IL PATRIMONIO IMMOBILIARE PUBBLICO IN ITALIA: DALLA DISMISSIONE ALLA VALORIZZAZIONE. EVOLUZIONE DELLA NORMATIVA E PROSPETTIVE FUTURE

The management of the public real estate has represented a relevant issue for the legislator since the unification of Italy. It has been for several years the core of political debates having a direct impact on national economy. This paper intends to collect the legislative proceedings and political guidelines adopted regarding the decommissioning and valorisation of public real estate assets revealing the prevailing characters that guided legislative interventions. Over time, a significant regulatory layering has taken place overloading the bureaucratic procedures leading to a slowdown in the valorisation processes. The paper suggests the adoption of unified and structured protocols capable of rapidly implementing the most suitable valorisation strategies

UNA PRIMA RIFLESSIONE SUGLI ESITI DELLA RICOSTRUZIONE POST-SISMICA ABRUZZESE

The dilapidation of building stock that has come to characterise the hillside and mountainous settlements of the region of Abruzzo in recent decades is a sign of forms of economic decline and negative demographic trends. In this situation, it is difficult to imagine occasions for a turn in events triggered by endogenous forces; instead, there is a sense of the need for public intervention and targeted economic-social policies. Indeed, in settlements lacking important resources for tourism and/or infrastructures for winter sports, it is very difficult to imagine their recovery through interventions entrusted solely to the market: often negligible property values suggest the inconvenience of any building requalification project in relation to asset or income-based objectives of valorisation. The reconstruction process put into place after the 2009 earthquake could have been interpreted and implemented within a vaster programme of interventions based on clear and defined strategic capable of guaranteeing prospects for the long-term relaunching and development of damaged areas. The initial idea behind the Reconstruction Plans appeared to confirm a similar approach. In reality, reconstruction is proceeding as a simple programme of building recovery. The paper develops this thesis by attempting to demonstrate how after a decade later the 2009 earthquake, the funding provided to date has not produced particularly relevant effects on local economics and demographics

Real Estate Values and Urban Quality: A Multiple Linear Regression Model for Defining an Urban Quality Index

Urban quality, real estate values and property taxation are different factors that participate in defining how a city is governed. Real estate values are largely determined by the characteristics of urban environments in which properties are located and, thus, by quality of the location. Beginning with these considerations, this paper explores the theme of urban quality through a study of property values that seeks to define all physical (and thus measurable) characteristics that participate in defining urban quality. For this purpose, a multiple linear regression model was developed for reading the residential real estate market in the city of Pescara (Italy). In addition to the intrinsic characteristics of a property (floor area, period of construction/renovation, level, building typology and presence of a garage), input also included extrinsic data represented by the Urban Quality Index. Scientific literature on this theme tells us that many independent variables influence real estate prices, although all are linked to a set of intrinsic characteristics (property-specific) and to a set of extrinsic characteristics (specific to the urban context in which the property is located) and, thus, to the quality of urban environments. The index developed was produced by the analytical and simultaneous reading of four macrosystems with the greatest impact on urban quality: environment, infrastructure, settlement and services (each with its own subsystems). The results obtained made it possible to redefine proportional ratios between various parts of the city of Pescara, based on a specific Urban Quality Index, and to recalculate market property values used to calculate taxes in an attempt to resolve the inequality that persists in this field

Real Estate Values and Urban Quality: A Multiple Linear Regression Model for Defining an Urban Quality Index

Urban quality, real estate values and property taxation are different factors that participate in defining how a city is governed. Real estate values are largely determined by the characteristics of urban environments in which properties are located and, thus, by quality of the location. Beginning with these considerations, this paper explores the theme of urban quality through a study of property values that seeks to define all physical (and thus measurable) characteristics that participate in defining urban quality. For this purpose, a multiple linear regression model was developed for reading the residential real estate market in the city of Pescara (Italy). In addition to the intrinsic characteristics of a property (floor area, period of construction/renovation, level, building typology and presence of a garage), input also included extrinsic data represented by the Urban Quality Index. Scientific literature on this theme tells us that many independent variables influence real estate prices, although all are linked to a set of intrinsic characteristics (property-specific) and to a set of extrinsic characteristics (specific to the urban context in which the property is located) and, thus, to the quality of urban environments. The index developed was produced by the analytical and simultaneous reading of four macrosystems with the greatest impact on urban quality: environment, infrastructure, settlement and services (each with its own subsystems). The results obtained made it possible to redefine proportional ratios between various parts of the city of Pescara, based on a specific Urban Quality Index, and to recalculate market property values used to calculate taxes in an attempt to resolve the inequality that persists in this field