Land valuation sustainable model of urban planning development: A case study in Badajoz, Spain

The urban planning development process in urban territories has multiple consequences, not only in spatial structure but also in land valuation patterns. The economic value of land encompassed in municipal planning-which is associated with a certain urbanized use-increases as the planning processes...

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Bibliographic Details
Authors: Codosero Rodas, José María, Naranjo Gómez, José Manuel, Castanho, Rui Alexandre, Cabezas Fernández, José
Format: article
Publication Date:2018
Country:España
Institution:Consejo General de la Arquitectura Técnica de España (CGATE)
Repository:RIARTE
OAI Identifier:oai:www.riarte.es:20.500.12251/1663
Online Access:http://hdl.handle.net/20.500.12251/1663
https://doi.org/10.3390/su10051450
Access Level:Open access
Keyword:Planeamiento - Urbanismo
Valor de mercado
Urbanismo
Suelo urbano consolidado
Planificación urbanística
Desarrollo sostenible
Desarrollo urbano
Flujos de caja
Sostenibilidad
3329.04 Uso del Suelo
6201.03 Urbanismo
5312.03 Construcción
Description
Summary:The urban planning development process in urban territories has multiple consequences, not only in spatial structure but also in land valuation patterns. The economic value of land encompassed in municipal planning-which is associated with a certain urbanized use-increases as the planning processes evolve over these lands. For economic land valuation to comply with the required parameters of urban and territorial sustainable development, it is pivotal that in the determination of land value there are no expectations of difficult or impossible realizations, in order to eliminate any speculative element from the valuation. The land valuation model presented in the current study complies with this premise, proposing a sustainable land valuation model based on the evolution of urban planning development, achieving maximum value when it is fully urbanized. The main objective of the present work is to analyze how land value increases as municipal planning develops and to suggest a sustainable valuation model for land with urban use. Contextually, through a case study analysis, the development of municipal planning has been divided over time into four urban states: (i) land without detailed planning; (ii) land with detailed planning; (iii) land with re-parceling; and (iv) urbanized land. In this regard, the gradual evolution of land value which has reached different states over time has been determined, as has scenarios where the value has increased up to the value of urbanized land. © 2018 by the author.