184 Topics

Submit your Manuscript Submit your Abstract Edit a Topic

Sustainable Real Estate and Resilient Cities: Management, Assessment and Innovations

Production and consumption activities have determined a weakness of the sustainable real estate economy. The main problems are the subordination of public decision-making, which is subjected to pressure from big companies, inefficient appraisal procedures, excessive use of financial leverage in investment projects, the atypical nature of markets, income positions in urban transformations, and the financialization of real estate markets with widespread negative effects.

A delicate role in these complex problems is assigned to real estate appraisal activities, called to make value judgments on real estate goods and investment projects, the prices of which are often formed in atypical real estate markets, giving ever greater importance to sustainable development and transformation issues.

Furthermore, during recent decades, the overestimation of demographic growth has highlighted the need for urban planning processes restructuring by limiting the area’s building potential, mitigating the loss of place identity with high environmental and cultural value, and preventing uncontrolled land use, also through the valorisation and recovery of the existing heritage. In this context, economic, social and environmental demands are combined with uncertainties about the near future, related to the ongoing COVID-19 pandemic.

In the outlined framework, the focus on sustainability issues also has significant relevance in the financial sector: EU Regulation 2019/2088 requires an effort to evaluate the investments risks in relation to their ability to promote environmental and social sustainability. In this sense, the European Commission highlights the stress between a short-term approach based on the exclusive profit pursuit, and the need for long-term investment that is aimed at sustainability objectives. This is referred to as an ESG (Environmental, Social and Governance) investment rating, oriented to assess the contribution of a financial product and/or a real estate project for improving environmental, social and governance quality.

The Special Issue is dedicated, but not only limited, to developing and disseminating knowledge and innovations related to the most recent real estate evaluation methodologies applied in the fields of architecture and civil, building, and environmental and territorial engineering.

Suitable works include studies on econometric models, sustainable building management, building costs, risk management and real estate appraisal, mass appraisal methods applied to real estate properties, urban and land economics, transport economics, the application of economics and financial techniques to real estate markets, the economic valuation of real estate investment projects, the economic effects of building transformations or projects on the environment, and sustainable real estate, the analysis of the effects of COVID-19 on real estate markets dynamics and the hit on the resilient cities development processes.

Deadline for abstract submissions: 31 December 2021.
Deadline for manuscript submissions: 30 June 2022.

Share This Topic

Topic Board

Prof. Dr. Pierfrancesco De Paola
E-Mail Website

SciProfiles

Topic Editor-in-Chief

Department of Industrial Engineering, Univeristy of Naples “Federico II”, Piazzale Vincenzo Tecchio 80, 80125 Napoli, Italy
Interests: econometric models; mass appraisal; real estate market; risk management; urban and real estate economics; real estate investments; building management; economic valuation of real estate investment projects; environmental economics; transport economics; sustainability; knowledge management; corporate valuation
Special Issues and Collections in MDPI journals

Prof. Dr. Francesco Tajani
E-Mail Website

SciProfiles

Topic board member

Department of Architecture and Design, “Sapienza” University of Rome, Via Flaminia 359, 00196 Rome, Italy
Interests: property valuation; mass appraisal; urban economics; risk analysis; engineering economics; financial sustainability; decision support systems; sustainable urban development; life cycle assessment; Member of RICS, International Valuation Standards
Special Issues and Collections in MDPI journals

Prof. Dr. Marco Locurcio
E-Mail Website

SciProfiles

Topic board member

Department of Civil, Environmental, Land, Building Engineering and Chemistry (DICATECh), Polytechnic University of Bari, Via Orabona 4, 70125 Bari, Italy
Interests: mass appraisal methods applied to the interpretation of the real estate markets; multicriteria decision systems as support for valuations in uncertain contexts; big data analysis for modeling and control approaches; econometric analysis for the forecasting of real estate trends; GIS-based systems for the identification of spatial correlations among real estate factors; automated valuation model
Special Issues and Collections in MDPI journals

Dr. Felicia Di Liddo
E-Mail Website

SciProfiles

Topic board member

Department of Civil, Environmental, Land, Building Engineering and Chemistry (DICATECh), Polytechnic University of Bari, Via Orabona 4, 70125 Bari, Italy
Interests: real estate appraisal; urban planning; sustainable land use; enhancement of buildings in disuse; redevelopment initiatives of degraded and abandoned urban areas; decision-support systems; public-private partnership procedure
Special Issues and Collections in MDPI journals

