Real Estate Trends and 15-Min Cities: A Scoping Review and Spatial–Economic Framework

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Authors: Νικόλαος Καρανικόλας, Eleni Kyriakidou
Cited by: 0
References: 90

Abstract

The 15-min city (15 MC) is an urban planning concept that organizes cities through proximity-based systems, enabling residents to access essential services within a 15-min walk or cycle. Although the health and environmental benefits of this model are well documented, its effects on the real estate market have received limited attention. This paper examines the impact of 15-min proximity-based urban planning models on land use patterns, property values, and sociospatial interactions in urban settings. It adopts a scoping review approach (structured mapping and synthesis of the available literature) and, using a transparent source selection process (PRISMA-ScR), compiles evidence on how functional accessibility, mixed uses, and proximity to green/public spaces affect prices and rents in residential and/or commercial real estate. The synthesis shows that proximity is often capitalized as a proximity premium, but it can exacerbate inequalities and displacement risks without accompanying regulatory mechanisms. Based on the findings, an operational spatial–economic framework is proposed that links (a) planning interventions, (b) functional accessibility, (c) behavioral adaptation, (d) market valuation reactions, and (e) governance/redistribution tools (e.g., land value capture, inclusionary zoning), as a diagnostic tool for assessing surplus value and displacement risk and as a basis for future GIS/hedonic testing.

Fields of Study & Subjects

Housing Market and Economics Urban Transport and Accessibility Urban Planning and Valuation

Publication details

Journal / source
Urban Science
Volume
10
Issue
2
Pages
108–108
Publication date
10 February 2026
Language
EN