# **Table 5.3 – Land price regressions**

|||**All u**|**ses**|||**Residenti**|**al use only**||
|---|---|---|---|---|---|---|---|---|
||**Regressi**<br>**transacti**<br>|**on using**<br>**on price**<br>|**Regressi**<br>**current esti**<br>|**on using**<br>**mated price**<br>|**Regressi**<br>**transact**<br>|**on using**<br>**ion price**<br>|**Regres**<br>**current est**<br>|**sion using**<br>**imated price**<br>|
||**(1)**<br>|**(2)**<br>|**(3)**<br>|**(4)**<br>|**(5)**|**(6)**|**(7)**|**(8)**|
|**Dummy: agricultural use**|-0.422<sup>~~***~~</sup>|-0.400<sup>~~***~~</sup>|-0.476<sup>~~***~~</sup>|-0.458<sup>~~***~~</sup>|||||
||(0.101)|(0.101)|(0.096)|(0.095)|||||
|**Distance to city center (km)**|-0.069<sup>***</sup>|-0.068<sup>***</sup>|-0.068<sup>***</sup>|-0.101<sup>***</sup>|-0.072<sup>***</sup>|-0.055<sup>***</sup>|-0.068<sup>***</sup>|-0.105<sup>***</sup>|
||(0.004)|(0.007)|(0.004)|(0.012)<br>|(0.004)|(0.10)|(0.004)|(0.015)<br>|
|**Dummy: administrative document**|0.071|-0.052|-0.034|-1.054<sup>***</sup>|-0.038|0.213|-0.178**|-1.205<sup>***</sup>|
||(0.066)<br>|(0.199)<br>|(0.087)<br>|(0.304)|(0.079)<br>|(0.241)<br>|(0.094)|(0.338)|
|**Dummy: precarious title**|0.672<sup>***</sup>|1.458<sup>***</sup>|0.215<sup>**</sup>|-0.124|0.598<sup>***</sup>|1.840<sup>***</sup>|0.139|0.044|
||(0.085)<br>|(0.256)<br>|(0.093)<br>|(0.319)<br>|(0.098)<br>|(0.297)<br>|(0.101)<br>|(0.363)|
|**Dummy: property title**|1.912<sup>***</sup>|1.842<sup>***</sup>|1.346<sup>***</sup>|0.880<sup>**</sup>|1.727<sup>***</sup>|2.087<sup>***</sup>|1.295<sup>***</sup>|0.507|
||(0.127)|(0.331)|(0.121)|(0.351)<br>|(0.138)|(0.348)|(0.130)|(0.383)<br>|
|**Distance x administrative document**||0.006||0.045<sup>***</sup>||-0.011||0.049<sup>***</sup><br>|
|||(0.008)<br>||(0.013)||(0.011)<br>||(0.016)|
|**Distance x precarious title**||-0.044<sup>***</sup>||0.011||-0.070<sup>***</sup>||-0.003|
|||(0.012)||(0.013)||(0.015)||(0.018)<br>|
|**Distance x property title**||0.005||0.017||-0.017||0.038<sup>**</sup>|
|||(0.018)<br>||(0.016)<br>||(0.020)<br>||(0.020)<br>|
|**Surface (in log)**|-0.422<sup>***</sup>|-0.428<sup>***</sup>|-0.423<sup>***</sup>|-0.421<sup>***</sup>|-0.445<sup>***</sup>|-0.459<sup>***</sup>|-0.419<sup>***</sup>|-0.425<sup>***</sup>|
||(0.026)<br>|(0.025)<br>|(0.024)<br>|(0.024)<br>|(0.036)<br>|(0.035)<br>|(0.033)<br>|(0.032)<br>|
|**Dummy: South bank of the river**|0.793<sup>***</sup>|0.782<sup>***</sup>|0.742<sup>***</sup>|0.722<sup>***</sup>|0.794<sup>***</sup>|0.787<sup>***</sup>|0.823<sup>***</sup>|0.799<sup>***</sup>|
||(0.50)<br>|(0.050)<br>|(0.046)<br>|(0.046)<br>|(0.056)<br>|(0.057)<br>|(0.050)<br>|(0.051)<br>|
|**Distance to paved road (km)**|-0.077<sup>***</sup>|-0.077<sup>***</sup>|-0.086<sup>***</sup>|-0.084<sup>***</sup>|-0.074<sup>***</sup>|-0.075<sup>***</sup>|-0.078<sup>***</sup>|-0.077<sup>***</sup>|
||(0.005)|(0.005)|(0.005)|(0.004)|(0.006)|(0.006)|(0.005)|(0.005)|
|**Access to water**|<br>0.662<sup>***</sup>|<br>0.649<sup>***</sup>|<br>0.762<sup>***</sup>|<br>0.707<sup>***</sup>|<br>0.587<sup>***</sup>|<br>0.608<sup>***</sup>|<br>0.655***|<br>0.612<sup>***</sup>|
||(0.139)|(0.139)|(0.134)|(0.134)|(0.152)|(0.150)|(0.141)|(0.140)|
|**Access to electricity**|0.092|0.165|-0.050|-0.014|0.135|0.153|0.059|0.017|
||(0.310)|(0.308)|(0.303)|(0.300)|(0.362)|(0.361)|(0.338)|(0.335)|
|**Dummy: sold in 2010**|<br>0.210<sup>***</sup>|<br>0.199<sup>***</sup>|||<br>0.265<sup>***</sup>|<br>0.235<sup>***</sup>|||
||(0.062)|(0.062)|||(0.071)|(0.071)|||
|**Dummy: sold in 2011**|<br>0.282<sup>***</sup>|<br>0.282<sup>***</sup>|||<br>0.297<sup>***</sup>|<br>0.289<sup>***</sup>|||
||(0.063)|(0.062)|||(0.069)|(0.069)|||
|**Dummy: sold in 2012**|<br>0.295<sup>***</sup>|<br>0.290<sup>***</sup>|||<br>0.406<sup>***</sup>|<br>0.381<sup>***</sup>|||
||(0.103)|(0.103)|||(0.112)|(0.112)|||
|**_Obs._**<br>|1,239|1,239|1,289|1,289|991|991|1,016|1,016|
|**_R_**<sup>**_2_**</sup>|0.79|0.79|0.79|0.80|0.63|0.64|0.64|0.65|

_Notes: OLS regressions for pooled residential and agricultural plots, excluding 1% of highest and lowest prices. In (1), (2), (5) and (6) the tenure dummies are at transaction time. In (3), (4), (7) and (8) the tenure dummies are at the time of the survey. Constant not shown. *** denotes significance at the 1% level, ** at the 5% level, and * at the 10% level_ 32