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Global Compendium of Land Value Capture Policies

image of Global Compendium of Land Value Capture Policies

The Global Compendium of Land Value Capture, a joint project by the OECD and the Lincoln Institute of Land Policy, is an ambitious undertaking to understand the full landscape of land value capture (LVC) instruments, how they are configured and deployed across the globe in OECD countries and non-OECD economies, and what it would take to unleash their full potential as a sustainable revenue source. Moreover, little systematic information is available about the LVC instruments that countries use and enabling frameworks at national and regional levels to guide local governments toward greater use. The report features an overview of the political contexts, legal frameworks, and LVC approaches used in 60 countries. Special attention is given to the differences and similarities between countries that have a mature LVC practice, versus countries that have nascent policies and allowances. This will help countries developing the capacity and competences for LVC to understand the opportunities, trade-offs, and pitfalls to avoid when configuring legal, governance, and planning frameworks and institutions to support the implementation of LVC policies.

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Lithuania

Land readjustment is the only frequently used instrument in Lithuania (). Most of the legislation was adopted more than 20 years ago, is general and does not regulate land value capture instruments in detail. Moreover, landowners and developers resist the instruments. However, there would be favourable conditions to use more land value capture:

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