Hidden Public Value Identification of Real Estate Management Decisions

Abstract

Seeing as how cities nowadays have to face many challenges (such as: urban traffic management, revitalization, and adaptation to climate change.), different kinds of urban policies and actions are undertaken. Many of these actions result in changes that influence real estate, mostly by improving the conditions of public services. However, implementation of such urban policies is connected with significant costs that have to be covered by public funds. Therefore, the question arises how we can analyze the assumed benefits from the increase of real estate value? Which tool could allow stakeholders to search for potential added value?

Keywords

• public value
• real estate market
• urban design decisions
• cause effect chain
• causal loop diagram
• h00
• r38
• r51