The price of land in relation to its type and the attractiveness of its location

This thesis which is called ``The price of land in relation to its type and the attractiveness of its location{\crqq} should help to survey the region of Vimperk and Freyung Grafenau from the point of view of the value of land, both construction and agricultural sites. The aim of this thesis is not to create a precise map with land prices, but to establish an approximate price level in the different municipalities on the basis of proven land deals. Another aim is to provide an analysis of various differences between the price levels of construction land and agricultural land and to establish significant and more detailed price-making factors on the basis of which price divergences occur. In the Vimperk region we found, that the market price of construction land significantly differs from the official prices and these cannot be used as lead for market prices. In the case of agricultural land we found that the market price is a multiple of the official price. Whether we deal with construction land or agricultural land, the most important thing concerning the establishment of their market price is the approximate knowledge of market deals in the selected area. The prices in the various areas are always location specific. In the German region of Freyung Grafenau we have found a different situation in market prices for land in comparison with the one in the Czech border district. The main reason for this fact is the higher level of economic development of Germany and the living standard of its inhabitants besides a well functioning and long lasting free real estate market. However, due to the quick economic recovery of the Czech border district, real estate prices approach the market price level in the German border district. The Vimperk region has a developed market for agricultural land and thus we cannot speak of underdevelopment of this market segment (as mentioned by Jiri Nemec in his monograph Land law and market of land, 2004). One of the reasons for this development might be the higher profit levels of farmers due to subsidy programs of the European Union. An important factor of influence on higher prices on the market for construction land is the intensive development of tourism, especially in the region of nature resort Sumava. In municipalities where tourism is a minor factor of importance, other data are significant for the price level such as number of inhabitants, local employment and other opportunities