Research project 2b (DC 4) works on the subject of ‘PhD Position Climate change and sustainability transition in circular real estate valuation’. Using quantum concepts, this research will focus on understanding location features affecting the value of a building, specifically with respect to climate change. Following, this project will study the potential of buildings being adaptively reused, maintaining their use and avoiding vacancy (and obsolescence), and building and location features affecting value depreciation or increase.
A particularly relevant issue is whether adaptable buildings depreciate at a slower rate than less adaptable buildings in locations that are affected by climate change. Another question is which locations would be more favourable for adaptable developments or extending building lifespan and which locations would be favourable for demountable or shorter lifespan buildings.
The objective of project 2b is to explore, develop and test the value of a building in its urban setting, considering location factors and the impact of different uses, temporary or permanent. Furthermore, the aim of project 2b is to develop knowledge on factors to be included in building valuation, including also climate changes, adaptation and mitigation, circularity and building adaptability.
Host Institute: University of Naples Federico II
Country: Italy