Abstract
This paper deals with evaluation of the economic effect that townscape regulations give as the land value. Although the consciousness of townscape is enforced by the Landscape Law and the ordinance, the economic effects are not well appreciated. In order to evaluate the economic effects, this study focuses on the change of the land price where regulations of buildings have been adopted in many years in Japan, and analyzed them by the Hedonic Approach. Case studies are selected among the historic preservation district in Japan; City of Kanazawa, Kurashiki, and Hagi. The result is generally as a following: the presence of regulations for historic preservation districts has positive influence of the land price in residential and commercial zones of three cities.
