Land Use Succession


Definition of "Land use succession"

Andrew  McAnally real estate agent
Andrew McAnally, Real Estate Agent Taylor Realty Associates

Changes occurring over time in the use of a neighborhood. Several factors contribute to land use succession. In a residential neighborhood, the aging of the residents and the growth and maturity of their children will eventually cause a turnover in the ownership of the housing. Residential neighborhoods bordering business district may eventually be overwhelmed by the expansion of the business district. Other contributing factors include the physical aging of the building structures leading to obsolescence and eventual abandonment.

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Comments for Land Use Succession


Alimi Rasheed Kolawole Alimi Rasheed Kolawole said:

What are the causes of land use succession?

Jan 16, 2019  18:49:48

 
Real Estate Agent

One of the main causes of land use changes is the lack of proper planning paired with an aging population. For example, in Oregon, the average age of farmers is 60. This means that less land will be used for agriculture in the future. Land can change to pastures or can be replaced by a new plant or industrial factory. Another cause for land use changes is the solar technology - fields (pastures and agricultural land) are covered with solar panels that generate electrical energy. This investment is more profitable than agriculture, so we shouldn't be surprised if this trend continues in the future. 

In densely populated areas, land use succession is due to changes in the local economy and demography. Old buildings are demolished in order to make room for new shopping centers and condominiums. Real estate investors usually play a great role in land use changes, since they anticipate what will happen in the future and try to build accordingly. 

Jan 17, 2019  03:28:07
 

 

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