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New public transport investment can improve accessibility for existing and new users of the urban transport network and this can lead to land value uplift with uplift benefits being distributed in relation to the proximity of the location of the property to the infrastructure. This paper quantifies land value uplift and its spatial distribution for accessibility to different destinations for residential properties around a new-build Liverpool Parramatta transitway for buses in a suburban area of south-west Sydney, Australia. Geographically weighted regression (GWR) is used to take account of spatial dependency in the estimation process with the results being presented in map form. Results indicate that property prices are mainly determined by the property's internal features and the neighbourhood effects, but accessibility by car and accessibility to employment along the transitway also contribute nonmarginally. The GWR local model shows that accessibility varies significantly over geographical space demonstrating the advantages of this approach.

This study explores the impact of wind facilities on land values based on wind farm construction and land transaction datasets in China from 2005 to 2017. We implement a two-way fixed effects model to estimate the causal effects of the siting of wind farms on land prices. Our results show that the siting of wind farms significantly impacts land transaction prices. On average, land parcels located within 10 km of a wind farm enjoy a 4.78% price premium. However, land parcels located within 1 to 3 km of a wind farm experience depreciation, while lands located within 3 to 6 km of a wind turbine experience an increase on average. We further find that offshore wind farms are viewed more favorably by nearby residents compared to inland wind farms.

The question of land ownership is fundamental to any modern society and has been blamed as the root of numerous social inequalities. This paper explores one potential solution to the land question, Land Value Tax (LVT), which was first popularised in the 1880s by Henry George. Despite its long history, LVT has not been widely implemented, but recently proposals to replace existing property taxes with this form of taxation have re-emerged on the political scene. While the Welsh Government has recently explored the idea of introducing an LVT, there are limited studies on this form of taxation in the context of a discretionary planning system, such as the Welsh planning system. This paper conducts exploratory qualitative research using Wales as a case study. Data was collected via semi-structured interviews with experts across various related fields, primarily within taxation and planning, to establish the potential effects of LVT in practice, with a particular focus on how it might affect the equity of planning outcomes. Overall, the research showed that despite the strong theoretical potential, fundamental practical issues would diminish the ability of LVT to effectively influence planning. LVT is argued to be largely incompatible with a discretionary planning system (e.g., the Welsh planning system), and therefore, the research concluded that many of the potential benefits of LVT could be better achieved through reforms to existing taxes and planning processes, particularly land value capture mechanisms.

This study explores the potential of land value capture (LVC) as a financing mechanism for infrastructure development in Kenjeran, a coastal region of Surabaya, Indonesia. The development trajectory of Kenjeran gained momentum following the construction of the Suramadu Bridge, which catalyzed urban expansion and led to a substantial rise in property values. Subsequent major infrastructure investments, including the Suroboyo Bridge, beach revitalization projects, new cultural landmarks, enhanced transportation networks, and coastal conservation initiatives, have further reshaped Kenjeran into a dynamic hub of connectivity, tourism, and sustainable development. This research posits that LVC mechanisms offer a viable approach for mobilizing resources by leveraging the appreciation in land values driven by these infrastructural advancements. Employing a mixed-methods approach that integrates descriptive quantitative analysis, geographic information systems (GIS), empirical market assessments, and a comprehensive literature review, the study investigates recent land value trends in the Kenjeran area. Findings reveal that market-based land prices are up to three times higher than official government valuations, underscoring the untapped potential for implementing LVC instruments such as land value taxation, transfer of development rights, land readjustment schemes, and density bonus incentives to finance future coastal infrastructure investments.

