Land reference values: Important update for our region

Land reference values: Important update for our region

The city administration recently decided on an important measure to update the land values. These values ​​are crucial for property valuation and determining property prices. The adjustment is made within the framework of the Building Code and the Expert Committee Ordinance, which define the legal basis for such changes.

The standard land values ​​are a kind of guide for buyers and sellers of property. They indicate how much one square meter of land in a certain area is worth. These values ​​are regularly reviewed and adjusted to reflect current market conditions. The last update was a few years ago and it was time to revise the numbers.

Update details

The standard land values ​​are checked by the appraisal committee, which consists of experts who are familiar with the real estate market. These professionals analyze sales data to determine realistic and fair values. The new values ​​are then published and available to the public so that everyone has access to this information.

The city administration emphasizes that updating the land values ​​is not only important for buyers and sellers, but also for the planning of urban projects. These values ​​help the city make informed decisions about future developments and plan infrastructure accordingly.

The new land reference values ​​will be published in the coming weeks. Interested citizens can find out the exact numbers on the city's website. The adjustments are expected to have both positive and negative impacts on the real estate market, depending on the location and type of property.