 Sustainable valuation of land for development. Adding value with urban planning progress. A Spanish case studyJosé Maria Codosero Rodas, Rui Alexandre Castanho, José Cabezas Fernández and José Manuel Naranjo Gómez Land Use Policy, 2020, vol. 92, issue C Abstract: This article presents a valuation model of land for development in a sustainable way, based on the design and execution of urban planning. Using this method, one can obtain, at any given point in time, the added value progress of the urbanization process. For each year during the plan’s execution, the value of land has been estimated. The free cash-flow method was applied in order to estimate the land valuation of any given year. From the estimate for each of those years, and using regression analysis, the most suited value added function was obtained, for the increase of value across time up to the point of finalized, fully urbanized land. The results show that this is an exponential growth function, such that during the initial years the progress of valuation is slow, but it accentuates during final years of execution as the land becomes urbanized, at which point the land achieves maximum value. Keywords: Discount free cash flow; Sustainable valuation model; Urban land use value; Urban planning development (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:lauspo:v:92:y:2020:i:c:s0264837719317375 DOI: 10.1016/j.landusepol.2019.104456 Access Statistics for this article Land Use Policy is currently edited by Jaap Zevenbergen More articles in Land Use Policy from Elsevier |
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