PECULIARITIES OF THE METHODS OF MONETARY VALUATION OF LAND IN UKRAINE
Keywords:land plot, expert monetary evaluation, normative monetary evaluation
Land is a lifelong asset, traditionally designated as one of the most reliable objects of investment, it does not require high maintenance costs and constantly grows in value. All over the world it is a successful and a reliable investment of any level. Depending on the purpose of the assessment, the methods of monetary land evaluation have their own characteristics. Normative monetary evaluation has a revenue basis, while expert monetary valuation is both revenue-based and cost-based and comparative, which is based on market and non-market evaluation databases. The object of the study is the normative and expert monetary evaluation of land plots and the methods used since their implementation. The theoretical and methodological basis of the study are the dialectical method basic provisions of cognition, scientific works of scientists. Empirical and abstract-logical research methods were used in the work. The analysis of the current regulatory framework for the monetary evaluation of land plots proved the existence of significant differences. This, in turn, has an impact on the existence of various methods and approaches to the monetary valuation of land. Among the three methodological approaches in Ukraine, the methods of the cost approach are most often used and if there is a sufficient number of similar objects, the comparative approach is used. It should be noted that normative and expert monetary evaluation of land in Ukraine differ from each other according to a number of criteria, such as: the basis for the evaluation, the purpose of the evaluation, the procedure for conducting it, the qualifications of the executor and the original documentation.