Examining Changes in the Value of Rural Land in New Zealand between 1989 and 2003

This paper uses valuation data from Quotable Value New Zealand to examine changes in the value of the rural land in New Zealand between 1989 and 2003. The value of rural land reflects the profitability of agriculture as well as the returns to alternative land uses, and has a large impact on the prosperity of rural areas. The paper highlights the importance of both changes in land use and changes in the value of land in different uses in explaining overall changes in land values. It also examines the relationship among productive characteristics of the land, the local climate, various local amenities, and changes in land values and land use to better understand what factors have been driving overall changes in the value of rural land across New Zealand. We find that the real value of rural land in all uses increased substantially over the years being examined. Land use in rural areas also changed considerably during this period, but these changes in land use were essentially uncorrelated with changes in land values. Our regression results indicate that rural land values increased the most in less populated areas with good climates and local amenities. Initial land use also plays an important role in explaining the variation in changes in rural land values with greater increases in land values found in areas with more land initially devoted to urban uses and commercial forestry, and less land initially devoted to horticulture and lifestyle uses.

This paper uses valuation data from Quotable Value New Zealand to examine changes in the value of the rural land in New Zealand between 1989 and 2003. The value of rural land reflects the profitability of agriculture as well as the returns to alternative land uses, and has a large impact on the prosperity of rural areas. The paper highlights the importance of both changes in land use and changes in the value of land in different uses in explaining overall changes in land values. It also examines the relationship among productive characteristics of the land, the local climate, various local amenities, and changes in land values and land use to better understand what factors have been driving overall changes in the value of rural land across New Zealand. We find that the real value of rural land in all uses increased substantially over the years being examined. Land use in rural areas also changed considerably during this period, but these changes in land use were essentially uncorrelated with changes in land values. Our regression results indicate that rural land values increased the most in less populated areas with good climates and local amenities. Initial land use also plays an important role in explaining the variation in changes in rural land values with greater increases in land values found in areas with more land initially devoted to urban uses and commercial forestry, and less land initially devoted to horticulture and lifestyle uses.

Summary With increasing opportunity costs of keeping land in forests because of increasing values for other land uses, such as for developed uses, forest ownership may become less attractive for some landowners and the return on investment less viable for both private and public landowners. This raises the question of what will become of the forests and the resources the forest supports, such as water and wildlife, if owners of the forests find it too costly to manage the forest. Land markets provide evidence on revealed behavior about what people are willing to actually pay for a bundle of rights necessary to gain access to land that can provide forest-based goods and services into perpetuity. However, owing to market failures and the nature of some forest land values, markets do not always reveal true forest land values, as discussed below. Allocation of land by use and cover types is a key determinant in sustainable forest management, with changes in land values providing important signals to land managers. Land valuation differs under market-oriented economies, emerging values in transition economies, and administered values in countries with command economies and is influenced by interactions between the environment and humans, including land ownership, use, and management.

The high demand for land in the area around the MRT station causes changes in land prices that tend to increase. These conditions can be the cause of changes in land use. This study used high-resolution images in 2021 and land use maps in 2014 and 2021. The data is used to analyze land-use changes. Meanwhile, the analysis of land value changes uses the 2014 land value zone map and the 2021 land value zone map obtained from the results of a field survey using the mass land valuation method. From these results, an analysis of the effect of changes in land use was carried out on changes in land value in Menteng District as a result of the construction of mass rapid transit phase 1. The results showed that there was a change in land use. The total area of ​​land change was 18.604 hectares or 2.879%. The details of the changes are trade increased by 1.362%, settlements decreased by 1.938%, hotels increased by 0.071%, lakes increased by 0.114%, vacant land decreased by 0.006%, parks increased by 0.368%, PT regularly increased by 0.485%, sports facilities decreased by 0.368% and government offices decreased by 0.088%. The highest price increase was Rp110,218,903/m2 because there was a change in land use from regular housing to trading areas. The largest increase in land value seen from the dominant land use characteristics was in commercial or trade areas, which was 187%, with an average increase in value of Rp. 76,170,137/m2.

According to the Regional Spatial Plan (RTRW) for the City of Semarang in 2011–2031, the area around Simpang Lima is part of City Area 1, with a function as the Central Business District (CBD). Losch (1954) suggests that the value of a parcel of land tends to decrease if it is away from the central business area. Therefore, this study investigated the relationship between changes in land value and the presence of CBD around the Simpang Lima CBD. The methods employed in this study are the calculation of the Average Indicated Value (NIR), analyzing changes in land value in 2012–2023, and the Geographically Weighted Regression (GWR). Based on an analysis of changes in land value for 2012–2023, it shows that the highest change in land value zone for 2012–2018 was in zone 166, with an increase of IDR 20,446,000, and the lowest change in land value was in zone 163, with a decrease of IDR 3,956,000. Meanwhile, the highest change in land value zone for 2018–2023 was in zone 84, with an increase of IDR 28,852,000, and the lowest change in land value was in zone 37, with an increase of IDR 217,000. The results of statistical tests using GWR show that the influence of the distance from the CBD on changes in land values in 2012–2023 is 84%, indicating a high correlation. The results of the T-test performed on each variable indicate that the variables significantly influencing changes in land value are shopping centers and road widths. Shopping centers have a negative correlation. On the other hand, the road width is positively correlation.

