Skip to main content
SpringerLink
Log in

Incidence of Different Types of Urban Green Spaces on Property Prices. A Case Study in the Flaminio District of Rome (Italy)

  • Conference paper
  • First Online:
Computational Science and Its Applications – ICCSA 2019 (ICCSA 2019)

Part of the book series: Lecture Notes in Computer Science ((LNTCS,volume 11622))

Included in the following conference series:

Abstract

Although the presence of an urban green areas seems to be an important factor in housing decisions, there are few empirical research on the incidence of different types of urban green spaces on housing prices. With reference to a study sample of apartments located in the Flaminio district of the city of Rome (Italy), an innovative data-driven technique has been implemented. In this way, it was possible to identify, among the main explanatory variables selected by the model as the most influential in real estate price formation phenomena, those relating to green areas and analyzing the marginal contribution of each of them on selling prices. The implemented methodology has allowed to obtain a model characterized by high statistical reliability, by a simplicity and high coherence in the empirical interpretation of the functional relationships between the influencing factors selected and the housing prices. The results clearly indicate that green space is not a homogeneous environmental amenity, rather it is a series of distinct elements that has a different impact on housing prices.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Abbott, J.K., Klaiber, H.A.: Is all space created equal? Uncovering the relationship between competing land uses in subdivisions. Ecol. Econ. 70(2), 296–307 (2010)

    Article  Google Scholar 

  2. Amato, F., Tonini, M., Murgante, B., Kaneski, M.: Fuzzy definition of rural urban interface: an application based on land use change scenarios in Portugal. Environ. Model Softw. 104, 171–187 (2018)

    Article  Google Scholar 

  3. Barbante, E., Calvo, E., Sanesi, G., Selleri, B., Verlič, A., Vilhar, U.E.D.S.: Urban and periurban forests: management, monitoring and ecosystem services. Emonfur Life + project experiences, p. 279 (2014)

    Google Scholar 

  4. Cheshire, P., Sheppard, S.: On the price of land and the value of amenities. Economica 62(246), 247–267 (1995)

    Article  Google Scholar 

  5. Crompton, J.L.: The impact of parks on property values: a review of the empirical evidence. J. Leis. Res. 33(1), 1–31 (2001)

    Article  Google Scholar 

  6. Crompton, J.L.: The impact of parks on property values: empirical evidence from the past two decades in the United States. Manag. Leis. 10(4), 203–218 (2005)

    Article  Google Scholar 

  7. Czembrowski, P., Kronenberg, J.: Hedonic pricing and different urban green space types and sizes: insights into the discussion on valuing ecosystem services. Landsc. Urban Plan. 146, 11–19 (2016)

    Article  Google Scholar 

  8. Del Giudice, V., De Paola, P., Torrieri, F.: An integrated choice model for the evaluation of urban sustainable renewal scenarios. Adv. Mater. Res. 1030–1032, 2399–2406 (2014)

    Article  Google Scholar 

  9. Della Spina, L., Calabrò, F.: Decision support model for conservation, reuse and valorization of the historic cultural heritage. In: Gervasi, O., et al. (eds.) ICCSA 2018. LNCS, vol. 10962, pp. 3–17. Springer, Cham (2018). https://doi.org/10.1007/978-3-319-95168-3_1

    Chapter  Google Scholar 

  10. Draper, N.R., Smith, H.: Applied Regression Analysis. Wiley, Hoboken (2014)

    MATH  Google Scholar 

  11. Food and Agricolture Organization of the United Nations (FAO): COFO Side Event on “Urban Forests for Sustainable Cities”, Rome (2016)

    Google Scholar 

  12. Giustolisi, O., Savic, D.A.: A symbolic data-driven technique based on evolutionary polynomial regression. J. Hydroinform. 8(3), 207–222 (2006)

    Article  Google Scholar 

  13. Grey, G.W., Deneke, F.J.: Urban Forestry. Wiley, Hoboken (1978)

    Google Scholar 

  14. Hendon, W.S.: The park as a determinant of property values. Am. J. Econ. Sociol. 30(3), 289–300 (1971)

    Article  Google Scholar 

  15. Herath, S., Choumert, J., Maier, G.: The value of the greenbelt in Vienna: a spatial hedonic analysis. Ann. Reg. Sci. 54(2), 349–374 (2015)

    Article  Google Scholar 

  16. Irwin, E.G., Bockstael, N.E.: The problem of identifying land use spillovers: measuring the effects of open space on residential property values. Am. J. Agric. Econ. 83(3), 698–704 (2001)

    Article  Google Scholar 

  17. Istituto Superiore per la Protezione e la Ricerca Ambientale (ISPRA): Definizione del metodo per la classificazione e quantificazione dei servizi ecosistemici in Italia, http://www.isprambiente.gov.it/files/biodiversita/SERVIZI_ECOSISTEMICI.pdf

  18. Lynch, A.K., Rasmussen, D.W.: Proximity, neighbourhood and the efficacy of exclusion. Urban Stud. 41(2), 285–298 (2004)

    Article  Google Scholar 

  19. McCord, J., McCord, M., McCluskey, W., Davis, P.T., McIlhatton, D., Haran, M.: Effect of public green space on residential property values in Belfast metropolitan area. J. Financ. Manag. Prop. Constr. 19(2), 117–137 (2014)

