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Buildings 2017, 7(4), 91; doi:10.3390/buildings7040091

Immigrants and the City: The Relevance of Immigration on Housing Price Gradient

Department of Civil, Environmental and Architectural Engineering, University of Padova, Padua 35131, Italy
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Received: 17 July 2017 / Revised: 5 October 2017 / Accepted: 12 October 2017 / Published: 14 October 2017
(This article belongs to the Special Issue Real Estate Economics, Management and Investments)
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Abstract

Foreign citizens are a more and more significant part of the population of Italian cities and society (8% of the country’s total population), and they contribute to changes in the cultural, social, and economic structure of the country. Our aim was to assess the incidence of the immigrant population on urban house price polarization, as measured using an original indicator: the center-periphery housing price gradient. While there is ample literature on the relationship between average prices and immigrant populations, less research has been conducted on immigration and the housing price gradient on a national scale. This price gradient may indicate whether immigration contributes to changing the residential market, also possibly revealing segregation phenomena. We ran multivariate regressions in several steps on an original dataset of housing prices and socio-economic factors concerning 112 Italian provincial capitals to elucidate whether immigration is correlated with the housing market divide. Our main findings confirmed that larger immigrant populations coincide with steeper housing price gradients on a national scale. Our tests also demonstrated that the relevance of this phenomenon varies for different urban forms, confirming related to housing price dynamics between the cities of northern and southern Italy the relevance of urban density in elucidating. View Full-Text
Keywords: housing market; immigrants; multivariate regression; real estate market; price gradient housing market; immigrants; multivariate regression; real estate market; price gradient
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Antoniucci, V.; Marella, G. Immigrants and the City: The Relevance of Immigration on Housing Price Gradient. Buildings 2017, 7, 91.

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