Green Areas as a component element of the real estate product

a literature review

Authors

DOI:

https://doi.org/10.46421/entac.v20i1.6232

Keywords:

Real estate product, Green areas, Sustainability, SDB

Abstract

In the increasingly competitive real estate market, product attributes are of great relevance. In this context, green areas, especially from the perspective of sustainability and quality of life, as per the Sustainable Development Goals proposed by the UN, can play an important role. It is understood that analyzing research conducted with greenery as a component of real estate products is important. A literature review was conducted to synthesize the studies conducted and explore the potential of greenery in product adaptation. Conceptual divergence was observed, with greenery being associated with vegetation, sustainability, health, and environmental comfort. The existence of a positive relationship is highlighted; thus, greenery, regardless of its definition, constitutes a factor that enhances aspects of properties, with its value attribution having various origins. It is understood that well-explored greenery significantly contributes to product design, adding value both from the entrepreneur's and the consumer's perspectives, with this addition ranging up to 9.52%, depending on the location and typology of the real estate product.

Author Biographies

Vinicius Almeida Soares, Universidade Federal do Pará

Mestrado em Engenharia Civil pela Universidade Federal do Pará.
Doutorando em Engenharia Civil na Universidade Federal do Pará (Belém - PA, Brasil).

Eduardo Marques Sena, Universidade Federal do Pará

Cursando Engenharia Civil na Universidade Federal do Pará (Belém - PA, Brasil).

Felipe Gabbay Alves Carvalho, Universidade Federal do Pará

Cursando Engenharia Civil na Universidade Federal do Pará (Belém - PA, Brasil).

André Augusto Azevedo Montenegro Duarte, Universidade Federal do Pará

Doutorado em Geociências pela Universidade Federal do Pará.

Professor Titular na Universidade Federal do Pará (Belém - PA, Brasil).

Renato Martins das Neves, Universidade Federal do Pará

Doutorado em Engenharia Civil pela Universidade Federal do Rio Grande do Sul.

Professor Associado III na Universidade Federal do Pará (Belém - PA, Brasil).

References

LIU, T. ; CHEN, L. ; YANG, M. ; SANDANAYAKE, M. ; MIAO, P. ; SHI, Y. ; YAP, P. Sustainability Considerations of Green Buildings: A Detailed Overview on Current Advancements and Future Considerations. Sustainability, v. 14, n. 21, p. 14393. 2022.

JOHNSON, R.; KASERMAN, D. Housing market capitalization of energy saving durable good investments. Econ. Inq. 1983, 21, 374–386.

LONGSTRETH, M.; COVENEY, A.R.; BOWERS, J.S. The effects of changes in implicit energy costs on housing prices. J. Consum. Aff. 1985, 19, 57–73.

LAQUATRA, J. Housing market capitalization of thermal integrity. Energy Econ. 1986, 8, 134–138.

LONGSTRETH, M. Impact of consumers’ personal characteristics on hedonic prices of energy-conserving durables. Energy 1986, 11, 893–905.

DINAN, T.M.; MIRANOWSKI, J.A. Estimating the implicit price of energy efficiency improvements in the residential housing market: A hedonic approach. J. Urban Econ. 1989, 25, 52–67.

COSTA, R. G. S. ; FERREIRA, C. C, M. ANÁLISE DO ÍNDICE DE ÁREAS VERDES (IAV) NA ÁREA CENTRAL DA CIDADE DE JUIZ DE FORA, MG. Revista da Sociedade Brasileira de Arborização Urbana, v. 4, n. 1, p. 39, 1 maio 2009.

HINDAGODA, W.; EDIRISINGHE J.; GUNAWARDHANA, T. The Importance Of Green Features In Determining Property Values. International Conference on Real Estate Management and Valuation. Sri Lanka. 2021.

YU, X., MA, S., CHENG, K., KYRIAKOPOULOS, G. L. An Evaluation System for Sustainable Urban Space Development Based in Green Urbanism Principles—A Case Study Based on the Qin-Ba Mountain Area in China. Sustainability v. 12, n 14, p. 5703. Bassel, Suíça. 2020.

Zhang, L.; Fan, Y.; Yang, X.; Zhang, J. Promoting Green Real Estate Development by Increasing Residents’ Satisfaction. Sustainability, v13, p9156. Bassel, Suíça. 2021

ROLIM, E. C. de A. A promoção imobiliária e sua relação com as áreas verdes em Natal/RN. Dissertação de Mestrado, Programa de Pós-Graduação em Engenharia Civil, Natal, RN, 2019.

