The Assessment of Damages to Scientific Building: The Case of the “Science Centre” Museum in Naples, Italy

2014 ◽  
Vol 1030-1032 ◽  
pp. 889-895 ◽  
Author(s):  
Vincenzo del Giudice ◽  
Francesca Torrieri ◽  
Pierfrancesco de Paola
Keyword(s):  
Real Estate ◽  
Methodological Approach ◽  
Status Quo ◽  
The Real Estate ◽  
Science Centre ◽  
The Status ◽  
Component Approach ◽  
The Cost ◽  
Real Estate Assets ◽  
The City

The present paper presents the results of a study on the assessment of the damages caused by the arson that in March 2013 severely damaged the building of the "Science Centre" museum located in the western part of the city of Naples. The case is contextualized in the broader thematic of the evaluation of damages caused by intentional events to real estate assets. The peculiarity of the case under analysis appears particularly interesting both for the extend of damages caused by the fire and the methodological approach to be adopted for the “quantum” determination. The model implemented is based on the cost approach criterion, considering the physical and technological depreciation in the “status quo ante” the event. In particular, we will test a “functional component” approach to determine the depreciation function for each component due to the specificity of the scientific building under analysis. The results of the study confirmed that the proposed approach appears to be adequate to estimate the damage to the real estate assets, managing to capture the different components that contribute to determining the market value of the property at hand.

scholarly journals EVALUATION AND DEPRECIATION ANALISYS OF THE IMMOBILE MARKET VALUE IN THE CITY OF CODÓ-MA.

2021 ◽  
Vol 9 (10) ◽  
pp. 312-332
Author(s):  
Yudson Samuel Vasconcelos Lima ◽  
Lucas Willian Braga Silva ◽  
Wellington Campos dos Santos ◽  
Paulo Ricardo Alves dos Reis Santos ◽  
Jefferson de Brito Sousa ◽  
...  
Keyword(s):  
Real Estate ◽  
Statistical Inference ◽  
Statistical Treatment ◽  
Market Value ◽  
Real Estate Market ◽  
The Real Estate ◽  
Construction Companies ◽  
The One ◽  
The Cost ◽  
The City

Due to the heterogeneity of the real estate market and its peculiarities, it is not always possible to develop a single model that is totally faithful and representative of the market reality, thus, the Evaluation Engineering is increasingly developing, with the use of increasingly advanced processes in the determination of the value of the good, such as the application of statistical inference and the use of physical depreciation. This study aims to determine the value of a property in the city of Codó-MA, using statistical inference through multiple linear regression and, later, to verify physical depreciation. The data were collected in the city of Codó,MA, in real estate, construction companies that work with the sale of houses, ads and, its statistical treatment was performed by the Sisdea software. After the statistical treatment some models were generated and the most effective one was used and the one that best met the requirements foreseen by NBR 14653-2 (2011) and, after the physical depreciation was verified by two different methods: survey of the cost of recovering the good and Ross Heidecke’s method. Finally, it was possible to determine the market value of the property and to make a critical analysis among the values found of physical depreciation by each method performed.

Shuffling through the Bargain Bin: Real-Estate Holdings of Public Firms*

2019 ◽  
Vol 24 (3) ◽  
pp. 647-675 ◽  
Author(s):  
Irem Demirci ◽  
Umit G Gurun ◽  
Erkan Yönder
Keyword(s):  
Real Estate ◽  
Financial Distress ◽  
Negative Impact ◽  
The Real ◽  
Public Firms ◽  
The Real Estate ◽  
Distressed Firms ◽  
The Cost ◽  
Real Estate Assets ◽  
Industry Peers

Abstract Constructing a novel database on the real-estate holdings of public firms, we show that distressed firms sell their real-estate assets at a discount relative to healthy firms. We find that distress discount in real-estate assets is less pronounced for sellers with less liquidity-constrained industry peers and in machinery-heavy industries. We also document that asset redeployability and the availability of potential buyers are two important property-specific determinants of the distress discount. Additionally, firms’ property portfolios that are less redeployable with less potential buyers exacerbate the negative impact of financial distress on the cost of borrowing.

