What are the Impact of urbanization on property value?

Urbanization typically leads to increased property values due to higher demand for housing and commercial spaces in growing cities. As infrastructure improves and amenities become more accessible, neighborhoods can attract more residents and businesses, driving prices up. However, rapid urbanization can also lead to a disparity in property values, with gentrification displacing lower-income residents. Additionally, factors like environmental concerns and overpopulation can negatively impact property values in some urban areas.