Spatio-Temporal Changes and Dependencies of Land Prices: A Case Study of the City of Olomouc

Jaroslav Burian, Karel Macků, Jarmila Zimmermannová and Barbora Kočvarová
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Jaroslav Burian: Department of Geoinformatics, Palacký University in Olomouc, 17. listopadu 12, 779 00 Olomouc, Czech Republic
Karel Macků: Department of Geoinformatics, Palacký University in Olomouc, 17. listopadu 12, 779 00 Olomouc, Czech Republic
Jarmila Zimmermannová: Department of Economics, Moravian Business College Olomouc, tř. Kosmonautů 1288/1, 779 00 Olomouc, Czech Republic
Barbora Kočvarová: Department of Geoinformatics, Palacký University in Olomouc, 17. listopadu 12, 779 00 Olomouc, Czech Republic

Sustainability, 2018, vol. 10, issue 12, 1-19

Abstract: Land price sustainability issues have been addressed by many authors in the past. Most of these researchers used land prices (from land price maps) as the primary data source in their studies. Only a few papers analysed official land price maps, which are available very rarely. For this reason, we studied the spatial and temporal changes of land prices in the city of Olomouc based in an analysis of official land price maps from 1993 to 2017. We proposed several research hypotheses to confirm some general statements about land price changes. We concluded that some economic indicators had a significant impact on changes in land prices. In the residential and commercial areas and historical centre, land prices are significantly higher than in other monitored aspects (land-use types). We also concluded that no link existed between land-use stability and land price stability. Surprisingly, no long-term stable areas were found in the area of interest. The analysis also confirmed that land price and its change over time varied in different spatial aspects. Unexpectedly, the smallest influence was reflected in the economic aspect. Regarding natural events in recent decades, we observed a significant drop in land prices in the vicinity of watercourses threatened by flooding. These findings can assist in better understanding local development and changes in land price. The results of this study can help in gaining better understanding of economic, social, and environmental aspects of sustainability of land price changes.

Keywords: land price map; land-use development; geographic information system; spatio-temporal changes; sustainability; Olomouc (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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