摘要：The state of land and building markets is, on a local level, a very sensitive gauge of both short- and long-term economic trends. Indeed, the real-estate market is “where” a multiplicity of economic, cultural, social and demographic factors are synthesised with respect to choices regarding the qualitative and locational aspects of a property (Fanning et al. 1994). This synthesis is strongly conditioned by choices in town planning made by the responsible public official. These may have a decisive influence on the amount and distribution of city revenue and connected real-estate market trends (Camagni 1993). Unlike what happens with other goods, the demand and supply of real estate seems to be strongly conditioned by its geographic position and so cannot be analysed independently of its location 2
