The article provides a methodological approach to land value calculation and determination of the capitalization ratios. Based on the analysis of methods for land assessment, it is proposed to calculate the capitalization ratio by solving a system consisting of seven equations characterizing the state of the real estate market. The areas of possible use of the approach and the need to develop a resource model for the decomposition of real estate objects are substantiated in this paper.
Land use rights reform and the real estate market in China: a synoptic account of theoretical issues and the property rights system