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Spatial Planning and Segmentation of the Land Market: The Case of the Netherlands

Author

Listed:
  • Or Levkovich
  • Jan Rouwendal
  • Lars Brugman

Abstract

Zoning restrictions often exclusively permit one or a few particular types of land use. If the tightness of restrictions differs between land uses, the result may be that the market for land splits into segments referring to particular uses, because the arbitrage mechanism between various land use types is turned off. We provide evidence of such a segmentation of the Dutch land market into three compartments: agricultural, commercial, and residential use. We analyze transactions of ready-to-be developed land and find that residential land is much more expensive than commercial land. We also find that agricultural land is much cheaper than residential and commercial land.

Suggested Citation

  • Or Levkovich & Jan Rouwendal & Lars Brugman, 2018. "Spatial Planning and Segmentation of the Land Market: The Case of the Netherlands," Land Economics, University of Wisconsin Press, vol. 94(1), pages 137-154.
    • Handle: RePEc:uwp:landec:v:94:y:2018:i:1:p:137-154
    Note: DOI: 10.3368/le.94.1.137
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    Citations

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    Cited by:

    1. Małgorzata Dudzińska & Barbara Prus & Radosław Cellmer & Stanisław Bacior & Katarzyna Kocur-Bera & Anna Klimach & Agnieszka Trystuła, 2020. "The Impact of Flood Risk on the Activity of the Residential Land Market in a Polish Cultural Heritage Town," Sustainability, MDPI, vol. 12(23), pages 1-18, December.
    2. Dietrich Earnhart & Sarah Jacobson & Yusuke Kuwayama & Richard T. Woodward, 2023. "Discretionary Exemptions from Environmental Regulation: Flexibility for Good or for Ill," Land Economics, University of Wisconsin Press, vol. 99(2), pages 203-221.
    3. Usman Hamza & Lizam Mohd & Adekunle Muhammad Usman, 2020. "Property Price Modelling, Market Segmentation and Submarket Classifications: A Review," Real Estate Management and Valuation, Sciendo, vol. 28(3), pages 24-35, September.
    4. Mateusz Tomal & Marco Helbich, 2022. "The private rental housing market before and during the COVID-19 pandemic: A submarket analysis in Cracow, Poland," Environment and Planning B, , vol. 49(6), pages 1646-1662, July.
    5. Sauveur Giannoni & Olivier Beaumais & Caroline Tafani, 2019. "Price gap between non-local and local buyers on the farmland market: a potential outcome approach," Working Papers hal-02400305, HAL.

    More about this item

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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