Work

Understanding the value of retail accessibility in private housing markets: A study from Turin, Italy

Year: 2024

Type: article

Abstract: Numerous urban studies have explored the relationship between urban amenities and real estate value. However, a notable gap exists in the literature concerning the specific impact of retail activities on housing values, particularly within European contexts. This study addresses this gap by examining the relationship between housing values and accessibility to different retail typologies, expanding the research stream to a European city by applying the Geographically Weighted Regression (GWR) model. The results indicate that accessibility to shopping retailers, bars and restaurants has a positive effect. In contrast, accessibility to convenience retailers and traditional markets has a negative impact. No significant relationship is observed between housing values and accessibility to supermarket retailers. Furthermore, this study shows that retail accessibility typologies impact differs in different urban areas. These findings provide useful implications for planners and policymakers, highlighting the need for strategic support for the retail sector in safeguarding and enhancing the investments of investors and families.

Source: Habitat International

DOI: 10.1016/j.habitatint.2024.103212

Authors: Marco Del Nibletto, Giulio Zotteri, Marta Bottero, Federico Dell’Anna

Institution: Politecnico di Torino

Language: English

Topic: Housing Market and Economics

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Sustainable cities and communities, Reduced inequalities

Open Access status: hybrid

Estimated APC paid: $3,560