Understanding value changes in the urban development process and the impact of municipal planning |
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| Institution: | 1. Department of Computer Science, North Carolina State University, Raleigh, NC 27695-8206, USA;2. DISI, University of Bologna V.le Risorgimento, 2, Bologna 40136, Italy;3. School of Computing, University of Kent Cantebury, CT2 7NF, UK;2. IoT Systems Research Lab, Intel Labs, Intel Corporation, Ireland;3. The University of Manchester, School of Electrical and Electronic Engineering, Manchester, United Kingdom |
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| Abstract: | An urban development process causes spatial changes and changes of associated property rights, and, as a consequence, the value of the property will change as well. This linkage between spatial changes, changes of associated property rights and property values represents an important element in understanding how property values change during the urban development process and the role of municipal planning as a value changing factor in the urban development process. The objective of this paper is to analyse how property values change throughout the urban development process, and further, to discuss the explanations for these changes by comprising the impact of municipal land-use planning. This paper presents a conceptual model showing how property values in urban development areas change during the urban development process and information about the extent to which value increases. The model is directed towards countries with a regulated land use, exemplified by Denmark. |
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| Keywords: | Urban development process Property value Municipal planning Detailed land-use planning Stair-step model |
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