Added Value of Sites Suitable for Sustainable Office Development

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21110%2F21%3A00349679" target="_blank" >RIV/68407700:21110/21:00349679 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.2478/otmcj-2021-0026" target="_blank" >https://doi.org/10.2478/otmcj-2021-0026</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.2478/otmcj-2021-0026" target="_blank" >10.2478/otmcj-2021-0026</a>

Result language
angličtina
Original language name
Added Value of Sites Suitable for Sustainable Office Development
Original language description
Valuations of real estate are widely used and relied upon in 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.
Czech name
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Czech description
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Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical
Organization, Technology and Management in Construction: an International Journal
ISSN
1847-6228
e-ISSN
1847-6228
Volume of the periodical
2021
Issue of the periodical within the volume
13
Country of publishing house
PL - POLAND
Number of pages
7
Pages from-to
2465-2471
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85120862221

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