1. Home
  2. UK Finance Discussions
  3. Factors affecting the price of land

Factors affecting the price of land

I am considering buying a property in the Tatra region of Slovakia ( for those not in the know, the Tatras are often called the miniature Alps and attracts tourists for hiking/mountaineering/skiing etc. ). One of the properties I am considering is in a place where two things are expected to occur: a lake will be created there and a motorway will be built nearby. Normally I would have expected both of these things to increase land prices but I am not sure, particularly about the motorway. For an area which relies on its natural beauty a motorway may not be such a good thing. Also, is there an easy way to find out what the "going rate" for land is?

Reply to
peredonov
Loading thread data ...

Will either the lake or the motorway be situated on your parcel of land? If so, this might affect the value.

Rob Graham

Reply to
Rob Graham

They shouldn't be situated on the land, but I should be very near and with a good view of the lake when it appears.

Reply to
peredonov

My land isn't likely to be taken by the government in order to implement either the motorway or the lake, if that is what you mean. I should have a good view of the lake though.

Reply to
peredonov

It is what I meant, although I was being a bit tongue-in-cheek, I'm afraid. I would have thought that the building of a lake would increase the value if it's reasonably close to you. The motorway, though, I'm not so sure. It could be regarded by others as an asset to enable them to get there more easily. On the other hand some would regard it as a eyesore. But generally I don't think they are regarded as eyesores provided they are not too close. If very close they are definitely a put-off because of the noise.

As far as finding the value, why don't you contact an agent who specialises in these things?

Rob Graham

Reply to
Rob Graham

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.