Description
Title: Italian Housing Market Prices and Kindergarten Proximity
Abstract: This study looks at how close a kindergarten is to real estate prices in 11 major Italian municipalities between 2004 and 2017. We use a hedonic property price model to achieve this. We also distinguish between state-owned and privately owned properties when analyzing the effect of kindergarten proximity on home prices. The results show that I the level of housing price is dependent on kindergarten proximity; (ii) certain qualities of quality schools were significant; and (iii) the distinction between public and non-state kindergartens reveals that the latter’s proximity produces a more significant capitalization effect. Finally, when formulating plans for the construction of new kindergartens in order to create a more homogeneous city, the empirical evidence may be helpful to several actors involved in urban planning.
Keywords: house value; kindergarten; neighborhood; capitalization
Paper Quality: SCOPUS / Web of Science Level Research Paper
Subject: Economics
Writer Experience: 20+ Years
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