The Effect of Infrastructural Works on Urban Property Values: The asse attrezzato in Pescara, Italy

  • Sebastiano Carbonara
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 7334)


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.


residential real estate market hedonic pricing accessibility urban quality 


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. 1.
    Trinci, C.: Trattato delle stime de’ beni stabili, Albizzini, Florence (1755)Google Scholar
  2. 2.
    Lancaster, K.: A new Approach to Consumer Theory. The Journal of Political Economy 74(2), 132–157 (1966)MathSciNetCrossRefGoogle Scholar
  3. 3.
    Rosen, S.: Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition. The Journal of Political Economy 82(1), 34–55 (1974)CrossRefGoogle Scholar
  4. 4.
    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)Google Scholar
  5. 5.
    Simonotti, M.: Un’applicazione dell’analisi di regressione multipla nella stima di appartamenti. Genio Rurale 2, 9–15 (1991)Google Scholar
  6. 6.
    Rosasco, P.: Modelli per il mass appraisal. Alinea, Florence (2010)Google Scholar
  7. 7.
    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)MathSciNetCrossRefGoogle Scholar
  8. 8.
    Nelson, A.: Effects of elevated heavy-rail transit stations on house prices with respect to neighborhood income. Transportation Research Record 1359, 127–132 (1992)Google Scholar
  9. 9.
    Voith, R.P.: Changing Capitalization of CBD-Oriented Transportation Systems: Evidence from Philadelphia, 1970–1988. Journal of Urban Economics 33, 361–376 (1993)CrossRefGoogle Scholar
  10. 10.
    Haughwout, A.F.: Central city infrastructure investment and suburban house values. Regional Science and Urban Economics 27, 199–215 (1997)CrossRefGoogle Scholar
  11. 11.
    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)CrossRefGoogle Scholar
  12. 12.
    Frew, J., Wilson, B.: Estimating the Connection between Location and Property Value. Journal of Real Estate Practice and Education 5(1), 17–25 (2002)Google Scholar
  13. 13.
    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)Google Scholar
  14. 14.
    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)Google Scholar
  15. 15.
    Secchi, B. (ed.): On Mobility. Infrastrutture per la mobilità e costruzione del territorio metropolitano: linee guida per un progetto integrato. Marsilio, Venezia (2010)Google Scholar
  16. 16.
    Pavia, R., di Venosa, M. (eds.): Ultimo Miglio. Il progetto di interconnessione tra porto e città. Sala Editori, Pescara (2011)Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  • Sebastiano Carbonara
    • 1
  1. 1.Dipartimento di ArchitetturaUniversità G. d’Annunzio of Chieti-PescaraPescaraItaly

Personalised recommendations