Using market participants expectations and judgements to forecast short and mid-term real estate market developments

2004 ◽  
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Market Participants

scholarly journals The Effectiveness of Real Estate Market Versus Efficiency of Its Participants

2012 ◽  
Vol 19 (1) ◽  
pp. 95-110 ◽  
Author(s):  
Małgorzata Renigier-Biłozor ◽  
Radosław Wiśniewski
Keyword(s):  
Real Estate ◽  
Rational Expectations ◽  
Rough Set Theory ◽  
Weak Form ◽  
Real Estate Market ◽  
Strong Form ◽  
The Real ◽  
The Real Estate ◽  
Market Participants ◽  
The Real Estate Market

Real estate markets (REMs) may be classified as strong-form efficient, semi-strong-form efficient or weak-form efficient. Efficiency measures the level of development or goal attainment in a complex social and economic system, such as the real estate market. The efficiency of the real estate market is the individual participant's ability to achieve the set goals. The number of goals is equivalent to the number of participants. Every market participant has a set of specific efficiency benchmarks which can be identified and described. In line with the theory of rational expectations, every participant should make decisions in a rational manner by relying on all available information to make the optimal forecast. The effectiveness of the real estate market is a function of the efficiency of individual market participants. This paper attempts to prove the following hypothesis: the effectiveness of a real estate market may be identified by analysing the effectiveness of its participants. The authors also discuss methods based on the rough set theory which can influence the efficiency and efficacy of market participants, and consequently, the effectiveness of the real estate market and its participants.

scholarly journals The Dynamics of Real Estate Field of Value

2015 ◽  
Vol 22 (4) ◽  
pp. 105-113
Author(s):  
Oksana Kuryj-Wysocka ◽  
Jan Kuryj ◽  
Radoslaw Wisniewski
Keyword(s):  
Real Estate ◽  
Property Values ◽  
Real Estate Market ◽  
Market Participants ◽  
Individual Determinants ◽  
Dynamic Traits ◽  
Objective Research

Abstract Property is worth only as much as market participants are willing to pay for it - that is as much as the potential of the property. Determining the potential of real estate is an extremely difficult task, because certain properties can be viewed in different ways. A person’s attitude towards a given real estate finds reflection in the value of the property. Accordingly, the value of a property appears only when there is a relation of value, such as when the property catches the buyer’s attention. This article raises important issues which determine the value of real estate. It reveals the value of property as a multidimensional category (spatial, economic etc.). The concept of value is characterized by peculiar dynamics; therefore, the value of a property is also characterized by dynamic traits. In order to confirm the above thesis it is essential to isolate the most important factors that create the “field of value” and to examine how individual determinants influence the potential of the property. The purpose of this study is to examine whether changes in the local real estate market influence the dynamics of property values. In order to achieve this objective, research was carried out on a local real estate market. As a result of the research, indicators characterizing the dynamics of value were determined.

Real Estate Risk in Russia and Financial Innovations

2016 ◽  
Vol 2016 (6) ◽  
pp. 57-70
Author(s):  
Andrey Matyukhin
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Market Prices ◽  
Economic Agents ◽  
Risk Hedging ◽  
Market Participants ◽  
Financial Innovations ◽  
Negative Effect ◽  
Real Estate Prices ◽  
Market Construction

The article underlines the latest trends in real estate prices in Russia, which helps to record the increasing negative effect of real estate risks on various groups of economic agents. The consequences of negative dynamics in mean real estate market prices could be relaxed by real estate derivatives market construction, which has been unclaimed yet by the market participants due to favorable economic conditions. The article provides the ground for the necessity of real estate risk hedging for various groups of economic agents, viability of real estate derivatives utilization for the purposes of hedging and their application to further financial innovations.

Main Tendencies of Innovative Advertizing Technologies Development in Real Estate Sphere

2015 ◽  
Vol 4 (1) ◽  
pp. 61-66
Author(s):  
Пономарев ◽  
Vladimir Ponomarev
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Ambient Media ◽  
Traditional Methods ◽  
Market Participants ◽  
Innovative Methods ◽  
Investment Companies ◽  
Internet Portals ◽  
Provided Examples

In this paper are considered such innovative methods for real estate advertizing as non-conventional types of outdoor advertizing ("ambient media") and advertizing on devoted to real estate special Internet portals. Two categories of real estate market’s participating organizations forming the offer are considered – construction and investment companies, and real estate agencies. Distinctions between them in advertizing budget volume and, therefore, in a choice of concrete forms of advertizing when planning the advertizing campaigns are specified. A conclusion about the increasing role of innovative methods for advertizing as less expensive in comparison with the main traditional methods is drawn. A review of largest Internet portals related to real estate, with indication of main features for each of them is provided. Examples of non-conventional forms for outdoor advertizing in the domestic real estate market are pointed out. The main tendencies related to the attitude of real estate market participants to innovative methods of advertizing are revealed and these tendencies’ possible reasons are specified.

scholarly journals Mortgage and mortgage lending as a tool for financial recovery of the modern Russian economy

2021 ◽  
Vol 273 ◽  
pp. 08109
Author(s):  
Svetlana Rybak
Keyword(s):  
Real Estate ◽  
Practical Interest ◽  
Legal Regulation ◽  
Real Estate Market ◽  
Mortgage Lending ◽  
The Real Estate ◽  
Market Participants ◽  
Russian Economy ◽  
The Real Estate Market ◽  
Financial Recovery

The article is devoted to the institutional analysis of the problem of improving the legal regulation of mortgage relations in Russia in modern conditions in the presence of a rather limited financial capacity of the population in modern conditions to purchase real estate or housing. In this regard, the mortgage becomes the most necessary tool to ensure the socio-economic development of society, its stable and sustainable development. The formation of the property base currently generates a corresponding demand in the real estate market, and develops a corresponding interest among consumers in mortgage lending. At the same time, the emerging financial mechanism of mortgages also ensures the formation of the solvency of not only the population, but also other market participants, so that this market segment becomes not only in demand, but also successfully developed. Considering this problem, the author sought to update the scientific, theoretical and practical interest in this topic and to reveal the problems that hinder the development of mortgages as an important factor in the financial recovery of the modern market economy.

