Measuring the Degree of Land Use Restrictiveness in Largest Finnish Cities

Public Value Capture of Increasing Property Values across Europe

“…In Finland, plans can be drafted on municipality-owned land (see Section 1.3.2.1) or on land owned by other parties (see Sections 1.3.1.1-1.3.1.4), and the logic and tools of value capture differ in these two approaches. Based on a recently published report, most municipalities prefer drafting first local detailed plans on municipality-owned land (Falkenbach et al 2021). Drafting plans on land owned by other parties is, however, gaining significance, especially due to the increase in infill development and regeneration of already planned and implemented areas.…”

“…The contracting practice is, however, commonly based on the value appreciation caused by the plan and thus, in essence, used as a value capture tool. Based on a recently published report, most municipalities aim to capture 50% of the value appreciation through these contracts (Falkenbach et al 2021).…”