The Impacts in Real Estate of Landscape Values: Evidence from Tuscany (Italy)

Using spatial econometric techniques and local statistics, this study explores the relationships between real estate values in Tuscany with individual perception of satisfaction by landscape types. The analysis includes usual territorial variables such as proximity to urban centres roads. are measured through a sample respondents who expressed their aesthetic-visual perceptions different types land use. Results from multivariate Geary highlight that house prices not independent included there is mainly positive correlation. Specifically, findings demonstrate significant dependence prices. aesthetic influence price throughout more indirect effect rather than direct effect. Practically, specific areas influenced aspects essential services. results seem show live close highly environments these environments. relating distance main roads, however, counterintuitive. This result probably depends on evidence suffer greater traffic jam or pollution they preferred for alternative uses locating industrial plants big shopping residential Therefore, effects decrease