Is the Real Estate Market of New Housing Stock Influenced by Urban Vibrancy?
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 pape...
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| Format: | Article |
| Language: | English |
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Wiley
2020-01-01
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| Series: | Complexity |
| Online Access: | http://dx.doi.org/10.1155/2020/1908698 |
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| author | Alice Barreca Rocco Curto Diana Rolando |
| author_facet | Alice Barreca Rocco Curto Diana Rolando |
| author_sort | Alice Barreca |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-4876a7dde56643afbc35214173d24f26 |
| institution | Kabale University |
| issn | 1076-2787 1099-0526 |
| language | English |
| publishDate | 2020-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Complexity |
| spelling | doaj-art-4876a7dde56643afbc35214173d24f262025-02-03T06:07:41ZengWileyComplexity1076-27871099-05262020-01-01202010.1155/2020/19086981908698Is the Real Estate Market of New Housing Stock Influenced by Urban Vibrancy?Alice Barreca0Rocco Curto1Diana Rolando2Architecture and Design Department, Politecnico di Torino, Castello del Valentino, V. le Mattioli 39, Torino, Turin 10125, ItalyArchitecture and Design Department, Politecnico di Torino, Castello del Valentino, V. le Mattioli 39, Torino, Turin 10125, ItalyArchitecture and Design Department, Politecnico di Torino, Castello del Valentino, V. le Mattioli 39, Torino, Turin 10125, ItalyThe 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.http://dx.doi.org/10.1155/2020/1908698 |
| spellingShingle | Alice Barreca Rocco Curto Diana Rolando Is the Real Estate Market of New Housing Stock Influenced by Urban Vibrancy? Complexity |
| title | Is the Real Estate Market of New Housing Stock Influenced by Urban Vibrancy? |
| title_full | Is the Real Estate Market of New Housing Stock Influenced by Urban Vibrancy? |
| title_fullStr | Is the Real Estate Market of New Housing Stock Influenced by Urban Vibrancy? |
| title_full_unstemmed | Is the Real Estate Market of New Housing Stock Influenced by Urban Vibrancy? |
| title_short | Is the Real Estate Market of New Housing Stock Influenced by Urban Vibrancy? |
| title_sort | is the real estate market of new housing stock influenced by urban vibrancy |
| url | http://dx.doi.org/10.1155/2020/1908698 |
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