Development density, administrative decisions, and land values: An empirical investigation

Głuszak, Michał; Zygmunt, Robert

doi:10.1016/j.landusepol.2017.10.036

Cited by 24 publications

(17 citation statements)

References 32 publications

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“…The topic was also addressed in Poland. Recently, links between land use planning and property prices have been investigated by Forys and Putek [42], Zygmunt and Gluszak [43], and Gluszak and Zygmunt [44]. According to some authors [4], the land used regulations can result in three different effects.…”

Section: The Announcement Effect Of An Airport Expansion On Housing Pmentioning

confidence: 99%

Investigating the Impact of Airport Noise and Land Use Restrictions on House Prices: Evidence from Selected Regional Airports in Poland

Batóg

Foryś

Gaca³

et al. 2019

Sustainability

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In this paper, we investigate the influence of airport operation on property prices. In this research, we apply spatial hedonic regression and a difference-in-differences approach to address the introduction of new land use restrictions on property prices. We use data on housing transactions from two housing submarkets around regional airports in Poland. The results suggest that the introduction of land use restrictions impacts property prices. In general, as expected, more rigid restrictions translate into higher discounts in property prices. This research contributes to the limited knowledge on the impact of the introduction of land use restrictions on property prices, as most previous papers have focused solely on the impact of noise. These findings must be treated with caution, as some estimates were not statistically significant, mainly due to limited sample size. The research has important policy implications. Growing airports in Poland face tensions between economic and environmental sustainability. Currently, airports in Poland are obliged to limit their environmental impact by creating limited use areas related to the aircraft related noise while being responsible for property value loss related to these restrictions. As a consequence, most regional airports face significant compensations to property owners.

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Section: The Announcement Effect Of An Airport Expansion On Housing Pmentioning

confidence: 99%

Investigating the Impact of Airport Noise and Land Use Restrictions on House Prices: Evidence from Selected Regional Airports in Poland

Batóg

Foryś

Gaca³

et al. 2019

Sustainability

View full text Add to dashboard Cite

show abstract

“…In the process of attracting foreign capital through land supply regulation, the advantages of economically developed areas outweigh that of the underdeveloped areas in land price competition, because the former can provide more financial subsidies or lower land price for investment projects [7,44]. Consequently, it is not difficult to find that population, economic development, industrial agglomeration and administrative decisions all will be capitalized in sales prices [45].…”

Section: Impact Factorsmentioning

confidence: 99%

Spatio-Temporal Nonstationary Effects of Impact Factors on Industrial Land Price in Industrializing Cities of China

Yang

et al. 2020

Sustainability

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Industrialization has brought about great differences in industrial development and land use demand among different regions and cities, especially in rapidly industrializing countries with a vast territory. In those areas, implementing local-specific policies on industrial land price is of great significance to improve industrial land use efficiency and facilitate the sustainable development of regional economy. Based on the land pricing monition files of 105 industrializing cities, geographically weighted regression (GWR) was applied to detect the spatial variation of the industrial land price and its main impact factors (for example, tax, leased land, population, and location quotient index) in China in 2009, 2011 and 2014. The results show that the relationships were generally spatio-temporally nonstationary. More specifically, while the effect of tax on industrial land price was significantly positive and spatially stable all over China in 2009, the effect varied spatially in the two later studied years, weakened in North and East China and strengthened in South China. The effect of leased land on industrial land price was generally negative; it was very weak in 2009 and 2011 but became negatively strong in most studied cities in 2014, except for a few cities in Middle China. Population had a significant positive effect on industrial land price in the cities of East and Northeast China. For the three studied years, the location quotient index always had negative effect in Bohai Economic Rim and positive effect in Yangtze River Delta Economic Zone, and the negative effect strengthened with time. Meanwhile, the underlying reasons behind the relationships were further analyzed, showing that the spatio-temporal changes of industrial land price are closely correlated with the population mobility, industrial agglomeration, government intervention and economic situation.

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“…An increase in population with a fixed supply of land increases density and the price of land. Studies indicate that the relationship is "U" shaped, with the rate of increase of price declining and reaching a maximum before it starts to fall [13]. Using Polish data, they estimate the coefficient of density (measured as flood area ratio (FAR)) on the log of price to be around 0.55.…”

Section: Land Servicesmentioning

confidence: 99%

Accounting for Economic Factors in Socio-Hydrology: Optimization under Uncertainty and Climate Change

Abadie

Markandya

Neumann

2019

Water

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This paper reframes the socio-hydrology analysis as an optimization problem. To achieve this, we first develop a valuation scheme to estimate net benefits of development in a flood plain, consisting of benefits obtained from land and housing, less the costs of flood management and flood damage. Then we look for an optimal safety factor for the levee heightening strategy within the ‘Technosociety’ scenario for a given time series of future flood events. This is further extended to finding an optimal strategy in the case of uncertainty concerning flood timings and intensities. We suggest an approach for both stationary and non-stationary evolution of flood dynamics and examine how the levee heightening strategy is affected by the magnitude of climate change. We find that the preferred management option depends strongly on the value of the land services the area provides.

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Development density, administrative decisions, and land values: An empirical investigation

Cited by 24 publications

References 32 publications

Investigating the Impact of Airport Noise and Land Use Restrictions on House Prices: Evidence from Selected Regional Airports in Poland

Investigating the Impact of Airport Noise and Land Use Restrictions on House Prices: Evidence from Selected Regional Airports in Poland

Spatio-Temporal Nonstationary Effects of Impact Factors on Industrial Land Price in Industrializing Cities of China

Accounting for Economic Factors in Socio-Hydrology: Optimization under Uncertainty and Climate Change

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