Some factors such as distance to road and to facilities are influential in price of land. Can anyone tell me what are environmental factors that can affect the price of land?
In Nepal, land of price facing west and facing east in the same place also different. Land facing east price is higher than facing west.
Condition of soil. Depending on the policy of the local and their expertise, soil that is easy for what most farmers are growing can be quite expensive. In contrast, soils that have potential uses that most local people are not aware of can be cheaper.
Geography is also another important factors. Depending on the potential crisises possible to happen such as flood or soil erosion, the nearer the land to the crisis site, the cheaper the land.
Local biodiversity can be a factor. Areas near potential nests of spiders, snakes or pesticides can be quite cheap as no one wants to get near it.
In my opinion, it is hard to make a concrete research on the value
In India North east facing plots are pricer than others, certainly in green area is going to fetch a good price as well. In Kuwait the only thing that matters is is it three side open, you got to get good price.
climatic conditions and seasonal variation may be the natural factors that determine the value of land. similarly the change in texture of soil, its accessibility and connectivity with the main land may be the another factor.
The location of land plays crucial role in land-price determination. For instance, the land near to city/basic facilities has high price than the land situated far away from these factors.
In many regions, especially arid areas or those prone to drought, water rights are a huge concern. In the US water right are tied into how much was originally used to irrigate the field and the rights are kept as long as the ditches etc. are irrigated.
Field geography can also effect the price. It is harder to manage uneven fields than even fields. Land features near the field such as national parks, bodies of water, forests etc, can serve as pest reservoirs or resources. Also depending on where you are, as mentioned by other respondents, the facing of the land relative to the sun is very important depending on the crop.
Soil is very interesting as well. Not only is fertility a concern, but you have a depth to topsoil. Soil also has a biotic health, weed problems, salinity, clay, rocks etc. etc. etc. pH can be especially difficult to amend.
I also wouldn't forget mineral rights in the area. If you get them, oil etc. can be great; but things like fracking next door will be a risk that reduce value.
Along with all the above mentioned points, the variables like 1) Productivity of Land, 2) Kind of taxation system and 3) land policy of the country or of the particular region/state, 4)availability of land, 5) utility of the buyers and their interest in particular spot 6) population of the state, which leads to 7) demand for land 8) standard of living of the people in the region etc also determines the price of the land. Further, it differs from place to place.
For a thorough review of factors, see "Progress and Poverty" by Henry George
The great 19th century economist Alfred Marshall wrote that land has site value and situation value.
1: if land is used for production, then paramount is the Return on Investment (ROI) which includes the value of production less costs such as transportation cost and labor.
2: if land is used for consumption as is the case with housing, then paramount is the utility (happiness) that the consumer receives from the land. For some a seaside view offers greater utility than a location nearby without the view. Likewise, transportation time to places of desired frequent access can diminish utility.
In both scenarios above, we normally assume an efficient market in which those making the production or consumption decision bid like in an eBay auction for the right to use the land.
The long answer is available in my 1987 book "Land Use and Urban Form" available now as a free PDF download at "Classics In Regional Science" http://rri.wvu.edu/wp-content/uploads/2012/12/Land-Use-and-Urban-Form.pdf which includes discussion of Henry George, taxation, income distribution, zoning, vintage and malleability of the built urban environment, single and multiple nodes, alternative transportation systems, ...
In India land rates in Polluting industrial cities are falling for residence. Commercial land rates are increasing even in polluting areas.
In Thailand I think there are many factors, The almost factors are relavant to the useful or exploitation of the land . Usually if these factors permit the use of the land is improved,it will result in higher land price as well. If the barrier is affecting land prices, on the other hand ,the land price is low.They are follows.
1. The scale or shpe of the land .If it has a small size, the price is good than the the big scale as pre unit. If they have the same size , but they are the different shape .they will be in the verious price
2.Improvingland.Such as the development land ,gardening , this is makes the land in a better condition than ever before,so the price land is increase.
3. Transportation Land with road access is currently more expensive than land without roads. The land on which the road would cost more than the land adjacent to the smaller roads or streets.
4.Infarstructur such as electricity, telephone or a bus pass. These properties are fully equipped. It costs less than the land is in a residential district of the wealthy. 5
5.Prime location, and popularity. The land is located in a great location. For example, in the commercial would cost more than the land outside the trade area.
6. Responsibility Land will inevitably have a responsibility to fight for the land, does not have such a heavy courting tenement leased for a period of time. Shall have no responsibility or below tenement responsibility for the land leased and frequented such servitude of usefully.
7. Making use of the land. Land can do very well over the price of land would not benefit as well. The fruit has the advantage that the result will be higher then started planting orchards.
8.Problem. evidence authenticates This means holding a document of ownership such as a deed Trahag Certificate (Nor Sor 3) and notification of land (August 1) the land leaves Aug. 1 statement is less than the land. Nor Sor 3 and Nor Sor 3 land, which would be below the land Trahag. The land is on the deed, the Atacama Trahag not differ much.Other factors that affect land values.
The main factors affecting the increase or decrease in the price of land. Land prices in our results may be influenced by factors battle with a minor. The finer the factors that affect the price of land is much diminished. On the various factors
Dear Colleagues,
Nowadays in Brazil the price of land is more influenced by the housing market than by its natural resources or its production potential, especially close to urban centers.
There are several factors that influence the price of land intended for agriculture. Some of them are:
1. Distance to market
2. Surrounding industries
3. Availability of water resources
4. Access to electricity
5. Topography of land
6. Labour market etc...
In India rate depends upon:
1. Connectivity approach applicable to housing as well as Industries
2. All kind of Market availability
3. Good facilities of hospital and other needs
4. Reputation of developer
4. Availability of labour.
5. Money available on buyers
Dear Mohammad ,
As natural factors I mention: topography, distance of flooding areas and proximity of green areas.
As urban factors: the presence of infrastructures, services and residential use of high income.
Best Regards,
Vanessa
In Uruguay, we use a productivity index (CONAET index) to express the productivity of rural land. This index relates the potential productive capacity of a certain plot of land with the type of soils that compose the plot. This index, created in the early 60’s is very popular among extension services and producers. It is easily understood by producers and it is very use to set the value of land. We estimated a hedonic model to identify and measure the factors affecting rural land prices and we found that productivity of land (measured by the CONEAT Index) is the primary factor. The other factors are “aptitude” of the land (dairy, agriculture, cattle production, forestry, etc.), the localization of the land (proximity to roads, towns, etc.), and infrastructure (if it has a house, a barn, etc.), among some other market conditions. Send you an article we published about this. it is in Spanish but it has an English abstract at least to have an idea of it. If you need more help let me know and i can explain better.
Article Incidencia del CONEAT y otros factores de calidad en el prec...
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