High Land Prices Research Articles

Does rising land price promote the circulation industry development? An analysis of internet-based moderating effects

With the rapid development of the Internet, digital technology is increasingly integrating into the modern circulation system. The influence mechanisms of land prices on the development of the circulation industry are gradually transforming. Using data from 104 major cities in China from 2003 to 2021, this study uses the panel two-way fixed effects model, moderating effects model and threshold regression method to examine the mechanisms by which land prices affect the circulation industry development and the moderating role of Internet development. The results show that elevated land prices significantly stimulate the growth of the circulation industry, leading to an expansion in the circulation industry scale, optimization of its structure, and enhancement of its facilities. The findings remain robust even after addressing endogeneity concerns and conducting various robustness tests. Moreover, the impact of high land prices on the circulation industry is more pronounced in small and medium-sized cities group as well as central region cities group. Real estate investment and industrial structure upgrading are the key channels through which high land prices promote the development of the circulation industry. Additionally, Internet development has a positive moderating effect on the promotion that high land prices stimulate the development of the circulation industry. Notably, only when Internet development surpasses a certain threshold that the promotional effect of land prices on the circulation industry development be fully realized. Based on the above conclusions, the government should continue to deepen the market-oriented reform of land elements, implement precise industrial policy support for the circulation industry and promote circulation digital transformation.

Factors Caused The Convertion of Agricultural And Into A Residential Area In Belayung Baru Village

Kertak Hanyar District is a sustainable food agriculture area with the potential and functionality intended for rice in wetlands and drylands. This makes Kertak Hanyar sub-district one of the local paddy or rice-producing areas in Banjar Regency. However, currently most of the agricultural land in Kertak Hanyar District, especially in Belayung Baru Village, has been converted into residential areas, so its contribution is relatively small to rice production in Banjar Regency. The aim of writing this article is to describe why agricultural land can be converted into a community residential area in Belayung Baru Village. In this research, the approach used is a descriptive qualitative approach. Data collection techniques were carried out by observing, interviewing, documenting, recording, and studying literature. The results of this research describe that the factors causing the conversion of agricultural land into residential areas in Belayung Baru Village are strategic location, relatively high land prices, and population growth occurring in the capital city of Banjarmasin, which has an impact on the conversion of agricultural land into residential areas in Belayung Baru Village, Kertak Hanyar District as well as ease of licensing housing construction by the Regional Government.

Dynamics of urban sprawl: Deciphering the role of land prices and transportation costs in government-led urbanization

While the relationship among land price, transportation cost, and urban sprawl under the condition of local governments monopolizing land supply has been rarely discussed in the literature, this paper addresses this gap by hypothesizing based on the monocentric city model. The hypothesis suggests that due to increasing land prices and decreasing transportation costs, urban fringes are more likely to be developed, leading residents to move away from the city center and altering the demographic pattern of urban sprawl. An empirical analysis is conducted using panel data from 104 cities in China, including remote sensing data of urban land construction areas. The results show that high land prices and low transportation costs drive urban sprawl, with varying impacts across cities. The coupling coordination analysis indicates increasing influence of urban sprawl on land prices and transportation costs. These findings suggest the government should address the effects of unplanned urban expansion on these factors. The findings suggest that the government should pay more attention to the effects of unplanned urban expansion on land prices and transportation costs. Understanding the role of local governments in urban planning is crucial for comprehending China's urbanization strategy and its implications on social exclusion, gentrification, high housing prices, and other urban issues.

Study of Area Spatial Planning of Defense Efforts Protected Field Land

This research aims to describe policy implementation and explain the factors that influence the implementation of spatial planning policies to maintain protected rice fields based on regional regulation Number 6 of 2022 concerning Malang City's regional spatial planning plans for 2022-2042. The research method used is a qualitative descriptive method with an inductive approach. The theory used in the policy implementation theory put forward by George C. Edwards III with indicators of communication, resources, disposition and bureaucratic structure. Data collection techniques are interviews, observation and documentation. Data analysis techniques are used through data collection, data condensation, data presentation, drawing conclusions, and verification. The research results show that based on the implementation of spatial planning policies to maintain protected rice fields in Malang City, spatial planning activities were carried out without community participation. Spatial planning regulations to maintain protected rice fields are outside the vision and mission of Malang City. Space utilization is carried out through provisions on the suitability of space utilization activities, indications of leading programs, and synchronized implementation of space utilization programs. Meanwhile, control of space utilization is carried out through supervision, monitoring and administration of administrative sanctions. Supporting factors consist of clarity of regulations, adequate resources, a positive attitude of implementers, and clarity of division of authority. Meanwhile, inhibiting factors include socialization not progressing, regulatory inconsistencies, clarity of budget allocation, implementing incentives and non-existent SOPs. Apart from that, there are external inhibiting factors, namely the high selling price of land and other livelihoods. In the future, the Regional Government of Malang City needs to make special regulations that regulate the details of protected ...

