IDEAS home Printed from https://ideas.repec.org/a/eee/lauspo/v136y2024ics0264837723004416.html
   My bibliography  Save this article

The German Verkehrswert (market value) of land: Statutory land valuation, spatial planning, and land policy

Author

Listed:
  • Davy, Benjamin

Abstract

In Germany, statutory land valuation has developed over the course of almost 60 years into a powerful tool of spatial planning and land policy. The key to statutory land valuation is the concept of Verkehrswert (market value). The Verkehrswert equals the likely selling price of a cadastral parcel of land in the usual course of business at the time of valuation, and considers the legal situation, the actual disposition of the parcel, any other relevant conditions, and the location of the land, but does not take into account unusual or personal circumstances. The article explains the elements of Verkehrswert (market value) which account for the plural values of land such as exchange value, use value, territorial value, and existence value. The German Verkehrswert is not merely an instrument of plan implementation (e.g., land readjustment or compensation for expropriation), but also an analytical tool that helps planners and land policymakers understand when their interventions in land markets are necessary and how they can be helpful.

Suggested Citation

  • Davy, Benjamin, 2024. "The German Verkehrswert (market value) of land: Statutory land valuation, spatial planning, and land policy," Land Use Policy, Elsevier, vol. 136(C).
  • Handle: RePEc:eee:lauspo:v:136:y:2024:i:c:s0264837723004416
    DOI: 10.1016/j.landusepol.2023.106975
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0264837723004416
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.landusepol.2023.106975?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Kara, Abdullah & Çağdaş, Volkan & Isikdag, Umit & van Oosterom, Peter & Lemmen, Christiaan & Stubkjaer, Erik, 2021. "The LADM Valuation Information Model and its application to the Turkey case," Land Use Policy, Elsevier, vol. 104(C).
    2. Karl Brandt & Charles L. Stewart, 1937. "Land Valuation in Germany," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 19(1), pages 173-189.
    3. Horvath, Sabine & Soot, Matthias & Zaddach, Sebastian & Neuner, Hans & Weitkamp, Alexandra, 2021. "Deriving adequate sample sizes for ANN-based modelling of real estate valuation tasks by complexity analysis," Land Use Policy, Elsevier, vol. 107(C).
    4. Raymond Unwin, 1914. "The Relation of Land Values and Town Planning," The ANNALS of the American Academy of Political and Social Science, , vol. 51(1), pages 17-24, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Munkhbaatar Buuveibaatar & Kangjae Lee & Wonhee Lee, 2023. "Developing an LADM Valuation Information Model for Mongolia," Land, MDPI, vol. 12(4), pages 1-21, April.
    2. Kara, Abdullah & Lemmen, Christiaan & van Oosterom, Peter & Kalogianni, Eftychia & Alattas, Abdullah & Indrajit, Agung, 2024. "Design of the new structure and capabilities of LADM edition II including 3D aspects," Land Use Policy, Elsevier, vol. 137(C).
    3. Hicret Gürsoy Sürmeneli & Mila Koeva & Mehmet Alkan, 2022. "The Application Domain Extension (ADE) 4D Cadastral Data Model and Its Application in Turkey," Land, MDPI, vol. 11(5), pages 1-16, April.
    4. Radulović, Aleksandra & Sladić, Dubravka & Govedarica, Miro & Raičević, Dušan, 2023. "Using LADM and BIM for property and tourist taxation in the municipality of Bar, Montenegro," Land Use Policy, Elsevier, vol. 131(C).
    5. van Oosterom, Peter & Unger, Eva-Maria & Lemmen, Christiaan, 2022. "The second themed article collection on the land administration domain model (LADM)," Land Use Policy, Elsevier, vol. 120(C).
    6. Sisman, S. & Aydinoglu, A.C., 2022. "Improving performance of mass real estate valuation through application of the dataset optimization and Spatially Constrained Multivariate Clustering Analysis," Land Use Policy, Elsevier, vol. 119(C).
    7. Kara, Abdullah & van Oosterom, Peter & Kathmann, Ruud & Lemmen, Christiaan, 2023. "Visualisation and dissemination of 3D valuation units and groups – An LADM valuation information compliant prototype," Land Use Policy, Elsevier, vol. 132(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:lauspo:v:136:y:2024:i:c:s0264837723004416. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joice Jiang (email available below). General contact details of provider: https://www.journals.elsevier.com/land-use-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.