Added value of sites suitable for sustainable office development

Valuations of real estate are widely used for various purposes and it relied always upon the financial and other markets. Valuation methodology is based on the operation of the free market economy and the real estate properties. The issue of certified properties is relatively new in the field of rea...

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Autor principal:	Kupec Josef
Formato:	article
Lenguaje:	EN
Publicado:	Sciendo 2021
Materias:	real estate valuation sustainable office development residual method leed breeam Building construction TH1-9745
Acceso en línea:	https://doaj.org/article/c18c67ffe18f4afcb90c90554dcea0eb
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id	oai:doaj.org-article:c18c67ffe18f4afcb90c90554dcea0eb
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spelling	oai:doaj.org-article:c18c67ffe18f4afcb90c90554dcea0eb2021-12-05T14:11:09ZAdded value of sites suitable for sustainable office development1847-622810.2478/otmcj-2021-0026https://doaj.org/article/c18c67ffe18f4afcb90c90554dcea0eb2021-11-01T00:00:00Zhttps://doi.org/10.2478/otmcj-2021-0026https://doaj.org/toc/1847-6228Valuations of real estate are widely used for various purposes and it relied always upon the financial and other markets. Valuation methodology is based on the operation of the free market economy and the real estate properties. The issue of certified properties is relatively new in the field of real estate valuation and is not sufficiently explored. Certified buildings are preferred by major corporate tenants with international field of activity who often have ethical rules for sustainable development. Therefore, certified properties are attractive to international commercial real estate investors who have higher purchasing power and are willing to pay a higher purchase price. Sustainable property certification is an element affecting the market value of the property. The purpose of this presented research is to quantify the impact of property certification on the value of office properties in Prague and subsequently to determine the impact of sustainability certificates on the market value of the land by using basic valuation techniques. The outcome of the project could be used by real estate valuation experts as a guideline to consider the future project certification and its impact on the land market value.Kupec JosefSciendoarticlereal estate valuationsustainable office developmentresidual methodleedbreeamBuilding constructionTH1-9745ENOrganization, Technology and Management in Construction: An International Journal, Vol 13, Iss 2, Pp 2465-2471 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	real estate valuation sustainable office development residual method leed breeam Building construction TH1-9745
spellingShingle	real estate valuation sustainable office development residual method leed breeam Building construction TH1-9745 Kupec Josef Added value of sites suitable for sustainable office development
description	Valuations of real estate are widely used for various purposes and it relied always upon the financial and other markets. Valuation methodology is based on the operation of the free market economy and the real estate properties. The issue of certified properties is relatively new in the field of real estate valuation and is not sufficiently explored. Certified buildings are preferred by major corporate tenants with international field of activity who often have ethical rules for sustainable development. Therefore, certified properties are attractive to international commercial real estate investors who have higher purchasing power and are willing to pay a higher purchase price. Sustainable property certification is an element affecting the market value of the property. The purpose of this presented research is to quantify the impact of property certification on the value of office properties in Prague and subsequently to determine the impact of sustainability certificates on the market value of the land by using basic valuation techniques. The outcome of the project could be used by real estate valuation experts as a guideline to consider the future project certification and its impact on the land market value.
format	article
author	Kupec Josef
author_facet	Kupec Josef
author_sort	Kupec Josef
title	Added value of sites suitable for sustainable office development
title_short	Added value of sites suitable for sustainable office development
title_full	Added value of sites suitable for sustainable office development
title_fullStr	Added value of sites suitable for sustainable office development
title_full_unstemmed	Added value of sites suitable for sustainable office development
title_sort	added value of sites suitable for sustainable office development
publisher	Sciendo
publishDate	2021
url	https://doaj.org/article/c18c67ffe18f4afcb90c90554dcea0eb
work_keys_str_mv	AT kupecjosef addedvalueofsitessuitableforsustainableofficedevelopment
_version_	1718371321390301184

Added value of sites suitable for sustainable office development

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