Lecture

Land Prices: Future Anticipation

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Description

This lecture revisits a model for land prices that incorporates future price expectations, demonstrating how to calculate current land prices based on anticipated future prices. It compares the impact of anticipating future prices versus growth rates on land prices, highlighting the importance of accurate future price predictions. The lecture also discusses the advantages and disadvantages of using a rate of value appreciation versus direct future price anticipation, emphasizing the robustness of calculating land prices based on future price expectations. It concludes by emphasizing the significance of accurately predicting future land prices for investors.

In MOOC

Soil and Real Estate Economics I

This course has been prepared by an economist attached to an architecture institute, who has over 20 years' experience of teaching the basics of economic analysis, particularly for real estate, to students who are not economists. The course will provide you with economic knowledge enabling you to understand many of the mechanisms of our market economies, such as competition, price formation, equilibria and disequilibria. It also provides a basic understanding of financial analysis. It is especially useful

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