Determination of Urban Land Value: A Systematic Literature Review

Peng Zhou, Yue Gai and Chaowei Wang
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Yue Gai: Swansea University

No E2025/3, Cardiff Economics Working Papers from Cardiff University, Cardiff Business School, Economics Section

Abstract: We apply the Systematic Literature Review (SLR) approach to surveying empirical studies on urban land value. We show that research attention is directed by market size and data availability towards developed economies and residential land. Two distinct patterns of literature evolution emerge, which can be explained by methodological homogeneity adopted in the literature. Following these observations, we compare different types of methods and compile an extensive catalog of databases for land value research. Drawing from 644 factors in the empirical literature, we conduct a thematic analysis to establish a hierarchical understanding of how urban land value is determined.

Keywords: Land Value; Systematic Literature Review; Thematic Analysis (search for similar items in EconPapers)
JEL-codes: O18 R14 R31 R52 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2025-01
New Economics Papers: this item is included in nep-res and nep-ure
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