Factors affecting residential land prices A review of the literature

Abstract

Residential land prices are crucial for any country's economy and development. There is, therefore, the need to identify factors affecting the increase in the overall land prices as a first step toward accurately evaluating land assets. This research aims to find the factors affecting residential property prices worldwide by analysing 185 publications from 2000 to 2022. This research is conducted on secondary sources whereby reviews, data analysis was made from previous studies. These studies were published and found in journals, conferences, articles, and theses. The aim is to identify the twenty most common factors affecting residential land price increase. Although previous studies focused on residential land prices, there have yet to be a consensus on a comprehensive list of factors affecting residential property prices.