ABSTRACT
Plainly the measurement of the price effects of state action is exceedingly complex. There are two conventional methods used to gauge the impact that public policies can have on land prices. These are: ex-post measurements, where the effects of government action are assessed by direct fieldwork, taking readings before and after the event; and predictions of land-market impact relating to future government actions (Dowall 1991a:ii). The snapshot falls into the first category.
