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A Study on the Contaminated Land Valuation in Korea

  • Korea Real Estate Review
  • 2014, 24(2), pp.7-22
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

권현진 1

1한국부동산연구원 책임연구원

Accredited

ABSTRACT

Recently, there has been a growing interest in the valuation of contaminated properties and discussion of the promotion for soil environment assessments in real estate transactions. However, there has been little research about adaptation of contaminated land valuation in Korea. The purpose of this study is to review contaminated land valuation approaches and standards in other countries to be applied in Korea. As a result, this study proposes that preconditions need to be met in order for us to set up the requirements of contaminated land valuation. First, it will be required to develop standard calculation of clean-up costs. Second, this study makes a proposition that real estate appraisers need to cooperate with environmental pollution experts. Finally it will be required to improve the legal system related to soil environment assessment and real estate valuation.

Citation status

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