3 Dimensional data research for property valuation in the context of the LADM Valuation Information Model

Kara, A.; van Oosterom, P.J.M.; Çağdaş, Volkan; Işıkdağ, Ümit; Lemmen, Christiaan

doi:10.1016/j.landusepol.2019.104179

3 Dimensional data research for property valuation in the context of the LADM Valuation Information Model

Title

3 Dimensional data research for property valuation in the context of the LADM Valuation Information Model

Author

Kara, A. (TU Delft GIS Technologie; Yıldız Technical University)
van Oosterom, P.J.M. (TU Delft GIS Technologie)
Çağdaş, Volkan (Yıldız Technical University)
Işıkdağ, Ümit (Mimar Sinan Fine Arts University)
Lemmen, Christiaan (Netherlands Cadastre; University of Twente)

Date

2020

Abstract

Property valuation is a process that promotes sustainable development as it supports and forms several land management activities. Access to information on the legal, geometric, physical, locational and environmental characteristics of property units together with the economic indicators are required for an effective property valuation system. Traditional cadastral systems generally provide only two-dimensional (2D) legal and geometric information about property units, however, today's valuation practices would benefit significantly from three-dimensional (3D) information in order better to estimate and explain values of property units. The purpose of this paper is to examine how 3D spatial datasets and spatial analyses have been used in property valuation, and to develop 3D valuation unit profile(s) in line with the examination results for the recently proposed Valuation Information Model that extends the ISO 19152:2012 Land Administration Domain Model (LADM) from the valuation point of view. The study focuses more on 3D locational and environmental characteristics of property units; particularly visibility and especially viewshed analysis in terms of property valuation. By using open topography, building and height datasets of the Netherlands, a number of viewshed analyses are conducted to show how it can be utilized using different 3D data sources. The main contribution of the article is to present how 3D datasets and spatial analyses could be used to support property valuation activities and to investigate to what extent it is possible and meaningful to include derived 3D characteristics of property units in valuation registries.

Subject

3D GIS, Viewshed analysis
ISO 19152 Land Administration Domain Model (LADM)
LADM Valuation Information Model
Property valuation

To reference this document use:

http://resolver.tudelft.nl/uuid:2007adfd-7064-4fb1-801e-fb611e615635

DOI

https://doi.org/10.1016/j.landusepol.2019.104179

Embargo date

2023-09-15

ISSN

0264-8377

Source

Land Use Policy, 98