Sustainability of micro-locations vs. house price premiums in a post-socialist/CEE city

Tom Johannes Kauko

Research output: Contribution to journalArticlepeer-review


Real estate is today integrated into the sustainability discourse. Increasingly the sustainability of buildings and land are evaluated along environmental-ecologic, social-cultural and economic-financial dimensions. In this paper data on house prices and sales volumes from Budapest, Hungary, for the period 2000-09 are analyzed using time-windows generated by self-organizing map (SOM) algorithms. Subsequently, upper-market cases and their micro-locations are related to sustainability innovations insofar as such exist, which is examined using interviews and site visits. The results suggest that such features are largely absent in the period of data collection, although future markets are likely to be different in this respect.
Original languageEnglish
Number of pages66
JournalJournal of Sustainable Real Estate
Publication statusPublished - 2014


  • house prices
  • the self-organizing map (SOM)
  • urban sustainability
  • Budapest
  • micro-locations


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