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.

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.

Wiped Out by the Green Wave

2020 ◽  
pp. 49-83
Author(s):  
Melissa Checker
Keyword(s):  
New York ◽  
Real Estate ◽  
Low Income ◽  
Property Values ◽  
Real Estate Market ◽  
The Real Estate ◽  
Communities Of Color ◽  
Public Status ◽  
The Real Estate Market ◽  
Symbolic Value

Situated mainly in New York City’s Harlem neighborhood, this chapter examines “green gentrification”—the correlation between environmental improvements and high-end real estate development. Taking an historic look at urban parks and property values, this chapter begins with nineteenth-century discourses about nature, social uplift, and morality. The symbolic value attached to green space soon correlated with material value, as parks boosted nearby property values. Despite their public status, parks became spaces of subtle racial and class-based exclusion. As sustainability gained popularity in the early 2000s and the real estate market boomed, new green spaces became an amenity that drew affluent residents to gentrifying areas. Environmental justice activists in these neighborhoods thus found that the very improvements for which they had been fighting now facilitated gentrification and threatened to displace low-income residents and communities of color.

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.

scholarly journals Property Value, Urban Quality and Maintenance Condition: A Hedonic Analysis in the City of Naples, Italy

2014 ◽  
Vol 11 ◽  
pp. 560-565 ◽  
Author(s):  
Vincenzo del Giudice ◽  
Francesca Torrieri ◽  
Pierfrancesco de Paola
Keyword(s):  
Real Estate ◽  
Public Space ◽  
Urban Space ◽  
Property Values ◽  
Public Spaces ◽  
Real Estate Market ◽  
Property Value ◽  
Standard Requirement ◽  
The Impact ◽  
The City

The article examines the relationship between property value and level of conservation of public urban space. While many studies have examined the effect of proximity of open space, parks, and trees on property value, there has been few examination of how projects of urban revitalization and ordinary and extraordinary maintenances of public spaces can influence property values. While intuition can suggest that a low level of quality and maintenance of a public space can negatively affect property value, even if the standard requirement of public spaces and services are meet, this yet to be empirically proven.We proposes the application of a new econometric models for quantitative analysis of the characteristics of real estate property (Generalized Additive Model), to assess the impact of maintenance condition on property values, due to the better prevision that these functions can obtain in a real estate market context.The control of the formal and logical adequacy of the proposed theoretical model is referred to the case study under analysis, in the city of Naples. The results obtained show that a well preserved urban environment influences property price by approximately 6%. The experimental test of the model has provided results that, by reason of their formal consistency with the results obtained in other contexts, can be considered representative of the effectiveness of the methodology proposed.

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.

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