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A Study of Use Zones and Subdividing in Real Estate Appraisal

  • Korea Real Estate Review
  • 2008, 18(2), pp.9-26
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

kyungkyu seo 1

1대구가톨릭대학교

Candidate

ABSTRACT

It is very important to determine use zones in real estate appraisal using the comparison approach. According to the zone, forces influencing the value of land are different and a neighborhood is determined. Even though current relevant laws about use zones are illogical and confusing, concrete researches haven't been sufficient till now. The purpose of this study is to find out the problems with current subdivision system for use zones and furthermore to present rational methods improving the current system. The results of the study are as follows : Firstly, terminology has to be unified. Secondly, there needs to be rationality, parsimony and objectivity in subdivision criterion of use zones. Using those criterion, zones are made up of commercial zones, residential zones, industrial zones, agricultural zones, forest zones, reserved zones and the others.

Citation status

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