The Assessment of Real Estate Initiatives to Be Included in the Socially-Responsible Funds

The acknowledgment of the ongoing economic and financial crisis involving real estate, creates the need to formulate proposals and scenarios (in real estate) with the characteristics of socially responsible investments. These kind of investments aim towards “sustainable” development both environmentally (safeguarding the shortage of resources such as land, energy, and natural elements), and socially (protecting the population and raising its level of well-being) according to so-called “ethical finance”, instead of a mere “speculative” investment. Effectively, real estate is still an investment sector only marginally explored by the socially-responsible funds. Based on these premises, this paper will: (i) briefly analyze the nature of socially-responsible investments, setting their characteristics apart from “traditional investments”; and (ii) propose a possible procedure (of the multi-criteria type) which aims to assess socially-responsible investments in real estate. This will be applied to a case study regarding a social housing initiative in the municipality of Anguillara Sabazia (Rome, Italy)

A Methodology for the Selection of Multi-Criteria Decision Analysis Methods in Real Estate and Land Management Processes

Real estate and land management are characterised by a complex, elaborate combination of technical, regulatory and governmental factors. In Europe, Public Administrators must address the complex decision-making problems that need to be resolved, while also acting in consideration of the expectations of the different stakeholders involved in settlement transformation. In complex situations (e.g., with different aspects to be considered and multilevel actors involved), decision-making processes are often used to solve multidisciplinary and multidimensional analyses, which support the choices of those who are making the decision. Multi-Criteria Decision Analysis (MCDA) methods are included among the examination and evaluation techniques considered useful by the European Community. Such analyses and techniques are performed using methods, which aim to reach a synthesis of the various forms of input data needed to define decision-making problems of a similar complexity. Thus, one or more of the conclusions reached allow for informed, well thought-out, strategic decisions. According to the technical literature on MCDA, numerous methods are applicable in different decision-making situations, however, advice for selecting the most appropriate for the specific field of application and problem have not been thoroughly investigated. In land and real estate management, numerous queries regarding evaluations often arise. In brief, the objective of this paper is to outline a procedure with which to select the method best suited to the specific queries of evaluation, which commonly arise while addressing decision-making problems. In particular issues of land and real estate management, representing the so-called “settlement sector”. The procedure will follow a theoretical-methodological approach by formulating a taxonomy of the endogenous and exogenous variables of the multi-criteria analysis method

Public initiatives of settlement transformation. A theoretical-methodological approach to selecting tools of multi-criteria decision analysis

In Europe, the operating context in which initiatives of settlement transformation are currently initiated is characterized by a complex, elaborate combination of technical, regulatory and governance-related factors. A similar set of considerations makes it necessary to address the complex decision-making problems to be resolved through multidisciplinary, comparative approaches designed to rationalize the process and treat the elements to be considered in systematic fashion with respect to the range of alternatives available as solutions. Within a context defined in this manner, decision-making processes must often be used to obtain multidisciplinary and multidimensional analyses to support the choices made by the decision-makers. Such analyses are carried out using multi-criteria tools designed to arrive at syntheses of the numerous forms of input data needed to describe decision-making problems of similar complexity, so that one or more outcomes of the synthesis make possible informed, well thought-out, strategic decisions. The technical literature on the topic proposes numerous tools of multi-criteria analysis for application in different decision-making contexts. Still, no specific contributions have been drawn up to date on the approach to take in selecting the tool best suited to providing adequate responses to the queries of evaluation that arise most frequently in the various fields of application, and especially in the settlement sector. The objective of this paper is to propose, by formulating a taxonomy of the endogenous and exogenous variables of tools of multi-criteria analysis, a methodology capable of selecting the tool best suited to the queries of evaluation which arise regarding the chief categories of decision-making problems, and particularly in the settlement sector

IL sistema aeroportuale italiano di secondo livello. Un approccio multicriteriale spaziale per la razionalizzazione del network

General Aviation or second-level flights all over the world and in Italy are increasing in parallel with the main-level air traffic growth. They represent a valid opportunity of transport for short-medium-distance journeys for different type of business and tourist demand instead of rail and road transports. According to the national and international airport forecasts of growth, the paper illustrates a multi-criterial spatial evaluation approach (full-integrated type) for the streamlining of the second-level airport network. The methodology is geared towards formulating strategies for the development of the system based on geographical/spatial analysis. Different evaluation levels aim to verify: the suitability of air-port services and infrastructure and the attractiveness of airport hubs given the territorial facilities. Through the application of the procedure, the existing hubs can be classified considering intrinsic resources and territorial services and the new hubs, possibly required for the construction of an efficient second-level network can be located considering the concentration and localization of existing ones

IL SISTEMA AEROPORTUALE ITALIANO DI SECONDO LIVELLO: UN APPROCCIO MULTICRITERIALE SPAZIALE PER LA RAZIONALIZZAZIONE DEL NETWORK

General Aviation or second-level flights all over the world and in Italy are increasing in parallel with the main-level air traffic growth. They represent a valid opportunity of transport for short-medium-distance journeys for different type of business and tourist demand instead of rail and road transports. According to the national and international airport forecasts of growth, the paper illustrates a multi-criterial spatial evaluation approach (full-integrated type) for the streamlining of the second-level airport network. The methodology is geared towards formulating strategies for the development of the system based on geographical/spatial analysis. Different evaluation levels aim to verify: the suitability of air-port services and infrastructure and the attractiveness of airport hubs given the territorial facilities. Through the application of the procedure, the existing hubs can be classified considering intrinsic resources and territorial services and the new hubs, possibly required for the construction of an efficient second-level network can be located considering the concentration and localization of existing ones. DOI: http://dx.medra.org/10.19254/LaborEst.16.1

