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Impacts of Regulations on Undeveloped Land Prices

A Case Study of Bogota
Oscar Borrero Ochoa and Carlos Morales Schechinger, Outubro 1, 2007

Urban regulations in Latin America that create benefits to landowners as increased gains are usually welcomed, especially by those who own land where more benefits have been concentrated; for example, when zoning plants authorize development in one area but restrain it in another, or when building codes stimulate a type of housing but condone the provision of infrastructure. But urban regulations impose charges on development, such as the provision of truck roads, the dedication of land for environmental purposes, the inclusion of social housing, the readjustment of land with neighbors, or the payment of special charges, generate strong resistance.