- COVID-19 and the Housing Markets
- Volume 24 Number 3
- Managing Editor: Mark D. Shroder
- Associate Editor: Michelle P. Matuga
Land Value Capture Across the Globe
Luis Quintanilla Tamez
Andres Fuentes Hutfilter
With Assistance by:
Lorena Figueiredo, Independent Consultant
Vu Tran, Independent Consultant
This article contains an excerpt from the Global Compendium of Land Value Capture Policies, a publication of the OECD and the Lincoln Institute of Land Policy, and it is reprinted with their permission.
Many countries use land value capture (LVC) policies to some degree, but the instruments, methods, and results differ greatly. The implementation of LVC depends on different historical traditions, the condition of land markets, institutional capacity and experience, and constitutional and legal frameworks. For example, the history of active land policy in the Netherlands is closely linked to considerable public land holdings and municipalities’ capacity for large-scale land management (van Oosten, Witte, and Hartmann, 2018). Latin America’s long tradition of utilizing infrastructure levies and developer obligations (contribución de valorización and contribución por mejoras) can be partly attributed to historical influences of Spanish law (Henao González, 2005). Land readjustment developed in Japan and Korea after World War II, a period of rapid urbanization marked by increased demand for serviced urban land (OECD, 2022).
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