This two-year study commissioned by the Royal Institution of Chartered Surveyors applied the social value approach developed by Prof. Erik Bichard in three contrasting contexts. The aim of the study was to help built environment professionals to understand the importance of considering social and environmental impacts when valuing development projects. The study illustrated the methods used to calculate the monetary value of environmental and social change – particularly in under-invested areas.
The study illustrated the range of methods available to value non-transactional factors (environmental and social impact) in real estate development
The project applied a range of valuation tools such as Social Return on Investment and Ecosystem Services Analysis in a variety of case studies in the USA (Pittsburgh), Brazil (Porto Alegre) and the UK (East Salford). The report can be accessed here.