Monitoring Urban Markets: The Experience of Latin American Cities
(01/95, En, Es) See also Social Development
Systematic information about urban land and real estate transactions play a significant role in improving the operation of urban markets. Further, this information is a valuable input for public decision making concerning infrastructure investment, zoning and other land use planning decisions, and for scientific research on urban issues.
The availability of this information may be useful for the Bank in different ways. Changes in urban land prices can be used as indicators of the economic benefits of urban investments financed by the Bank, particularly in urban infrastructures. The availability of systematic historic data about land markets provides basic inputs for this analysis. Systematic data about new and used real estate of different characteristics and locations for residential use can be valuable inputs for urban economic studies based on the hedonic price methodology. The Bank often finances cadastral work in municipalities. Historic land market and real estate information are useful inputs for the fiscal valuation of properties.
The present Dissemination Note reports on the presentations made and discussions held in the Seminar organized by the Lincoln Institute of Land Policy of Cambridge, MA, on the Latin American experience in monitoring urban land markets. The Seminar gathered 10 representatives of private firms that, as part of their business, systematically gather data and sale information about urban real estate markets (see list).
Last updated: 05/08/07
