Spatial planning procedures and property prices: The role of expectations

Cotteleer, Geerte; Peerlings, J.H.M.

doi:10.1016/j.landurbplan.2010.11.010

Cited by 12 publications

(5 citation statements)

References 40 publications

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“…Households in the medium-density built-up areas are near suburbs and the main road, and households in low-density built-up areas live near the urban periphery. These results affirmed that the availability of social amenities is an indicator of economic growth [56], which triggers a continuous increase in all built-up patterns due to urban infrastructural development that is mostly intertwined with economic growth [57].…”

Section: Discussionsupporting

confidence: 59%

Evaluation of Economic Linkage between Urban Built-Up Areas in a Mid-Sized City of Uyo (Nigeria)

Samimi

2021

Land

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Urban growth has transformed many mid-sized cities into metropolitan areas. One of the effects of this growth is a change in urban growth patterns, which are directly linked with household income. Hence, this paper aims to assess the effect of different economic variables that trigger urban built-up patterns, using economic indicators such as city administrative taxes, a socio-economic survey of living standards, household income and satellite data. The regression model was used and adapted, and a case study is presented for the mid-sized city of Uyo in southeastern Nigeria. The result shows sparse built-up growth patterns with numerous adverse effects. Although, there is awareness of the impact of unregulated sparse built-up growth patterns in the literature, little attention has been given to this growth pattern in Africa. The results also show that increases in federal allocation (27%), investment tax (22%), direct tax (52%) and indirect tax (26%) have led to urban expansion into vegetative land and have a causal correlation with different built-up areas. Hence, medium and high-income earners migrate to suburban areas for bigger living space and a lack of basic social amenities affects the land value in suburban areas. They also assist in the provision of social amenities in the neighborhood.

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Section: Discussionsupporting

confidence: 59%

Evaluation of Economic Linkage between Urban Built-Up Areas in a Mid-Sized City of Uyo (Nigeria)

Samimi

2021

Land

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“…The effects of a new transportation development project have also been found to be reflected in housing prices even before its completion. Yiu and Wong (2005), Koster et al (2010) and Cotteleer and Peerlings (2011) demonstrate that prices may adjust before project completion and that rational public expectations may account for the price capitalization of the new highway while it is still under construction. The past literature raises several important issues.…”

Section: Literature Reviewmentioning

confidence: 99%

The effects of highway development on housing prices

Levkovich

Rouwendal

Marwijk³

2015

Transportation

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The purpose of this research is to estimate the effects of highway development projects on the price of housing. Transportation development projects, highways in particular, improve a certain area's accessibility but also increase its levels of exposure to traffic intensity and noise pollution. These externalities are evaluated by homeowners and residents and are reflected in the price of housing. In this paper, we use several repeat sales model specifications, including difference-in-differences estimators, and control for neighborhood effects to examine housing price trends in the municipalities around two newly developed highways in the Netherlands. The results of the research demonstrate that changes in accessibility result in a significant positive effect on the price of housing in nearby municipalities, but that increased noise pollution and traffic intensity levels result in a decrease in prices. The findings also confirm that combining the total effects of all externalities, the effect of highway development on the price of housing is generally positive, and this effect is salient even before the project is completed due to public anticipation effects.

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“…From the perspective of spatial econometrics, researchers attempted to put prices on the landscape to integrate findings of the geographical approach into their empirical models by applying GIS (Germino et al, 2001;Bastian et al, 2002;Paterson and Boyle, 2002;Bourassa et al, 2004). Here, the hedonic pricing method is widely used in various literatures in the field of urban housing pricing constitution and assess the benefits of various urban open spaces that buyers are willing to pay for (Zhou et al, 2006;Day et al, 2007;Jiao and Liu, 2010;Tang and Yiu, 2010;Waltert and Schläpfer, 2010;Cotteleer and Peerlings, 2011). Most empirical studies of lake water views also shows positive impact on property values (Luttik, 2000;Seiler et al, 2001).…”

Section: Introductionmentioning

confidence: 99%

A GIS-based spatial analysis of housing price and road density in proximity to urban lakes in Wuhan City, China

2015

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As one of the essential urban open spaces, lakes usually contribute immensely to the quality of residents′ daily lives. Different from hedonic approach employed in existing researches on urban open spaces in China, this paper integrates housing price surface with road density to analyze the spatial characteristics in proximity to urban lakes in Wuhan City, China. With the expansion of Wuhan City, urban lakes became polluted, they shrunk or even disappeared, leading to unfavorable conditions for sustainable development of the city. To better understand the spatial relationship between the city and lakes, we classify the urban lakes in Wuhan central area into ′lakes in the urban center′ and ′lakes in urban fringe′. Based on housing price surface we explore the spatial characteristics in proximity to different lakes and differences between the lakes. We also use Geographic Information System (GIS) tool to calculate road density as a supplementary indicator to reflect the accessibility in proximity to urban lakes. The results indicate that relative independence exists between different towns, and the spatial characteristics are different depending on scales and locations. In most of cases, the road density is lower where closer to the lakeshore while the housing price exhibits an opposite pattern. We conclude that city governments and urban planners should give more considerations to these spatial differences, somewhere should be better planned and protected as an important waterfront and somewhere the control of unreasonable real estate development nearby should be strengthened.

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Spatial planning procedures and property prices: The role of expectations

Cited by 12 publications

References 40 publications

Evaluation of Economic Linkage between Urban Built-Up Areas in a Mid-Sized City of Uyo (Nigeria)

Evaluation of Economic Linkage between Urban Built-Up Areas in a Mid-Sized City of Uyo (Nigeria)

The effects of highway development on housing prices

A GIS-based spatial analysis of housing price and road density in proximity to urban lakes in Wuhan City, China

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