Does 3D Information Modeling Give Better Vision To Deal With Future Real Estate Capacities of Inaccessible Areas Within Conflict Zones?

Mohsen Shojaee Far and Carlos Marmolejo Duarte

ERES from European Real Estate Society (ERES)

Abstract: Changes in technological paradigm regarding the information modeling of geospatial data (geomatics) brought significant possibilities of virtual simulation of urban environments via aggregation of information from different sources into a geometric model. These capacities have been used in many different disciplines from military and governmental uses to commercial systems, such as satellite 3D models of different areas (i.e. Google Maps) or GIS data and BIM models. Considering this technological possibility as a tool of visualization of urban components, for urban planning purposes and real estate evaluations, provides an integrated system of management, integration and distribution of complex urban geo-information. As an alternative use of such systems, this study explores the capacities and advantage of using information modeling approaches for simulating the inaccessible areas within geopolitically conflict zones (either by legal or physical restrictions--geopolitical brownfields) to provide a visual presentation of current physical conditions of given areas. This approach may also open possible visions on potential future real estate capacities of those affected areas and its peripheries, where more accurate and reliable development and regeneration proposals may produce accordingly. Correspondingly a methodological framework of data collection (aggregation of information) and also simulations suggested, which consequently may deliver more efficient decisions on future real estate market capacities to decision makers (authorities), real estate experts, and urban planners.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2015-07-01
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