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

Urban development and regeneration processes are both infuenced by changes in the level of land rents over time and space. Public intervention in land markets, including planning regulation, afects rent dynamics through discretionary decisions that create clear advantages and inequalities in landowner treatment. Focusing on Ital ian approaches to planning regulation and land value capture (LVC), the research investigates the evolution of the theoretical debate on windfalls for wipeouts and the diferent 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.