Sustainable Communities and Real Estate Value: A Review

Kola Akinsomi, Oguntona Olusegun, Andersson Magnus and Lundin Andrea

ERES from European Real Estate Society (ERES)

Abstract: Several works have investigated sustainable communities globally. Turner-Skoff and Nicole Cavender (2019) examine the role of trees and their role for people and the planet. Their study shows that trees are essential for healthy communities and people, and they benefit and can help cities meet 15 of the 17 United Nations sustainable development goals. Schweizer-Ries (2008) examines the role of energy sustainability and the environmental and psychological aspects of the change in energy supply and demand. The paper examines energy-sustainable communities and examines a case study as an example of a community in Germany. Duxbury and Jeannotte (2011) discuss the role of culture and sustainable communities and its benefits to people who live in these communities.Therefore, this literature review attempts to fill the gap in the literature on sustainable communities, which are still quite unpopular globally, by examining the best practices in sustainable communities by examining past literature, exploring and having a clearer understanding of how it impacts real estate value.

Keywords: Global climate; real estate; Sustainable communities; Valuation (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2024-01-01
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2024-223

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