Smart Growth is a Financially-Sound Investment
In these uncertain economic times, the real estate market has slowed down considerably. It seems that the era of building large houses on empty lots might be stalled for now – at least, if investors heed the advice from the Emerging Trends in Real Estate 2010 report. In this analysis, the authors partly advise that future investments should be in line with new urbanism and transit access, as more people are seeking housing that will help reduce their energy expenses.
The report does suggest that smart growth/sustainable development might be equivalent with smarter investments:
The lifestyle cost-of-living equation starts to swing away more dramatically from bigger houses on bigger lots at the suburban edge to greater convenience and efficiencies gained from infill housing closer to work.
For any developers and/or real estate investors: Do you agree with the report? Does this signify that future development will take the (new) urbanism route?
Posted on November 10, 2009, in Housing, Public Infrastructure, Regions, Trends, Urbanism and tagged development, environment, smart growth, urban development. Bookmark the permalink. Leave a comment.