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3 Dimensional data research for property valuation in the context of the LADM Valuation Information Model

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  • Kara, Abdullah
  • van Oosterom, Peter
  • Çağdaş, Volkan
  • Işıkdağ, Ümit
  • Lemmen, Christiaan

Abstract

Property valuation is a process that promotes sustainable development as it supports and forms several land management activities. Access to information on the legal, geometric, physical, locational and environmental characteristics of property units together with the economic indicators are required for an effective property valuation system. Traditional cadastral systems generally provide only two-dimensional (2D) legal and geometric information about property units, however, today’s valuation practices would benefit significantly from three-dimensional (3D) information in order better to estimate and explain values of property units. The purpose of this paper is to examine how 3D spatial datasets and spatial analyses have been used in property valuation, and to develop 3D valuation unit profile(s) in line with the examination results for the recently proposed Valuation Information Model that extends the ISO 19152:2012 Land Administration Domain Model (LADM) from the valuation point of view. The study focuses more on 3D locational and environmental characteristics of property units; particularly visibility and especially viewshed analysis in terms of property valuation. By using open topography, building and height datasets of the Netherlands, a number of viewshed analyses are conducted to show how it can be utilized using different 3D data sources. The main contribution of the article is to present how 3D datasets and spatial analyses could be used to support property valuation activities and to investigate to what extent it is possible and meaningful to include derived 3D characteristics of property units in valuation registries.

Suggested Citation

  • Kara, Abdullah & van Oosterom, Peter & Çağdaş, Volkan & Işıkdağ, Ümit & Lemmen, Christiaan, 2020. "3 Dimensional data research for property valuation in the context of the LADM Valuation Information Model," Land Use Policy, Elsevier, vol. 98(C).
    • Handle: RePEc:eee:lauspo:v:98:y:2020:i:c:s0264837719306635
    DOI: 10.1016/j.landusepol.2019.104179
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    Cited by:

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    2. Sisman, S. & Aydinoglu, A.C., 2022. "Improving performance of mass real estate valuation through application of the dataset optimization and Spatially Constrained Multivariate Clustering Analysis," Land Use Policy, Elsevier, vol. 119(C).
    3. Munkhbaatar Buuveibaatar & Kangjae Lee & Wonhee Lee, 2023. "Developing an LADM Valuation Information Model for Mongolia," Land, MDPI, vol. 12(4), pages 1-21, April.
    4. Paasch, Jesper M. & Paulsson, Jenny, 2023. "Trends in 3D cadastre – A literature survey," Land Use Policy, Elsevier, vol. 131(C).
    5. Jarosław Bydłosz & Agnieszka Bieda, 2020. "Developing a UML Model for the 3D Cadastre in Poland," Land, MDPI, vol. 9(11), pages 1-16, November.
    6. Kopczewska, Katarzyna & Ćwiakowski, Piotr, 2021. "Spatio-temporal stability of housing submarkets. Tracking spatial location of clusters of geographically weighted regression estimates of price determinants," Land Use Policy, Elsevier, vol. 103(C).
    7. Kara, Abdullah & Çağdaş, Volkan & Isikdag, Umit & van Oosterom, Peter & Lemmen, Christiaan & Stubkjaer, Erik, 2021. "The LADM Valuation Information Model and its application to the Turkey case," Land Use Policy, Elsevier, vol. 104(C).
    8. Kara, Abdullah & van Oosterom, Peter & Kathmann, Ruud & Lemmen, Christiaan, 2023. "Visualisation and dissemination of 3D valuation units and groups – An LADM valuation information compliant prototype," Land Use Policy, Elsevier, vol. 132(C).
    9. Barzegar, Maryam & Rajabifard, Abbas & Kalantari, Mohsen & Atazadeh, Behnam, 2021. "A framework for spatial analysis in 3D urban land administration – A case study for Victoria, Australia," Land Use Policy, Elsevier, vol. 111(C).
    10. Guler, Dogus & Yomralioglu, Tahsin, 2021. "A reformative framework for processes from building permit issuing to property ownership in Turkey," Land Use Policy, Elsevier, vol. 101(C).
    11. Siham El Yamani & Rafika Hajji & Gilles-Antoine Nys & Mohamed Ettarid & Roland Billen, 2021. "3D Variables Requirements for Property Valuation Modeling Based on the Integration of BIM and CIM," Sustainability, MDPI, vol. 13(5), pages 1-22, March.
    12. Yue Ying & Mila Koeva & Monika Kuffer & Kwabena Obeng Asiama & Xia Li & Jaap Zevenbergen, 2020. "Making the Third Dimension (3D) Explicit in Hedonic Price Modelling: A Case Study of Xi’an, China," Land, MDPI, vol. 10(1), pages 1-26, December.
    13. Tomić, Hrvoje & Ivić, Siniša Mastelić & Roić, Miodrag & Šiško, Josip, 2021. "Developing an efficient property valuation system using the LADM valuation information model: A Croatian case study," Land Use Policy, Elsevier, vol. 104(C).

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