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

Serena Artese, Manuela De Ruggiero, Francesca Salvo and Raffaele Zinno
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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

Sustainability, 2021, vol. 13, issue 6, 1-25

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.

Keywords: seismic risk mitigation; Superbonus 110%; transformation value; highest and best use (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
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