1,721,071 research outputs found
Preface
No full textThe book aims at being an opportunity for further insights and discussions among the real-world decision makers, stakeholders and scholars, in order to stimulate ideas and reflections on which the debate, the future research and the consequent applications can be addressed
Appraisal and Evaluation in the Production of Works for the Transformation of the Contemporary City
No full textAppraisal and Valuation: Contemporary Issues and New Frontiers
No full textTimes are running fast, and with them the issues to which the Appraisal and the Economic Valuation are applied. Several reasons related to the current economic crisis, the high cyclical nature of the real estate market, the scarce availability of financial resources, the complexity of the decision-making contexts, require, both in the public and in the private fields, the widespread use of the Appraisal and the Economic Valuation. Appraisal and Economic Valuation, as a scientific discipline, concerns the methodological and operational principles for properties values and costs assessment, investments’ feasibility analysis, decision support tools definition, public and private real estate assets’ enhancement, forecast of the effects generated by the territorial initiatives on society and natural resources through monetary and qualitative approaches. Due to their cross-sectoral nature, the Appraisal and the Economic Valuation is able to interact with the other disciplines at different scales, to integrate the economic, legal, social, cultural and environmental skills, as well as to play as one of the leading sectors in the training, research and professional practice of Architects and Engineers. The Italian Society of Appraisal and Valuation (SIEV), a scientific organization that gathers professors, scholars and professional technicians working in the appraisal field, supports and spreads the culture of the Appraisal and Valuation through conferences, training and research activities, scientific publications, collaborations with public and private stakeholders (www.siev.org). In the outlined framework, this book features a selection of the best papers presented at two SIEV Conferences, held in Milan (2017) and in Bari (2018), concerning appraisal issues from different geographic and socio-economic contexts. The volume, divided into three main Sections, collects the reflections of the scholars on the transversal and trait d’union role of the Appraisal and the Economic Valuation with the other disciplinary fields, explaining and deepening the main theoretical and practical issues that arise in relation with the following areas: (1) Territory and Urban Planning; (2) Real Estate Assets and Construction Building Process; (3) Real Estate Finance and Property Management. Given the dual nature of the Appraisal and the Economic Valuation, characterized by a robust methodological structure and at the same time a practical attitude, the papers present a theoretical session, with the proposal of a methodological framework, and its application to a case study. The book aims at being an opportunity for further insights and discussions among the real-world decision makers, stakeholders and scholars, in order to stimulate ideas and reflections on which the debate, the future research and the consequent applications can be addressed
Optimal Design in Energy Retrofit Interventions on Building Stocks: A Decision Support System
No full textDuring the last years, a growing interest has pivoted around strategies and methodologies for energy efficiency in buildings. Nevertheless, the attention has always been primarily directed to single properties, while the scientific research still lacks in solutions for building portfolios. Assets owners, instead, would require reliable decision-support systems in order to implement the most effective retrofit solutions. Hence, this study intends to elaborate a process to identify the optimal allocation of financial resources for energy enhancements in large building portfolios. Some novelties characterize this research. First, the approach developed covers each aspect of energy retrofits, from energy consumption assessment to on-site construction and management. Second, the level of detail requested is not excessively burdensome, ensuring good reliability. Third, the approach is interdisciplinary, connecting energy forecast techniques, economic analyses with operational research. The method developed has been implemented on a portfolio of 25 buildings in North Italy for testing and validation. It was possible to compare several design alternatives and reach for the best outcome, which demonstrated how this decision support system could be successfully used for real applications
New bottom-up approaches to enhance public real/estate property
No full textThe economic enhancement of public real/estate property has become a central theme in Italy. In recent years, public policies have been focusing on the supply-side of the real estate market, assuming that investors and developers could handle the value creation process of the abandoned and underused public real/estate property. More recently, with the decline of the investors’ demand to develop public real-estate assets, new approaches to property-value creation have emerged. These new processes are focused on the demand side, through self-organized grass-roots participation using the assets for profit and not-for-profit purposes. The aim of the paper is to pinpoint some crucial conditions for these bottom-up processes to be effective through the analysis of fifteen bottom-up experiences in Italy. Five conditions emerged to reliably predict a fruitful outcome of bottom-up value-creation processes of abandoned or under- used public assets
To Buy or Rent to Buy? Appraisal Questions
No full textThe paper aims to discuss the new typology of the Rent to Buy contract from an appraisal perspective. Starting from the analysis of the contractual typologies alternative to the traditional property sale, the paper analyzes the Rent to Buy formula, with particular reference to the definition of the Discounted Cash Flow terms. The study prefigures the use of the real estate market cycles when defining the terms of the contract, in order to increase confidence in the use of this interesting contractual form
Valuation of historical, cultural and environmental resources, between traditional approaches and future perspectives
No full textIn the field of economics, assessments involve the consideration of the complex market relationships that directly affect economic goods, often having to consider also the possibilities of recovery, reuse, or land transformation. Financial and economic assessments mainly concern investment decisions finalized to the allocation of private and public resources. Multidimensional assessments rationalize the choices driven by conflicting criteria and objectives. The aim of the paper is to highlight the specificities of various types of assessments that have as object HCERs and, at the same time, we want to identify some correspondences between these aspects of the past and the future perspectives highlighted by the encyclical letter “Praise Be to You” of the Holy Father Francis “on care for our common home”. First, the characteristics of HCERs and the purposes that motivate their assessment are examined. Finally, a brief critical analysis about the various types of HCERs assessment was presented
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