ESTIMATED ZONING OF THE TERRITORY OF A SETTLEMENT IN AN UNDEVELOPED REAL ESTATE MARKET

The article deals with the issue of price zoning and how to determine adjustments to real estate values using statistical methods in areas with underdeveloped real estate markets. Using the city of Totma, Vologda Oblast as an example, adjustments are shown by comparing cadastral values. Initial data was obtained from the public cadastre map on the Rosreestr website. Based on specific cadastral value indicators, coefficients were calculated for five groups of property types - land plots with various permitted uses and buildings. After categorizing properties within cadastral boundaries and calculating coefficients for changes in value based on location, the area was divided into five estimated zones. During the testing of the results, we calculated the coefficient of change in the value for two pairs of real estate objects, for which prices per square meter were known. The coefficients we obtained fell within the expected range, given the location of the properties.

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Publication Details

Journal
Moscow Economic Journal
Published
2025-03-30
DOI
https://doi.org/10.55186/2413046x_2025_10_3_83
Primary Topic
Urban Planning and Valuation
Type
article
Field-Weighted Citation Impact
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article

ESTIMATED ZONING OF THE TERRITORY OF A SETTLEMENT IN AN UNDEVELOPED REAL ESTATE MARKET

E. V. Protopopova, Anatoliy Belyy, D.A. Zavarin, N.V. Anisimov et al.
Moscow Economic Journal
Urban Planning and Valuation
article

ESTIMATED ZONING OF THE TERRITORY OF A SETTLEMENT IN AN UNDEVELOPED REAL ESTATE MARKET

E. V. Protopopova, Anatoliy Belyy, D.A. Zavarin, N.V. Anisimov, Andrey Tesalovskiy
article en

Abstract

The article deals with the issue of price zoning and how to determine adjustments to real estate values using statistical methods in areas with underdeveloped real estate markets. Using the city of Totma, Vologda Oblast as an example, adjustments are shown by comparing cadastral values. Initial data was obtained from the public cadastre map on the Rosreestr website. Based on specific cadastral value indicators, coefficients were calculated for five groups of property types - land plots with various permitted uses and buildings. After categorizing properties within cadastral boundaries and calculating coefficients for changes in value based on location, the area was divided into five estimated zones. During the testing of the results, we calculated the coefficient of change in the value for two pairs of real estate objects, for which prices per square meter were known. The coefficients we obtained fell within the expected range, given the location of the properties.

Moscow Economic Journal
Vologda State University (RU)
Openalex Percentile: Top 91%
Urban Planning and Valuation
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ESTIMATED ZONING OF THE TERRITORY OF A SETTLEMENT IN AN UNDEVELOPED REAL ESTATE MARKET — E. V. Protopopova, Anatoliy Belyy, et al. · Moscow Economic Journal (2025) | TGRS Research Map | TGRS