Standard land value Lübeck

What is the standard land value and who determines it?

The expert committees of the Schleswig-Holstein State Office for Surveying and Geoinformation are based in the Hanseatic City of Lübeck. The city fathers contractually commission the expert committee to determine the standard land values in accordance with the legal requirements of the Real Estate Valuation Ordinance. To do this, the experts evaluate the purchase prices paid for building plots in the past and also take into account the respective infrastructure and development in the relevant area. If there have been few or no sales in a standard land value zone, comparative values from other districts or estimates are used. As smaller plots of land generally achieve a better price per square meter than larger plots, the expert committee takes into account the customary zoned plot area. It is true that the standard land value refers to one square meter. However, neighboring zones may have a different area dependency, for which a corresponding conversion is required. This can be found in the legend of the standard land value map.

How are the standard land value zones made up?

To determine the standard land value, the expert committee in Lübeck combines properties of the same use with similar land values. The valuation basis is provided by the legislator. Accordingly, the areas in a guideline value zone may not differ in value by more than 30 percent. The standard land value zones are divided into residential areas, mixed zones, commercial areas and agricultural areas according to the same type of use. In order to standardize the standard land values in Lübeck, the appraisers must treat all properties as if they were undeveloped and developed in the same way. The allocation of individual building plots to a guideline value zone is not binding. Sometimes the standard land values for the neighboring zone apply. As the expert committees do not carry out individual valuations, an individual valuation of a property is essential before a sale. The standard land value zones on theStandard land value map for Lübeck:

• Development status: land ready for construction, land under development, agriculture

• Type of use: Residential building land, mixed building land, mixed use areas, commercial building land, arable land, grassland, other special area

• Addition to the type of use: Single-family homes, multi-family homes, residential and commercial buildings, individual and outdoor facilities, vacation and weekend homes

• Possible number of storeys: Area of full storeys in relation to the plot area

• Area: Calculated plot size for determining the value

How can land prices in Lübeck be determined for real estate sales?

The standard land value for Lübeck can only serve as a rough guide for determining the value of building land. This is because it does not take into account the current market value or the special features of the property. The standard land value does not take into account a picturesque view, beautiful old trees or other special features of the land. As an experienced real estate agent in Lübeck, we are happy to carry out an individual and professional real estate valuation Of your property. In doing so, we take into account all properties that have an influence on the value of the land. The valuation of your property by our real estate agents is also free of charge for our clients. Let us advise you and sell your property with us faster, more easily and at a fair market price.