Pricing and Sustainability of Urban Real Estate

Real estate as an academic field has gained momentum in recent years due to the sub-prime crisis and sustainability discourses. Developing a novel framework based on the concept of economic sustainability of real estate locations, the book connects with the recent financial crisis, credit crunch and housing bubble discourses. Three pertinent issues are analysed: price in relation to quality, price in relation to income and the diversity of the product. The analysis consistently applies valuation automata to local house price and other data to develop various economic sustainability metrics, providing metrics for real world decisions concerning economic sustainability.