Housing prices: an analysis of the dynamics of italian market development
Considering the time series of house prices at regional level in this article we present a study on the dynamics of house prices in Italy at both short and long term.
In the short run, we analyse real house price appreciation in order to investigate the existence of a common national impact, a city specific fixed effects and the persistence parameters with the aim to investigate co-movements among the regional time series.
For the long run, we propose a preliminary analysis on the existence of a “convergence” process among Italian regional house prices series.