Information on standard land values 2020

The standard land value (Section 196 of the German Building Code) is the average location value for the land. It must be determined and published at least every two years for a number of properties for which the utilisation and value conditions are essentially the same. Standard land values are to be determined across the board, in particular for land ready for construction and land used for agriculture and forestry. The different stages of development must be taken into account.

What does the guide value depend on?

The standard land value for the sale of a house is primarily based on the officially recorded average purchase price in a region. This means that the location of a property is the main factor determining the standard land value. The region as well as the neighbourhood and infrastructure can affect the value.

OTHER FACTORS FOR THE STANDARD LAND VALUE

• Property shape and size
• Nature of the soil
• Possibilities for development
• Degree of development
• Planting of the property

Determining the market value of the property

The standard land value is based on the square metre of land area. The value-influencing characteristics of the standard land value property must be shown. In built-up areas, standard land values are to be determined using the value that would result if the land were undeveloped. Information on the standard land values can be obtained from the offices of the expert committees. Written information is subject to a charge. The market value of a property may deviate from the standard land value. It is determined by many factors that the standard land value as an average location value for the land cannot take into account. As a rule, the market value can only be determined by an expert opinion.

Source: www.gutachterausschuesse-online.de

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