How to assess the impact of hope on a change in the use of land on market value?

Oleksandr Drapikovskyi, Iryna Ivanova, Małgorzata Renigier-Biłozor and Sabina Źróbek

Land Use Policy, 2020, vol. 97, issue C

Abstract: This article is devoted to common yet quite specific approaches to valuation practice tasks that are involved in determining the market value of real properties in areas of possible land use changes. An intrinsic element of market value in such areas is the hope value, for which an option pricing model is used quite frequently.

Keywords: Highest and best use; Hope value; Land valuation; Market value; Samuelson-McKean model (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:lauspo:v:97:y:2020:i:c:s0264837719319957

DOI: 10.1016/j.landusepol.2020.104746

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