WorldWideScience

Sample records for hud real estate

  1. 75 FR 62412 - Notice of Proposed Information Collection: Comment Request; HUD-Owned Real Estate-Good Neighbor...

    Science.gov (United States)

    2010-10-08

    ... of Proposed Information Collection: Comment Request; HUD- Owned Real Estate-Good Neighbor Next Door... following information: Title of Proposal: HUD-Owned Real Estate-Good Neighbor Next Door Program. OMB Control...

  2. 75 FR 62413 - Notice of Proposed Information Collection: Comment Request; HUD-Owned Real Estate-Dollar Home...

    Science.gov (United States)

    2010-10-08

    ... of Proposed Information Collection: Comment Request; HUD- Owned Real Estate--Dollar Home Sales... also lists the following information: Title of Proposal: HUD-Owned Real Estate--Dollar Home Sales...

  3. 78 FR 66040 - 30-Day Notice of Proposed Information Collection: HUD-Owned Real Estate-Sales Contract and Addendums

    Science.gov (United States)

    2013-11-04

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 30-Day Notice of Proposed Information Collection: HUD-Owned Real Estate--Sales... collection entitled HUD-Owned Real Estate-Sales Contract and Addendums (2502-0306). HUD will republish the...

  4. 75 FR 44006 - Notice of Submission of Proposed Information Collection to OMB, HUD-Owned Real Estate-Sales...

    Science.gov (United States)

    2010-07-27

    ... URBAN DEVELOPMENT Notice of Submission of Proposed Information Collection to OMB, HUD-Owned Real Estate... Department is soliciting public comments on the subject proposal. The respondents are real estate listing...: Title of Proposal: HUD-Owned Real Estate--Sales Contract and Addendums. OMB Approval Number: 2502-0306...

  5. 78 FR 70957 - 60-Day Notice of Proposed Information Collection: HUD-Owned Real Estate Good Neighbor Next Door...

    Science.gov (United States)

    2013-11-27

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 60-Day Notice of Proposed Information Collection: HUD-Owned Real Estate Good Neighbor... Information Collection: HUD Real Estate Owned Good Neighbor Next Door. OMB Approval Number: 2502-0570. Type of...

  6. 76 FR 5819 - Notice of Submission of Proposed Information Collection to OMB; HUD-Owned Real Estate-Dollar Home...

    Science.gov (United States)

    2011-02-02

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Notice of Submission of Proposed Information Collection to OMB; HUD-Owned Real Estate... following information: Title of Proposal: HUD-Owned Real Estate--Dollar Home Sales Program. OMB approval...

  7. 78 FR 64145 - 30-Day Notice of Proposed Information Collection: HUD-Owned Real Estate-Sales Contract and Addendums

    Science.gov (United States)

    2013-10-25

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 30-Day Notice of Proposed Information Collection: HUD-Owned Real Estate--Sales... Collection: HUD-Owned Real Estate--Sales Contract and Addendums. OMB Approval Number: 2502-0306. Type of...

  8. 76 FR 6488 - Notice of Submission of Proposed Information Collection to OMB; HUD-Owned Real Estate-Good...

    Science.gov (United States)

    2011-02-04

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Notice of Submission of Proposed Information Collection to OMB; HUD-Owned Real Estate... responses. This Notice Also Lists the Following Information Title of Proposal: HUD-Owned Real Estate--Good...

  9. 75 FR 423 - Notice of Availability: HUD Real Estate Settlement Procedures Act (RESPA) Handbook

    Science.gov (United States)

    2010-01-05

    ... [Federal Register Volume 75, Number 2 (Tuesday, January 5, 2010)] [Notices] [Page 423] [FR Doc No: E9-31304] DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-5369-N-01] Notice of Availability: HUD Real Estate Settlement Procedures Act (RESPA) Handbook AGENCY: Office of the Assistant...

  10. 78 FR 57873 - 60-Day Notice of Proposed Information Collection: HUD-Owned Real Estate-Sales Contract and Addendums

    Science.gov (United States)

    2013-09-20

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 60-Day Notice of Proposed Information Collection: HUD-Owned Real Estate--Sales...-Owned Real Estate--Sales Contract and Addendums. OMB Approval Number: 2502-0306. Type of Request (i.e...

  11. 75 FR 71724 - Real Estate Settlement Procedures Act (RESPA): Solicitation of Information on Changes in...

    Science.gov (United States)

    2010-11-24

    ... URBAN DEVELOPMENT Real Estate Settlement Procedures Act (RESPA): Solicitation of Information on Changes... currently operates within residential real estate mortgage transactions. HUD welcomes input from warehouse... operates within residential real estate mortgage transactions. HUD particularly seeks input from the...

  12. 75 FR 36271 - Real Estate Settlement Procedures Act (RESPA): Home Warranty Companies' Payments to Real Estate...

    Science.gov (United States)

    2010-06-25

    ... URBAN DEVELOPMENT 24 CFR Part 3500 Real Estate Settlement Procedures Act (RESPA): Home Warranty Companies' Payments to Real Estate Brokers and Agents AGENCY: Office of General Counsel, HUD. ACTION... performed by real estate brokers and agents as additional settlement services in a real estate transaction...

  13. 24 CFR 266.400 - Property requirements-real estate.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Property requirements-real estate... Mortgage and Closing Requirements; HUD Endorsement § 266.400 Property requirements—real estate. The mortgage must be on real estate held: (a) In fee simple; (b) Under a renewable lease of not less than 99...

  14. Real Talk on Real Estate

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    What’s hot and what’s not in China’s property market The Beijing 2008 Olympics is a giant magnet for real estate investment, but how far-reaching is its pull? Is it a good time to buy real estate in second-tier cities? And could a bal- looning worldwide real estate bubble have ramifications for China? Inquiring minds want to know the answers to all these questions in real estate circles. Experts may not always answer harmoniously, but unless you have a villa empire, their advice could help you conquer this tricky market more successfully. No bubble in Beijing or beyond The Olympic effect will cause real

  15. REAL ESTATE INFORMATION

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    Project: Shihua International Center Developer: Beijing Urban Construction Real Estate Co. Ltd. Location: Inner side of Jingguangqiao Overpass along the East Third Ring Road, Beijing Project Introduction: On the afternoon of March 30, Beijing Urban Construction Real Estate Co. Ltd. and Beijing Huihe Real Estate Co. Ltd. held the first introductory conference on the project of Shihua International Center in the Conference Hall of Jingguanq Center. At the conference,

  16. A Real Estate Revival?

    Institute of Scientific and Technical Information of China (English)

    Lan; Xinzhen

    2013-01-01

    Further regulation in the real estate market is a must,but tighter controls won’t be easy Several government departments released a joint circular to control borrowing by local governments, which is the first policy involving the real estate market in the new year.

  17. REAL ESTATE INFORMATION

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    Stronger Demand in Shanghai Jones Lang LaSalle released its thirdquarter review report on the Shanghai real estate market.In Shanghai’s Puxi area,expansion of foreign-invested companies’ and clients’ needs for upgraded

  18. REAL ESTATE INFORMATION

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    Huaye International Center Location: Northwest Corner of Honglingjinqiao of Dongsihuanlu Investor: Huaye Real Estate Developer: Beijing Gaoshenghua Real Estate Development Co. Ltd. Hotline: 86-10-65858883 Introduction: Huaye International Center has a total floor space of about 80,000 square meters. It is a top-grade integrated business community, combining office buildings, five-star serviced apartments and recreational establishments. It is due to open in early 2007. Huaye is designed by prestigious Au...

  19. Limiting Real Estate Loans

    Institute of Scientific and Technical Information of China (English)

    WANG JUN

    2010-01-01

    @@ More than eight months after the Central Government issued an order for central enterprises whose core business was not real estate to withdraw from the property sector, many enterprises in question have been sluggish to adhere to, or have altogether ignored, the government directive. Only 16 central enterprises are authorized to get new property development loans in the future, but 78 additional enterprises have business dealings in the real estate market, according to a recent report in China Securities Journal.

  20. Real Forestry for Real Estate

    Science.gov (United States)

    Gagnon, Jennifer; Fisher, Jason

    2013-01-01

    Virginia is poised to see an unprecedented change in forest land ownership. To provide new landowners with information on sustainable forest management, we developed a two-part program, Real Forestry for Real Estate. First, we assembled New Landowner Packets, which contain a variety of sustainable forest management resources. Second, two…

  1. Real Forestry for Real Estate

    Science.gov (United States)

    Gagnon, Jennifer; Fisher, Jason

    2013-01-01

    Virginia is poised to see an unprecedented change in forest land ownership. To provide new landowners with information on sustainable forest management, we developed a two-part program, Real Forestry for Real Estate. First, we assembled New Landowner Packets, which contain a variety of sustainable forest management resources. Second, two…

  2. Real estate investment dynamics

    OpenAIRE

    Gruber, Johannes

    2010-01-01

    This thesis is motivated by the steadily increasing interest in the dynamic relationship between the macro-economy and the real estate sector. One of the main issues in this respect is to study the investment dynamics. Since the bursting of the U.S. housing bubble in 2006 is identified as the point of origin of the so called subprime crises, which led to the collapse of the U.S. financial system, the dynamics of real estate investments is of particular interest. In the first part of my the...

  3. Real Estate in Denmark

    DEFF Research Database (Denmark)

    Rimmer, Nina Røhr

    2016-01-01

    A general introduction to buying, owning and selling Property i Denmark. The cost of buying and selling property and the tax implications as well as the general concept of real estate is introduced. The paper includes also a brief introduction to some of the aspects which you should beware of when...

  4. Real Estate Assistance

    Science.gov (United States)

    1997-01-01

    The Commercial Remote Sensing Program at Stennis Space Center assists numerous companies across the United States, in learning to use remote sensing capabilities to enhance their competitiveness. Through the Visiting Investigator Program, SSC helped Coast Delta Realty in Diamondhead, Miss., incorporate remote sensing and Geogrpahic Information System technology for real estate marketing and management.

  5. REAL ESTATE INFORMATION

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    China View Developer: Beijing Shengce Real Estate Development Co. Ltd. Location: Sanlitun, Chaoyang District, Beijing Tel: 86-10-65089898, 64151355 Introduction: The area round Sanlitun and the Worker's Stadium are the most thriving entertainment and nightlife centers for trendsetters in Beijing. Dotted with famous bars, renowned banks, exotic restaurants and boutiques, the area is within proximity of many embassies, hotels, office buildings and sports competition venues.

  6. REAL ESTATE INFORMATION

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    Project: Yosemite Villa Developer: Beijing Bishuiyuan Real Estate Development Co. Ltd. Location: 4 Yuyanglu, Houshayu Town, Shunyi District, Beijing, China Tel: 86-10-80465880. 86-10-80417188 Project introduction: Yosemite Villa is an investment of Shandong-based Luneng Group. Covering an area of 700,000 square meters, it has 455 villas and 80 apartments, as well as 139 villas that will be completed in September. Yosemite Villa is where your dream begins. Company release:

  7. REAL ESTATE INFORMATION

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    Lane Villa Developer: Beijing North Star Real Estate Development Co. Ltd. Location: Laiguangying Donglu, Chaoyang District Tel: 86-10-84701288, 84703766 Introduction: Located in a traditional villa district by the Wenyuhe River in Chaoyang District, Lane Villa covers an area of 16 hectares and has a total floor space of 110,000 square meters. Buildings in Lane Villa are harmoniously integrated with the surrounding landscape. We pursue innovation and novelty in design. The tree-like block structure not on...

  8. REAL ESTATE INFORMATION

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    NewⅠ-House Investor: Beijing Lucky Hope Real Estate Development Co. Ltd. Developer: Beijing Molin Trunk Road Development Co. Ltd. Location: Lisui Town, Shunyi District, Beijing Tel: 86-10-89483551/52 Project introduction: When discussing Chinese-style homes in old Beijing, one naturally mentions the traditional siheyuan, or courtyard house, invoking the nostalgia associated with the ancient city. Today, with inappropriate edifices and copycat structures cluttering the capital's skyline, it is frustrating...

  9. An Industry Profile of Corporate Real Estate

    OpenAIRE

    Johnson, Linda L.; Terry Keasler; Stellan Lundstrom

    1993-01-01

    Corporate real estate is increasingly becoming an area of emphasis for real estate professionals and academics, particularly in asset management. Using balance sheet data on real estate corporate holdings, total assets, and firm marketing values from 1984-1991, this article provides an analysis of real estate holdings both by industry sector and asset subtype. Industry rank order by gross value of total real estate holdings and asset subtype, real estate as a percent of assets, and real estat...

  10. Analysing UK real estate market forecast disagreement

    OpenAIRE

    McAllister, Patrick; Newell, G.; Matysiak, George

    2005-01-01

    Given the significance of forecasting in real estate investment decisions, this paper investigates forecast uncertainty and disagreement in real estate market forecasts. Using the Investment Property Forum (IPF) quarterly survey amongst UK independent real estate forecasters, these real estate forecasts are compared with actual real estate performance to assess a number of real estate forecasting issues in the UK over 1999-2004, including real estate forecast error, bias and consensus. The re...

  11. Real estate surfaces appraisal

    Directory of Open Access Journals (Sweden)

    Marina Ciuna

    2014-07-01

    Full Text Available In the appraisal of the market value of the properties are applied two important surface indexes: the market surface ratio of the secondary surfaces and the ratio of the site value to total value (allocation method. The measure of both these indexes can be revealed difficult: the data collection of the surface trade ratio in the market can get different results and in practice often the valuer refolds on the fixed coefficients brought in the handbooks and in the circulars of the public administration; the appraisal of the ratio of the site, especially in the central zones and for ancient buildings, where besides the incidence is higher, is developed extrapolating the ratios from the peripheral zones for new building or falling back on the publications of real estate sector.For the market comparison methods are proposed a series of test of surface trade ratio and land value ratio to foresee the effect on the appraisal result.

  12. Doing Real Estate Business Overseas

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    @@ When we saw the amount of foreign capital currently being invested in China's real estate market,we realized that much like its foreign counterparts,China has been very active overseas as well.With encouragement from the"walking out"strategy,more and more Vhinese investors have begun to focus on overseas real estate developments.

  13. Economic Effects Real Estate Tax

    Directory of Open Access Journals (Sweden)

    Tadić Milan

    2016-06-01

    Full Text Available The real estate tax is usually a fiscal instrument which performs the property tax. When it comes to real property or immovable this term include: apartments, houses, land, cottages, excess housing landscape and more. The real estate tax as a form of the fiscal charges ownership or use of certain forms of real estate, and the revenue from this tax is levied on the area where the property is located regardless of the place of residence of its owner. The tax base for the calculation of this tax usually consists of the market, estimated or annuity value of certain real estate. This form of taxation in the Republic of Serbian applies from 1.1.2012., and its introduction has been replaced by former property taxes. The differences between the two concepts mentioned taxes are numerous and significant. Among the more important are: subject to taxation under the new concept of the real estate rather than law, a taxpayer is any property owner rather than the holder of rights to immovable property tax base is the market value of real estate which is replaced by the payment of taxes per square meter of usable area, the rate of property tax is determined local government, which can not be lower than 0.05% of the estimated value of the real estate nor higher than 0.5% of the appraised value of real estate. The last change, ie. The new law on Property Tax from 5.11.2015. was determined by the tax rate to 20%. The fact that local governments each of them determines the tax rate on real estate which range from high to low rates of multiple, makes this tax is progressive. Progression is particularly expressed in the distinction applied tax rates of developed and undeveloped municipalities, where we have a case that less developed tolerate a higher tax burden, which leads to negative economic effects. However, real estate tax has its own economic and social characteristics which must be aligned with the objectives of tax policy. This means that the real estate tax

  14. Adjusted Period for Real Estate

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    @@ The Chinese real estate market has seen sustained prosperity for the last 10 years, but the climbing price of housing has made everyone begin to question whether this industry is overheated or if there is a bubble ready to burst.

  15. SATDA Real Estate Division Launches

    Institute of Scientific and Technical Information of China (English)

    Rob Emerick

    2008-01-01

    <正>Hello Readers, I am happy to announce the new real estate section for this magazine,called"America is For Sale".This section will focus on current and important issues regarding the real estate industry within the United States of America.There has been a great deal of interest in the American real estate market from Chinese investors lately.The weak US dollar and strong Chinese renminbi alone make the US market attractive to Chinese investors.Now,with the US in the bottom of a real estate cycle,property is amazingly inexpensive.Many foreign investors are buying as much as they can because the investors understand this is the best time to buy:at the bottom of a cycle.

  16. 15 CFR 806.8 - Real estate.

    Science.gov (United States)

    2010-01-01

    ... 15 Commerce and Foreign Trade 3 2010-01-01 2010-01-01 false Real estate. 806.8 Section 806.8... ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE DIRECT INVESTMENT SURVEYS § 806.8 Real estate. Residential real..., is considered real estate held for personal use. Ownership of residential real estate by a...

  17. Image Based Appraisal of Real Estate Properties

    OpenAIRE

    You, Quanzeng; Pang, Ran; Luo, Jiebo

    2016-01-01

    Real estate appraisal, which is the process of estimating the price for real estate properties, is crucial for both buys and sellers as the basis for negotiation and transaction. Traditionally, the repeat sales model has been widely adopted to estimate real estate price. However, it depends the design and calculation of a complex economic related index, which is challenging to estimate accurately. Today, real estate brokers provide easy access to detailed online information on real estate pro...

  18. E-Real Estate Property Management System

    OpenAIRE

    Majid Shanto, Syed Nurul

    2003-01-01

    Real estate business is one of the oldest businesses in the business world which is also considered to be associated with the toughest business environment to invest for investment because of its volatile behavior. In order to be competitive in the real estate market, the real estate developer as well as real estate specialist like real estate agent is constantly fighting for achieving marginal profit from the market. 21st century is the century of advance technology and utilizing its power i...

  19. Un-real Estate

    DEFF Research Database (Denmark)

    Ulfstjerne, Michael Alexander

    Based on ethnographic fieldwork in Ordos China the dissertation ‘Un-real Estate’ traces a local economic boom into its subsequent bust. It gives an account of how state as well as non-state actors appropriate state development schemes and the unintended effects resulting from the colluding forces...

  20. Un-real Estate

    DEFF Research Database (Denmark)

    Ulfstjerne, Michael Alexander

    Based on ethnographic fieldwork in Ordos China the dissertation ‘Un-real Estate’ traces a local economic boom into its subsequent bust. It gives an account of how state as well as non-state actors appropriate state development schemes and the unintended effects resulting from the colluding forces...

  1. Developing Real Estate Education in Brazil: A Case Study of an MBA in Real Estate Development

    OpenAIRE

    Emilio Haddad

    2013-01-01

    The practice of Real Estate in Brazil has gone to several changes in recent past that have resulted in an enormous development of the industry. It has implied in increasing demand for manpower training and development a local knowledge of this emerging field. Because of a virtual lack of a “Real Estate school” in Brazil, Real Estate has been approached by different educational traditions, such as construction planning and management, Real Estate business, Real Estate finance. The purpose of t...

  2. 24 CFR 3500.8 - Use of HUD-1 or HUD-1A settlement statements.

    Science.gov (United States)

    2010-04-01

    ... HOUSING AND URBAN DEVELOPMENT REAL ESTATE SETTLEMENT PROCEDURES ACT § 3500.8 Use of HUD-1 or HUD-1A... 24 Housing and Urban Development 5 2010-04-01 2010-04-01 false Use of HUD-1 or HUD-1A settlement statements. 3500.8 Section 3500.8 Housing and Urban Development Regulations Relating to Housing and...