Usurping Double-Ending Fraud in Real Estate Transactions via Blockchain Technology

2021 ◽  
Vol 32 (1) ◽  
pp. 27-48
Author(s):  
Atefeh Mashatan ◽  
Victoria Lemieux ◽  
Seung Hwan (Mark) Lee ◽  
Przemysław Szufel ◽  
Zachary Roberts
Keyword(s):  
Real Estate ◽  
Optimal Allocation ◽  
Real Estate Market ◽  
Real Property ◽  
Agent Based ◽  
Market Participants ◽  
Blockchain Technology ◽  
Solution Design ◽  
Audit Trails ◽  
Modelling Simulation

This paper discusses the problem of double-ending fraud in real estate transactions – a type of transactional fraud wherein agents handling real estate transactions unfairly benefit (e.g., by simultaneously representing both the buy and sell side of a real estate transaction in a manner that unfairly boosts the commission they receive, or colluding to increase their commission in a real estate transaction at the expense of the buyer and/or seller of the real property). The paper proposes a unique blockchain solution design that leverages blockchain's properties of transparency and ability to create tamper-resistant audit trails to reduce opportunities for double-ending fraud and increase real estate market participants' trust in the handling of their transactions. The paper discusses the implementation of a prototype of the solution based on hyperledger fabric and sails; it presents the results of an agent-based modelling simulation validating that the inherent transparency of the proposed design offers optimal allocation for both sellers and buyers.

Accounting For Residential Real Estate In Urban Planning

2019 ◽  
pp. 30-35
Keyword(s):  
Urban Planning ◽  
Real Estate ◽  
Real Estate Market ◽  
Residential Real Estate ◽  
The Real Estate ◽  
Market Participants ◽  
Apartment Buildings ◽  
The Real Estate Market ◽  
Potential Risks

Issues of conformity of the terminology used by realtors for classification of residential objects to the current legislation are considered. The potential risks and features of accounting in urban planning of non-residential objects (lofts and apartments) for permanent residence of the population are given, the features of their placement are revealed. The distribution of apartment buildings in the administrative okrugs of Moscow, a significant part of which is located within the boundaries of the Central Administrative Okrug, is shown. At the same time, apartments in the center of the capital are represented mainly by low-rise premium class houses, as moving away from the center, the number of stories and the number of premises in the buildings increase. Information about the population living in the apartments is also provided. It is established that in order to ensure the sustainable and harmonious urban development, it is necessary to monitor the real estate market and timely update the official terminology for unhindered communication with market participants.

scholarly journals The Analysis of Urban Planning Aspects and Development of Residential Real Estate in Tallinn, Estonia

2020 ◽  
Vol 8 (1) ◽  
pp. 208-226
Author(s):  
İstemi Alp Köse ◽  
Linda Kauškale
Keyword(s):  
Sustainable Development ◽  
Urban Planning ◽  
Real Estate ◽  
Real Estate Market ◽  
Residential Real Estate ◽  
The Real Estate ◽  
Market Participants ◽  
Analysis And Synthesis ◽  
Development Analysis

Abstract At the present time, the world’s population is rapidly increasing, and the existing resources, which are limited, are being significantly consumed. Due to this fact, in order to use these resources more efficiently, the concept of planning day by day gains importance in the framework of sustainable development. Although Estonia is one of the countries that has the fewest number of people in Europe, owing to its economic reliability, high development level and worldwide awareness of the field of software, Estonia has become one of the less affected countries by the crisis. At the same time, Estonia is one of European countries that executes planning for long-term economic development. The aim of the research is to analyse the interrelation aspects between urban planning and residential real estate development on different levels in Tallinn, capital of Estonia, in the context of sustainable development. Analysis and synthesis, comparison, observation, and logical deduction methods are used within the research. According to the research conducted, the price ranges of real estate objects are closer to each other in the condition towards homogeneity in residential settlements which have similar residential and planning features. It can be recommended to build a contemporary system regarding interrelation of urban decisions and tendencies within development of the real estate market, which can help investors and other market participants in sustainable, efficient, and long-term decision making.

scholarly journals Geoinformation Support System for Real Estate Market

2020 ◽  
Vol 19 (2) ◽  
Author(s):  
Rafał Kaźmierczak
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Global Navigation Satellite Systems ◽  
Large Set ◽  
Market Prices ◽  
Satellite Systems ◽  
Market Participants ◽  
Size Standard ◽  
Augmented Reality Technology ◽  
Global Navigation Satellite

Investing in real estate is one of the major investment areas in the world. While buying real estate people often consider - apart from standard analysis like size, standard, age, equipment- location and market prices. There is no doubt that the access to a large set of data describing and presenting property environment at present, market participants (targeted users = buyers and sellers) use the services of intermediaries or real estate appraisers, which generate extra costs, or they conduct the research using their own computers or mobile devices. The main goal of idea is to create an automatically generated information system for real estate market members. The proposed solution can allow delivering filtered information to the user. It can be presented in conjunction with the location. The user can be able, while standing in or near the property. The proposed solution consists of: positioning based on the phone GNSS (Global Navigation Satellite Systems) receiver and radius specification. As a result, valuable information can be displayed in AR (Augmented Reality) technology or on a map where location and unit prices are visible.

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