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Investment appraisal tools and sustainability evaluation in social housing

Higham, AP and Fortune, CJ 2012, Investment appraisal tools and sustainability evaluation in social housing , in: Association of Researchers in Construction Management (ARCOM) 28th Annual Conference, 3 - 5 September 2012, Edinburgh.

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Abstract

Conventional decision making in all aspects of the asset management sector has largely been based around the key concepts of risk reduction and maximization of returns. Yet the RICS (2009) has called for surveying professionals to significantly modify their current practice to ensure it aligns with the government policy which has sought to encourage sustainable development through sustainable construction and property management. For organizations operating in the social housing sector this has meant reinvesting, through regeneration and improvement programmes in their existing socially excluded neighbourhoods in order to deliver ‘sustainable communities.’ The work reported in this paper focuses on a quantitative study executed to assess the extent to which current practice in the social housing sector has been modified to consider sustainable aspects of property investment, and specifically to identify the tools and techniques used. Using a questionnaire survey data was gathered from 250 social housing providers in the United Kingdom achieving a response rate of 15%. The interim findings suggest while social housing property directors understand the importance of considering sustainability they have not yet achieved the paradigm shift in terms of its implementation called for in the literature.

Item Type: Conference or Workshop Item (Paper)
Themes: Built and Human Environment
Schools: Schools > School of the Built Environment
Journal or Publication Title: Proceedings of the 28th Annual Association of Researchers in Construction Management (ARCOM) Conference
Publisher: Association of Researchers in Construction Management (ARCOM)
Refereed: Yes
Funders: Non funded research
Depositing User: AP Higham
Date Deposited: 31 Jul 2015 16:11
Last Modified: 05 Apr 2016 19:29
URI: http://usir.salford.ac.uk/id/eprint/35397

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