Next Article in Journal
Environmental Impact Associated with the Supply Chain and Production of Biodiesel from Jatropha curcas L. through Life Cycle Analysis
Next Article in Special Issue
Chemical Waste Management in the U.S. Semiconductor Industry
Previous Article in Journal
Spatio-Temporal River Contamination Measurements with Electrochemical Probes and Mobile Sensor Networks
Previous Article in Special Issue
Risk Management and Knowledge Management as Critical Success Factors of Sustainability Projects
Article Menu
Issue 5 (May) cover image

Export Article

Open AccessArticle
Sustainability 2018, 10(5), 1450; https://doi.org/10.3390/su10051450

Land Valuation Sustainable Model of Urban Planning Development: A Case Study in Badajoz, Spain

1
Environmental Resources Analysis Research Group (ARAM), University of Extremadura, 06006 Badajoz, Spain
2
VALORIZA—Research Centre for Endogenous Resource Valorization, 7300-110 Portalegre, Portugal
3
Polytechnic School, University of Extremadura, 10003 Caceres, Spain
4
Department of Landscape, Environment and Planning, School of Science and Technology, University of Évora, 7-671 Évora, Portugal
5
ICAAM—Institute for Agrarian and Environmental Sciences, University of Évora, 7-671 Évora, Portugal
*
Author to whom correspondence should be addressed.
Received: 26 March 2018 / Revised: 16 April 2018 / Accepted: 20 April 2018 / Published: 7 May 2018
(This article belongs to the Special Issue Sustainable Smart Cities and Smart Villages Research)
Full-Text   |   PDF [1990 KB, uploaded 7 May 2018]   |  

Abstract

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. View Full-Text
Keywords: free cash flow (FCF); land value; land uses; Sustainable Planning; Valuating Models free cash flow (FCF); land value; land uses; Sustainable Planning; Valuating Models
Figures

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
SciFeed
Printed Edition Available!
A printed edition of this Special Issue is available here.

Share & Cite This Article

MDPI and ACS Style

Codosero Rodas, J.M.; Naranjo Gómez, J.M.; Castanho, R.A.; Cabezas, J. Land Valuation Sustainable Model of Urban Planning Development: A Case Study in Badajoz, Spain. Sustainability 2018, 10, 1450.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Sustainability EISSN 2071-1050 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top