0000000000193036
AUTHOR
F. Salvo
The Expertise in the Real Estate Appraisal in Italy.
The study focuses on real estate expertise in Italy considering: the market surface ratios, proposing a series of tests designed to predict the influence of these surfaces on the result of the valuation; and the coefficients of the not surface characteristics providing a measure of the estimation error induced by their use. Overall, the study aims to bring out on a rational level the deficiencies, inaccuracies and errors of the valuations based on the expertise when it is applied to the real estate market. In Italy the application of valuation standard is in the early stages of launching.
Parametric measurement of partial damage in building.
The valuation of the property damage is a double appraisal that considers a before situation and an after situation to the damage, reported both to the same moment. An elementary measure of the partial damage is represented, in a first approximation, by the restoration’s cost, when the return of the original situation is possible and economically profitable, this last circumstance imposes that the cost is great or equal to the suffered damage. In the building practice, the restoration of the buildings is often combined with operations of substitution and integration. For the indemnity of the partial damage, the restoration’s cost also includes the lost incomes of the property for the period…
Appraisal Value and Assessed Value in Italy.
The appraisal value is an appraiser's opinion (not determination) of the current worth of a property on the real estate market. The assessed value is the value placed on real estate property by government assessors for determining ad valorem taxes. Assessed value is used rarely as basis for appraisal value. The Italian appraisal practice is characterized by valuations developed in subjective opinions formulated by the valuers, according to the experience and the competence rather than on the survey of the market data of comparable properties. These opinions are indicated by the term expertise, borrowed from the estimates made in the art market. In Italy, the valuation of the properties appl…
Automated procedures based on Market Comparison Approach. A pilot study in the city of Cosenza.
The question about objective valuation is linked on the one hand to the identification of a large number of reliable sale data, on the other hand to the ability to control the critical evaluation protocol. Automating the valuation process, ensured by computerization of real estate data properly detected, provides a concrete answer to the problem of objectivity, allowing a significant control of the subjective component which characterizes the more traditional appraisals. Automatic methods traditionally proposed at international level are often set on multiple regression models, designed to build prediction functions that are valid throughout the study area, calibrating the coefficients on t…
MEASUREMENTS OF RATIONALITY FOR A SCIENTIFIC APPROACH TO THE MARKET- ORIENTED METHODS
Appraisals are based on regression models. Its major application limits are all in situations in which the real estate market doesn’t offer a sufficient number of comparables to implement statistical tools. In low-transaction real estate markets, the most effective appraisal method is the market comparison approach (MCA). The application limits of MCA depend on the degree of similarity between the properties’ characteristics and the reliability of the prices of comparables. In this paper, we introduce some rational measurements in order to guarantee a scientific approach to MCA is associated with the correct prices. Our method is able to restore appraisals of the market value of any type of…
Appraising building area’s index numbers using repeat values model. A case study in Paternò (CT)
The knowledge of real estate prices trend over time is requisite to understand and expect dynamics of real estate market, and is useful to construct index numbers of real estate prices, numerical indicators exploitable to understand real estate profitability and land phenomena in different market segments. This work aims at the construction of prices index numbers relevant to building area site in the town of Paternò, in Catania province, and at the corresponding hedonic prices index numbers linked to the main real estate characteristics in the space of a period that goes from 2004 to 2012. The proposed methodology allows to build the index numbers of the building area’s unit prices in the …
The PROVENT-C19 registry: A study protocol for international multicenter SIAARTI registry on the use of prone positioning in mechanically ventilated patients with COVID-19 ARDS
Background The worldwide use of prone position (PP) for invasively ventilated patients with COVID-19 is progressively increasing from the first pandemic wave in everyday clinical practice. Among the suggested treatments for the management of ARDS patients, PP was recommended in the Surviving Sepsis Campaign COVID-19 guidelines as an adjuvant therapy for improving ventilation. In patients with severe classical ARDS, some authors reported that early application of prolonged PP sessions significantly decreases 28-day and 90-day mortality. Methods and analysis Since January 2021, the COVID19 Veneto ICU Network research group has developed and implemented nationally and internationally the “PRO…
Compensation appraisal processes for the realization of hydraulic works in an agricultural area.
The present work aims to rationalize the process of the damages valuation for the construction of hydraulic works, considering the economic and evaluative aspects. The study deal with the damages in the sense of ex post and ex ante valuation for the task of environmental protection and the temporary employment. In this process are examined the technical and practical implications. The problem of the ex post compensation is proposed in the form of an income statement. The valuation of the ex ante damage, during the design of interventions of hydraulic nature, affect the taxation of the hydraulic constraint and the avoided future damages, to compensate in advance. The valuation of the indemni…