How has globalization affected land value?

Globalization has significantly impacted land value by facilitating foreign investment in distant real estate. This phenomenon occurs as barriers to trade and investment are reduced, making it easier for investors to seek opportunities in international markets. As individuals, corporations, and governments invest in real estate across borders, demand for property in various locations can increase, often leading to a rise in land values.

Furthermore, as areas become more attractive to foreign investors due to economic opportunities, improved infrastructure, or favorable regulations, this influx of capital can create competitive bidding situations, further driving up land prices. The global interconnectedness of markets contributes to land being viewed as a valuable asset not only locally but also on an international scale, which enhances its perceived value.

In contrast, the other options suggest either a decrease in land value, increased challenges for foreign investment, or no impact at all, which do not accurately reflect the dynamics of globalization's influence on land investment trends.