Property Values and Dynamics in Residential Submarkets. The Influence of University Campuses in Turin

The growing attention to university campuses and student residences has spurred interest in analyzing their impact on residential real estate markets. Despite efforts under the National Recovery and Resilience Plan, Italy did not meet the 2022 European target of creating 7,500 new student beds but aims to reach 60,000 by 2026. The student population’s demand for both student housing and residential apartments is significant, with some urban contexts experiencing accelerated changes and urban regeneration processes. This demand has led to increased commercial offerings, services, and cultural centers, driving up property values and influencing new property purchase trends, partly due to the SARS-CoV-2 pandemic. Recent demand has shifted towards larger apartments with home office spaces and outdoor areas while investors have focused on smaller units for short-term rentals or temporary housing. These trends impact both rental and sales markets. This study examines the relationship between new or established university campuses and residential real estate dynamics in Turin. Using classical methods of Kriging Regression (KR) for spatial price estimation, it assesses how university campuses have influenced property values over the past 10 years (2014–2024). Initial findings highlight varied impacts across submarkets, influenced by both university presence and other urban developments. Understanding these dynamics is crucial for guiding local policies and investments.