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dc.contributor.authorEncinas, Felipe
dc.contributor.authorMarmolejo Duarte, Carlos Ramiro
dc.contributor.authorAguirre Núñez, Carlos Andrés
dc.contributor.otherUniversitat Politècnica de Catalunya. Departament de Tecnologia de l'Arquitectura
dc.coverage.spatialeast=-70.6692655; north=-33.4488897; name=PA369-Parada 5 / (M) República, Santiago, Región Metropolitana, Xile
dc.identifier.citationEncinas, F., Marmolejo, C., Aguirre, C. The impact of real estate projects and their sustainability characteristics on land values: cause or consequence? two case studies from Santiago, Chile. "REVISTA HABITAT SUSTENTABLE", 1 Desembre 2016, vol. 6, núm. 2, p. 71-79.
dc.description.abstractFrom the point of view of developers, there is the belief that location determines the main characteristics of real estate projects. On the contrary, the bid rent theory proposes that land receives value from that which it supports, as expressed by means of architectural attributes. In light of two case studies in Santiago, Chile, the relationship between land value and real estate value was studied with the aim of identifying the meaning of this causality and the role of sustainability characteristics – as an expression of emergent architectural attributes – in price formation. It was observed that the interaction between land value and architectural characteristics generates property price through circular causality, where there is a certain typology for each location that can produce submarkets. In this sense, sustainability attributes effectively influence the creation of value – but not linearly – which clearly suggests the presence of housing submarkets according to price level, and a new element in the relationship between land and architectural attributes.
dc.format.extent9 p.
dc.subjectÀrees temàtiques de la UPC::Urbanisme::Aspectes econòmics
dc.subjectÀrees temàtiques de la UPC::Urbanisme::Ordenació del territori
dc.subject.lcshReal estate business -- Chile -- Santiago
dc.subject.lcshReal property -- Chile -- Santiago
dc.subject.lcshLand use -- Planning -- Chile -- Santiago
dc.subject.lcshSustainable urban development -- Chile -- Santiago
dc.subject.otherReal estate market
dc.subject.otherUrban land
dc.subject.otherSustainability characteristics
dc.titleThe impact of real estate projects and their sustainability characteristics on land values: cause or consequence? two case studies from Santiago, Chile
dc.subject.lemacNegocis immobiliaris -- Xile -- Santiago
dc.subject.lemacBéns immobles -- Xile -- Santiago
dc.subject.lemacOrdenació del territori -- Xile -- Santiago
dc.subject.lemacDesenvolupament urbà sostenible -- Xile -- Santiago
dc.contributor.groupUniversitat Politècnica de Catalunya. CPSV - Centre de Política de Sòl i Valoracions
dc.rights.accessOpen Access
dc.description.versionPostprint (published version)
local.citation.authorEncinas, F.; Marmolejo, C.; Aguirre, C.A.
local.citation.publicationNameREVISTA HABITAT SUSTENTABLE

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