Land one of the basic implication starting place community prosperity and societal standing community in the globe. Like in many other developing countries, due to the urbanization, infrastructure expands and results into the land use and values are change. The problem is even more critical in towns and cities of the country where there is high rate of population growth and expanding of infrastructure. The purpose of this review to assess the land use and value change.

Semarang City as one of the areas on the north coast has a serious problem related to tidal flooding. The impact of this disaster has implications for changes in land use, a decrease in environmental quality and health, the emergence of slum settlements, a decrease in income and also a decrease in land value. This study aims to map the impact of tidal flooding on changes in land values based on the Land Value Zone Map (ZNT) and map land prices based on spatial data analysis. The study was carried out through spatial analysis by overlaying (join intersection) the 2014, 2016, 2018 and 2019 ZNT maps to determine changes in land value, while mapping land prices, especially in Mangunharjo Village, was based on land use maps, positive accessibility (road network) and negative accessibility (prone flood rob). The results of the study show that land which is permanently affected by tidal flooding and cannot be used anymore makes it a lost / destroyed land, while periodically inundated land has experienced a price decline in the range of Rp 100.000 – 200.000, -/m2. Meanwhile, the results of the study from the ZNT map for 2014 to 2019 show a very significant difference in price between zone 1 and a price increase of ± Rp 3.500.000; zone 2 price increase ± Rp 575.000, -, zone 3 at a price range of Rp 385.000, and zone 4 as the tidal flood prone zone only experienced an increase of Rp 250.000,-. In this context, the variable of tidal flooding vulnerability greatly affects the stagnation of land prices and even decreases in land prices, while the positive accessibility variable is the location of land on national and local roads that has experienced a very high price increase.

Planning decisions related to transportation such as the development of metro-rail networks lead to the development of specific land uses and have an impact on land value (Kilpatrick et al., Journal of Real Estate Research, American Real Estate Society 29, 303–320, 2007). This paper aims to study the change in land use and land value due to metro-rails in Indian cities whenever the said metro-rail is functional or under implementation. The impact is measured at a few nodes, depending on the various stages of metro-rail development. The paper provides evidence of an increase in commercial activity after the metro-rail project and a substantial increment in land value during the project formulation stage due to speculation. This increase in land value is inversely proportional to the distance from the node.

The construction of a new airport in tsunami disaster prone area in Kulon Progo Regency has been impacting in land use and land value. The changes in land use will impact on changing tsunami hazard model. This research aims to analyze the impact of a new airport on physical changes and land value changes in Temon District with geographic information system. The research begins with inventory of spatial data from various agencies. Multi-temporal image interpretation is resulted in 2015 and 2020 land use maps. Physical changes and tsunami models analysis were carried out using spatial analysis in ArcGIS. The making land value change maps using 2015 and 2021 land value zone maps. The analysis effect of new airports and tsunami hazard using multiple linear regression. Data validation was carried out by sampling techniques and field surveys. The results of spatial analysis is physical growth from 2015-2020 covering an area 418,019 m² and loss of a built area 149,261 m². The changes in the tsunami model from 2015-2020 increased by 118,740 m². The changes in land value from 2015-2021 is increasing the average value of Rp. 1,317,088/ meter² or 652%. The results of multiple linear regression analysis and community interviews concluded that the existence of an airport is very influential on increasing land value compared to the effect of tsunami vulnerability.

Public investments in "mass transit systems" provide an equal right of accessibility economic and social opportunities for everyone. Concurrently, they generate an increase in land value both along the mass transit line and within the accessible area of the stations. This article focuses on the socio-economic and spatial effects of the increased land value resulting from the accessibility created by the mass transit system. By reviewing world wide case studies and practices, it examines these causal processes within the framework of the Critical Realism Method using the example of the Istanbul Bus Rapid Transit (BRT) System. As a result of the Extensive Analysis, an analytical method of the Critical Realism Method, it was observed that the rate of land value increase in the Istanbul BRT System was 28% and the rate of land value increase at all stations along the line varied between 20% and 280%. In the Intensive Analysis, it was observed that the increase in land value at selected stations varied depending on the proximity of the station to Istanbul's Central Business District, new incoming land use types, plan changes made by the public, the presence of vacant lands that would enable land speculation, and the presence of large projects around the station. This article provides insights which explains that “the change in land value resulting from accessibility” does not cause the same magnitude of value increase at every station along the line and does not create the same socio-economic and spatial impact at every station. It presents an empirically tested study by comparing the accessibility created by the Istanbul BRT System before and after its implementation.

