Original Research

Land value as a function of distance from the CBD: The case of the eastern suburbs of Pretoria

AC Jordaan, BE Drost, MA Makgata
South African Journal of Economic and Management Sciences | Vol 7, No 3 | a1363 | DOI: https://doi.org/10.4102/sajems.v7i3.1363 | © 2004 AC Jordaan, BE Drost, MA Makgata | This work is licensed under CC Attribution 4.0
Submitted: 08 April 2004 | Published: 08 April 2004

About the author(s)

AC Jordaan, University of Pretoria
BE Drost, University of Pretoria
MA Makgata, University of Pretoria

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Abstract

The greater the benefit derived from using a piece of land for any particular purpose the higher the price the prospective user is willing to pay.  The demand for land is thus a reflection of the utility derived from its use by current or potential users.  The ability to compete for sites depends on whether they have the means to benefit from accessibility and complementarity within the urban framework. Conventional theory states that productivity determines urban rent, which is the highest at the place of maximum accessibility, i.e. the central business district (CBD). This paper review selected residential location theories and the factors influencing location decisions. Using selected eastern suburbs of Pretoria, the paper tries to determine whether residential land values decrease as distance from the CBD increase as theory suggests.Foreign aid and poverty reduction in sub-Saharan Africa: A cross-country investigation

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