“…The main differences between the land and other economic commodities arise due to the fact that land by its very nature is not physically transferable and virtually indestructible, although, again, its qualitative features may vary (MarksBielska, 2013;Simanavičienė et al, 2012;Floyd, Marcus, 2011;Ambrose, 2008;Aleknavičius, 2007, McKenzie, Betts, 2006Brzeski et al, 2006;Szymanska, wielicki, 2005;Galinienė, 2004;Dale, Baldwin, 1999;etc.). Meanwhile, the effective functioning of the land market as a mechanism ensuring the exchange of commodities between market participants, undoubtedly influences on the entire national economic performance, due to the explicit interaction between land market and the capital and finance markets.…”