From modelling tools towards the market itself ‐an opportunity for sustainability assessment?

Abstract

Market based analyses of residential property value traditionally fall within two broad research traditions: a ‘ more practical'value analysis tradition and a ‘ more academic’ market analysis tradition. While there is a steady flow of information from the latter to the former direction, until recently very little such information diffusion has occurred from the former to the latter modelling tradition. In such a learning process, the value modelling performance could serve as a guideline for what kind of market model is valid and feasible for a given dataset with certain recognisable tendencies. On the other hand, the characterisation of particular market circumstances is a key determinant of real estate sustainability. A sustainable market generates a sustainable value, which then can be used as an attractiveness indicator in a broader sense; or in the opposite case, an unsustainable market diagnoses a problem in unsustainable value.

SANTRUKA

Gyvenamosios nuosavybes vertes analizes pagal rinkas paprastai skirstomos i dvi plačias tiriamojo darbo tradicijas: “praktiškesne” vertes analizes tradicija ir ‘akademiškesne” rinkos analizes tradicija. Nors akademines analizes informacija nuolatos pasiekia praktiškaja puse, dar visai neseniai informacijos tekejimas iš praktiškosios puses i akademine buvo labai nedidelis. Naudojant toki mokymosi procesa, vertes modeliavimas galetu tapti gairemis, nustatant, kuris rinkos modelis yra veiksmingas ir imanomas pagal turimus duomenis su tam tikromis atpažistamomis tendencijomis. Kita vertus, konkrečiu rinkos aplinkybiu charakterizavimas ‐ pagrindinis lemiamas veiksnys, darantis itaka nekilnojamojo turto darnai. Darni rinka kuria subalansuota verte, kuria veliau galima naudoti kaip patrauklumo rodikli platesniaja prasme, o priešingu atveju, nedarni rinka rodo nesubalansuotos vertes problema.

Keywords:

• Modelling
• Market
• Sustainability
• Residential property value