Abstract:

The purpose of this study is to develop methods for indirectly assessing the value of land in a single property. This study proposes an alternative approach to calculating the value of a land plot (by analyzing the share of a land plot in the value of a single property). In the article, the authors consider the share of a land plot in the value of a single property as a result of the action of various pricing factors. The method of regression analysis was used as a methodological basis.

Based on the results of the regression analysis, the authors gave recommendations on the use of each of the formulated factorial models and made conclusions about their applicability. The results of this study can be used in cadastral valuation practice as well as market valuations used to challenge the cadastral valuation results. The presented study is an alternative way of calculating the value of land in a single property, which is especially valuable in the face of a lack of initial information required to implement the traditional methodology of comparative sales.