Urban Greenery as a Component of Real Estate Value

Modeling Urban Dynamics: Mobility, Accessibility and Real Estate Value

For many decades, aggregate data (pertaining to zones) were used to study urban dynamics, using summary methods that rarely permitted the study of urban phenomena at the spatial process level [CLI 81]. Given the scarcity of data and lack of technology capable of processing data to model the details of the process, urban studies’ research was still able to obtain conclusive results with regard t...

The contribution of a mature real estate market to urban regeneration: What are the prerequisites?

Riskiness of Real Estate Development: A Perspective from Urban Economics & Option Value Theory∗

Conventionally, investment in real estate development is viewed as being riskier than investment in stabilized property assets. In this paper we define a new construct for urban economic analysis which puts this conventional wisdom in a new light. We call the new construct, the Development Asset Value Index (DAVI). The DAVI is a value index for newly-developed properties (only) in a geographica...

Feedback Between Real Estate and Urban Economics

This paper considers the implications of increasing land supply constraints in the United States on urban demand. First, because shifts in demand are now capitalized more into the price of land, house prices in some metropolitan areas have grown increasingly unaffordable to typical households. This might have an effect on the fundamental character of such cities. Second, the effect of home owne...

Option Value in Presale of Real Estate Property

A common practice in real estate markets is the sale of housing development units before completion, and in some cases even before beginning of the actual construction, known as presale. Developers that choose to presell units are subject to default on the part of the buyers if market conditions become unfavorable. In recent years, court rulings in Brazil have established that developers must r...