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Residential land attractiveness in an emerging property market: The case of Krasnoyarsk, Russia

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Abstract

The paper discusses the indicators and techniques which can be used in residential land assessment during the transition from a planned to a market economy when a land market is being formed. An analysis of housing market transactions, sociological polls, and an expert study were independently used to grade spatial differences in the residential land attractiveness in the city of Krasnoyarsk in Russia. The research shows that expert evaluations do not truthfully represent the attractiveness of urban environmental qualities in the eyes of potential investors. It is also argued that under certain conditions, sociological polls of the urban population give a better approximation of the prospective residential land market value than administrative and expert assessments.

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Authors

Additional information

Boris A. Portnov is a researcher at the Center for Desert Architecture and Urban Planning at the Ben-Gurion University of the Negev, Sede-Boker Campus, 84990, Israel. He has his Ph.D. in the field of Urban and Regional Planning. In 1982–87 he was working in Ukraine as a town-planner and as the Head of Town-Building Department of the Ukraine State Project and Design Institute. From 1987 to 1995 he occupied different teaching positions at Krasnoyarsk Civil Engineering Institute of Russia (1987–1990-senior teacher; 1990–1995-professor of the Town-Building Department at the School of Architecture). he is a member of Russia's Architect Professional Union, and an author of two books and more than 70 articles. The field of his activity is urban-planning and rational use of urban lands.

Vladimir P. Maslovskiy is an economist, and an Associate Professor of the Department of Economics at the Krasnoyarsk Civil Engineering Institute of Russia. He has a Ph.D. in Applied Economics. He is an author of 30 articles. In 1994 he received a grant from the World Bank for three months studying in Washington D.C. in the framework of the Project-Manager Program.

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Portnov, B.A., Maslovskiy, V.P. Residential land attractiveness in an emerging property market: The case of Krasnoyarsk, Russia. Neth J of Housing and the Built Environment 11, 107–130 (1996). https://doi.org/10.1007/BF02496482

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