Determination of market value of arable land in the area of Mszana Dolna municipality, using the current valuation models
The aim of the work was to verify the currently available valuation approaches and algorithms, as illustrated with the example of a farming property located in the Małopolska region. The valuation of agricultural real estate property was carried out using the comparative approach (statistical method...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Publishing House of the University of Agriculture in Krakow
2018-05-01
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| Series: | Acta Scientiarum Polonorum. Formatio Circumiectus |
| Subjects: | |
| Online Access: | http://www.formatiocircumiectus.actapol.net/pub/17_2_117.pdf |
| _version_ | 1819041537336541184 |
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| author | Kamil Maciuk Weronika Puto |
| author_facet | Kamil Maciuk Weronika Puto |
| author_sort | Kamil Maciuk |
| collection | DOAJ |
| description | The aim of the work was to verify the currently available valuation approaches and algorithms, as illustrated with the example of a farming property located in the Małopolska region. The valuation of agricultural real estate property was carried out using the comparative approach (statistical method of market analysis, using a multiple linear regression model), then the income-based approach (investment method, by simple capitalization technique), and finally, the mixed approach (method of land index estimates). The analysis we have conducted produced varying results of the determination of value when using different valuation approaches. In the comparative and income-based approach, the values were obtained at a very similar level, which most probably results from correctly selected similar properties in both databases. The value of real estate obtained using the mixed approach turned out to be an excessively low and inadequate value compared to the values obtained in the other two approaches. |
| first_indexed | 2024-12-21T09:26:34Z |
| format | Article |
| id | doaj.art-840baefa36184b8cb32fddf94b370d9f |
| institution | Directory Open Access Journal |
| issn | 1644-0765 |
| language | English |
| last_indexed | 2024-12-21T09:26:34Z |
| publishDate | 2018-05-01 |
| publisher | Publishing House of the University of Agriculture in Krakow |
| record_format | Article |
| series | Acta Scientiarum Polonorum. Formatio Circumiectus |
| spelling | doaj.art-840baefa36184b8cb32fddf94b370d9f2022-12-21T19:08:52ZengPublishing House of the University of Agriculture in KrakowActa Scientiarum Polonorum. Formatio Circumiectus1644-07652018-05-0117211713310.15576/ASP.FC/2018.17.2.117Determination of market value of arable land in the area of Mszana Dolna municipality, using the current valuation modelsKamil Maciuk0Weronika Puto1Katedra Geodezji Zintegrowanej i Kartografii, AGH Akademia Górniczo-HutniczaKatedra Geodezji Zintegrowanej i Kartografii, AGH Akademia Górniczo-HutniczaThe aim of the work was to verify the currently available valuation approaches and algorithms, as illustrated with the example of a farming property located in the Małopolska region. The valuation of agricultural real estate property was carried out using the comparative approach (statistical method of market analysis, using a multiple linear regression model), then the income-based approach (investment method, by simple capitalization technique), and finally, the mixed approach (method of land index estimates). The analysis we have conducted produced varying results of the determination of value when using different valuation approaches. In the comparative and income-based approach, the values were obtained at a very similar level, which most probably results from correctly selected similar properties in both databases. The value of real estate obtained using the mixed approach turned out to be an excessively low and inadequate value compared to the values obtained in the other two approaches.http://www.formatiocircumiectus.actapol.net/pub/17_2_117.pdfreal estate valuationMałopolska regioncadastral land plotstatistical modelling |
| spellingShingle | Kamil Maciuk Weronika Puto Determination of market value of arable land in the area of Mszana Dolna municipality, using the current valuation models Acta Scientiarum Polonorum. Formatio Circumiectus real estate valuation Małopolska region cadastral land plot statistical modelling |
| title | Determination of market value of arable land in the area of Mszana Dolna municipality, using the current valuation models |
| title_full | Determination of market value of arable land in the area of Mszana Dolna municipality, using the current valuation models |
| title_fullStr | Determination of market value of arable land in the area of Mszana Dolna municipality, using the current valuation models |
| title_full_unstemmed | Determination of market value of arable land in the area of Mszana Dolna municipality, using the current valuation models |
| title_short | Determination of market value of arable land in the area of Mszana Dolna municipality, using the current valuation models |
| title_sort | determination of market value of arable land in the area of mszana dolna municipality using the current valuation models |
| topic | real estate valuation Małopolska region cadastral land plot statistical modelling |
| url | http://www.formatiocircumiectus.actapol.net/pub/17_2_117.pdf |
| work_keys_str_mv | AT kamilmaciuk determinationofmarketvalueofarablelandintheareaofmszanadolnamunicipalityusingthecurrentvaluationmodels AT weronikaputo determinationofmarketvalueofarablelandintheareaofmszanadolnamunicipalityusingthecurrentvaluationmodels |