Model of real estate development evaluation from the point of view of sustainability

Abstract

The article analyzes the concept of sustainable development and the application of it‘s principles in expanding the real estate market. The paper is devoted to evaluate the opportunities of real estate development, overview Lithuanian and foreign authors’ papers and the researches they carried out. For this aim the article contains the definition of sustainable development and the diversity of it‘s interpretation, specification of the real estate market and it‘s fluctuations during different periods of time, the asset valuation possibilities and the use of new models, a short introduction of device-based decision support system, and models dedicated to analyze investment in real estate. Conclusions about the viability of the potential considered are drawn in the end of the paper.