Paola Castagnino, Paolo Rosasco, Leopoldo Sdino


The change in property values, as a function of the accessibility of a territory, is the subject of several studies and researches from different disciplines: from the models developed by Burgess to the modern theories on mobility. The goal of this paper is to evaluate the economic effects, although by means an empirical method, on the housing market of a rail infrastructure. The realization of this type of infrastructures, in fact, can have significant impacts on the different components of a territory (environmental, social and economic). Among the effects on the territory the change in the value of real estate is one of the most obvious and perceived by residents. With reference to the new rail link that will connect more directly and quickly the city of Zurich (Switzerland) and Milan (Italy) through the decomposition in hedonic pricing study evaluates the impacts and potential changes induced by the construction of the infrastructure in three segments of the housing market: the central, peripheral and rural. From the case study emerges is the "hourglass effect", with impacts of positive and negative poles in the two territories crossed.

DOI: http://dx.medra.org/10.19254/LaborEst.10.09


Real Estate, Regional Sciences, Infrastructure, Urban Economics

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This work is licensed under a Creative Commons Attribution 4.0 International (CC BY 4.0)