Abstract

The present paper analyses the assessment techniques of real estate units included in homogeneous areas, whose price falls within a fixed interval. The study applies well established spatial econometric techniques to combine demographic studies with the analysis of real estate pricing (hedonic pricing). Empirical evidence on five Italian cities (Milan, Genoa, Florence, Rome and Naples) points out that, independently form the characteristics of each city, homogeneous areas add a further level of detail in the interpretation of the temporal and individual characteristics influencing the real estate prices.