  3. The Official Real Estate Appraisal in Germany

    Directory of Open Access Journals (Sweden)

    Christoph JOCHEIM-WIRTZ

    2013-12-01

    Full Text Available The Real Estate Appraisal in Germany is regulated by the articles 192-199 of the German Construction Law. Technical guidelines, including the appraisal methods, are defined in bylaws. For the purpose of official real estate appraisal, Expert Appraisal Committees were founded in counties and large cities. The Committees are comprised of real estate experts doing a honorary service, coming from such professions as land surveying engineers, architects, civil engineers, Tax Office employees, experts from the banking sector, agronomists and real estate agents. The chairman of the Committee is also the director of the Cadastral Office and/or the Surveying Office. Every Committee has its own office within the Cadastral Office or the Surveying Office. The main task of the Committees is to establish and guarantee the transparency of the real estate market, by means of the publication of approximate plot value maps on the Internet as well as the publication of the reports on the real estate market. Apart from that, the Expert Appraisal Committees provide reports on the market value of real estate objects, available upon request. Reports on the market value of real estate objects are also made by publicly appointed and sworn experts. Based on the steady rise in the requests for superregional information about the real estate market in the recent years, the working group comprised of the representatives from the Expert Appraisal Committees from the whole country published its first report on the real estate market in Germany in 2008, and the second one in 2011.

  4. The real estate industry in the Netherlands

    OpenAIRE

    Engelberts, Reinout; Suarez, Jose L.

    2004-01-01

    The real estate industry in the Netherlands is one of the most sophisticated in Europe. In fact, some Dutch real estate companies are among the most active in the international arena, and are major players in the ongoing integration in European markets. The paper describes the sectors of the real estate industry, i.e. residential and commercial (offices, retail and industrial), social housing policies, and the characteristics of the major companies. Individualized descriptions of listed real ...

  5. Toil and Real Estate Trouble

    Institute of Scientific and Technical Information of China (English)

    LAN XINZHEN

    2010-01-01

    @@ Nearly two years after the financial crisis,the Chinese economy is faring well-maybe too well.A recent Ministry of Land and Resources (MLR) report stated a dangerous bubble is expanding in the property market,raising concerns among policymakers. The price surges came as a surprisewhile the financial crisis plunged the world into a deep recession,sending a chill through the once-booming Chinese economy,the real estate market staged a defiant comeback.According to data from the China Land Surveying and Planning Institute,the country's average residence price ,soared 25 percent in 2009 from the previous year,a record rate since 2001.

  6. Real Estate Taxes in Albania

    Directory of Open Access Journals (Sweden)

    Luciana Koprencka

    2013-04-01

    Full Text Available The construction sector is one of the mainsectors of the Albanian economy, which,during the last 20 years, has experiencedthe greatest economic growth. In 1991 thissector has contributed by 2.5% to the GDP,in 2006 by 4.9%, while in 2008, this sectorhas contributed by 14.9% to the national GDP. The relevant legislation has played animportant role in the development of this sector. The applied laws have tried to maintainat low levels the real estate prices and totransform such a problematic sector, withreference to fiscal evasion and informality,into an easily controllable sector. The taxesapplied in the construction sector are the sameas in other economic sectors, although thetaxation management in the construction sector, except forthose common principles thatregulate the tax management in general, isbased on some specificrules related to thecharacteristics of this sector. Increase the level of taxation on the transfer of ownership tothe extent of 10%, paralyzed the housing market by reducing the number of sales,especially of real estate old, previously this was 0.3-5%of sales value.JEL Classification: H21

  7. Fresh Air in Real Estate Policies

    Institute of Scientific and Technical Information of China (English)

    Zhao Yan

    2008-01-01

    @@ Recently, due to the international financial crisis, the decline in domestic economic growth and in the real estate market, the central and local governments have issued a series of policies and measures designed to stimulate the real estate industry. On the one hand, the central government starts stimulating the real estate market by tax relief, relaxation of credit and security housing construction. On the other hand, with the support of the central government, more and more local governments have implemented their own new real estate policies in order to promote the recovery of the local market.

  8. 12 CFR 541.21 - Nonresidential real estate.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Nonresidential real estate. 541.21 Section 541... REGULATIONS AFFECTING FEDERAL SAVINGS ASSOCIATIONS § 541.21 Nonresidential real estate. The terms nonresidential real estate or nonresidential real property mean real estate that is not residential real estate...

  9. 75 FR 74620 - Real Estate Settlement Procedures Act (RESPA): Home Warranty Companies' Payments to Real Estate...

    Science.gov (United States)

    2010-12-01

    ... URBAN DEVELOPMENT 24 CFR Part 3500 Real Estate Settlement Procedures Act (RESPA): Home Warranty Companies' Payments to Real Estate Brokers and Agents Interpretive Rule: Response to Public Comments AGENCY... fees to real estate brokers and agents by home warranty companies. The public was invited to comment on...

  10. Debt capacity of real estate collateral

    NARCIS (Netherlands)

    Giambona, E.; Golec, J.; Schwienbacher, A.

    2014-01-01

    We study whether real estate assets have a greater positive influence on firm leverage than other tangible assets. Using a large sample of COMPUSTAT firms, we find a significant positive relation between tangibility and leverage in general, and the relation is strongest for real estate collateral.

  11. Commercial real estate analysis and investments

    NARCIS (Netherlands)

    Geltner, D.; Miller, N.; Clayton, J.; Eichholtz, P.M.A.

    2013-01-01

    The well-known and respected authorship team of Geltner and Miller bring you a new edition of what has become the undisputed and authoritative resource on commercial real estate investment. Streamlined and completely updated with expanded coverage of corporate and international real estate investmen

  12. 33 CFR 211.1 - Real estate defined.

    Science.gov (United States)

    2010-07-01

    ... 33 Navigation and Navigable Waters 3 2010-07-01 2010-07-01 false Real estate defined. 211.1... DEFENSE REAL ESTATE ACTIVITIES OF THE CORPS OF ENGINEERS IN CONNECTION WITH CIVIL WORKS PROJECTS Real Estate; General § 211.1 Real estate defined. The term real estate as used in this part includes land...

  13. 32 CFR 644.23 - Real Estate Planning Documents.

    Science.gov (United States)

    2010-07-01

    ... 32 National Defense 4 2010-07-01 2010-07-01 true Real Estate Planning Documents. 644.23 Section... PROPERTY REAL ESTATE HANDBOOK Project Planning Military (army and Air Force) and Other Federal Agencies § 644.23 Real Estate Planning Documents. (a) Real Estate Planning Reports. (1) A Real Estate Planning...

  14. Accounting costs of transactions in real estate

    DEFF Research Database (Denmark)

    Stubkjær, Erik

    2005-01-01

    The costs of transactions in real estate is of importance for households, for investors, for statistical services, for governmental and international bodies concerned with the efficient delivery of basic state functions, as well as for research. The paper takes a multi-disciplinary approach...... in relating theoretical conceptualizations of transaction costs to national accounting and further to the identification and quantification of actions on units of real estate. The notion of satellite accounting of the System of National Accounts is applied to the segment of society concerned with changes...... in real estate. The paper ends up with an estimate of the cost of a major real property transaction in Denmark....

  15. Medical real estate in an age of reform.

    Science.gov (United States)

    Hammond, Laca Wong; Camp, Philip J

    2011-04-01

    The following are four ways healthcare organizations are fulfilling their medical real estate needs in an era of change: Real estate monetization. Renovation of existing facilities. A careful focus on containing materials costs. Joint ventures with real estate organizations.

  16. Governance structures for real estate transactions: Markets ...

    African Journals Online (AJOL)

    networks in the governance of real-estate transactions under three property rights regimes in ..... makers may engage in corruption and other forms of 'rent-seeking' behaviour, benefiting .... trust or other corporate body. The key difference from ...

  17. Ethics in real estate practice: Education matters

    OpenAIRE

    Gethin Edwards; Gaye Pottinger

    2012-01-01

    The economic downturn has exposed pressure on real estate practices to cut corners and brought an increased focus on standards of competence and regulation. Todayís real estate graduates emerge into a highly competitive and difficult jobs market. Their first job can be all important, not only to the continuing development of their professional competence, but also to reinforcing their ethical stance and outlook that can determine success throughout the rest of their career. This is a main fin...

  18. TRERC-TEA [Texas Real Estate Research Center-Texas Education Agency] Real Estate Curriculum Workshop Committee Report.

    Science.gov (United States)

    Lyon, Robert

    The document contains a summary report of a community college real estate teachers' workshop organized to develop course outlines for the various areas in the real estate curriculum. Curriculum outlines are presented, with varying degrees of detail included, for the following eight subjects: real estate appraisal; real estate brokage; real estate…

  19. 7 CFR 764.104 - General real estate security requirements.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 7 2010-01-01 2010-01-01 false General real estate security requirements. 764.104....104 General real estate security requirements. (a) Agency lien position requirements. If real estate... Agency; and (4) Equity in the collateral exists. (b) Real estate held under a purchase contract. If the...

  20. 12 CFR 34.83 - Disposition of real estate.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Disposition of real estate. 34.83 Section 34.83 Banks and Banking COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY REAL ESTATE LENDING AND APPRAISALS Other Real Estate Owned § 34.83 Disposition of real estate. (a) Disposition. A national bank may...

  1. 7 CFR 767.101 - Leasing real estate inventory property.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 7 2010-01-01 2010-01-01 false Leasing real estate inventory property. 767.101..., DEPARTMENT OF AGRICULTURE SPECIAL PROGRAMS INVENTORY PROPERTY MANAGEMENT Lease of Real Estate Inventory Property § 767.101 Leasing real estate inventory property. (a) The Agency may lease real estate inventory...

  2. 12 CFR 541.15 - Improved nonresidential real estate.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Improved nonresidential real estate. 541.15... REGULATIONS AFFECTING FEDERAL SAVINGS ASSOCIATIONS § 541.15 Improved nonresidential real estate. The term improved nonresidential real estate means nonresidential real estate: (a) Containing a permanent structure...

  3. 12 CFR 541.16 - Improved residential real estate.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Improved residential real estate. 541.16... REGULATIONS AFFECTING FEDERAL SAVINGS ASSOCIATIONS § 541.16 Improved residential real estate. The term improved residential real estate means residential real estate containing offsite or other improvements...

  4. 12 CFR 541.23 - Residential real estate.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Residential real estate. 541.23 Section 541.23... AFFECTING FEDERAL SAVINGS ASSOCIATIONS § 541.23 Residential real estate. The terms residential real estate... home used in part for business); (c) Other real estate used for primarily residential purposes other...

  5. 12 CFR 541.27 - Unimproved real estate.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Unimproved real estate. 541.27 Section 541.27... AFFECTING FEDERAL SAVINGS ASSOCIATIONS § 541.27 Unimproved real estate. The term unimproved real estate means real estate that will be improved, as defined in § 541.15 or § 541.16 of this part. ...

  6. 32 CFR 644.30 - Preliminary real estate work.

    Science.gov (United States)

    2010-07-01

    ... 32 National Defense 4 2010-07-01 2010-07-01 true Preliminary real estate work. 644.30 Section 644... PROPERTY REAL ESTATE HANDBOOK Project Planning Military (army and Air Force) and Other Federal Agencies § 644.30 Preliminary real estate work. (a) Preliminary real estate work is defined as that action taken...

  7. 33 CFR 211.22 - Real estate Claims Officers.

    Science.gov (United States)

    2010-07-01

    ... 33 Navigation and Navigable Waters 3 2010-07-01 2010-07-01 false Real estate Claims Officers. 211..., DEPARTMENT OF DEFENSE REAL ESTATE ACTIVITIES OF THE CORPS OF ENGINEERS IN CONNECTION WITH CIVIL WORKS PROJECTS Real Estate Claims § 211.22 Real estate Claims Officers. In each Division Office the Division...

  8. 33 CFR 211.2 - Authority to acquire real estate.

    Science.gov (United States)

    2010-07-01

    ... 33 Navigation and Navigable Waters 3 2010-07-01 2010-07-01 false Authority to acquire real estate..., DEPARTMENT OF DEFENSE REAL ESTATE ACTIVITIES OF THE CORPS OF ENGINEERS IN CONNECTION WITH CIVIL WORKS PROJECTS Real Estate; General § 211.2 Authority to acquire real estate. (a) Congressional authority...

  9. 12 CFR 365.2 - Real estate lending standards.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 4 2010-01-01 2010-01-01 false Real estate lending standards. 365.2 Section... POLICY REAL ESTATE LENDING STANDARDS § 365.2 Real estate lending standards. (a) Each insured state... extensions of credit that are secured by liens on or interests in real estate, or that are made for...

  10. 12 CFR 34.62 - Real estate lending standards.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Real estate lending standards. 34.62 Section 34.62 Banks and Banking COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY REAL ESTATE LENDING AND APPRAISALS Real Estate Lending Standards § 34.62 Real estate lending standards. (a) Each national bank...

  11. Indirect investment in real estate: Listed companies and funds

    OpenAIRE

    Suarez, Jose L.; Vassalo, Amparo

    2005-01-01

    In Europe today, there are two main vehicles for indirect investment in real estate; real estate investment funds, on the one hand, and, on the other, listed real estate companies. With these instruments, not only does the investor take a position in the real estate market, he/she also acquires different risk/return structures which may vary according to the instrument being used. In some European countries, real estate companies have modified their financial structure and tax position by ado...

  12. A model of real estate and psychological factors in decision-making to buy real estate

    Directory of Open Access Journals (Sweden)

    Bojan Grum

    2015-06-01

    Full Text Available This article explores the psychological characteristics of potential real estate buyers connected with their decision to buy. Through a review of research, it reveals that most studies of psychological factors in the decision to buy real estate have a partial and dispersed orientation, and examine individual factors independently. It appears that the research area is lacking clearly defined models of psychological factors in the decision to buy real estate that would integrally and relationally explain the role of psychological characteristics of real estate buyers and their expectations in relation to a decision to buy. The article identifies two sets of psychological factors, motivational and emotional, determines their interaction with potential buyers’ expectations when deciding to purchase real estate and offers starting points for forming a model.

  13. Economic scenarios for the real estate market: Incorporating uncertainty and risk in real estate appraisals

    Directory of Open Access Journals (Sweden)

    Carsten Lausberg

    2013-08-01

    Full Text Available Real estate appraisal is usually regarded as both a science and an art: “science” because the appraiser uses mathematical calculations and other objective elements, “art” because he also uses his experience and other subjective elements. This dual character requires—among others—that new insights from other disciplines and current trends are taken into account. The central proposition of the article is that this requirement is not met. The author provides evidence that real estate risk management has made tremendous progress since the mid-1990s which has not found its way into appraisal practice, thereby creating a situation where appraisals by risk analysts differ greatly from appraisals by real estate appraisers. According to the author the gap between real estate appraisal and risk analysis should be closed from both sides. The article begins with an overview of the most important trends which will impact real estate values in the future. From these trends, an exemplary economic scenario for European real estate markets is derived in order to demonstrate that scenario writing is a powerful tool for risk management. After that the author discusses some other methods of risk management and their potential benefits for real estate appraisal.

  14. Real estate prices and bank stability

    NARCIS (Netherlands)

    Koetter, Michael; Poghosyan, Tigran

    Real estate prices can deviate from their fundamental value due to rigid supply, heterogeneity in quality, and various market imperfections, which have two contrasting effects on bank stability. Higher prices increase the value of collateral and net wealth of borrowers and thus reduce the likelihood

  15. Real estate prices and bank stability

    NARCIS (Netherlands)

    Koetter, Michael; Poghosyan, Tigran

    2010-01-01

    Real estate prices can deviate from their fundamental value due to rigid supply, heterogeneity in quality, and various market imperfections, which have two contrasting effects on bank stability. Higher prices increase the value of collateral and net wealth of borrowers and thus reduce the likelihood

  16. Real Estate Curriculum for Community Colleges.

    Science.gov (United States)

    Nelson, Robert W.

    The Oregon Department of Education has prepared this curriculum guide to assist community college personnel in developing or upgrading real estate programs. This fast-growing field has demanded that community colleges analyze the course content of such programs so that they are relevant to the actual needs of the industry. An Advisory Committee…

  17. Why Real Estate Makes Sense for Endowments.

    Science.gov (United States)

    Kiser, Arthur G., Jr.

    1985-01-01

    Attributes of real estate that make it a desirable investment for institutional endowment funds include the uniqueness of each property, its function as a hedge against inflation, its function in stabilizing portfolio volatility, and the potential for income and diversification. (MSE)

  18. Real Estate Curriculum for Community Colleges.

    Science.gov (United States)

    Nelson, Robert W.

    The Oregon Department of Education has prepared this curriculum guide to assist community college personnel in developing or upgrading real estate programs. This fast-growing field has demanded that community colleges analyze the course content of such programs so that they are relevant to the actual needs of the industry. An Advisory Committee…

  19. Why Real Estate Makes Sense for Endowments.

    Science.gov (United States)

    Kiser, Arthur G., Jr.

    1985-01-01

    Attributes of real estate that make it a desirable investment for institutional endowment funds include the uniqueness of each property, its function as a hedge against inflation, its function in stabilizing portfolio volatility, and the potential for income and diversification. (MSE)

  20. THE CONCEPT AND ESSENCE, THE STRUCTURE OF REAL ESTATE MARKET

    Directory of Open Access Journals (Sweden)

    Edgar V. Hovsepyan

    2015-01-01

    Full Text Available With the help of the international research literature, and the legislative framework of the Russian Federation and the Republic of Armenia in the article reveals the basic concepts and the essence of the real estate market, as well as given the classification of real estate. Thoroughly explains the difference between the concepts of "real estate" and "real property". In the article considered the main elements which includes the structure of the real estate market.

  1. DO WE HAVE REAL ESTATE FOAMS?

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    @@ Prop: "The Real Estate industry in Beijing has dept and average 16.3% lever of growth overthe past 5years.Additionally,the investment in real estatemakes up more than 60% of hte annual investment in nonliquid had increased by 9.8%.From the time when Beijinwas chosen to hold hte 2008 Olympic Games,the housingprice ing Beijing has doubled;however,the volume of busimess has already decreased.

  2. Information System Analysis and Building for Integrated Real Estate Business Management in Real Estate Market

    Directory of Open Access Journals (Sweden)

    Hassan M.M. Elmetwaly

    2011-01-01

    Full Text Available Problem statement: This study discusses the problem of registration and following-up the real estate rental procedures of all kinds, always what we need is integrated information systems to meet our daily needs in the area of our business. Approach: Proposed information systems includes all of these processes necessary to manage and follow up real estate rental procedures of all different sizes and spaced locations. Results: It is taken into account when building real estate information systems that to be easy to use, quick in performance, serve all interests, serve all officials and help in having and supporting decisions. Such real estate information systems can be used in producing numerous daily, monthly and annual reports, which describes and shows the movement and workflow. Conclusion/Recommendations: The proposed real estate system is built by using oracle databases, it has been taken into account when building these systems the need to be linked to the international information network “the internet” due to what is offered of the unlimited number of electronic services, which facilitate the movement of transferring and exchanging real estate information for all users of these systems.

  3. Three Macro Controls Over China’s Real Estate Market

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    The first macro control: to cool overheated real estate investment June 2003: The People’s Bank of China issued the Notice on Further Strengthening Credit and Loan Business Management of Real Estate

  4. Bubble of Real Estate Does Not Appear in Beijing

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    @@ The report newly issued by Citigroup enables the people in Beijing to feel consoling that Beijing does not appear bubble in real estate. But the bubble of real estate has appeared only in Shanghai, Tianjin,Shenyang and Ningbo.