Keywords

Building management
Building costs
Mass appraisal methods
Econometric models
Real estate risk management
Economic valuation of real estate investment projects
Real estate market
Social housing
Urban economics
Land
Transport economics
Real estate economics and finance
Sustainable building transformations and economic effects on environment
Green buildings
Resilient cities
COVID-19 pandemic
Environmental, Social and Governance (ESG)

Relevant Journals List

Journal Name	Impact Factor	CiteScore	Launched Year	First Decision (median)	APC
Sustainability sustainability	3.251	3.9	2009	15.35 Days	1900 CHF	Submit
Buildings buildings	2.648	4.2	2011	16.38 Days	1600 CHF	Submit
Urban Science urbansci	-	-	2017	18.15 Days	1000 CHF	Submit

Published Papers (5 papers)

Open AccessArticle

Statistical Modelling of the Market Value of Dwellings, on the Example of the City of Kraków

Elżbieta Jasińska

and

Edward Preweda

Sustainability 2021, 13(16), 9339; https://doi.org/10.3390/su13169339 - 20 Aug 2021

Abstract

The analysis of a city’s spatial development, in terms of a location that meets the needs of its inhabitants, requires many approaches. The preliminary assessment of the collected material showed that there was real estate in the database whose price did not have market characteristics. For the correct formulation of the valuation model, it is necessary to detect and eliminate or reduce the impact of these properties on the valuation results. In this study, multivariate analysis was used and three methods of detecting outliers were verified. The database of 8812 residential premises traded on the primary market in Kraków was analyzed. In order to detect outliers, the following indices were determined: projection matrix, Mahalanobis distances, standardized chi test and Cook distances. Critical values were calculated based on the formulas proposed in the publication. The probability level was P = 0.95. The article shows that the selected methods of eliminating outliers—the methods of standardized residuals and the Cook’s distance method give similar regression models. Further analysis (with the use of classification tree methods) made it possible to distinguish zones that are homogeneous in terms of price dispersion. In these zones, a set of features influencing real estate prices were determined. Full article

(This article belongs to the Topic Sustainable Real Estate and Resilient Cities: Management, Assessment and Innovations)

► Show Figures

Figure 1

Open AccessArticle

Dimensions of Urban Blight in Emerging Southern Cities: A Case Study of Accra-Ghana

Sally Adofowaa Mireku

Zaid Abubakari

and

Javier Martinez

Sustainability 2021, 13(15), 8399; https://doi.org/10.3390/su13158399 - 28 Jul 2021

Abstract

Urban blight functions inversely to city development and often leads to cities’ deterioration in terms of physical beauty and functionality. While the underlying causes of urban blight in the context of the global north are mainly known in the literature to be population loss, economic decline, deindustrialisation and suburbanisation, there is a research gap regarding the root causes of urban blight in the global south, specifically in prime areas. Given the differences in the property rights regimes and economic growth trajectories between the global north and south, the underlying reasons for urban blight cannot be assumed to be the same. This study, thus, employed a qualitative method and case study approach to ascertain in-depth contextual reasons and effects for urban blight in a prime area, East Legon, Accra-Ghana. Beyond economic reasons, the study found that socio-cultural practices of landholding and land transfer in Ghana play an essential role in how blighted properties emerge. In the quest to preserve cultural heritage/identity, successors of old family houses (the ancestral roots) do their best to stay in them without selling or redeveloping them. The findings highlight the less obvious but relevant functions that blighted properties play in the city core at the micro level of individual families in fostering social cohesion and alleviating the need to pay higher rents. Thus, in the global south, we conclude that there is a need to pay attention to the less obvious roles that so-called blighted properties perform and to move beyond the default negative perception that blighted properties are entirely problematic. Full article

(This article belongs to the Topic Sustainable Real Estate and Resilient Cities: Management, Assessment and Innovations)

► Show Figures

Figure 1

Open AccessArticle

Perceptions about Tourism and Tourists in Historic Neighborhoods: The Case of Alfama

Arlindo Madeira

Teresa Palrão

Alexandra Sofia Mendes

and

Ernesto López-Morales

Sustainability 2021, 13(15), 8357; https://doi.org/10.3390/su13158357 - 27 Jul 2021

