero, but they still fulfil the role of being a carbon pool.
35
Nechyporenko, Oleksandr, and Alina Matviienko. "Methodological aspects of determining the amount of losses of agricultural production in the withdrawal land for other purposes." Ekonomika APK 310, no. 8 (August 28, 2020): 13–21. http://dx.doi.org/10.32317/2221-1055.202008013.
Full textAbstract:
The purpose of the article is to investigate the genesis of the mechanism of compensation for losses of agricultural and forestry production and to propose certain directions for its improvement. Research methods. The following methods were used in the research process: monographic, historical and logical (for retrospective review of compensation for losses of agricultural production), comparison (for comparison of indexed standards by different approaches), graphical (for visual reflection of the obtained results), generalization (for the formulation of conclusions). Research results. In order to further improve state regulation of land protection and rational use, an analysis of the mechanism of one of its key economic levers - compensation for losses of agricultural and forestry production in case of withdrawal of land and their use for purposes other than agriculture and forestry, restricting the rights of owners and land users and deterioration of land quality. Possible approaches to modernization of standards for compensation of losses of agricultural production on the basis of their indexation with the use of price indices of agricultural products and inflation are considered. The comparative characteristic between them and indicators of normative monetary estimation of lands is carried out. Scientific novelty. The study of new methodological approaches to setting standards and determining the amount of losses of agricultural production, which are subject to compensation for the withdrawal of land for other purposes was further developed, based on the use of regulatory monetary valuation of land. Practical significance. The application of modernized standards for compensation of losses of agricultural production in the new economic conditions will increase revenues to local budgets, promote the rational use and prevention of unjustified withdrawal of land. Tabl.: 3. Figs.: 1. Refs.: 14.
36
M. Anayah, Fathi. "Optimizing agricultural production with socioeconomic considerations: A case study from Palestine." مجلة جامعة فلسطين التقنية خضوري للأبحاث 8, no. 2 (September 1, 2020): 54–89. http://dx.doi.org/10.53671/ptukrj.v8i2.93.
Full textAbstract:
Agriculture is not only the main source of income to most Palestinian families; it is also the link to connect them to their valuable land and water resources. Farmers seek assistance from agronomists and decision makers to cultivate the proper products. In this study, the best selection of agricultural crops is addressed in the multiple-objective context. The study deals with three conflicting objective functions: net benefit, agricultural production, and labor employment. Four-stage procedure is adopted combining multiple-objective optimization, simple valuation methods, cluster analysis, and multiple criteria decision making (MCDM) methods. Pareto optimal curves are used to evaluate the marginal prices of both land area and labor day. The theories of utility and benefit cost are applied to rank the non-dominant alternatives. Two MCDM methods, namely weighted goal programming and step methods, are employed in the evaluation. The above methodology is applied to the case study of Qalqilya District in which irrigated agriculture under semi-arid conditions prevails. The results show that Pareto optimal is a powerful tool to determine the marginal price of non-monetary commodities. It is also found that the average annual net benefit, agricultural production, and labor employment for the cultivated area are $941,423, 3,288 tons, and 14,671 days, respectively, in the best compromise plan. The inclusion of socioeconomic considerations in decision making on agricultural systems is crucial for their sustainable development.
37
M. Anayah, Fathi. "Optimizing agricultural production with socioeconomic considerations: A case study from Palestine." مجلة جامعة فلسطين التقنية للأبحاث 8, no. 2 (September 1, 2020): 54–89. http://dx.doi.org/10.53671/pturj.v8i2.93.
Full textAbstract:
Agriculture is not only the main source of income to most Palestinian families; it is also the link to connect them to their valuable land and water resources. Farmers seek assistance from agronomists and decision makers to cultivate the proper products. In this study, the best selection of agricultural crops is addressed in the multiple-objective context. The study deals with three conflicting objective functions: net benefit, agricultural production, and labor employment. Four-stage procedure is adopted combining multiple-objective optimization, simple valuation methods, cluster analysis, and multiple criteria decision making (MCDM) methods. Pareto optimal curves are used to evaluate the marginal prices of both land area and labor day. The theories of utility and benefit cost are applied to rank the non-dominant alternatives. Two MCDM methods, namely weighted goal programming and step methods, are employed in the evaluation. The above methodology is applied to the case study of Qalqilya District in which irrigated agriculture under semi-arid conditions prevails. The results show that Pareto optimal is a powerful tool to determine the marginal price of non-monetary commodities. It is also found that the average annual net benefit, agricultural production, and labor employment for the cultivated area are $941,423, 3,288 tons, and 14,671 days, respectively, in the best compromise plan. The inclusion of socioeconomic considerations in decision making on agricultural systems is crucial for their sustainable development.
