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Norm

ÖNORM B 1802-3

Issue date: 2014 08 01

Real estate evaluation - Part 3: Residual value method

The residual value method is used to determine the market value of undeveloped properties, development projects and developed property in which a fundamental revitalizati...
Valid
The residual value method is used to determine the market value of undeveloped properties, development projects and developed property in which a fundamental revitalization is planned. The residual value method is particularly suitable for: the valuation of undeveloped properties, if no suitable reference prices are available in sufficient numbers and therefore the application of the comparative value method (according to § 4 LBG) resigns; the assessment of fair value of an imminent, concretized project development or an under construction project; the valuation of developed properties that have reached the end of their economic usefulness and for which therefore a revitalization / redevelopment is planned and to check the highest and best use of developed properties.
ÖNORM B 1802-3
2014 08 01
Real estate evaluation - Part 3: Residual value method
Norm
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Real estate valuation - Part 1: Terms and definitions, principles and comparative value, asset value and capitalised earnings methods