Determining Direct and Indirect Effects of the Factors Influencing Land Price by Path Analysis: A Case Study of Ladik District-Samsun

The aim of this study was to determine the direct and indirect effects of factors affecting land prices. The data of the study were collected through questionnaires in Ladik District of Samsun Province, Turkey in 2018. In the study, the factors that directly and indirectly affected the price of land were determined by using path analysis. While the factors that affected land price positively were yield and irrigation, the factors that affected land price negatively were stoniness, slope and distance from village and main road. The most important variable that affected land price directly was the distance from the main road (60%), the variable that most affected land price indirectly was stony soil (69%). The direct effect of yield on the land price was 44% and the indirect effect was 56%. The direct effect of irrigation was 38% and the indirect effect was 62%. The study also determined that 45% of the indirect effect of irrigation was due to increased productivity. Explaining the direct and indirect effects of the factors affecting the land price will make a significant contribution to scientific and objective land valuation studies. In addition, the results obtained can be used as an auxiliary element for land valuation methods