scholarly journals Determining Land Values from Residential Rents

Land ◽  
2021 ◽  
Vol 10 (4) ◽  
pp. 336
Author(s):  
Roland Füss ◽  
Jan A. Koller ◽  
Alois Weigand

The value of land is determined by the locations’ attractiveness and the degree of direct land use regulation. When regulations are binding, e.g., when a restriction on the maximum floor area ratio exists, the land price can be directly expressed as a function of the maximum floor area ratio and local amenities. We show theoretically and empirically how this approach can be used to determine land values from rental prices of residential structures built upon that land. From our empirical results, we derive two main sources for a monocentric structure of land prices. First, the location attractiveness of centrally located dwellings makes land prices more expensive. Second, as the maximum floor area ratio is high in central areas, the regulation works as a multiplier for land prices and inflates prices accordingly. Our model gives insights into the determinants of urban land prices and provides a useful approach for land appraisal in regions where land transactions are scarce.

2007 ◽  
Author(s):  
Banggu Liao ◽  
Xuepei Han ◽  
Jianggang Xu

2019 ◽  
Vol 1 ◽  
pp. 1-2
Author(s):  
Masahiro Taima ◽  
Yasushi Asami ◽  
Kimihiro Hino

<p><strong>Abstract.</strong> Block restructuring has been strongly emphasized in Japan for renovating cities. However, little is known about the relation between block size and building shape. Moreover, the shape of buildings designed on a block after restructuring is unclear. Some estimation methods for urban physical status, such as building footprint location, floor area, and land use, have been developed in previous research. Taima et al. (2016) developed a model to estimate the building footprint area by using GIS. The future image of the building footprint on various blocks is visualized. Similarly, Asami and Ohtaki (2000) developed a model to estimate detached house location. Orford (2010) developed a methodology for estimating the floor area of individual properties from digital infrastructure data. Shiravi et al. (2015) assessed the utility of some models for estimating floor area using three data sources: a geographic vector building footprint layer, a LiDAR data set, and field survey data for the south side of the city of Fredericton, Canada. They discussed the reliability and accuracy of each model. In other research, Brunner et al. (2009) extended a methodology for building height estimation and tried to improve its accuracy. Schmidt et al. (2010) presented an approach to the estimation of building density on the block scale. Land use (Debnath and Amin, 2016; Jiang and Liu, 2012) and floor area (Orford, 2010) are popular topics and estimated in previous studies of the urban field, but estimation of building shape has seldom been a focus in the literature. Three-dimensional estimations of buildings cannot be found. If software to estimate building shape by block shape and other conditions was developed, it would be useful to determine urban planning, such as population estimation and landuse estimation. In this study, an estimation model is developed and applied to certain areas. In this study, the relation between block size and building shape is analyzed quantitatively, and a three-dimensional building shape is estimated by a model using an urban planning GIS data set of Tokyo (Figure 1 and 2). Results show the quantitative relation between block size and building shape, and the building shape image on the blocks. Higher buildings and buildings with a basement tend to be built in larger blocks, leading to efficient use of the maximum volume permitted in the block. In addition, the region composed by larger blocks can be spacious, because the range of building setback will be long in larger blocks. Designation of a high floor area ratio may induce integration and enlargement of blocks. Blocks are less likely to be partitioned in zones when a high floor area ratio is designated.</p>


10.1068/c0531 ◽  
2006 ◽  
Vol 24 (4) ◽  
pp. 515-532 ◽  
Author(s):  
Xiaolu Gao ◽  
Yasushi Asami ◽  
Wataru Katsumata

Land ◽  
2021 ◽  
Vol 10 (3) ◽  
pp. 261
Author(s):  
Yi Huang ◽  
Geoffrey Hewings

This paper focuses on the physical attributes of land that intrinsically limit land use and possibly affect land values. In particular, we investigate if the slope of a land does decrease its price and investigate the role of land slope in forming more reliable constant-quality land price indices and aggregate house price indices. We find that, while land slopes do decrease the land price per unit, they have a small effect on the quality-adjusted land price indices in selected neighborhoods in Auckland, New Zealand, where sloped terrain is common.


2013 ◽  
Vol 336-338 ◽  
pp. 1412-1415
Author(s):  
Cheng Wu Wang ◽  
Zhi Hao Mao ◽  
Jia Qi Lei

GIS technology has been applied in city planning management and virtual city. It still hasnt got more substantive achievements on aided design of regulatory plan. The notion of Modeling-Incubator has been advanced and integrated with GIS, which is the key resolution and method to 3D simulation of regulatory plan indexes, such as building coverage, floor area ratio, building interval etc. This resolution will be applied in regulatory plan assessment.


Sign in / Sign up

Export Citation Format

Share Document