38
Shulgan, Roman, Oleksandr Yanchuk, Olha Pakharenko, and Alla Pryshchepa. "Study on the Influence of Roadways on Land Plots according to the Results of Monetary Evaluation." Geomatics and Environmental Engineering 15, no. 3 (April 27, 2021): 5–21. http://dx.doi.org/10.7494/geom.2021.15.3.5.
Full textAbstract:
The paper examines the impact of highways of urban significance on surrounding areas. The authors substantiated the size of the road‑effect zone. In order to determine the quantitative extent of the impact of highways on surrounding areas, the scholars applied the data regarding the selling prices of land plots with various designated purpose, i.e. the estimated money value of land is the indicator of determining the road‑effect on surrounding areas. Since a great number of factors affects the value of these land plots, in order to determine the road‑effect for highways, the authors developed economic and statistical models for expert value of land plots with various designated purpose using the method of multiple regression analysis. After substituting different values of distances to a highway within the road‑effect zone in the model, the researchers established the patterns of change in the value of land plots with various designated purpose and calculated the adjustment factors that can be used in the pecuniary valuation of land plots. The value of such coefficients for residential construction land is 0.85–1.00; for commercial land it is 1.00–1.17; and for industrial land it is 1.00–1.01.
39
Mahardhika, Septya Mega, Suradi Wijaya Saputra, and Churun Ain. "Valuasi Ekonomi Sumberdaya Ikan Dan Ekowisata Mangrove Di Muara Angke, Jakarta." Management of Aquatic Resources Journal (MAQUARES) 7, no. 4 (October 15, 2018): 458–64. http://dx.doi.org/10.14710/marj.v7i4.22670.
Full textAbstract:
Muara Angke merupakan satu – satunya kawasan yang masih memiliki ekosistem mangrove di daerah pesisir Jakarta. Luas Muara Angke kurang lebih 964,98 ha dibagi menjadi tiga zona. Dua diantaranya berkontribusi pada sektor Perikanan dan Ekowisata, yaitu Pangkalan Pendaratan Ikan (PPI) dan Taman Wisata Alam Angke Kapuk (TWAAK). Kurangnya pemahaman umum tentang manfaat ekonomi ekosistem mangrove menyebabkan masyarakat mengeksploitasi secara berlebihan sehingga terjadi perubahan penggunaan lahan. Tujuan penelitian ini untuk mengetahui nilai ekonomi yang dihasilkan ekosistem mangrove berdasarkan dua aspek yaitu Perikanan Tangkap dan Ekowisata. Data Perikanan Tangkap menggunakan data sekunder dari Pengelola PPI Muara Angke tahun 2016 – 2017. Data sosial ekonomi diperoleh menggunakan wawancara dengan bantuan kuesioner. Data biaya perjalanan rata – rata diperoleh dengan wawancara pengunjung TWAAK. Analisis Valuasi Ekonomi Perikanan Tangkap menggunakan Market Price Method. Analisis Valuasi Ekonomi Ekowisata Mangrove menggunakan Travel Cost Method. Metode penentuan 100 responden nelayan tangkap menggunakan Random Sampling sedangkan penentuan 100 responden pengunjung TWAAK menggunakan Accidental Sampling. Hasil penelitian didapatkan nilai ekonomi pada aspek perikanan tahun 2016 Rp. 13.148.945.100, tahun 2017 Rp.21.087.388.300 dan tahun 2018 Rp. 370.313.869.500. Hasil penelitian didapatkan nilai ekonomi ekowisata tahun 2018 Rp.40.28.400.000 Muara Angke is the only area that still has mangrove ecosystems in the coastal areas of Jakarta. Muara Angke area is approximately 964.98 ha divided into three zones. Two of them contribute to the Fisheries and Ecotourism sector, namely Fish Landing Base (PPI) and Angke Kapuk Nature Park (TWAAK). Lack of general understanding of the economic benefits of mangrove ecosystems causes people to over-exploit so that land use changes occur. The purpose of this study was to determine the economic value generated by mangrove ecosystems based on two aspects, namely Capture Fisheries and Ecotourism. Capture Fisheries Data uses secondary data from Muara Angke PPI Manager in 2016 - 2017. Socio-economic data were obtained using interview with Muara Angke fishermen with questionnaire assistance. Average travel cost data is obtained by interviewing TWAAK visitors. Capture Fisheries Economic Valuation Analysis using Market Price Method. Economic Valuation Analysis of Ecotourism Mangroves use the Travel Cost Method. The method of determining 100 respondents of capture fishermen uses Random Sampling while the determination of 100 respondents of TWAAK visitors uses Accidental Sampling. The results of the study obtained economic value in aspects of fisheries in 2016 Rp. 13,148,945,100, in 2017 Rp.21,087,388,300 and in 2018 Rp. 370,313,869,500. The results of the study obtained the economic value of ecotourism in 2018 Rp. 40.28.400.000
40
Galagan, T. I. "Mine technical stage recultivation of the broken lands and its ecological and economical evaluation." Fundamental and Applied Soil Science 15, no. 1-2 (March 20, 2014): 81–88. http://dx.doi.org/10.15421/041408.
