Air Space Valuations

Air space valuations refer to the assessment of the financial value of the air rights associated with a property. Air rights are the rights to use, develop, or transfer the vertical space above a piece of land or an existing structure. These valuations are critical in urban planning, real estate development, and infrastructure projects, particularly in dense urban areas where land is scarce.

What Are Air Rights?

Air rights grant property owners control over the space above their land or buildings.
They can be sold, leased, or transferred, often allowing for vertical development (e.g., constructing additional stories or new buildings above existing structures).
In some cases, air rights are used for non-physical purposes, like easements for utilities or to ensure unobstructed views.

Why Are Air Space Valuations Important?

Common Applications of Air Space Valuations

Real Estate Projects: Selling air rights to developers for vertical expansion.
Mixed-Use Developments: Utilising air space for commercial, residential, or public uses.
Infrastructure Development: Assessing the cost of acquiring air rights for elevated transport systems or utilities.
Preserving Views: Valuing air space to maintain open views for high-end properties.
Public Projects: Governments acquiring air rights for highways, railways, or pedestrian bridges.

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Air Space Valuations

What Are Air Rights?

Why Are Air Space Valuations Important?

Real Estate Development

Infrastructure Projects

Urban Planning

Compensation and Disputes

Common Applications of Air Space Valuations

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