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The Impact of Factors on Residential Land Prices: A Case Study in Tu Son City, Vietnam Cover

The Impact of Factors on Residential Land Prices: A Case Study in Tu Son City, Vietnam

Open Access
|Jun 2023

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.

Language: English
Page range: 66 - 81
Submitted on: Oct 5, 2022
Accepted on: Dec 14, 2022
Published on: Jun 9, 2023
Published by: Real Estate Management and Valuation
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2023 Pham Phuong Nam, Nguyen Thi Hue, Phan Thi Thanh Huyen, published by Real Estate Management and Valuation
This work is licensed under the Creative Commons Attribution 4.0 License.