Full textAbstract:
An ecological and economical aspect of restoration and organization of use of recultivated lands in agriculture are considered. It is proved that the price of the land which is withdrawn from agricultural production, consists of the price of the importance of the land as nature component, from the land price as basic method of production etc. The methodological workings out for the evaluation of the mine technical stage of land recultivation are offered. It is emphasized, that in any case recultivation of the disturbed lands should be directed on the localization and neutralization of harmful influences on the environment, and on creation of conditions for restoration of fertility of the disturbed lands, especially with use of chernozem mass which preliminary was removed from a disposal area. These are considerable expenses because losses from the agricultural lands consist of the losses from soil losses as the basic means of an agricultural production, from short-received profit in connection with deficiency of soil for restoration of the former productive area and from compensation of the lost agricultural potential. It is noticed, that in the course of carrying out of separate excavation of the fertile layer of chernozem, its transportation and placement in collars, and also application on the leveled surface of the disposal area and planning of this entire surface, the soil undergoes so-called impoverishment, that is mixing of fertile horizons with potentially fertile soils. This process is accompanied by decrease, first of all, content of humus which quantity on the average in 1.5–2 times is less, than in humus horizon of zone chernozems. Thus, the more powerfully layer of the piled mass of chernozem on the rock, so match the bigger was the content of humus which, however, never exceeds a natural indicator. For the first time in the conditions of Steppe Prydniprovia it was carried out the valuation of the basic types of artificial soils at some leading mining enterprises. For the standard is taken the average index of content of humus in not broken old arable lands in a place of creation artificial. Economic calculations have shown, that recultivated lands which have a point 40 and above (content of humus about 2 % and more), are suitable for cultivation almost all agricultural crops. The lands, that have the point from 40 to 20 – are suitable for introduction of hay harvests and hay-fields, and also wood and fruit – and – berry plantings. The lands with an ecological and economical point less than 20 should be used for creation of recreational zones, athletic fields, plots for holiday visitors in the country, forbidden lands, etc. It is affirmed, that those types of soils which have not chernozem soil cover, but are potentially fertile (on occasion), it is possible to involve in agricultural production. These are loess, loess – like loams, their mix with other soils, and also grey-green clay and red-brown clay on which the farmers receive high and stable yield of multicomponent grass mixtures. But in any case, the indicator of the mark estimation decreases owing to mass losses of humus horizon, its impoverishment, reduction of capacity of the layer of fertile chernozem, unsatisfactory carrying out of amelioration operations and chemical kinds of land improvement. These lacks harm to use of recultivated lands in an agricultural production at that level on which they were used earlier. It is established, that recultivated lands as the material substance, are capable to perceive additional investments of work and means. Their fertility is an objective ecological and economical category, which is formed as result of interaction of properties of the created lands, productive forces and industrial relations.
41
BV, Binoy, Naseer MA, and Anil Kumar PP. "A methodology for identifying critical factors influencing land value in urban areas: a case study of Kerala, India." Property Management 38, no. 5 (July 3, 2020): 665–81. http://dx.doi.org/10.1108/pm-01-2020-0004.
