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Notes that the development appraisal seeks to establish thepotential use value of land as a golf course. Points out that achievingoptimum productivity may be seriously hampered by theconservatism of planning authorities reluctant to allowadded value in the form of other facilities, particularly any associatedhousing development and especially in metropolitan greenbelts. Concludesthat developers will recognise the need to initiate market researchedappraisalled schemes and planners will have to reconcile market forceswith environmental objectives.
Journal of Property Valuation and Investment – Emerald Publishing
Published: Mar 1, 1992
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