  5. China's Current Real Estate Cycle and Potential Financial Risks

    Institute of Scientific and Technical Information of China (English)

    Xiaojing Zhang; Tao Sun

    2006-01-01

    The real estate cycle and financial stability are closely correlated. In light of global real estate bubbles, China's real estate cycle has attracted wide attention since 1998. The present paper analyzes three driving factors in the context of the current real estate cycle; namely,economic growth, macroeconomic environment and institutional establishment. Supported by econometric analysis using quarterly data from 1992-2004, the present paper indicates that real estate will develop steadily and that housing prices will consistently rise in the relative long run. Based on quantitative analysis, it is concluded that the implications of the current real estate cycle for financial stability include risks of real estate credit exposure,government guarantees and maturity mismatch. Some corresponding policy implications are discussed, such as advancing banking reform, encouraging the rational behavior of local governments and strengthening the regulation of foreign capital flows in and out of China's real estate industry.

  6. Real Estate Market Developments and Financal Sector Soundness

    OpenAIRE

    Paul Louis Ceriel Hilbers; Lisbeth S Zacho; Qin Lei

    2001-01-01

    This paper analyses the characteristics and functioning of real estate markets. It focuses on the relationship between developments in these markets and the financial sector to determine under what circumstances real estate booms and busts can develop and how they can affect the health and stability of the financial system. It concludes that unbalanced real estate price developments often contribute to financial sector distress and that trends in real estate markets should be monitored closel...

  7. New International Evidence on Real Estate as a Portfolio Diversifier

    OpenAIRE

    Martin Hoesli; Jon Lekander; Witold Witkiewicz

    2004-01-01

    This paper provides an international comparison of the benefits of including real estate assets in mixed-asset portfolios. Real estate returns are desmoothed using a variant of the Geltner (1993) approach, and Bayes-Stein estimators are used to increase the stability of portfolio weight estimations. Both unhedged and hedged analyses are conducted. Real estate is found to be an effective portfolio diversifier, and even more so when both domestic and international real estate assets are conside...

  8. The Boom and Gloom of Real Estate Markets

    NARCIS (Netherlands)

    D. Brounen (Dirk)

    2008-01-01

    textabstractReal estate markets around the world have earned a complicated reputation. On the one hand, real estate markets offer investors a wide spectrum of profitable investments opportunities, investments that nowadays can be executed by simply buying shares of stock listed by real estate invest

  9. Dutch direct real estate investments in private portfolios

    NARCIS (Netherlands)

    Berkhout, T.M.; Geer, van der G.

    2005-01-01

    Direct real estate plays an important role in our daily lives. The place of direct real estate in the portfolio of a private investor is often limited however. The paper attempts to answer the question of how large the allocation to direct real estate should be to attain an optimal risk/return portf

  10. 7 CFR 1940.406 - Real estate settlement procedures.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 13 2010-01-01 2009-01-01 true Real estate settlement procedures. 1940.406 Section... AGRICULTURE (CONTINUED) PROGRAM REGULATIONS (CONTINUED) GENERAL Truth in Lending-Real Estate Settlement Procedures § 1940.406 Real estate settlement procedures. (a) General. This section provides the instructions...

  11. 24 CFR 100.50 - Real estate practices prohibited.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 1 2010-04-01 2010-04-01 false Real estate practices prohibited....50 Real estate practices prohibited. (a) This subpart provides the Department's interpretation of... in, any multiple-listing service, real estate brokers' association, or other service organization or...

  12. Dutch direct real estate investments in private portfolios

    NARCIS (Netherlands)

    Berkhout, T.M.; Geer, van der G.

    2005-01-01

    Direct real estate plays an important role in our daily lives. The place of direct real estate in the portfolio of a private investor is often limited however. The paper attempts to answer the question of how large the allocation to direct real estate should be to attain an optimal risk/return

  13. Knowingly taking risk: investment decision making in real estate development

    NARCIS (Netherlands)

    Gehner, E.

    2008-01-01

    Knowingly taking risk is essential to the success of the real estate development business. Investing in real estate development projects, which are characterised by complexity and uncertainty, implies that high risks are taken. Interestingly, little is known about how real estate development

  14. Real estate space-territorial development

    Directory of Open Access Journals (Sweden)

    Sarchenko Vladimir Ivanovich

    2015-01-01

    Full Text Available Urbanization is one of the main sustainable tendencies of modern development. The contemporary state of real estate structure is characterized by high level of heterogeneity. In general, the consolidated design document of Moscow urban development, reconstruction and other forms of developing city territories doesn’t take into account the main tendencies of social and economic development, change of scales and structure of city production capacities, priorities of national economy development, or demand particularities, traditional and perspective preferences of citizens of different categories. The article focuses on systematization of basics of real estate space-territorial development strategic analysis. The author analyses the essence of analytical methods, their purpose, levels and analysis projections. The article emphasizes the estimation of economic effectiveness and revelation of urban environment development reserves.

  15. Physician alignment strategies and real estate.

    Science.gov (United States)

    Czerniak, Thomas A

    2012-06-01

    When addressing locations of facilities after acquiring physician practices, hospitals should: Acknowledge the hospital's ambulatory plan is the driver rather than real estate assumed with the physician practices, Review the hospital ambulatory service plan for each submarket, Review the location of facilities within the service area and their proximity to one another, Sublease or sell existing facilities that are not appropriate, Ensure that the size and characteristics of each facility in the market are appropriate and consistent with the hospital's image.

  16. Real Estate Portfolio Diversification Using Economic Diversification

    OpenAIRE

    Mueller, Glenn R.; Barry A. Ziering

    1992-01-01

    Previous work on real estate portfolio diversification by location began with geographic region diversification and moved to economically defined regions (a combination of economics and geography). This work takes the next step by removing the arbitrary geographic restriction and looking at the local economic drivers of individual metropolitan areas as the key determinant for more efficient diversification. The results show that economic diversification can be a more effective diversification...

  17. A Note on Real Estate Marketing Research

    OpenAIRE

    Emil E. Malizia

    1990-01-01

    Although the principles of real estate market analysis are more readily accessible due to the publication of several recent volumes, the topic yet to be grounded properly in the broader marketing research field. Building on the appraisal tradition, the professional market analyst strives for an objective assessment of market comparables and trends to arrive at a thoughtful and informed opinion of economic feasibility on behalf of the client developer, investor, lender, or landowner. However, ...

  18. MASS APPRAISAL AND REAL ESTATE TAXATION

    OpenAIRE

    VORONIN V. О.; LYANTSE E. V.

    2015-01-01

    Raising of problem. The government at the legislative level fixed the definition of market value for tax purposes as mandatory in the implementation of real estate transactions. In order to meet the requirements of ob- jectivity, uniformity and consistency of the results obtained during the evaluation procedures, as well as minimize the influence of subjective factors, there is a need to develop a methodology for evaluating an automated procedure for determining the estimated value of the pro...

  19. IMPLEMENTATION PAPER ON REAL ESTATE MONITORING SYSTEM

    OpenAIRE

    Sunidhi Kabra*, Vivek Mishra, Kshitiz Kesharwani, Shivaanshu Nagarkar

    2016-01-01

    With the enhancements in the Internet and computer technology, we are now able to do most of our work automatically, for example, e-wallet, online payments, etc. As a whole, Internet has made our lives simpler. Making use of modern day Internet and computer technologies, we have come up with an online system useful in the field of construction. Our concept, Real Estate Monitoring System, enables any individual constructor to automate the manual logs maintained at a construction site. By this ...

  20. Gentrification and models for real estate analysis

    Directory of Open Access Journals (Sweden)

    Gianfranco Brusa

    2013-08-01

    Full Text Available This research propose a deep analysis of Milanese real estate market, based on data supplied by three real estate organizations; gentrification appears in some neighborhoods, such as Tortona, Porta Genova, Bovisa, Isola Garibaldi: the latest is the subject of the final analysis, by surveying of physical and social state of the area. The survey takes place in two periods (2003 and 2009 to compare the evolution of gentrification. The results of surveys has been employed in a simulation by multi-agent system model, to foresee long term evolution of the phenomenon. These neighborhood micro-indicators allow to put in evidence actual trends, conditioning a local real estate market, which can translate themselves in phenomena such as gentrification. In present analysis, the employ of cellular automata models applied to a neighborhood in Milan (Isola Garibaldi produced the dynamic simulation of gentrification trend during a very long time: the cyclical phenomenon (one loop holds a period of twenty – thirty years appears sometimes during a theoretical time of 100 – 120 – 150 years. Simulation of long period scenarios by multi-agent systems and cellular automata provides estimator with powerful tool, without limits in implementing it, able to support him in appraisal judge. It stands also to reason that such a tool can sustain urban planning and related evaluation processes.

  1. MASS APPRAISAL AND REAL ESTATE TAXATION

    Directory of Open Access Journals (Sweden)

    VORONIN V. О.

    2015-12-01

    Full Text Available Raising of problem. The government at the legislative level fixed the definition of market value for tax purposes as mandatory in the implementation of real estate transactions. In order to meet the requirements of objectivity, uniformity and consistency of the results obtained during the evaluation procedures, as well as minimize the influence of subjective factors, there is a need to develop a methodology for evaluating an automated procedure for determining the estimated value of the property based on its market value. To solve this problem, we use special techniques and methods of mass appraisal that incorporates computer-supported statistical analyses, such as multiple regression analysis and adaptive estimation procedure for use in the field of property valuation and property rights. Purpose. Realization of this goal involves the development of the concept of a computer-assisted mass appraisal. The basis of this concept is an adaptive hybrid models of market pricing in different market segments that incorporates software adaptive algorithms for determining the market value by the three evaluation approaches using the results of a multi-level real estate market analysis. It was proposed the utility automated valuation models which is intended for the implementation of a computerized real estate valuation based on the developed software adaptive algorithms. Con-clusion. To achieve this goal have been developed and used concepts underlying of computerized mass appraisal. The basis of this concept is adaptive hybrid pricing models in various segments of the real estate market of Ukraine. The problem is solved by the application of the developed software-based adaptive algorithms for determining the market value of three evaluation approaches using the results of a multi-level analysis of the real estate market. It was pro-posed the model of automated appraisal, according to it was implemented computerization of appraisal procedures on the

  2. Real Estate Development, Highest and Best Use and Real Options

    Directory of Open Access Journals (Sweden)

    Marina Bravi

    2013-08-01

    Full Text Available 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. It is important to remember that the real estate investments are characterized by irreversible decision and by various sources of risk and uncertainty about future returns, especially when the development process is very long. The flexibility in the real estate investment is related to the alternative uses embedded in the land – traditionally interpreted through the Highest and Best Use approach – and to the characteristics of the building. In fact, the value of vacant land should reflect not only the value based on best immediate use, but also its option value, if the development is delayed and the land is converted into best alternative use in the future. This is also true for the redeveloped urban lands. In brief, this work shows the limits of the traditional analysis (Discounted Cash Flow Model to capture flexibility in the real estate investment and presents an application – an industrial urban area – implemented by the real option approach within a backward risk-neutral valuation process.

  3. Real estate price peaks: a comparative overview

    CERN Document Server

    Röhner, B M

    2006-01-01

    First, we emphasize that the real estate price peaks which are currently under way in many industrialized countries (one important exception is Japan) share many of the characteristics of previous historical price peaks. In particular, we show that: (i) In the present episode real price increases are, at least for now, of the same order of magnitude as in previous episodes, typically of the order of 80 percent to 100 percent. (ii) Historically, price peaks turned out to be symmetrical with respect to the peak; soft landing, i.e. an upgoing phase followed by a plateau, has rarely (if ever) been observed. (iii) The inflated demand is mainly boosted by investors and high-income buyers. (iv) In the present as well as in previous episodes, the main engines in the upgoing phase have been the hot markets which developed in major cities such as London, Los Angeles, New York, Paris, San Francisco or Sydney. In our conclusion, we propose a prediction for real estate prices in the West of the United States over the peri...

  4. Real Estate Appraising. A Suggested Adult Education Course.

    Science.gov (United States)

    New York State Education Dept., Albany. Bureau of Continuing Education Curriculum Development.

    Developed to assist teachers of classes in real estate appraisal and to help students prepare for professional qualification, this guide presents 12 lessons which may be taught in 15 two-hour sessions. The twelve lessons are (1) The Appraisal of Real Estate, (2) Real Property Value, (3) Basic Principles of Real Property Value, (4) The Appraisal…

  5. Real Estate development between stagnation and modernisation: The uncertain real estate market

    NARCIS (Netherlands)

    Soeter, J.P.; De Jong, P.

    2012-01-01

    After a historical peak in 2001 the Dutch non-residential real estate market is characterized by growing vacancy, discontinuity of building construction and uncertainty about development opportunities. The recession in 2008/2009 -and again in 2011/2012- strengthens the uncertainties about the future

  6. Commercial real estate development and valuation in the Netherlands

    OpenAIRE

    Schoenmaker, Dennis Albert Jan

    2016-01-01

    In the past three decades, financial deregulation, or the process of removing governmental rules controlling the way that financial organizations operate, has facilitated interconnections between commercial real estate markets, the financial sector and national economic markets. As a result, commercial real estate has become an important ‘financial’ asset in the investment portfolios of both national and international investors. In this thesis I analyse different key aspects of the real estat...

  7. PENERAPAN ANALISIS DU PONT PADA INDUSTRI PROPERTY DAN REAL ESTATE

    National Research Council Canada - National Science Library

    Novita Ratna Satiti

    2016-01-01

    Penelitian ini bertujuan untuk mengetahui bagaimana analisis Du Pont System menilai kinerja keuangan industry property dan real estate, apakah analisis tersebut dapat mengetahui perusahaan mana yang...

  8. The comparison and analysis of real estate operation in China

    Institute of Scientific and Technical Information of China (English)

    张跃松

    2004-01-01

    This paper raises the comparison method of operational stages of the real estate market. In order to select similar operational stages, we established an analysis model by applying fuzzy grade-of-membership clustering in this paper. Firstly, we select the materials information of the real estate market in America, Germany and Japan. Secondly, the real estate markets of America, Germany and Japan are divided into several different stages. Lastly, we apply the method of fuzzy grade-of-membership clustering to select comparable stages. The result of analysis indicates that the real estate market of Japan and Germany (1960-1980) are similar to the market in China.

  9. Strategic real-estate planning can generate revenue.

    Science.gov (United States)

    Hayes, D; Hays, S

    2001-12-01

    Many healthcare organizations treat their real estate as liabilities rather than assets and overlook opportunities to generate significant additional revenue and reduce costs. An Ernst & Young Study found that to maximize the return on investment in their real-estate holdings, healthcare organizations need to include property management in their strategic plan, manage construction and expansion effectively, adapt and reuse their facilities where possible, and pursue innovative real-estate strategies. Managing real-estate assets effectively can free up capital to use for other core business needs.

  10. Real estate, assets and taxes: some considerations

    Directory of Open Access Journals (Sweden)

    R. PALADINI

    2013-12-01

    Full Text Available There are two propositions in Italy for which there is broad consensus among both scholars and among economic policy makers. The first is that, with respect to other countries, the tax burden is relatively low compared to the share of government expenditure, and therefore increase the levy is necessary, in addition to spending reductions. The second is that this increase in taxation should be done so as not to hit the incomes of middle-income workers, on which the tax burden is already high and has grown considerably in recent years. An increase in the taxes in the real estate sector is thus an attractive proposition and indeed reform in this area is one of the most debated issues in recent years. In the present work the author offers several observations to show how some of the choices related to this issue, however, should be framed in a broader view which invests more general options.

  11. Xu Weiping: Pioneer in New Economy Real Estate

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

      In Xu's mind, ABP is different from real estate in its conventional sense.lt bears an analogy to a computer sustaining a network, in which real estate is hardware, resident companies (moving into ABP) are softwares, and the headquarters economy system is the network.……

  12. Xu Weiping: Pioneer in New Economy Real Estate

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    @@ In Xu's mind, ABP is different from real estate in its conventional sense.lt bears an analogy to a computer sustaining a network, in which real estate is hardware, resident companies (moving into ABP) are softwares, and the headquarters economy system is the network.

  13. State regulation of services in real estate market of Russia

    Directory of Open Access Journals (Sweden)

    Alexander Medovy

    2009-10-01

    Full Text Available The paper defines role of state in regulation framework of real estate market of Russia. Factors influencing on decreasing state regulatory level are analyzed. The author describes role and significance of administrative and economic methods of state regulation in real estate market. Some policy measures are recommended to improve regulatory environment.

  14. Buying and leasing real estate for veterinary hospitals.

    Science.gov (United States)

    Salzsieder, Karl R

    2006-03-01

    The major factors to be considered in the real estate purchase decision are the interest rate, the depreciation schedule, the property appreciation, the income tax impact, and the impact of paying a principal payment as part of the real estate mortgage. All these factors must be compared with the costs of leasing.

  15. The Transmission of Real Estate Shocks Through Multinational Banks

    NARCIS (Netherlands)

    Bertay, A.C.

    2014-01-01

    Abstract: This paper investigates the credit supply of banks in response to domestic and foreign real estate price changes. Using a large international dataset of multinational banks, we find evidence of a significant transmission of domestic real estate shocks into lending abroad. A 1% decrease in

  16. Real estate development for a chaning user market

    NARCIS (Netherlands)

    Soeter, J.P.; De Jong, P.; Van de Water, T.

    2011-01-01

    The recent collapse of the non-residential real estate development & construction market rises the question, what the future demand will be for real estate space and how these will influence future development activities. The aim of this research is to provide a framework for stock-flow analysis and

  17. The Transmission of Real Estate Shocks Through Multinational Banks

    NARCIS (Netherlands)

    Bertay, A.C.

    2014-01-01

    Abstract: This paper investigates the credit supply of banks in response to domestic and foreign real estate price changes. Using a large international dataset of multinational banks, we find evidence of a significant transmission of domestic real estate shocks into lending abroad. A 1% decrease in

  18. Real estate development for a chaning user market

    NARCIS (Netherlands)

    Soeter, J.P.; De Jong, P.; Van de Water, T.

    2011-01-01

    The recent collapse of the non-residential real estate development & construction market rises the question, what the future demand will be for real estate space and how these will influence future development activities. The aim of this research is to provide a framework for stock-flow analysis and

  19. Portfolio Diversification Benefits Using Real Estate Investment Trusts - An Experiment with US Common Stocks, Equity Real Estate Investment Trusts, and Mortgage Real Estate Investment Trusts

    National Research Council Canada - National Science Library

    Rafiq Bhuyan; James L Kuhle; Talla Mohammed Al-Deehani; Munir Mahmood

    2015-01-01

    ...) and common stock in portfolio diversification. In particular, we examine the effects of risk-reduction benefits through diversifying among common stocks via Equity Real Estate Investment Trusts (EREITs...

  20. Advertising Model of Residential Real Estate Object in Lithuania

    Directory of Open Access Journals (Sweden)

    Jelena Mazaj

    2012-07-01

    Full Text Available Since the year 2000, during the period of economic growth, the real estate market has been rapidly expanding. During this period advertising of real estate objects was implemented using one set of similar channels (press advertising, Internet advertising, leaflets with contact information of real estate agents and others, however the start of the economic recession has intensified the competition in the market and forced companies to search for new advertising means or to diversify the advertising package. The article presents real estate property, as a product, one of the marketing components – including advertising, conclusions and suggestions based on conducted surveys and a model for advertising the residential real estate objects.Article in Lithuanian

  1. Real Estate Across the United States (REXUS) (Lease)

    Data.gov (United States)

    General Services Administration — Real Estate Across the United States (REXUS) is the primary tool used by PBS to track and manage the government's real property assets and to store inventory data,...

  2. Success and fail factors in sustainable real estate renovation projects

    NARCIS (Netherlands)

    Volker, L.

    2011-01-01

    Sustainability remains an important issue for the construction industry. Yet, sustainable real estate developments are still considered as highly ambitious projects. To find out how and why sustainable renovation projects actually became sustainable we systematically evaluated 21 leading Dutch real

  3. Real Estate Across the United States (REXUS) Inventory (Building)

    Data.gov (United States)

    General Services Administration — Real Estate Across the United States (REXUS) is the primary tool used by PBS to track and manage the government's real property assets and to store inventory data,...

