Methodology For Land And Housing Market Analysis by Gareth Jones, Peter M. Ward

By Gareth Jones, Peter M. Ward

The target of this e-book is to convey equipment of land-market and land-price research to the foreground. It relates great study findings for land and concrete improvement and blends those with a spotlight on examine layout and technique. Its findings have relevance past the subjects of housing and land: it broaches the full query of the way learn layout and normal strategy could lead to essentially diverse findings, various priorities, and varied coverage prescriptions and preoccupations. it really is according to paintings performed within the 3rd global, yet is usually correct to reviews of the industrialized international.

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3 million, or Rs54,000 per plot. 6 million, or Rsl9,000 per plot. In this case, plots are being sold at a 34 per cent discount to their market value. 1 Comparison of KDA allotment revenues and developed value of plots alloted by KDA in 1980 and 1985 in 1988 Rs, Karachi. Source: Dowall (1991b). The results of the Karachi LMA reveal the enormous impact of the public sector’s production and allocation of land to citizens at prices below market values. The difference in values creates an enormous incentive for speculation, and merely transfers the benefits of development gain from the public sector to private individuals.

For example, LMAS can be used to estimate the demand for residential plots and commercial and industrial space requirements associated with projections of population and employment. Armed with these estimates, the adequacy of the current supply of land for urban expansion can be gauged and plans for expanding the supply of serviced land developed. Many governments, when they create plans to guide future development, do not base them on a firm understanding of how their cities are growing. As a starting point, it is useful to assess the current performance of the local land market using a technique such as the LMA.

Here, the key considerations will be the extent of interest of private developers and the specific spatial location in which each has an active interest. The ability of those developers to work in concert is also likely to be crucial, and this would require sensitive and painstaking investigation into their social and business relations. Another crucial factor is likely to be the relative level of organization of the ejidatarios themselves, and whether they are likely to act in concert or individually; the support that they may receive from corporatist bodies such as the CCI, CNC, or from the agriculture and agrarian reform departments, etc.

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