The Apportionment of Real Estate Value Between Land and Buildings
The Valuation Journal, 2012, vol. 7, issue 1, 32-47
The most often encountered "exercise" that professional valuers face is allocation between land and buildings. This operation is performed for various purposes, most of them related to financial reporting. There is no theory related to this allocation process that can be used in a unitary manner by valuers in their activity. This is the reason why, in the present article, we have selected several frequent situations which were treated in different manners, some of them being wrong, in our opinion. Thus we have analyzed and provided an explanation and an approach method of the value allocation issue between the land and constructions built on it, in the case of real estates located on the ground floor of blocks (the land being owned as an undivided interest), as well as for the real estate of which the related land was leased.
JEL-codes: G32 M41 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:vaj:journl:v:7:y:2012:i:1:p:32-47
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