Research Journal of The University of Zagreb, Faculty of Civil Engineering

Organization, Technology & Management in Construction: An International Journal
ISSN 1847-5450 print / ISSN 1847-6228 online
udc 62:658(05)

Abstracting/Indexing: The papers published in Organization, Technology & Management in Construction: An international Journal are abstracted/indexed by: EBSCO, INSPEC, ProQuest Science Journals


| About journal | Editorial board | Information for authors | Journal volumes


 

 

<<Table of Content

4. Renata Schneiderova Heralova:

Sustainable Buildings: Market Value And Market Share


Abstract:

The holistic look at the buildings over their life cycle and the implementation of the principles of sustainable development are two main trends, which could be observed in the realty market and in the construction sector in recent years. Environmental concerns and social well-being are beginning to influence the property markets and the pricing of properties. Users and owners of properties already begin to consider benefits and risks associated with ownership and using sustainable buildings. This fact is beginning to reflect in the increasing share of sustainable buildings on the realty market. Is their market value different in comparison with common properties? It is necessary to combine knowledge and experience from economic field with technical experiences and knowledge of social issues and relation to environment within assessment of sustainability buildings. Sustainable buildings are mostly more resistant to obsolescence. Their service could be cheaper, they may offer higher quality of life and they might increase the owner image. This can reflect in higher market value of sustainable buildings in comparison with conformal buildings. This paper deals with application of basic appraisal methods in terms of sustainable building assessment, especially with difficulties how to argue their higher value.
This paper summarizes the market share of sustainability buildings in the Czech Republic on example of family houses.

Keywords:

market value, appraisal, sustainability, whole life costing