  4. China’s Real Estate Finance:Undergoing Directional Change

    Institute of Scientific and Technical Information of China (English)

    郭琼; 宋燕华; 赵剑飞

    2008-01-01

    Influenced by a host of new policies on real property loans and foreign investment restrictions, real estate finance is in the midst of directional change characterized by fluctuations in domestic and overseas financing arrangements. The long-

  5. PROTECTION FROM INFLATION BY INVESTING IN REAL ESTATES, ALBANIAN CASE

    Directory of Open Access Journals (Sweden)

    Dorina KRIPA

    2015-10-01

    Full Text Available Nowadays investing in Real Estates is one of the main investing alternatives. It has spread fast in all the international markets, and has evolved in other indirect tools of investing, based on the investors’ demands and a country’s economic situation. Investing in Real Estates has become an attractive alternative because it offers protection from Inflation and also diversification. Therefore, the increase in these assets’ prices, and the increase in Inflation at the same time, provides the investor with high rate of returns from his portfolio. Even the periodic income from the rent, reflects the changes in Inflation. As a result, reviewing the literature, we conclude that Real Estates are protective in inflationist periods. The income from Real Estates tends to increase faster in inflationist environments, allowing the investor to keep real rates of returns. Real Estates have always behaved different from bonds, options and stocks. Real Estates have their particular life cycle, which is distinguished by the boom and bust periods, in particular The Commercial Real Estate in the 80’ and The Residential Real Estate in the 2008 crisis. Usually Real Estates have a low correlation with other classes of assets. This makes investors invest more in Real Estates, and now it is normal for an investor with passive or active strategy to own more than one Real Estate for profit intentions. This topic has been chosen in order to understand in details the relationship between Real Estates and Inflation in Albania. To explain this relationship, it has been used the model of a linear regression. It has been identified The House Price Index (a representative of Real Estates in Albania as a dependent variable and Inflation as an independent variable. From this model, we conclude that there is a positive and linear relationship between The Price Index and Inflation. In conclusion, if the economy has Inflation and the GDP Deflator increases by 1 %, then The

  6. 76 FR 30396 - Deloitte Financial Advisory Services LLP, Real Estate Consulting, Houston, TX; Amended...

    Science.gov (United States)

    2011-05-25

    ... Financial Advisory Services LLP, Real Estate Consulting, Houston, TX; Amended Certification Regarding... of Deloitte Financial Advisory Services LLP, Real Estate Consulting, Houston, Texas (subject firm... Financial Advisory Services LLP, Real Estate Consulting, Houston, Texas who were adversely affected by a...

  7. 78 FR 24227 - Notice of Proposed Information Collection; Comment Request: Real Estate Settlement Procedures Act...

    Science.gov (United States)

    2013-04-24

    ... URBAN DEVELOPMENT Notice of Proposed Information Collection; Comment Request: Real Estate Settlement... information: Title of Proposal: Real Estate Settlement Procedures Act (RESPA) Disclosures. OMB Control Number... 24 CFR part 3500, require real estate settlement service providers to give homebuyers certain...

  8. Outlier free Real Estate Predictive Model

    Directory of Open Access Journals (Sweden)

    Geetali Banerji

    2015-11-01

    Full Text Available Studying human behaviour is a difficult task for many reasons:-The reasons are ranging from an intentional task to a cognitive sign, which are processes other than those of interest occurring at the same time. The processes can be psychological, social constraint and all cognitive. The processes operated in the background and have either some time no effect on the collective data or they may reflect the results occasionally. All those undesired behaviours produce measurable responses sometimes happens to be correct by chance. Some responses however may attract attention due to their unusual aspects, denoted as outliers. If not properly handled the outliers in the design phase the resultants may affect the resultant inferences or the experimental outcome at initial stage. Thus, it is required to treat the outliers before it is too late in the design phase itself. The influence of outliers is more importance if the sample size is small with the examined statistics, which is less robust. In this paper, we have detected the outlier patterns in the Real Estate era and removed it up to a great degree, which not only reflects the drastic change in the results but also improves the rules formation. Thus, we provide a structure and comprehensive overview of the research on outlier detection.

  9. Outlier free Real Estate Predictive Model

    Directory of Open Access Journals (Sweden)

    Geetali Banerji

    2014-06-01

    Full Text Available Studying human behaviour is a difficult task for many reasons:-The reasons are ranging from an intentional task to a cognitive sign, which are processes other than those of interest occurring at the same time. The processes can be psychological, social constraint and all cognitive. The processes operated in the background and have either some time no effect on the collective data or they may reflect the results occasionally. All those undesired behaviours produce measurable responses sometimes happens to be correct by chance. Some responses however may attract attention due to their unusual aspects, denoted as outliers. If not properly handled the outliers in the design phase the resultants may affect the resultant inferences or t he experimental outcome at initial stage. Thus, it is required to treat the outliers before it is too late in the design phase itself. The influence of outliers is more importance if the sample size is small with the examined statistics, which is less robust. In this paper, we have detected the outlier patterns in the Real Estate era and removed it up to a great degree, which not only reflects the drastic change in the results but also improves the rules formation. Thus, we provide a structure and comprehensive overview of the research on outlier detection.

  10. Improvement and alienation of public real estate

    Directory of Open Access Journals (Sweden)

    Ferruccio Favaron

    2012-04-01

    Full Text Available Most of the Italian cities have been in crisis through the last decades, not being able anymore to guarantee the needs and expectations of their inhabitants, due to the lack of fundamental services, mobility, places of aggregation and attraction. The housing growth since Second World War, answering almost only to the needs of speculation and revaluation of landed revenue, produced anonymous and degraded suburbs, contributing to cancel a fundamental part of our communities’ history and culture. The crisis of the cities has clashed with the architectural one. Through sustainable regeneration, identified by the Italian architects as the greatest opportunity for revitalizing the cities and develop the country, we need to sustain interventions based on high architectural quality, besides innovative energetic, environmental and social requalification standards. It is now as never fundamental to extend the city effect from the centre to the far end suburbs, upgrading the public element, integrating the services and proposing new polarities able to interact in a synergic and propaedeutic way with the city centre. Within these settings, involving public agencies and resources with private companies and capitals, the new conversion, development and alienation of the public real estate (valued more than 400 billions €, represent a unique chance to redefine and regenerate the cities, apart from being an extraordinary opportunity to drop the debt and rationalize the local government expenses. To provide powerful infrastructures, aimed cultural policies, sustainable and environmental developments plans, are the biggest challenges to make our cities the most important investment on our future.

  11. Towards a listed real estate investment valuation model

    Directory of Open Access Journals (Sweden)

    Douw Gert Brand Boshoff

    2013-09-01

    Full Text Available This paper presents a Listed Real Estate Investment Valuation Model that was developed to investigate the movement in indirect real estate investment through the consideration of the underlying assets of property loan stock companies. Specific reference is given to information that is made available to shareholders by way of annual financial statements in order to determine the extent to which shareholders can make investment decisions based on this information. The study enhances the knowledge of direct vs. indirect real estate investment behaviour and provides more insight into price discovery in the property sector.

  12. Atypical real estate objects: legal regime and control system

    Directory of Open Access Journals (Sweden)

    Voskresenskaya Elena

    2017-01-01

    Full Text Available The legal concept of immovable things raises controversy in legal practice. Determining and understanding the definition of real estate, the complexity and diversity of these objects, a growing appearance of so-called atypical properties (such as sport stadiums, roads, boreholes, analyzing legislation and judicial practice of this field – all these issues call for a deep study of this topic. There is a conflicting arbitration practice, the subject of which is the learning of the legal nature of atypical real estate (for instance, asphalt playgrounds, car parks, fences, wells. The object of the research is the learning of the legal status of atypical real estate.

  13. An Optimal Rubrics-Based Approach to Real Estate Appraisal

    Directory of Open Access Journals (Sweden)

    Zhangcheng Chen

    2017-05-01

    Full Text Available Traditional real estate appraisal methods obtain estimates of real estate by using mathematical modeling to analyze the existing sample data. However, the information of sample data sometimes cannot fully reflect the real-time quotes. For example, in a thin real estate market, the correlated sample data for estimated object is lacking, which limits the estimates of these traditional methods. In this paper, an optimal rubrics-based approach to real estate appraisal is proposed, which brings in crowdsourcing. The valuation estimate can serve as a market indication for the potential real estate buyers or sellers. It is not only based on the information of the existing sample data (just like these traditional methods, but also on the extra real-time market information from online crowdsourcing feedback, which makes the estimated result close to that of the market. The proposed method constructs the rubrics model from sample data. Based on this, the cosine similarity function is used to calculate the similarity between each rubric for selecting the optimal rubrics. The selected optimal rubrics and the estimated point are posted on a crowdsourcing platform. After comparing the information of the estimated point with the optimal rubrics on the crowdsourcing platform, those users who are connected with the estimated object complete the appraisal with their knowledge of the real estate market. The experiment results show that the average accuracy of the proposed approach is over 70%; the maximum accuracy is 90%. This supports that the proposed method can easily provide a valuable market reference for the potential real estate buyers or sellers, and is an attempt to use the human-computer interaction in the real estate appraisal field.

  14. Spanish Real Estate Bubble: A Classroom Experiment

    Directory of Open Access Journals (Sweden)

    Fernando Castello-Sirvent

    2016-10-01

    Full Text Available The European Higher Education Area (EHEA requires development of teaching methodologies that encourage active participation by students in the autonomous learning process, taking the figure of the professor as the mediator. On the other hand, the economy is a fundamental aspect in today’s society insofar that it contributes to explaining the behaviour of individuals. In this sense, the experimental economy applied in lecture rooms is presented as an innovative educational procedure that is perfectly adapted to university teaching, since it facilitates acquisition and consolidation of curricular knowledge and favours the development of capabilities by students, whilst at the same time improving the quality of teaching and has a positive impact on the interest students have in the subject. This paper describes the application of an economic experiment as an active learning method to prove the mechanisms used to set prices. The experience took place at the ESIC Business and Marketing School Valencia university centre, within the subject of “Spanish Economy” in Official Business Management and Administration degrees and in Marketing and Sales Management degrees. The starting point for this experience was the work by Radim Boháček (2002, adding changes aimed at empirically explaining inflation, the real estate bubble and subsequent economic crisis in Spain. The obtained results prove that this educational experience favours learning of the economic concepts students study, and stimulates proactive interest in the subject. From the obtained results a second experiment is proposed in order to consolidate concepts concerning price setting mechanisms in the presence of intervention by the Public Sector (taxes and subsidies or establishing incentives that model collusive behaviour leading to situations where market offers are concentrated in oligopolies.

  15. Towards a Real Estate Monitoring Information System in Romania

    Directory of Open Access Journals (Sweden)

    Paul de Vries

    2009-06-01

    Full Text Available This paper examines the construction of real estate databases and the valuation of properties in Buzau, Romania. One of the criteria for candidate states for EU membership is an effective monitoring system for the land and real estate markets.The objective of this paper is twofold. First, the development of a set of databases, procedures and guidelines that enables a valuation process on the Romanian real estate market and secondly, using those databases, to gain insight into the real market value of recently sold properties. We use the observations of estate agents and banks starting in May 2007. Using hedonic regression, with house andneighbourhood characteristics, we estimate the house prices

  16. Commercial real estate development and valuation in the Netherlands

    NARCIS (Netherlands)

    Schoenmaker, Dennis Albert Jan

    2016-01-01

    In the past three decades, financial deregulation, or the process of removing governmental rules controlling the way that financial organizations operate, has facilitated interconnections between commercial real estate markets, the financial sector and national economic markets. As a result, commerc

  17. Aquatic Resources Awareness Course for Real Estate Appraisers

    Science.gov (United States)

    This training module is intended for licensed real estate appraisers. It is designed to increase the awareness of aquatic resources including why they are protected, signs to look for and documentation.

  18. Commercial real estate development and valuation in the Netherlands

    NARCIS (Netherlands)

    Schoenmaker, Dennis Albert Jan

    2016-01-01

    In the past three decades, financial deregulation, or the process of removing governmental rules controlling the way that financial organizations operate, has facilitated interconnections between commercial real estate markets, the financial sector and national economic markets. As a result,

  19. Implementing a real estate management system using open source ...

    African Journals Online (AJOL)

    Implementing a real estate management system using open source GIS software. ... already gets most of the information without having to leave home or work. ... to provide the background on which the parcels of land (plots) are displayed.

  20. Annual China Real Estate Forum 2010 at CEIBS

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    @@ The first Annual China Real Estate Forum was held on September 4 on the Beijing Campus of the China Europe International Business School (CEIBS). The forum has invited all stakeholders including government officials, property developers,bankers and investors.

  1. Special Taxing Districts, Real Estate Abatements, Published in 2006, Freelance.

    Data.gov (United States)

    NSGIC GIS Inventory (aka Ramona) — This Special Taxing Districts dataset, was produced all or in part from Published Reports/Deeds information as of 2006. It is described as 'Real Estate Abatements'....

  2. Evaluating financial health of real estate & construction industry in India

    OpenAIRE

    Chetna Batra

    2015-01-01

    Real Estate & Construction sector plays an important role in the development of a country’s base. Understanding its performance would be crucial as, in India, it is one of the largest contributors to the Gross Domestic Product (GDP) and one of the largest generators of economic activity. Real estate & construction sector in general, is perceived to be financially more risky compared to other sectors of the economy. The current research extends and adds to the extant literature by investigatin...

  3. Evaluating financial health of real estate & construction industry in India

    OpenAIRE

    Chetna Batra

    2015-01-01

    Real Estate & Construction sector plays an important role in the development of a country’s base. Understanding its performance would be crucial as, in India, it is one of the largest contributors to the Gross Domestic Product (GDP) and one of the largest generators of economic activity. Real estate & construction sector in general, is perceived to be financially more risky compared to other sectors of the economy. The current research extends and adds to the extant literature by investigatin...

  4. The marginal benefit of diversification in commercial real estate portfolios

    OpenAIRE

    Lee, Stephen L.

    2005-01-01

    The number of properties to hold to achieve a well-diversified real estate property portfolio presents a puzzle, as the estimated number is considerably higher than that seen in actual portfolios. However, Statman (1987) argues that investors should only increase the number of holdings as long as the marginal benefits of diversification exceed their costs. Using this idea we find that the marginal benefits of diversification in real estate portfolios are so small that investors are probably r...

  5. Stock-Market valuation of construction and real estate companies

    OpenAIRE

    Concepción Bartual Sanfeliu; Vicente Moya Ismae Caballer

    2001-01-01

    The aim of this work is to obtain explanatory equations for the stock-market value of construction and real estate companies, using the economic-financial information supplied by the same. Equations of fundamental valuation of construction and real estate companies will be calculated by means of combination of factor analysis of principal components and multiple regression, synthesizing the available information in the market and avoiding the frequent problem of multicollinearity. The contrib...

  6. Annual China Real Estate Forum 2010 at CEIBS

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    The first Annual China Real Estate Forum was held on September 4 on the Beijing Campus of the China Europe International Business School(CEIBS). The forum has invited all stakeholders including government officials,property developers, bankers and investors. The participants will discuss the emerging trends of the industry, as the landscape of China’s real estate is facing profound transformation both at the policy and business levels.

  7. The National Real Estate Market In the Past Three Quarters

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    In the past three quarters,investment in real estate development totaled 3351.1 billion yuan($504.2 billion),up by 36.4 percent year on year,of which,investment in residential buildings reached 2.35 trillion yuan($353.7 billion),representing a 33.8-percent increase year on year and accounting for 70.2 percent of the investment in real estate development.

  8. 32 CFR 643.13 - Military requirement for real estate under grant.

    Science.gov (United States)

    2010-07-01

    ... 32 National Defense 4 2010-07-01 2010-07-01 true Military requirement for real estate under grant... (CONTINUED) REAL PROPERTY REAL ESTATE General § 643.13 Military requirement for real estate under grant. When a military requirement arises for real estate which is being used under a grant of non-Army use, the...

  9. Real estate valuation in the Republic of Serbia

    Directory of Open Access Journals (Sweden)

    Božić Branko S.

    2014-01-01

    Full Text Available There is no complete and systemized infrastructure for efficient and reliable evaluation of real estates in the Republic of Serbia. This is confirmed by analysis of the applicable regulations which treat valuation of real estates in different ways. This practice contradicting numerous standards and applicable directives (INSPIRE directive, Strategy of the development of geospatial data infrastructure in the Republic of Serbia etc., as well as numerous other examples of good practice governing the activities of collecting and maintaining spatial data infrastructure. By the Law on State Survey and Cadaster of the 2009, the Republic Geodetic Authority is ensured to the jurisdiction of the development of mass appraisal, which should provide real estate market value for all real estates in the territory of the Republic of Serbia. In contrast, the position and the role of local government being increasable stronger in creating the budget, which is closely associated with the values of resources and capital which local government have. Determing the property tax is the responsibility of the local government and therefore its role in the process of valuation of immovable property is of great importance. In addition to local governments, the Tax Administration traditionally determines real estate values. This paper analyzes the current situation and initiate further activities on the development of the system of evaluation of real estates in the Republic of Serbia.

  10. The real estate market as the foundation of the value and forecast as a purpose: trend and real estate cycles

    Directory of Open Access Journals (Sweden)

    Paolo Rosasco

    2013-08-01

    Full Text Available The purpose of this project is that of inquiring around the relations existing among the main variables characterizing the Genovese residential real estate market which determine their performance in time through the data analysis of the two observers of the real estate market: ASSIMIL and OMI. The analysis has developed on five selected market homogeneous areas within the territory of the town of Genoa. The aim is that to test whether it’s possible or not to recognize a cyclical of values in time and how they appear by using two different sources of data. The correct forecast of the real estate market is, in fact, strategic for the valuation of the feasibility of interventions and for the construction of reliable real estate investment scenarios.

  11. Towards phronetic knowledge for strategic planning in corporate real estate management: A real options approach

    NARCIS (Netherlands)

    Reedt Dortland, van Maartje; Voordijk, Hans; Dewulf, Geert

    2014-01-01

    Purpose – The objective of this paper is to provide insights about the potential of real option thinking for corporate real estate management (CREM) from the owner-user perspective. A promising approach to classifying and evaluating flexibility in real estate is the real options approach. Most lite

  12. 7 CFR 767.102 - Leasing non-real estate inventory property.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 7 2010-01-01 2010-01-01 false Leasing non-real estate inventory property. 767.102..., DEPARTMENT OF AGRICULTURE SPECIAL PROGRAMS INVENTORY PROPERTY MANAGEMENT Lease of Real Estate Inventory Property § 767.102 Leasing non-real estate inventory property. The Agency does not lease non-real estate...

  13. 32 CFR 552.32 - Authority to acquire real estate and interests therein.

    Science.gov (United States)

    2010-07-01

    ... 32 National Defense 3 2010-07-01 2010-07-01 true Authority to acquire real estate and interests... Real Estate and Interest Therein § 552.32 Authority to acquire real estate and interests therein. While... law authorizing such purchase (R. S. 3736; 41 U.S.C. 14). No real estate not in Federal ownership...

  14. 32 CFR 643.3 - Authority to grant use of real estate.

    Science.gov (United States)

    2010-07-01

    ... 32 National Defense 4 2010-07-01 2010-07-01 true Authority to grant use of real estate. 643.3... PROPERTY REAL ESTATE General § 643.3 Authority to grant use of real estate. (a) The United States.... (b) One of the principal authorities for the use of military real estate for commercial purposes is...

  15. 7 CFR 1962.8 - Liens on real estate for additional security.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 14 2010-01-01 2009-01-01 true Liens on real estate for additional security. 1962.8... Security § 1962.8 Liens on real estate for additional security. The County Supervisor may take the best lien obtainable on any real estate owned by the borrower, including any real estate which already...

