The primary aim of this work is to connect the Real Options Theory (ROT) with the real estate investment framework. A great deal of theoretical work exist today; it begun with Merton (1973) and Black & Sholes (1973) and provided new insights into capital budgeting decision-making and new models, used today by corporate managers and practitioners too. Unfortunately, the ROT is not widely used by appraisers respect to the traditional DCF model, even though the developers behaviour gives evidence to the model.

Inadequacies in the indication of cultural ecosystem services (CES) are a hindrance in assessing their
comprehensive impacts on human wellbeing. Similarly, uncertainties about the quantity and quality of
CES, in real time and space, have hampered the ability of resource managers to precisely take responsive
management actions. The aim of the study is to demonstrate, how CES indicators can be identified and
qualified in order to link CES to human wellbeing, and to integrate them into the ‘ecosystem services cascade’

This paper presents an overview of progress in the area of nature conservation in the last decade in Kosovo.
Two very important laws were promulgated in 2012 about two national parks: Bjeshket e Nemuna and
Sharri National park. With this expansion, the protected area network that in 2003 was about 4.36 % of
the territory was increased to 10.9%, reaching a satisfactory degree of protected areas and increasing the
number of protected areas in a total of 116. While in terms of conservation of protected areas a significant

The purpose of the article is to review current paradigms in ecosystem services valuation, existing gaps and current trends in addressing those gaps. Natural capital, often defined as the stock of natural ecosystems that yields a flow of valuable ecosystem goods or services into the future, is often undervalued or not valued at all by governments, business and society, which leads to environmental degradation and loss of biodiversity.

Housing prices in the Lyon Urban Area are simulated with the land use framework UrbanSim interacting with transportation model. We focus on the Real Estate Price Model of the UrbanSim framework. This OLS regression model of housing prices is calibrated using a nine-year back-casting period. The calibrated model, applied in simulation, provides price dynamics similar to actual one in the centre of Lyon. Sensitivity analysis demonstrates the model’s ability to capture changes in employment accessibility on price dynamics.

The present chaotic transformation from the industrial to the global information society is accelerating the ecological,
social and economic unsustainability. The rapidly growing unsustainable, fossil energy powered urbanindustrial
technosphere and their detrimental impacts on nature and human well-being are threatening the solar
energy powered natural and seminatural biosphere landscapes and their vital ecosystem services. A sustainability
revolution is therefore urgently needed, requiring a shift from the „fossil age“ to the „solar age“ of a new world

The paper presents empirical studies on the appreciation of nature and landscape in the Eastern Ore Mountains (Saxony, Germany) by tourism service providers (TSP) and visitors. Attractive landscape and experience of nature are the most important reasons to visit this region and to spend leisure time there. Particularly mountain meadows, raised bogs and mixed forests are highly appreciated. Deforestation, industrial development and the decline of biodiversity would reduce attractiveness for visitors.

This study investigates the economic impact of a land tax implemented under the Local Government Municipal Property Rates Act No. 6 of 2004 on commercial farms using five case studies with five-year data sets in the Mtonjaneni and Umgeni municipal districts of KwaZulu-Natal.

During the symposium “Ecosystem Services at the Landscape Scale” from the EU-IALE conference 2009, several
challenges for future research on approaches to use the concept of ecosystem services at the landscape scale were
identified, focussing on the need for integration. Three main research directions were discussed, (i) the definition
of the potentials and limitations of the ecosystem service approach for landscape analysis, (ii) the identification of

E nvironmental planning is an instrument for the operationalisation of the precautionary principle in environmental law and, to this end, must rely on maps depicting the spatial patterns of ecological attributes of aquatic and terrestrial ecosystems and of environmental change effects, respectively. In this context, different mapping techniques are presented by example of three case studies covering terrestrial, coastal and marine environments. The first case study was selected to demonstrate how to compute an ecological land classification of Germany by means of CART.

Housing prices in the Lyon Urban Area are simulated with the land use framework UrbanSim interacting with transportation model. We focus on the Real Estate Price Model of the UrbanSim framework. This OLS regression model of housing prices is calibrated using a nine-year back-casting period. The calibrated model, applied in simulation, provides price dynamics similar to actual one in the centre of Lyon. Sensitivity analysis demonstrates the model’s ability to capture changes in employment accessibility on price dynamics.

In recent years, the media impact of the damage from electromagnetic fields generated by high voltage power lines on human health has grown considerably. Hence, judges increasingly require the assessment of the compensation concerning the land depreciation for the “perception” of the health risk from land market operators, regardless of the land use and the ascertainment of the health damage.