The Essence of Equivalent Markets in Determining the Market Value of Land Property for Variable Planning Factors

Abstract

The leading local legislation act defining the spatial policy is the local development plan, the financing of which is the commune’s responsibility. The beneficiary of activities aimed at the transformation of the intended property use is its owner or its perpetual lessee – with lessees incurring the costs of adopting the local development plans through so-called zoning fees, the amount of which, often controversial, has become the source of numerous lawsuits. The presented problem of an outside-business and often radical change of land value corresponds to the market dilemmas in determining equivalent markets, and establishing price-setting factors and their impact on the value of real estate.

Keywords

• equivalent markets
• fields of value
• property valuation
• zoning fee
• d47
• l85
• r14
• r52
• r58