Browsing by Author "Putula, Vesa"

The aim of this study was to find out the province centres distances significance for free sale forest property asking prices. In this case were determined distances from forest properties to the centres of the provinces and relative dif-ferences between the summation approach fair values and asking prices. The specified relative differences were compared with sale objects distances from the provincial centres. From the sale ads were collected forest property sale information that was not available in the Real estate purchase price register by the National Land Survey. From the sale ads collected data were location of the forest property, surface area, fair values by summation approach, summation approach correction of aggregate value, asking price and quantities of logs and pulpwood. Fixed property transaction costs and transfer tax effect were not taken into accounts. In the data were not collected unseparated piece of lands and forest properties with special values. Forest property with a lot of mire, significantly treeless bogs and/or quagmires, was removed from the research data. In addition all the items for sale in the province of Lapland were removed from data too. Sale items area-based exclusion was not made. The basic information, forest resources and computational forestry key figures of the research data was presented as functions of the provincial centres distances. Above mentioned data exclusions and the central research hypothesis results that in formed models were not used many simultaneous variables. Forest property asking prices were higher than the fair values by summation approach. The average asking price of the whole research data was 114 % of summation approach fair values. This meant that the asking prices were av-erage 14 % higher than the fair values. The variation was 52 to 175% of the fair values of the sales items. Near the provincial centres economic forests relative asking prices were higher than those further away from the centres, but the change was almost non-existent. Similarly summation approach aggregate values corrections rates change was just as modest. Areas of the sales items increased as a function of the distances of the centres of the provinces and when areas increased asking prices per hectare decreased. Average volume of growing stock de-creased when distances from the provincial centres increased. Logs and pulpwood shares changed logically. When surface areas of the research data decreased, average volume of growing stock increased. The average unit prices of trees in research data decreased when the provincial centres distances and the average volumes of growing stocks increased.