Spatial Modeling of Vacant Land Prices: Case study of Medina.

Abstract:
Empty Land costs are significant components and arising research region for the city overseers, city organizers and financial specialists. Its significance originates from the way that they decide the terrains' worth, on which the urban communities' development and the dispersion of land utilizes depend on. The land cost contrasts in better places inside the city in light of area, availability, encompassed land utilizes and different attributes connected with the capacity of Venture and lease.

Subsequently, it could be vital to distinguish those land cost areas of interest occasionally, in lined up with the making of a computerized guide of empty land in Medina. Estimating the costs of empty land becomes convoluted as it is a variable peculiarity with changing time highlights. To take care of this issue, the review proposed the utilization of insertion strategy, as well as leading a problem area examination to distinguish the empty plots with rising costs and researching the reason for these increments for the better administration of the city's land saves.
Hot Spot Maps to introduced prices’ hot spots in terms of similar types of prices. In succession, the extrapolating of land prices for the rest of the city using the interpolation methodology was conducting, then checking the accuracy of the inferred data through the field study again and matching the results. IDW method matched more than 70% with the test sample prices.