The Effects of Covid-19 Pandemic on the Housing Market: A Case Study in Rome (Italy)

The present study is part of a wider research line focused on the analysis of the effects caused by the pandemic of the Coronavirus disease (Covid-19) on the Italian residential property market. The paper aims to propose a methodology for the assessment of the effects of this abnormal event on the housing price mechanisms. The research could be an operational support for the Public Administration and private investors in their decision making processes. In particular, with reference to the city of Rome (Italy), two datasets of residential properties have been collected and processed through an econometric technique, in order to identify the variations occurred in terms of market appreciation for specific housing factors. The outputs highlight changes in market demand concerning a preference for outdoor spaces, both condominiums and private (terraces and balconies) and for properties located in peripheral areas of the city.