The Right to Manage Emergent Land on the Riverbank

Management rights over emergent land on the banks of the Batanghari River Watershed in Penyengat Rendah District, Jambi City have been practiced by the local community for generations without formal ownership as of this study. This article examines the legality of land tenure under Indonesian law and the rights to manage land emerging along the Batanghari riverbanks, aiming to advise the local government on the crucial need for legal recognition of these rights. Utilizing an empirical research method involving direct community engagement, the study finds that community management of this land is driven by longstanding residency and utilization, the scarcity of available land for agriculture in Jambi City supporting the local economy, high land prices, and historical reliance on riverbank land use. Despite continuous management, these activities lack permanent legal status as outlined in Article 16, Paragraph (1) of the Basic Agrarian Law.

Landwirtschaft im nationalen Wettbewerb und die Rolle des Bodenmarktes

Abstract German agriculture exhibits persistent income problems. While larger farms are on average quite profitable, this is consistently not true for the majority of part-time and small- and medium-sized family farms. These farms are particularly prominent in the southern and western parts of Germany while larger family and corporate farms dominate the north and the east. Competition among farms is fierce on land markets. Particularly regions with smaller farms exhibit high land prices, often higher than the Ricardian land rents. This market disequilibria as well as the persistence of income deficits for small farms can be attributed to agricultural subsidies, tax benefits and legal privileges.

Land prices, digital instruments and retail performance

PurposeThe results indicate that land prices exert pressure on retail performance (RP) and that the enhancement of digital means has a positive effect on RP. Additionally, digital instruments (DI) play a significant moderating role in the relationship between land prices and RP.Design/methodology/approachThis paper empirically examines the impact of land prices on RP using panel data from 239 Chinese cities between 2011 and 2022.FindingsThe use of lagged land prices as instrumental variables effectively alleviates endogeneity issues. Both two-stage least squares (2SLS) and generalized method of moments (GMM) regression results suggest that higher land prices are associated with improved RP. Further analysis reveals that the increase in land prices leads to scale effects, structural effects and technological effects, contributing to the enhancement of RP. The impact of land prices on RP becomes more pronounced in larger cities and economically developed regions experience the pressure from land prices earlier.Originality/valueThe findings of this study have practical implications for discussions on retail industry development, site selection for retail businesses and the establishment of sustainable mechanisms for expanding domestic demand.

Move, Stay, or Pay: The Impact of Land Prices on Migration Balances in Germany

This paper examines the effects of housing costs on net migration in Germany, a country with a polycentric structure. We apply a panel data estimation framework with a large array of unit, time, and regional fixed effects to close to 400 individual counties for the period of 2002 to 2018. Our findings suggest a strong and negative relation between residential land prices and net migration. We conclude that higher land prices can largely offset the additional amenities factored into housing costs and hence cause negative effects on migration. We show that our results are robust to various control specifications, including the addition of variables such as income, education, and age structure, and the use of time lags.

Move, Stay, or Pay: The Impact of Land Prices on Migration Balances in Germany

This paper examines the effects of housing costs on net migration in Germany, a country with a polycentric structure. We apply a panel data estimation framework with a large array of unit, time, and regional fixed effects to close to 400 individual counties for the period of 2002 to 2018. Our findings suggest a strong and negative relation between residential land prices and net migration. We conclude that higher land prices can largely offset the additional amenities factored into housing costs and hence cause negative effects on migration. We show that our results are robust to various control specifications, including the addition of variables such as income, education, and age structure, and the use of time lags.