Abstract

Tourism makes destinations adapt to receive those who visit them, with a great impact among traditional residents. Overtourism affects picturesque places, and these areas end up losing their authenticity, submitting themselves to the consumption needs of tourists. Neighborhoods’ traditional residents also see their routine completely changed due to the different habits of tourists, and displacement rates rise. This study aims to understand how local people perceive tourism in Alfama, one of the most unique and tourist-oriented neighborhoods of Lisbon. Our study involves a questionnaire to old long-term residents and content analysis of their responses. We used Leximancer software to create categories of analysis depending on frequency of mentions and the way themes are related. Our interviewees testified that overtourism in Alfama generates perceptions that range from a generalized acceptance for the benefits that an improved safety associated to an increased street-life and a cleaner neighborhood generate, and on the other hand the grievance for the loss of a pre-existing community. We also conclude that the benefits of tourist-led gentrification are relevant for the gentrification analysis because they show the contradictions that the remaining residential community experience as tourist-led gentrification unfolds. Full article

(This article belongs to the Topic Sustainable Real Estate and Resilient Cities: Management, Assessment and Innovations)

► Show Figures

Figure 1

Open AccessArticle

Theft Prediction Model Based on Spatial Clustering to Reflect Spatial Characteristics of Adjacent Lands

Dongyoung Kim

Sungwon Jung

and

Yongwook Jeong

Sustainability 2021, 13(14), 7715; https://doi.org/10.3390/su13147715 - 10 Jul 2021

Abstract

Previous studies have shown that when a crime occurs, the risk of crime in adjacent areas increases. To reflect this, previous grid-based crime prediction studies combined all the cells surrounding the event location to be predicted for use in model training. However, the actual land is continuous rather than a set of independent cells as in a geographic information system. Because the patterns that occur according to the detailed method of crime vary, it is necessary to reflect the spatial characteristics of the adjacent land in crime prediction. In this study, cells with similar spatial characteristics were classified using the Max-p region model (a spatial clustering technique), and the performance was compared to the existing method using random forest (a tree-based machine learning model). According to the results, the F1 score of the model using spatial clustering increased by approximately 2%. Accordingly, there are differences in the physical environmental factors influenced by the detailed method of crime. The findings reveal that crime involving the same offender is likely to occur around the area of the original crime, indicating that a repeated crime is likely in areas with similar spatial features to the area where the crime occurred. Full article

(This article belongs to the Topic Sustainable Real Estate and Resilient Cities: Management, Assessment and Innovations)

► Show Figures

Figure 1

Open AccessArticle

From TOD to TAC: Why and How Transport and Urban Policy Needs to Shift to Regenerating Main Road Corridors with New Transit Systems

Peter Newman

Sebastian Davies-Slate

Daniel Conley

Karlson Hargroves

and

Mike Mouritz

Urban Sci. 2021, 5(3), 52; https://doi.org/10.3390/urbansci5030052 - 07 Jul 2021

Abstract

The need for transit oriented development (TOD) around railway stations has been well accepted and continues to be needed in cities looking to regenerate both transit and urban development. Large parts of suburban areas remain without quality transit down main roads that are usually filled with traffic resulting in reduced urban value. The need to regenerate both the mobility and land development along such roads will likely be the next big agenda in transport and urban policy. This paper learns from century-old experiences in public–private approaches to railway-based urban development from around the world, along with innovative insights from the novel integration of historical perspectives, entrepreneurship theory and urban planning to create the notion of a “Transit Activated Corridor” (TAC). TACs prioritize fast transit and a string of station precincts along urban main roads. The core policy processes for a TAC are outlined with some early case studies. Five design principles for delivering a TAC are presented in this paper, three principles from entrepreneurship theory and two from urban planning. The potential for new mid-tier transit like trackless trams to enable TACs is used to illustrate how these design processes can be an effective approach for designing, financing and delivering a “Transit Activated Corridor”. Full article

(This article belongs to the Topic Sustainable Real Estate and Resilient Cities: Management, Assessment and Innovations)

► Show Figures

Figure 1

Submit your Abstract

Journal Name	Impact Factor	CiteScore	Launched Year	First Decision (median)	APC
Sustainability sustainability	3.251	3.9	2009	15.35 Days	1900 CHF	Submit
Buildings buildings	2.648	4.2	2011	16.38 Days	1600 CHF	Submit
Urban Science urbansci	-	-	2017	18.15 Days	1000 CHF	Submit

184 Topics

Sustainable Real Estate and Resilient Cities: Management, Assessment and Innovations

Share This Topic

Topic Board

Keywords

Relevant Journals List

Published Papers (5 papers)

Further Information

Guidelines

MDPI Initiatives

Follow MDPI