Land market procedures and market preferences in land use change: the case of Greater Cairo

Gamal, Y. (2022) Land market procedures and market preferences in land use change: the case of Greater Cairo. In: Iossifova, D., Gasparatos, A., Zavos, S., Gamal, Y. and Long, Y. (eds.) Urban Infrastructuring:Reconfigurations, Transformations and Sustainability in the Global South. Series: Sustainable development goals series. Springer: Singapore, pp. 81-98. ISBN 9789811683510 (doi: 10.1007/978-981-16-8352-7_6)

Abstract

Land use change includes a process of land exchange between buyers and sellers. The process is based on a set of market regulations. The legislations of setting prices and selecting buyers affect the perceived timeliness and fairness of the market process. A multitude of market processes can exist in the same context. This chapter questions whether these market processes can affect residential land choice and residential infrastructure. In economics, the effect of these market processes is embedded as monetary risk value within the cost of capital (i.e. land) and the bid value of land. Yet, this approach does not consider the psychological preferences of individual buyers in the form of monetary risk-taking and risk aversion tendencies. It also does not allow for isolating preferences towards market processes as risk entails multiple factors, including the timeliness and fairness of the market. I propose an observational approach to market preferences in isolation. I use the Self-Determination Theory (SDT) framework to observe buyer motivations in a market as an indicator of procedural preferences. I apply this approach to the case of Greater Cairo. Findings highlight that individuals tend to consider market preferences and that they consider making material (monetary) sacrifices to remain in their preferred market.

• Item Type: Book Sections
• Status: Published
• Glasgow Author(s) Enlighten ID: Gamalaldin, Dr Yahya
• Authors: Gamal, Y.
• College/School: College of Social Sciences > School of Social and Political Sciences > Urban Studies
• Publisher: Springer
• ISBN: 9789811683510