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But it was denounced by executives of companies in the industrial area as a turning point that was increasing land prices and driving out businesses, just as they had witnessed on the West Side of Manhattan and along the Williamsburg waterfront in Brooklyn.
This extends another explanation for increasing land prices.
The contemporary urban condition with respect to housing production reveals rising tensions between the general housing expectations of local populations and the new realities rooted in liberalized housing markets and continuously increasing land prices.
However, plans were shelved due to lengthy negotiations and increasing land prices.
It was built during the late 1960s and 1970s as part of the Government of Western Australia's response to rapidly increasing land prices across the metropolitan area.
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Apparently, to a scheme that increases land prices should be associated a further benefit apart direct ones.
Road improvements and political stability have increased land prices, and land alienation in Ratanakiri has been a major problem.
The increased demand for development, and associated increase in land prices and property taxes has forced many rural landowners to subdivide or sell their property and led to adverse impacts on important ecosystem functions supported by rural landscapes.
The dummy variable (water security) indicated that farm land with access to irrigation water (canals and wells) increased the land price by nearly $11,310 per hectare.
It is argued that planning permission and approval for such public investment should be contingent on those who benefit from the spectacular increase in land prices donating an appropriate area of land for co-operative ownership and control.
The gravitation of population and industry to limited urban-purpose land gives rise to many urban problems such as housing and increase of land prices.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com