IDEAS home Printed from https://ideas.repec.org/a/eee/regeco/v112y2025ics0166046225000122.html
   My bibliography  Save this article

Bridging policy and prices: Causal evidence of housing renovation subsidies on property values in Italy

Author

Listed:
  • Crispino, Marta
  • Loberto, Michele

Abstract

This paper investigates the impact of a government renovation subsidy program on housing prices, with a focus on the Italian region of Piemonte. We exploit a spatial discontinuity in the eligibility criteria for a tax credit targeting anti-seismic renovations and employ a difference-in-differences methodology to assess the policy’s effects. Our findings show that prices of apartments eligible for the subsidy increased by 3.2 percent more compared to those of ineligible properties. This increase rises to 11.2 percent when considering only single-family detached homes.

Suggested Citation

  • Crispino, Marta & Loberto, Michele, 2025. "Bridging policy and prices: Causal evidence of housing renovation subsidies on property values in Italy," Regional Science and Urban Economics, Elsevier, vol. 112(C).
    • Handle: RePEc:eee:regeco:v:112:y:2025:i:c:s0166046225000122
    DOI: 10.1016/j.regsciurbeco.2025.104095
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0166046225000122
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.regsciurbeco.2025.104095?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Government subsidies; Capitalization; Housing prices;
    All these keywords.

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:regeco:v:112:y:2025:i:c:s0166046225000122. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/regec .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.