COST Action G9 (Modelling Real Property Transactions)

Working Group No 3 (Economy)


Cornerbeech Hotel, 1 Methven Terrace, Kents Bank Road, Grange-over-Sands Cumbria LA11 7DP England       


17-18th March 2005




Regional differences are experienced in any country, and these differences have influences upon all aspects of life, including the transactions of real property. Because of the very diverse nature of the regions of the United Kingdom, including the three jurisdictions and four nations, many of the differences are more pronounced than those that might be experienced in more ‘homogeneous’ states. This is the main reason why we have chosen to hold the meeting in one of the regions of the UK rather than taking the easy option of holding it in London...more




1.                 Opening of meeting

2.                 Approval of the agenda

3.                 News from the co-ordinator

4.                 Matters arising from the notes from the last meeting

5.                 Presentations and discussion of papers:


Thursday, 17th March: Start of programme 1000. This will give you time to explore the delights of Grange and to take a walk along the promenade!


Session 1: Local Issues

Robert Dixon-Gough and Kauko Viitanen: Introduction to the Workshop

Cedric Robinson: Setting the Scene and Context in Morecambe Bay




Session 2: Local influences in valuation

Kauko Viitanen: Factors influencing variations in property valuation in Finland

Sharon Brown and Robert Dixon Gough: Preliminary Costing Models for Property Transactioons within Jurisdictions of the British Isles


Lunch provided at Cornerbeech


Session 3: National approaches

Bela Markus and Gyorgy Fenyo: Variations in the valuation of real estate properties in Hungary paper

Jesper Paasch: Modelling Real Estate Valuation, a Swedish approach

Aris Sismanidis: Taxes in real property transactions in Greece  Annex




Session 4: System initiatives

Maartens Ottens: Conceptual (and philosophical) analysis of the economic issues in the cadastral domain

Richard Bullard: The English property market supported by the government and private sector (4 MB)  .doc


Short Break


Robert Dixon-Gough: The evolution and role of the general boundary system, (26 MB)
with particular reference to northwest England. This will act as preparation for the field visit.



Dinner at the Cornerbeech Hotel



Friday, 18th March: Start of programme 1000. If you’re up and about early enough, you could make a brief visit to either Arnside or Ulverston by train before the first session.


Session 1: The Morecambe Bay Partnership




Session 2: Workshop on the local variations in real property valuation


Session 3: Field visit to examine the influence of the general boundary system upon real property valuations. The weather will be a big deciding factor of where we go, so I have made two provisional programmes. In any case, do bring wet weather cloths and wear reasonable footware, suitable for muddy and wet walks.


6.      Research issues arising from the discussions: Local variations in real property valuation and the relationship of this upon real property transaction costs.


7.      Publications: One possible publication related to the workshop discussion


8.      Other matters: Progress on the development of country-wide modelling of real property transaction costs


9.      Programme for the next meeting  [Organiser's  minutes]


10.  End of the meeting



List of Participants

Country                Name


UK                         Brown, Sharon

UK                         Bullard, Richard

UK                         Dixon-Gough, Robert

Hungary                Fenyo, Gyorgy

Austria                  Frank, Andrew

Greece                  Koukopoulou, Tina

Hungary                Markus, Bela

Netherlands           Ottens, Maartens

Sweden                 Paasch, Jesper

UK                        Robinson, Cedric

Greece                  Sismanidis, Aris    

Finland                  Viitanen, Kauko

Finland                  Vitikainen, Arvo