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Determination of Urban Land Value: A Systematic Literature Review

Author

Listed:
  • Zhou, Peng

    (Cardiff Business School)

  • Gai, Yue

    (Swansea University)

  • Wang, Chaowei

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.

Suggested Citation

  • Zhou, Peng & Gai, Yue & Wang, Chaowei, 2025. "Determination of Urban Land Value: A Systematic Literature Review," Cardiff Economics Working Papers E2025/3, Cardiff University, Cardiff Business School, Economics Section.
    • Handle: RePEc:cdf:wpaper:2025/3
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    More about this item

    Keywords

    Land Value; Systematic Literature Review; Thematic Analysis;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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