Underground land values

Joan Pasqual, Pere Riera

Research output: Contribution to journalArticleResearchpeer-review

18 Citations (Scopus)

Abstract

Very often, underground land values appear to be a missing factor in land economics and planning, both at academic and practitioner level. In general, ignoring such a variable and potentially valuable resource may seriously delay any underground land policy to be undertaken. It can lead the public as well as the private sector to a short-sighted over-consumption of shallow subsurface space and under-consumption of deep underground space. Considering subsurface land values in economic studies of underground projects increases their reliability for the decision-making process. This paper shows a theoretical and empirical way to estimate underground land values, with applications. © 2004 Elsevier Ltd. All rights reserved.
Original languageEnglish
Pages (from-to)322-330
JournalLand Use Policy
Volume22
DOIs
Publication statusPublished - 1 Oct 2005

Keywords

  • Land appraisal
  • Land values
  • Subsurface land
  • Underground land

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