Methodical approaches to the land resources mass valuation
Economic Annals-ХХI: Volume 139, Issue 3-4(1), Pages: 93-96
Citation information:
Ibatullin, S., & Stepenko, O. (2014). Methodical approaches to the land resources mass valuation. Economic Annals-XXI, 3-4(1), 93-96. https://ea21journal.world/index.php/ea-v139-24/
Shamil Ibatullin
D.Sc. (Economics),
Associate Professor,
Deputy Director,
Institute of Environmental Economics and Sustainable Development of the
National Academy of Sciences of Ukraine
60 Shevchenko Blvd, Kyiv, 01032, Ukraine
shamilibatullin@gmail.com
Oleksiy Stepenko
PhD (Economics),
Senior Research Fellow,
Institute of Environmental Economics and Sustainable Development of the
National Academy of Sciences of Ukraine
60 Shevchenko Blvd, Kyiv, 01032, Ukraine
StepenkoAlex@ukr.net
Methodical approaches to the land resources mass valuation
Abstract. Introduction. The development of modern approaches to the valuation of the country’s land resources needs creation and implement of innovative methods, especially in a context where existing methods in the market lost its relevance. The authors determined that one of the promising directions to improve the valuation system of lands with different purpose is to develop mass valuation of land. Purpose. Definition of methodological approaches to land resources mass valuation in the current market conditions. Results. An algorithm of mass land valuation, which is a specific framework for action on the definition of real market value of the property assessment. The classification of the factors influencing the market value of the land helps to improve the objectivity of the evaluation. The authors proposed a specific mass valuation model to improve the effectiveness of the land assessment system and land relations. The models’ of land resources mass valuation practical strengths and weaknesses were identified. Conclusion. Development of methodical approaches to mass valuation of the land resources will provide an opportunity to establish the basic value of real estate in order to justify the taxation system; land mortgage; socio-economic zoning; initial value of transactions for the purchase and sale; Market Research for realtors and insurance companies and others.
Keywords: Land Resources; Mass Valuation; the Market Value of Land; Natural Resource Sphere
JEL Classification: Q24
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Received 22.02.2014