  16. 26 CFR 1.857-7 - Earnings and profits of a real estate investment trust.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 9 2010-04-01 2010-04-01 false Earnings and profits of a real estate investment... (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES Real Estate Investment Trusts § 1.857-7 Earnings and profits of a real estate investment trust. (a) Any real estate investment trust whether or not such trust...

  17. 32 CFR 552.16 - Real estate claims founded upon contract.

    Science.gov (United States)

    2010-07-01

    ... 32 National Defense 3 2010-07-01 2010-07-01 true Real estate claims founded upon contract. 552.16... Real Estate Claims Founded Upon Contract § 552.16 Real estate claims founded upon contract. (a) Purpose... interest in real estate for which compensation must be made according to the Fifth Amendment to the...

  18. 17 CFR 210.12-24 - Real estate owned and rental income. 1

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 2 2010-04-01 2010-04-01 false Real estate owned and rental... § 210.12-24 Real estate owned and rental income. 1 Part 1—Real estate owned at end of period Column A... In a separate schedule classify by states in which the real estate owned is located the total amounts...

  19. 26 CFR 1.856-1 - Definition of real estate investment trust.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 9 2010-04-01 2010-04-01 false Definition of real estate investment trust. 1...) INCOME TAX (CONTINUED) INCOME TAXES Real Estate Investment Trusts § 1.856-1 Definition of real estate investment trust. (a) In general. The term “real estate investment trust” means a corporation, trust, or...

  20. 77 FR 59544 - New Markets Tax Credit Non-Real Estate Investments

    Science.gov (United States)

    2012-09-28

    ... Internal Revenue Service 26 CFR Part 1 RIN 1545-BK04 New Markets Tax Credit Non-Real Estate Investments... investments in non-real estate businesses in low-income communities. The final regulations affect taxpayers... of new markets tax credit investments relate to real estate projects. Real estate projects are well...

  1. 26 CFR 1.857-8 - Records to be kept by a real estate investment trust.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 9 2010-04-01 2010-04-01 false Records to be kept by a real estate investment... (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES Real Estate Investment Trusts § 1.857-8 Records to be kept by a real estate investment trust. (a) In general. Under section 857(a)(2) a real estate investment...

  2. 26 CFR 1.469-9 - Rules for certain rental real estate activities.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 6 2010-04-01 2010-04-01 false Rules for certain rental real estate activities... certain rental real estate activities. (a) Scope and purpose. This section provides guidance to taxpayers... rental real estate, including any interest in rental real estate that gives rise to deductions under...

  3. 7 CFR 1951.11 - Application of payments on real estate accounts.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 14 2010-01-01 2009-01-01 true Application of payments on real estate accounts. 1951... Servicing Policies § 1951.11 Application of payments on real estate accounts. (a) Regular payments. If a borrower owes more than one type of real estate loan, or has received initial and subsequent real estate...

  4. 26 CFR 1.857-2 - Real estate investment trust taxable income and net capital gain.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 9 2010-04-01 2010-04-01 false Real estate investment trust taxable income and... TREASURY (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES Real Estate Investment Trusts § 1.857-2 Real estate investment trust taxable income and net capital gain. (a) Real estate investment trust taxable...

  5. 26 CFR 1.857-1 - Taxation of real estate investment trusts.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 9 2010-04-01 2010-04-01 false Taxation of real estate investment trusts. 1.857...) INCOME TAX (CONTINUED) INCOME TAXES Real Estate Investment Trusts § 1.857-1 Taxation of real estate... revocation or termination of an election, and 857(d), relating to earnings and profits) to a real estate...

  6. The Impact of Real Estate Market in the Albanian Economy

    Directory of Open Access Journals (Sweden)

    Dorina Kripa

    2015-05-01

    Full Text Available The real estate market has an important impact on social and economic development of a country, and it involves many aspects which increase the complexity of the impact analysis and often have opposite directions. This can be supported by the fact that real estate is one of the most important items in public spending3, but also in investment expenses in general (this is especially typical for Albania. These expenses are mainly related to infrastructure and accommodation of homeless people by the National Housing Entity. Researchers have studied the relation between the price of real estates with the GDP of a country, concluding that real estate prices and the government policies related to them, do impact the GDP growth, and movements in residential prices can be used to forecast GDP growth. On the other hand, when purchasing a home, individuals use all their savings, or take loans, which constantly cause the reduction of consumption and saving possibilities in order to afford the installments and other loan expenses. So, from this point of view, this investment may have an adverse effect, even on GDP. But, the question we raise in this study is: what impact has the real estate market in Albanian economy? We begin the study by emphasizing the importance of the real estate market, and then we identify key developments related to this market’s financing, price developments and the construction activity, as an important part of the market itself. The study is concluded with a regression analysis on the role the real estate market plays in the Albanian economy.

  7. Quality Function Deployment For Row House Construction In Real Estate

    Directory of Open Access Journals (Sweden)

    Sukhlal Mujalda

    2015-06-01

    Full Text Available Abstract House construction for real state is the current demand to satisfy the different categories of customer. Various techniques are available to satisfy the customer demand like QFD. Using the QFD house of quality modal we were able to understand the fundamental customer quality and care requirement within the real estate construction. This paper represent a simple case using QFD on the design phase of a real estate construction project as a tool of improvement for feature of middle class row house unit.

  8. Market Motivations for Voluntary Carbon Disclosure in Real Estate Industry

    Science.gov (United States)

    Ufere, Kalu Joseph; Alias, Buang; Godwin Uche, Aliagha

    2016-07-01

    Climate change mitigation in developing economies is a balancing act, between economic development and environmental sustainability. The need for market friendly determinants for low carbon economy, without compromising economic development is of essence. The aim of the study is to determine market friendly factors, which motivates voluntary carbon information disclosure, in the real estate industry. The study modeled economic factor with three variables and financial market factor with three variables against voluntary carbon information disclosure in the real estate industry. Structural equation modeling was used for the modeling and content analysis was used to collect data on the level of voluntary carbon information disclosure, from 2013 annual reports of 126 real estate sector companies listed in the Kuala Lumpur Stock Exchange (KLSE). The model achieved a good fit, and was acceptable prediction. The results show that financial market factor has a significant predictive influence on voluntary carbon disclosure. The application of the result is that financial market factor is has a significantly positive influence on companies’ willingness to make voluntary carbon disclosure in the real estate industry. The result may be limited to the real estate industry that is highly leveraged on syndicated fund.

  9. Pricing real estate index options under stochastic interest rates

    Science.gov (United States)

    Gong, Pu; Dai, Jun

    2017-08-01

    Real estate derivatives as new financial instruments are not merely risk management tools but also provide a novel way to gain exposure to real estate assets without buying or selling the physical assets. Although real estate derivatives market has exhibited a rapid development in recent years, the valuation challenge of real estate derivatives remains a great obstacle for further development in this market. In this paper, we derive a partial differential equation contingent on a real estate index in a stochastic interest rate environment and propose a modified finite difference method that adopts the non-uniform grids to solve this problem. Numerical results confirm the efficiency of the method and indicate that constant interest rate models lead to the mispricing of options and the effects of stochastic interest rates on option prices depend on whether the term structure of interest rates is rising or falling. Finally, we have investigated and compared the different effects of stochastic interest rates on European and American option prices.

  10. Two-level modelling of real estate taxtation

    DEFF Research Database (Denmark)

    Gall, Jaroslav; Stubkjær, Erik

    2006-01-01

    Real estate taxes recurrently attract attention, because they are a source of potentially increased revenue for local and national government. Most experts agree that it is necessary to switch from using normative values for taxation to a market-value-based taxation of real property with computer...

  11. Modelling real estate business for governance and learning

    DEFF Research Database (Denmark)

    Stubkjær, Erik

    2006-01-01

    as identified and declared areas of excellence. Within the above context, the paper refers to outcomes and experiences from the research action: Modelling Real Property Transactions (2001-2005). Among others, processes related to real estate (purchase, subdivision) were modelled and corresponding ontologies...

  12. America's Educational Failures: How Will They Affect Real Estate?

    Science.gov (United States)

    Downs, Anthony

    Owners of all types of real properties, especially owners and occupants of big city downtown properties, have a high investment in the educational quality of the local labor force, and should encourage improvement even if it results in increased property taxes. Every real estate investment is "locked in" to the specific geographic…

  13. 24 CFR 100.115 - Residential real estate-related transactions.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 1 2010-04-01 2010-04-01 false Residential real estate-related... Estate-Related Transactions § 100.115 Residential real estate-related transactions. The term residential real estate-related transactions means: (a) The making or purchasing of loans or providing other...

  14. Real estate market efficiency:Evidence from Chinese cities

    Institute of Scientific and Technical Information of China (English)

    郑思齐; 刘洪玉; 孙冰

    2004-01-01

    The price in an efficient market can adjust to new information instantaneously to eliminate any arbitrage opportunities. Such a phenomenon is not always observed in the real estate market because of its unique characteristics, which include fixed location, heterogeneity and low transaction frequency. Using housing and office market data of some major cities in China, this paper examines the return and risk characteristics in these markets and assesses market efficiency. It finds that a number of instruments, including lagged quarterly and annual excess returns and, to some extent, the measure of the deviation of price from the intrinsic value, predict future returns. Therefore, weak form and semi-strong form efficiency can both be rejected in these real estate markets. These empirical findings suggest that there is slow price adjustment in real estate markets in China, which may be attributed to inefficient information transmission systems and long searching time in the markets.

  15. Retail and Real Estate: The Changing Landscape of Care Delivery.

    Science.gov (United States)

    Mason, Scott A

    2015-01-01

    By its nature, retail medicine is founded in real estate. That retail medicine has expanded so dramatically in a relatively short period of time has taken people by surprise. This rapid growth of integrating healthcare services into retail real estate begs the question of whether real estate will eventually take on the importance in healthcare delivery that it has in retail. This article advances the view that it will. In the end, what retail and healthcare have in common is that they both reflect the attributes of demanding consumers as part of an experience-based economy, where products and services are sought based on how they fit with their lifestyles and how they make them feel (Pine and Gilmore 1998). Changing the selection process for healthcare services to be more like retail is already expanding how and where healthcare services are delivered.

  16. The Potential Impact of an Anthrax Attack on Real Estate Prices and Foreclosures in Seattle.

    Science.gov (United States)

    Dormady, Noah; Szelazek, Thomas; Rose, Adam

    2014-01-01

    This article provides a methodology for the economic analysis of the potential consequences of a simulated anthrax terrorism attack on real estate within the Seattle metropolitan area. We estimate spatially disaggregated impacts on median sales price of residential housing within the Seattle metro area following an attack on the central business district (CBD). Using a combination of longitudinal panel regression and GIS analysis, we find that the median sales price in the CBD could decline by as much as $280,000, and by nearly $100,000 in nearby communities. These results indicate that total residential property values could decrease by over $50 billion for Seattle, or a 33% overall decline. We combine these estimates with HUD's 2009 American Housing Survey (AHS) to further predict 70,000 foreclosures in Seattle spatial zones following the terrorism event. © 2013 Society for Risk Analysis.

  17. The Monetary Policy and the Real Estate Market

    Directory of Open Access Journals (Sweden)

    Vasile DEDU

    2011-12-01

    Full Text Available In this paper, we intend to study the connection between monetary policy measures and the boom and bust cycles of the real estate markets in different countries. Many recent articles consider that central banks had an important contribution in triggering the global crisis and the collapse of the real estate markets during 2007-2009 due to the low monetary policy rates and the inadequate regulation and supervision of the banking system. We consider the generalization of this idea is an error, as certain central banks like the National Bank of Romania (NBR adopted prudent policies in the pre-crisis period.

  18. 24 CFR 3500.10 - One-day advance inspection of HUD-1 or HUD-1A settlement statement; delivery; recordkeeping.

    Science.gov (United States)

    2010-04-01

    ... FOR HOUSING-FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT REAL ESTATE... 24 Housing and Urban Development 5 2010-04-01 2010-04-01 false One-day advance inspection of HUD-1 or HUD-1A settlement statement; delivery; recordkeeping. 3500.10 Section 3500.10 Housing and...

  19. The Performance of Shariah Real Estate Investment Trust and Conventional Real Estate Investment Trust in Malaysia

    Directory of Open Access Journals (Sweden)

    Nor Edi Azhar Binti Mohamad

    2016-02-01

    Full Text Available This study examines the performances of two Real Estate Investment Trust (REITs structure in Malaysian capital market by comparing the Dividend Yield (DY, Distribution per Unit (DU, Net asset Value (NAV, and Earning per Unit (EU of shariah REITSs (iREITs and conventional REITSs (cREITs from Malaysia perspective. The secondary data are retrieved from Bloomberg's Database for 13 listed REITs in the Bursa Malaysia main board for a five-year period from 2009 to 2013 with yearly observation. Applying One Way-Anova analysis, an Independent Sample Kruskal-Wallis Test is used to determine any differences in the performance of the two REITs structure. The results provide evidence indicating that the two structures have distinctive and significantly different performances. It also indicates the better performance of iREITs compared to cREITs. The results of this study are useful to provide additional evidence towards the viable of Islamic funds as a significant initiative to broaden and deepen the product base of Islamic capital market in Malaysia.

  20. Explicit design for real estate education: the management game

    NARCIS (Netherlands)

    De Jong, P.; Van Dooren, E.J.G.C.; Den Heijer, A.C.

    2015-01-01

    In positioning the design school versus the business school, the management game as an educational module in the last semester of the architectural bachelor in Delft is illustrative for the possible synthesis between real estate and architecture. The explicit approach of design, as applied in Delft

  1. Guidelines for Implementing a Real Estate Cooperative Education Program.

    Science.gov (United States)

    Pearson, Thomas R.

    Background information and guidelines are provided for the development of cooperative education programs for real estate industry personnel. The first section outlines the operation of cooperative education programs and presents two organizational plans: the alternating plan, where students attend class full-time and work full-time during…

  2. Access to Housing: The Role of the Real Estate Industry

    Science.gov (United States)

    Brown, William H., Jr.

    1972-01-01

    Attempts to determine the basis for the conscious acts and decisions of individuals and organizations which constitute housing discrimination, in order to be able to decide how to intervene most effectively; the racial practices of real estate brokers are held to offer one such point of intervention. (RJ)

  3. Strategies for healthcare facilities, construction, and real estate management.

    Science.gov (United States)

    Lee, James G

    2012-05-01

    Adventist HealthCare offers the following lessons learned in improving the value of healthcare facilities, construction, and real estate management: Use an integrated approach. Ensure that the objectives of the approach align the hospital or health system's mission and values. Embrace innovation. Develop a plan that applies to the whole organization, rather than specific business units. Ensure commitment of senior leaders.

  4. Power Laws in Real Estate Prices during Bubble Periods

    Science.gov (United States)

    Ohnishi, Takaaki; Mizuno, Takayuki; Shimizu, Chihiro; Watanabe, Tsutomu

    How can we detect real estate bubbles? In this paper, we propose making use of information on the cross-sectional dispersion of real estate prices. During bubble periods, prices tend to go up considerably for some properties, but less so for others, so that price inequality across properties increases. In other words, a key characteristic of real estate bubbles is not the rapid price hike itself but a rise in price dispersion. Given this, the purpose of this paper is to examine whether developments in the dispersion in real estate prices can be used to detect bubbles in property markets as they arise, using data from Japan and the U.S. First, we show that the land price distribution in Tokyo had a power-law tail during the bubble period in the late 1980s, while it was very close to a lognormal before and after the bubble period. Second, in the U.S. data we find that the tail of the house price distribution tends to be heavier in those states which experienced a housing bubble. We also provide evidence suggesting that the power-law tail observed during bubble periods arises due to the lack of price arbitrage across regions.

  5. An Analysis of Discrimination by Real Estate Brokers.

    Science.gov (United States)

    Yinger, John

    This paper focuses on designing policies to eliminate discrimination in the sale of single-family houses by analyzing the behavior of the agents who actually do most of the discriminating, namely real estate agents. Discriminatory practices are said to be supported by policies of house builders, lending institutions, and government, and by the…

  6. INFORMATION SUPPORT OF REAL ESTATE MARKET STATISTICAL RESEARCH

    OpenAIRE

    Shibirina, S.

    2010-01-01

    The article considers the significance and suggests the directions for using information in statistical researches of real estate market. A special attention is paid on interconnections of information support and participants of realty market's, and stages of market analysis which characterizing realty market.

  7. MODELING REAL ESTATE MARKET: FORECASTING THE PRICE OF A SQUARE

    Directory of Open Access Journals (Sweden)

    Natalya V. Kontsevaya

    2016-01-01

    Full Text Available The possibility of forecasting indicators of the real estate market. An approach based on the use of lag variables, where the lag time is determined by analyzing the dynamics of relative error. The result is a leading indicator. Forecasted assessment of the near future the price per square meter in Moscow.

  8. Real Estate Education in Community Colleges: The Texas Experience.

    Science.gov (United States)

    Lyon, Robert

    The paper describes courses and enrollments for the 43 Texas community colleges offering real estate courses during the 1973-74 school year. The most frequently offered courses were principles, appraisal, finance, law, practice, and brokerage. Results of questionnaire surveys of the 43 community colleges indicate a larger part-time enrollment by…

  9. Adding Value by Health Care Real Estate: Parameters and Priorities

    NARCIS (Netherlands)

    Van der Voordt, D.J.M.

    2015-01-01

    Purpose Due to the transition of the Dutch health care sector from a governmentally steered domain towards regulated market forces, health care organisations have become fully responsible for their real estate. This paper explores if/how Dutch health care organisations adopt the concept of adding v

  10. Access to Housing: The Role of the Real Estate Industry

    Science.gov (United States)

    Brown, William H., Jr.

    1972-01-01

    Attempts to determine the basis for the conscious acts and decisions of individuals and organizations which constitute housing discrimination, in order to be able to decide how to intervene most effectively; the racial practices of real estate brokers are held to offer one such point of intervention. (RJ)

  11. DEVELOPMENT TOOLKIT FOR REAL ESTATE MARKET ANALYSIS OF MOSCOW REGION

    Directory of Open Access Journals (Sweden)

    Alexey Yu. Yushin

    2014-01-01

    Full Text Available The article presents the developmentdirection of the tools of the secondary realestate market analysis associated withthe identification of market. Assessment of their quality, the relationship with each other and real estate, will improve thealgorithms for identifying repetitive objectsto exclude unreliable supply of assessment activities and a new perspective onthe dynamics of the market.

  12. 12 CFR 560.172 - Re-evaluation of real estate owned.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Re-evaluation of real estate owned. 560.172... of real estate owned. A savings association shall appraise each parcel of real estate owned at the... under the particular circumstances. The foregoing requirement shall not apply to any parcel of real...

  13. 7 CFR 1955.15 - Foreclosure by the Government of loans secured by real estate.

    Science.gov (United States)

    2010-01-01

    ... Liquidation of Loans Secured by Real Estate and Acquisition of Real and Chattel Property § 1955.15 Foreclosure by the Government of loans secured by real estate. Foreclosure will be initiated when all reasonable... liens other than current-year real estate taxes. Where such prior liens are involved, an appraisal...

  14. 75 FR 80517 - HUD Multifamily Rental Project Closing Documents-Revisions and Updates Notice of Information...

    Science.gov (United States)

    2010-12-22

    ... modern real estate practice and mortgage lending laws and procedures. The August 2, 2004, notice, in turn... setting modern standards for multifamily loan documents, yet also contended that HUD's emulation is more... not revised.\\1\\ \\1\\ HUD published proposed amendments to American Institute of Architects (AIA...

