THE MARKET VALUE OF REMNANT NATIVE VEGETATION IN A CLEARANCE REGULATED ENVIRONMENT

Wayne Marano

ERES from European Real Estate Society (ERES)

Abstract: In the context of privately owned rural establishments there is generally a lack of knowledge on the contribution that is made to the market value of a property by its component of remnant native vegetation (RNV). Furthermore, there is a lack of knowledge on the impact to market value that may result from the protection of remnant native vegetation by the registration of a heritage agreement over a propertyís certificate of title. This gap in knowledge has the potential for unexpected policy outcomes in relation to RNV management. In relation to these two issues the research focused on transactions of non irrigated rural holdings1 in South Australia that have a component of RNV.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2000-06-01
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2000_078

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