Foreign experience of research pricing factors of cadastral value

The Institute for valuation is closely connected with market relations in our country, and in modern conditions it is increasingly penetrating into budgetary processes, having a significant impact primarily on the formation of regional and municipal revenues. Individual valuation of objects is closely related to the system of determining cadastral value, with the methodology of its calculation. Along with this, there are many unsolved methodological issues of mass valuation. In mass valuation models, it is necessary to take as a basis a larger number of pricing factors - qualitative and quantitative characteristics affecting the cadastral value of the land plot: location of the land plot, availability of communications, infrastructure provision, external environmental factors, and others. It is necessary to pay attention to the existing foreign experience, selecting the most suitable models for specific situations. For example, one cannot fail to take into account the influence of town-planning norms on the cost of land, both with the existing zoning, and in planning. Price zoning, based on cadastral value, can serve as a predictive model for effective use of the territory. Foreign experience of studying factors affecting the cost of urban land has a special interest for Russia in connection with the special role of agglomerations in the emerging concept of spatial development of the country. An analysis of foreign studies has shown that, despite the availability of extensive statistical data, the question of the impact of certain factors on the cost of the site is acute. This analysis is of practical value for the state budgetary institutions that are being created today to estimate the cadastral value when constructing the valuation model, since these institutions need to create a system for collecting sufficient and reliable market information for the transparency of valuation models and increasing the objectivity of the system itself. It is necessary to expand the list of pricing factors of urban land, as currently there are only 6 factors in legislation, while 13 factors are additionally used for the "agricultural use" segment. In our opinion, with the ongoing transformation of the system of state cadastral valuation of real estate due to its important importance for the budget processes of the country, it is necessary to expand the number of pricing factors used in the valuation models and qualitatively change the system of collecting initial information.

Keywords

Authors

References