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This paper considers the application of methodology for the defining the utility and market value of a real estate. The theoretical basis of the methodology is developed. The proposed methods, the method of multiple criteria complex proportional assessment (COPRAS) and the method of defining the utility and market value of a real estate assume the dependence of priority, utility degree and value of investigated versions on a system of criteria adequately describing the alternatives and their direct proportionality to the values and weights of these criteria. The procedure of the defining the utility and market value of a real estate is discussed using an example. Daugiakriterinis nekilnojamojo turto naudingumo laipsnio ir vertės nustatymas Santrauka Straipsnyje aprašomas daugiakriterinis nekilnojamojo turto naudingumo laipsnio ir vertes nustatymas pagal autoriųsiūlomus metodus: daugiakriterini kompleksinio proporcingo įvertinimo ir daugiakriterini naudingumo laipsnio ir vertes nustatymo metodą. Nagrinėjamųnekilnojamojo turto variantu prioritetiškumas ir reikšmingumas tiesiogiai ir proporcingai priklauso nuo alternatyvas adekvačiai apibūdinančiu kriterijų sistemos, kriterijų reikšmių ir reikšmingumu dydžiu. Naudingumo laipsnis rodo suinteresuotu grupių pasiektu tikslu lygi. Todėl juo remiantis nustatoma nekilnojamojo turto verte. Atsižvelgus i visu analizuojamu nekilnojamojo turto alternatyvu naudingumo laipsnius, skaičiuojama konkretaus nekilnojamojo turto (alternatyvos) verte. Remiantis pateiktais metodais, buvo nustatyta vienbučio gyvenamojo namo rinkos verte.

This article recommends a new INVAR Method for a multiple criteria analysis (Degree of Project Utility and Investment Value Assessments along with Recommendation Provisions). Its use can be for a sustainable building assessment. The INVAR Method can additionally assist in determining the investment value of a project under deliberation and provide digital recommendations for improving projects. Furthermore, the INVAR Method can optimize the selected criterion seeking that the project under deliberation would be equally competitive in the market, as compared to the other projects under comparison. The INVAR Method is additionally able to calculate the value that the project under deliberation should be for this project to become the best among those under deliberation. The case studies presented in this research are for demonstrating this developed method.

This review presents an analysis of three hypotheses. The articles provide a specific perspective on green housing before, during, and post COVID-19. The validations of these hypotheses were performed by analyzing the scientific literature worldwide and by adding a statistical analysis of appropriate articles from the Scopus database. The purpose of this review is to overview the research written on housing developments during the upsurge of COVID-19 along with the responses from the green building sector, because this field appears to be rapidly emerging by the sheer volume of research studies currently undertaken. Foremost peer-reviewed journals covering construction, urban studies‎, real estate, energy, civil engineering, buildings, indoor air, management, economics‎, business‎, environmental studies,‎ and environmental sciences‎ that were published last year were selected for review. The review was conducted by applying a combination of various keywords and the criteria for paper selection, including sustainable building, green construction, green building, resource-efficient, a building’s lifecycle, COVID-19, energy, water, consumption, health effects, comfort, occupant behaviors, policy, economy, Industry 5.0, energy-efficient retrofitting, and profit. Two, innovative elements in this study stand out when comparing it with the most advanced research on green housing before, during, and after COVID-19. The first innovation relates to the integrated analyses of COVID-19 pandemic, housing policies of countries and cities pertinent to COVID-19 that impact green housing and the wellbeing of their residents as well as the impact made by residents and a housing policy on the dispersion of COVID-19. This research additionally establishes that a green building analysis is markedly more effective when the analysis comprehensively covers the life process of a green building, the participating interest groups that have their own goals they wish to implement, the COVID-19 situation, and the external micro- and macro-level environments as a singular entity.

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The construction industry is no longer focused on providing a single product ‐ i.e. a building or a physical infrastructure, but a variety of services and improvement to the human environment. Major trends such as Performance‐based Building as well as Sustainable Built Environment are calling for major changes. These changes mean additional roles for the industry as well as the need for new indicators to measure its performance and its economic impact. This paper proposes a new approach based on the development of a framework for the analysis of the entire construction and property sector ‐ the “built environment cluster”. It extends the analysis of an international study based on nine countries ‐Australia, Canada, Denmark, France, Germany, Lithuania, Portugal, Sweden, and the United Kingdom. The need for improving statistical data is stressed particularly in the context of enlarging the scope of the industry. This new approach provides an excellent starting point for developing new performance indicators that will take into account the changing nature of the industry, for an integrative perspective providing a basis for strategic management, for studying sustainable development in construction and for understanding innovation processes and changes. A comprehensive perspective of the industry performance is crucial for policy initiatives as well as for strategic analysis of firms.

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Aspects of sustainable construction investment and real estate development (CIRED) and their interrelations during the period pre-, intra-, and post-COVID-19, are presented in the research. Applications of the topic model, environmental psychology theory, building life cycle method, and certain elements of bibliometrics, webometrics, article level metrics, altmetrics, and scientometrics make it possible to perform a quantitative analysis on CIRED. The CIRED topic model was developed in seven steps. This paper aims to present a literature review on CIRED throughout the pandemic and to look at the responses from the real estate and construction sector. This sector is a field that appears to be rapidly expanding, judging from the volume of current research papers. This review focuses on last year’s leading peer-reviewed journals. A combination of various keywords was applied for the review and the criteria for paper selections included construction investment, real estate development, civil engineering, COVID-19, and sustainability, as well as residential, industrial, commercial, land, and special purpose real estate, along with their risks, strategies, and trends. The articles reviewed for this paper, which analyzes three hypotheses, look at pre-, intra-, and post-pandemic CIRED. The three hypotheses were validated by analyzing scientific publications from around the world. Two innovative elements make this study stand out among the most advanced research on pre-, intra-, and post-pandemic CIRED. The first of the two innovations is the integrated analysis of the COVID-19 pandemic, COVID-19-related national policies, and business investment strategies relevant to CIRED and the interests of investors as well as on the impact a CIRED policy and investors make on the spread of COVID-19. In addition, this research demonstrates a marked increase in the effectiveness of a CIRED analysis, when the life cycle of a CIRED, the involved stakeholders with their own individual interests, the COVID-19 situation, and the external micro-, meso-, and macro-environments are covered comprehensively as a single entity.