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.
Table of Contents
List of figures
List of tables
Foreword by David Lorenz
1. The sustainable urban real estate agenda: there is more to it than the ‘green’ thing
2. Economic sustainability considerations in a local real estate context (with post-bubble hindsight)
3. Assessment criteria for sustainable local price development
4. Some diagnostic issues
5. Quasi-dynamic SOM analysis of affordability in Trondheim 1993-2008
6. Quasi-dynamic SOM-LVQ analysis of quality in Amsterdam 1986-2002
7. Sustainability of urban renewal areas: cases of Budapest and Amsterdam
8. Concluding discussion: identifiable socioeconomic sustainability elements in a real estate context
Appendix 1: The SOM
Appendix 2: Feature maps (SOM output) of Trondheim, 1993–2007
Tom Kauko is Senior Lecturer in Real Estate at the School of the Built Environment, Oxford Brookes University, UK.