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Land-Use Controls, Natural Restrictions, and Urban Residential Land Prices

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Listed:
  • Krisandra Guidry

    (Nicholls State University)

  • Jams D. Shilling

    (University of Wisconsin-Madison)

  • C. F. Shirmans

    (University of Connecticut)

Abstract

Research has focused on how variations in land-use controls explain interurban variations in prices. With the notable exception of the work by Rose (1989a, 1989b), virtually no attention has been focused on how natural restrictions (bodies of water, mountains, etc.) impact land prices. The purpose of this paper is to examine the impact of both land-use controls and natural restrictions on interurban variation in residential land prices. Our results indicate that, as expected, land prices are significantly higher as the land supply decreases both as a result of natural and man-made restrictions.

Suggested Citation

  • Krisandra Guidry & Jams D. Shilling & C. F. Shirmans, 1999. "Land-Use Controls, Natural Restrictions, and Urban Residential Land Prices," The Review of Regional Studies, Southern Regional Science Association, vol. 29(2), pages 105-113, Fall.
    • Handle: RePEc:rre:publsh:v:29:y:1999:i:2:p:105-113
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    References listed on IDEAS

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    1. Rose, Louis A., 1989. "Topographical constraints and urban land supply indexes," Journal of Urban Economics, Elsevier, vol. 26(3), pages 335-347, November.
    2. Speyrer, Janet Furman, 1989. "The Effect of Land-Use Restrictions on Market Values of Single-Family Homes in Houston," The Journal of Real Estate Finance and Economics, Springer, vol. 2(2), pages 117-130, June.
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