IX INTERNATIONAL CONFERENCE
CONTEMPORARY ACHIEVEMENTS IN
CIVIL ENGINEERING
BOOK OF ABSTRACTS , 2024.y., pp. 123-123
MARKET VALUE ASSESSMENT OF CADASTRAL PARCELS USING HIGH-AND-BEST-USE ANALYSIS AND YIELD APPROACH| |
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| DOI: 10.14415/CACE2024.58 |
| UDC: 332.6 |
| CC-BY-SA 4.0 license |
| Author : Kostić, Dragan; Zlatanović, Milorad; Vasov, Miomir; Nedeljković, Miloš; Aleksić, Srđan |
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| | Summary: |
| | The purchase of cadastrial parcels for the implementation of infrastructure projects for the purpose as a borrow area or exploitation fields of natural resources in the field of construction, encounter difficulties due to insufficiently precise low regulations regarding the definition of the methodology for determining the market value of cadastrial parcels.
It is known that in the Republic Geodetic Autorithy registers has no data of traded parcels with the potential of stone/gravel material, therefore the Comparative Approach is inappropriate.
In such cases, it is necessary to apply the High And Best Use analysis and the Yield Approach, which should estimate the amount of profit that the buyer/user of the expropriation will make and determine the share of the client's property rights in the potential profit as an equal contractual participant. This paper will show how to aply Yield aproach to determine market value od parcel. |
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| | Keywords: |
| | PARCEL MARKET VALUE, HIGH-AND-BEST-USE, YIELD APPROACH |
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