IDEAS home Printed from https://ideas.repec.org/a/vrs/otamic/v13y2021i2p2465-2471n8.html
   My bibliography  Save this article

Added value of sites suitable for sustainable office development

Author

Listed:
  • Kupec Josef

    (Faculty of Civil Engineering, Czech Technical University in Praguem, Thákurova 7, Praha 6 – Dejvice, 166 29, Czech Republic.)

Abstract

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.

Suggested Citation

  • Kupec Josef, 2021. "Added value of sites suitable for sustainable office development," Organization, Technology and Management in Construction, Sciendo, vol. 13(2), pages 2465-2471, July.
    • Handle: RePEc:vrs:otamic:v:13:y:2021:i:2:p:2465-2471:n:8
    DOI: 10.2478/otmcj-2021-0026
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/otmcj-2021-0026
    Download Restriction: no
    File URL: https://libkey.io/10.2478/otmcj-2021-0026?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:otamic:v:13:y:2021:i:2:p:2465-2471:n:8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.