Sustainable Buildings: Market Value And Market Share

The holistic look at the buildings over their life cycle and the implementation of the principles of sustainable development are two main trends, which could be observed in the realty market and in the construction sector in recent years. Environmental concerns and social well-being are beginning to influence the property markets and the pricing of properties. Users and owners of properties already begin to consider benefits and risks associated with ownership and using sustainable buildings. This fact is beginning to reflect in the increasing share of sustainable buildings on the realty market. Is their market value different in comparison with common properties? It is necessary to combine knowledge and experience from economic field with technical experiences and knowledge of social issues and relation to environment within assessment of sustainability buildings. Sustainable buildings are mostly more resistant to obsolescence. Their service could be cheaper, they may offer higher quality of life and they might increase the owner image. This can reflect in higher market value of sustainable buildings in comparison with conformal buildings. This paper deals with application of basic appraisal methods in terms of sustainable building assessment, especially with difficulties how to argue their higher value. This paper summarizes the market share of sustainability buildings in the Czech Republic on example of family houses

Methodology for evaluation of the life cycle of buildings with a focus on the private sector

The paper describes the innovative methodology for the evaluation of the life cycle of buildings, which will be used in construction projects of Skanska, or other construction companies, in selecting the optimal solution from the point of view of construction engineering and LCC. The aim is to help LCC to be perceived by construction practice as a topic that needs to be addressed at the beginning of each construction project. The quantification of life cycle costs based on relevant input data on the technical parameters of the construction, structural elements and equipment, the time period of incurring the related costs should be an important basis for the decision of the investor, designer and future user of the building also with regard to environmental and social aspects, and in particular the long-term economic consequences

Methodology for Calculating the Reproduction Value of Buildings

The article deals with the description of the methodology for calculating the reproduction value of buildings. It is a mathematical model that uses data obtained from a statistical survey and calculates the total reproduction value of buildings from a large data set. The model works with many variable inputs that describe the valued building. These include, for example, the use of the building, the enclosed space of the building, the floor area of the building, the building material of the supporting structures of the building, the age of the building, the technical condition of the building, the year the building was acquired and others. Based on the results, the model was calibrated and its parameters optimized to achieve the most accurate values

Impacts of Crisis on the Real Estate Market Depending on the Development of the Region

The article compares the effects of crisis on the real estate market in two regions of the Czech Republic that differ from a macroeconomic point of view. The region of Prague represents the rich and developed region while the Karlovy Vary region struggles with many socio-economic and structural problems. An analysis was performed for the time period of 2018 to 2022. It analyzed the development of apartment prices in both regions, the availability of housing, the turnover of the real estate market in terms of the number of apartment sales, the development of liens on real estate, the number of apartment transfers from state property to private ownership, and the development of the number of real estate foreclosures. The basis for creating statistical outputs is the EVAL software, which was developed by one of the co-authors of this article. The EVAL software collects price offers of apartments offered for sale and rent throughout the Czech Republic and collects publicly available data from the cadastral office. The authors found that the real estate market experienced a significant turnaround in the volume of mortgage loans granted in 2022. This decline led to a significant drop in the total volume of real estate transactions. The findings suggest that potential buyers should wait for property prices to drop before buying, while rental property owners and investors can take advantage of the increased demand for properties

2113 A tool for developing a plan for the renovation and remediation of cultural heritage buildings

Cultural heritage monuments are, to a large extent, public goods of collective consumption, and their preservation is in the public interest of the society as a whole. The benefits arising from the owner's investment and resulting from the existence and the use of a cultural heritage monument are usually not ``consumed'' solely by the owner, but, to a greater or lesser extent, by the whole society or a particular group. In the case of the renovation and remediation of cultural heritage buildings, the life-cycle costs are determined in the operational phase, before the intended renovation or remediation. They should be used to select an economically sustainable solution, with the maximum potential to preserve the cultural and historical value. The paper presents the application designed for the elaboration of plans for the renovation and remediation of cultural heritage monuments, developed in the form of a web interface. The application processes data at the level of individual structural elements. For faster and more comfortable users' work, a database of type objects is used, which combines primary data from the level of structural elements