Research/Climate + housing/

Study 02

Landscape and Urban Planning, 266 · 2026

From Vulnerability to Adaptation: A Review of Global Evidence

Yihao Wu, Jinpeng Yang & Zhenhua Li

A systematic review and meta-analysis explaining when adaptation reduces the economic vulnerability of land and property—and when it does not.

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Storm clouds and heavy rain approaching a coastal neighborhood and flood-protection structure
Climate hazards become land-market shocks when physical exposure, risk perception, and local capacity converge.

The story

Climate risk is written into the value of land

Floods, hurricanes, wildfires, heatwaves, and other hazards do more than damage buildings. They alter how households understand risk, how insurers price exposure, and how markets value entire neighborhoods. These effects are uneven: the same event can become a temporary disruption in one place and a lasting economic setback in another.

Adaptation is intended to change that trajectory. Yet the term covers very different actions - from seawalls and restored wetlands to insurance, zoning, structural retrofits, and community programs. This review asks a practical question: across this wide policy landscape, when does adaptation protect land-based economic value, and when can it create new vulnerabilities?

Conceptual diagram comparing land-market resistance, recovery, and robustness with and without adaptation
An analytical framework for tracing socioeconomic performance before and after a climate event.

A dynamic view of resilience

Recovery is a path, not a single before-and-after result

The study treats resilience as an economic trajectory after a climate event. Adapted and unadapted places may experience similar initial shocks, yet diverge in the depth of loss, speed of recovery, and level at which values eventually stabilize.

That distinction matters because a policy can reduce immediate damage without restoring long-run value, or raise property values while shifting risk elsewhere. Measuring resistance, recovery, and robustness together makes those trade-offs visible.

Research design

Approach

  1. A PRISMA-guided systematic review of 108 original studies.
  2. Bibliometric synthesis of hazards, geographies, methods, and land-market outcomes.
  3. Random-effects meta-analysis of 44 quasi-experimental property-value estimates.
World map locating empirical studies of climate hazards and land-based economic outcomes
Geographic distribution of the reviewed empirical cases by hazard type.

Where the evidence comes from

A global question supported by an uneven map of cases

The review assembles empirical cases across multiple hazards and regions, but the map exposes a strong geographic imbalance. The United States dominates the literature, while Africa, Latin America, smaller island nations, and many rapidly urbanizing regions remain sparsely studied.

Those gaps limit how confidently current findings can travel. Institutions, land tenure, insurance systems, planning capacity, and informal development all shape how risk is capitalized. Expanding evidence beyond high-income housing markets is therefore part of the adaptation agenda itself.

How the evidence is distributed

Bibliometric analysis

Charts and an alluvial diagram summarizing the reviewed climate-adaptation literature
How the reviewed studies connect publication period, adaptation scope, economic outcome, hazard, and region.

The evidence landscape

Research is growing quickly, but remains concentrated

The systematic review includes 108 original studies. Nearly half were published after 2020, and the field has increasingly adopted panel data and quasi-experimental methods. Property and parcel values remain the dominant outcome, while flooding and wildfire receive the most attention.

For the quantitative synthesis, 44 treatment-effect estimates trace how adaptation changes property-value vulnerability. This focus provides a comparable economic signal, but it also reveals what is missing: commercial property, multifamily housing, informal settlements, cascading hazards, and longer neighborhood transitions.

Four-quadrant policy matrix comparing public and private hard-defense and soft-protection adaptation strategies
A policy matrix for coordinating adaptation tools while accounting for unintended consequences.

The policy lesson

No singlemeasure isresilience

Across the meta-analysis, adaptation reduces the property-value impact of climate hazards by 7.7 percentage points on average. But the average conceals opposing outcomes: some interventions transfer risk, encourage development in hazardous areas, create moral hazard, or distribute protection inequitably.

The policy matrix therefore pairs hard and soft protection with public and private investment. The central lesson is coordination. Physical defenses, regulation, insurance, information, and community capacity must work as a portfolio, with indirect effects and equity considered from the beginning.

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Next study in this moduleSponge city and housing value