중소형 빌딩 특성이 매매가격에 미치는 영향분석

As times change, the factors influencing the prices of small and medium-sized buildings also change. There have been numerous studies on commercial establishments examining the impact of changes in phosphorus, but there is a lack of research on how the characteristics of small and medium-sized buildings affect sales prices. This study empirically analyzes how the characteristics of small and medium-sized buildings affect their sale prices. The findings are as follows. Small and medium-sized buildings with a large land area and high official land prices have a positive (+) effect on the sale price. Second, small and medium-sized buildings with a large floor area, as well as buildings that have violated regulations or have large floor areas (including underground floors) for space utilization, have a positive (+) effect on the sale price. However, the number of years that have passed since construction and the availability of parking have a negative (-) effect on the sale price of small and medium-sized buildings. In addition, it was found that the price of small and medium-sized buildings was affected by the type of buyer, a corporate investors had a positive (+) effect on the sale price. Therefore, small and medium-sized building investment entities should make decisions regarding acquisition, operation, and disposal while considering the characteristics of the building and the trading prices.

Price competition and market concentration: Evidence from the land market in China

While localized price competition in many markets has been extensively analyzed, little empirical work has been undertaken in the land market. It is the intent of this paper, therefore, to investigate the nature of spatial price competition among land sellers that compete in concentrated markets within a specific geographical area. Applying spatio-temporal autoregressive model to data from the residential land market in China from 2007 to 2015, we find that, (1) the land market for residential development is highly localized, where land sellers (local governments) respond more strongly to the price changes by “close-by” sellers; (2) larger market share is significantly associated with less spatial price response and higher land price. Placebo analysis using the sample of land supply for industrial development reinforces a causal interpretation of our main findings. Results from this paper permit the conclusion that the supply of land for residential development is not a perfect competitive but a localized competitive market where land sellers controlling a larger share of the market exercise market power to maximize land revenue.

Regional Disparity in the Educational Impact of COVID-19: A Spatial Difference-in-Difference Approach

The transmission of COVID-19 suddenly shifted most school classes to online lectures, and these unexpected changes often exacerbated existing imbalances by region and school. Our study used land price data as a proxy for regional wealth and empirically examined the inflation of education inequality between the areas with high and low land prices during the COVID-19 pandemic in South Korea. The gaps in the average high school Math and English scores between 2019 and 2020 (Y1 effect) and 2019 and 2021 (Y2 effect) are used as the main educational outcomes. We utilized the spatial difference-in-difference (DID) method to reflect the spatial autocorrelation on the school-level distribution of the score changes. The impact of the online class conversion on student performances was found to be significantly different between the regions with low and high land price and was more noticeable for the Math score during the first year of the pandemic. During the second year of the pandemic (2021), the scores increased in both regions, but the regional gap remained persistent. Evidence-based policies should be implemented to enhance regional educational conditions and resources, which, in turn, should prevent educational inequality across the regions stemming from the conversion to online classes.

Associations between older adults’ going-out frequency and land price of neighbourhoods: Potency of land price as an indicator of homebound tendency

The aim of this study is to identify the potency of land price as a general indicator of the homebound tendency of neighbourhoods. For this purpose, we focus on the associations between land price and older adults’ going-out frequency, while considering the similarities and differences from factors associated with walkability. The study targets are 19,270 individuals living in the Tokyo metropolitan area who are aged 65 years or older who are not certified as needing public long-term care insurance. This study uses a two-step procedure: a) the land price of each neighbourhood is estimated using rent price data from 2010 to 2019 collected by an official Japanese realtor organization; b) the associations between older adults’ goingout frequency, according to the 2016 Japan Gerontological Evaluation Study, and the estimated land price of their neighbourhoods is identified using multilevel analysis. The results indicate that land price has strong negative associations with older adults’ going-out frequency. Associations between land price or other walkability-associated factors, such as population density, ratio of commercial area, and proximity to the nearest train station, only appear when these factors and land price are included within the same model.The results suggest that, when inspecting homebound tendency in some neighbourhoods, factors relating to the built environment must be considered alongside land prices. Furthermore, the homebound status of older adults is a pressing challenge, especially in neighbourhoods with high land prices.