Full textAbstract:
PurposeLand value is a measure of the specific features of a property, excluding buildings and other developments. Land value varies depending on the economic, geographic and political aspects of a particular location. The primary purpose of the paper is to identify the general and location-specific attributes impacting property prices in urban Kerala.Design/methodology/approachThe objective of the current study was achieved through a three-cycle Delphi survey and relative importance index (RII) approach. The experts who aided in the survey had a mutual interest in the subject but came from different backgrounds like property valuation, real estate, urban and environmental planning. The initial group of variables identified from the literature was expanded and scrutinized in the first cycle of the Delphi survey. The variables were grouped into five major categories and 13 subcategories based on the literature and expert opinion. In the subsequent stages, the short-listed variables were rated on a seven-point Likert scale until a consensus was attained. The top-ranked variables were identified through the RII method as the critical factors influencing land value in urban Kerala.FindingsThe results indicate that road accessibility and proximity to nuisance sources are the most crucial parameters. The outcome of the study will provide a better understanding of the dynamics of land value and the influencing factors in urban areas.Originality/valuePrevious studies do not give much consideration for the location-specific variability on the influencing parameters. Property management research has not considered the usage of expert opinion and RII for variable selection.
42
Matyukha, Vоlоdуmуr. "GRAPHOANALYTICAL METHODOLOGICAL APPROACH TO THE COST ESTIMATION OF MINERAL DEPOSITS." Environmental Economics and Sustainable Development, no. 6(25) (2019): 71–75. http://dx.doi.org/10.37100/2616-7689/2019/6(25)/11.
Full textAbstract:
The importance of cost estimation of mineral resources in modern economic theory is noted in the article. It is noted that all currently existing methodical and methodological approaches to the valuation of minerals by their economic nature are in fact an analysis of the economic feasibility of realization of investment projects for the development of deposits, which actually answers the question: is the investment project for the development of the field economically viable. Based on the analysis of literary sources, it is established that at the present stage of development of the world economy, the interest in the economic evaluation of the efficiency of development of mineral resources is not waning. However, methodological approaches are different and there is still no unity in them. Experts point out that the current methods require improvement due to the low accuracy of calculations, since the size of the cost estimate depends on the amount of rental payments for the use of mineral resources in mining and the starting price of the sale of a special permit for the development of deposits at auction. For the first time in the economic theory economics, a graphoanalytic method for the cost estimation of mineral deposits has been proposed. The features of this methodological approach based on integral calculus, including the integration of continuous functions, as well as the method of discounting cash flows with simultaneous consideration of the life cycle scheme of deposits, namely mining and geological conditions of mining are opened. The step-by-step sequence of realization of the proposed method is resulted. It is stated that this approach will allow to obtain a more exact cost estimate of a deposit or subsoil by taking into account the following factors: the life of the deposit, the market conditions of the mineral resources, capital and current expenses connected with extraction of minerals and costs of the subsoil user in the post-mining a period of time related to the closure of mines and quarries and the reclamation of disturbed lands formed during the extraction of minerals.
43
Ajibola, M. O., A. I. Kabiamaowei, A. O. Oluwunmi, and D. R. Owolabi. "Assessing the Methods of Valuing Contaminated Land in Rivers State, Nigeria." Academic Journal of Interdisciplinary Studies 9, no. 2 (March 10, 2020): 173. http://dx.doi.org/10.36941/ajis-2020-0035.
Full textAbstract:
The practice of environmental valuation for compensation has raised serious concerns among estate surveyors and valuers (ESVs) practicing in Nigeria due to the challenges posed by the enabling laws and other factors. This study examined the methods adopted by ESVs in carrying out the valuation of land contaminated by oil spill in Rivers State. The study focused on ESVs practicing with registered firms in Rivers State. Primary data was obtained by administration of questionnaires on 120 ESVs out of which 80 questionnaires were retrieved and used for the analysis. Also, semi-structured interviews were conducted with estate surveyors and valuers identified to be experienced in the subject of study in order to obtain data on their practice and experience. The primary data was analysed using, percentages, relative importance index (RII) and principal component analysis as well as coding and narrating for the interviews. The findings indicated that the methods adopted for valuation are the income capitalization, predetermined compensation rate, sales comparison, market prices and depreciated replacement cost approach. The study therefore recommends that professional bodies should continuously train and develop ESVs in this aspect of valuation.
