Real Estate’s value is unquestioned in terms of its measure financially and in economics. But the... more Real Estate’s value is unquestioned in terms of its measure financially and in economics. But there are forms and areas of value that do not lend themselves to easy or obvious modes of measurement and whilst these may be appreciated, they are not easily formally assessed or measured. This paper looks into the ‘tapestry’ of real estate value, recognizing that tapestries comprise multiple threads that are woven together to reveal a pattern or picture that can only be appreciated when the observer takes a step back and considers the contribution made by these multiple threads. The paper is conceptual and draws on both existing theories and cases. These are linked via the use of the ‘triple bottom line’ approach to the recording of areas of value: economic, social and environmental. The paper considers the concept of value and the definition of real estate and, from weaving together the various concepts of value and illustrations of cases that illustrate aspects of the variety of value ...
Real Estate’s value is unquestioned in terms of its measure financially and in economics. But the... more Real Estate’s value is unquestioned in terms of its measure financially and in economics. But there are forms and areas of value that do not lend themselves to easy or obvious modes of measurement and whilst these may be appreciated, they are not easily formally assessed or measured. This paper looks into the ‘tapestry’ of real estate value, recognizing that tapestries comprise multiple threads that are woven together to reveal a pattern or picture that can only be appreciated when the observer takes a step back and considers the contribution made by these multiple threads. The paper is conceptual and draws on both existing theories and cases. These are linked via the use of the ‘triple bottom line’ approach to the recording of areas of value: economic, social and environmental. The paper considers the concept of value and the definition of real estate and, from weaving together the various concepts of value and illustrations of cases that illustrate aspects of the variety of value ...
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Papers by Andrew Edkins