The Korea Local Administration Review

The purpose of this study is to know the relationship between the values ofland and environmental land use regulation. The region of this study is the cityof Hanam. It belonged to the water protected zones that is the strongestenvironmental land use regulation. This study uses non-equivalent controlgroup design and controlled the another factor related land use regulation. Thesix experimental situation was analyzed. The results shows that the waterprotected zones don't affect the values of land. The classification of land is thesignificant factor to affect land value except latest 5 years. Also, the interactioneffect of two factor shows that the water protected zones affect the land valuebetween 1993 and 2003. From 1998 to 2003, the increases of land price waslarge gap for land use regulation. It was explained the Paldang water-puritycontrol policy in 1998. and In the latest 5 years, the irrational and unusualraise rate of real estate decrease the gap. This study has some importance asa basic analysis for consensus in water system.