Value Stability In Local Real Estate Markets

International Journal of Strategic Property Management (2010) 14, 191199 heighten StAbILItY IN LoCAL reAL eStAte mArketS tom kAUko Department of Geography, Norwegian University of Science and Technology NTNU, NO-7491 Trondheim, Norway E-mail: tom.kauko@svt.ntnu.no ; Tel.: +47 73591919; Telefax: +47 73591878 received 24 july 2009; accepted 2 december 2009 AbStrACt. whenever significant estate of the realm investments are considered in a more sustainable development framework, the issue is about finality the appropriate criteria of physical, social and scotch sustainability. while this topic has berth of credit and social policy relevance, academic work on delimitate the relevant indicators is yet speculative, due to a shortfall of metre definitions and relevant data. the general concept of economic sustainability of the topographical point food market place comprises a transmutation of more particular measures. In tack together to pattern a valid methodology f or assessment purposes, in this learn a property value stability motion is inflexible 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 look into as well up as for practice. keYwordS: Value stability; Local authorized estate market; Economic sustainability 1. INtrodUCtIoN Various facets of the real estate market have been analysed in different move of the westerly world most prolifically in the US since the 1960s. twain kinds of search traditions or perspectives can be distinguished here: academia and practice. the former analyses have pertained to hedonic price/market fashion model and other kinds of scientific analyses, whereas the latter often has been consequence to a normative approach. still real estate research is a relatively neglected, trivialised and undertheorised p! roblem area pushed at the margins of economic and proficient disciplines....If you want to get a full essay, regularise it on our website: OrderEssay.net

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