Dynamic change and evolutionary mechanism of city land leasing network—Taking the Yangtze River Delta region in China as an example

Mapping city networks has attracted scholarly attention in urban studies, while the relevant studies focusing on land elements are lacking. This study aims to address and fill this research gap by analyzing across-city land leasing relationships. Using Yangtze River Delta region (YRDR) in China as a case, we explore the dynamic change and evolutionary mechanism of city land leasing network based on urban land leasing data and temporal exponential random graph model (TERGM). The findings reveal that: 1) At the macro level, as the interconnections between cities in the YRDR grow stronger, the inter-city flow of land elements has become growingly convenient and accessible, there is a corresponding increase in the frequency of land use rights transfer between cities. This has led to the emergence of a more intricate and interconnected city land leasing network in the YRDR. 2) At the medium level, city land leasing network in the YRDR fosters land leasing communities within province boundary. Shanghai community is identified as the strongest community, which establish a compact relationship with a large number of cities in Zhejiang, Jiangsu, and Anhui provinces. The province of Zhejiang, Jiangsu, and Anhui have also foster communities with provincial capitals as the core, respectively. 3) At the individual level, Shanghai is the primary recipient city in terms of cross-city land leasing relationships, followed by provincial capital cities of Hangzhou, Nanjing, and Hefei. 4) Significant effects, including endogenous structural effects, actor-relation effects, exogenous network effects, and time effects, could be found in the city land leasing network of the YRDR. The city land leasing network in the YRDR is influenced by endogenous structural factors such as popularity, transitivity, and connectivity. Cities with low economic development levels, strong land leasing intervention, high real estate development investment levels, and high land leasing prices are more likely to lease land to other cities. Cities with higher levels of economic development, higher levels of industrial structure upgrading, higher levels of real estate development investment, and higher land prices are more likely to lease land from other cities. Furthermore, cities within the same province or within Yangtze River Delta Urban Agglomerations (YRDUR) are more likely to foster inter-city land leasing relationships, while the distance between cities negatively affects the establishment of inter-city land leasing relationships.

URBAN QUALITY OF LIFE EVALUATION USING LAND PRICE WITH STATUS-QUALITY TRADE-OFF THEORY AND ECOSYSTEM SERVICES

Urban Quality of Life (UQoL) is the main objective of sustainable development in the urban context. It is now widely recognised as a multidimensional concept. The satisfaction provided by the elements related to accommodation, such as housing and land, greatly contributes to the satisfaction with quality of life. Meanwhile, the UQoL also contributes to housing and land prices in cities. Our review shows that most current studies on this interrelationship are limited to several dimensions of UQoL and their impact on housing or land prices. This article will fill the gap by using the land price as an input for calculating a UQoL index from the viewpoint of the Status-Quality Trade-Off theory and ecosystem services. A case study was conducted in Cau Giay District, Hanoi, Vietnam, to create a map of the UQoL index and investigate the interrelationship UQoL – land price. In an ideal condition, this interrelationship should be positive (high/low UQoL index – high/low land price). However, this research revealed two other negative scenarios: “high UQoL index – low land price”, and “low UQoL index – high land price”. These negative scenarios can bring many business opportunities and therefore be interesting for stakeholders in the real estate market.

Study of Various Obstacles on Land Tenure on Jakarta Vertical Land Consolidation in Housing Development Program

The topic of “illegal” settlements cannot be separated from the topic of agrarian tenure, specifically the tenure of land, water, plants, and mining resources. In the development of a capitalistic city, the emergence of settlements through informal land tenure is inevitable due to the inability of the marginalized community to afford the high price of land. Presidential Regulation Number 86 of 2018 regarding Agrarian Reform at first glance looks like fresh air for the urban marginalized communities who have difficulties having asset and access to argarian resources. However, cities in Indonesia have diverse dynamics due to different backgrounds and also due to urbanization, therefore various alternatives are required in the implementation process. One of the Government’s instruments in implementing the agrarian reform mandate to distribute land rights to the people is Land Consolidation, espescially Vertical Land Consolidation in Jakarta due to limited of coverage area. An alternative is needed to ensure that the right to a decent standard of living is fulfilled without making marginal communities merely objects of planning but also subjects of planning.

