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Economic Convenience Judgments among Seismic Risk Mitigation Measures and Regulatory and Fiscal Provisions: The Italian Case

Author

Listed:
  • Serena Artese

    (Department of Environmental Engineering, University of Calabria, 87036 Rende, Italy)

  • Manuela De Ruggiero

    (Department of Environmental Engineering, University of Calabria, 87036 Rende, Italy)

  • Francesca Salvo

    (Department of Environmental Engineering, University of Calabria, 87036 Rende, Italy)

  • Raffaele Zinno

    (Department of Environmental Engineering, University of Calabria, 87036 Rende, Italy)

Abstract

The age of the Italian building heritage has prompted the Government to implement regulatory measures aimed at mitigating the seismic risk, encouraging anti-seismic interventions on residential buildings through specific tax benefits. This work intends to analyze the economic convenience associated with these building transformations from an appraisal perspective, proposing an analysis methodology aimed at evaluating the increase in market value of the transformed properties, and at identifying the most convenient among the various feasible interventions. The application to a case study allows highlighting the net economic benefits in the owners’ portfolios able to compensate the logistical inconveniences associated with this type of intervention, soliciting a greater awareness of seismic risk, and favoring private initiative at a widespread level.

Suggested Citation

  • Serena Artese & Manuela De Ruggiero & Francesca Salvo & Raffaele Zinno, 2021. "Economic Convenience Judgments among Seismic Risk Mitigation Measures and Regulatory and Fiscal Provisions: The Italian Case," Sustainability, MDPI, vol. 13(6), pages 1-25, March.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:6:p:3269-:d:517872
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    References listed on IDEAS

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    1. Fabrizio Battisti & Orazio Campo, 2019. "A Methodology for Determining the Profitability Index of Real Estate Initiatives Involving Public–Private Partnerships. A Case Study: The Integrated Intervention Programs in Rome," Sustainability, MDPI, vol. 11(5), pages 1-22, March.
    2. Natale Arcuri & Manuela De Ruggiero & Francesca Salvo & Raffaele Zinno, 2020. "Automated Valuation Methods through the Cost Approach in a BIM and GIS Integration Framework for Smart City Appraisals," Sustainability, MDPI, vol. 12(18), pages 1-16, September.
    3. Mark G. Dotzour & Terry V. Grissom & Crocker H. Liu & Thomas Pearson, 1990. "Highest and Best Use: The Evolving Paradigm," Journal of Real Estate Research, American Real Estate Society, vol. 5(1), pages 17-32.
    4. Peter F. Colwell & Roger E. Cannaday & Chunchi Wu, 1983. "The Analytical Foundations of Adjustment Grid Methods," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 11(1), pages 11-29, March.
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