Urban housing sciences
Online ISSN : 1884-6823
Print ISSN : 1341-8157
ISSN-L : 1341-8157
The impact of minimum lot area regulations on detached housing market in the Tama area within 25km from the center of Tokyo
Kazunori NAKAZATO
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2012 Volume 2012 Issue 79 Pages 158-167

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Abstract
Minimum lot area is one of the Group standards of the Building Standards Act. It has been established as a means to suppress the mini development by fragmentation of the land, and suppress the adverse impact (external diseconomy) on the living environment due to the building, such as sunlight and ventilation. In this paper, I focus on tightening of regulations of the minimum lot area. I analyzed by DID (Difference-In-Difference), to clarify the inhibitory-effect of external diseconomies due to household density as a policy objective. And then I analyzed by hedonic approach about the impact on land prices and detached housing market. As a result, I made it clear, that the impact of external diseconomy by household density can not be confirmed. Other hand, I made it clear, that land prices in regulatory region has fallen and market trading price of detached houses are distorted. It is thought that regulations interfere with the highest and best use of land.
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© 2012 Association of Urban Housing Sciences
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