Urban Land Prices Research Articles

PELAKSANAAN KONSOLIDASI TANAH PERKOTAAN UNTUK PEMBANGUNAN JALAN BY PASS DI KOTA BUKITTINGGI

The increasing price of urban land causes the government difficulty in providing land for development. The status of land tenure will be more legal with the certificate as proof of ownership and ownership of land rights. Presidential Regulation no. 65 year 2006 stated that the procurement of land for the implementation of development for public interest by the government carried out by way of disposal or surrender of land rights. Article 18 of the UUPA explains that the revocation of a person's right to the land owned by the government shall only be exercised if the land is used for the common good including the interests of the nation and the state and the common interest of the people, the rights of the land may be revoked, compensating feasible as regulated by law. This study aims to find out how the implementation of land consolidation for the construction of By Pass in Bukittinggi City. To find out the obstacles faced by the local government of Bukittinggi city in the settlement. This research uses sociological juridical method, primary data in research is interview to informant and second data is library materials. The results show that the implementation of land consolidation of By Pass of Bukittinggi city has not been implemented maximally because the community has not fully understand the purpose and objectives of the implementation of land consolidation so that the people do not wholeheartedly implement it. Constraints faced in the completion of land consolidation for by-pass included the lack of public knowledge about land consolidation, the objections of some communities in handing over their consolidated land to the government and Most of the consolidated lands are customary soils together so it is a bit difficult in decision maker.

Big‐Box Stores and Urban Land Prices: Friend or Foe?

AbstractThis study examined the effect of a new Walmart store on nearby U.S. urban land prices and found that, within one quarter mile of a new Walmart store locale, land prices increased by almost 39% over the four‐year development time period. Supercenters and commercial land sales were instrumental in driving the positive price effects. Robustness tests found a positive land price effect with other big‐box stores, suggesting that the land price effect was not limited to Walmart stores, but in fact, was a big‐box store effect.

Best Land Use with Negative Externalities: Determining Land Values from Residential Rents

When land regulations are binding, then the land price per m2 is determined by the attractiveness of the location and the restrictiveness of the regulation. In the case of a maximum oor area ratio (FARmax) restriction, the best use land price can be directly expressed as a function of the FARmax and local amenities. We show theoretically and empirically how this approach can be used to determine land values from residential rents. From our empirical results, we derive two main sources for a monocentric structure of land prices. First, the location attractiveness of centrally located dwellings makes land prices more expensive. Second, on a regulatory basis, the FARmax works as a multiplier for land prices. Because the FARmax is high in central areas, land prices are inated accordingly. Our model gives insight into determinants of urban land prices. In addition, it is a useful approach for land appraisal in urban regions.

Spatial Variation Analysis of Urban Land Price in Central Kunming City

The purpose of this study is by taking the balance theory of western urban space structure for reference, to analyze the characteristics and influencing factors ofspatialvariation ofland price in single centerofprovincialcapital in China, the curve of spatial variation and the optim ization of land use pattern. Methods of GIS, statistical and econom etric were em ployed with the actual transaction data of land price in Kunm ing from 2001-2013. The results indicate thatland price decreases from city centerto outskirtalong with obvious spatialvariability.The dom inantfactor of land price spatial variation is the distance from the city centre,followed by CBD distribution,public utilities and naturalconditions.In conclusion,the land price has played a role in spatial allocation of land resource after m ore ten years reform ofurban land use system . The urban land price spatialvariation in single center ofprovincialcapitalin China is in accord with Alonso's theory of space structuralm odelbasically.

Co-location of manufacturing and producer services in Nanjing, China

Most existing research examines the spatial patterns of manufacturing and producer services via separate investigations and from provincial and municipal perspectives. This paper, however, analyzes the co-location of manufacturing and producer services and their influencing factors from an intra-urban perspective. This empirical study is based in Nanjing and uses a 2001 basic unit census dataset and a 2008 economic census dataset at the firm level. The results show that the suburbanization process of manufacturing was much faster than that of producer services and indicate the establishment of producer services in the urban core and manufacturing in the periphery. The employment of producer services was highly concentrated in urban centers in the two interval years, but gradually expanded to surrounding new towns such as Jiangning, Pukou, and Luhe. In contrast, the employment in manufacturing was dispersed with substantial distribution in the old city and in suburban development zones. Manufacturing and producer services were largely co-located in the new towns of Jiangning and Pukou and national development zones. The spatial autoregression model indicates that the spatial distribution of manufacturing and producer services was subject to the joint effects of agglomeration economics and urban land price, which led the two sectors to retain a degree of spatial separability, even though their co-location was preferable. The distribution of manufacturing was significantly affected by land prices and constantly re-concentrated from urban centers to development zones and township industrial parks in suburban areas. Comparatively, the distribution of producer services was not significantly affected by land price and gradually occupied city centers with high land prices because the sector had a stronger capacity for bid rent.

