Abstract
Land price sustainability issues have been addressed by many authors in the past. Most of these researchers used land prices (from land price maps) as the primary data source in their studies. Only a few papers analysed official land price maps, which are available very rarely. For this reason, we studied the spatial and temporal changes of land prices in the city of Olomouc based in an analysis of official land price maps from 1993 to 2017. We proposed several research hypotheses to confirm some general statements about land price changes. We concluded that some economic indicators had a significant impact on changes in land prices. In the residential and commercial areas and historical centre, land prices are significantly higher than in other monitored aspects (land-use types). We also concluded that no link existed between land-use stability and land price stability. Surprisingly, no long-term stable areas were found in the area of interest. The analysis also confirmed that land price and its change over time varied in different spatial aspects. Unexpectedly, the smallest influence was reflected in the economic aspect. Regarding natural events in recent decades, we observed a significant drop in land prices in the vicinity of watercourses threatened by flooding. These findings can assist in better understanding local development and changes in land price. The results of this study can help in gaining better understanding of economic, social, and environmental aspects of sustainability of land price changes.
Highlights
The following research hypotheses were proposed: (1) Changes of land prices are dependent on macro-economic indicators; (2) The highest increase in land prices can be observed in residential and commercial areas and the historical city centre; (3) Stable areas exist where land prices do not change over time; and, (4) Land price sustainability is influenced by spatial factors
Land price sustainability issues have been analysed by other authors previously
Based on the literature review, we discovered that only a few researchers had focused on an analysis of official land price maps, which are available very rarely
Summary
Land price plays an important role in guiding land resource allocation for urban planning and development, in big cities of fast developing countries where infrastructures and populations change frequently [1]. Our study examined the spatial and temporal changes of land prices in Olomouc by analysing the official land price maps from 1993 to 2017 For this purpose, the following research hypotheses were proposed: (1) Changes of land prices are dependent on macro-economic indicators; (2) The highest increase in land prices can be observed in residential and commercial areas and the historical city centre; (3) Stable areas exist (comparable to stabilized land-use) where land prices do not change over time; and, (4) Land price sustainability is influenced by spatial factors (environmental, economic, and social). Sustainability 2018, 10, 4831 for better understanding of economic, social, and environmental aspects of sustainability of land price changes
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