This booklet is a practical guide that the author—a long-term veteran of real estate appraisal practice—has repeatedly deliberated for approximately twenty years regarding land value determination factors and the relationship between the rent and land value. Accordingly, he has arrived at a certain systematic conclusions regarding how to interpret land values. This booklet is a must-read handbook for real estate researchers.

This book presents a new theory that is widely different from the traditional concept pertaining to land valuation. This theory could have a significant influence on the economics of land values in the future.

New Theory: Economics of Land Value:
An Attempt to Clarify Why the Relationship Between Rent and Land Value p0 = r/i Fails in the Real Market
Contents
 Chapter 1An Overview of Land Value
 Chapter 2Analysis of Land Value Determination Factors
 Chapter 3Land Value Determination in Real Land Markets
 Chapter 4Analysis of Relationship between Rent and Land Value of Residential Land
 Chapter 5Analysis of Relationship between Rent and Land Value of Agricultural Land

About the Author:

Issei Yamamoto

Born in 1954 in Sukumo City, Kochi Prefecture, Japan

Present, CEO of Kochi Real Estate Appraisal Office, a limited liability company; a real estate appraiser

Books published in Japanese include the following: Theory and Practice of Public Land Evaluation (Shinnippon-Hoki Publishing Co., Ltd., November 2000), Theory and Practice of Residential Land Evaluation for Fixed Tax Purposes (vols. 1 & 2) (Kochi Real Estate Appraisal Office, a limited liability company, May 2006), Practices of Land Evaluation of Public Land Acquisition (vol. 1 & 2) (Kochi Shimbun Kigyo Publishing, December 2007), Value Determination Theory and Evaluation of Modern Agricultural Lands (Jutaku-Shimpo-Sha, Inc., December 2008), Case Studies in Residential Land Evaluation for Fixed Tax Purposes: Q&A for Business People (Yuichiro Abe & Kazukiyo Yamamoto, authors and ed., Gyosei, December 2010), Practices of Land Evaluation of Public Land Acquisition: Q&A (Yuichiro Abe & Kazukiyo Yamamoto, authors and ed., Gyosei, April 2012), Fixed Asset Tax Details of ‘Land Evaluation with Possibility of Illegality’ (Yuichiro Abe & Kazukiyo Yamamoto, authors and ed., Gyosei, January 2014), and many other theses, articles, etc.