UML modelling – some reflections of investigation in the UK The Case of England and Wales COST Action G9 6th Workshop Riga, Latvia, October 14-16, 2004 Marina Vaskovich Royal Institute of Technology

Overview Parcelling out Property transfer Activity Class COST Action G9 6th Workshop Riga, Latvia, October 14-16, 2004 Transaction cost Cadastral proceduresUML Diagrams

Parcelling out COST Action G9 6th Workshop Riga, Latvia, October 14-16, 2004

Parcelling-activity COST Action G9 6th Workshop Riga, Latvia, October 14-16, 2004

Parceling-class COST Action G9 6th Workshop Riga, Latvia, October 14-16, 2004

Property transfer COST Action G9 6th Workshop Riga, Latvia, October 14-16, 2004

Sale-activity COST Action G9 6th Workshop Riga, Latvia, October 14-16, 2004

Sale-use case COST Action G9 6th Workshop Riga, Latvia, October 14-16, 2004

Aggregated transaction costs for seller and buyer COST Action G9 6th Workshop Riga, Latvia, October 14-16, 2004 Data from R. W. Dixon-Gough’s presentation on the COST G9 meeting in Helsinki, May 2004

Sale-activity-transaction costs COST Action G9 6th Workshop Riga, Latvia, October 14-16, % % 0.5% % 0.1% %

COST Action G9 6th Workshop Riga, Latvia, October 14-16, 2004 Average transaction cost CostsE&W 245,000 €NL 209,500 € Real estate agent % (2.5%) or 6,125 €1.4% or 3,875 € Mortgage bank 0.5% or 1,176 € + VAT0.95% or 2,000 € Surveyor (quantitative) 0.5% or 1,323 € + VAT - Notary fee for mortgage deed 0.23% or 500 € Notary fee for transfer deed % or 845 € + VAT0.23% or 500 € Ownership registration 0.035% or 75 € Mortgage deed registration 0.1% or 250 € + VAT0.035% or 75 € Transfer tax 1.0% or 2,450 €6% or 12,570 € Totally5.0% or 12,169 € + VAT9.3% or 19,595 €

COST Action G9 6th Workshop Riga, Latvia, October 14-16, 2004 Any additional reflections?