Abstract
The objective pursued in this text is that of verifying the effects on real estate values exercised by the asse attrezzato, the high-speed road artery connecting the city of Pescara with the A14 highway and its inland areas. More in detail, the investigation considered the final section of this infrastructure, which penetrates the consolidated urban fabric of the city by approximately two kilometres as an overpass running parallel to the Pescara River and the quays of the canal port, all the way to the coastline. The urban landscape is strongly characterised by the imposing and markedly functional presence of the viaduct, linked to its use as the privileged means of accessing the city, to which it is interconnected via three interchange ramps. The evaluation employed a technique of inferential statistics, a multiple linear regression analysis, with one of the independent variables represented by the distance of buildings from the interchanges of the asse attrezzato. Furthermore, the research experimented with the use of a complex variable: an expression of the grouping of various characteristics associated with the different urban contexts in which the buildings are located. The empirical results reveal the presence of a notable effect on real estate values related to accessibility, and suggest the practicability of using complex variables in regression models in relation to characteristics expressing urban quality.
The Italian term asse attrezzato refers to a form of linear settlement serviced by and (generally) located along a high-speed link road – TN.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Trinci, C.: Trattato delle stime de’ beni stabili, Albizzini, Florence (1755)
Lancaster, K.: A new Approach to Consumer Theory. The Journal of Political Economy 74(2), 132–157 (1966)
Rosen, S.: Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition. The Journal of Political Economy 82(1), 34–55 (1974)
Cervero, R., Kang, J., Shively, K.: From Elevated Freeways to Surface Boulevards: Neighborhood, Traffic, and Housing Price Impacts in San Francisco. Department of City and Regional Planning University of California, Berkeley, Working Paper prepared for the University of California Transportation Center (2007)
Simonotti, M.: Un’applicazione dell’analisi di regressione multipla nella stima di appartamenti. Genio Rurale 2, 9–15 (1991)
Rosasco, P.: Modelli per il mass appraisal. Alinea, Florence (2010)
Lin, J.J., Hwang, C.H.: Analysis of property prices before and after the opening of the Taipei subway system. The Annals of Regional Science 38(4), 687–704 (2004)
Nelson, A.: Effects of elevated heavy-rail transit stations on house prices with respect to neighborhood income. Transportation Research Record 1359, 127–132 (1992)
Voith, R.P.: Changing Capitalization of CBD-Oriented Transportation Systems: Evidence from Philadelphia, 1970–1988. Journal of Urban Economics 33, 361–376 (1993)
Haughwout, A.F.: Central city infrastructure investment and suburban house values. Regional Science and Urban Economics 27, 199–215 (1997)
Mikelbank, B.A.: Spatial analysis of the relationship between housing values and investments in transportation infrastructure. The Annals of Regional Science 38, 705–726 (2004)
Frew, J., Wilson, B.: Estimating the Connection between Location and Property Value. Journal of Real Estate Practice and Education 5(1), 17–25 (2002)
Cervero, R.: Effects of Light and Commuter Rail Transit on Land Prices: Experiences in San Diego County. Department of City and Regional Planning, University of California– Berkeley. Working Paper (2003)
Kilpatrick, J.A., Throupe, R.L., Carruthers, J.I., Krause, A.: The Impact of Transit Corridors on Residential Property Values. Journal of Real Estate Research 29(3), 304–305 (2007)
Secchi, B. (ed.): On Mobility. Infrastrutture per la mobilità e costruzione del territorio metropolitano: linee guida per un progetto integrato. Marsilio, Venezia (2010)
Pavia, R., di Venosa, M. (eds.): Ultimo Miglio. Il progetto di interconnessione tra porto e città. Sala Editori, Pescara (2011)
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2012 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Carbonara, S. (2012). The Effect of Infrastructural Works on Urban Property Values: The asse attrezzato in Pescara, Italy. In: Murgante, B., et al. Computational Science and Its Applications – ICCSA 2012. ICCSA 2012. Lecture Notes in Computer Science, vol 7334. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-31075-1_10
Download citation
DOI: https://doi.org/10.1007/978-3-642-31075-1_10
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-31074-4
Online ISBN: 978-3-642-31075-1
eBook Packages: Computer ScienceComputer Science (R0)