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Automating the land valuation process carried out in land consolidation schemes

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  • Demetriou, Demetris

Abstract

Land consolidation is an effectual land management procedure aiming to sustainable development. A critical issue in land consolidation schemes is land valuation which is a type of mass appraisal that is generally carried out using an empirical process. As a result, the process is time consuming, costly and the outcomes are not adequately accurate, reliable and consistent. A solution to these problems is the employment of automated valuation models (AVMs). In this context, this paper presents the development, implementation and evaluation of two hedonic price models based on a linear and a non-linear function combined with a geographical information system (GIS), applied to a case study area in Cyprus. Models tested for quality assurance based on international standards. The evaluation based on international standards showed that the both models produced very good results and a small sample of land values provided by the Land Valuation Committee (LVC) is adequate to automate the land valuation process resulting in an adequate accuracy, reliability and consistency. Consequently, the AVM is highly efficient compared to conventional land valuation methods since it may considerably reduce the time and resources used and provide transparency because the process has been converted from empirical to systematic, analytical and standardized.

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  • Demetriou, Demetris, 2018. "Automating the land valuation process carried out in land consolidation schemes," Land Use Policy, Elsevier, vol. 75(C), pages 21-32.
    • Handle: RePEc:eee:lauspo:v:75:y:2018:i:c:p:21-32
    DOI: 10.1016/j.landusepol.2018.02.049
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    Cited by:

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    5. Glumac, Brano & Herrera-Gomez, Marcos & Licheron, Julien, 2019. "A hedonic urban land price index," Land Use Policy, Elsevier, vol. 81(C), pages 802-812.
    6. Tezcan, Ahmet & Büyüktaş, Kenan & Akkaya Aslan, Şerife Tülin, 2020. "A multi-criteria model for land valuation in the land consolidation," Land Use Policy, Elsevier, vol. 95(C).
    7. Álvarez, Inmaculada C. & Orea, Luis & Perez-Mendez, Jose A., 2019. "Rural and agricultural development by land consolidation: a spatial production analysis of Asturias´ parishes," Efficiency Series Papers 2019/04, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
    8. Elena Bykowa & Maria Skachkova & Ivan Raguzin & Irina Dyachkova & Maxim Boltov, 2022. "Automation of Negative Infrastructural Externalities Assessment Methods to Determine the Cost of Land Resources Based on the Development of a “Thin Client” Model," Sustainability, MDPI, vol. 14(15), pages 1-29, July.
    9. Ertunç, Ela & Karkınlı, Ahmet Emin & Bozdağ, Aslı, 2021. "A clustering-based approach to land valuation in land consolidation projects," Land Use Policy, Elsevier, vol. 111(C).
    10. Zeng, Zhongping & Li, Siqi & Lian, Jiunn-Woei & Li, Jiang & Chen, Tao & Li, Yujia, 2021. "Switching behavior in the adoption of a land information system in China: A perspective of the push–pull–mooring framework," Land Use Policy, Elsevier, vol. 109(C).
    11. Ertunç, Ela & Uyan, Mevlut, 2022. "Land valuation with Best Worst Method in land consolidation projects," Land Use Policy, Elsevier, vol. 122(C).
    12. GLUMAC Brano & DES ROSIERS François, 2018. "Real estate and land property automated valuation systems: A taxonomy and conceptual model," LISER Working Paper Series 2018-09, Luxembourg Institute of Socio-Economic Research (LISER).
    13. Basista, Izabela & Balawejder, Monika, 2020. "Assessment of selected land consolidation in south-eastern Poland," Land Use Policy, Elsevier, vol. 99(C).
    14. Unel, Fatma Bunyan & Yalpir, Sukran, 2023. "Sustainable tax system design for use of mass real estate appraisal in land management," Land Use Policy, Elsevier, vol. 131(C).
    15. Orea, Luis & José A. Pérez-Méndez & Álvarez, Inmaculada C., 2021. "Does land consolidation promote livestock production and combat rural depopulation? A multi-cohort multi-treatment Difference-in-Difference analysis of parishes in northern Spain," Efficiency Series Papers 2021/05, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
    16. Przemysław Leń & Michał Maciąg & Klaudia Maciąg, 2023. "Design of an Automated Algorithm for Delimiting Land Use/Soil Valuation Classes as a Tool Supporting Data Processing in the Land Consolidation Procedure," Sustainability, MDPI, vol. 15(11), pages 1-15, May.
    17. Daikun Wang & Victor Jing Li, 2019. "Mass Appraisal Models of Real Estate in the 21st Century: A Systematic Literature Review," Sustainability, MDPI, vol. 11(24), pages 1-14, December.
    18. Ela Ertunç & Zlatica Muchová & Hrvoje Tomić & Jaroslaw Janus, 2022. "Legal, Procedural and Social Aspects of Land Valuation in Land Consolidation: A Comparative Study for Selected Central and Eastern Europe Countries and Turkey," Land, MDPI, vol. 11(5), pages 1-22, April.
    19. Elena Bykowa & Maria Hełdak & Julia Sishchuk, 2020. "Cadastral Land Value Modelling Based on Zoning by Prestige: A Case Study of a Resort Town," Sustainability, MDPI, vol. 12(19), pages 1-26, September.
    20. Przemysław Leń & Klaudia Maciąg & Michał Maciąg & Justyna Wójcik-Leń & Katarzyna Kocur-Bera, 2023. "Proposed Algorithm for the Optimisation of the Process of Generating the Geometry of Land Use/Soil Valuation Classes for Land Consolidation," Sustainability, MDPI, vol. 15(10), pages 1-15, May.
    21. Kara, Abdullah & van Oosterom, Peter & Çağdaş, Volkan & Işıkdağ, Ümit & Lemmen, Christiaan, 2020. "3 Dimensional data research for property valuation in the context of the LADM Valuation Information Model," Land Use Policy, Elsevier, vol. 98(C).

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