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Seeking for Connections among Real Estate Economy, Social Value, and Identity inside the Districts of Manhattan
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Author(s): Carmelo Maria Torre (Polytechnic of Bari, Italy)and Palma R. Oliva (Polytechnic of Bari, Italy)
Copyright: 2013
Pages: 10
Source title:
Geographic Information Analysis for Sustainable Development and Economic Planning: New Technologies
Source Author(s)/Editor(s): Giuseppe Borruso (University of Trieste, Italy), Stefania Bertazzon (University of Calgary, Canada), Andrea Favretto (University of Trieste, Italy), Beniamino Murgante (University of Basilicata, Italy)and Carmelo Maria Torre (Polytechnic of Bari, Italy)
DOI: 10.4018/978-1-4666-1924-1.ch022
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Abstract
The chapter tells about a procedure for investigating the coherence of the relationship between a “wide” mean of distance and the geography of real estate value. Many authors consider that real estate value can depend on distance from some reference point, and its variation can be linear. Such conviction leads to the use of geostatistical approaches based on kriging techniques. At the same time, the literature teaches that the market shows a higher value where several amenities are coexisting. But in those urban realities where the number of central points and the number of amenities is high, the complexity does not support the construction of models, and this complexity leads to a different concept of identity as synthesis of distance, borders, and concentration. The use of fuzzy cluster can support the analysis. This chapter gives a brief example about how this works in the case of New York core.
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