Don't stand so close to me: The urban impact of immigration

Accetturo, Antonio; Manaresi, Francesco; Mocetti, Sauro; Olivieri, Elisabetta

doi:10.1016/j.regsciurbeco.2014.01.001

Cited by 131 publications

(103 citation statements)

References 19 publications

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“…For these reasons, considering the specific knowledge of the authors about the territorial context of interest, the variable "immigrant population" can certainly be understood also as a "proxy" of the local economic-social conditions. This study represents the very early stage of the research on the relationship between housing prices and immigration, so it is not possible to say whether this correlation depends on the perception that the Italian natives population has of the migratory phenomenon, as is the case in the main Italian cities (in accordance with the study of Accetturo et al [29]) for which a large immigrant population tends to reduce prices or, conversely, because the less spending power of the immigrant population implies that they focus on urban areas that are less well-liked due to poor location characteristics and more degraded buildings.…”

Section: Discussionmentioning

confidence: 83%

“…Finally, it is appropriate to highlight the findings of the study published by the Bank of Italy, "Don't stand so close to me: the urban impacts of immigration" [29], which analysed housing prices in the 20 cities where about one-quarter of the total immigrant population is present.…”

Section: The Housing Market and The Living Conditions Of Immigrants Imentioning

confidence: 99%

“…The hypotheses of the authors [29] are tested through empirical evidence using a data sample, related to the period 2013-2010, of 20 Italian cities, in which about one-quarter of the total immigrant population is concentrated. An increase of 10% of the foreign population in a neighbourhood corresponds to the 1.6% rising of the average housing prices at urban level; the price change is almost nothing in the areas where foreigners are concentrated and the highest in the rest of the city.…”

Section: The Housing Market and The Living Conditions Of Immigrants Imentioning

confidence: 99%

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Immigration and the Housing Market: The Case of Castel Volturno, in Campania Region, Italy

2018

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According to Eurostat, Italy is the fifth country of the European Union per immigrant population. The complexity of the phenomenon, as it has evolved in recent years, leads to analyzing it from a specific point of view, that of the real estate market. The article represents the early stage of research on the housing condition of the immigrant population in the Southern Italy and its effect on the housing market. First, we describe the spatial segregation phenomenon affecting the immigrant population in Campania Region; then we analyze data of the municipality of Castel Volturno, which has one of the greater migratory pressure throughout the whole region. We provide statistical regressions correlating housing prices and socio-economic features from 2006 to 2016. The results confirm the findings of the current literature on the subject: there is a specific phenomenon associated with the presence of an immigrant population residing in conjunction with a reduction of housing prices.

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Section: Discussionmentioning

confidence: 83%

Section: The Housing Market and The Living Conditions Of Immigrants Imentioning

confidence: 99%

Section: The Housing Market and The Living Conditions Of Immigrants Imentioning

confidence: 99%

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Immigration and the Housing Market: The Case of Castel Volturno, in Campania Region, Italy

2018

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“…A handful of papers (Hatton & Tani, 2005;Saiz & Wachter, 2011;Accetturo et al, 2014;Sá, 2015) have in contrast estimated negative impacts of immigration on average house prices, in particular when focusing on small areas. The displacement of (wealthy) natives from these neighbourhoods is the main argument used to explain these negative findings but, except in Sá (2015), this effect has not been directly estimated in the data.…”

Section: Introductionmentioning

confidence: 99%

Decomposing the Impact of Immigration on House Prices

Sanchis-Guarner

2017

SSRN Journal

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An inflow of immigrants into a region impacts house prices in three ways. For a fixed level of local population, housing demand rises due to the increase in foreign-born population. In addition, immigrants can influence native location decisions and induce additional shifts in demand. Finally, changes in housing supply conditions can in turn affect prices. Existing reduced form estimates of the effect of immigration on house prices capture the sum of all these effects. In this paper, I propose a methodology to identify the different channels driving the total effect. I show that, conditional on supply, total changes in housing demand can be decomposed into the sum of direct immigrant demand and indirect demand changes from relocated population. The size and sign of the indirect demand effect depends on the impact of immigration on native mobility. I use Spanish data during the period 2001-2012 to estimate the different elements of the decomposition, applying an instrumental variables strategy to obtain consistent coefficients. The results show that overlooking the impact of immigration on native location induces a sizeable difference between the total and the immigrant demand effects, affecting the interpretation of the estimates.

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“…Town planners have begun to study how cities are changed by the settlement of foreign citizens [3], and labor economics focuses on their influence on the labor market [4,5]. But real estate economics, especially in Europe, has yet to thoroughly analyze how the property market-and the housing market in particular-changes as a result of immigrants making up a growing proportion of the resident population.…”

Section: Introductionmentioning

confidence: 99%

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

Antoniucci

Marella

2017

Buildings

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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.

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Don't stand so close to me: The urban impact of immigration

Cited by 131 publications

References 19 publications

Immigration and the Housing Market: The Case of Castel Volturno, in Campania Region, Italy

Immigration and the Housing Market: The Case of Castel Volturno, in Campania Region, Italy

Decomposing the Impact of Immigration on House Prices

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

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