The Analysis of Urban Planning Aspects and Development of Residential Real Estate in Tallinn, Estonia

At the present time, the world’s population is rapidly increasing, and the existing resources, which are limited, are being significantly consumed. Due to this fact, in order to use these resources more efficiently, the concept of planning day by day gains importance in the framework of sustainable...

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Main Authors: Köse İstemi Alp, Kauškale Linda
Format: Article
Language:English
Published: Sciendo 2020-01-01
Series:Baltic Journal of Real Estate Economics and Construction Management
Subjects:
Online Access:https://doi.org/10.2478/bjreecm-2020-0015
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author Köse İstemi Alp
Kauškale Linda
author_facet Köse İstemi Alp
Kauškale Linda
author_sort Köse İstemi Alp
collection DOAJ
description At the present time, the world’s population is rapidly increasing, and the existing resources, which are limited, are being significantly consumed. Due to this fact, in order to use these resources more efficiently, the concept of planning day by day gains importance in the framework of sustainable development. Although Estonia is one of the countries that has the fewest number of people in Europe, owing to its economic reliability, high development level and worldwide awareness of the field of software, Estonia has become one of the less affected countries by the crisis. At the same time, Estonia is one of European countries that executes planning for long-term economic development. The aim of the research is to analyse the interrelation aspects between urban planning and residential real estate development on different levels in Tallinn, capital of Estonia, in the context of sustainable development. Analysis and synthesis, comparison, observation, and logical deduction methods are used within the research. According to the research conducted, the price ranges of real estate objects are closer to each other in the condition towards homogeneity in residential settlements which have similar residential and planning features. It can be recommended to build a contemporary system regarding interrelation of urban decisions and tendencies within development of the real estate market, which can help investors and other market participants in sustainable, efficient, and long-term decision making.
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spelling doaj.art-f0a5316edb404308a21d684b1a7849322022-12-22T03:13:47ZengSciendoBaltic Journal of Real Estate Economics and Construction Management2255-96712020-01-018120822610.2478/bjreecm-2020-0015The Analysis of Urban Planning Aspects and Development of Residential Real Estate in Tallinn, EstoniaKöse İstemi Alp0Kauškale Linda1Freelancer Architect, Istanbul, TurkeyRiga Technical University, Riga, LatviaAt the present time, the world’s population is rapidly increasing, and the existing resources, which are limited, are being significantly consumed. Due to this fact, in order to use these resources more efficiently, the concept of planning day by day gains importance in the framework of sustainable development. Although Estonia is one of the countries that has the fewest number of people in Europe, owing to its economic reliability, high development level and worldwide awareness of the field of software, Estonia has become one of the less affected countries by the crisis. At the same time, Estonia is one of European countries that executes planning for long-term economic development. The aim of the research is to analyse the interrelation aspects between urban planning and residential real estate development on different levels in Tallinn, capital of Estonia, in the context of sustainable development. Analysis and synthesis, comparison, observation, and logical deduction methods are used within the research. According to the research conducted, the price ranges of real estate objects are closer to each other in the condition towards homogeneity in residential settlements which have similar residential and planning features. It can be recommended to build a contemporary system regarding interrelation of urban decisions and tendencies within development of the real estate market, which can help investors and other market participants in sustainable, efficient, and long-term decision making.https://doi.org/10.2478/bjreecm-2020-0015heterogeneity of real estate marketpublic-private partnershipreal estate developmentreal estate marketresidential real estatesustainable developmentsustainable development goalstallinnurban planning
spellingShingle Köse İstemi Alp
Kauškale Linda
The Analysis of Urban Planning Aspects and Development of Residential Real Estate in Tallinn, Estonia
Baltic Journal of Real Estate Economics and Construction Management
heterogeneity of real estate market
public-private partnership
real estate development
real estate market
residential real estate
sustainable development
sustainable development goals
tallinn
urban planning
title The Analysis of Urban Planning Aspects and Development of Residential Real Estate in Tallinn, Estonia
title_full The Analysis of Urban Planning Aspects and Development of Residential Real Estate in Tallinn, Estonia
title_fullStr The Analysis of Urban Planning Aspects and Development of Residential Real Estate in Tallinn, Estonia
title_full_unstemmed The Analysis of Urban Planning Aspects and Development of Residential Real Estate in Tallinn, Estonia
title_short The Analysis of Urban Planning Aspects and Development of Residential Real Estate in Tallinn, Estonia
title_sort analysis of urban planning aspects and development of residential real estate in tallinn estonia
topic heterogeneity of real estate market
public-private partnership
real estate development
real estate market
residential real estate
sustainable development
sustainable development goals
tallinn
urban planning
url https://doi.org/10.2478/bjreecm-2020-0015
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