Artículo de revista
Determinants of Urban Vacant Land Evidence from Santiago, Chile
Fecha
2010Registro en:
J Real Estate Finan Econ (2010) 40:188–202
DOI 10.1007/s11146-008-9123-5
Autor
Morandé Lavín, Felipe
Petermann, Alexandra
Vargas, Miguel
Institución
Resumen
It is a planners’ common argument that one of the main sources of
vacant land is developers’ speculation. Consequently, in order to reduce vacant
land, it is also a common policy to charge extra taxes to this kind of lots as a
way to force development. Using a rich data base from Santiago, Chile, this
paper investigates on the determinants of urban vacant land. We find that
amongst the most important elements driving unused sites in Santiago are
public regulations. Hence, practitioners must be aware about this issue before
implement a policy to reduce vacant land because it could have the opposite
result.