44
., Jeffry. "TINJAUAN PENERAPAN AKTIVA TETAP BERDASARKAN PSAK NO. 16 PADA PT. EKA SARI LORENA TRANSPORT TAHUN 2012-2013." Jurnal Ilmiah Binaniaga 9, no. 1B (June 21, 2019): 51. http://dx.doi.org/10.33062/jib.v9i1b.332.
Full textAbstract:
Role of fixed assets both service companies and manufacturing companies are basically the same, ie fixed assets have a very important role as a support for companies in doing the activities and operations of the company. To keep the fixed assets can be used in accordance with its function, then the asset must remain in good condition. Therefore, it is important for companies to carry out the management of fixed assets. Because of the role and function of the fixed assets is crucial to achieve the company's goal has been determined. Fixed assets have limited use of the age limit, except land. Sometimes the fixed assets needed repairs caused by damage and worn out, so it can extend the useful life, increase production capacity and improve the quality of production of the assets concerned. PT. Eka Sari Lorena Transport only classifying fixed assets based on the depreciable fixed assets such as office equipment, inventory workshop, office vehicles, buses and construction operations. Initial recognition of assets based on data obtained PT. Eka Sari Lorena Transport in acquiring fixed assets carried out by way of a cash purchase, purchase on credit, and build it yourself. There are expenses that companies face during the period of use of the fixed assets in order to meet the needs of companies that repair and maintenance, replacement, and addition. Usually load a small amount included as part of the operating expenses of the current year, while load large amounts capitalized into the asset as an addition to the acquisition price. PT. Eka Sari Lorena Transport perform depreciation on all types of fixed assets, except land, there are two factors that cause a decrease in the ability of depreciation of fixed assets, namely the physical or functional depreciation, the company conducts depreciation using the straight-line method based on the estimated useful life and the economic life of termination to all fixed assets conducted since the end of its useful life, damaged, less useful for companies should be eliminated or released by PT. Eka Sari Lorena Transport. Disclosure of fixed assets in the financial statements of the company using the straight-line method of depreciation in the calculation of all types of fixed assets, fixed assets valuation basis disclosed at acquisition cost, the company revealed that the fixed assets are recorded at cost less accumulated depreciation and depreciation burden reported in the income statement as an expense Suitability fixed assets accounting firm with SFAS No. 16 at initial recognition fixed assets, expenses for the use, termination of fixed assets, depreciation of fixed assets, as well as the disclosures in the financial statements do not fully implemented by the company.Keyword: Fixed Asset
45
Muchová, Zlatica, Ľubomír Konc, and František Petrovič. "LAND PLOTS VALUATION IN LAND CONSOLIDATION IN SLOVAKIA: A NEED FOR A NEW APPROACH." International Journal of Strategic Property Management 22, no. 5 (September 24, 2018): 372–80. http://dx.doi.org/10.3846/ijspm.2018.5221.
Full textAbstract:
The spatial and functional rearrangement of a territory in the process of land consolidation (LC) requires the prior valuation of the land and comparison with the proposed state. This is one of the most difficult stages of the project. The official (information) price of agricultural land is at present determined on the basis of comparing the boundaries of land areas and spatial distribution of the soil-quality ecological units (SQEU). This procedure does not reflect the real value of land and leads to disagreements particularly with large differences in price levels in the neighborhood. Therefore, the authors suggest establishing pricing information using a multicriteria evaluation, into which enters SQEU (through a single price area for the projection unit) as well as the development factor and location factor. The methodological approaches and procedures for land valuation on agricultural land in the LC are illustrated by the example of the cadastral area of Skačany (in northwestern Slovakia). The authors argue that a new approach is more objective to the owners and simplifies the entire process in compliance with the criteria of proportionality.
46
Biswas, Sattwick Dey. "Plural Values of Land: An Empirical Investigation." Journal of Land and Rural Studies 9, no. 1 (November 27, 2020): 140–57. http://dx.doi.org/10.1177/2321024920968333.
Full textAbstract:
The political economy of our time asserts that value equates to monetary price. This tendency to equate value in terms of monetary price continues in case of the value of land. An understanding of plural values of land encourages us to look beyond monetary price. The article considers two land acquisition cases in India, as a source of empirical data to demonstrate the existence of plural value of land and limitations of monetary price–based valuation theory.
47
Tran, Duc Trong. "Assigning of land location and land price to land parcel using ArcGIS engine." Journal of Mining and Earth Sciences 62, no. 1 (February 28, 2021): 27–34. http://dx.doi.org/10.46326/jmes.2021.62(1).04.
