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The life cycle of a brownfield project begins when an eligible entity identifies a brownfield property in its community and also identifies the community's redevelopment needs and goals. This property then undergoes an All Appropriate Inquiry or Environmental Site Assessment to assess the potential liability associated. If a recognized ...
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
In the United Kingdom, brownfield land and previously developed land (PDL) have the same definition under the National Planning Policy Framework (NPPF). [1] [18] The government of the United Kingdom refers to them both as: "Land which is or was occupied by a permanent structure, including the curtilage of the developed land (although it should not be assumed that the whole of the curtilage ...
Issues such as soil remediation goals and planning for brownfield reuse are important to address. [5] Most of the brownfield sites for redevelopment are located in cities, and can be used for residential or commercial purposes to obtain the greatest land price. [5] However, many have pollution history spanning half a century or more. [5]
In economics, land comprises all naturally occurring resources as well as geographic land. Examples include particular geographical locations, mineral deposits, forests, fish stocks, atmospheric quality, geostationary orbits, and portions of the electromagnetic spectrum. Supply of these resources is fixed. [1]
In some cases, a proposed use might be the highest and best use but for some cost that changes the net economics. An example might be an industrially-used site that can now be used legally for high-rise residential buildings, but would cost so much to clean up (remediate) that the value as currently used is higher.
Billionaire investor Ray Dalio believes the chances of a second American Civil War stand better than one out of three and is urging investors to move part of their assets out of the country.
A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g., in the case of conveyance, one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...