Development of Methods of Assessing the Land Market Value

• Published in: Materials science forum Vol. 931; pp. 1137 - 1141
• Main Authors: Kolankov, Sergey V., Golikova, Ulia A., Voronova, Svenlana P.
• Format: Journal Article
• Language: English
• Published: Pfaffikon Trans Tech Publications Ltd 01.09.2018
• Subjects: Income; Market value; Markets; Methods; State court decisions; Allocation Method; Regulations; Valuation Methods; Real Estate; Income Approach; Sales Comparison Method; Comparative Approach; Land Plot; Balance (Residual) Method; Method of Prospective Use; Land Rent Capitalization Method; Market Value
• ISSN: 0255-5476; 1662-9752; 1662-9752
• DOI: 10.4028/www.scientific.net/MSF.931.1137

This article discusses methods for assessing the market value of land plots used in a comparative and income approaches. The comparative approach includes the sales comparison approach, the method of allocation and the method of distribution. The income approach includes the method of capitalization of land rent, the balance (residual) method and the method of intended use. The work analyzes the content of normative legal acts used to determine the market value of this type of property. Basically this is the provisions of the Guidelines (methodological recommendations) for determining the market value of land plots. As a result of the analysis, the authors suggest the main directions for the development of existing methods used in valuation activities.