Ricerc@Sapienza

Purpose
In the present paper, two innovative methodologies (Utility Additive and Evolutionary Polynomial Regression) for mass appraisal of residential properties have been tested and compared. The aim is to deepen their characteristics, by exploring the potentialities and the operating limits.
Design/metodology/approach

Urban rehabilitation through the redevelopment of public properties in disuse is among the main issues of the urban policies in the Euro area. However, since 2008, mainly due to the economic downturn, the enhancement of public properties has been characterized by a deadlock. Currently, the tendency in all European countries is to entrust the valorization of public buildings in disuse to new special entities, in terms of sales to third parties as well as rationalization for the economic management of the property.

In the present paper, two innovative methodologies (Utility Additive and Evolutionary Polynomial Regression) for mass appraisal of residential properties have been tested and compared. The aim is to deepen their characteristics, by exploring the potentialities and the operating limits. With reference to the same case studies, concerning samples of residential properties recently sold in three Italian cities, the two procedures are tested and the results are compared.

Purpose – In this research a model for the rationalization of the assessment in a rent to buy contract has been proposed, in order to contextualize the economic amounts involved in the negotiation according to the specific market risk of the area where the property is located. The paper aims to discuss this issue.