| Abstract: | ABSTRACT: Residential properties nearby a park-lake system were studied, through time-series, to detect possible changes in the land market during the period between announcement and completion of the impounding reservoir, 1962 to 1973. The time series identifies a period of increases in the values of properties which is concomitant with the announcement of the park-lake. This is followed by a second period characterized by lower prices, which ends in 1970, as construction activities take place. During construction, from 1970 to 1973, property values were found to increase rapidly. |
