Definition: Market price of land

Category: Land estimation

Price of land at a certain point of time that would result if the property would be sold in a "free market". http://ec.europa.eu/eurostat/product?code=KS-GQ-14-012&mode=view
Source:
Eurostat, Organization for Economic Cooperation and Development (OECD), "Eurostat-OECD compilation guide on land estimation", Luxembourg, Paris, 2015
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