New build or conversion? Stakeholder preferences in inner city residential property development
Abstract
Purpose
This research aims to analyse the preferences within key groups for the conversion of existing buildings or the construction of new buildings for private residential purposes in Sheffield city centre.
Design/methodology/approach
A literature review analysed the factors which have increased in importance and influenced the choice between city centre private residential conversion and new build. Interviews with professionals including developers, planners and property agents, the key stakeholders and in this case, practitioners within Sheffield, examined the sustainability, technical and financial issues in the residential property development.
Findings
The results revealed that developers preferred new build for city centre private residential development. Though the urban planners of Sheffield had no preferences, they encouraged the reuse of buildings, but due to a scarcity of suitable redundant buildings for conversion it is inevitable that the city will see new build on the cityscape in future.
Practical implications
As the housing market loses the impetus of recent years the predictions made in this paper will provide useful advice to property developers in avoiding costly investment mistakes.
Originality/value
This study provides a case study upon which to base similar studies of residential urban regeneration projects in other locations.
Keywords
Citation
Rhodes, L. and Wilkinson, S. (2006), "New build or conversion? Stakeholder preferences in inner city residential property development", Structural Survey, Vol. 24 No. 4, pp. 311-318. https://doi.org/10.1108/02630800610704445
Publisher
:Emerald Group Publishing Limited
Copyright © 2006, Emerald Group Publishing Limited