An Analysis of the Influence of Planning Conditions on Property Value

This study investigates the influence of basic planning conditions applicable to land zoned for residential development (single-family detached homes and multiple occupancy homes), set forth in zoning plans, on the value of property. The influence of the following factors was evaluated: the availability of zoning decisions, width of the front elevation, development density, maximum developed area and potential developed area (determined by the setback line).The study was conducted in two counties based on the prices of traded property in 2011-2015. The applied research methods involved analyses of the literature and source data, comparative analyses (including statistical analyses) and inference.The results of the study indicate that each of the analyzed factors influences property value. Development density was the most influential factor, whereas the availability of planning decisions was the least influential factor.