Establishing accurate land values in an urbanized area where vacant land sales are scarce is not a straightforward exercise. Sales of improved properties can be used to determine vacant land values using accepted appraisal methods such as Abstraction and/or Allocation. These approaches, while valid, present considerable difficulty in determining the appropriate discounts to sale price especially when the improvements on the sold property are not new. Add to this, factors like a region experiencing rapid growth, gentrification, infusion of foreign investment, ease of zoning variance approvals and the analysis becomes particularly challenging. This webinar will examine current best practice, provide practical analysis techniques and discuss other macro economic factors that are becoming increasingly significant contributors to real property values.