Estimates Of The Need For Land In The Cities

Formation of a market economy in Belarus requires in-depth development of a number of new areas of science and practice. The process of corporatization of Belarusian enterprises, the emergence of the stock market, the development of insurance passage of commercial banks to make loans secured by property form the need for a new service – the valuation of the enterprise (business). The Earth as a location for businesses, property, provides the basis all the processes of social life taking place in the political, economic, social, industrial, municipal, environmental and other fields. Therefore, it has value and adequate assessment of land is one of the most important prerequisite for the normal functioning and development of economy and society. The need for a reliable assessment of the results of the objective of land experience as state and municipal agencies executive power in the land administration and private persons in the commission of various land transactions for the purposes of determining the most efficient, most effective development of a region, or a particular piece of land. With the development of market relations in Belarus at present the land is becoming a commodity, that is the subject of economic relations, and like any good land must have a consumer and market value. The land market, given its size and impressive pent-up demand of the population and legal entities has great prospects for development and transition to a qualitatively new level of his subjects.

The speed of its development largely depends on improving the legal framework and mechanism for land ownership. The strategic goal of public policy related to land and Real Estate is to provide the most favorable conditions for effective use and development of real estate to meet the needs of society and citizens. Land in the Republic of Belarus as a natural resource, property and the basic means of production is subject to valuation. During the transition to a market economy, a separate valuation of land immediately becomes especially necessary, since this approach to the assessment of real estate makes it relatively less expensive and time: facilitate the process of market pricing; provide a refund more quickly budgets of municipalities for the implementation of landscaping and public improvements; objectively assess the actual damages, lost profits or other compensation in the cases provided legislation; establish stakeholders bargain prices, including rent, mortgage amount, etc. Real estate appraisal – is the estimated cost or expertise of the property, or any interest therein of property carried out by an authorized person, a specialist in the analysis and evaluation of real estate. Evaluation process – a definite sequence of procedures used to obtain reliable and accurate assessment. Must strictly observe the technology assessment of the property, which includes a series of sequential steps: defining the objectives and functions of assessment, develop a plan of evaluation of the object and determine the best the most efficient use of the object, collecting and analyzing information. Accuracy of the estimate also depends on the proper use of assessment methods.