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Economic Premises for Updating the Annual Fees for Perpetual Usufruct of Land in the Recession in the Property Market

Author

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  • Iwona Foryœ

    (Uniwersytet Szczeciñski, Wydzia³ Nauk Ekonomicznych i Zarz¹dzania, Instytut Ekonometrii i Statystyki)

Abstract

The fee update for perpetual usufruct (pu) of land is the subject of very going issue, despite the downturn in the real estate market., The process is particularly painful for users of perpetual estate in the centers of large cities, where prices are rising despite the crisis. The latter are in fact the basis for updating the market value of the land property for the purposes of calculating the new charges. The decision of the owner of land to take procedures, aiming to update these fees should be preceded by a detailed analysis of the market, confirming the economic premises for upgrade fees. Theoretical considerations are supplemented by empirical analysis, carried out in the local real estate market.

Suggested Citation

  • Iwona Foryœ, 2015. "Economic Premises for Updating the Annual Fees for Perpetual Usufruct of Land in the Recession in the Property Market," World of Real Estate Journal (Swiat Nieruchomosci), Fundacja Uniwersytetu Ekonomicznego w Krakowie, issue 91, pages 23-28, March.
    • Handle: RePEc:kra:journl:y:2015:i:91:p:23-28
    DOI: 10.14659/worej.2015.91.03
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    More about this item

    Keywords

    perpetual usufruct land; revaluation of annual fees; value of real estate;
    All these keywords.

    JEL classification:

    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis

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