Public open spaces play a key role in urban environments, providing recreational opportunities, enhancing the quality of life, and contributing to the overall attractiveness of a neighborhood. Newly developed public open spaces on surrounding land value changes are important for urban planning and development. Within the last 10 years period most open spaces developed in the Colombo suburban area and there are clear land value changes in those areas. Bellanwila-Atthidiya Waras Ganga open space is one of the most attracted open space in the Colombo suburbs and significantly surrounding land values are changed after the project. This research aims to examine the effect on land values in surrounding area due to this project and research devotes a quantitative approach, using GIS based geo statistical analysis. Land value data, including sales transactions and property assessments, will be collected from relevant government agencies and real estate databases. The collected land value data was used to create geospatial maps using ArcGIS 10.8 spatial interpolation. Various proximity factors and demographic characteristics affected to change land values in this area, also considered for this analysis. Study results indicates, there is a significant relationship between residential land value changes in the lands surrounding public open space and it is 7.2% impact on land value changes The findings of this study provide valuable insights into the relationship between public open spaces and land values in the Colombo suburban area. The results are useful for urban planners, policymakers, and real estate developers about the potential economic benefits associated with public open spaces.

Surabaya has land management rights called land use permit (IPT) or Certificates. Land use permit (IPT) is different from the status of the other land rights. NJOP market price is also obtained from Fair Market Value that have been calculated by the government. To find out the change in land value of IPT with NJOP, market data approach method is used to discuss market data in each zone that has been classified. The results of the analysis that have been done show that the highest average indication value (NIR) is Rp 34,951,545. The land value of IPT also influences the changes in land values towards NJOP. The highest increase in the GP1 zone is 1,782.65% and the lowest in the GP13 zone is 10.95%. This is caused by factors that affect the land value those are land rights, land location and road accessibility in Pucang Sewu.

The digital economy is fundamentally transforming urban landscapes by disrupting traditional relationships between land use and land value. This scoping review aims to examine how digital transformations alter urban activities, human behaviours, and mobility patterns, and to assess the subsequent impacts on land use planning and land valuation frameworks. Following PRISMA guidelines, Scopus, Web of Science, Google Scholar, and ProQuest databases were systematically searched for peer-reviewed articles published between 2019 and 2024. Inclusion criteria comprised empirical studies, theoretical papers, and case studies examining digital economy impacts on urban land use or land value. Grey literature, non-English publications, and studies without clear urban spatial implications were excluded. The data were synthesised using bibliometric analysis and thematic analysis to identify patterns of disruption across three domains: urban activities, behaviours, and mobility. Of the 512 initially identified articles, 66 studies met the inclusion criteria. The evidence demonstrates significant geographic bias and methodological limitations, including the scarcity of longitudinal studies tracking actual land value changes and inconsistent metrics for measuring disruption intensity. Despite these limitations, findings indicate that the digital economy is decoupling land value from traditional determinants, such as physical proximity to services and employment centres. These transformations necessitate fundamental revisions to urban planning frameworks, land valuation models, and regulatory approaches to ensure equitable and sustainable urban development in the digital age.

As a public policy, planning seeks to achieve politically defined policy objectives such as sustainable spatial development. To effectively attain these objectives, it is essential to consider the impact of planning decisions on land values. A comprehensive understanding of the connection between planning and land values is imperative for making well-informed choices regarding the management of land use and spatial development sustainably and responsibly. While instruments of planning law are intensively debated within the planning community, their implicit effects on land values are rarely considered. This study contributes to the field by demonstrating the crucial connection between planning-induced land value changes and value capture instruments in Switzerland. Our analysis shows significant value changes in the planning process. It connects these to redistributive instruments of the Swiss planning regime, which come into play to compensate for disproportionate planning-induced advantages or disadvantages of landowners. Due to the exceptionally significant change in value while zoning, which is present in Switzerland, there are remarkable redistributive instruments - both in terms of value increase (added value capture) and value decrease (compensation). Our study shows that knowledge of planning-related land value changes can help understand redistributive mechanisms, thereby contributing to best-practice debates.

The construction of National tourism strategic area (KSPN) Prambanan - Kalasan is planned to begin in 2016 through the Master Plan and Detail Plan of KSPN Prambanan - Kalasan and its surroundings for the 2016 fiscal year. The development of tourist areas can have an impact on increasing the land value around tourist areas, and also cause the development of residential areas. Therefore, this research was conducted to analysis changes in land values around the KSPN development and also analysis changes in residential areas and the suitability of residential areas for land values in Prambanan and Kalasan Districts. The results of the suitability of residential areas were then superimposed on the analysis with the RDTR of Prambanan and Kalasan Regencies. The results show that in 2017-2024 there was an increase in residential land area by 67 hectares in Prambanan District and 73 hectares in Kalasan Regency and the highest significant increase in land value was in zone 50, namely Jl. Raya Solo-Yogyakarta for IDR. 6,597,200 and the lowest increase in land value was in zone 49 amounting to IDR. 158,500 to the north of Tamanmartani Village, Kalasan District. The relatively small increase in residential area in the highest land value zone and a large increase in residential area in the lowest land value zone. The suitability of the dominant residential area is very suitable in the highest land value zone and the suitability of the dominant residential area is less suitable in the lowest land value zone.