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3. Promote equal access to land |
|
Indicator 4: Land price-to-income ratio |
|
city level |
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|
1993 |
Land price |
|
|
|
|
|
Income |
|
|
|
|
|
Minimum price of 1 m2 |
Maximum price of 1 m2 |
Median price of 1m2 |
Median Household income per month |
Land price to income ratio |
|
Highly developed land |
$0,470 |
|
$0,940 |
|
$0,705 |
|
(US
$ 1993) |
|
0,00339 |
|
|
Developed land |
$0,264 |
|
$0,528 |
|
$0,396 |
|
$207,9 |
|
0,00190 |
|
|
Raw land |
$0,017 |
|
$0,034 |
|
$0,025 |
|
|
|
0,00012 |
|
|
|
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|
city level |
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|
1998 |
Land price |
|
|
|
|
|
Income |
|
|
|
|
|
Minimum price of 1 m2 |
Maximum price of 1 m2 |
Median price of 1m2 |
Median Household income per month |
Land price to income ratio |
|
Highly developed land |
$0,358 |
|
$0,716 |
|
$0,537 |
|
(US
$ 1998) |
|
0,00287 |
|
|
Developed land |
$0,176 |
|
$0,352 |
|
$0,264 |
|
$186,9 |
|
0,00141 |
|
|
Raw land |
$0,034 |
|
$0,068 |
|
$0,051 |
|
|
|
0,00027 |
|
|
|
|
|
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What
changes do these results suggest in terms of land affordability ? |
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There
is no direct relation between the affordability of housing and the |
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price
of the different kinds of land. |
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The
price of city property impacts the affordability of housing in
both ways - |
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positive
and negative. |
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