DOI: 10.18503/1995-2732-2026-24-1-176-191
Abstract
The spatial variation in prices depends on the influence of various factors. In the existing literature, empirical studies on this topic differ significantly depending on the type of goods, the objectives of the research and its methodology, and the level of spatial hierarchy under consideration. In this paper, we analyze the studies devoted to the spatial variation of prices of the most common goods, their main determinants, the analytical methods used, and the presence or absence of a spatial component in price changes. Using a systematic approach and the PRISMA method, we have reviewed 278 articles and conducted a content analysis based on the Scopus database and the Tandfonline journal resource. The results have shown that the contemporary literature is dominated by studies related to variations in housing and land prices. The most significant factors influencing the difference in housing prices include architectural characteristics, location (geographical variables), social and economic factors, the presence of local amenities or disamenities, as well as the specifics of housing purchase transactions. The determinants of land price variation are closely related to the type of land plot: residential land prices depend on the accessibility of infrastructure and distance from various social facilities (such as education and healthcare). The most common spatial unit of analysis in land price studies is the country, while the urban scale analyses dominate in research on housing prices. The contribution of this study to the scientific literature is as follows. Firstly, the selected articles in terms of the different types of prices and the methods used to assess the influence of factors on the spatial variation of prices at different levels of space are analyzed. The results obtained may serve as a basis for researchers studying the spatial dynamics of prices. Secondly, it has been found that food prices represent the most promising area for studying seasonal and temporal aspects of spatial price variation.
Keywords
spatial price variation; spatial volatility; housing prices, land prices
The study was carried out with the financial support of the Russian Science Foundation grant No. 24-28-00774, https://rscf.ru/project/24-28-00774/
For citation
Krasnoselskaya D.Kh., Timiryanova V.M., Prudnikov V.B., Gaintseva E.S. Spatial Prices Variation in the Regional Context: a Systematic Review of Foreigh Literature. Vestnik Magnitogorskogo Gosudarstvennogo Tekhnicheskogo Universiteta im. G.I. Nosova [Vestnik of Nosov Magnitogorsk State Technical University]. 2026, vol. 24, no. 1, pp. 176-191. https://doi.org/10.18503/1995-2732-2026-24-1-176-191
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