Gis-based Automated Valuation Models (avms) for Land Consolidation Schemes

Land consolidation is a powerful land management planning approach aiming for rural sustainable development. Land reallocation that involves the land tenure restructuring is the most important process in such schemes. The most critical parameter used in land reallocation is land value which in Cyprus is reflected by the market value. The conventional land valuation process is a type of mass appraisal carried out manually and empirically presenting several weaknesses regarding time, costs, transparency, accuracy, reliability and consistency. A solution to these problems is the employment of automated valuation models (AVMs) in the context of a proposed new framework for land valuation. Three models have been used based on linear, non-linear and artificial neural networks (ANN) methods combined with a GIS. Models have been tested for quality assurance based on international standards. Evaluation showed that AVMs are highly efficient compared to the conventional approach. In terms of models performance, ANN ranked first closely followed by the non-linear model and slightly worse the linear model.