An Analysis of the Housing Market Dynamics in the Italian Municipalities

Abstract

The Covid-19 pandemic has caused numerous variations in the global economies with repercussions in all sectors. Once the emergency phase has finished, the entire worldwide population has changed its lifestyle and has had to adapt to live with the pandemic. In particular, the several modifications that have occurred in the job market and in schools and universities have determined a necessary reorganization of domestic spaces. The present study represents the first phase of a wider research aimed at verifying the transformation in the Italian residential market demand resulted by the Covid-19. The analysis carried out in this work has been performed at the municipal level, by considering the data published by the National Institute of Statistics collected for the 15th General Census of the population and housing in 2011. The dataset collected has been processed through an advanced econometric technique in order to identify the functional relationships between the residential average unit market value and the main architectural, socio-demographic and territorial factors. Further developments of this research will concern the application of the same methodological approach proposed to data detected by the National Institute of Statistics for the 16th Census scheduled for 2021.