Journal of Property Investment & Finance: Volume 40 Issue 4

Guest editorial: Sustainability and climate change; the challenge ahead. With dedication to Sarah Sayce

Georgia Warren-Myers

Valuing sustainability in real estate: a case study of the United Arab Emirates

Tess Lambourne

The purpose of this paper is to determine if there is an impact of sustainability on the market in terms of a green premium or a brown discount on the price of commercial and…

Development in a state of climate change: an Australian case study of government response

Lucy Cradduck, Georgia Warren-Myers

This research seeks to understand the potential impact to investors from government responses to climate change risk, as reflected in changes to planning processes made after…

Stochastic framework for carbon price risk estimation of real estate: a Markov switching GARCH simulation approach

Cay Oertel, Ekaterina Kovaleva, Werner Gleißner, Sven Bienert

The risk management of transitory risk for real assets has gained large interest especially in the past 10 years among researchers as well as market participants. In addition, the…

Valuing sustainability part 1: a review of sustainability consideration in valuation practice

Georgia Warren-Myers

The research investigates valuers' understanding of the value of sustainability in property and its consideration in valuation practice. The paper explores the extant research…

The increasing importance of environmental sustainability in global real estate investment markets

Graeme Newell, Muhammad Jufri Marzuki

Within the context of ESG (Environment, Social and Governance), environmental sustainability has taken on increased global importance in recent years. Similarly, real estate…

Climate risks and their implications for commercial property valuations

Sarah Louise Sayce, Jim Clayton, Steven Devaney, Jorn van de Wetering

The authors outline a framework that captures the channels through which physical climate risks could affect cash flows and pricing of income-producing real estate. This…