Real Estate Market Responses to the COVID-19 Crisis: Which Prospects for the Metropolitan Area of Naples (Italy)?

Toro, Pasquale De; Nocca, Francesca; Buglione, Francesca

doi:10.3390/urbansci5010023

Cited by 45 publications

(40 citation statements)

References 8 publications

(13 reference statements)

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“…During lockdowns, homes became a living and working space as well as an area in which to spend our free time [81]. Thus, homes were modified to meet the new requirements of communities that had to spend a larger part of their day at home.…”

Section: Accommodationmentioning

confidence: 99%

Sustainable Construction Investment, Real Estate Development, and COVID-19: A Review of Literature in the Field

et al. 2021

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Aspects of sustainable construction investment and real estate development (CIRED) and their interrelations during the period pre-, intra-, and post-COVID-19, are presented in the research. Applications of the topic model, environmental psychology theory, building life cycle method, and certain elements of bibliometrics, webometrics, article level metrics, altmetrics, and scientometrics make it possible to perform a quantitative analysis on CIRED. The CIRED topic model was developed in seven steps. This paper aims to present a literature review on CIRED throughout the pandemic and to look at the responses from the real estate and construction sector. This sector is a field that appears to be rapidly expanding, judging from the volume of current research papers. This review focuses on last year’s leading peer-reviewed journals. A combination of various keywords was applied for the review and the criteria for paper selections included construction investment, real estate development, civil engineering, COVID-19, and sustainability, as well as residential, industrial, commercial, land, and special purpose real estate, along with their risks, strategies, and trends. The articles reviewed for this paper, which analyzes three hypotheses, look at pre-, intra-, and post-pandemic CIRED. The three hypotheses were validated by analyzing scientific publications from around the world. Two innovative elements make this study stand out among the most advanced research on pre-, intra-, and post-pandemic CIRED. The first of the two innovations is the integrated analysis of the COVID-19 pandemic, COVID-19-related national policies, and business investment strategies relevant to CIRED and the interests of investors as well as on the impact a CIRED policy and investors make on the spread of COVID-19. In addition, this research demonstrates a marked increase in the effectiveness of a CIRED analysis, when the life cycle of a CIRED, the involved stakeholders with their own individual interests, the COVID-19 situation, and the external micro-, meso-, and macro-environments are covered comprehensively as a single entity.

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Section: Accommodationmentioning

confidence: 99%

Sustainable Construction Investment, Real Estate Development, and COVID-19: A Review of Literature in the Field

et al. 2021

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“…Most urban areas today are saturated in terms of the built environment. Therefore, in the development of cities, greater attention is given to the recovery of the existing building stock (abandoned or underused) and disused areas, rather than to further urban expansion (De Toro et al, 2021). This also includes the reuse of cultural heritage buildings.…”

Section: Discussionmentioning

confidence: 99%

Circular economy and cultural heritage conservation: a proposal for integrating Level(s) evaluation tool

2021

Self Cite

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The paradigm shift towards a more humanistic and ecological paradigm evoked by United Nations and the Green Deal is increasingly required in this period of growing unsustainability, especially during ongoing COVID-19 pandemic. The challenge today is to reduce poverty and inequalities, while preserving the vitality of natural ecosystems and ensuring inclusive economic growth and wellbeing, both now and in the future, thus including future generations. To this end, new models for city development and new tools for operationalizing them are necessary. This paper is focused on the circular economy model and, in particular, on the functional reuse of cultural heritage as the entry point for triggering circular processes in the cities. The attention is focused on the evaluation tools and a methodological proposal is presented starting from the Level(s) tool (developed by European Commission) for assessing the multidimensional impacts of cultural heritage functional reuse projects in the circular economy perspective.

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“…In the next few years, we can expect a change in the housing preferences of residents of many cities, in favour of living in single-family houses in smaller towns, which guarantees that they will be at home and will be more self-sufficient [92,95]. This is related to providing direct access to a private small green recreation area.…”

Section: Urban Sprawl and Mental Healthmentioning

confidence: 99%

“…The real threat of infection gives way to mental needs and the fears of being isolated without access to public spaces and green areas. Fear of being infected with SARS-CoV-2 [94], together with a need for more personal freedom (limited in cities-people locked in flats with limited access to nature), forced people to change and move into less urbanised areas with better access to nature [95].…”

mentioning

confidence: 99%

Mental Health and the City in the Post-COVID-19 Era

Bil¹,

Buława

Świerzawski

2021

Sustainability

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The article describes the risks for the mental health and wellbeing of urban-dwellers in relation to changes in the spatial structure of a city that could be caused by the COVID-19 pandemic. A year of lockdown has changed the way of life in the city and negated its principal function as a place of various meetings and social interactions. The danger of long-term isolation and being cut-off from an urban lifestyle is not only a challenge facing individuals, but it also creates threats on various collective levels. Hindered interpersonal relations, stress, and the fear of another person lower the quality of life and may contribute to the development of mental diseases. Out of fear against coronavirus, part of the society has sought safety by moving out of the densely populated city centres. The dangerous results of these phenomena are shown by research based on the newest literature regarding the influence of COVID-19 and the lockdown on mental health, urban planning, and the long-term spatial effects of the pandemic such as the urban sprawl. The breakdown of the spatial structure, the loosening of the urban tissue, and urban sprawl are going to increase anthropopressure, inhibit access to mental health treatment, and will even further contribute to the isolation of part of the society. In addition, research has shown that urban structure loosening as a kind of distancing is not an effective method in the fight against the SARS-COV pandemic. Creating dense and effective cities through the appropriate management of development during and after the pandemic may be a key element that will facilitate the prevention of mental health deterioration and wellbeing. It is also the only possibility to achieve the selected Sustainable Development Goals, which as of today are under threat.

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Real Estate Market Responses to the COVID-19 Crisis: Which Prospects for the Metropolitan Area of Naples (Italy)?

Cited by 45 publications

References 8 publications

Sustainable Construction Investment, Real Estate Development, and COVID-19: A Review of Literature in the Field

Sustainable Construction Investment, Real Estate Development, and COVID-19: A Review of Literature in the Field

Circular economy and cultural heritage conservation: a proposal for integrating Level(s) evaluation tool

Mental Health and the City in the Post-COVID-19 Era

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