Possibilities of mass valuation in land use in Hungary
https://doi.org/10.34101/actaagrar/1/9218
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This work is licensed under a Creative Commons Attribution 4.0 International License.
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Accepted 2021-04-12
Published 2021-06-01
Abstract
Technological development makes it possible to simplify and accelerate decision-making processes by adequately processing and evaluating large volumes of data. Sub-data obtained from large data sets have a very important practical role in asset valuation, forecasting and valuing delineated or difficult-to-map areas, or in the context of portfolio management. Land valuation is a separate segment within asset valuation and it requires a specific methodological approach on behalf of evaluators. In this study, the authors compared the transaction data of arable land and the value of other land use categories. Based on empirical assessments, the authors developed proposals for the fast and cost-effective determination of the value of land use categories other than arable land - mainly meadows and pastures.