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Methods for Determining the Impact of the Temporal Trend in the Valuation of Land Property

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  • Maleta Monika

    (Department Of Civil Engineering And Geodesy Military University Of Technology)

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:

Suggested Citation

  • Maleta Monika, 2013. "Methods for Determining the Impact of the Temporal Trend in the Valuation of Land Property," Real Estate Management and Valuation, Sciendo, vol. 21(2), pages 29-36, June.
    • Handle: RePEc:vrs:remava:v:21:y:2013:i:2:p:29-36:n:4
    DOI: 10.2478/remav-2013-0014
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