Assessing the Impact of Urban Improvement on Housing Values: A Hedonic Pricing and Multi-Attribute Analysis Model for the Historic Centre of Venice

Rosato, Paolo; Breil, Margaretha; Giupponi, Carlo; Berto, Raul

doi:10.3390/buildings7040112

Cited by 21 publications

(15 citation statements)

References 52 publications

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“…D’Acci [ 4 ] estimated the qualitative benefits perceived from the site’s characteristics in Turin (Italy), focusing on the proximity to the centre and the increase in site quality. Rosato et al [ 25 ] proposed a hybrid model based on HP method and Multi-Attribute Analysis to test the effects of the MOSE project (Electromechanical Experimental Module) for the protection of Venice (Italy) on real estate prices. Dell’Anna et al [ 26 ] compared the effect of accessibility features on Turin and Barcelona property prices.…”

Section: The Integrated Evaluation Frameworkmentioning

confidence: 99%

Evaluating the Urban Quality Through a Hybrid Approach: Application in the Milan (Italy) City Area

Oppio

Bottero

Dell’Anna

et al. 2020

Computational Science and Its Applications – ICCSA 2020

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Urban planning can support the optimal exploitation of the resources available in an urban system with specific reference to the accessibility of goods and services by an increase of the quality of the public space. In this perspective, knowing the economic effects generated by urban planning choices can be fundamental to guide decision-making processes. For this purpose, a research work which proposes a method for defining a synthetic index through the Multi-Attribute Value Theory to describe urban quality is presented. The synthetic index proposed in this study reflects the public open spaces, accessibility and provision of services qualities of the urban context. Besides, this study estimates these advantages through the hedonic prices method, analyzing the residential market. The combined methodology has been applied in detail to three districts located in the Municipality of Milan (Italy). The simultaneous reading of the indices used to spatialise the urban quality levels allows identifying the extrinsic characteristics of the three neighbourhoods analyzed. Considering the changes induced on house prices, the results of the hedonic models show that the economic impacts generated by low levels of urban quality are significant. Accordingly, the policies that aim to transform the existing urban fabric become fundamental for the creation of economic and social value.

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Section: The Integrated Evaluation Frameworkmentioning

confidence: 99%

Evaluating the Urban Quality Through a Hybrid Approach: Application in the Milan (Italy) City Area

Oppio

Bottero

Dell’Anna

et al. 2020

Computational Science and Its Applications – ICCSA 2020

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“…These prominent trees encountered in this study were in conformity with the reports of other workers as being effective as amenity trees (Babalola and Raji, 2016;Ugbaja, 2018). The cultivation of these encountered trees in UNIPORT could be due to their ability to provide shade, fruits, aesthetic values, increase property values (Hedonic) and their ease of growth (Schroeder, 1989;Panduro and Veie, 2013;Rosato et al, 2017). These nematodes found on amenity trees are in conformity with nematode pests that have been reported on trees due to their wide host range and mode of feeding (Ruehle, 1967;Ruehle, 1973;Gbadegesin et al, 1992;Gbadegesin et al, 1993;Nyczepir and Becker, 1998).…”

Section: Mean Relative Importance Values and Diversity Indices Of Plamentioning

confidence: 96%

Identification and Abundance of Plant-parasitic Nematodes Associated with Amenity Trees in the University of Port Harcourt, Rivers State, Nigeria

Oseni¹,

Tanimola²,

Wokoma³

et al. 2021

jasem

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Plant-parasitic nematodes contribute to unnoticeable damages which lead to gradual decline in the values and eventually death of amenity trees. Identification of these nematode pests is vital for their effective management. Reconnaissance survey was carried out to identify amenity tree species present in the University of Port Harcourt (UNIPORT). Composite bulked soil and root samples (126) were collected from amenity trees in UNIPORT and nematode pests were extracted from samples using modified Baerman method. The nematode pests were identified and their populations determined using standard procedures. Relative importance value (RIV) and diversity indices were calculated with appropriate software. Data were processed using descriptive statistics and with analysis of variance. 38 tree species were identified in UNIPORT belonging to 20 families. Terminalia mantaly, Cocos nucifera and Terminalia catappa with RIVs of 15.1, 9.35, and 9.12 respectively were the three most important amenity trees in UNIPORT. Fifteen nematode pest genera; Helicotylenchus, Aporcelaimus, Tylenchulus, Meloidogyne, Scutelonema, Pratylenchus, Tylenchus, Rotylenchoides, Criconema, Hemicyliophora, Trichodorus, Mesodorylaimus, Heterodera, Paratylenchus and Longidorus were associated with 21 of the amenity trees. The three most important nematode pest genera were Helicotylenchus, Tylenchulus and Aporcelaimus with RIVs of 42%, 16% and 5.34%, respectively. Helicotylenchus (RIV 45.41%) and Tylenchulus (RIV 30%) were the most important plant-parasitic nematode genera in the soil and roots of amenity trees, respectively. Helicotylenchus, Tylenchulus and Aporcelaimus were the three most important plant-parasitic nematode genera associated with amenity trees in UNIPORT. Keywords: Amenity trees, Diversity indices, Identification, Nematode pests, Survey

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“…Also studies by Lombard et al (2017) in Pretoria and Johannesburg showed that there is a positive correlation between property values and infrastructure development, because property values appreciated due to introduction of train stations in these cities. According to Rosato et al (2017), mobility in residential areas is very important as it determines accessibility in the area and this makes the areas with such infrastructure good neighbourhood. However, Tsatsaronis and Zhu (2004) recognized other factors such as availability of land and construction cost as also having a significant influence on property values and rental values.…”

Section: Property Values In the High Density Residential Areas In Bulmentioning

confidence: 99%

Infrastructure Development and Property Sales in Low Income Residential Properties in Bulawayo

Chigwenya

Dube²

2019

Baltic Journal of Real Estate Economics and Construction Management

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There is a usual positive correlation between infrastructure development and property sales, because infrastructure development has positive externalities on property sales. However, in Bulawayo this correlation is not usually present in all aspects of properties transactions. The research seeks to find out the trends in infrastructure development and property sales in the city of Bulawayo. The research also aims to unearth some of the factors other than infrastructure development that determine property values in Bulawayo’s low-density suburbs. The research took a mixed methods approach to data collection where both qualitative and quantitative methodologies were utilised. Questionnaires were administered to the people in low income areas of Pumula, Cowdrey Park and Emganwini. In depth interviews with key informants in the real estate sector were conducted to cross fertilise and enrich the inquiry. The research found out that in most cases there is a strong correlation between infrastructure development and property sales, but in some cases, this is not the case as some forces are put in play to distort the market play. The research also discovered that apart from infrastructure, property sales in Bulawayo’s low-income residential suburbs are also affected by income, supply of houses and demand for these houses. In Bulawayo, there are bottle-necks in the supply of houses and this has distorted the market because people are taking whatever there is on the market at any price. This has reduced the influence of infrastructure development on property sales.

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Assessing the Impact of Urban Improvement on Housing Values: A Hedonic Pricing and Multi-Attribute Analysis Model for the Historic Centre of Venice

Cited by 21 publications

References 52 publications

Evaluating the Urban Quality Through a Hybrid Approach: Application in the Milan (Italy) City Area

Evaluating the Urban Quality Through a Hybrid Approach: Application in the Milan (Italy) City Area

Identification and Abundance of Plant-parasitic Nematodes Associated with Amenity Trees in the University of Port Harcourt, Rivers State, Nigeria

Infrastructure Development and Property Sales in Low Income Residential Properties in Bulawayo

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