Full textAbstract:
Assigning a state price to each land parcel is a frequent and yet important task in the state management of land parcels. Land price is issued for each street. For each street, land price is divided according to level of location 1, 2, 3 and 4. Parcel is assigned to which location level depending on its walking distance to nearest street, and passed minimum alley’s width, etc. The task of valuing land parcels is cumbersome because the number of land parcels to be priced is huge. To alleviate this burden for government staff, a step by step processing model is developed to automatically determine the location level of a particular parcel. Using ArcGIS Engine library and VB.NET programming language, the steps in the proposed model are built into functions in a specialized module for land valuation. Experiment in assigning location level and land prices of Tam Hiep ward, Bien Hoa city, Dong Nai province shows that 91,73% of parcels are assigned the same location level as the location on the issued land location map. The experiment demonstrates the effectiveness and correctness of the proposed model in automatically determining location levels and corresponding prices of land parcels.
48
Wei, Xing, and Xian Mei. "Poly Real Estate Value Evaluation Research." Applied Mechanics and Materials 687-691 (November 2014): 5075–79. http://dx.doi.org/10.4028/www.scientific.net/amm.687-691.5075.
Full textAbstract:
This paper made valuation research on poly real estate by combining the actual situation of poly real estate and special factors affecting real estate industry assessment, using relative valuation method p/e ratio method and price-to-book ratio method, and discount cash flow method in absolute valuation method respectively. Three methods valuation results have little difference from the actual price, and are in line with the actual situation. By contrast, two methods valuation results are slightly lower than the actual price, which means that poly still has a certain rise space. From overall analysis, discount cash flow method is more rational comparing with valuation method.
49
Koeva, Mila, Oscar Gasuku, Monica Lengoiboni, Kwabena Asiama, Rohan Mark Bennett, Jossam Potel, and Jaap Zevenbergen. "Remote Sensing for Property Valuation: A Data Source Comparison in Support of Fair Land Taxation in Rwanda." Remote Sensing 13, no. 18 (September 8, 2021): 3563. http://dx.doi.org/10.3390/rs13183563.
Full textAbstract:
Remotely sensed data is increasingly applied across many domains, including fit-for-purpose land administration (FFPLA), where the focus is on fast, affordable, and accurate property information collection. Property valuation, as one of the main functions of land administration systems, is influenced by locational, physical, legal, and economic factors. Despite the importance of property valuation to economic development, there are often no standardized rules or strict data requirements for property valuation for taxation in developing contexts, such as Rwanda. This study aims at assessing different remote sensing data in support of developing a new approach for property valuation for taxation in Rwanda; one that aligns with the FFPLA philosophy. Three different remote sensing technologies, (i) aerial images acquired with a digital camera, (ii) WorldView2 satellite images, and (iii) unmanned aerial vehicle (UAV) images obtained with a DJI Phantom 2 Vision Plus quadcopter, are compared and analyzed in terms of their fitness to fulfil the requirements for valuation for taxation purposes. Quantitative and qualitative methods are applied for the comparative analysis. Prior to the field visit, the fundamental concepts of property valuation for taxation and remote sensing were reviewed. In the field, reference data using high precision GNSS (Leica) was collected and used for quantitative assessment. Primary data was further collected via semi-structured interviews and focus group discussions. The results show that UAVs have the highest potential for collecting data to support property valuation for taxation. The main reasons are the prime need for accurate-enough and up-to-date information. The comparison of the different remote sensing techniques and the provided new approach can support land valuers and professionals in the field in bottom-up activities following the FFPLA principles and maintaining the temporal quality of data needed for fair taxation.
50
Krinitskaya, Oksana, and Anna Tyutyunnik. "INSTITUTIONAL ASPECTS OF MONETARY VALUATION OF LAND IN DIFFERENT COUNTRIES." International Journal of New Economics and Social Sciences 3, no. 1 (June 30, 2016): 46–54. http://dx.doi.org/10.5604/01.3001.0010.4613.
Full textAbstract:
The article describes the stages of formation of monetary estimation. The experience of monetary estimation on examples of Western countries and the countries of the former socialist union is analyzed. Particular institute monetary estimation, its components and distinctive features are illustrated. The technique of calculating the estimation of real estate in different countries are stated. The price of real estate and the factors of influence on its definition is analyzed.