NDLI: Residential Property Behavior Forecasting in the Metropolitan City of Milan: Socio-Economic Characteristics as Drivers of Residential Market Value Trends

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Residential Property Behavior Forecasting in the Metropolitan City of Milan: Socio-Economic Characteristics as Drivers of Residential Market Value Trends

Content Provider	MDPI
Author	Morena, Marzia Cia, Genny Baiardi, Liala Rojas, Juan Rodríguez
Copyright Year	2021
Description	The phenomenon of urbanization of cities has been the subject of numerous studies and evaluation protocols proposing to analyze the degree of economic and social sustainability of development projects. Through careful research and synthesis of the theoretical framework regarding residential properties’ performance measurement and forecasting, this paper goes deeper into the proposition of property development as an asset class that represents the biggest share of the Italian property market and yet is avoided by the big portfolios. The analysis model was applied to the city of Milan and its Metropolitan Area. The method is based on the development of correlation indices to evaluate different behaviors, through time and a Geographic Information System (GIS) based on the Hedonic Price Method (HPM). Results from a hedonic model estimated for several recent years suggest that, depending on the particular view, the relation between the rent/price performance and the different external and intrinsic variables can represent a useful parameter for evaluating the feasibility of different real estate investments.
Starting Page	3612
e-ISSN	20711050
DOI	10.3390/su13073612
Journal	Sustainability
Issue Number	7
Volume Number	13
Language	English
Publisher	MDPI
Publisher Date	2021-03-24
Access Restriction	Open
Subject Keyword	Sustainability Social Sciences, Interdisciplinary Real Estate Market Residential Property Hedonic Price Method (hpm) Urban Sustainability Urban Transformation
Content Type	Text
Resource Type	Article

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