Capitalisation rates and 'real estate semantic chains': an application of clustering analysis

Giuffrida, Salvatore; Ferluga, G.; Valenti, A.

doi:10.1504/ijbidm.2015.069271

Cited by 14 publications

(9 citation statements)

References 9 publications

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“…The second phase (2005-2009) has been characterised by the success of the brand of Ortigia that confirmed it as one of the most promising real estate markets […]. The third stage (since 2010 until now) […] has been characterised by the lack of liquidity, due to the crisis of credit" [75]. A general improvement of the physical and functional condition of this real estate can be ascribed to this evolution, as the filtering of the local population and the concentration of the The substantial economic investments of local authorities in higher education facilities had a rapid effect of regenerating the historic centre.…”

Section: The Overlay Environmentsmentioning

confidence: 99%

“…. ] has been characterised by the lack of liquidity, due to the crisis of credit" [75]. A general improvement of the physical and functional condition of this real estate can be ascribed to this evolution, as the filtering of the local population and the concentration of the property because of some massive investments made by professional investors or groups of real estate investors.…”

Section: The Overlay Environmentsmentioning

confidence: 99%

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Circular Economy and the Role of Universities in Urban Regeneration: The Case of Ortigia, Syracuse

2018

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Regeneration processes activate stable regimes of interaction and interdependence among the architectural, economic, cultural and social sub-systems in settlements. The thesis of this paper is that in order to progress towards sustainable and inclusive cities, urban governance should widen the decision-making arena, promoting virtuous circular dynamics based on knowledge transfer, strategic decision making and stakeholders’ engagement. The historic urban landscape is a privileged la b for this purpose. The paper adapts the Triple-Helix model of knowledge-industry-government relationships to interpret the unexpected regimes of interaction between Local Authority and Cultural Heritage Assets triggered in the late 90es by the establishment of a knowledge provider such as a Faculty of Architecture in the highly degraded heritage context of the city of Syracuse, Italy. Following this approach, the authors explain the urban regeneration happened over the last 20 years in the port city of Syracuse, based on knowledge sharing and resources’ protection that promoted processes of social engagement and institutional empowerment for both new residents and entrepreneurs.

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Section: The Overlay Environmentsmentioning

confidence: 99%

Section: The Overlay Environmentsmentioning

confidence: 99%

Circular Economy and the Role of Universities in Urban Regeneration: The Case of Ortigia, Syracuse

2018

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“…This study performs a methodology of real estate market analysis, previously experienced [31][32][33], consisting of the following steps:…”

Section: Methodology For Appraising Cap Ratementioning

confidence: 99%

Cap Rate as the Interpretative Variable of the Urban Real Estate Capital Asset: A Comparison of Different Sub-Market Definitions in Palermo, Italy

et al. 2017

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Abstract:Real estate capital is in constant competition with other capital assets due to its different and complementary economic functions such as direct use, productive investment, and speculative investment. These features and the resulting opportunities cannot be easily deduced from direct observation of the real estate markets, so some further insights need to be carried out in order to highlight the relationship between prices, rents and performances. This study aims at providing a multifaceted perspective of a specific urban real estate market to overcome the difficulties arising from opacities and informative asymmetries that hinder the decision of investors, by facilitating the comparison of different options such as capital value, income and performance. Within the mass appraisal approach, the study proposes a methodology for the analysis of the cap rate, intended as the expression of profitability and liquidity of the urban real estate capital asset. The methodology is based on a detailed survey of a sample of the housing market data, collected within a structured database, supported by statistical and territorial analyses of the sample, in order to display the range of cap rates featuring each sub-market, and the related distributions. The methodology is applied to a case study of nearly 1000 properties distributed in a vast urban area of the municipality of Palermo, Italy. The consistency of the relationships between the three variables has been tested with reference to two hypotheses about the sub-market definition, which has been carried out by cluster and by neighbourhood.

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“…Analyses and simulations are performed using Termolog EpiX7 Software, which operates in accordance with the following regulations: UNI EN ISO 15316 [11], UNI EN ISO 13790 [12], UNI TS 11300 parts 1-2 [13], [14]. At the end, an economic analysis has been developed for evaluating the feasibility and convenience of the different solutions with regard to costs and revenues [15].…”

Section: Methodsmentioning

confidence: 99%

“…-one natural gas boiler with a power of 50 kW, plus 15 fan-coils placed, generally, under the windows; -no room or zone temperature controls; -no mechanical ventilation system Manual opening of the windows ensures the air quality during classrooms and daily cleaning. The lighting system consists of T8 or T5 fluorescent lamps installed in rooms, corridors and service area, with a total power of 4 kW.…”

Section: Building and Energy Systems' Featuresmentioning

confidence: 99%

The Kyoto Rotation Fund as a policy tool for climate change mitigation: The case study of an Italian school

Nocera¹,

Gagliano²,

Evola³

et al. 2017

IJHT

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EU Directive n. 27/2012 on energy efficiency establishes that each year, until 2020, 3% of the surface covered by buildings owned by the Central Government shall be restructured. In Italy, the total surface to be requalified amounts to 2,5 million square meters. In Italy, the Kyoto Rotating Fund for Schools is one of incentives available to achieve the goal of energy requalification for Public Administration. The Kyoto Fund finances energy requalification of educational buildings with loans at a preferential rate of 0,25%. The aim of this paper is to identify the more suitable energy retrofit strategies, on a School located in Sicily, to achieve the requirements for the granting of subsided rate loans under the Kyoto Fund. The feasibility study considers both technical and economic aspects. In particular, the energy retrofit strategies are focused on the use of materials and products recyclable or otherwise arising from sustainable processes in order to ensure the requirements of the Kyoto Fund. The design strategies and methodology adopted for the retrofit of the school allowed to improve building's energy class from D to A4, with a considerable saving of energy needs from 104,50 kWh/m 2 to 4,80 kWh/m 2 , with high return on reasonable short-term investment, as well as meaningful reduction of CO2 emissions (90%).

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Capitalisation rates and 'real estate semantic chains': an application of clustering analysis

Cited by 14 publications

References 9 publications

Circular Economy and the Role of Universities in Urban Regeneration: The Case of Ortigia, Syracuse

Circular Economy and the Role of Universities in Urban Regeneration: The Case of Ortigia, Syracuse

Cap Rate as the Interpretative Variable of the Urban Real Estate Capital Asset: A Comparison of Different Sub-Market Definitions in Palermo, Italy

The Kyoto Rotation Fund as a policy tool for climate change mitigation: The case study of an Italian school

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