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 VaskovichRoyal Institute of Technology

Overview

Parcelling outProperty transfer

ActivityClass

COST Action G9 6th Workshop

Riga, Latvia, October 14-16, 2004

Transaction cost

Cadastral procedures

UML 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, 2004

1.5-3.0%

0.3-0.4%

0.5%

0.5-0.6%

0.1%

1.0-4.0%

COST Action G9 6th Workshop

Riga, Latvia, October 14-16, 2004

Average transaction costCosts E&W 245,000 € NL 209,500 €

Real estate agent 1.0-3.0% (2.5%) or 6,125 €

1.4% or 3,875 €

Mortgage bank 0.5% or 1,176 € + VAT 0.95% 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

0.3-0.4% or 845 € + VAT 0.23% or 500 €

Ownership registration   0.035% or 75 €

Mortgage deed registration

0.1% or 250 € + VAT 0.035% or 75 €

Transfer tax 1.0% or 2,450 € 6% or 12,570 €

Totally 5.0% or 12,169 € + VAT 9.3% or 19,595 €

COST Action G9 6th Workshop

Riga, Latvia, October 14-16, 2004

Any additional reflections?