Property economics: growth theory and valuation of sustainable development options (RICS)

Published May 2005

The diversity of the topics discussed under the heading of sustainable development contributes to the impression that it is a vague concept. Focusing on sustainable development in association with measures of lifestyle and welfare as a process that treats property as a resource which is valued in a manner such that consumption of present users does not reduce the stock of property available for future consumers enables a parsimonious and positive economic construction of one aspect of sustainability.