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An Automatic Tool for the Determination of Housing Rental Prices: An Analysis of the Italian Context

Sustainability, 2022-01, Vol.14 (1), p.309 [Peer Reviewed Journal]

2021 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 2071-1050 ;EISSN: 2071-1050 ;DOI: 10.3390/su14010309

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  • Title:
    An Automatic Tool for the Determination of Housing Rental Prices: An Analysis of the Italian Context
  • Author: Tajani, Francesco ; Di Liddo, Felicia ; Ranieri, Rossana ; Anelli, Debora
  • Subjects: Affordable housing ; Apartments ; Cities ; Coronaviruses ; COVID-19 ; Economic crisis ; Fees & charges ; Houses ; Housing policy ; Market segments ; Medical research ; Pandemics ; Prices ; Public housing ; Rentals ; Sustainability
  • Is Part Of: Sustainability, 2022-01, Vol.14 (1), p.309
  • Description: In the last decades, some global events such as the economic crisis of 2008 and the COVID-19 emergency of 2020, have generated more attention towards the housing rental market and its capacity to meet several social needs. In order to study the existent demand for houses, then define the interventions on the residential assets to make them more affordable for the most fragile population groups, adequate evaluation tools are required. With reference to the residential property segment of five metropolitan cities located in the Italian territory, the present research is aimed at analyzing the contribution of the most influencing factors on rental prices. In particular, this research refers to the rented properties of the second half of 2019, with a set of variables that represent the intrinsic and extrinsic factors of the local market. The implementation of an automated valuation model allows the determination of the most significant factors and the functional relationships that they have with housing rental fees. The outputs obtained could support the improvement of equitable public housing policies or could guide private investment decisions, such as refurbishment interventions of certain significant factors that could increase the market rental value. This study is the first step in wider research that is currently in progress, which aims to investigate the effects of the existing COVID-19 pandemic on the residential rental market.
  • Publisher: Basel: MDPI AG
  • Language: English
  • Identifier: ISSN: 2071-1050
    EISSN: 2071-1050
    DOI: 10.3390/su14010309
  • Source: GFMER Free Medical Journals
    Coronavirus Research Database
    ROAD: Directory of Open Access Scholarly Resources
    ProQuest Central
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