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Sustainable Communities and Real Estate Value: A Review

Author

Listed:
  • Kola Akinsomi
  • Oguntona Olusegun
  • Andersson Magnus
  • Lundin Andrea

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.

Suggested Citation

  • Kola Akinsomi & Oguntona Olusegun & Andersson Magnus & Lundin Andrea, 2024. "Sustainable Communities and Real Estate Value: A Review," ERES eres2024-223, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2024-223
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2024-223
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    More about this item

    Keywords

    Global climate; real estate; Sustainable communities; Valuation;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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