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

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.

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Publication Details

Journal
Urban Science
Published
2026-02-10
DOI
https://doi.org/10.3390/urbansci10020108
Primary Topic
Urban Transport and Accessibility
Type
article
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article

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

Νικόλαος Καρανικόλας, Eleni Kyriakidou
Urban Science
Urban Transport and Accessibility
article

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

Νικόλαος Καρανικόλας, Eleni Kyriakidou
article en

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.

Urban ScienceVol. 10(2)
Aristotle University of Thessaloniki (GR)
Reduced inequalities
Openalex Percentile: Top 64%
Urban Transport and Accessibility
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Real Estate Trends and 15-Min Cities: A Scoping Review and Spatial–Economic Framework — Νικόλαος Καρανικόλας, Eleni Kyriakidou · Urban Science (2026) | TGRS Research Map | TGRS