Brief Session Description
The vast majority of properties in Amsterdam are built on land owned by the municipality. We analyze to which extent buyers take future land lease payments into account when buying a home. We show that this depends on the phase in the property market cycle, and the remaining time until the contract expires.
Presentation Category
Real Property Valuation Agricultural, Commercial/Industrial and Residential
Audience Expertise
Intermediate (Ideal for the participant with a general knowledge within the areas covered.)
Location
207-208
Start Date
9-9-2019 1:30 PM
End Date
9-9-2019 2:30 PM
Moderator Name
Paula Jastifer
Apendium Knowledge Area
Appraising Property
The Impact of Land Leases on Residential Sale Prices in Amsterdam
207-208
The vast majority of properties in Amsterdam are built on land owned by the municipality. We analyze to which extent buyers take future land lease payments into account when buying a home. We show that this depends on the phase in the property market cycle, and the remaining time until the contract expires.
