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Between environmental protection and urban development: How changes in land use planning affect coastal land markets in Aquitaine, France

Jeanne Dachary-Bernard (), F. Gaschet, B. Hautdidier (), Marie Lemarié-Boutry and Guillaume Pouyanne
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Guillaume Pouyanne: GREThA - Groupe de Recherche en Economie Théorique et Appliquée - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique

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Abstract: This article proposes an analysis of actual land use planning policies on coastal Aquitaine, with a focus on the area of Bassin dArcachon. We first match zoning changes between 2001 and 2010 with land use changes. New development zones and a rise inprotection of "natural" uses are the main observed tendencies. Second, we link theses evolutions to land market dynamics. Time spent between buying and constructing suggests the existence of speculative behaviours. Moreover, we test whether changes in zoning produce externalities that are capitalized in land values. Our results show that potential urbanisation zones generate a price premium, but it is not the case for new "natural" zones.

Keywords: Coastal Areas; Land; Land Use; Land Values; Zoning Changes (search for similar items in EconPapers)
Date: 2018
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Published in Presses Universitaires du Mirail, 2018-January, A paraître, 12764930

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