Real estate market as an indicator of urban sustainable development

Abstract

The present study analysed the real estate market and the methodological aspects used for the assessment of the real estate market influence on urban sustainable development. Real estate market activity was proposed to be used as a sustainable development indicator. Research methods included comparative and expert analyses; research synthesis; systemic, structural, and strategic approaches. Recent research in the real estate market efficiency and sustainability provided the theoretical and methodological basis. The data for research were collected from official statistics, international assessment reports, corporate performance reports, rating, and regulations. The present study facilitated better understanding of challenges in achieving sustainability in the real estate market, i.e. the use of the real estate market as a sustainable development indicator and a source of information for risk assessment, the integration of ESG principles into management practice, and the development of the methodology for sustainability assessment.