A Methodological Approach for the Analysis of the Effects of Polluting Industrial Sites on the Real Estate Market

Urban areas with industrial sites face challenges related to their negative environmental and community impacts, as well as the economic implications of these issues. In fact, these challenges may influence the behavior of residents with respect to their housing choices, generating broader effects on real estate market dynamics. Understanding the impact that the presence of polluting sites has on real estate prices is critical to allow decision makers to make informed choices in complex situations affected by the influence of these sites. The purpose of this work is to define a methodological approach for investigating the relationships between the presence of polluting sites and the real estate market. The proposed approach constitutes a valid reference for the market analysis in order to develop effective assessments of the interventions to be carried out on the territory.