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Land and Real Estate Markets
Lecture 1: Land and Real Estate Markets: Smart
Governance, Finance, and Business Models
College
1.1 Introduction
Four main topics:
1. Property rights and urban planning
2. Planning interventions: regulatory planning versus market-based
approaches
3. Dynamics of land and real estate markets
4. Land management strategies and value capturing
1.2 Land-based finance to Urban Climate Adaptation
Cities are widely unprepared to climate risks, because of?
Adaptation requires huge investments
Dutch cities are frontrunners in climate adaptation
Policies in climate adaptation
What is land based finance?
an option for governments to generate revenues from private land
(sharing profits trought public and private actions with land owners)
Why would we use land-based finance for urban climate
adaptation?
without regulations, land value profit will go to landowners and
developers, because:
Without any regulation Planning decisions on land use
(agriculture to commercial or residential) and public infrastructure
may lead to substantial increase in land value
Land and Real Estate Markets 1
, What is the alternative?
Alternative: regulations, some of the increment land value
captured by government can be invest in sustainable urban
developments, including urban climate adaptation.
Examples
Can public sector climate mitigation/adaptation projects
trigger land value increments? if so, what land capture
tools could be applied?
Yes ….
When air quality goes up, land value goes up (case study
in Zhengzhou city, China) → so invest in clean air.
What is the process of land value capture (LVC)?
What are the Costs and Benefits of climate change adaptation
options?
Land and Real Estate Markets 2
Land and Real Estate Markets
Lecture 1: Land and Real Estate Markets: Smart
Governance, Finance, and Business Models
College
1.1 Introduction
Four main topics:
1. Property rights and urban planning
2. Planning interventions: regulatory planning versus market-based
approaches
3. Dynamics of land and real estate markets
4. Land management strategies and value capturing
1.2 Land-based finance to Urban Climate Adaptation
Cities are widely unprepared to climate risks, because of?
Adaptation requires huge investments
Dutch cities are frontrunners in climate adaptation
Policies in climate adaptation
What is land based finance?
an option for governments to generate revenues from private land
(sharing profits trought public and private actions with land owners)
Why would we use land-based finance for urban climate
adaptation?
without regulations, land value profit will go to landowners and
developers, because:
Without any regulation Planning decisions on land use
(agriculture to commercial or residential) and public infrastructure
may lead to substantial increase in land value
Land and Real Estate Markets 1
, What is the alternative?
Alternative: regulations, some of the increment land value
captured by government can be invest in sustainable urban
developments, including urban climate adaptation.
Examples
Can public sector climate mitigation/adaptation projects
trigger land value increments? if so, what land capture
tools could be applied?
Yes ….
When air quality goes up, land value goes up (case study
in Zhengzhou city, China) → so invest in clean air.
What is the process of land value capture (LVC)?
What are the Costs and Benefits of climate change adaptation
options?
Land and Real Estate Markets 2
