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Pricing and Sustainability of Urban Real Estate (Hardcover)
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Pricing and Sustainability of Urban Real Estate (Hardcover)
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Urban sustainability has become a political and social agenda of
global significance, of which real estate is an integral dimension.
Sustainable urban development includes much more than 'green
building' standards, yet in practice, other aspects such land use
plans and locations are often overlooked. This book demonstrates
that the issue of sustainable development stretches far beyond the
hitherto dominating agenda based on 'green' (i.e. environmentally
and ecologically sustainable) buildings. In doing so, it presents a
novel framework based on the concept of economic sustainability of
real estate locations, drawing connections with the global
financial crisis and housing price bubble discourse. It argues for
the need to better integrate social, cultural and economic
dimensions into the real estate sustainability agenda. It also
explores the role of location, and especially the image aspect
therein. Trends in consumer choice are important to the way these
dimensions are appreciated in decisions about investment,
development, valuation and other activities of the production,
consumption and governance of the built environment. This book will
be of interest to private and public sector practitioners of real
estate valuation as well as scholars of urban studies, geography,
economics, urban planning and environmental studies.
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