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Urban Land Valuation

Urban Land Valuation
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Language

Python

Tool Type

Plugin

License

AM331-A3

Version

1.0.0

About the tool Responsible

Inter-American Development Bank

Urban Land Valuation
What is it?

Urban Land Valuation is a model developed to predict the appreciation of land near public works using market prices. Based on pre- and post-construction data, the model identifies “difference maps” that show changes in land value based on the distance of properties from the construction site. This tool allows municipalities to carry out assessments and predict the impact of similar works on surrounding properties, thus improving urban planning and resource management.

What problems does it solve?

Urban Land Valuation addresses the need to anticipate the economic impact of public works on urban land values, providing a tool to effectively estimate and plan property valuations, crucial for urban development and taxation.

How does the tool work?

Parcel Assessment: Urban Land Valuation allows users to assess individual land parcels, considering factors such as location, size, and infrastructure availability. Valuation Models: The tool incorporates valuation models to estimate the market value of land based on various criteria, helping users make informed pricing decisions. Land-Use Planning: Users can explore different land-use scenarios and their impact on urban development. Data Integration: The tool supports the integration of geospatial and property data to enhance accuracy in land valuation.

Open standards

Compatible with geospatial and property data, this tool enables evaluation of urban parcels based on location, size, and infrastructure. It incorporates valuation models to estimate market prices under multiple criteria. Supports exploration of land-use scenarios and their urban impact, following open standards for territorial analysis.

Sector
Urban Development and Housing
Functionality
Data collection analysis and visualization
Sustainable development goals
Sustainable cities and economies
Toolkits
Topic - Municipalities
IDB Tools
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