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Territorial Extrapolation of Basic Data as a Solution of the Problem of Its Deficiency during Mass Appraisal

Author

Listed:
  • Jana Volkova

    (Saint Petersburg State University of Architecture and Civil Engineering, 4 Vtoraya Krasnoarmeiskaya, 190005 Saint Petersburg, Russia)

  • Elena Bykowa

    (Department of Engineering Geodesy, Saint Petersburg Mining University, 21-Line, 2, 199106 Saint Petersburg, Russia)

  • Maria Hełdak

    (Department of Spatial Management, Wrocław University of Environmental and Life Sciences, ul. Grunwaldzka 55, 50-357 Wrocław, Poland)

  • Katarzyna Przybyła

    (Department of Spatial Management, Wrocław University of Environmental and Life Sciences, ul. Grunwaldzka 55, 50-357 Wrocław, Poland)

  • Sebastian Pawlak

    (Department of Spatial Management, Wrocław University of Environmental and Life Sciences, ul. Grunwaldzka 55, 50-357 Wrocław, Poland)

Abstract

The article is devoted to the application of the territorial extrapolation of basic data method during a mass (cadastral) assessment of a territory that is characterized by an acute lack of market information. In the framework of the study, an acute lack is understood as the conditions when for the assessing territory there are less than five transaction (offer) prices suitable for regression models. The idea of the method is to use market information of territories that are comparable in a composition of pricing factors and the nature of their influence on the cost, as well as in terms of price levels. The developed method includes such stages as collection of basic data, creation of thematic maps, grouping of estimated territories by price level and composition of pricing factors and modeling. The method was applied to assess land plots that have the type of permitted use “for individual housing construction” and belong to the mass appraisal segment “gardening and horticulture, low-rise residential buildings” in the settlements of the Republic of Udmurtia. The results of approbation shown that the method of territorial extrapolation helps to overcome an acute shortage of market information and build statistically significant models of the cadastral values of land plots.

Suggested Citation

  • Jana Volkova & Elena Bykowa & Maria Hełdak & Katarzyna Przybyła & Sebastian Pawlak, 2021. "Territorial Extrapolation of Basic Data as a Solution of the Problem of Its Deficiency during Mass Appraisal," Land, MDPI, vol. 10(7), pages 1-14, July.
    • Handle: RePEc:gam:jlands:v:10:y:2021:i:7:p:750-:d:596396
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    References listed on IDEAS

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    1. Alexey Pavlovich ANISIMOV & Marina Jurievna KOZLOVA & Anatoly Jakovlevitch RIZHENKOV, 2013. "Actual problems of the antimonopoly requirements` observance in the bidding for the sale of land in the Russian Federation," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4, pages 145-156, June.
    2. Glenn Milligan & Martha Cooper, 1985. "An examination of procedures for determining the number of clusters in a data set," Psychometrika, Springer;The Psychometric Society, vol. 50(2), pages 159-179, June.
    3. 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.
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