ABSTRACT
The property market will be described with reference to the following submarkets: agriculture and forestry, building land, single-family dwellings, second homes, rental property and industrial property. Data taken from open-market transactions for predominantly agricultural and forestry undertakings show that values diminished in real terms until 1987, when the rules of acquisition were liberalized and the market virtually deregulated. Forest land values depend partly on productive conditions, but the existing volume of timber is the factor by which values are influenced most. Coefficients are published for agriculture and forestry, single-family dwellings, rental properties and industrial properties. The lowest price of undeveloped land is governed by the prevailing agricultural and forestry value. The extensive forest holdings owned by the State have diminished lately by privatization of the ownership and then through selling off of shares in the privatized company. The great accumulation of real-estate capital in the large cities gives us cause to consider price movements there.
