World Congress on

Civil, Structural, and Environmental Engineering

  • Renaissance London Heathrow Hotel
  • March 10-11, 2025
;
Dr. Monika Gwozdz Lason

 

Dr. Monika Gwozdz Lason

University of Bielsko-Biala
Poland

Abstract Title: Impact of Market and Construction Industry Innovations on Market, Replacement, and Investment Values of Real Estate

Biography:

Position: Assistant Professor / Research and Didactic Employee University of Bielsko-Biala - UBB Engineering and Technical & Economic and Social science Discipline of Civil Engineering and Transport

Academic Functions:

- Secretary of the Civil Engineering and Transport Discipline Council at UBB
- Member of the Ethics Committee for Scientific Research at UBB
- Member of the Faculty Education Quality Committee at WIMBiS UBB
- Departmental Coordinator for the ERASMUS+ Program at UBB
- Chairman of the Commission for the development of education programs in English at UBB
- Member of the Commission for Education Programs in the field of Construction
- Tutor for 1st and 2nd degree students
- Supervisor of engineering and master's theses; Auxiliary supervisor of the doctoral dissertation

Research Interest:

New trends in construction, which are preferred by EU directives, are fostering numerous innovations in the design, execution, and management of construction investments. These innovations apply both to the implementation of new buildings and to the renovation and modernization of existing structures. The emerging new characteristics of real estate, in terms of their adaptation to sustainable development principles or their construction using low-emission materials (e.g., in terms of carbon footprint), or their design and construction with very high performance coefficients, significantly impact the values of these properties, as discussed in this article. In response to global ecological challenges and growing social awareness, the real estate market in Europe is undergoing an evolution aimed at promoting buildings with ecological certificates and high energy efficiency. This shift is also focused on improving the quality and usability standards of both new and renovated or modernized properties. Currently, BIM design technologies and IT systems are being integrated with building management systems to collect real-time data for analysis and to identify optimal strategies for enhancing energy efficiency and reducing operational costs. These innovations are being tested and implemented in projects at universities and companies. The aim of this study is to analyze investment and replacement costs for different types of real estate markets in the context of technology, innovation, and sustainable development. The study also seeks to estimate the importance of these factors when valuing the market value of new types of real estate. The analysis presented in the article covers the period from 2020 to 2024, focusing on the European Union market, with particular emphasis on Poland, and mainly addresses companies, investors, and established players in the real estate industry. The study is based on an analysis of typical investment solutions as a starting point, which are compared using the comparative and income approaches. The differences are statistically examined, and common trends are identified through the weighted data of innovative characteristics of buildings and structures. Sustainable development and the United Nations Agenda 2030 are hot topics of discussion in the real estate valuation sector, as professionals seek effective solutions to address emerging changes in real estate market values. A potential solution for a smooth transition to the valuation method described is to unite all economic sectors and create a common open platform with uniform data. This platform would serve as the foundation for testing the developed methods of assessing sustainable development within the real estate and construction industries, focusing on market, investment, and replacement aspects.

Keywords: real estate valuation; building management; smart building; new construction design; construction market research; econometric model.

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