2011 年 76 巻 665 号 p. 1267-1274
It is generally assumed that the land price in a redevelopment area would rise and one in its surroundings would go up with it. However, a large building in a redevelopment area may cause the neighboring land price to fall.
The aim of this study is to investigate this influence of redeveloping on the neighborhood by examining the population dynamics and comparing their annual land prices.
The results reveal that there is a clear effect that the redevelopment area decreases the land price in the neighborhood, although it has population growth and its land price up.