From surface right to full ownership: three approaches to determine the fair fee

The topic of public residential housing is relevant in the international context with different peculiarities and approaches in the various European Member States, according to the several political, economic, and cultural specificities, despite some general analogies characterizing this sector. The present research focuses on the Italian territory, aiming to critically analyse the institute mostly implemented in the initiatives of social housing, that is the surface right. In particular, the objective of the study is to empirically verify the fair fee to be paid for the conversion of surface right into full ownership, overcoming the legal provisions and considering also the real estate market and the compensation approach which takes into account the initial advantage of the assignees. By applying the three approaches, the potential disparities caused by the current legislation are highlighted and the possible increased revenues for the Public Administration generated if the normative forecasting were integrated by including real estate factors, are detected.