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Hidden Public Value Identification of Real Estate Management Decisions

Author

Listed:
  • Kazak Jan K.

    (Wrocław University of Environmental and Life Sciences, Poland)

  • Hendricks Andreas

    (University of the Federal Armed Forces Munich, Germany)

  • Simeunović Nataša

    (Sinergija University, Bosnia and Herzegovina)

Abstract

Seeing as how cities nowadays have to face many challenges (such as: urban traffic management, revitalization, and adaptation to climate change.), different kinds of urban policies and actions are undertaken. Many of these actions result in changes that influence real estate, mostly by improving the conditions of public services. However, implementation of such urban policies is connected with significant costs that have to be covered by public funds. Therefore, the question arises how we can analyze the assumed benefits from the increase of real estate value? Which tool could allow stakeholders to search for potential added value?

Suggested Citation

  • Kazak Jan K. & Hendricks Andreas & Simeunović Nataša, 2019. "Hidden Public Value Identification of Real Estate Management Decisions," Real Estate Management and Valuation, Sciendo, vol. 27(4), pages 96-104, December.
    • Handle: RePEc:vrs:remava:v:27:y:2019:i:4:p:96-104:n:9
    DOI: 10.2478/remav-2019-0039
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    References listed on IDEAS

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    More about this item

    Keywords

    public value; real estate market; urban design decisions; cause effect chain; causal loop diagram;
    All these keywords.

    JEL classification:

    • H00 - Public Economics - - General - - - General
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies

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