Comparison of Real Estate Values Determined in Poland and Ukraine in Context of State Border Historical Changes

Abstract

Abstract:As an outcome of the state border changes determined by the warfare in Europe during the first half of the 20 th century, some of the migrating population were forced to leave their properties located in what had suddenly become a different country. The country of Poland compensated its citizens for real property losses resulting from leaving such properties outside of the new country borders. The Polish legislation then came out with new procedures that enabled such a property valuation. These are based on the Real Estate Management Act. The valuation is conducted based on similar real property appraisal; properties that are located in comparable market areas within the current borders of Poland. The purpose of the study is to verify whether the determined value corresponds with the current market value within a local real estate market. As an example, we used a sample property located in Lviv. Value estimation was exercised twice -based on data available for the local market (Lviv) and for the market determined according to the comparability to Polish regulations; i.e., on the basis of real estate data in Krakow.

Aspects of Agricultural Real Estate Management in the Value Approach in Ukraine

“…an explanatory note describing the purpose of their valuation, the subject of the valuation, calculation of the normative monetary valuation for the lands within the region; -description of works, including the conditions and deadlines; -the decision concerning the maintenance of the normative monetary valuation of agricultural lands, made in accordance to binding regulations on land valuation; -a copy of cadastral maps (plans) presenting natural and agricultural areas within the region; -a cartogram presenting distribution of agro-production land groups of the region; -extension of the normative monetary valuation of agro-production groups of agricultural lands in the region [12].…”