The residential real estate market in Italy: a spatio-temporal analysis

The residential real estate market in Italy: a spatio-temporal analysis Qual Quant https://doi.org/10.1007/s11135-018-0768-8 The residential real estate market in Italy: a spatio‑temporal analysis 1 1 1 1 Monica Palma  · Claudia Cappello  · Sandra De Iaco  · Daniela Pellegrino © Springer Science+Business Media B.V., part of Springer Nature 2018 Abstract Real estate market follows generally the evolution of the economic cycles. In Italy, it has been characterized by a period of expansion (2000–2006) and a period of regression (2007–2013), with a slow growth in the last years, which reflects essentially the European context. The empirical distribution of the number of normalized transactions (NNT), registered in the residential real estate market, provides a realistic picture of the Italian market and reveals several differences among the Northern, Central and Southern parts of the nation. Although time series analysis has been widely used to describe the temporal evolution of socio-economic variables, recently increasing attention has been also given to the study of the spatial distribution of these phenomena. The aim of the paper is to propose a geostatistical model for describing and predicting simultaneously the spatial and temporal evolution of the Italian NNT. After discussing the systematic variations of the NNT, the residuals at local level, which are characterized by a significant spatio-temporal correlation, are studied and modeled. The http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Quality & Quantity Springer Journals

The residential real estate market in Italy: a spatio-temporal analysis

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Publisher
Springer Netherlands
Copyright
Copyright © 2018 by Springer Science+Business Media B.V., part of Springer Nature
Subject
Social Sciences; Methodology of the Social Sciences; Social Sciences, general
ISSN
0033-5177
eISSN
1573-7845
D.O.I.
10.1007/s11135-018-0768-8
Publisher site
See Article on Publisher Site

Abstract

Qual Quant https://doi.org/10.1007/s11135-018-0768-8 The residential real estate market in Italy: a spatio‑temporal analysis 1 1 1 1 Monica Palma  · Claudia Cappello  · Sandra De Iaco  · Daniela Pellegrino © Springer Science+Business Media B.V., part of Springer Nature 2018 Abstract Real estate market follows generally the evolution of the economic cycles. In Italy, it has been characterized by a period of expansion (2000–2006) and a period of regression (2007–2013), with a slow growth in the last years, which reflects essentially the European context. The empirical distribution of the number of normalized transactions (NNT), registered in the residential real estate market, provides a realistic picture of the Italian market and reveals several differences among the Northern, Central and Southern parts of the nation. Although time series analysis has been widely used to describe the temporal evolution of socio-economic variables, recently increasing attention has been also given to the study of the spatial distribution of these phenomena. The aim of the paper is to propose a geostatistical model for describing and predicting simultaneously the spatial and temporal evolution of the Italian NNT. After discussing the systematic variations of the NNT, the residuals at local level, which are characterized by a significant spatio-temporal correlation, are studied and modeled. The

Journal

Quality & QuantitySpringer Journals

Published: May 30, 2018

References

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