  15. MODERN OPTIONS FOR THE FINANCING OF THE REAL ESTATE INVESTMENTS

    Directory of Open Access Journals (Sweden)

    Chiriac Silviu-Cornel-Virgil

    2015-07-01

    Full Text Available The investments represent one of the most important elements in the national economy development strategies, as well as in all the business fields and branches. The notion of investment is extremely complex, perceived with different meanings and significates. In a general, wider meaning the investments represent a capital placement which is made with the purpose of obtaining profit bearing incomes in the future. In a narrower meaning, investments mean the totality of expenses made for obtaining capital assets which are future potential factors in the formation of incomes. Investments represent the most important factor in the development strategies of the national economy as well as in all the business fields and branches. The investment strategy represents an important element in the management of the investments and a component of the general strategy of the entity. The use of investment strategies in the management activity implies the application of scientific techniques and methods. The great number of studies carried out shows that there were no certain answers formed, very often the option for a form of financing or the other is influenced only by the “level of accessibility” of the resources available on the financial market and the financing policy of many companies is guided rather by the constraints of the financial market than a coherent company strategy In order to ensure a constant economic growth it is necessary to prepare investment projects. In practice the predominant one is the investment activity based on real investments performed for the modernising of assets, in order to ensure their physical and moral wear and tear. The analysis of real estate investments can be made using a various range of indicators, from the traditional ones to those based on the updated cash flow, using traditional analysis techniques or complex techniques used by specialists with training in the analysis of real estate investment. The

  16. Argus developer in practice real estate development modeling in the real world

    CERN Document Server

    Havard, Tim M

    2014-01-01

    First ""missing manual"" for Argus Developer--case studies show readers how to analyze a development, something Argus manuals don't do. Argus Developer is by far the leading program for real estate developers worldwide The book is an education in real estate finance as well as the program Author teaches seminars and consults with people using the program--back of room sales likely Author has three other books on real estate development Possibility that Argus gets behind the project The book will contain dozens of screenshots

  17. Cure for the future: the real options approach in corporate real estate management. An exploratory study in Dutch health care

    NARCIS (Netherlands)

    Reedt Dortland, van M.W.J.

    2013-01-01

    Health organizations face increasingly more and complex uncertainties which influences the provision of healthcare. Real estate facilitates this primary process and therefore has to change accordingly. Corporate Real Estate Management is the discipline that develops strategies that match the current

  18. Land grab. More investors offer hospitals cash for their real estate as providers hunt for capital.

    Science.gov (United States)

    Evans, Melanie

    2011-03-07

    More real estate investors are offering hospitals cash for real estate as providers tap into their assets for capital. But if REITs are banking on providers cashing in their real estate chips, that's not happening yet, says Mike O'Keefe, left, of Navigant Consulting. The capital flooding into healthcare real estate has met with a limited supply of sellers. "That's what's driving some of this consolidation," O'Keefe said.

  19. The Real Estate Market in the Historical Development and Contemporary Trends in Latvia

    OpenAIRE

    Geipele, S; Kļaviņš, K

    2014-01-01

    In the business environment is not always possible to observe a long-term and stable development, it applies both to economic growth and real estate market development. Market participants would be able to make decisions efficiently in the field of real estate and construction, if the economic and real estate market development cycles, their characteristics, causes and consequences are analyzed. Thus, the economic theory theses become apparent and once again those prove that the real estate m...

  20. Real Estate Market Risk in Bank Stock Returns: Evidence for 15 European Countries

    OpenAIRE

    António Miguel Martins; Ana Paula Serra

    2012-01-01

    In countries with highly-developed financial systems bank portfolios have high exposure, directly or indirectly, to the real estate sector. Changes in the value of real estate can have a potentially significant impact on the default risk of banks and on their profitability as a result of high exposure to the real estate sector. This is especially critical during real estate crises, when bank losses tend to increase dramatically and for all banks, placing the entire financial system at the ris...

  1. Analysis on using UPREITs in real estate finance in United States

    Institute of Scientific and Technical Information of China (English)

    Wang Xiaoxiao; Xu Minjie

    2009-01-01

    This paper gave an overview, introduction about umbrella partnership real estate investment trust (UPREIT) to the readers who are not related to real estate and accounting major. To show how UPREIT defer capital gain taxes, makes good cash flow and maximize profit in real estate finance, the paper included the theory and structure of UPREIT (real estate investment trust), partnership issues, advantage and disadvantage, and created a proforma to demonstrate how UPREIT works.

  2. THE EVOLUTION OF THE REAL ESTATE MARKET IN THE REPUBLIC OF ARMENIA

    Directory of Open Access Journals (Sweden)

    Edgar V. Hovsepyan

    2015-01-01

    Full Text Available The article describes the evolution of the real estate market of the Republic of Armenia. It presents the emergence and development of real estate market after the collapse of the USSR. The main influence on the impact of the global financial crisis on the real estate market in Republic of Armenia. Discusses some of the important issues for long-term development of the real estate market.

  3. How Can Flood Affect the Real Estate Market?

    Science.gov (United States)

    Trejo Rangel, Miguel Angel; Sapač, Klaudija; Brilly, Mitja

    2016-04-01

    The purpose of this paper is to examine how actual flood events can affect the real estate for different case studies. Therefore, we have analysed the impact for two cases, the first is the flood event which occurred in 2013 in Boulder, Colorado, United States, city that is located in the eastern part of the Rocky Mountains, and the second event was the flood which occurred in 2010 the city of Ljubljana, capital and largest city of Slovenia, that is located between the Alpine and Balkan mountains.. The methodology that was used is comparison of mean prices of real estate, taking into account the flood events which have been chosen in accordance with the available data and previous studies, furthermore for the case study of Ljubljana, Slovenia questionnaires were sent through one civil organization which is actively working in the area (Civil Initiative for Flood Security SW part of Ljubljana). Analysed sales prices during the period 2009-2014 in the case study of Boulder, Colorado, United States showed that the flood event in 2013 did not significantly affect the mean price of real estate within the flooded area, besides prices inside the flood plain tended to stay above the prices outside the floodplain. Nevertheless, we have found that the flood event affected the real estate sector in terms of number of sales, being that after the flood event in 2013 sales decreased 52% regarding the previous years. For the case study of Ljubljana, Slovenia the results were unexpected somehow. In fact we expected that the prices of real estate located within the flooded areas, on average, would be lower than those located outside the flooded areas, and that was what shown in the results, which is actually opposite to what occurred for the case study of Boulder City. However the research showed that the flood event in 2010 did not affect the change in prices of real estate within the flooded areas and the trend was considerable similar to previous years the flood event in 2010

  4. 12 CFR 250.403 - Service of member bank and real estate investment company.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 3 2010-01-01 2010-01-01 false Service of member bank and real estate... Glass-Steagall Act § 250.403 Service of member bank and real estate investment company. (a) The Board recently considered two inquiries regarding the question whether proposed real estate investment companies...

  5. 77 FR 57199 - 2012 Real Estate Settlement Procedures Act (Regulation X) Mortgage Servicing Proposal

    Science.gov (United States)

    2012-09-17

    ... September 17, 2012 Part II Bureau of Consumer Financial Protection 12 CFR Part 1024 2012 Real Estate... PROTECTION 12 CFR Part 1024 RIN 3170-AA14 2012 Real Estate Settlement Procedures Act (Regulation X) Mortgage... Regulation X, which implements the Real Estate Settlement Procedures Act of 1974 (RESPA) and the official...

  6. 26 CFR 1.822-6 - Real estate owned and occupied.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Real estate owned and occupied. 1.822-6 Section... Premium Deposits) § 1.822-6 Real estate owned and occupied. Section 822(d)(1) provides that the amount allowable as a deduction for taxes, expenses, and depreciation on or with respect to any real estate owned...

  7. 26 CFR 1.58-6 - Regulated investment companies; real estate investment trusts.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 1 2010-04-01 2010-04-01 true Regulated investment companies; real estate... their shareholders and real estate investment trusts (as defined in section 856) and their shareholders... real estate investment trust, accelerated depreciation on section 1250 property (sections 57(a)(2) and...

  8. 12 CFR 560.37 - Real estate for office and related facilities.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Real estate for office and related facilities... LENDING AND INVESTMENT Lending and Investment Powers for Federal Savings Associations § 560.37 Real estate for office and related facilities. A federal savings association may invest in real estate (improved...

  9. 76 FR 32880 - Encouraging New Markets Tax Credit Non-Real Estate Investments

    Science.gov (United States)

    2011-06-07

    ... Internal Revenue Service 26 CFR Part 1 RIN 1545-BK21 Encouraging New Markets Tax Credit Non-Real Estate... capital from non-real estate businesses. DATES: Written and electronic comments must be submitted by... encourage greater investment in non- real estate businesses. The commentators suggested that revising the...

  10. 7 CFR 1955.124 - Sale with inventory real estate (chattel).

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 14 2010-01-01 2009-01-01 true Sale with inventory real estate (chattel). 1955.124... Property Chattel Property § 1955.124 Sale with inventory real estate (chattel). Inventory chattel property may be sold with inventory real estate if a higher aggregate price can be obtained. Proceeds from a...

  11. 12 CFR 32.7 - Residential real estate loans, small business loans, and small farm loans.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Residential real estate loans, small business... OF THE TREASURY LENDING LIMITS § 32.7 Residential real estate loans, small business loans, and small farm loans. (a) Residential real estate, small business, and small farm loans. (1) In addition to the...

  12. 78 FR 46805 - Certain Transfers of Property to Regulated Investment Companies [RICs] and Real Estate Investment...

    Science.gov (United States)

    2013-08-02

    ... Companies and Real Estate Investment Trusts AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Final... to a Regulated Investment Company (RIC) or a Real Estate Investment Trust (REIT). These regulations... 851(a). (iv) REIT. The term REIT means a real estate investment trust within the meaning of section...

  13. 77 FR 22516 - Certain Transfers of Property to Regulated Investment Companies [RICs] and Real Estate Investment...

    Science.gov (United States)

    2012-04-16

    ... Companies and Real Estate Investment Trusts AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice... transfers of property from a C corporation to a Regulated Investment Company (RIC) or a Real Estate... may not be circumvented * * * through the use of a regulated investment company, a real estate...

  14. 75 FR 15465 - RMR Real Estate Income Fund, et al.; Notice of Application

    Science.gov (United States)

    2010-03-29

    ... COMMISSION RMR Real Estate Income Fund, et al.; Notice of Application March 23, 2010. AGENCY: Securities and.... APPLICANTS: RMR Real Estate Income Fund and RMR Advisors, Inc. FILING DATES: December 31, 2003, September 23.... Applicants' Representations 1. RMR Real Estate Income Fund (``RIF'') is a closed-end management investment...

  15. 7 CFR 1951.16 - Other servicing actions on real estate type loan accounts.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 14 2010-01-01 2009-01-01 true Other servicing actions on real estate type loan... Account Servicing Policies § 1951.16 Other servicing actions on real estate type loan accounts. (a... smaller, respectively, than the sum of such installments on the note and other charges. (c) Real estate...

  16. 7 CFR 767.103 - Managing leased real estate inventory property.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 7 2010-01-01 2010-01-01 false Managing leased real estate inventory property. 767... AGENCY, DEPARTMENT OF AGRICULTURE SPECIAL PROGRAMS INVENTORY PROPERTY MANAGEMENT Lease of Real Estate Inventory Property § 767.103 Managing leased real estate inventory property. (a) The Agency will pay for...

  17. 26 CFR 1.803-5 - Real estate owned and occupied.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Real estate owned and occupied. 1.803-5 Section... (CONTINUED) INCOME TAXES Life Insurance Companies § 1.803-5 Real estate owned and occupied. The amount allowable as a deduction for taxes, expenses, and depreciation upon or with respect to any real estate owned...

  18. 1982-83 Texas College and University Real Estate Course Survey.

    Science.gov (United States)

    Lyon, Robert

    In 1983, the Texas Real Estate Research Center conducted its eighth annual survey of the real estate offerings of the state's two- and four-year colleges. Survey findings, based on a 90% response rate, included the following: (1) 90 institutions (46 community colleges and 44 four-year colleges) offered real estate courses during the 1982-83…

  19. 7 CFR 767.202 - Real estate inventory property located in special hazard areas.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 7 2010-01-01 2010-01-01 false Real estate inventory property located in special...) FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE SPECIAL PROGRAMS INVENTORY PROPERTY MANAGEMENT Real Estate Property With Important Resources or Located in Special Hazard Areas § 767.202 Real estate...

  20. 26 CFR 1.822-9 - Real estate owned and occupied.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Real estate owned and occupied. 1.822-9 Section... Premium Deposits) § 1.822-9 Real estate owned and occupied. Section 822(d)(1) provides that the amount allowable as a deduction for taxes, expenses, and depreciation on or with respect to any real estate owned...

  1. 76 FR 40612 - Real Estate Settlement Procedures Act (RESPA): Technical Corrections and Clarifying Amendments

    Science.gov (United States)

    2011-07-11

    ... URBAN DEVELOPMENT 24 CFR Part 3500 RIN 2502-AH85 Real Estate Settlement Procedures Act (RESPA... rule amends part 3500 of title 24 of the Code of Federal Regulations as follows: PART 3500--REAL ESTATE...(g)), that makes or invests in residential real estate loans aggregating more than $1,000,000 per...

  2. 76 FR 32882 - New Markets Tax Credit Non-Real Estate Investments

    Science.gov (United States)

    2011-06-07

    ... Internal Revenue Service 26 CFR Part 1 RIN 1545-BK04 New Markets Tax Credit Non-Real Estate Investments... program to facilitate and encourage investments in non-real estate businesses in low-income communities... modifications to the new markets tax credit program to facilitate and encourage investments in non-real estate...

  3. 26 CFR 1.857-6 - Method of taxation of shareholders of real estate investment trusts.

    Science.gov (United States)

    2010-04-01

    ... OF THE TREASURY (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES Real Estate Investment Trusts § 1.857-6 Method of taxation of shareholders of real estate investment trusts. (a) Ordinary income. Except... receiving dividends from a real estate investment trust shall include such dividends in gross income for the...

  4. 12 CFR 560.100 - Real estate lending standards; purpose and scope.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Real estate lending standards; purpose and... § 560.100 Real estate lending standards; purpose and scope. This section, and § 560.101 of this subpart....S.C. 1828(o), prescribe standards for real estate lending to be used by savings associations and all...

  5. 7 CFR 767.52 - Disposition of personal property from real estate inventory property.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 7 2010-01-01 2010-01-01 false Disposition of personal property from real estate..., personal property has been left on the real estate inventory property, the Agency will notify the former real estate owner and any known lienholders that the Agency will dispose of the personal property...

  6. 17 CFR 210.12-29 - Mortgage loans on real estate. 1

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 2 2010-04-01 2010-04-01 false Mortgage loans on real estate... § 210.12-29 Mortgage loans on real estate. 1 Column A—Description 2,3,4 Column B—Interest rate Column C... mortgage loans on real estate investments has been written down or reserved against, describe the item and...

  7. 41 CFR 102-73.10 - What is the basic real estate acquisition policy?

    Science.gov (United States)

    2010-07-01

    ... ESTATE ACQUISITION General Provisions § 102-73.10 What is the basic real estate acquisition policy? When... real estate and related services in an efficient and cost effective manner. ... 41 Public Contracts and Property Management 3 2010-07-01 2010-07-01 false What is the basic real...

  8. 26 CFR 1.172-10 - Net operating losses of real estate investment trusts.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 3 2010-04-01 2010-04-01 false Net operating losses of real estate investment... (continued) § 1.172-10 Net operating losses of real estate investment trusts. (a) Taxable years to which a loss may be carried. (1) A net operating loss sustained by a qualified real estate investment trust (as...

  9. 32 CFR 644.27 - Authority to issue Real Estate Directives.

    Science.gov (United States)

    2010-07-01

    ... 32 National Defense 4 2010-07-01 2010-07-01 true Authority to issue Real Estate Directives. 644.27... PROPERTY REAL ESTATE HANDBOOK Project Planning Military (army and Air Force) and Other Federal Agencies § 644.27 Authority to issue Real Estate Directives. Where there is legislative authorization, an...

  10. 7 CFR 767.201 - Real estate inventory property with important resources.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 7 2010-01-01 2010-01-01 false Real estate inventory property with important... SERVICE AGENCY, DEPARTMENT OF AGRICULTURE SPECIAL PROGRAMS INVENTORY PROPERTY MANAGEMENT Real Estate Property With Important Resources or Located in Special Hazard Areas § 767.201 Real estate inventory...

  11. 20 CFR 404.1069 - Real estate agents and direct sellers.

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 2 2010-04-01 2010-04-01 false Real estate agents and direct sellers. 404... § 404.1069 Real estate agents and direct sellers. (a) Trade or business. If you perform services after 1982 as a qualified real estate agent or as a direct seller, as defined in section 3508 of the Code...

  12. 24 CFR 100.110 - Discriminatory practices in residential real estate-related transactions.

    Science.gov (United States)

    2010-04-01

    ... residential real estate-related transactions. 100.110 Section 100.110 Housing and Urban Development... Discrimination in Residential Real Estate-Related Transactions § 100.110 Discriminatory practices in residential real estate-related transactions. (a) This subpart provides the Department's interpretation of the...

  13. Value adding management of hospital real estate: Balancing between different stakeholders’ perspectives

    NARCIS (Netherlands)

    Van der Zwart, J.; Van der Voordt, D.J.M.

    2013-01-01

    In addition to cost effectiveness, possible contributions of real estate to organisational performance are incorporated in strategic corporate real estate management nowadays more and more. This paper explores the concept of adding value by real estate and how this concept is being applied in design

  14. Value adding management of hospital real estate: Balancing between different stakeholders’ perspectives

    NARCIS (Netherlands)

    Van der Zwart, J.; Van der Voordt, D.J.M.

    2013-01-01

    In addition to cost effectiveness, possible contributions of real estate to organisational performance are incorporated in strategic corporate real estate management nowadays more and more. This paper explores the concept of adding value by real estate and how this concept is being applied in design

  15. Schneider Electric called on real estate leaders to build Energy Efficient Buildings

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    @@ Schneider Electric, the global specialist of energy management, together with China Real Estate Industry Association, China Real Estate & Residential Association and China Building Electricity Efficiency Association, implored real estate industry leaders to sign a petition to pledge their dedication towards the building of energy efficient buildings.

  16. Using real-estate-based financing to access capital.

    Science.gov (United States)

    Tobin, W C; Kryzaniak, L A

    1998-07-01

    One strategy employed by healthcare organizations to increase their market presence is the construction of new facilities. Accessing capital to fund such construction, however, has become more of a challenge. One relatively untapped source of building capital is real-estate-based financing. Nonrecourse mortgages, turnkey net leases, and synthetic leases can provide several advantages to healthcare organizations seeking capital, assuming issues related to building ownership, debt and balance sheet effects, and tax-exempt status have been thoroughly explored first.

  17. THE REAL ESTATE INVESTMENTS AND THE FINANCIAL CRISIS IN ROMANIA

    OpenAIRE

    Popa, Ana; Laura GIURCA VASILESCU

    2009-01-01

    This paper is based on a wide range of researches and statistics data, regarding the enormous stock real estate boom that started around 1982 and picked up incredible speed after 1995. First of all, many economists argue that this boom represents a speculative bubble, because it is not grounded in sensible economic fundamentals. Secondly, this boom must be placed it in the context of financial crisis starting in 2007. In fact, the global financial crisis has begun with the north-American subp...

  18. PENERAPAN ANALISIS DU PONT PADA INDUSTRI PROPERTY DAN REAL ESTATE

    OpenAIRE

    Novita Ratna Satiti

    2016-01-01

    Penelitian ini bertujuan untuk mengetahui bagaimana analisis Du Pont System menilai kinerja keuangan industry property dan real estate, apakah analisis tersebut dapat mengetahui perusahaan mana yang memiliki kinerja keuangan yang paling baik. Variabel penelitian yang digunakan dalam penelitian ini yaitu menentuan ROI yang diperoleh dari penggabungan rasio aktivitas dan rasio profitabilitas. Alat analisis yang digunakan dalam penelitian ini adalah Time Series dan Cross Section.Berdasarkan hasi...

