Land Markets in Europe: Institutions and Market Outcomes

Pavel Ciaian, d'Artis Kancs and Dusan Drabik ()

EERI Research Paper Series from Economics and Econometrics Research Institute (EERI), Brussels

Abstract: In this chapter, we review land market institutions in the European Union (EU) and their potential impact on land markets. We first review land tenure-/ownership regulations and find that they vary heavily across EU Member States. Four types of tenure-/ownership measures are implemented in the EU: to protect the tenant, to protect the owner, to protect the (non-farm) land owner, and to prevent land fragmentation. We then examine EU land-related environmental regulations whose general objective is to address land market failures linked to externalities and the provision of public goods. Despite possibly reducing private benefits of land owners or users, environmental regulations may generate welfare gains to society by improving the environmental services on land. Finally, we investigate how area-based subsidies affect land prices. These subsidies are empirically found to be partially capitalized into land values, albeit at a lower rate than suggested by theory.

Keywords: Land markets; institutions; tenure; ownership; externalities; public goods. (search for similar items in EconPapers)
JEL-codes: H22 L11 P32 Q11 Q12 Q15 Q18 R12 (search for similar items in EconPapers)
Date: 2016-01-10
New Economics Papers: this item is included in nep-agr, nep-cse and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.eeri.eu/documents/wp/EERI_RP_2016_10.pdf (application/pdf)

Related works:
Working Paper: Market Impacts of New Land Market Regulations in Eastern EU Member States (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eei:rpaper:eeri_rp_2016_10

Access Statistics for this paper

More papers in EERI Research Paper Series from Economics and Econometrics Research Institute (EERI), Brussels Contact information at EDIRC.
Bibliographic data for series maintained by Julia van Hove ().