Land Use, Economic Welfare and Property Values: An Analysis of the Interdependencies of the Real-Estate Market with Zonal and Socio-Economic Variables in the Municipalities of Apulia Region (Italy)

In the paper an analysis of functional correlations of property prices with the main locational and socio-economic variables, which generally contribute to define the market value of properties, has been developed. Locational characteristics are represented by the surfaces of soil used for the main fucntions, borrowing the logic of the system of CORINE Land Cover classification. The analysis has been contextualized to the 258 municipalities of the Apulia region (Southern Italy). The methodology constitutes a valuable reference for the definition of models aimed at supporting public planning decisions and private investment choices.