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Article

A Feasibility Analysis of The Refurbishment Investments in The Italian Residential Market

1
Department of Civil Engineering Sciences and Architecture, Polytechnic University of Bari, Via Orabona 4, 70125 Bari, Italy
2
Department of Architecture and Design, Sapienza University of Rome, Via Flaminia 359, 00196 Rome, Italy
*
Author to whom correspondence should be addressed.
Sustainability 2020, 12(6), 2503; https://doi.org/10.3390/su12062503
Received: 24 February 2020 / Revised: 15 March 2020 / Accepted: 20 March 2020 / Published: 23 March 2020
(This article belongs to the Special Issue Urban Economics, City Development and Future Social Challenges)
In the present research the financial convenience of refurbishment investments concerning residential properties located in the Italian territory was analyzed. The study aimed at determining the unit profit range for a potential investor deriving from the refurbishment of residential properties and contextualizing the analysis to the Italian provincial capitals. With reference to the three macro-areas that for geographic and socio-economic differences define the Italian territory, namely the North, Center, South and Islands, three financial convenience maps were elaborated with the aim of providing a useful support in the investment choices of private and public operators. In particular, the financial convenience maps could guide the private operators in their investment decisions through a higher awareness of the achievable earnings and could help to identify the optimal allocation of financial resources due to the increase in the market value of the refurbished property. For the public administrations, instead, the study will be a useful reference for the calibration of the fiscal policy decisions regarding the incentives for building refurbishment at the different territorial scales and of the tax revenues related to the increase in the market value of the refurbished properties. View Full-Text
Keywords: refurbishment; restructuring costs; econometric methods; residential properties; market value; financial convenience maps refurbishment; restructuring costs; econometric methods; residential properties; market value; financial convenience maps
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MDPI and ACS Style

Morano, P.; Tajani, F.; Di Liddo, F.; Anelli, D. A Feasibility Analysis of The Refurbishment Investments in The Italian Residential Market. Sustainability 2020, 12, 2503. https://doi.org/10.3390/su12062503

AMA Style

Morano P, Tajani F, Di Liddo F, Anelli D. A Feasibility Analysis of The Refurbishment Investments in The Italian Residential Market. Sustainability. 2020; 12(6):2503. https://doi.org/10.3390/su12062503

Chicago/Turabian Style

Morano, Pierluigi, Francesco Tajani, Felicia Di Liddo, and Debora Anelli. 2020. "A Feasibility Analysis of The Refurbishment Investments in The Italian Residential Market" Sustainability 12, no. 6: 2503. https://doi.org/10.3390/su12062503

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