A DSS for Real Estate Location Choice

2010 ◽  
pp. 43-60
Author(s):  
Vincenzo Del Giudice ◽  
Pierfrancesco De Paola ◽  
Francesca Torrieri ◽  
Francesca Pagliara ◽  
Peter Nijkamp
Keyword(s):  
Real Estate ◽  
Evaluation Model ◽  
Methodological Approach ◽  
A Priori ◽  
Real Estate Market ◽  
The Real Estate ◽  
Investment Choice ◽  
Territorial Marketing ◽  
Complex Evaluation ◽  
Real Estate Assets

The evaluation of real estate assets is currently one of the main issues addressed by territorial marketing strategies with a view to developing competitive cities. Given the complexity of the real estate market, it's hard to identify a priori the factors that constitute a city's competitive capacity to attract investments to this market. In this paper we design an integrated complex evaluation model able to map out and encapsulate the multidimensional spectrum of factors that shape the attractiveness each investment destination. The methodological approach is then illustrated through application of the model to a real-world case of investment choice in the residential sector of the city of Naples.

scholarly journals RESEARCH OF FEATURES OF RENT MARKET DEVELOPMENT

2021 ◽  
Vol 1 (161) ◽  
pp. 116-123
Author(s):  
S. Kobzan ◽  
A. Ivakhnenko ◽  
M. Tolsta
Keyword(s):  
Real Estate ◽  
Housing Market ◽  
Real Estate Market ◽  
Residential Real Estate ◽  
The Real ◽  
The Real Estate ◽  
Rental Market ◽  
The Real Estate Market ◽  
The Cost ◽  
The City

The purpose of the article is to conduct a study of the rental market as a separate segment of the real estate market in urban development. A study of the rental market in Kharkiv was conducted. The relevance of the study is to determine the prospects for the development of modern urban economy, taking into account the development of the rental market. The question of the dependence of the rent on the cost of housing and the profitability of certain segments of the housing market is determined. An improved classification of different segments of housing in the modern city is given. An analysis of the cost of rent for each segment and depending on the location. Factors that significantly affect the cost of rent have been studied. Conclusions are made about the future development of the rental market in the municipal economy. In urban planning and urban planning it is extremely important to take into account the prospects and development of such a market segment as the rental market of residential real estate. The relevance of the study is to determine the prospects for the development of modern urban economy, taking into account the development of the rental market. The residential real estate rental market is a very important component for the development of the city in Kharkiv. The issue of researching the apartment rental market is relevant and will be deeply analyzed in the future. To achieve this goal, the following tasks are set in the work: Analyze the rental market. Develop an improved classification of segmentation in the residential real estate market. Conduct research on the factors that affect the cost of rent. Develop a GIS model of the impact of rental costs depending on the area of the city. Build a detailed table of the dependence of the cost of rent on the location. Investigate the interaction in the real estate rental market and sales within urban development. The rental price is influenced by the following factors: - trends of growth or decline of the general state of the real estate market as a whole; - seasonality; - the distance of the district from the city center; - the presence of a transport interchange; - ecology, in the area where the object is located; - developed infrastructure; - level of housing comfort; - the duration of the lease; - number of rooms; - the presence of repairs; - type and condition of the building in which the dwelling is located. The article examines the rental housing market. Defined rental rates: minimum, average and maximum cost. Charts of dependence of cost of rent on a segment and a location are constructed. The housing market is developing despite the unstable economic situation, the devaluation of the hryvnia and declining incomes. The cost of renting an apartment depends on the location, condition of the house, transport infrastructure and the condition of the real estate. The hotel rental market is developing very actively. In Kharkov, in most cases, buy small apartments and hotels for investment (income from further rent). With the help of GOOGLE MAP, a map of the dependence of the average cost of renting hotels and 1-bedroom, 2-bedroom, 3-bedroom apartments on the location in the areas of Kharkiv was developed.

scholarly journals The Interlocking Processes Constraining the Struggle for Sanctuary in the Trump Era: The Case of La Puente, CA

2021 ◽  
Vol 10 (5) ◽  
pp. 155
Author(s):  
Gilda L. Ochoa
Keyword(s):  
Status Quo ◽  
City Council ◽  
Gender And Sexuality ◽  
People Of Color ◽  
Transformative Change ◽  
Cautionary Tale ◽  
Community Members ◽  
White Supremacist ◽  
The Status ◽  
The City