Multi-faceted stresses of social, environmental, and economic nature are increasingly challenging the existence and sustainability of our societies. Cities in particular are disproportionately threatened by global issues such as climate change, urbanization, population growth, air pollution, etc. In addition, urban space is often too limited to effectively develop sustainable, nature-based solutions while accommodating growing populations. This research aims to provide new methodologies by proposing lightweight green bridges in inner-city areas as an effective land value capture mechanism. Geometry analysis was performed using geospatial and remote sensing data to provide geometrically feasible locations of green bridges. A multi-criteria decision analysis was applied to identify suitable locations for green bridges investigating Central European urban centers with a focus on German cities as representative examples. A cost-benefit analysis was performed to assess the economic feasibility using a case study. The results of the geometry analysis identified 3249 locations that were geometrically feasible to implement a green bridge in German cities. The sample locations from the geometry analysis were proved to be validated for their implementation potential. Multi-criteria decision analysis was used to select 287 sites that fall under the highest suitable class based on several criteria. The cost-benefit analysis of the case study showed that the market value of the property alone can easily outweigh the capital and maintenance costs of a green bridge, while the indirect (monetary) benefits of the green space continue to increase the overall value of the green bridge property including its neighborhood over time. Hence, we strongly recommend light green bridges as financially sustainable and nature-based solutions in cities worldwide.

This study presents an empirical model of the impacts of agricultural and urban returns on farmland value. The model allows the marginal impacts of parcel characteristics to vary nonlinearly over space with an endogenous smooth transition between urban fringe and rural areas. The estimation examines 10,317 parcel-level farmland transactions across the state of Illinois over the period January 2001–December 2009. The results suggest that marginal impacts of both agricultural and urban returns differ between urban fringe and rural areas.

This study assesses the impact of climate change on Italian agriculture using the Ricardian approach. Through a comparative analysis of farm-level data from 2008 to 2010 and 2018–2020, we evaluate the effects of temperature and precipitation on farmland values. Although national-level marginal effects appear visually stable across the two periods, statistical tests reveal significant differences for certain seasonal precipitation effects, confirming the temporal instability of Ricardian estimates. Seasonal and regional heterogeneity remain substantial, particularly for precipitation. Future climate projections suggest potential land value losses ranging from − 6 to − 39% by 2100, depending on emission scenarios. These findings highlight the need for regularly updated impact assessments and region-specific adaptation strategies. The results are consistent with the possibility that agricultural climate sensitivity evolves over time, potentially reflecting changing environmental, institutional, or behavioral conditions.

Agricultural land conversion (ALC) is an incentive-driven process. In this paper, we further investigate the inter-relationship between land economic value (LEV) and ALC. To achieve this goal, we calculated the LEV for agricultural and non-agricultural (housing) uses in two areas of East Java, Indonesia. The first area represents peri-urban agriculture, which is facing rapid urbanization and experiencing a high rate of ALC. The second area represents rural agriculture, with zero ALC. Furthermore, we identified factors affecting LEV in both areas for both uses. The results of this study show that agricultural land yielded a higher economic benefit in rural areas. Conversely, compared to agricultural land, housing in urban areas yields a value that is seven times higher. Moreover, agricultural land was shown to yield a higher profit after conversion. Ironically, a similar comparison does not exist in rural areas. Agricultural land yielded a value that was only 19% higher, indicating that agricultural land can easily be converted. This is also proven by the growing number of new urban cores in the periphery area. There are several factors affecting land economic value, such as agricultural use, soil fertility, accessibility, and cropping pattern, which are important variables. Meanwhile, the accessibility and location of peri-urban areas increase the land value for housing.

The urban planning development process in urban territories has multiple consequences, not only in spatial structure but also in land valuation patterns. 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. For economic land valuation to comply with the required parameters of urban and territorial sustainable development, it is pivotal that in the determination of land value there are no expectations of difficult or impossible realizations, in order to eliminate any speculative element from the valuation. The land valuation model presented in the current study complies with this premise, proposing a sustainable land valuation model based on the evolution of urban planning development, achieving maximum value when it is fully urbanized. The main objective of the present work is to analyze how land value increases as municipal planning develops and to suggest a sustainable valuation model for land with urban use. Contextually, through a case study analysis, the development of municipal planning has been divided over time into four urban states: (i) land without detailed planning; (ii) land with detailed planning; (iii) land with re-parceling; and (iv) urbanized land. In this regard, the gradual evolution of land value which has reached different states over time has been determined, as has scenarios where the value has increased up to the value of urbanized land.