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11-07: Valuing Unregistered Land
Earth Observation For Land Titling And Land Value Estimations
1Inter-American Development Bank, Bolivia; 2Satelligence, The Netherlands; 3European Space Agency, Italy; 4Geoville, Austria; 5eLEAF, The Netherlands; 6University of Twente, The Netherlands
Precise land valuation is necessary for an efficient allocation of resources and territorial planning. Such information can be obtained from real data transactions in limited areas where they occurred, leaving the rest of the land valuation depending on precise estimation models. In many low and middle-income countries the data needed as input is scarce, limiting model application potential. This study presents an alternative to the use of soil maps to estimate land values, by using satellite-derived deforestation and other parameters. Examples from Bolivia will illustrate significant improvement over previous land price models, allowing us to develop a land price index to inform farmers about current price trends and expected sale price for their own land. Continuous monitoring also helps to address land tenure control issues resulting from unbridled soy and livestock expansion leading to deforestation. Adding biomass production estimations based on new European Sentinel satellite data can further improve the estimations.
RICS Research Valuation of Unregistered Land – The Reality of Functioning Informal Land and Property Markets in Ghana, Peru & Indonesia
1RICS, United Kingdom; 2International Land Policy, Australia; 3University of Technology Sydney, Australia
RICS has recently carried out a wide ranging research project looking at the realities of functioning informal land & property markets in Ghana, Peru and Indonesia. This is the first time that informal land markets have been studied in this way and this research and the findings should help provide a wealth of background information to anyone working or who has an interest in this sector. This research has focused on how and what valuation methodologies are currently used to value informal land in these geographies, the need for alternative valuation methods encompassing such complex issues as social, environmental, reasonableness, and the conclusion that current global valuation methods may be, in some circumstances, inappropriate. The research both builds on previous work in this important sector and helps provide an evidence base for current initiatives such as the UN Habitat GLTN ‘Valuation of unregistered land guide’.
Valuation of Unregistered Lands in Developing Countries: Challenges, Applications and Potential Impacts for Responsible Land Governance
1UN-Habitat/GLTN, Kenya; 2Global Property Advisory; 3Private Consultant; 4South Pacific Property Advisors
Valuation of unregistered land in developing countries is in the critical path of achieving many important global, regional and national development goals such as: addressing climate change, sustainable urban development, food security, promoting responsible investments, addressing the conflict often associated with large-scale land investments, and common human rights abuses associated with land all which if not checked affect the poor and women most. These may be immediate and urgent needs. The affected parties require accurate market valuations for many different reasons; neither they nor valuers can afford to wait until their markets are formalised. Rather, valuers (including those working with government authorities) should be at the coal face of seeking, understanding and developing land markets, rather than sitting back and waiting to be served by other property professionals.