Is the Real Estate Market of New Housing Stock Influenced by Urban Vibrancy?
Joint Authors
Barreca, Alice
Curto, Rocco
Rolando, Diana
Source
Issue
Vol. 2020, Issue 2020 (31 Dec. 2020), pp.1-22, 22 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2020-10-22
Country of Publication
Egypt
No. of Pages
22
Main Subjects
Abstract EN
The attractiveness and vibrancy of an urban area are very complex aspects that both Public Administrations and real estate developers and construction companies have to carefully consider in order to correctly address their investments and sustainable urban development projects.
The aim of this paper is to study urban vibrancy and its relationship with the neighbourhood services and the real estate market of new housing stock.
Spatial analyses are performed to study the influence of the Neighbourhood Services Index (NeSI) and its Principal Components (PCs) on listing prices and the construction activity.
Spatial autoregressive (SAR) models are applied both with lattice data and data points, in order to manage spatial dependence and to identify the variables that significantly influence housing prices and construction site density.
Findings highlight that the NeSI significantly influences the real estate market of new housing stock and that above the analysed neighbourhood services and the retail activities have a great, significant, and positive influence on the density of housing construction sites.
The results of this study represent a real support for both public and private bodies to identify the most and least attractive and vibrant urban areas and to deal with important aspects of urban complexity.
American Psychological Association (APA)
Barreca, Alice& Curto, Rocco& Rolando, Diana. 2020. Is the Real Estate Market of New Housing Stock Influenced by Urban Vibrancy?. Complexity،Vol. 2020, no. 2020, pp.1-22.
https://search.emarefa.net/detail/BIM-1139975
Modern Language Association (MLA)
Barreca, Alice…[et al.]. Is the Real Estate Market of New Housing Stock Influenced by Urban Vibrancy?. Complexity No. 2020 (2020), pp.1-22.
https://search.emarefa.net/detail/BIM-1139975
American Medical Association (AMA)
Barreca, Alice& Curto, Rocco& Rolando, Diana. Is the Real Estate Market of New Housing Stock Influenced by Urban Vibrancy?. Complexity. 2020. Vol. 2020, no. 2020, pp.1-22.
https://search.emarefa.net/detail/BIM-1139975
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1139975