Abstract
In the collective imagination there are masterminds speculating on real estate and so defining the “price of the buildings” in a sort of transposition in reality of Hands over the city plot. Although it is not the case, the distribution of prices in the contemporary city is a big deal for policy-makers and urban planners as well. Especially in metropolitan areas, where polarization of services is needed, the high complexity of urban scenarios makes the prediction of price variation due to change in the morphology or in the offer of services (for example in transportation and accessibility) very unreliable, despite of the success of policy and planning actions is strictly related to its control. This paper, moving in this perspective, points out some evidences on the relationships between the quali-quantitative structure of the city and the fluctuation of real estate prices with reference to house market, under the idea of investigating what is the role of urban railway stations.
As a matter of fact, railway stations are nodes of the transport network as well places of the urban environment whose big impact on accessibility in the city and the corresponding contribution in the definition of property values is very intuitive. The findings on the effects of railway stations on property values are mixed, since they vary on magnitude and direction.
This paper focuses on the comparison of the impact of urban railway stations on the residential estate property values as well on the structure of the city in itself, grasped in terms of configurational state. To this aim, the paper proposes a case study, evaluating how the correlation among configurational indexes and residential values distribution varies with and without the presence of the railway system.
The main findings of the work make to arise a marginal or negative impact of the railway system, so as to promote the idea that other factors dominates the change in local property values around railway stations. Finally, the authors proposes the integration of ontologies and configurational analysis to define a methodological framework able to explain the state of residential estate market.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsReferences
Agenzia Campana per la Mobilitá Sostenibile: Piano di riprogrammazione dei servizi di trasporto pubblico locale. Technical report (2013)
Alonso, W.: Location and Land Use. Harvard University Press, Cambridge (1964)
Barry, C.L.: Document representations and clues to document relevance. J. Am. Soc. Inf. Sci. 49(14), 1293–1303 (1998). https://doi.org/10.1002/(SICI)1097-4571(1998)49:14<1293::AID-ASI7>3.3.CO;2-5
Bateman, J., Farrar, S.: Towards a generic foundation for spatial ontology. In: Proceedings of the 3rd International Conference on FOIS 2004, pp. 237–248 (2004)
Bertolini, L., Spit, T.: Cities on Rails The redevelopment of Railway Station Areas. E & FN Spon, London (1998)
Borsa Immobiliare di Napoli: Listino Ufficiale della Borsa Immobiliare di Napoli. Technical report (2011). http://www.binapoli.it/listino/intro.asp
Caldarola, E.G., Di Pinto, V., Rinaldi, A.M.: The use of configurational analysis in the evaluation of real estate dynamics. In: Sforza, A., Sterle, C. (eds.) ODS 2017. SPMS, vol. 217, pp. 83–92. Springer, Cham (2017). https://doi.org/10.1007/978-3-319-67308-0_9
Caldarola, E.G., Rinaldi, A.M.: A multi-strategy approach for ontology reuse through matching and integration techniques. Adv. Intell. Syst. Comput. 561, 63–90 (2018)
Cataldo, A., Cutini, V., Di Pinto, V., Rinaldi, A.M.: Subjectivity and objectivity in urban knowledge representation. In: Proceedings of the International Conference on Knowledge Discovery and Information Retrieval (KDIR-2014), pp. 411–417. Scitepress (2014)
Cataldo, A., Di Pinto, V., Rinaldi, A.M.: A methodological approach to integrate ontology and configurational analysis. In: Murgante, B., et al. (eds.) ICCSA 2014. LNCS, vol. 8580, pp. 693–708. Springer, Cham (2014). https://doi.org/10.1007/978-3-319-09129-7_50
Cataldo, A., Di Pinto, V., Rinaldi, A.M.: Representing and sharing spatial knowledge using configurational ontology. Int. J. Bus. Intell. Data Min. 10(2), 123–151 (2015)
Cataldo, A., Rinaldi, A.M.: An ontological approach to represent knowledge in territorial planning science. Comput. Environ. Urban Syst. 34(2), 117–132 (2010)
Chiaradia, A., Hillier, B., Barnes, Y., Schwander, C.: Residential property value patterns. In: Proceedings of the 7th International Space Syntax Symposium, pp. 015:1–015:12. KTH, Stockholm, SVE (2009)
Clancey, W.J.: The knowledge level reinterpreted: modelling socio-technical systems. Int. J. Intell. Syst. 8, 33–49 (1993)
Comune di Napoli: Piano generale del traffico urbano. Aggiornamento 2002–2004. Technical report (2002)
Cutini, V., Di Pinto, V.: Urban network per il masterplanning strategico nelle grandi aree urbane. configurazione spaziale e rendita fondiaria. Urbanistica Dossier (13), 426–432 (2017)
Debrezion, G., Pels, A.J., Rietveld, P.: The impact of rail transport on real estate prices: An empirical analysis of the dutch housing market. Technical report, Rotterdam (2006). https://doi.org/10.2139/ssrn.895270
Di Pinto, V.: C come Paesaggio. Analisi configurazionale e paesaggio urbano. Liguori editore, Napoli (2018)
