Definition: Quantity times price approach
Land estimation
Approach to obtain the combined value of land and structures on the land based on information on quantity (i.e. number of dwellings) and the real estate price. This approach is usually applied for residential real estate and cultivated land.
Source:
Eurostat, Organization for Economic Cooperation and Development (OECD), "Eurostat-OECD compilation guide on land estimation", Luxembourg, Paris, 2015
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