The role of land planning policies in supporting housing affordability: The case of the Gaza Strip

The Gaza Strip suffers from a limited amount of land compared to the population growth rate. This imposes several challenges on urban planners in managing housing land in a way that protects housing affordability, especially for the low-income category. In general, housing in the Gaza Strip is unaffordable, for several reasons, including a recent abnormal rise in urban land prices. The study investigated this issue based on a survey of local housing specialists in addition to residents. The study found that to support housing affordability in Gaza, planning solutions that ensure efficient use of urban land in the first place need to be implemented. Furthermore, two parallel actions are required: (i) to implement measures that increase housing land supply and improve security of land tenure; and (ii) to establish a robust and effective housing finance system that fits the socio-economic situation in the Gaza Strip.

El Plan de Ordenamiento Territorial (POT) de Cali, una aproximación

En este documento se describe, analiza y evalúa la política pública de desarrollo urbanístico del Plan de Ordenamiento Territorial en la ciudad de Cali (POT, 2000). La incidencia de dicha política pública dentro de la transformación física de la urbe se puede evidenciar a través de un indicador tan elemental como es el precio del suelo urbano -en relación con el mercado de los precios de la tierra urbana, debido a que este factor señalizador de mercado determina las reglas del juego en una sociedad-. Es decir, se tiene una herramienta metodológica en términos de evaluación de estas políticas públicas específicas.

Land Price, Bubbles and Permit Raj

Even where adequate land is available for urban development, there can be high persistent land prices and high-rise buildings. Why? Are high prices always related to bubbles? This article examines these questions. It reconsiders whether high rural land price causes high urban land price or it is the other way round. It is shown that the root cause can lie elsewhere in the Permit Raj in the real estate sector. Dismantling this can make housing more affordable, and increase the economic surplus, potentially providing more room for welfare schemes including those related to land and housing.

Spatially non-stationary relationships between urban residential land price and impact factors in Wuhan city, China

Land price plays an important role in guiding land resource allocation for urban planning and development, particularly in big cities of fast developing countries where infrastructures and populations change frequently. Therefore, detecting spatially implicit information in the spatial pattern of relationships between land price and related impact factors is critical. Geographically weighted regression (GWR) analysis was conducted in this study for the purpose in Wuhan, China, by using a 10-year panel data set of residential land price. Based on twelve factors in three aspects (land attributes, location factors and neighborhood attributes), an evaluation index system of resident land price was established. The spatial distributions of estimated coefficients and pseudo t-values of three major explanatory variables (floor area ratio, distance to nearest center business district (CBD) and distance to nearest lake), obtained from GWR analysis, indicated that their relationships of the impact factors with land price are spatially non-stationary. The positive impact of floor area ratio on land price is more significant in highly developed areas than in less developed areas. Conversely, the negative impact of distance to nearest CBD on land price is larger in highly developed areas than in less developed areas. Moreover, wealthier dwellers may be willing to pay a higher price for a good lake view (especially views of small lakes), but infrastructure barriers (near some large lakes) cause negative effect. The outputs of this study, which provide detailed information on the relationships between land price and impact factors in local areas, are promising for urban planners to scientifically evaluate land price and make area-specific strategies.

REESTRUTURAÇÃO PRODUTIVA E RECONFIGURAÇÃO DA ÁREA CENTRAL DE FORTALEZA

The text discusses the metropolitan theme from the perspective of productive restructuring, especially the spatial transformations and the reconfiguration of the central area of Fortaleza. The focus is placed upon the comprehension of the social-spatial processes in their configuration with fragments, residues and new centralities, which testify to the process of production of the city in the light of property restructuring as a strategy for the reproduction of capital. The hegemony of financial capital and of the national and transnational construction companies reinforces mechanisms of social-spatial reproduction altering the urban structure and the expansion of the urban sprawl. This text confirms the significance and importance of the condominiums, walled properties and shopping malls which alter the price of urban land and modify, above all, the use of the soil.

