The nature of land use changes under the influenced by the state and the private sector. Economic conditions provide new opportunities to fluctuate in the money supply and interest rates. Principles relating to the operation principle of the factors of production assets, The property is a complex production system, the yield is determined by four factors: management, labor, capital and land. The principle of residual productivity. The basis of land value based on its residual productivity. Any kind of economic activity requires the following factors: management, labor, capital and land.
Each factor has to be paid out of net income. The principle of contribution. Contribution – the amount of growth economic value of the object, as a result of any new factor, rather than the actual cost of this very factor. The principle of balance. The maximum value is reached or the object of property preserved when the factors of production economically balanced. The cost depends on the object property a balance of four elements: rent, labor (wages), capital (investment, deposit) coordination of control (management). Definition of the principle: any of their respective optimal amount of various factors of production with a combination that maximizes the value property. The principle of the most effective use – a synthesis of all three groups of principles that have been considered.
Of the options chosen option best and most efficient use of property complex, which is physically possible, sufficiently justified and financially feasible, in which the most fully realized, are features of the property complex, which leads to the highest value object. It is this version utilizes a to estimate the cost. 2. 3 Factors affecting the cost of property companies Factors Physical characteristics, environment, location Location: the climate, resources, topography, soils, soil, in relation to the business center, places of employment, residential areas, roads, railways, coast, green spaces, communal facilities, roads, etc. In fact size: size, shape, size, topography, access roads, landscaping, view of the zoning, easement, general appearance, attractiveness, etc. Buildings and structures: the number, type, year, quality of construction, style, planning, construction, etc. Economic general condition of the world economy, the economic situation in the country, region, local level, the financial condition of enterprises Ask: employment, wages and value fees and income, solvency, availability of funding sources, the rate of%, the rental rate, cost of sales during the formation of Suggestions: Area available for sale of land, the number of objects on display at sale, the costs of development assistance, the cost of providing financing, taxes, Social basic needs in land acquisition, real estate, businesses basic need to communicate with others, relating to nearby objects and their owners a sense of ownership Trends in population, family size, aging or rejuvenation Trends in educational attainment, crime rates Lifestyle, living Administrative (policy), legal tax, financial policies Providing all kinds of benefits control land use, rents Zoning: injunction, limited or liberal Building Regulations: restrictive or liberal Services Municipal Services: roads, landscaping, engineering equipment, public transport, schools, health and safety, Fire Service