The new Dutch land development act as a tool for value capturing

    Research output: Chapter in Book/Conference proceedings/Edited volumeConference contributionScientificpeer-review

    Abstract

    In several European countries in recent years house prices have risen sharply. On the land market, this has lead to an increase of the plus value, the gap between the agricultural value of land and the value of land to be urbanised. Because of this increase, in several countries the possibilities to profit from this plus value have (again) become an issue for the government. Also in the Netherlands, the plus value has been debated as a result of the Memorandum of central government on Land Policy (Nota Grondbeleid), which has been published in 2001. However, the government decided on an approach in which capturing the plus value will not be followed. A new legal system, the so¿called Land development Act (Grondexploitatiewet), an amendment of the (new) Spatial Planning Act (Wet ruimtelijke ordening), will come into force in 2008. This Act will strengthen the position of the government in land development. As far as the plus value is concerned, the proposed Act chooses a strategy based on cost recovery: the government is able to force the developer to pay for certain costs and (public) facilities. In the paper, the main characteristics of this new Act are presented. The paper argues that, although the new system is formally based on the principle of cost recovery, the system also has some similarities with a system in which the central approach is based on capturing (part of) the plus value.
    Original languageUndefined/Unknown
    Title of host publicationENHR Sustainable Urban Areas
    EditorsP Boelhouwer, D Groetelaers, E Vogels
    Place of PublicationDelft
    PublisherENHR / Onderzoeksinstituut OTB
    Pages1-13
    Number of pages13
    Publication statusPublished - 2007
    EventENHR Intenational Conference 2007 - Delft
    Duration: 25 Jun 200728 Jun 2007

    Publication series

    Name
    PublisherENHR / Onderzoeksinstituut OTB

    Conference

    ConferenceENHR Intenational Conference 2007
    Period25/06/0728/06/07

    Keywords

    • Conf.proc. > 3 pag

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