  19. Estimating Net Realizable Value for Distressed Real Estate

    OpenAIRE

    James D. Shilling; John D. Benjamin; Sirmans, C. F.

    1990-01-01

    This paper provides a framework for adjusting distressed real estate properties for liquidating discounts. We estimate the probability of receiving an offer on a property in any particular short interval of time. Our empirical evidence allows us to predict the average rate at which offers will occur in any particular interval of time. Further, it allows us to arrive at an estimate of net realizable value, adjusted for selling expenses.

  20. Fringe Benefits Compensation of Real Estate Agents and Brokers

    OpenAIRE

    Daniel T. Winkler; W. Keener Hughen

    2012-01-01

    Fringe benefits compensation offered by employers has grown rapidly over the past 50 years. Research in this area has been primarily limited to hourly and salaried employees. This study examines employer-based fringe benefits compensation of real estate agents and brokers. A model is developed that jointly estimates the income, hours worked, and fringe benefits compensation. The findings indicate that fringe benefits increase according to hours worked and the sales professional¡¦s contributio...

  1. Rationality and Momentum in Real Estate Investment Forecasts

    OpenAIRE

    2014-01-01

    This study examines the rationality and momentum in forecasts for rental, capital value and total returns for the real estate investment market in the United Kingdom. In order to investigate if forecasters are affected by the general economic conditions present at the time of forecast we incorporate into the analysis Gross Domestic Product (GDP) and the Default Spread (DS). The empirical findings show high levels of momentum in the forecasts, with highly persistent forecast errors. The result...

  2. Rationality and momentum in real estate investment forecasts\\ud

    OpenAIRE

    2014-01-01

    This study examines the rationality and momentum in forecasts for rental, capital value and total returns for the real estate investment market in the United Kingdom. In order to investigate if forecasters are affected by the general economic conditions present at the time of forecast we incorporate into the analysis Gross Domestic Product(GDP) and the Default Spread (DS). The empirical findings show high levels of momentum in the forecasts, with highly persistent forecast errors. The results...

  3. Marketing Strategies in the Real-Estate Industry in Prishtina

    Directory of Open Access Journals (Sweden)

    Dr.Sc. Nail Reshidi

    2015-06-01

    Full Text Available Real Estate is the industry that has always influenced the economic development of a country due to very costly investment and employment to thousands of people. This industry has been vastly developing in recent years in Prishtina, resulting in huge demand for real estate, which led to the establishment of many construction companies ready to meet this demand. The paper draws on data collection and information with the purpose of exploring and analyzing marketing strategies of construction companies in Prishtina’s market. This paper examines the role of internal and external factors that influence the development of the Real Estate industry and analyses the trends for the future. The objects as picked for the study are construction companies currently operating in this market, which was done so as to analyse their ways of doing business and their strategies and plans for achieving their objectives. Also, this research includes the level of demand versus supply for these companies and the success of meeting these requirements.

  4. Jump point detection for real estate investment success

    Science.gov (United States)

    Hui, Eddie C. M.; Yu, Carisa K. W.; Ip, Wai-Cheung

    2010-03-01

    In the literature, studies on real estate market were mainly concentrating on the relation between property price and some key factors. The trend of the real estate market is a major concern. It is believed that changes in trend are signified by some jump points in the property price series. Identifying such jump points reveals important findings that enable policy-makers to look forward. However, not all jump points are observable from the plot of the series. This paper looks into the trend and introduces a new approach to the framework for real estate investment success. The main purpose of this paper is to detect jump points in the time series of some housing price indices and stock price index in Hong Kong by applying the wavelet analysis. The detected jump points reflect to some significant political issues and economic collapse. Moreover, the relations among properties of different classes and between stocks and properties are examined. It can be shown from the empirical result that a lead-lag effect happened between the prices of large-size property and those of small/medium-size property. However, there is no apparent relation or consistent lead in terms of change point measure between property price and stock price. This may be due to the fact that globalization effect has more impact on the stock price than the property price.

  5. INTERDEPENDENCE OF COST AND QUALITY OF ITEMS OF REAL ESTATE

    Directory of Open Access Journals (Sweden)

    Lukmanova Inessa Galeevna

    2012-10-01

    Calculation of reduction of the overall cost of the real estate item that has improved quality indicators in comparison with the overall cost of the real estate item of satisfactory quality, taken as a benchmark, is made. The nature of interrelation between the quality of building works and maintenance expenses is provided. The overall cost of the item increases alongside with the increase of its quality, therefore the pre-set quality indicator should be defined by taking account of the market conditions, rates charged for building works and payable by buyers, and the amount of building works that sell at a higher price. The indicator of the overall cost of the item of real estate, if forthcoming operational expenses are taken into account, i.e. calculated for the course of the overall life cycle of the item, is essential if the investor is going to maintain the building. Investors often act as sellers of completed buildings; therefore, the product price set at the time when it is offered for sale is of particular importance.

  6. Real estate mutual funds in Spain. Performance and persistence

    Directory of Open Access Journals (Sweden)

    José Manuel Maside Sanfiz

    2016-04-01

    Full Text Available The purpose of the present paper is to study the performance and persistence of the returns of the spanish real estate mutual funds universe from the beginning of their activity, late 1994 until august 2012. We adopt the Jensen's alpha model, Sharpe's ratio and Carhart's (1997 methodology. In terms of efficiency, Sharpe's ratio shows negative values in the first three years of activity of each fund and very low or even negative values in the last three or four years. Jensen's indicator shows that the overall funds have underperformed the market, which has been approximated by the housing profitability and a half of the profitability of all real estate funds. Benchmarks portfolios that reflect the behavior of the bond or equity markets, did not turn out to be significant variables. There is evidence of persistence for one, two, three and four years, for the universe of funds. The evidence obtained in our work for the real estate funds in Spain, efficiency lower than that of the market and persistence in performance, allows us to confirm the difficult situation that has gone through and which continues to suffer this type of collective investment, highlighting the need and the urgency of driving measures to boost their activity.

  7. Neural Networks Modelling of Municipal Real Estate Market Rent Rates

    Directory of Open Access Journals (Sweden)

    Muczyński Andrzej

    2016-12-01

    Full Text Available This paper presents the results of research on the application of neural networks modelling of municipal real estate market rent rates. The test procedure was based on selected networks trained on the local real estate market data and transformation of the detected dependencies – through established models – to estimate the potential market rent rates of municipal premises. On this basis, the assessment of the adequacy of the actual market rent rates of municipal properties was made. Empirical research was conducted on the local real estate market of the city of Olsztyn in Poland. In order to describe the phenomenon of market rent rates formation an unidirectional three-layer network and a network of radial base was selected. Analyses showed a relatively low degree of convergence of the actual municipal rent rents with potential market rent rates. This degree was strongly varied depending on the type of business ran on the property and its’ social and economic impact. The applied research methodology and the obtained results can be used in order to rationalize municipal property management, including the activation of rental policy.

  8. A preliminary framework for corporate real estate sustainable management

    Directory of Open Access Journals (Sweden)

    Fauzi Nurul Sahida

    2016-01-01

    Full Text Available The global warming issue has motivated corporations to go green in their business operations including transforming from conventional real estate to green features real estate. However green CRE is more complex to manage due to a building’s significant impact on environmental, social and economic aspects. Thus the need to have a best practice guide or framework as reference is crucial. Unfortunately, no best practice guidelines on CRE management have been found to be sufficient as much uncertainty still exists on the sustainable performance measurement components. This research aims to explore and then summarize the present sustainable CREM practices and components relating to sustainable performance measurement integrating a sustainable theory that balances environmental, economic and social impacts. These act as indicators to measure the outcomes of the practice in the form of a generic model on sustainability preliminary framework for CRESM. The objectives of this research include identifying corporate real estate sustainable management (CRESM practice and components of sustainable performance measurement. The research uses content analysis method to analyse data gathered from literature and previous studies. The findings will be demonstrated in the form of a framework model on CRESM that will include14 CREM strategies and 15 components derived from analysis.

  9. The marketing perspective on the risks of unqualified real estate market

    Directory of Open Access Journals (Sweden)

    George Marius MUNTEANU

    2015-12-01

    Full Text Available The paper is about the risks of unqualified real estate marketing and how it can be reduced through the qualification of buyers and sellers. The main risks on this market are the pricing and the customer requirements therefore the qualification of real estate agents is important too because it can entail a real estate transaction. The price of a real estate transaction is set by the interaction between demand and offer. Regarding this it was described a successful real estate project developed in Transylvania by the German investor, Maurer Imobiliare.

  10. Essays on local housing and real estate brokerage markets.:Essays on local housing and real estate brokerage markets.

    OpenAIRE

    Helgers, Roel

    2016-01-01

    As noted by the late housing economist John Quigley (1979), housing markets are characterized by a peculiar combination of features, such as durability, spatial fixity and multidimensional heterogeneity. The combination of these features differentiate it from other product markets and it has been shown that they have a non-negligible impact upon market outcomes in housing and real estate brokerage markets. The inherent spatial fixation and the multidimensional heterogeneity of housing units, ...

  11. Fuzzy Comprehensive Evaluation Method Applied in the Real Estate Investment Risks Research

    Science.gov (United States)

    ML(Zhang Minli), Zhang; Wp(Yang Wenpo), Yang

    Real estate investment is a high-risk and high returned of economic activity, the key of real estate analysis is the identification of their types of investment risk and the risk of different types of effective prevention. But, as the financial crisis sweeping the world, the real estate industry also faces enormous risks, how effective and correct evaluation of real estate investment risks becomes the multitudinous scholar concern[1]. In this paper, real estate investment risks were summarized and analyzed, and comparative analysis method is discussed and finally presented fuzzy comprehensive evaluation method, not only in theory has the advantages of science, in the application also has the reliability, for real estate investment risk assessment provides an effective means for investors in real estate investing guidance on risk factors and forecasts.

  12. Integrating Real Estate into China’s Planning Education: Paradox and Prospect

    Institute of Scientific and Technical Information of China (English)

    Zou; Yonghua; Zhao; Wanxia; Zhong; Ruijun

    2015-01-01

    The booming real estate sector in China demands for more planners with real estate knowledge and skills, but real estate training has been marginalized in the existing physical-dominated planning education system. After reviewing the related international experiences, this paper examines the necessities and benef its of integrating real estate into China’s planning education. It also explains the paradox embedded in the existing planning education system and considers how to restructure the planning education paradigm, so that it will provide better real estate training. The objectives here are to strengthen the curriculum, diversify students’ and faculty backgrounds, seek effective ways to interact with the real estate industry, and differentiate the planning programs. The integration of real estate into planning education can cultivate more interdisciplinary professionals and should be a concern for more planning educators.

  13. Real Estate Price Bubble and Its Impact in the Baltic States

    Directory of Open Access Journals (Sweden)

    Laura Tupėnaitė

    2011-04-01

    Full Text Available The article analyses the problem of the real estate price bubble in the Baltic States. The definition of the real estate price bubble is discussed, the main reasons as well as bubble influencing fundamental and irrational factors and price bubble burst sequences to national economics are analysed. Based on the research model and developed by the authors, the practical research of the real estate market in the Baltic States was performed.Trends towards the real estate prices were researched and the influence of fundamental and irrational factors on the growth of the real estate prices was discussed. Research results proved the existence of the price bubble in the Baltic States real estate market during the period from 2004 to 2006. The influence of the real estate price bubble burst on the national economy of the Baltic States is discussed at the end of this article. Article in Lithuanian

  14. 41 CFR 102-73.15 - What real estate acquisition and related services may Federal agencies provide?

    Science.gov (United States)

    2010-07-01

    ... 41 Public Contracts and Property Management 3 2010-07-01 2010-07-01 false What real estate... REGULATION REAL PROPERTY 73-REAL ESTATE ACQUISITION General Provisions § 102-73.15 What real estate... provide real estate acquisition and related services, including leasing (with or without purchase options...

  15. Structure of the Real Estate Brokerage Industry: Requiem for the Heavyweights? Teachers Instructional Packet (TIP) No. 16, Spring 1987.

    Science.gov (United States)

    Harris, Jack C.

    Part of a series of classroom aids designed for real estate instructors, this instructional packet was developed to help real estate students understand requirements for structure of the Texas real estate brokerage industry. First, information is presented on real estate brokerage, touching upon the industry's growth and the expansion of brokerage…

  16. CORPORATE BOND MARKET OF REAL ESTATE DEVELOPMENT COMPANIES IN POLAND

    Directory of Open Access Journals (Sweden)

    Magdalena Gostkowska-Drzewicka

    2014-06-01

    Full Text Available The aim of the article examines the features that determine the attractivenessof bonds as a financing instrument for real estate development projects in Poland, and the share of debt securities and bonds in the financing structure of real estate development companies. The implementation of such a formulated purpose required the application of methods of statistical description. Research was conducted on the basis of data from the statistics made by Fitch Ratings Polska, Catalyst, Narodowy Bank Polski, Związek Banków Polskich and the financial statements of bond issuers. The basic research period covers the years 1998-2012. However, due to the lack of published data about the structure of financing of development companies, interest rates, the nominal value, the bond structure by the buyers, the type, the purpose of issuance and the form of security, long-term studies were reduced to shorter periods. Results of the research indicate that the corporate bond market of development companies was in the phase of intensive growth in 2004-2012. Availability of funds obtained through the issuance of bonds increased by the establishment of appropriate infrastructure in 2009. The downturn in the real estate market initiated a series of structural changes in the financing of development companies in 2008- 2009. High margins and restrictive creditworthiness assessment brought on a search for alternative sources of financing. Due to restrictions imposed by the Act of 29th April 2012on the protection of the buyer of a dwelling or a single-family-house, it became important to provide flexible funding sources for development projects, including bond issuances.

  17. Energy-efficient Renovation of a Real Estate in AUSTRIA

    Directory of Open Access Journals (Sweden)

    Korjenic Azra

    2015-11-01

    Full Text Available An action have cities worldwide, due to urbanization. More than 70 percent of people in Europe live in cities, where 70 percent of the energy consumed. Without adequate measures, a rapidly growing city is at risk in by overloading the infrastructure, threats to water, energy, pollution, logistical bottlenecks and lack of housing. This paper describes an energy-efficient renovation or expansion planning a real estate in Vorarlberg, Austria. The settlement was analysed in more detail here, it involves the city Dornbirn- part Shor. The study investigated how to extend this settlement energy efficient and what feed for factors in the assessment.

  18. Masalah Permukiman Kota: Permukiman Kumuh, Perumnas, dan Real Estate

    Directory of Open Access Journals (Sweden)

    S Sudaryono

    2004-01-01

    Full Text Available Perumahan sebagai salah satu komponen infrstruktur akan menjadi tema yang sangat penting dalam kerangka baik isue global maupun nasional, terutama dalam kaitannya dengan pembangunan industri pada kota-kota di Indonesia di masa datang. Studi ini akan membahas permasalahan dari tiga tipe deliveri perumahan di Indonesia yang cukup menonjol yakni: 1 pemukiman kumuh, 2 perumnas, dan 3 real estate. Secara singkat dapat dikatakan bahwa munculny pemukiman kumuh di kota-kota di Indonesia dan negara-negara berkembang pada umumnya adalah berakar pada gagapnya kota-kota tersebut dalam menyiasati gelombang global industrialisasi yang dibawa oleh revolusi industri.

  19. Energy-efficient Renovation of a Real Estate in AUSTRIA

    Science.gov (United States)

    Korjenic, Azra; Vašková, Anna

    2015-11-01

    An action have cities worldwide, due to urbanization. More than 70 percent of people in Europe live in cities, where 70 percent of the energy consumed. Without adequate measures, a rapidly growing city is at risk in by overloading the infrastructure, threats to water, energy, pollution, logistical bottlenecks and lack of housing. This paper describes an energy-efficient renovation or expansion planning a real estate in Vorarlberg, Austria. The settlement was analysed in more detail here, it involves the city Dornbirn- part Shor. The study investigated how to extend this settlement energy efficient and what feed for factors in the assessment.

  20. 3D Weight Matrices in Modeling Real Estate Prices

    Science.gov (United States)

    Mimis, A.

    2016-10-01

    Central role in spatial econometric models of real estate data has the definition of the weight matrix by which we capture the spatial dependence between the observations. The weight matrices presented in literature so far, treats space in a two dimensional manner leaving out the effect of the third dimension or in our case the difference in height where the property resides. To overcome this, we propose a new definition of the weight matrix including the third dimensional effect by using the Hadamard product. The results illustrated that the level effect can be absorbed into the new weight matrix.

  1. Synthetic real estate: bringing corporate finance to health care.

    Science.gov (United States)

    Varwig, D; Smith, J

    1998-01-01

    The changing landscape of health care has caused hospitals, health care systems, and other health care organizations to look for ways to finance expansions and acquisitions without "tainting" their balance sheets. This search has led health care executives to a financing technique that has been already embraced by Fortune 500 companies for most of this decade and more recently adopted by high-tech companies: synthetic real estate. Select case studies provide examples of the more creative financial structures currently being employed to meet rapidly growing and increasingly complex funding needs.

  2. The incorporation of sustainability into the real estate investment portfolio

    Energy Technology Data Exchange (ETDEWEB)

    Baas, L.

    2013-06-15

    This graduation report describes the findings of a research in the area of Real Estate Management, section Building Economics. The subject of the research relates to the added value of sustainable offices in the real estate investment portfolio. The question which is leading throughout this report is whether the extent of sustainability influences the financial performance of office buildings in the Netherlands. But on which grounds are these assumptions made? The gathered information compares actual energy consumption in relation to theoretical knowledge of a governmental regulated energy performance scheme. To find an accurate answer a quantitative research has been conducted at a sustainability-driven organization, the Dutch Green Building Council (in short: DGBC). An extensive literature review provided the author with a solid background to investigate the relation of financial performance compared to sustainability features. This knowledge enabled him to define a hedonic pricing model and thus to look into financial benefits of better performing assets. This model is used to highlight significant locational, asset-related and sustainable features that act as predictors for offices. Especially the degree of sustainability comes to mind when this data is compared with actual consumption instead of theoretically defined through a standardized calculation. This resulted into recommendations and eventually discussions gathered at the end of this report. This report aims not only on the change of one's mind about the importance of sustainability but also on the added value of information flows for operational management.

  3. Cost control for real estate development projects in ChinaPart 1:Literature review

    Institute of Scientific and Technical Information of China (English)

    夏煦

    2014-01-01

    The background and purpose, and the current situation of the cost control theory of real estate development project are disscussed in the paper. Problems of cost control for real estate development projects in China are analyzed and summarized. According to the real estate development project cost control problems and related factors, a cost control index system of real estate development enterprise, and a cost control factors index system of real estate projects are constructed respectively. Cost control in the five stages of a real estate development project is introduced and summarized respectively. The five stages include:the investment decision-making, planning and design stage, the bidding phase, project implementation stage, and rental or sale.

  4. Modelling real estate business for governance and learning

    DEFF Research Database (Denmark)

    Stubkjær, Erik

    2006-01-01

    were drafted. Also, a follow-up action is in process of approval: Rearrangement of Property Rights for Rural and Urban Areas. A short study programme on Cadastral Development is proposed, which might enhance university networking with clusters of the micro-enterprises, which provide technical services...... the FIG profession(s) at European scope. A recent EU Communication, COM(2005) 152, calls for university networks, which meet criteria of critical mass; interdisciplinary teaching; a strong European dimension; backing from regional/national authorities and direct involvement of industry; as well...... as identified and declared areas of excellence. Within the above context, the paper refers to outcomes and experiences from the research action: Modelling Real Property Transactions (2001-2005). Among others, processes related to real estate (purchase, subdivision) were modelled and corresponding ontologies...

