An assessment of the impacts of large‐scale urban projects on land values: The case of Belo Horizonte, Brazil

Almeida, Renan Pereira; Brandão, Marcelo de Brito; Torres, Ramon da Silva; Patrício, Pedro; Amaral, Pedro

doi:10.1111/pirs.12572

Cited by 3 publications

(4 citation statements)

References 50 publications

(80 reference statements)

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“…Indeed, the study area faced significant land value increases after the development policy, showing reinvestment in fixed capital. Almeida et al (2021), using a difference-in-difference regression model, found statistically significant land value increases related to these investments. We then identified the land users in the study area and whether they had changed.…”

Section: Resultsmentioning

confidence: 97%

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Can economic development policy trigger gentrification? Assessing and anatomising the mechanisms of state-led gentrification

et al. 2021

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This paper aims to bridge universality – as gentrification stands as a global threat to vulnerable communities – and local circumstances and geographies, by investigating structural factors, such as deindustrialisation and land rent gaps, as well as local political economies and socio-spatial structures, which are all common in the Global South. We conducted research in Belo Horizonte, Brazil, to investigate whether a neoliberal economic development policy acted as a trigger for gentrification, relying on mixed methods research to analyse evidence of economic restructuring, land rent creation, changes in resident profiles and major urban development trends in the region. Findings indicate evidence of economic restructuring and that the policy triggered higher land values. However, we did not observe evidence of gentrification in the area and attribute this to a still-relevant manufacturing sector, the extensive presence of large informal settlements, the growing numbers of suburban gated communities, the low proportion of renters, and the fact that local elites are moving southwards while the policy took place in the northern peripheries of the metropolis. Federal policies such as minimum wage increases and housing programs partially contradicted neoliberal state policies. This case study offers a lens to investigate gentrification in different latitudes and illustrates how social policies may prevent gentrification processes.

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Section: Resultsmentioning

confidence: 97%

“…To assess the policy's effect on land values, we used information from Belo Horizonte's land transfer tax databases from 2009 to 2017 (Almeida et al, 2021). It is worth noting that property taxes had a stable growth in the neighbourhoods under study as well as in entire municipalities, being adjusted by only the inflation rate.…”

Section: Data and Approachmentioning

confidence: 99%

Can economic development policy trigger gentrification? Assessing and anatomising the mechanisms of state-led gentrification

et al. 2021

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“…Infrastructure quality, access to services like public healthcare and education, and security measures such as the presence of police stations all impact the desirability of a neighborhood and, consequently, its land values. Cities that embark on large-scale urban projects, as recently witnessed in Dubai and Doha, are likely to see a huge positive change in land values (Almeida et al, 2021). Factors like flooding risk, noise pollution, waste management, and the quality of roads and transportation routes can either accentuate or attenuate the attractiveness of an area, directly affecting land prices (Aziz et al, 2021).…”

Section: Discussionmentioning

confidence: 99%

Three attributes determining land values in three selected housing estates in Uyo, Nigeria

Iroham,

Okagbue,

Ekanem

et al. 2024

Front. Sustain. Cities

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There is a knowledge gap regarding the specific attributes (location-specific, environmental, and neighborhood) that impact land value, the relationship among these attributes, and the degree of impact on the land values in residential estates in Uyo, Nigeria. The three factors all combine to create a unique picture of a place, impacting its desirability and ultimately, its land value. This study explores the relationship between various land value attributes within specific residential estates (Ewet Housing Estate, Shelter Afrique Estate, and Akwa-Ima Estate) in Uyo. A questionnaire was designed and used to solicit data from the respondents living in the three estates with the aid of the purposive sampling technique. The findings revealed the following: Closeness to school is the location-specific attribute that contributes the most to land value, and closeness to recreational centers contributes the least. The presence of security and police stations had the most significant contribution to land value, and the presence of noise in the neighborhood had the least significant contribution. Peace, quiet, and beauty had the most significant contribution to land value, and the presence of lakes and water bodies in the environment contributed the least to land value. The factor analysis yielded two major factors for location-specific attributes: ‘transport’ and ‘place’. The factor analysis grouped the neighborhood attributes into two factors: ‘easily controlled’ and ‘not easily controlled’. All three attributes of land values are positively correlated with one another. Implications for research and recommendations were made.

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“…However, public financing tools, even debt-based instruments, can inadvertently increase surrounding (private) property values. Almeida et al (2021) use fiscal geographies to understand how the state could recover increased property prices due to public expenditure through a mechanism called value capture. Wijburg (2021) considers taxes and other fiscal instruments as critical levers for “de-financializing” housing.…”

Section: Property Environment and Financementioning

confidence: 99%

Fiscal geographies between the crisis and the pandemic

Tapp,

Kay

2023

Environ Plan A

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This paper serves as an introduction to the themed issue on “Post-Crisis Fiscal Geographies.” In it, we review the growing body of work on fiscal policy and geography, with particular emphasis on taxation and tax policy. We argue that geographers and other scholars of political economy should pay greater attention to the state’s active capacities, particularly during the long troughs between the crises which tend to receive the bulk of scholarly and popular attention. We situate the three papers that comprise the special issue within the broader literature, closing by suggesting the need to broaden fiscal geographies scholarship beyond tax, as well as raising the possibilities for justice that could arise from closer engagement with fiscal policy.

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An assessment of the impacts of large‐scale urban projects on land values: The case of Belo Horizonte, Brazil

Cited by 3 publications

References 50 publications

Can economic development policy trigger gentrification? Assessing and anatomising the mechanisms of state-led gentrification

Can economic development policy trigger gentrification? Assessing and anatomising the mechanisms of state-led gentrification

Three attributes determining land values in three selected housing estates in Uyo, Nigeria

Fiscal geographies between the crisis and the pandemic

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