Exploring the spatial variation of the effect of Covid-19 on property market activity in Kampala District

The real estate sector in Uganda has been substantially impacted by the onset of COVID-19 in this country. Studies conducted worldwide have indicated that, pandemics affect property market activities differently. Additionally, the effect of pandemics on property market activity varies from one place to another. Studies conducted in Uganda, however, have not captured how the effect of COVID-19 on property market activities varies from one place to another. This study therefore explored the spatial variability of the effect of COVID-19 on property market activities in Kampala district, Uganda. The study took advantage of the spatial statistical analytical models advocated by GIS (Getis-Ord Gi*, OLS, GWPR) and a unique dataset of property transactions registered by the Ministry of Lands, Housing and Urban Development (MLHUD) during the outbreak of the deadly disease. Whereas the study observed high volumes of property transactions registered in the residential outskirts of the city, low volumes were observed in the Central Business District (CBD) and the low-income areas of the eastern and western parts of the district. On the other hand, the local model approach of GWPR exposed the substantial effects of COVID-19 on property market activities that varied from -39% to 10%. It was further established that COVID-19 generated negative effects in areas with low and high prices of land per acre, to the extent of increasing as the prices dropped or increased. On the contrary, a positive effect was realized in the residential outskirts of the city where prices of land per acre were moderate. Work from home, land parcel size as well as the composition of the population, proved to be the main drivers of the changes in property market transactions (activity). The findings of the study underpin the earlier postulations of various researchers that pandemics affect property market activity. However, the effects of the pandemics vary from one pandemic to another and from one place to another.

The regional variation of a housing boom. Disparities of land prices in Austria, 2000–2018

Debates accompanying the global housing boom have primarily focussed on the economic and social implications for urban housing markets. Against this background, this paper analyses the repercussions for regional land prices of a national housing boom in and beyond agglomerations. Convergence and divergence dynamics, regional price drivers, and spatial diffusion are investigated by examining average building-land prices of 95 Austrian regions between 2000 and 2018. The results indicate a clear increase in regional disparities in land prices, with the main rise taking place during a high price-growth period. Regions with high land prices are the main drivers of divergence, while a substantial number of peripheral regions with converging land prices were hardly affected by the national price boom. Land-price growth rates are positively affected by the number of households but negatively impacted by income growth, which points to a problematic decoupling of household income and land prices. Finally, the diffusion of the land-price boom occurs along the urban hierarchy as well as via neighbouring regions, confirming the ripple-effect hypothesis.

Analysis of the Effect of Infrastructure Development on Land Prices in Cinere and Beji Districts, Depok City

The surge in housing prices in cities has triggered the emergence of many problems related to urban settlements, starting from the construction of housing that is far from the city center, congestion problems, pollution, to encouraging the occurrence of many informal slum settlements. This causes a shift in settlements to supporting areas, especially Jabodetabek. Residential prices are dominantly influenced by high land prices. Infrastructure development has a major influence on economic growth and the development of an urban area. However, this is not easy to apply in the Depok City area, especially in the Cinere and Beji District areas. Housing development is very rapid but must be followed by the development of facilities and infrastructure. The purpose of this study was to analyze the influence of infrastructure development factors such as road network (accessibility), availability of facilities (transportation network, electricity network, telephone network, clean water network, educational facilities, health facilities) and residential neighborhoods based on the opinions of housing residents on land prices in residential neighborhoods in Depok City, especially in Cinere Dan Beji Districts. The research method used is research using a mixture of quantitative and qualitative methods in stages considering the complexity of the problem. Quantitative methods will be used to look at housing-related data as a basis, then to NJOP analysis as a basis for land prices. The results of this study indicate that in general, the data analysis shows compatibility with the literature that has been done, that land prices are very significantly influenced by the accessibility of the main highway network and the presence of commercial equipment to fulfill needs.

Timber Structures and Prefabricated Concrete Composite Blocks as a Novel Development in Vertical Gardening

A modern, environmentally friendly urban lifestyle requires paying attention to landscaping and green areas. The scarcity of free land in cities and the high price of land require the combination of greenery with buildings—both vertically and horizontally. The developed green technology for construction brings together computer numerical control (CNC) processing of supporting structures and prefabricated solid planting blocks made of concrete composite. The timber structures are fixed together using traditional carpentry joints. The details, which will be manufactured in the factory using CNC processing at a controlled temperature and humidity corresponding to indoor conditions, can be easily assembled on the construction site. The high bending strength but good elasticity and connections of carpentry joints endow the structure with good properties in a non-controllable environment. By combining CNC-processed wooden structures with concrete technology as substrate composites, labor-intensive manual work in landscaping and gardening will be reduced in the future. The novel material-hardening substrate composite material uses only the residues as the raw materials.