CHI GUIDA LA CRESCITA? VALORI IMMOBILIARI E SVILUPPO DELLE CITTÀ METROPOLITANE

Abstract

Since 1990, Italian national institutions have promoted an action to favor some of the most important cities, prefiguring their role as a territorial pivot. The research aimed to verify whether metropolitan cities responded similarly to the 2008 and 2012 economic shocks. The hypotheses underlying the study were two. The first has taken on a highly concentrated development, while the second one assumed a distributed growth, consistently with the polycentric nature of the Italian territories. Methodology assumed that real estate market values represent a synthetic indicator of a city's growth (or decline) for a broader territorial context. The results highlighted a concentration phenomenon in Milan, the only one of the twelve cities examined to record
an increase in real estate values over the timespan considered due in particular to the developement in average of the advanced services sector in this city.