Di Pinto, V., Rinaldi, A.M.: A configurational approach based on geographic information systems to support decision-making process in real estate domain. Soft. Comput. 23(9), 2853–2862 (2018). https://doi.org/10.1007/s00500-018-3142-9
Di Pinto, V., Rinaldi, A.M.: Big data. towards an approach to integrate subjectivity and objectivity in representing and managing data to support decision making in urban planning domain. In: Di Pinto, V. (ed.) Decision making in urban and territorial Planning. Maggioli Editore, Santarcangelo di Romagna (Italy) (2020)
Eco, U.: La struttura assente. La ricerca semiotica e il metodo strumentale. Bompiani, Milano, Italy (1968)
ESRI: Arcgis desktop - version 10.3.1 (2015)
Fejarang, R.A.: Impact on property values: A study of the Los Angeles metro rail. In: Public transport planning and operations. Proceedings of seminar h held at the European transport, highways and planning 21st summer annual meeting. pp. 27–41. Transport Research Laboratory (1994)
Freeman, L.: Centrality in social networks conceptual clarification. Soci. Networks 1, 215–239 (1978)
Gil, J.: Integrating public transport networks in the axial model. In: Proceedings of the 8th International Space Syntax Symposium. pp. 8103:1–8103:21. PUC, Santiago de Chile, RCH (2012)
Gil, J.: Urban Modality - Modelling and evaluating the sustainable mobility of urban areas in the city-region. A+BE — Architecture and the Built Environment (2016)
Gruber, T.R.: A translation approach to portable ontology specifications. Knowl. Acquis. 5(2), 199–220 (1993). https://doi.org/10.1006/knac.1993.1008
Harter, S.P.: Psychological relevance and information science. J. Am. Soc. Inf. Sci. 43(9), 602–615 (1992)
Hillier, B., Penn, A., Hanson, J., Grajewski, T., Xu, J.: Natural movement: or, configuration and attraction in urban pedestrian movement. Environ. Plan. 20(1), 29–66 (1993). https://doi.org/10.1068/b200029
Hillier, B.: Space is the Machine. Cambridge University Press, Cambridge (1996)
Hillier, B., Hanson, J.: The Social Logic of Space. Cambridge University Press, Cambridge (1984)
Janowicz, K., Scheider, S., Adams, B.: A geo-semantics flyby. In: Rudolph, S., Gottlob, G., Horrocks, I., van Harmelen, F. (eds.) Reasoning Web 2013. LNCS, vol. 8067, pp. 230–250. Springer, Heidelberg (2013). https://doi.org/10.1007/978-3-642-39784-4_6
Matthews, J., Turnbull, G.: Neighborhood street layout and property value: the interaction of accessibility and land use mix. J. Real Estate Fin. Econ. 35, 111–141 (2007)
Muth, R.: Cities and Housing. University of Chicago Press, Chicago (1969)
Neches, R., et al.: Enabling technology for knowledge sharing. AI Mag. 12(3), 36–56 (1991)
Nutter, J.T.: Epistemology. In: Shapiro, S. (ed.) Encyclopedia of Artificial Intelligence. John WyleyS (1998)
Park, T.: The nature of relevance in information retrieval: an empirical study. Library Quarterly 63(3), 318–351 (1993)
Porta, S., Crucitti, P., Latora, V.: The network analysis of urban streets: a dual approach. Phys. A 369(2), 853–866 (2006)
Rinaldi, A.M., Russo, C.: A matching framework for multimedia data integration using semantics and ontologies. In: Proceedings - 12th IEEE International Conference on Semantic Computing, ICSC 2018, vol. 2018-January, pp. 363–368 (2018)
Rinaldi, A.M., Russo, C.: A semantic-based model to represent multimedia big data. In: MEDES 2018–10th International Conference on Management of Digital EcoSystems, pp. 31–38 (2018)
Sabidussi, G.: The centrality index of a graph. Psychometrika 31, 581–603 (1966). https://doi.org/10.1007/BF02289527
Swanson, D.: Subjective versus objective relevance in bibliographic retrieval systems. Lib. Quart. 56(4), 389–398 (1986)
Turner, A.: Angular analysis: a method for the qualification of space. Technical report (2000)
Turner, A.: Angular analysis. In: Proceedings of the 3rd International Space Syntax Symposium (2001)
Vakkari, P., Hakala, N.: Changes in relevance criteria and problem stages in task performance. J. Doc. 56(5), 389–398 (2000)
Varoudis, T.: DepthmapX - multi-platform spatial network analyses software - version 0.50 (2015). http://archtech.gr/varoudis/depthmapX/
Varoudis, T.: DepthmapXnet - version 0.35. http://archtech.gr/varoudis/depthmapX/?dir=depthmapXnet (2017)
Vaughan, L.: The spatial syntax of urban segregation. Prog. Plann. 67, 205–294 (2007)
Von Thünen, J.H.: Der Isolierte staat in Beziehung auf Landwirschaft and nationalökonomie. Pflaum, Münich (1863)
Wingo, L.: Transportation and Urban Land. Resources for the Future (1961)
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2020 Springer Nature Switzerland AG
About this paper
Cite this paper
Di Pinto, V., Rinaldi, A.M. (2020). The Quali-Quantitative Structure of the City and the Residential Estate Market: Some Evidences. In: Gervasi, O., et al. Computational Science and Its Applications – ICCSA 2020. ICCSA 2020. Lecture Notes in Computer Science(), vol 12251. Springer, Cham. https://doi.org/10.1007/978-3-030-58808-3_23
Download citation
DOI: https://doi.org/10.1007/978-3-030-58808-3_23
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-58807-6
Online ISBN: 978-3-030-58808-3
eBook Packages: Computer ScienceComputer Science (R0)