land value (RE)

Example: Real Estate Management (RE)

The value of an undeveloped property (land) or the value of the land on which a building is constructed. This value is determined from the sales revenue of comparable land. If there are not enough comparable sales, the community can also use the land reference value as a basis.

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Source: https://help.sap.com/doc/saphelp_glossary/latest/en-US/35/2a7f29d9685cd5e10000009b38f974/content.htm