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Determining Fair Rental Value Of Land In The Hungarian Valuation Practice – A Methodological Approach

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  • Ferenc, Buzás
  • László, Posta
  • Sándor, Kiss
  • István, Mező

Abstract

The directive of 1666/2015. (IX. 21.) called ’Land for Farmers!’ has changed not only the legal terms and conditions but also the economic basis of land use in the relation of land use and resulting derivative demand. Institutionalized rental fees can be modified to market level only if it is confirmed by qualified expert’s report hired by the new land owner. Setting a fair rental value has quite a few methodological approaches. Due to the lack of a legally recommended calculation process, authors hereby are presenting a method to calculate fair rental value that is beneficial for both renter and owner. Foreign rental conditions related to the topic are also concerned in the article.

Suggested Citation

  • Ferenc, Buzás & László, Posta & Sándor, Kiss & István, Mező, 2017. "Determining Fair Rental Value Of Land In The Hungarian Valuation Practice – A Methodological Approach," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 11(3-4), December.
    • Handle: RePEc:ags:apstra:273267
    DOI: 10.22004/ag.econ.273267
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    References listed on IDEAS

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    4. Swinnen, Johan F.M., 2013. "Factor Markets: Comparative Analysis of Factor Markets for Agriculture Across Member States. Some Findings & Implications," 2013: Productivity and Its Impacts on Global Trade, June 2-4, 2013. Seville, Spain 152393, International Agricultural Trade Research Consortium.
    5. repec:ags:inpuer:188847 is not listed on IDEAS
    6. Breustedt, Gunnar & Habermann, Hendrik, 2009. "Determinants of Agricultural Cash Rents in Germany: A Spatial Econometric Analysis for Farm-Level Data," 2009 Conference, August 16-22, 2009, Beijing, China 51685, International Association of Agricultural Economists.
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    Agribusiness; Land Economics/Use;

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