Land Valuation

Introduction

Land valuation is the process of determining the monetary value of a piece of land

It is an important consideration for many financial and economic activities, including:

• Property transfers
• Taxes
• Town Planning
• Business Valuations
• Public Investment Decisions

Land value is determined by a number of factors, including:

The condition of the property, The property's proximity to amenities and resources, The state of the market, and Similar land transactions in the vicinity