    Article  Google Scholar 

  20. Morancho, A.B.: A hedonic valuation of urban green areas. Landsc. Urban Plan. 66(1), 35–41 (2003)

    Article  Google Scholar 

  21. Morano, P., Locurcio, M., Tajani, F., Guarini, M.R.: Urban Redevelopment: A Multi-criteria Valuation Model Optimized through the Fuzzy Logic. In: Murgante, B., et al. (eds.) ICCSA 2014. LNCS, vol. 8581, pp. 161–175. Springer, Cham (2014). https://doi.org/10.1007/978-3-319-09150-1_13

    Chapter  Google Scholar 

  22. Panduro, T.E., Veie, K.L.: Classification and valuation of urban green space. A hedonic house price valuation. Lands. Urban Plan. 120, 119–128 (2013)

    Article  Google Scholar 

  23. Sadeghian, M., Vardanyan, Z.: The benefits of urban parks, a review of urban research. J. Nov. Appl. Sci. 2(8), 231–237 (2013)

    Google Scholar 

  24. Saganeiti, L., Favale, A., Pilogallo, A., Scorza, F., Murgante, B.: Assessing urban fragmentation at regional scale using Sprinkling indexes. Sustainability 10(9), 3274 (2018)

    Article  Google Scholar 

  25. Salbitano, F., Borelli, S., Conigliaro, M., Chen, Y.: Guidelines on urban and peri-urban forestry. FAO Forestry Paper No. 178, Rome (2016)

    Google Scholar 

  26. Sarkar, C., et al.: Exploring associations between urban green, street design and walking: results from the greater London boroughs. Landsc. Urban Plan. 143, 112–125 (2015)

    Article  Google Scholar 

  27. Trojanek, R., Gluszak, M., Tanas, J.: The effect of urban green spaces on house prices in Warsaw. Int. J. Strat. Prop. Manag. 22(5), 358–371 (2018)

    Article  Google Scholar 

  28. Troy, A., Grove, J.M., Grove, J.M.: Property values, parks, and crime: a hedonic analysis in Baltimore, MD. Landsc. Urban Plan. 87(3), 233–245 (2008)

    Article  Google Scholar 

  29. Votsis, A.: Planning for green infrastructure: the spatial effects of parks, forests, and fields on Helsinki’s apartment prices. Ecol. Econ. 132, 279–289 (2017)

    Article  Google Scholar 

  30. Zhou, X., Parves Rana, M.: Social benefits of urban green space: a conceptual framework of valuation and accessibility measurements. Manag. Environ. Qual.: Int. J. 23(2), 173–189 (2012)

    Article  Google Scholar 

  31. Kim, H., Lee, G.E., Lee, J., Choi, Y.: Understanding the local impact of urban park plans and park typology on housing price: a case study of the Busan metropolitan region. Korea Landsc. Urban Plan. 184, 1–11 (2019)

    Article  Google Scholar 

  32. Knetsch, J.L.: The influence of reservoir projects on land values. Am. J. Agric. Econ. 46(1), 231–243 (1964)

    Google Scholar 

  33. Koza, J.R.: Genetic Programming: on the Programming of Computers by Means of Natural Selection. MIT Press, Cambridge (1992)

    MATH  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Department of Civil Engineering Sciences and Architecture, Polytechnic University of Bari, 70125, Bari, Italy

    Pierluigi Morano

  2. Department of Architecture and Design, “Sapienza” University of Rome, 00196, Rome, Italy

    Maria Rosaria Guarini, Francesco Tajani, Felicia Di Liddo & Debora Anelli

Authors
  1. Pierluigi Morano
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Maria Rosaria Guarini
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Francesco Tajani
    View author publications

    You can also search for this author in PubMed Google Scholar

  4. Felicia Di Liddo
    View author publications

    You can also search for this author in PubMed Google Scholar

  5. Debora Anelli
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Pierluigi Morano .

Editor information

Editors and Affiliations

  1. Covenant University, Ota, Nigeria

    Sanjay Misra

  2. University of Perugia, Perugia, Italy

    Osvaldo Gervasi

  3. University of Basilicata, Potenza, Italy

    Beniamino Murgante

  4. Saint Petersburg State University, Saint Petersburg, Russia

    Elena Stankova

  5. Saint Petersburg State University, Saint Petersburg , Russia

    Vladimir Korkhov

  6. Polytechnic University of Bari, Bari, Italy

    Carmelo Torre

  7. University of Minho, Braga, Portugal

    Ana Maria A.C. Rocha

  8. Monash University, Clayton, VIC, Australia

    David Taniar

  9. Kyushu Sangyo University, Fukuoka, Japan

    Bernady O. Apduhan

  10. Polytechnic University of Bari, Bari, Italy

    Eufemia Tarantino

Rights and permissions

Reprints and permissions

Copyright information

© 2019 Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Morano, P., Guarini, M.R., Tajani, F., Di Liddo, F., Anelli, D. (2019). Incidence of Different Types of Urban Green Spaces on Property Prices. A Case Study in the Flaminio District of Rome (Italy). In: Misra, S., et al. Computational Science and Its Applications – ICCSA 2019. ICCSA 2019. Lecture Notes in Computer Science(), vol 11622. Springer, Cham. https://doi.org/10.1007/978-3-030-24305-0_3

Download citation

  • DOI: https://doi.org/10.1007/978-3-030-24305-0_3

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-24304-3

  • Online ISBN: 978-3-030-24305-0

  • eBook Packages: Computer ScienceComputer Science (R0)

Publish with us

Policies and ethics

Search

Navigation