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The Urban Green Economy: A Scientific Analysis of the Mechanisms through Which Green Infrastructure Influences Property Values
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Abstract: (8 Views) |
The rapid growth of urbanization and the pressures arising from compact urban development have increasingly drawn the attention of policymakers and researchers to the role of green infrastructure as one of the most effective strategies for enhancing environmental quality, urban health, and economic resilience. One of the key outcomes of such interventions is the change induced in property values—a topic that, over the past decade, has become a major focus within urban economics research. This study, titled “The Urban Green Economy,” aims to scientifically examine the effects of urban green infrastructure on property values through a systematic review and comprehensive bibliometric analysis of global and regional literature. Data were collected and screened from Scopus, Web of Science, PubMed, and domestic sources. Bibliometric tools such as VOSviewer and CiteSpace were then employed to map the structure of existing knowledge, identify research trends, delineate thematic clusters, and analyze co-authorship networks. The findings reveal that the creation and enhancement of green infrastructure elements—such as parks, open spaces, pedestrian-oriented green networks, green belts, and streetscape greening—are significantly associated with increased property values in most of the cities studied. However, the magnitude of this effect varies depending on design quality, spatial location, accessibility, and the socio-economic conditions of neighborhoods. Cluster analyses further indicate that research in this field is concentrated around three main themes: environmental economics and valuation, spatial justice and accessibility, and green planning in high-density urban contexts. Existing gaps include a shortage of localized studies in Middle Eastern megacities, limited assessment of long-term impacts, and insufficient attention to issues of social equity in green-induced price dynamics. Overall, the study concludes that green infrastructure is not only an environmental asset but also an economic driver shaping urban property markets. Therefore, it is essential that urban policy frameworks integrate this dimension and recognize green infrastructure as a critical linkage between environmental quality and urban economic development.
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| Keywords: Property value, urban green infrastructure, green economy, urban green spaces, ecosystem services, property valuation |
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Type of Study: Applicable |
Subject:
Special
Accepted: 2026/03/9 | Published: 2026/03/9
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