Factors explaining urban land value variability: a case study in Atakum District, Samsun-Turkey

Abstract

The objective of this study was to determine the factors affecting urban land prices in Atakum district of Samsun province, Turkey. Agricultural lands in Atakum changed to urban lands especially within the last 20 years due to increasing population and public facilities such as; roads, tram line, schools, etc. Data used in this study were collected in questionnaires on 64 land parcels sold by real estate agents in 2017. The factors affecting urban land prices were determined with Hedonic Price Analysis. The significance of model parameters was tested, and the variability of land prices was verified for the hypothesized relationships between the significant parameters and the parcel price. The significant factors affecting urban land price were distance to coast, floor area ratio, parcel size, parcel shape, distance to tram station, post office and bus station.