Abstract

The study aims to determine the influencing factors and their impact levels on residential land prices. The research investigated 241 officials, real estate investors, appraisers, and real estate brokers on factors affecting residential land prices. Research results have shown 13 groups with 45 factors affecting the price of residential land. The impact rates of the factor groups range from 1.43% to 23.65%. The COVID-19 pandemic factor group has the strongest impact on land prices, followed by other factor groups, including upgrading administrative units; formulation and implementation of the planning; the real estate market; financial – economics; credit; real estate brokerage; infrastructure; location of the land parcel; particular factors; juridical factors; environment and social security. To harmonize the interests of the State, investors, and land users when valuing land, it is necessary to pay attention to the factors that strongly impact land prices first, and then the smaller ones.

Details

Title
The Impact of Factors on Residential Land Prices: A Case Study in Tu Son City, Vietnam
Author
Pham, Phuong Nam 1   VIAFID ORCID Logo  ; Nguyen Thi Hue 2 ; Phan Thi Thanh Huyen 1 

1  Faculty of Resources and Environment, Vietnam National University of Agriculture (VNUA), ViệnSinhhọcNôngnghiệp, Đường Y, Gia Lâm, HàNội, Vietnam 
2  Faculty of Land Administration, Hanoi University of Natural Resources and Environment (HUNRE), 41A Đ. PhúDiễn, PhúDiễn, BắcTừLiêm, HàNội, Vietnam 
Pages
66-81
Publication year
2023
Publication date
2023
Publisher
De Gruyter Poland
ISSN
17332478
e-ISSN
23005289
Source type
Scholarly Journal
Language of publication
English
DOI
https://doi.org/10.2478/remav-2023-0014
ProQuest document ID
3158151315
Copyright
© 2023. This work is published under http://creativecommons.org/licenses/by/4.0 (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.