By 10 January 2017, activists in the predominately Latina/o working class city of La Puente, California had lobbied the council to declare the city a sanctuary supporting immigrants, people of color, Muslims, LGBTQ people, and people with disabilities. The same community members urged the school district to declare itself a sanctuary. While community members rejoiced in pushing elected officials to pass these inclusive resolutions, there were multiple roadblocks reducing the potential for more substantive change. Drawing on city council and school board meetings, resolutions and my own involvement in this sanctuary struggle, I focus on a continuum of three overlapping and interlocking manifestations of white supremacist heteronormative patriarchy: neoliberal diversity discourses, institutionalized policies, and a re-emergence of high-profiled white supremacist activities. Together, these dynamics minimized, contained and absorbed community activism and possibilities of change. They reinforced the status quo by maintaining limits on who belongs and sustaining intersecting hierarchies of race, immigration status, gender, and sexuality. This extended case adds to the scant scholarship on the current sanctuary struggles, including among immigration scholars. It also illustrates how the state co-opts and marginalizes movement language, ideas, and people, providing a cautionary tale about the forces that restrict more transformative change.

scholarly journals mCARE, a digital health intervention package on pregnancy surveillance and care-seeking reminders from 2018 to 2027 in Bangladesh: a model-based cost-effectiveness analysis

BMJ Open ◽  
2021 ◽  
Vol 11 (4) ◽  
pp. e042553
Author(s):  
Youngji Jo ◽  
Amnesty Elizabeth LeFevre ◽  
Hasmot Ali ◽  
Sucheta Mehra ◽  
Kelsey Alland ◽  
...  
Keyword(s):  
Cost Effectiveness ◽  
Home Visit ◽  
Digital Health ◽  
Status Quo ◽  
Health Intervention ◽  
Text Messages ◽  
Care Seeking ◽  
Intervention Package ◽  
The Status ◽  
The Cost

ObjectiveWe estimated the cost-effectiveness of a digital health intervention package (mCARE) for community health workers, on pregnancy surveillance and care-seeking reminders compared with the existing paper-based status quo, from 2018 to 2027, in Bangladesh.InterventionsThe mCARE programme involved digitally enhanced pregnancy surveillance, individually targeted text messages and in-person home-visit to pregnant women for care-seeking reminders for antenatal care, child delivery and postnatal care.Study designWe developed a model to project population and service coverage increases with annual geographical expansion (from 1 million to 10 million population over 10 years) of the mCARE programme and the status quo.Major outcomesFor this modelling study, we used Lives Saved Tool to estimate the number of deaths and disability-adjusted life years (DALYs) that would be averted by 2027, if the coverage of health interventions was increased in mCARE programme and the status quo, respectively. Economic costs were captured from a societal perspective using an ingredients approach and expressed in 2018 US dollars. Probabilistic sensitivity analysis was undertaken to account for parameter uncertainties.ResultsWe estimated the mCARE programme to avert 3076 deaths by 2027 at an incremental cost of $43 million relative to the status quo, which is translated to $462 per DALY averted. The societal costs were estimated to be $115 million for mCARE programme (48% of which are programme costs, 35% user costs and 17% provider costs). With the continued implementation and geographical scaling-up, the mCARE programme improved its cost-effectiveness from $1152 to $462 per DALY averted from 5 to 10 years.ConclusionMobile phone-based pregnancy surveillance systems with individually scheduled text messages and home-visit reminder strategies can be highly cost-effective in Bangladesh. The cost-effectiveness may improve as it promotes facility-based child delivery and achieves greater programme cost efficiency with programme scale and sustainability.

Evaluating the cost and benefits of earthquake protection of buildings

2018 ◽  
Vol 11 (2) ◽  
pp. 263-278 ◽  
Author(s):  
Benedetto Manganelli ◽  
Marco Vona ◽  
Pierfrancesco De Paola
Keyword(s):  
Real Estate ◽  
Seismic Risk ◽  
Risk Mitigation ◽  
Tax Incentives ◽  
Seismic Retrofitting ◽  
Content Type ◽  
Seismic Risk Mitigation ◽  
The Cost ◽  
Earthquake Protection ◽  
Real Estate Assets

