IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2023_104.html
   My bibliography  Save this paper

Rising building material prices: impact on residential real estate market

Author

Listed:
  • Paola Amoruso
  • Massimo Mariani
  • Domenico Frascati
  • Francesco d'Ercole

Abstract

After the crisis due to the pandemic, 2022 has generally been characterized by recovery of construction sector; however there has been recorded a constant upward trend in prices of building materials. The Italian government, with the Ministerial Decree of the Ministry of Infrastructure of 12th May 2022, confirms the substantial increase in building prices in the last year in Italy. The main causes of this trend have been identified in particular geopolitical events as the war in Ukraine and the rising cost of energy. In the light of the above, various measures aimed at countering the substantial increase in the materials of construction products have been implemented through various regulatory changes. The present research aims to analyze real estate market behavior characterizing the Italian context relating it to price trend of building materials. The main practical implication of this research is to investigate the variation of house prices, distinguishing new buildings from existing ones, compared to the cost of raw materials, in order to forecast the consequence of geopolitical events on residential market.

Suggested Citation

  • Paola Amoruso & Massimo Mariani & Domenico Frascati & Francesco d'Ercole, 2023. "Rising building material prices: impact on residential real estate market," ERES eres2023_104, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2023_104
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2023-104
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    House Prices; price building materials; real estate; Residential Market;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:arz:wpaper:eres2023_104. 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: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/eressea.html .

    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.