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Kindergarten Proximity and the Housing Market Price in Italy

Author

Listed:
  • Angela Stefania Bergantino

    (Department of Economics, Management and Business Law, University of Bari Aldo Moro, 70124 Bari, Italy)

  • Antonella Biscione

    (Department of Bioeconomic Strategies in the European Union and in the Balkans, Catholic University “Our Lady of Good Counsel”, 1000 Tirana, Albania)

  • Annunziata de Felice

    (Department of Law, University of Bari Aldo Moro, 70121 Bari, Italy)

  • Francesco Porcelli

    (Department of Law, University of Bari Aldo Moro, 70121 Bari, Italy)

  • Riccardo Zagaria

    (Italian National Institute of Social Security)

Abstract

This paper investigates the impact of kindergarten proximity on housing market prices in the eleven major Italian Municipalities over the period 2004–2017. For this purpose, we employ a hedonic property price model. We also differentiate the impact of kindergarten proximity on houses’ market price between state and non-state premises. The findings highlight that (i) the level of housing price depends on kindergarten proximity; (ii) some quality school characteristics played a crucial role and (iii) the distinction between public and non-state kindergartens shows that the vicinity of the latter generates a more significant capitalization effect. Finally, the empirical evidence could be useful to several actors involved in urban planning when developing plans for the construction of new kindergartens in order to create a more homogeneous city.

Suggested Citation

  • Angela Stefania Bergantino & Antonella Biscione & Annunziata de Felice & Francesco Porcelli & Riccardo Zagaria, 2022. "Kindergarten Proximity and the Housing Market Price in Italy," Economies, MDPI, vol. 10(9), pages 1-16, September.
    • Handle: RePEc:gam:jecomi:v:10:y:2022:i:9:p:222-:d:913756
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    References listed on IDEAS

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    More about this item

    Keywords

    house value; kindergarten; neighborhood; capitalization;
    All these keywords.

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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