University of Turin

About UniTo
Founded in 1404, the University of Turin is one of the largest and most prestigious Italian universities.
Studying at UniTo
The University of Turin offers a wide choice of study options, including many first and second cycle degree courses.
Research
The University of Turin boasts a remarkable research tradition and is deeply involved in promoting scientific research and innovation.
International relations
A look at the development of international relations at the University of Turin, including double degree programs and many international cooperation agreements.
Services
Take advantage of the numerous resources and services created to help students during their time at the University.
Living in Turin
Enjoy Turin's baroque historical centre and its cultural offering including royal palaces, residences, museums and so on, and benefit from the facilities of a modern city.
Cultural tourism, sports and higher education are just some of the city assets.

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Webinar "Housing Yelds"

10 June 2020

On June 10th, 3:00 pm, Stefano Colonnello (Ca' Foscari University Venice) will hold a webinar on "Housing Yelds". The event is organized by LTI@UniTO and Fondazione Collegio Carlo Alberto.

This paper investigates cross-sectional heterogeneity in residential property prices using rental and sale listings from a large German internet real estate. By matching properties for sale and for rent, we develop a novel price-to-rent ratio measure at the micro-level, with which we examine the determinants of regional variation in the first two moments of the ratio. The ratio strongly co-moves with local demographics, housing supply rigidities, and housing market liquidity. Correlation patterns are broadly in line with a Gordon framework, where differences in the price-to-rent ratio stem from heterogenous expected discount and rent growth rates. However, there remains a puzzling level of idiosyncratic heterogeneity that is inconsistent with existing theories.

For further details:

Collegio Carlo Alberto

Lingue

University of Turin

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Webinar "Housing Yelds"

University of Turin

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