Nominal Land Valuation with Best-Worst Method Using Geographic Information System: A Case of Atakum, Samsun

Abstract

Land valuation can be used in various areas, such as taxation, property acquisition, rental, expropriation, urban regeneration, and land readjustment. As a result, determining the value of land accurately by considering multiple criteria to eliminate the impact of subjectivity on the value of land is important. Nominal valuation is a statistical method for determining land values based on multiple criteria. In nominal valuation, criteria can be managed, analyzed, and integrated using Geographic Information Systems (GIS). This study produced a land value map using a nominal valuation method based on multiple criteria. The main criteria and sub-criteria have been determined according to the previous studies. Criteria weights were determined using the Best-Worst Method (BWM), which is one of the Multi-Criteria Decision-Making methods. A nominal land value map of the Atakum district of Samsun was produced by integrating criteria maps using GIS and compared with a value map based on current land sales.