Modeling market value of land plots using GIS
This work examines the regulatory framework for expert monetary valuation of land plots. Scientific research on the development and improvement of economic-statistical methods for mass monetary valuation of land plots is analyzed. The peculiarities and advantages of using GIS in the valuation proce...
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2024-09-01
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| Series: | Geodesy and Cartography |
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| Online Access: | https://jbem.vgtu.lt/index.php/GAC/article/view/19921 |
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| author | Roman Shulgan Kateryna Nikolaichuk |
| author_facet | Roman Shulgan Kateryna Nikolaichuk |
| author_sort | Roman Shulgan |
| collection | DOAJ |
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This work examines the regulatory framework for expert monetary valuation of land plots. Scientific research on the development and improvement of economic-statistical methods for mass monetary valuation of land plots is analyzed. The peculiarities and advantages of using GIS in the valuation procedure are considered. A structure of the valuation database is developed for the effective selection of comparable plots during valuation by comparing sales prices and market analysis. The valuation database is formed based on data on land plot sales. Price formation factors are analyzed in order to construct an economic-statistical model of market value for land plots in Rivne. Scales of indicator values are proposed for formalizing the assessment of price formation factors. Functions of the ArcGIS are used to establish indicator values. The market value of land plots is modeled using multiple regression analysis. Additionally, a surface of land plot values is constructed, which serves to determine the approximate market value. The model has been verified using GIS tools. An accuracy assessment of the developed model has been carried out.
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| format | Article |
| id | doaj-art-85ea9377d96e4cca80a6d2463710d64c |
| institution | OA Journals |
| issn | 2029-6991 2029-7009 |
| language | English |
| publishDate | 2024-09-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | Geodesy and Cartography |
| spelling | doaj-art-85ea9377d96e4cca80a6d2463710d64c2025-08-20T01:55:12ZengVilnius Gediminas Technical UniversityGeodesy and Cartography2029-69912029-70092024-09-0150310.3846/gac.2024.19921Modeling market value of land plots using GISRoman Shulgan0Kateryna Nikolaichuk1Department of Land Management, Cadastre, Land Monitoring and Geoinformatics, Educational and Scientific Institute Agroecology and Land Management, National University of Water and Environmental Engineering, Rivne, UkraineDepartment of Land Management, Cadastre, Land Monitoring and Geoinformatics, Educational and Scientific Institute Agroecology and Land Management, National University of Water and Environmental Engineering, Rivne, Ukraine This work examines the regulatory framework for expert monetary valuation of land plots. Scientific research on the development and improvement of economic-statistical methods for mass monetary valuation of land plots is analyzed. The peculiarities and advantages of using GIS in the valuation procedure are considered. A structure of the valuation database is developed for the effective selection of comparable plots during valuation by comparing sales prices and market analysis. The valuation database is formed based on data on land plot sales. Price formation factors are analyzed in order to construct an economic-statistical model of market value for land plots in Rivne. Scales of indicator values are proposed for formalizing the assessment of price formation factors. Functions of the ArcGIS are used to establish indicator values. The market value of land plots is modeled using multiple regression analysis. Additionally, a surface of land plot values is constructed, which serves to determine the approximate market value. The model has been verified using GIS tools. An accuracy assessment of the developed model has been carried out. https://jbem.vgtu.lt/index.php/GAC/article/view/19921expert monetary valuationlands of settlementsGISland plotmodelingmarket value |
| spellingShingle | Roman Shulgan Kateryna Nikolaichuk Modeling market value of land plots using GIS Geodesy and Cartography expert monetary valuation lands of settlements GIS land plot modeling market value |
| title | Modeling market value of land plots using GIS |
| title_full | Modeling market value of land plots using GIS |
| title_fullStr | Modeling market value of land plots using GIS |
| title_full_unstemmed | Modeling market value of land plots using GIS |
| title_short | Modeling market value of land plots using GIS |
| title_sort | modeling market value of land plots using gis |
| topic | expert monetary valuation lands of settlements GIS land plot modeling market value |
| url | https://jbem.vgtu.lt/index.php/GAC/article/view/19921 |
| work_keys_str_mv | AT romanshulgan modelingmarketvalueoflandplotsusinggis AT katerynanikolaichuk modelingmarketvalueoflandplotsusinggis |