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Determining Fair Rental Value Of Land In The Hungarian Valuation Practice – A Methodological Approach

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  • Ferenc, Buzás
  • László, Posta
  • Sándor, Kiss
  • István, Mező

Abstract

The directive of 1666/2015. (IX. 21.) called ’Land for Farmers!’ has changed not only the legal terms and conditions but also the economic basis of land use in the relation of land use and resulting derivative demand. Institutionalized rental fees can be modified to market level only if it is confirmed by qualified expert’s report hired by the new land owner. Setting a fair rental value has quite a few methodological approaches. Due to the lack of a legally recommended calculation process, authors hereby are presenting a method to calculate fair rental value that is beneficial for both renter and owner. Foreign rental conditions related to the topic are also concerned in the article.

Suggested Citation

  • Ferenc, Buzás & László, Posta & Sándor, Kiss & István, Mező, 2017. "Determining Fair Rental Value Of Land In The Hungarian Valuation Practice – A Methodological Approach," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 11(3-4), December.
    • Handle: RePEc:ags:apstra:273267
    DOI: 10.22004/ag.econ.273267
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    References listed on IDEAS

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    1. Johan Swinnen & Pavel Ciaian & d’Artis Kancs, 2008. "Functioning of Land Markets in the EU Member States," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 51(2), pages 48-62.
    2. Van Herck, Kristine & Vranken, Liesbet, 2012. "Direct Payments and Land Rents: Evidence from New Member States," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126777, International Association of Agricultural Economists.
    3. Bojnec, Štefan, 2011. "Land Markets in the EU Candidate Countries of Croatia, Former Yugoslav Republic of Macedonia and Turkey," Factor Markets Working Papers 96, Centre for European Policy Studies.
    4. Dobbins, Craig & Cook, Kim, 2000. "Indiana Land Values Rise," Purdue Agricultural Economics Report 188847, Purdue University, Department of Agricultural Economics.
    5. Breustedt, Gunnar & Habermann, Hendrik, 2009. "Determinants of Agricultural Cash Rents in Germany: A Spatial Econometric Analysis for Farm-Level Data," 2009 Conference, August 16-22, 2009, Beijing, China 51685, International Association of Agricultural Economists.
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    Keywords

    Agribusiness; Land Economics/Use;

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