Work

What European practices can offer for the sustain of Türkiye's land value capture instruments: Addressing potential implications with PEST analysis

Year: 2024

Type: article

Abstract: Ensuring the sustainability of cities and communities is closely linked to the sharing of the financial burden among stakeholders arising from development. Administrations undertake the process of Land Value Capture (LVC) to finance infrastructure investments and implement urbanization policies by recapturing a portion (or all) of the increase resulting from development. In this study, an analysis of PEST factors is used to evaluate implications for improving Türkiye's LVC instruments from the perspective of their counterparts in European countries. The results of the study suggests restructuring Türkiye's LVC instruments could ease the financial burden on local administrations and influence resident behavior.

Source: Sustainable Futures

DOI: 10.1016/j.sftr.2024.100393

Authors: Okan Yılmaz, Mehmet Alkan

Institution: Yıldız Technical University

Language: English

Topic: Urban Planning and Valuation

Subfield: Management, Monitoring, Policy and Law

Field: Environmental Science

Domain: Physical Sciences

SDGs: Sustainable cities and communities, Industry, innovation and infrastructure, Peace, justice, and strong institutions

Open Access status: gold

Estimated APC paid: $1,880