Abstract

In the countries that were in the former socialist camp, in the vast majority of them, the normative (nonmarket) land valuation system were originally established. Most of them over the past 15-20 years have moved to a mass market valuation of land. The countries of the Baltic Sea Region (Estonia, Lithuania, Latvia) have created systems of mass market evaluation of land similar to the countries of central Europe. The countries of the former Soviet Union, such as Russia and Belarus, have created their own systems of mass assessment, based on cadastral assessment of land. Ukraine is still left with a system of normative land valuation with a non-market basis of assessment. Many of these countries have a large numer of problems with the transition to a mass market valuation of land and are looking for ways to solve them.

Key words: mass assessment, real estate, land valuation

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