The residential real estate market in Italy: a spatio-temporal analysis

Monica Palma (), Claudia Cappello (), Sandra De Iaco () and Daniela Pellegrino ()
Additional contact information
Monica Palma: Università del Salento
Claudia Cappello: Università del Salento
Sandra De Iaco: Università del Salento
Daniela Pellegrino: Università del Salento

Quality & Quantity: International Journal of Methodology, 2019, vol. 53, issue 5, No 13, 2472 pages

Abstract: Abstract Real estate market follows generally the evolution of the economic cycles. In Italy, it has been characterized by a period of expansion (2000–2006) and a period of regression (2007–2013), with a slow growth in the last years, which reflects essentially the European context. The empirical distribution of the number of normalized transactions (NNT), registered in the residential real estate market, provides a realistic picture of the Italian market and reveals several differences among the Northern, Central and Southern parts of the nation. Although time series analysis has been widely used to describe the temporal evolution of socio-economic variables, recently increasing attention has been also given to the study of the spatial distribution of these phenomena. The aim of the paper is to propose a geostatistical model for describing and predicting simultaneously the spatial and temporal evolution of the Italian NNT. After discussing the systematic variations of the NNT, the residuals at local level, which are characterized by a significant spatio-temporal correlation, are studied and modeled. The convenience of using a spatio-temporal model versus an only temporal model is analyzed.

Keywords: Spatio-temporal variogram; Kriging predictions; Exponential smoothing (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://link.springer.com/10.1007/s11135-018-0768-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:qualqt:v:53:y:2019:i:5:d:10.1007_s11135-018-0768-8

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11135

DOI: 10.1007/s11135-018-0768-8

Access Statistics for this article

Quality & Quantity: International Journal of Methodology is currently edited by Vittorio Capecchi

More articles in Quality & Quantity: International Journal of Methodology from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().