Plot valuation

The technical value of a developed plot consists of the raw land value, the value of site works and the value of local infrastructure — whether the plot is zoned, whether access is via a public road with water and sewage, and the distance to shops, schools and kindergartens.

For an undeveloped plot, the raw land value is assessed against the area or comparable areas. It depends on location relative to main roads and towns. Development potential is often decisive for the value.