THE PRACTICE OF LAND PRICING ACROSS EUROPE

Boerkoel Fakton and Wim van der Post

ERES from European Real Estate Society (ERES)

Abstract: As primary good to develop, the price of land tends to be an important variable in the real estate market and is one of the main parameters of public private transactions. Despite this relevance, an explicit comparison of the differences in pricing land is somewhat scarce. Earlier studies have yet made clear that the institutional framework of land markets differs across countries (Van der Post, 2008). Nevertheless, the literature lacks the quantitative perspective to present the impact of these interventions in terms of land prices. This paper attempts to interpret and explain these differences between some prime countries and cities across Europe and will contribute to a better understanding of different land policy models. The paper first briefly looks at the theory about the persistence of structural differences in the organization of land markets in some major EU countries and cities. After discussing the observable similarities and variations of land pricing methods, the second section offers a comprehensive overview of the empirical data of the selected land markets. Finally the concluding remarks are presented. A few notes remain. First of all, unfortunately, in the field of land supply data problems are considerable. So given the relatively short period towards Milano, this paper is set up as a general start for a yearly held research about land prices and its explanations.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2010-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2010_266

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