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Library Land value as a function of distance from the CBD: The case of the eastern suburbs of Pretoria

Land value as a function of distance from the CBD: The case of the eastern suburbs of Pretoria

Land value as a function of distance from the CBD: The case of the eastern suburbs of Pretoria

Resource information

Date of publication
April 2015
Resource Language
ISBN / Resource ID
DOAJ:7974eb59441842769827b5f9366b1dd5
Pages
9
License of the resource

The greater the benefit derived from using a piece of land for any particular purpose the higher the price the prospective user is willing to pay.  The demand for land is thus a reflection of the utility derived from its use by current or potential users.  The ability to compete for sites depends on whether they have the means to benefit from accessibility and complementarity within the urban framework. Conventional theory states that productivity determines urban rent, which is the highest at the place of maximum accessibility, i.e. the central business district (CBD). This paper review selected residential location theories and the factors influencing location decisions. Using selected eastern suburbs of Pretoria, the paper tries to determine whether residential land values decrease as distance from the CBD increase as theory suggests.Foreign aid and poverty reduction in sub-Saharan Africa: A cross-country investigation

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Authors and Publishers

Author(s), editor(s), contributor(s)

AC Jordaan
BE Drost
MA Makgata

Publisher(s)
Geographical focus