Real Estate Investment Choices and Decision Support Systems

Vincenzo Del Giudice, Pierfrancesco De Paola, Torrieri Francesca, Peter J. Nijkamp and Aviad Shapira
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Vincenzo Del Giudice: Department of Industrial Engineering, University of Naples “Federico II”, Piazzale V. Tecchio, 80125 Naples, Italy
Pierfrancesco De Paola: Department of Industrial Engineering, University of Naples “Federico II”, Piazzale V. Tecchio, 80125 Naples, Italy
Torrieri Francesca: Department of Industrial Engineering, University of Naples “Federico II”, Piazzale V. Tecchio, 80125 Naples, Italy
Peter J. Nijkamp: Jheronimus Academy of Data Science, ‘s-Hertogenbosh 5200–5249, The Netherlands
Aviad Shapira: Technion—Israel Institute of Technology, Faculty of Civil and Environmental Engineering, 3200003 Haifa, Israel

Sustainability, 2019, vol. 11, issue 11, 1-18

Abstract: The evaluation of real estate assets is currently one of the main focal points addressed by territorial marketing strategies, with the view of developing high-performing or competitive cities. Given the complexity of the driving forces that determine the behavior of actors in a real estate market, it is necessary to identify a priori the factors that determine the competitive capacity of a city, to attract investments. The decision support system allows taking into account the key factors that determine the “attractiveness” of real estate investments in competitive urban contexts. This study proposes an integrated complex evaluation model that is able to map out and encapsulate the multidimensional spectrum of factors that shape the attractiveness of alternative real estate options. The conceptual–methodological approach is illustrated by an application of the model to a real-world case study of investment choice in the residential sector of Naples.

Keywords: decision support system; housing markets; real estate and land investment choices; Analytic Hierarchy Process (AHP); stated preference experiment (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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