{"id":4740,"date":"2021-11-22T14:35:16","date_gmt":"2021-11-22T13:35:16","guid":{"rendered":"https:\/\/wirtschaftskanzlei.at\/real-estate\/market-value-approach\/"},"modified":"2026-03-31T09:38:33","modified_gmt":"2026-03-31T07:38:33","slug":"market-value-approach","status":"publish","type":"page","link":"https:\/\/wirtschaftskanzlei.at\/en\/real-estate\/market-value-approach\/","title":{"rendered":"Market Value Approach"},"content":{"rendered":"

Market Value Approach<\/h1><\/div>
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In Austria, \u201cVerkehrswert\u201d is a commonly used valuation standard and is defined in the Austrian Property Valuation Act (Liegenschaftsbewertungsgesetz, LBG). It refers to the price that can be achieved for a property in an arm\u2019s-length transaction.<\/p>\n<\/div>

What does (and does not) influence market value<\/h2><\/div>

Personal preferences or purely sentimental value do not affect market value. Market value is an objective, market-based figure. So erh\u00f6ht sich der Verkehrswert einer Immobilie nicht, wenn beispielsweise ihr Herz an dem Haus h\u00e4ngt. Denn der Verkehrswert ist eine n\u00fcchterne Gr\u00f6\u00dfe.<\/p>\n

Under the LBG, market value is typically derived using one (or more) of the following three methods:<\/p>\n