Land Valuation Sustainable Model of Urban Planning Development: A Case Study in Badajoz, Spain

Rodas, José María Codosero; Gómez, José Manuel Naranjo; Castanho, Rui Alexandre; Cabezas, José

doi:10.3390/su10051450

Cited by 22 publications

(21 citation statements)

References 49 publications

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“…José Maria Codosero Rodas, José Manuel Naranjo Gómez, Rui Alexandre Castanho and José Cabezas, in their paper titled "Land Valuation Sustainable Model of Urban Planning Development: A Case Study in Badajoz, Spain", explain that urban planning development process in urban territories has multiple consequences, not only in spatial structure but also in land valuation patterns [8]. The economic value of land encompassed in municipal planning, which is associated with a certain urbanized use, increases as the planning processes evolve over these lands.…”

Section: How To Address Challenges To Wellbeing and Quality Of Life Imentioning

confidence: 99%

It’s Not a Fad: Smart Cities and Smart Villages Research in European and Global Contexts

2018

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Abstract:Research on smart cities matures and new interdisciplinary approaches to the study of smart cities are proposed. At the same time, problems pertinent to communities inhabiting rural areas tend to be addressed, as if by the way, i.e., as a part of discussions in neighboring fields of research, be it environmental studies, sociology, or agriculture. Arguably, the concept of 'the village' has been largely absent in the academic debate, even if rural areas and countryside communities have been a subject of concern for robust policy frameworks, such as the European Union's Cohesion Policy and Common Agricultural Policy. As a result, when advances in sophisticated information and communication technology (ICT) led to the emergence of a rich body of research on smart cities, the application and usability of ICT in the context of a village remained underdiscussed in the literature. Through this Special Issue, and the Editors' earlier research on this topic, the Editors hope that the idea of the 'smart village' will be introduced into the debate. Against this backdrop, the objective of this opening review is three-fold: (i) to outline the conceptual boundaries of the term smart village, (ii) to highlight the thrust of the challenge inherent in smart villages research, and (iii) to shed light on the smart village research agenda as it unfolds. The relevance and validity of these claims are supported by references to research submitted to the Special Issue titled "Sustainable Smart Cities and Smart Villages Research".

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Section: How To Address Challenges To Wellbeing and Quality Of Life Imentioning

confidence: 99%

It’s Not a Fad: Smart Cities and Smart Villages Research in European and Global Contexts

2018

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“…In this study, four urban stages were considered: S1, the current stage of the selected land, corresponding to a limited area of developable land without an execution program; S2, the following stage, which considers the hypothesis of the land having an approved execution program; S3, the stage in which the hypothesis of the land being included in an actuation unit with approved reparceling is considered; and finally S4, corresponding to fully developed land on all its parcels. The overall estimated time horizon for the development of this methodology (from the urban state S1 to the final urbanized land S4) is 10 years [16].…”

Section: Fundamentsmentioning

confidence: 99%

“…Having identified the criteria combined with the explanatory variables, the risk factors that can influence the investment building global risk can be characterized [34] and a hypothesis of the different risk levels that the investment project can have can be made [15,16].…”

Section: First Phase: Risks Level Weightingmentioning

confidence: 99%

“…Thus, the following 8 variables were selected [16]: V1, the land location; V2, the global sector use; V3, the average subjective use; V4, the urban development state; V5, the necessary amount of investment; V6, access to financing by potential buyers; V7, financial leverage of the investment project (30%) [16]; and V8, interest type. The analysis of the variables that influence the investment building risk [25,47] reported a paired comparison matrix, in which its elements represent the importance of each variable compared to the rest-according to the scale defined in Table 3.…”

Section: First Phase: Risks Level Weightingmentioning

confidence: 99%

“…Thus, the evaluation of land is, in effect, equivalent to assessing the viability of an investment project. There is a link between sustainable urban development and land valuation [15,16], and, by association, to the risk premium for this valuation (Figure 1).…”

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confidence: 99%

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Risk Premium Assessment for the Sustainable Valuation of Urban Development Land: Evidence from Spain

et al. 2019

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One of the most important parameters in sustainable urban land valuation is the risk premium. Correct assessment of the risk premium is essential for sustainable valuation. Generally, it is estimated that traditional financial models or historic rates do not take into account the specific risk factors of an investment project. In this paper, we propose a sustainable model to obtain it. It is based on investment risk factors and the urban planning land development stages. We conducted a study in Badajoz, Spain, on four urban stages: first, land without an execution program; second, land with an execution program; third, land with reparceling; and fourth, fully developed and urbanized land. We calculated one different risk premium value for each urban stage. The results show that with this model, we can obtain the risk premium at any time during urban planning development. The urban stage is one of the most influential factors in the risk premium value. It decreases during urban planning development, and fully developed and urbanized land has a lower risk premium.

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Fuzzy logic method of valuation supporting sustainable development of the agricultural land market

Źróbek

Kovalyshyn

Renigier‐Biłozor

et al. 2020

Sustainable Development

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This article proposes the possibility of applying fuzzy logic theory to perform the tasks of determining the market value of agricultural lands. These tasks are of a multi-criteria character, as multiple factors are taken into consideration during the land value valuation process. The market value of agricultural land plots, calculated using fuzzy logic methods, can provide a basis for further use in the processes that are directly related to their turnover, that is, during auctioning, setting of a land tax, determining of the value of pawn in the land bank. Methodic approach to the determination of the market value of agricultural lands with the application of the methods of fuzzy logic and the package Fuzzy Logic Toolbox of the computing system Matlab is universal. It can be used for assessment of the value of a land plot with any number of indices, having no crisp mathematic model. The proposed method is particularly useful for countries where the agricultural real estate market is still in its early stages of development and will contribute to making it more transparent and thus it can be a significant tool supporting the sustainable development of the agricultural real estate market. Agricultural land market is a vital ingredient of the system for sustainable development of rural areas.

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Land Valuation Sustainable Model of Urban Planning Development: A Case Study in Badajoz, Spain

Cited by 22 publications

References 49 publications

It’s Not a Fad: Smart Cities and Smart Villages Research in European and Global Contexts

It’s Not a Fad: Smart Cities and Smart Villages Research in European and Global Contexts

Risk Premium Assessment for the Sustainable Valuation of Urban Development Land: Evidence from Spain

Fuzzy logic method of valuation supporting sustainable development of the agricultural land market

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