"Land value capture and its effects on planning outcomes in Dutch municipalities"
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2024-12-21
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en
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The provision of proper and suitable housing stands in close connection with its surrounding public facilities. Land value capture is a frequently used tool for public bodies to recover (parts of) land value increases that arise from public action, such as a change of land use plans. Dutch municipalities often close anterior contracts with developers to fund public investments via so-called planning obligations. English evidence shows that these obligations may affect ultimate affordable housing realization as a planning outcome.
This study defines and extends planning outcomes in terms of affordability, building density and spatial quality. A regression analysis and multiple interviews are used to examine the effects of planning obligations on planning outcomes, moderated for market circumstances. The research indicates that not planning obligations, but rather land acquisition values are the strongest predictor of planning outcomes. The cases show that land acquisition prices often exceed the residual land value resulting from development plans set by the municipality. To overcome a development impasse, municipalities tend to allow more expensive housing programs with higher densities. This result confirms expectations from Dutch policy studies and can be helpful in the consideration of various policy alternatives on the Duch land and housing market.
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Faculteit der Managementwetenschappen