Economía política y métodos de avalúo del suelo

<p align="justify">La tierra es factor clave para la planificación urbana y es un insumo básico para toda política de vivienda y construcción del espacio público. Ello exige el máximo rigor sobre la percepción científica, los instrumentos y los métodos idóneos para determinar el precio de las tierras urbanas. Antes de presentar y discutir tales aspectos, este estudio examina los argumentos de la teoría económica clásica y neoclásica que explican los postulados para investigar los avalúos como parte de una concepción teórica de la ciencia económica. Esta revisión reitera nociones poco entendidas, como que el precio del suelo no se establece en el proceso productivo y que no se produce como cualquier otro bien, pues su existencia deriva de procesos de mayor productividad y de la propiedad del recurso que marca la diferencia de productividad en un mercado, donde las peores condiciones de producción regulan los precios; en fin, que es el mercado, y no la propiedad particular del suelo, lo que define su precio, todo esto en consistencia con la valoración de la utilidad en el proceso productivo del espacio construido.</p>

Economic, demographic and environmental factors affecting urban land prices in the Arab sector in Israel

The land market in the Arab sector in Israel represents a real estate submarket that differs from the land market in the Jewish sector. This submarket is typified by a growing lack of building for residential projects and by widespread construction of homes on agricultural land, often without proper permits. The present study compares land prices in two towns of comparable size, located in close proximity from each other, one of which (Nazareth) has predominantly Arab population and the second one (Afula) is mostly Jewish populated. The analysis covers the period between 1998 and 2012 and is based on land transaction records, published by the Israel Tax Authority. The main study methods were the time trend analysis and multivariate regressions, in which the dependent variable, the price of land, was mutually compared with socio-demographic and environmental variables representing the towns’ population and geography. The study demonstrates that property values, reported to the tax authorities in Nazareth, tend to be lower than the actual worth of those properties, and that, despite the geographical proximity of the two towns and their comparable population size, land prices in Nazareth are significantly higher than those in Afula. We explain these differences by a limited supply of land for new development in Nazareth as well as by the opposing effects of the prime interest rate and of internal migration: a rise in both factors is positively correlated with increased land prices in Afula, but with lower land prices in Nazareth.

The transformation of urban industrial land use: A quantitative method

A large number of cities around the world today owe their land use growth to the rapid development of industrial areas. The spatial structure of industrial distribution in cities shape urban spatial morphology linking with land use, transportation, economic activities, and housing. Meanwhile, growth and expansion of city population and land use reconfigure the spatial structure of industrial distribution. Research into urban industrial spatial distribution and its transformation process may help urban planners and decision makers understand the land use and population dynamics of a city. Genetic algorithms are believed to be one kind of the promising methods to simulate this dynamic process. In this paper, we propose a novel method to simulate urban industrial spatial distribution and its transformation process in Shanghai, China. The results show that along with increasing urban land price over time, industries are going to move outward from the city center. However, the maximum profit of a firm tends to decrease, which could lead industrial factories to move beyond city boundary. The analysis of the current industrial spatial distribution in Shanghai indicates that, when land price in a city rises above a specific threshold, new government policies and other competitive advantages need to be enacted if the city wants to retain industrial firms within the city boundary.

Optimal Height Of Land Development – An Economic Perspective

Abstract Sky-scrapers are rising in the panorama of big modern cities more and more often, becoming a symbol of dynamic growth and prestige. High-rise development appears to be an answer to the expanding demand for new residential and commercial space as urban land prices continue to go up and the availability of land decreases. This article aims to identify factors affecting the choice of optimal building height in the context of economic effectiveness. It also presents factors that determine the implementation of high-rise development projects. Given the complexity of this subject matter, emphasis is placed on its economic dimension.

Programas de vivienda social nueva y mercados de suelo urbano en el Perú

El gobierno del Peru esta implementando el Programa Techo Propio Adquisicion de Vivienda Nueva (AVN), destinado a los sectores de menores ingresos. El logro de su objetivo, sin embargo, se ha visto obstaculizado por diversos problemas, como el desbalance existente entre la demanda, por una parte, y los escasos proyectos de vivienda desarrollados en el pais y precios de la tierra urbana, por otra. Para el estudio de esta situacion se realizaron dos tipos de analisis, cualitativo y cuantitativo, destinados a evaluar los resultados del programa. Junto con la revision de la literatura sobre el tema, la herramienta utilizada para dichos analisis fue el estudio de casos (Lima y Trujillo), con la aplicacion de una encuesta y el desarrollo de entrevistas, en un enfoque en que se examina la situacion del Peru en perspectiva comparada con otros paises de America Latina.

