City development is a result of many factors, of which land value is one of the major determinants. The past urban economics studies have shown that land value is largely determined by location factors such as distanc...City development is a result of many factors, of which land value is one of the major determinants. The past urban economics studies have shown that land value is largely determined by location factors such as distance from Central Business District （CBD） ignoring the non-location factors like time of purchase and neighbourhood infrastructures. Therefore, this paper attempts to establish the relative importance of location and non-location factors in the determination of residential land value by positing Onitsha, Nigeria as a case study. Eight hundred and fifty residential housing units were selected and questionnaire administered to the landlords through multi-stage sampling technique. The stepwise regression analysis results showed that non-location factors, especially, time of land purchase, contribute more to the variation in residential land values. The paper suggests the revision of the classical economic theories to represent the conditions of urban areas in developing countries .展开更多
The research attempts to find out how the location of the CBD(central business district), the dis- tance to the main roads, the distribution of the public facilities, and the urban land-use pattern influence the urban...The research attempts to find out how the location of the CBD(central business district), the dis- tance to the main roads, the distribution of the public facilities, and the urban land-use pattern influence the urban residential land value variations. The study begins by identifying the influences into two categories: general circumstance and micro/neighboring circumstances. Benchmark price and market land value are tested to be the results influenced by general circumstance and both the influential range and the influential force of individual land-use are investigated and compared. At last explicit case comparisons are also taken for testing the result. The finding of the research is not only useful for understanding the spatial patterns of land values, but also beneficial for the policy-makers concerning land administration and urban planning.展开更多
文摘City development is a result of many factors, of which land value is one of the major determinants. The past urban economics studies have shown that land value is largely determined by location factors such as distance from Central Business District （CBD） ignoring the non-location factors like time of purchase and neighbourhood infrastructures. Therefore, this paper attempts to establish the relative importance of location and non-location factors in the determination of residential land value by positing Onitsha, Nigeria as a case study. Eight hundred and fifty residential housing units were selected and questionnaire administered to the landlords through multi-stage sampling technique. The stepwise regression analysis results showed that non-location factors, especially, time of land purchase, contribute more to the variation in residential land values. The paper suggests the revision of the classical economic theories to represent the conditions of urban areas in developing countries .
文摘The research attempts to find out how the location of the CBD(central business district), the dis- tance to the main roads, the distribution of the public facilities, and the urban land-use pattern influence the urban residential land value variations. The study begins by identifying the influences into two categories: general circumstance and micro/neighboring circumstances. Benchmark price and market land value are tested to be the results influenced by general circumstance and both the influential range and the influential force of individual land-use are investigated and compared. At last explicit case comparisons are also taken for testing the result. The finding of the research is not only useful for understanding the spatial patterns of land values, but also beneficial for the policy-makers concerning land administration and urban planning.
