Sustainable Urban Property Development and Neighbourhood Dynamics

Abstract

Concerns about the sustainability of urban property development are increasing amid broader concerns of sustainable development and contemporary financial crisis. Central to the sustainability agenda are the physical, economic, social, and cultural features of the built environment, together with various institutional parameters therein. This is a review article on property development and neighbourhood dynamics with focus on three interlinked issues: property, neighbourhood and-as a category at the interface of these two topics-urban regeneration; and lastly, about methods and methodology to study such phenomena. The common denominator for these issues here is the location (urban renewal areas, neighbourhoods) in relation to property prices. The paper concludes with a suggestion for a .methodology to evaluate the sustainability of area-level property development activity.