An Application of the Market Comparison Approach for Assessing the Natural Component Incidence on the Housing Prices

The technological and industrial development impacts on the climate and natural environment leading the European Commission to promote strategic actions aimed at (i) reducing the amount of permeable surface area, and (ii) increasing the presence of green areas in urbanised contexts. With reference to a residential properties sold in the local real estate market in the first half of 2019 and located in a specific municipal trade area of the Rome city in Italy, the work aims to determine the average incidence of the natural component on housing prices. In particular, the determination of the incidence of the considered set of variables is assessed through the Market Comparison Approach application which, due to its simplicity of use, is well suited to be adopted by evaluators for assessing and testing importance of including the green elements in the built environment and the achievement of the sustainable goals set by the Agenda 2030.