From modelling tools towards the market itself ‐an opportunity for sustainability assessment?
Abstract
Market based analyses of residential property value traditionally fall within two broad research traditions: a 'more practical' value analysis tradition and a 'more academic' market analysis tradition. While there is a steady flow of information from the latter to the former direction, until recently very little such information diffusion has occurred from the former to the latter modelling tradition. In such a learning process, the value modelling performance could serve as a guideline for what kind of market model is valid and feasible for a given dataset with certain recognisable tendencies. On the other hand, the characterisation of particular market circumstances is a key determinant of real estate sustainability. A sustainable market generates a sustainable value, which then can be used as an attractiveness indicator in a broader sense; or in the opposite case, an unsustainable market diagnoses a problem in unsustainable value.
First published online: 18 Oct 2010
Keywords:
Modelling, Market, Sustainability, Residential property valueHow to Cite
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Copyright (c) 2008 The Author(s). Published by Vilnius Gediminas Technical University.
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Copyright (c) 2008 The Author(s). Published by Vilnius Gediminas Technical University.
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This work is licensed under a Creative Commons Attribution 4.0 International License.