CADENA, A. ; THOMPSON, T. A. The Value of “Green” in Resale Residential Real Estate: Premium by Neighborhood Value Quintile, Homestead Status and Year. Journal of Sustainable Real Estate, 13:1, 12-29. Oxfordshire, Reino Unido. 2021.

DELL’ANNA, F. Green jobs and energy efficiency as strategies for economic growth and the reduction of environmental impacts. Energy Policy, v. 149, p. 112031, fev. 2021.

AROUL, R. R. ; HANSZ, J. A. ; YANG, J. “Fix it with Green:” The Valuation Impact of Green Retrofits on Residential Transaction Price. Journal of Housing Research, 30:2, 142-162. Londres, Reino Unido. 2021.

GIL, A. C. Como elaborar projetos de pesquisa. 4. ed. São Paulo: Atlas, 2008.

SOARES, V. A. (2018). Análise de Valor de Áreas Verdes como Elemento Componente do Produto Imobiliário na Cidade de Belém. Dissertação de Mestrado, Instituto de Tecnologia, Universidade Federal do Pará, Belém, Pará, Brasil, 2018.

HERMANN, B. M.; HADDAD, E. A. Mercado imobiliário e amenidades urbanas: a view through the window. Estudos Econômicos (São Paulo), v. 35, n. 2, p. 237–269, jun. 2005.

DELL’ANNA, F.; BOTTERO, M. Green premium in buildings: Evidence from the real estate market of Singapore. Journal of Cleaner Production, v. 286, p. 125327, mar. 2021.

MONTES-PULIDO, C. R.. ¿El área verde o el humedal afectan el precio de la vivienda, en un sector de Bogotá? En: Entramado. vol. 19, no. 1.Cali, Colômbia. 2023.

MARMOLEJO-DUARTE, C.; CHEN, A.; BRAVI, M. Spatial Implications of EPC Rankings Over Residential Prices. In Values and Functions for Future Cities; Mondini, G., Oppio, A., Stanghellini, S., Bottero, M.C., Abastante, F., Ed,.; Springer: Cham, suiça, 2020; pp. 51–71.

ABDULLAH, L.; MOHD, T. Hedonic Regression Analysis In Determining The Effect Of Green On High Rise Residential. Planning Malaysia, v. 20, 26. Malásia, 2022.

MASSIMO, D. E., DE PAOLA, P., MUSOLINO, M. MALERBA, A., DEL GIUDICE, F. P. Green and Gold Buildings? Detecting Real Estate Market Premium for Green Buildings through Evolutionary Polynomial Regression. Buildings v. 12, p 621. Bassel, Suíça. 2022.

KIM, K. H. ; JEON, S. ; IRAKOZE, A. SON, K. A Study of the Green Building Benefits in Apartment Buildings According to Real Estate Prices: Case of Non-Capital Areas in South Korea. Sustainability, v. 12, n. 6, p. 2206, 12. Bassel, Suíça. 2020.

PANASOLO, A.; GALVÃO, F.; HIGACHI, H. Y.; OLIVEIRA, E. B.; OLIVEIRA, F. C.; WROBLEWSKI, C. A.; GADDA, T. M. C.; BALBINOT, C. F.. Urban green areas and real estate prices in Curitiba, Brazil. Revista Ibero Americana de Ciências Ambientais, v.11, n.6, p.86-102, Sergipe, Brasil. 2020.

MEI, Y.; ZHAO, X.; LIN, L.; GAO, L. Capitalization of Urban Green Vegetation in a Housing Market with Poor Environmental Quality: Evidence from Beijing. Journal of Urban Planning and Development, v.144, n.3. Reston, Estados Unidos, 2018.

Published

2024-10-07

How to Cite

SOARES, Vinicius Almeida; SENA, Eduardo Marques; CARVALHO, Felipe Gabbay Alves; DUARTE, André Augusto Azevedo Montenegro; NEVES, Renato Martins das. Green Areas as a component element of the real estate product: a literature review. In: NATIONAL MEETING OF BUILT ENVIRONMENT TECHNOLOGY, 20., 2024. Anais [...]. Porto Alegre: ANTAC, 2024. p. 1–11. DOI: 10.46421/entac.v20i1.6232. Disponível em: https://eventos.antac.org.br/index.php/entac/article/view/6232. Acesso em: 24 nov. 2024.

Similar Articles

<< < 11 12 13 14 15 16 17 18 19 20 > >> 

You may also start an advanced similarity search for this article.