Value Stability in Local Real estate markets

• Authors: Tom Kauko

Title variants

LT

Darnių vietinių nekilnojamojo turto rinkų kūrimas

Abstracts

EN

Whenever real estate investments are considered in a more sustainable development framework, the issue is about finding the appropriate criteria of physical, social and economic sustainability. While this topic has business and social policy relevance, academic work on defining the relevant indicators is yet speculative, due to a shortage of standard definitions and relevant data. The general concept of economic sustainability of the property market comprises a variety of more particular measures. In order to design a valid methodology for assessment purposes, in this study a property value stability trend is determined for specific residential areas. This indicator is composed of property sales prices and the quality level of the existing stock in a given area. The findings from a selected demonstration of the development of price-to-quality ratios in an urban context have implications for further research as well as for practice.

LT

Intensyvėjant pasaulinės klimato kaitos darbotvarkei, investicijos į nekilnojamąjį turtą daugelyje miesto teritorijų jau traktuojamos atsižvelgiant į darnesnę plėtros sistemą. Keliamas klausimas dėl fizinės, socialinės ir ekonominės investicijų darnos. Galimybė statyti naujus pastatus arba atnaujinti senus, šios veiklos įgyvendinimo galimybės ir būtinybė priklauso nuo miesto rajono ir nuo paties miesto pobūdžio, nuo institucinės sąrangos ten, kur investuojama. Be to, svarbi būstuose gyvenančių žmonių gyvenimo kokybė ir jų kasdienė gyvenamoji aplinka. Nors ši tema aktuali verslui ir socialinei politikai, mokslinis darbas nustatant aktualius ekonominius, fizinius ir socialinius vertinimo kriterijus tebėra spekuliatyvus, kai trūksta standartinių apibrėžimų ir reikiamų duomenų. Šiame straipsnyje aptariami keli būdingi klausimai ir siūlomos kelios perspektyvios veiklos kryptys su netiesioginiais siūlymais kurti tyrimų metodiką, taip pat praktinės kryptys.

Keywords

EN

Value stability; Local real estate market; Economic sustainability

• Publisher: Sciendo
• Journal: International Journal of Strategic Property Management
• Year: 2010
• Volume: 14
• Issue: 3
• Pages: 191-199

Contributors

author

Tom Kauko

• Department of Geography, Norwegian University of Science and Technology - NTNU, NO-7491 Trondheim, Norway

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Identifiers

DOI

10.3846/ijspm.2010.14