ECONOMETRIC METHODS FOR LAND ASSESSMENT: THE CASE OF THE LAND MARKET IN URUGUAY

Abstract

In this study, an application of econometrics methods and the analogical assessment to the case of the land market in Uruguay were carried out. Through a database of mean values of land by department, three models are proposed, a first linear regression model through a variable, a second one applying a complete factorial analysis, and a third one through a simplified factorial analysis, managing to explain in more than 75 % the assessment of the land price in Uruguay.