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September 10, 2025Journal of European real estate research

From peaks to prices: the economic impact of natural amenities on alpine real estate values

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Authors

CPCarolina Bonardi PellizzariLELuisa Eusse-VillaCFCristiano FranceschinisUniversity of Padua

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Implication

This analysis demonstrates the influence of climate and natural amenities on house prices in alpine regions, suggesting a need for sustainable tourism strategies.

Key Points

  • Higher winter temperatures significantly decrease property prices, indicating a preference for reliable winter sports conditions.
  • Increased forest cover negatively impacts prices, reflecting a demand for traditional alpine landscapes with scenic views.
  • Energy-efficient dwellings command higher prices, showcasing their increasing market value in the context of environmental awareness.
  • Combining hedonic and spatial models helps capture spatial dependencies, improving the accuracy of property price estimates.

Cite This Study

Pellizzari et al. (2025) studied this question.

synapsesocial.com/papers/68c189e79b7b07f3a0613cd1https://doi.org/10.1108/jerer-02-2025-0033
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