IL SISTEMA AEROPORTUALE ITALIANO DI SECONDO LIVELLO: UN APPROCCIO MULTICRITERIALE SPAZIALE PER LA RAZIONALIZZAZIONE DEL NETWORK

General Aviation or second-level flights all over the world and in Italy are increasing in parallel with the main-level air traffic growth. They represent a valid opportunity of transport for short-medium-distance journeys for different type of business and tourist demand instead of rail and road transports. According to the national and international airport forecasts of growth, the paper illustrates a multi-criterial spatial evaluation approach (full-integrated type) for the streamlining of the second-level airport network. The methodology is geared towards formulating strategies for the development of the system based on geographical/spatial analysis. Different evaluation levels aim to verify: the suitability of air-port services and infrastructure and the attractiveness of airport hubs given the territorial facilities. Through the application of the procedure, the existing hubs can be classified considering intrinsic resources and territorial services and the new hubs, possibly required for the construction of an efficient second-level network can be located considering the concentration and localization of existing ones

A multidisciplinary approach to urban fabrics analysis. The historical centre of Valencia

[EN] The themes of reduce, recycle, reuse are at the heart of the challenges that the global society of the XXI century is facing. At the same time, more than two-thirds of the world population lives in cities nominating the latters to play a central role in the near future. For this reason, the search for a methodology for the redevelopment of the historical urban fabrics appears today extremely interesting. Complexity, richness and stratification of the latters make them definitely the most convincing test to set a scientific strategy for the project of urban transformations. But stratification means complexity and complex are the phenomena that characterize the XXI century society. The only convincing way then for the analysis of these phenomena is that of the multi-disciplinarity. The proposed methodology is structured, thus, around a number of disciplines (Urban Morphology, Sustainability, Urban Regulation, Economic Evaluation and Urban Design) on which to set the reading of the urban fabric with special attention to the so called “urban voids” namely all those situations in which the tissue is interrupted due to slumping and demolitions. This aspect is very important because if, on the one hand, it is in these areas where key tissue analysis problems can be seen, on the other hand, it is always from these areas that the main urban, social and economical transformation opportunities can take boot. A Due Diligence of the “urban voids” organised in datasheets/base (for each area) concludes the analysis. The different disciplinary fields work then in a complementary way within a single methodological approach laying the scientific basis for the interventions of urban regeneration within the historic fabric of Valencia.Maretto, M.; Mas Llorens, V.; Alvarez, E.; Gherri, B.; Gomez, C.; Guarini, MR.; Chiovitti, A.... (2018). A multidisciplinary approach to urban fabrics analysis. The historical centre of Valencia. En 24th ISUF International Conference. Book of Papers. Editorial Universitat Politècnica de València. 1371-1378. https://doi.org/10.4995/ISUF2017.2017.5674OCS1371137

Definition of Luxury Dwellings Features for Regulatory Purposes and for Formation of Market Price

In all the world, luxury dwellings represent a specific segment of residential Real Estate market. All Real Estate market operators/observers point out that luxury segment has very different features and trends from the residential market in general, especially in current and ongoing economic crisis. The text shows the results of a Research which verify, with reference to a sample of 30 trades of luxury properties located in the historic center of Rome, presence and relevance of the features, listed by regulations, or that may affect the price formation

Multicriteria Spatial Decision Analysis for the Development of the Italian Minor Airport System

The infrastructures supporting air transport throughout the world in the civil sector are classified as primary-level (large numbers of passengers and goods on both commercial and charter long- and medium-haul flights) and secondary-level (few passengers and goods on general aviation private, short-haul flights). In parallel with primary-level air traffic general growth all over the world and in Italy, the popularity of “individual” nonscheduled general aviation traffic increased in many countries since 1990s. The latter aviation has proved to be a valid alternative to rail and road transport for short-medium distance journeys (100-500 km) for classes of business and tourist passengers. In keeping with the national and international airport system development scenarios, the paper illustrates the results of in-depth analyses aiming to construct an integrated GIS-based Multicriteria Decision Analysis evaluation methodology. It gears towards formulating strategies for the development and streamlining of some existing (51) Italian minor airports and for the right locations for the new hubs required to construct an efficient second-level air transport network (the “highway in the sky”). Different levels of evaluation verify the suitability of airport services and infrastructure (status quo) and the attractiveness of airport hubs given the territorial facilities found in their catchment areas

A model of multi-criteria analysis to develop Italy's minor airport system

In the forecasts related to air traffic in the period 2015-2030, as worldwide as in Italy, is expected a substantial increase in air traffic individual. In Italy, the development and increase of “individual” air traffic is closely linked to the construction of a network of second-level airport infrastructures for civil aviation (minor airports), suitably distributed throughout the national territory, efficient, accessible, interconnected with other means of transport and easy-to-use. A network structured in this way can also contribute to the improvement of the conditions of the context of peripheral areas. The model of multi-criteria analysis proposed is aimed to identify useful elements for supporting the choices needed to redefine Italy’s minor airport system so as to construct a second-level airport infrastructure network (nodes of a so-called “highway in the sky”) integrated with the general airport and infrastructure system and aimed at supporting local sustainable development of the different areas of Italy