Spatio-temporal dynamics of housing prices in Iasi, in the period 1990-2010

Abstract

This study addresses the complex issues of urban changes and provides an experimental methodology applicable to the market value of residential properties in Iasi during the period 1990-2010. This study identifies the differentiation factors and tries to determine their influence on the market value of residential properties in the data about apartments and their adjustment at the conditions of the city. Estate value reflects not only the intrinsic characteristics of housings, but also the places’ assets, assessed and collected at different scales (position within the city, neighbourhood characteristics and value of street). Trend in the evolution price represent a determining factor of social sorting, that take place in the urban core of the city. In the context of a steady increase in the houses prices since 1990, have made profiles of increasing estate market trends and modelling of the influence of differentiation on sizing housing prices in the neighbourhoods of the city of Iasi, resulting in gaps with different values. The general trends show a homogenization, a decreasing centre-periphery gradient, although some neighbourhoods offer contrasting images of their development.