A Systematic Analysis of the Scientific Literature on the Relationships Between Urban Redevelopment Initiatives and Property Market Dynamics

The present research concerns the relevant and current issue of the urban regeneration. In particular, a systematic literature review on fifty contributions focused on the investigation of the relationships between the definition of urban redevelopment initiatives and the property market dynamics is carried out. The mentioned relationship is analyzed by taking into account both (i) the effects that the interventions on the territory determine on the real estate mechanisms, in terms of variation in the real estate values and dynamism of the supply and demand and (ii) the modalities in which the market trends (volume of transactions, prices, rents, average sales times, supply and demand) influence the urban transformation processes. The study is part of a wider research line and intends to provide an intermediate step of the analysis of the consistent relevant literature focused on the double perspective in which the link between the projects on the territories and the property market dynamics can be dealt with.