Sustainability and the Estimate of the Impact of Environmental Factors upon Properties’ Values

Daniel Manate
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Daniel Manate: UAV Arad

Annals of University of Craiova - Economic Sciences Series, 2008, vol. 3, issue 36, 1367-1370

Abstract: The Law and International Practices in environmental issues target to secure the sustainability of businesses and society, harmonized with nature, in order to preserve the natural resources for the next generations, and imposing a long term consuming pattern. Around the world, valuing human and natural capital became common practice too, not only for economical but also for ethical reasons, these activities contributing to consolidate the positive effects of sustainability. Today, it’s fully recognized that environmental factors can, sometimes, have a strong and negative impact to different businesses and assets, diminishing their fair market value. Thus, an important concern of appraiser community is to identify the best practices for estimating the effect of such factors to the market value of properties.

Keywords: sustainability; environmental factors; best valuation practices (search for similar items in EconPapers)
JEL-codes: Q00 Q13 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:3:y:2008:i:11:p:1367-1370

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