IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2008_255.html
   My bibliography  Save this paper

Real Estate Surveying And Lcc For A Forest Real Estate

Author

Listed:
  • Nikolai Siniak

Abstract

In this paper a real estate surveying concept for a forest real estate is outlined. In this area the following terms are important: management strategy, income, value of forest real estate, value of business, surveying, life cycle costs (LCC). For forest companies forest real estate and property are either their most significant cost or most significant assets, but still forest companies underestimate the property value issues. The objective of the research is to determine how different business entities at an enterprise consider the property value: a) value estimation (valuation), and b) value management (property management). Three parties of one certain enterprise will be captured in the research: 1) Forest management, 2) Asset management, and 3) General management. In Asset Management LCC can be used for strategic and operational decisions as well as for controlling. The influence of different calculation methods on LCC-supported decisions will be demonstrated by examples. The topic is tightly related with two internationally relevant research fields: forest real estate management and valuation of properties. Both fields are new in Belarus and are almost not being examined. This paper creates a manual for the entire management process of a forest real estate: from creation and development to production.

Suggested Citation

  • Nikolai Siniak, 2008. "Real Estate Surveying And Lcc For A Forest Real Estate," ERES eres2008_255, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2008_255
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2008-255
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arz:wpaper:eres2008_255. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/eressea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.