Sustainable Development of Real Estate Market and its Assessment Opportunities: Case Study of Latvia

Abstract

Nowadays, more and more attention is being paid to the country's economic development, for which sustainable development of real estate market is important. The topicality of the research is driven by variety of regulations, economic and environmental issues worldwide and the research has a high social, economic and environmental importance. The aim of the research is to analyse significant aspects of sustainable development of real estate market, and to make its assessment in Latvia. Questions that have a high importance for sustainable industry development were analysed in the research as well. Research methods include a combination of quantitative and qualitative research methods, such as analysis, synthesis, statistical data processing, focus group and expert questionnaire and other methods. The survey is focused sectors Construction and Real Estate Operations – primary on managers and employees of enterprises who are working in development of building projects, construction of residential and non-residential buildings, real estate agencies, management of real estate on a fee or contract basis, renting and operating of own or leased real estate, buying and selling of own real estate. Theoretical overview includes world and European experience on the research question and the related problems. The research includes integrated approach of assessment of the real estate market.

Key words: Assessment, case study, Latvia, real estate market, sustainable development