Impact of fuel price on the development of the urban sprawl in Spain

This article analyses the impact of the variation in the price of fossil fuels on the development of the urban sprawl in Spain. The analysis is empirical and is based on a panel data collected in the provinces of Alicante, Almeria, Balearic Islands, Barcelona, Cadiz, Castellon, Cordova, Girona, Granada, Huelva, Jaen, Lleida, Madrid, Malaga, Murcia, Seville, Tarragona and Valencia from 2000 to 2010. This study combines the principles of the natural evolution theory with the price of fuels and two types of family houses: single-family houses and apartment buildings. The main finding drawn from the econometric analysis is that an increase in the price of fuel leads to a decrease in the construction rate of single-family houses. In addition, the study confirms the influence of other variables on the construction rate of single-family houses, such as household income, population size, cost of public transport and price of urban land.

The Study of the Factors Affecting Urban Residential Land Price

In this paper, we use the 2005-2010 data of 35 large and medium cities in China to establish a panel model, and fixed effects model is used to estimate the factors that affect the price of urban residential land. The empirical results show that urban infrastructure, the level of economic development, the living standards of residents and the size of the population have a significant positive impact on urban residential land price.

Is Urban Land Price Adjustment More Sluggish than Housing Price Adjustment? Empirical Evidence

This article hypothesises that, due to factors such as thin trading and lack of publicly available data on transactions in the land market, urban land prices react more sluggishly to shocks in market fundamentals than housing prices do. Based on a vector error-correction model utilising quarterly data for the Helsinki Metropolitan Area in Finland over 1988Q1–2008Q2, the empirical analysis provides support for this hypothesis. In particular, the results suggest that new information regarding the market fundamentals is more rapidly reflected in housing prices than in land prices. Nevertheless, it is the housing price level, instead of land prices, that adjusts towards a cointegrating long-run equilibrium between housing prices, land prices and construction costs.

Relationship between urban land price and housing price: Evidence from 21 provincial capitals in China

Economic fundamentals are recognized as determining factors for housing and land prices on the city level, but the relationship between housing price and land price has been disputed. In this paper, a simultaneous-equations model is developed to explore the interaction between housing price and land price. This model uses urban land price and housing price as endogenous variables and five factors for land price and seven factors for housing price as exogenous variables. By using sample data of 21 provincial cities in China from 2000 to 2005, the model is estimated by using the two-stage least-squares method. Housing price and land price have an endogenous interrelationship, and as a whole, housing price has greater influence on land price. Per capita disposable income is not only an important factor for land price but also has a direct impact on housing price. Lagged house price has the highest degree of influence on housing price, which implies that increased house price is the expected effect of housing price. The model is effective and reasonable, and it can provide a basis for relevant government departments to establish related policies.

Modeling land price distribution using multifractal IDW interpolation and fractal filtering method

Characterizing the spatial distribution of urban land price is essential for improving urban planning and management, as well as for effectively modeling and predicting changes in urban land use. Previous studies have shown that in using conventional geostatistics methods to characterize the local structure of land price, there is controversy regarding the effectiveness of interpolation. In this paper, a recently developed Multifractal Inverse Distance Weighted (MIDW) interpolation method is applied to characterize the spatial structure of land price, and a spectrum analysis method (S–A) based on a fractal filtering technique is applied to separate the singularity from the background of land price distribution; these methods are applied to a study site in the city of Wuhan (China). It is shown that the MIDW interpolation method is a valid and effective alternative for characterizing land price distribution by comparison with ordinary IDW and Kriging methods. Based on deviation and parameters, the results of the MIDW method not only fit better with the surveyed values, but they also incorporate both the singularity and spatial association in data interpolation. The singularity of land price, which could be attributed to local special landscapes, such as the Yangtze River and East Lake, was successfully separated from its background by the S–A method. The background, which represents the overall spatial trend of land price distribution, was reclassified by the fractal concentration–area method. The derived singularity and background will better aid the decision-making process for urban planning.