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Housing Vulnerability and Property Prices: Spatial Analyses in the Turin Real Estate Market

Author

Listed:
  • Alice Barreca

    (Architecture and Design Department, Politecnico di Torino, Castello del Valentino, Viale Mattioli 39, 10125 Torino, Italy)

  • Rocco Curto

    (Architecture and Design Department, Politecnico di Torino, Castello del Valentino, Viale Mattioli 39, 10125 Torino, Italy)

  • Diana Rolando

    (Architecture and Design Department, Politecnico di Torino, Castello del Valentino, Viale Mattioli 39, 10125 Torino, Italy)

Abstract

In the literature, several vulnerability/resilience indicators and indexes are based and assessed by taking into account and combining different dimensions. Housing vulnerability is one of these dimensions and is strictly related to the buildings’ physical features and to the socio-economic condition of their occupants. This research aims to study housing vulnerability in relation to the real estate market by identifying possible indicators and spatially analyzing their influence on property prices. Assuming the city of Turin and its territorial segmentation as a case study, spatial analyses were performed to take into account the presence of spatial dependence and to identify the variables that significantly influence the process of property price determination. The results of this study highlighted the fact that two housing vulnerability indicators, representative of fragile buildings’ physical features, were spatially correlated with property prices and had a significant and negative influence on them. In addition, their comparison with two social vulnerability indicators demonstrated that the presence of economical buildings and council houses was spatially correlated with the presence of people with a low education level. The results of the spatial regression model also confirmed that one of the social vulnerability indicators had the highest and most negative explanatory power in the property price determination process.

Suggested Citation

  • Alice Barreca & Rocco Curto & Diana Rolando, 2018. "Housing Vulnerability and Property Prices: Spatial Analyses in the Turin Real Estate Market," Sustainability, MDPI, vol. 10(9), pages 1-20, August.
    • Handle: RePEc:gam:jsusta:v:10:y:2018:i:9:p:3068-:d:166334
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    Cited by:

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    2. Alice Barreca & Rocco Curto & Diana Rolando, 2020. "Urban Vibrancy: An Emerging Factor that Spatially Influences the Real Estate Market," Sustainability, MDPI, vol. 12(1), pages 1-23, January.
    3. Daniel Lo & Kwong Wing Chau & Siu Kei Wong & Michael McCord & Martin Haran, 2022. "Factors Affecting Spatial Autocorrelation in Residential Property Prices," Land, MDPI, vol. 11(6), pages 1-16, June.
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    7. Wei-Ling Tsou & Chen-Yi Sun, 2021. "Consumers’ Choice between Real Estate Investment and Consumption: A Case Study in Taiwan," Sustainability, MDPI, vol. 13(21), pages 1-13, October.
    8. Sheen Low & Fahim Ullah & Sara Shirowzhan & Samad M. E. Sepasgozar & Chyi Lin Lee, 2020. "Smart Digital Marketing Capabilities for Sustainable Property Development: A Case of Malaysia," Sustainability, MDPI, vol. 12(13), pages 1-40, July.
    9. Rocco Curto & Elena Fregonara, 2019. "Monitoring and Analysis of the Real Estate Market in a Social Perspective: Results from the Turin’s (Italy) Experience," Sustainability, MDPI, vol. 11(11), pages 1-22, June.
    10. Héctor Saldaña-Márquez & Diana C. Gámez-García & José M. Gómez-Soberón & Susana P. Arredondo-Rea & Ramón Corral-Higuera & María C. Gómez-Soberón, 2019. "Housing Indicators for Sustainable Cities in Middle-Income Countries through the Residential Urban Environment Recognized Using Single-Family Housing Rating Systems," Sustainability, MDPI, vol. 11(16), pages 1-29, August.
    11. Sisman, S. & Aydinoglu, A.C., 2022. "Improving performance of mass real estate valuation through application of the dataset optimization and Spatially Constrained Multivariate Clustering Analysis," Land Use Policy, Elsevier, vol. 119(C).
    12. Alice Barreca, 2022. "Architectural Quality and the Housing Market: Values of the Late Twentieth Century Built Heritage," Sustainability, MDPI, vol. 14(5), pages 1-24, February.

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