Land value capture as effective tool of land use management: analysis of the experience of European countries and perspectives in Ukraine

Abstract

The article is devoted to the global trend of active urbanism as an approach to the study of planning and creation of cities, which pays special attention to the interaction of society with the built environment. It has been established that urban growth increases the demand for public utilities and, as a result, for land plots with the appropriate infrastructure. In this regard, there is a need to find additional sources of financing for new infrastructure projects. One of the effective means is to capture the value of land. The author substantiates the need to use the tools of land value capture as one of the main aspects of urbanism. The author provides an interpretation of each of the instruments based on the theory of land value capture: infrastructure fee, developer's obligations, payment for the opportunity to build, land reorganization and strategic land management. The author examines the peculiarities of development and implementation of the aforementioned tools in terms of administrative, legal and financial regulation on the example of European countries. It is established that the national system of land management does not sufficiently facilitate the implementation of these tools, especially in the context of the prospects for political, legal, economic, social and cultural integration of Ukraine into the European space.