Planning regulation and land value capture in Italy between traditional approaches and new perspectives

Urban development and regeneration processes are both influenced by changes in the level of land rents over time and space. Public intervention in land markets, including planning regulation, affects rent dynamics through discretionary decisions that create clear advantages and inequalities in lando...

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Bibliographic Details
Published in:City, territory and architecture territory and architecture, 2023-12, Vol.10 (1), p.16-14, Article 16
Main Authors: Colavitti, Anna Maria, Serra, Sergio
Format: Article
Language:English
Subjects:
Cities
Earth and Environmental Science
Geography
Housing prices
Land rent
Land use
Land value capture
Landowners
Landscape/Regional and Urban Planning
Literature reviews
Planning
Plus value
Public Policy
Regulation
Renewable and Green Energy
Research Article
Sustainable Development
Urban development
Urban Ecology
Urban regeneration
Urban renewal
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Summary:Urban development and regeneration processes are both influenced by changes in the level of land rents over time and space. Public intervention in land markets, including planning regulation, affects rent dynamics through discretionary decisions that create clear advantages and inequalities in landowner treatment. Focusing on Italian approaches to planning regulation and land value capture (LVC), the research investigates the evolution of the theoretical debate on windfalls for wipeouts and the different approaches and instruments for managing urban rents. The characteristics of the national housing market and the relevant socio-economic and territorial disparities require a better understanding of contemporary rent dynamics. The conclusions suggest that the traditional and mainstream conception of urban rent, as an unearned gain for the landowner, needs to be revised and LVC should be addressed to support regeneration policies.
ISSN:2195-2701
2195-2701
DOI:10.1186/s40410-023-00202-8