Search results for "Land property market"

An integrated analysis of land market in an inland area of Sicily

2013

In this study a land market analysis of the 22,000 hectares covered by Corleone town area for the 2007-2012 period was carried out. Data on 372 sales agreements concerning agricultural and building land were directly collected from notaries' offices. Over 50% of land sales concerned land areas below 0.50 hectares, whereas just 1% of the overall land sold was larger than 10 hectares. Nearly 75% of sample observations were represented by land sales smaller than 1 hectare. The average land area per purchase was just over 1 hectare. The overall money exchanged in the whole period amounted to nearly 6 million euro, with an average price per sale equal to 16,339.45 (sic), and an average unitary p…