Purpose The purpose of this study is the evaluation of the cost and benefits of earthquake protection of buildings to verify whether the legislative push, through tax incentives, will produce results and lead to a redevelopment of private real estate assets. Design/methodology/approach Through contingent valuation, this research aims to measure the propensity of homeowners to invest in the seismic security of their properties. The sample of homeowners was selected in a southern Italy city, which was characterized by a medium-high seismic hazard. The willingness to pay, once made independent from the family income, was compared with the actual cost of a seismic retrofitting technique to assess its cost-effectiveness. Findings The analysis developed on an example case shows that the economic sustainability of the intervention is only verified when considering the current tax incentives for this type of intervention. Practical implications Choosing to introduce a system to compulsory insurance against seismic risk could certainly be a strong incentive for the implementation of retrofitting interventions on private real estate assets. In this direction, investigations like this can be fundamental to establish the fair risk premium. Originality/value The need for effective seismic risk mitigation policies is also based on the growing awareness of the, often fatal, effects of seismic events, emphasized by the recent medium and high intensity events that hit Italy. The issue of the security of residential buildings is therefore a very topical issue in view of their high seismic vulnerability and the vast number of buildings requiring major seismic retrofitting. Therefore, the propensity of owners to intervene in improving the seismic performance of their properties can be crucial in seismic risk mitigation.

Faith as Taking the Risk

1968 ◽  
Vol 25 (2) ◽  
pp. 201-210 ◽  
Author(s):  
Wyatt T. Walker
Keyword(s):  
Status Quo ◽  
Prisoners Of War ◽  
The Future ◽  
The Status ◽  
Two Measures ◽  
The City

“Then Elisha said to those people who were assembled in the main square, in the midst of a terrible famine, with the Syrian army at the gate: ‘In about twenty-four hours you will be able to buy a measure of fine flour for a shekel and two measures of barley for a shekel.’ And the captain upon whose arm the king leaned looked at him and spoke in derision: ‘Ha! What's God going to do? Open up a hole in the sky and pour out food upon all of these hungry people?’ And Elisha turned to him and said: ‘You have a big mouth. You will see it with your own eyes, but you will not eat thereof.’ And there were four lepers sitting at the entering in of the gate of Samaria, and they held a conversation amongst themselves that had to do with what the future might hold for them. And they said one to another: ‘What good is it for us to sit here until we die? If we go into the city, there is a famine there, and we shall die. If we sit here, if we maintain the status quo, if we hold what we've got, we shall die also. Come on, let us go out to meet the Syrian hosts, let's try something that we never tried before, and perhaps we shall be taken prisoners of war, and, if so, at least we'll survive. And if not, what have we got to lose?’” (II Kings 7: 1–20; the “Walker” translation).

scholarly journals After Planning, the Production of Radical Social Space in Barcelona: Real-Estate Financial Circuit and (De Facto) Right to the City

2018 ◽  
Vol 3 (3) ◽  
pp. 83-104
Author(s):  
Pedro Jiménez-Pacheco
Keyword(s):  
Real Estate ◽  
Social Space ◽  
Planning System ◽  
Right To The City ◽  
Previous Knowledge ◽  
The Real Estate ◽  
Starting Point ◽  
The City ◽  
Theoretical Apparatus

This article is based on the premise that it is possible to apply Henri Lefebvre’s critical-theoretical apparatus to complex urban processes as a pedagogical case study. From previous knowledge of Lefebvrian thought, the article provides an overview of what Lefebvre called “the science of the use of social space”, supported by a transdisciplinary methodological plurality. The starting point is that neoliberal social space is produced, prepared, and led to the imminent urban post-neoliberalism, in the midst of this movement, a sophisticated planning system appears, with the old promise of service tradition, egalitarian ethics and pragmatic orientation. But in practice, it only reproduces the impotence of being inside a wave of localized surplus-benefits that expels human residues, avoiding any reaction. The Lefebvrian apparatus and a part of its theoretical tradition guide the research on Barcelona as a paradigm of global real-estate violence. This urban phenomenon is examined in central Barcelona, in order to rescue it from the pessimism of its own inhabitants, from the harsh perception that urban centrality no longer reproduces life. In this way, the article puts into operation an analytical tool designed to sabotage the real-estate circuit through a renewed right to the production of radical social space.

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