Zusammenfassung
Summary
The previous Real Estate Valuation Ordinance (ImmoWertV) from 2010 and the various directives (Standard Land Value Directive, Cost Approach Directive, Comparison Approach Directive, Income Approach Directive, Valuation Guidelines 2006) are to be replaced by a completely revised ImmoWertV and supplementary application notes. This also involves the reintroduction of the regional factor. The article illustrates the task of the regional factor in the cost approach and proposes a practical method for its determination.