The Impact of Factors on Residential Land Prices: A Case Study in Tu Son City, Vietnam

Nam Pham Phuong (), Hue Nguyen Thi () and Huyen Phan Thi Thanh ()
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Nam Pham Phuong: Faculty of Resources and Environment, Vietnam National University of Agriculture (VNUA), ViệnSinhhọcNôngnghiệp, Đường Y, Gia Lâm, HàNội, Vietnam
Hue Nguyen Thi: Faculty of Land Administration, Hanoi University of Natural Resources and Environment (HUNRE), 41A Đ. PhúDiễn, PhúDiễn, BắcTừLiêm, HàNội, Vietnam
Huyen Phan Thi Thanh: Faculty of Resources and Environment, Vietnam National University of Agriculture (VNUA), ViệnSinhhọcNôngnghiệp, Đường Y, Gia Lâm, HàNội, Vietnam

Real Estate Management and Valuation, 2023, vol. 31, issue 2, 66-81

Abstract: The study aims to determine the influencing factors and their impact levels on residential land prices. The research investigated 241 officials, real estate investors, appraisers, and real estate brokers on factors affecting residential land prices. Research results have shown 13 groups with 45 factors affecting the price of residential land. The impact rates of the factor groups range from 1.43% to 23.65%. The COVID-19 pandemic factor group has the strongest impact on land prices, followed by other factor groups, including upgrading administrative units; formulation and implementation of the planning; the real estate market; financial – economics; credit; real estate brokerage; infrastructure; location of the land parcel; particular factors; juridical factors; environment and social security. To harmonize the interests of the State, investors, and land users when valuing land, it is necessary to pay attention to the factors that strongly impact land prices first, and then the smaller ones.

Keywords: affecting factors; residential land prices; Tu Son city; Vietnam (search for similar items in EconPapers)
JEL-codes: A10 C60 F61 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:remava:v:31:y:2023:i:2:p:66-81:n:4

DOI: 10.2478/remav-2023-0014

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