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  3. Construction / Civil Engineering

tomtebelastning

English translation: land costs

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Norwegian term or phrase:tomtebelastning
English translation:land costs
Entered by: Dawn Nixon

14:18 Jan 25, 2012
Norwegian to English translations [PRO]
Tech/Engineering - Construction / Civil Engineering
Norwegian term or phrase: tomtebelastning
Verdifastsettelse av tomter avhenger av bruksformål, utbyggingspotensiale og forventet avkastning. Et direkte paramter for dette er tomtebelastning, som er differansen mellom markedsverdi av fullt bygd eiendom og de totale byggekostnader.

The explanation is there, but I have not idea what it is in English!
Dawn Nixon
Norway
Local time: 13:00
land cost
Explanation:
I found this translation: "In order to assess the value of the adjacent plot, OPAK used the method of "land costs" . The basis for using this method is that the value of real property for commercial development depends on intended and permitted use in combination with the property's development and expected earnings potential.

Land costs are defined as the difference between the sales values of the fully-developed property less the total building costs including profit, but excluding costs of land, divided per square meter built-up area. Basement area is usually excluded, but if underground development constitute an important part of the development or has a high value, the underground area will be part of the calculation.
". Search for "tomtebelastning" + "land cost" and you'll get a Word file with the full text. But I would also check "land value" and "land price index".
Selected response from:

brigidm
Norway
Local time: 13:00
Grading comment
Thank you!
4 KudoZ points were awarded for this answer



Summary of answers provided
3land cost
brigidm


  

Answers


24 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
land cost


Explanation:
I found this translation: "In order to assess the value of the adjacent plot, OPAK used the method of "land costs" . The basis for using this method is that the value of real property for commercial development depends on intended and permitted use in combination with the property's development and expected earnings potential.

Land costs are defined as the difference between the sales values of the fully-developed property less the total building costs including profit, but excluding costs of land, divided per square meter built-up area. Basement area is usually excluded, but if underground development constitute an important part of the development or has a high value, the underground area will be part of the calculation.
". Search for "tomtebelastning" + "land cost" and you'll get a Word file with the full text. But I would also check "land value" and "land price index".

brigidm
Norway
Local time: 13:00
Native speaker of: English
PRO pts in category: 71
Grading comment
Thank you!
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