  5. SPECIFIC ASPECTS OF REAL ESTATE MARKET AS AN OBJECT OF STATISTICAL RESEARCH

    Directory of Open Access Journals (Sweden)

    Yuliya V. Bazhdanova

    2013-01-01

    Full Text Available The article deals with the peculiarities of development of the residential real estate market of Moscow. Several approaches to the analysis of formation of this economy segment are considered. Foundations and classification of residential real estate are given. A main attention is paid to parameters of assessed value of real estate. The pricing is considered within the frame of the existing tasks and goals.

  6. Real Estate Funds. Fiscal incentives to jump-start the property market

    OpenAIRE

    Sabrina Capilupi

    2014-01-01

    Real estate funds are a financial instrument enabling investors to transform real estate Investments into shares of financial assets, producing liquidity without the investor having to acquire and dispose of property. A strong boost to this type of investment - an alternative to the type of securities - is given by the favourable tax laws that foster the creation, management and participation in real estate funds. This article summarises the main provisions related to tax applicable to ...

  7. Real Estate Funds. Fiscal incentives to jump-start the property market

    Directory of Open Access Journals (Sweden)

    Sabrina Capilupi

    2014-06-01

    Full Text Available Real estate funds are a financial instrument enabling investors to transform real estate Investments into shares of financial assets, producing liquidity without the investor having to acquire and dispose of property. A strong boost to this type of investment - an alternative to the type of securities - is given by the favourable tax laws that foster the creation, management and participation in real estate funds. This article summarises the main provisions related to tax applicable to funds in this sector.

  8. Accruing Competitive Advantage from REIT: An Assessment of The Indian Real Estate Industry

    OpenAIRE

    Gupta, Mohit

    2007-01-01

    The real estate sector in India has assumed a growing importance with the liberalization of the economy. The consequent increase in business opportunities and migration of the labor force has, in turn increased the demand for commercial and housing space. However, lack of funds, poor transparency level, complex and hazy regulations and policies, and lack of financial infrastructure impede the growth of the Indian real estate industry. Moreover, it seems that Indian real estate companies were ...

  9. A Qualitative Study of E-Business Adoption in the Real Estate Sector in China

    Directory of Open Access Journals (Sweden)

    YAN SUN

    2015-04-01

    Full Text Available The purpose of this qualitative study is to investigate e-business adoption into real estate agencies in China. This research focuses on the advantages and disadvantages of IT/IS (Information Technology/Information Systems integration through face to face interviews with property agency managers in Suzhou. Particularly, it looks into the real estate sector in China today and provides implications to improve service quality and stay competitive within local real estate agencies in Suzhou, China.

  10. Diagnosis based on strategic management practices: real estate agencies of Santa Maria - Brazil

    OpenAIRE

    Patrícia Schrippe; Flaviani Souto Bolzan Medeiros; Andreas Dittmar Weise

    2015-01-01

    The paper aims to diagnosis the Strategic Management practices in real estate agencies in the city of Santa Maria – Brazil. For this, a questionnaire was developed by the authors with aid from Google Docs tool and was sent through an electronic mail to all real estate agencies, from which 25 agencies responded, representing about 56.8% of all agencies contacted. The main finding is the inefficiently structured strategic management in the real estate management, which includes a series of aspe...

  11. 7 CFR 1955.111 - Sale of real estate for RH purposes (housing).

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 14 2010-01-01 2009-01-01 true Sale of real estate for RH purposes (housing). 1955.111 Section 1955.111 Agriculture Regulations of the Department of Agriculture (Continued) RURAL... Inventory Property Rural Housing (rh) Real Property § 1955.111 Sale of real estate for RH purposes (housing...

  12. 17 CFR 210.3-15 - Special provisions as to real estate investment trusts.

    Science.gov (United States)

    2010-04-01

    ... Financial Statements § 210.3-15 Special provisions as to real estate investment trusts. (a)(1) The income... real estate investment trust under applicable provisions of the Internal Revenue Code as amended shall... 17 Commodity and Securities Exchanges 2 2010-04-01 2010-04-01 false Special provisions as to real...

  13. 26 CFR 1.822-2 - Real estate owned and occupied.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Real estate owned and occupied. 1.822-2 Section... Premium Deposits) § 1.822-2 Real estate owned and occupied. The limitation in section 822(d)(1) on the amount allowable as a deduction for taxes, expenses, and depreciation upon or with respect to any real...

  14. University Real Estate Development Database: A Database-Driven Internet Research Tool

    Science.gov (United States)

    Wiewel, Wim; Kunst, Kara

    2008-01-01

    The University Real Estate Development Database is an Internet resource developed by the University of Baltimore for the Lincoln Institute of Land Policy, containing over six hundred cases of university expansion outside of traditional campus boundaries. The University Real Estate Development database is a searchable collection of real estate…

  15. University Real Estate Development Database: A Database-Driven Internet Research Tool

    Science.gov (United States)

    Wiewel, Wim; Kunst, Kara

    2008-01-01

    The University Real Estate Development Database is an Internet resource developed by the University of Baltimore for the Lincoln Institute of Land Policy, containing over six hundred cases of university expansion outside of traditional campus boundaries. The University Real Estate Development database is a searchable collection of real estate…

  16. 32 CFR 644.8 - Planning and scheduling real estate activities.

    Science.gov (United States)

    2010-07-01

    ... take their homes, farms and businesses. Therefore, the importance of keeping landowners and others... 32 National Defense 4 2010-07-01 2010-07-01 true Planning and scheduling real estate activities... (CONTINUED) REAL PROPERTY REAL ESTATE HANDBOOK Project Planning Civil Works § 644.8 Planning and...

  17. Switching Regime Beta Analysis of Global Financial Crisis: Evidence from International Public Real Estate Markets

    National Research Council Canada - National Science Library

    Kim Hiang Liow; Qing Ye

    2017-01-01

    .... Employing univariate and multivariate switching regime beta models, our results suggest that the public real estate markets examined responded significantly to the financial crisis with a significant...

  18. 26 CFR 5.856-1 - Extensions of the grace period for foreclosure property by a real estate investment trust.

    Science.gov (United States)

    2010-04-01

    ... property by a real estate investment trust. 5.856-1 Section 5.856-1 Internal Revenue INTERNAL REVENUE... real estate investment trust. (a) In general. Under section 856(e), a real estate investment trust (“REIT”) may elect to treat as foreclosure property certain real property (including interests in real...

  19. ANALYSIS OF PRICE BUBBLES ON THE CZECH REAL ESTATE MARKET

    Directory of Open Access Journals (Sweden)

    Gevorgyan Kristine

    2015-12-01

    Full Text Available This thesis deals with the issue of price bubbles on the Czech real estate market. The theoretical part explains the price bubble in terms of behavioural finance, and describes the relationship between monetary policy and asset prices from the perspective of the Austrian school and representatives of traditional economics. In the empirical part, it presents ways of identifying bubbles on the property market using relative indicators and econometric models. By means of econometric methods, this thesis analyses specific factors that influence housing prices in the Czech Republic. It puts a particular emphasis on the impact of interest rates on asset prices, because low inflation and expansionary monetary policy can create conditions for the formation of price bubbles.

  20. PROBLEMS OF BUSINESS MANAGEMENT WITHIN A REAL ESTATE DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Dmitriy A. Bryksin

    2013-01-01

    Full Text Available This article describes problems of organization management within a real estate development, the analysis of this problems and the methods of its solution based on the Balanced Scorecard. In present unsteady conditions of business development, commercial activity faces a number of problems. The main types are: the problem of lack of funding, the problem of the growth of a company, the company’s management problem, the problem of business processes, and the problem of the decision-making. As a method to solve the problems is proposed an introduction of the balanced scorecard (BSC, which allows accurately feel the slightest changes in the company, deviation from the planned strategies and adjust the direction of the motion during the life of the company.

  1. THE ANALYSIS OF THE REAL ESTATE INVESTMENTS IN THE CURRENT ECONOMIC ENVIRONMENT

    Directory of Open Access Journals (Sweden)

    Hristea Anca Maria

    2013-07-01

    Full Text Available Real estate investments are one of the most attractive business opportunities in the context of the contemporary economy, generally marked by economic recession and especially by monetary and financial instability. Last years international reporting concluded that deepening the global economic crisis determined an increase of the real estate request, while despite all expectations one did not assist a crash of the prices. Economic reality showed that real estate assets value (buildings, land kept proportions with economic reality over time. A comparison between stock exchange market and the real estate market shows that while an movables investor (investments in stocks, bonds or life insurance might lose completely his initial investment, the investments in real estate assets, such as buildings, would keep their quality as goods and would also keep a value to better resist shocks and thus allowing an increase of the capital. When appreciating the value of an investment the first things to analyze are the return, liquidity and risk criteria, which are essential in real estate investments too. Stimulating real estate market must be not only a wish but also a reality of global economy, since it can correct many of the aggregated indicators of a country. Containing scientifically detached from economic practice, this article is addressed to readers with interests in real estate investment. The language is usually referred particularly to the qualitative side of the real estate market approach. The feasibility of the real estate investments is being conditioned by their capacity to generate important profits, on the background of the reduction of the duration of recovery of their value. The economic instability from the last couple of years has generated fears and failures but, paraphrasing Johann Wolfgang von Goethe, courage is a mixture of genius, magic and power that helps us succeed in everything we set our mind to. The investments on the real

  2. Technical Qualifications for Treating Photovoltaic Assets as Real Property by Real Estate Investment Trusts (REITs)

    Energy Technology Data Exchange (ETDEWEB)

    Feldman, D.; Mendelsohn, M.; Coughlin, J.

    2012-06-01

    It has been proposed that Real Estate Investment Trusts (REITs) have the potential to lower the cost and increase the adoption of photovoltaic systems (PV) by offering a more attractive source of capital. The purpose of this paper is to explain the fundamental physical characteristics of PV and compare them to the characteristics of 'real' property, to help determine whether REITs can own PV systems.

  3. 7 CFR 765.401 - Conditions for transfer of real estate and chattel security.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 7 2010-01-01 2010-01-01 false Conditions for transfer of real estate and chattel security. 765.401 Section 765.401 Agriculture Regulations of the Department of Agriculture (Continued) FARM... Security and Assumption of Debt § 765.401 Conditions for transfer of real estate and chattel security. (a...

  4. 7 CFR 767.153 - Sale of real estate inventory property.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 7 2010-01-01 2010-01-01 false Sale of real estate inventory property. 767.153 Section 767.153 Agriculture Regulations of the Department of Agriculture (Continued) FARM SERVICE AGENCY....153 Sale of real estate inventory property. (a) Pricing. (1) The Agency will advertise property for...

  5. 76 FR 39341 - Encouraging New Markets Tax Credit Non-Real Estate Investments; Correction

    Science.gov (United States)

    2011-07-06

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 RIN 1545-BK21 Encouraging New Markets Tax Credit Non-Real Estate... to encourage non-real estate investments. FOR FURTHER INFORMATION CONTACT: Julie Hanlon-Bolton, (202...

  6. 17 CFR 210.8-06 - Real estate operations acquired or to be acquired.

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 2 2010-04-01 2010-04-01 false Real estate operations acquired or to be acquired. 210.8-06 Section 210.8-06 Commodity and Securities Exchanges SECURITIES AND... Statements of Smaller Reporting Companies § 210.8-06 Real estate operations acquired or to be acquired. If...

  7. Real Estate Course Outlines--Principles, Appraisal, Finance, Law, Math, Property Management, Investments, Marketing, Brokerage.

    Science.gov (United States)

    Lyon, Robert

    This series of course outlines was developed by the Texas Real Estate Research Center to help instructors in developing courses in compliance with the Texas Real Estate License Act Section 7(a). The outlines are general in nature and designed to serve as the basis for the development of a comprehensive course outline based on the texts and…

  8. 78 FR 2483 - Ohio Terminal Railway Company-Operation Exemption-Hannibal Real Estate, LLC

    Science.gov (United States)

    2013-01-11

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF TRANSPORTATION Surface Transportation Board Ohio Terminal Railway Company--Operation Exemption--Hannibal Real Estate, LLC...), pursuant to an operating agreement with Hannibal Real Estate, LLC (Hannibal). \\1\\ OTRC is a wholly owned...

  9. 76 FR 39343 - New Markets Tax Credit Non-Real Estate Investments; Correction

    Science.gov (United States)

    2011-07-06

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 RIN 1545-BK04 New Markets Tax Credit Non-Real Estate Investments... markets tax credit program to facilitate and encourage investments in non-real estate businesses in low...

  10. MODERN TENDENCIES IN THE FIELD OF THE COMMERCIAL REAL ESTATE MANAGEMENT IN UKRAINE

    Directory of Open Access Journals (Sweden)

    L.Chubuk

    2014-04-01

    Full Text Available The advantages of owners, got from the use of services of professional real estate management, are exposed. The spheres of most distribution of professional services of real estate management, their progress trends, prevailing form of organization of mutual relations between the owner of the real estate and managing company, special terms of payments for services are revealed. The range of management services and specific criteria of a choice of management companies in domestic practice are exposed, the rating of the leading companies in the market of complex services of commercial real estate management in Ukraine is given. Dynamics of the indicators, characterizing a condition of the market and efficiency of using of commercial real estate in Kiev for the period before and after financial and economic crisis, is illustrated. Reasons that limits possibilities of strategic real estate management in a long-term prospect are examines. The comparative analysis of attractiveness of basic sectors of the Ukrainian commercial property market (office, trade, ware-house real estate is conducted from positions of investing and professional management. There is proved that perspective of investments in the ware-house (industrial real estate is reasonable.

  11. 17 CFR 210.3-14 - Special instructions for real estate operations to be acquired.

    Science.gov (United States)

    2010-04-01

    ... General Instructions As to Financial Statements § 210.3-14 Special instructions for real estate operations... 17 Commodity and Securities Exchanges 2 2010-04-01 2010-04-01 false Special instructions for real estate operations to be acquired. 210.3-14 Section 210.3-14 Commodity and Securities Exchanges...

  12. Geoinformatic subsystem for real estate market analysis). (Polish Title: Podsystem geoinformatyczny do analizy rynku nieruchomosci)

    Science.gov (United States)

    Basista, A.

    2013-12-01

    There are many tools to manage spatial data. They called Geographic Information System (GIS), which apart from data visualization in space, let users make various spatial analysis. Thanks to them, it is possible to obtain more, essential information for real estate market analysis. Many scientific research present GIS exploitation to future mass valuation, because it is necessary to use advanced tools to manage such a huge real estates' data sets gathered for mass valuation needs. In practice, appraisers use rarely these tools for single valuation, because there are not many available GIS tools to support real estate valuation. The paper presents the functionality of geoinformatic subsystem, that is used to support real estate market analysis and real estate valuation. There are showed a detailed description of the process relied to attributes' inputting into the database and the attributes' values calculation based on the proposed definition of attributes' scales. This work presents also the algorithm of similar properties selection that was implemented within the described subsystem. The main stage of this algorithm is the calculation of the price creative indicator for each real estate, using their attributes' values. The set of properties, chosen in this way, are visualized on the map. The geoinformatic subsystem is used for the un-built real estates and living premises. Geographic Information System software was used to worked out this project. The basic functionality of gvSIG software (open source software) was extended and some extra functions were added to support real estate market analysis.

  13. Real estate added value and decision-making in hospital infrastructure

    NARCIS (Netherlands)

    Van der Zwart, J.

    2011-01-01

    This paper explores the concept of adding value to corporate performance by real estate, and how this concept could be applied in decision-making processes for new hospital infrastructure. A literature review forms the starting point for interviews carried out with hospitals‘ CEOs on how real estate

  14. Real Estate Course Outlines--Principles, Appraisal, Finance, Law, Math, Property Management, Investments, Marketing, Brokerage.

    Science.gov (United States)

    Lyon, Robert

    This series of course outlines was developed by the Texas Real Estate Research Center to help instructors in developing courses in compliance with the Texas Real Estate License Act Section 7(a). The outlines are general in nature and designed to serve as the basis for the development of a comprehensive course outline based on the texts and…

  15. Noteworthy: commercial real estate: recession takes toll, banks put at risk

    OpenAIRE

    2009-01-01

    Texas' commercial real estate market steadily worsened as recession took hold in 2009. Commercial real estate's woes don't bode well for banks already struggling with losses from residential loans. The number of distressed properties--those in foreclosure, in bankruptcy or restructured--is rising.

  16. Utilizing 3D building and 3D cadastre geometries for better valuation of existing real estate

    NARCIS (Netherlands)

    Isikdag, U.; Horhammer, M.; Zlatanova, S.; Kathmann, R.; Van Oosterom, P.J.M.

    2015-01-01

    Valuation of the properties is known as real estate appraisal, property valuation or land valuation and is a process which focuses on determining the value of a building or a land lot. The valuation of each real estate is required prior to any transaction as every property is unique in terms of shap

  17. Home Performance XML to Real Estate Standards Organization Data Dictionary Translator

    Energy Technology Data Exchange (ETDEWEB)

    2015-10-27

    This translator takes fields from the HPXML and translates them into RESO’s Data Dictionary, which is used in MLS systems for real estate transactions across the country. The purpose is to get energy efficiency data into the real estate transaction.

  18. Towards a decision support tool for real estate management in the health sector using real options and scenario planning

    NARCIS (Netherlands)

    Reedt Dortland, van M.W.J.; Voordijk, J.T.; Dewulf, G.P.M.R.

    2012-01-01

    Purpose – Uncertainties affecting health organizations inevitably influence real estate decisions since real estate is required to facilitate the primary health process. The purpose of this study is to develop a decision support tool that supports health organisations in defining what flexibility th

  19. Towards a decision support tool for real estate management in the health sector using real options and scenario planning

    NARCIS (Netherlands)

    van Reedt Dortland, Maartje; Voordijk, Johannes T.; Dewulf, Geert P.M.R.

    2012-01-01

    Purpose – Uncertainties affecting health organizations inevitably influence real estate decisions since real estate is required to facilitate the primary health process. The purpose of this study is to develop a decision support tool that supports health organisations in defining what flexibility

  20. Sustainability Aspects of Real Estate Development: Lithuanian Case Study of Sports and Entertainment Arenas

    Directory of Open Access Journals (Sweden)

    Rasa Apanavičienė

    2015-05-01

    Full Text Available The principles of sustainability have become particularly important in the real estate and construction sector over the past decade. Despite extended efforts to evaluate the sustainability aspects of the real estate development, very few attempts have been exposed in the scientific literature pursuing integrating the investors and real estate developers’ responsibility for the local community, regional economy and environmental problems within their financial expectations. The paper presents methodology enabling evaluating the balance of real estate development sustainability and financial viability issues during the feasibility study process. The Model for Real Estate Investment Evaluation Based on Sustainable Development Aspects proposed by the authors was applied to the case study of Lithuanian sports and entertainment arenas. By using multi-criteria decision analysis sustainability assessment of multi-functional arenas was carried out which disclosed that positive sustainability effects lays down on the owner’s and operator’s monetary liabilities.

  1. A Vector Auto Regression Model Applied to Real Estate Development Investment: A Statistic Analysis

    Directory of Open Access Journals (Sweden)

    Fengyun Liu

    2016-10-01

    Full Text Available This study analyzes the economic system dynamics of investment in real estate from mainly four participants in China. Local governments limit the supply of commercial and residential land to raise fiscal revenue, and expand debts by land mortgage to develop industrial zones and parks. Led by local government, banks and real estate development enterprises forge a coalition on real estate investment and facilitate real estate price appreciation. The above theoretical model is empirically evidenced with VAR (Vector Auto Regression methodology. A panel VAR model shows that land leasing and real estate price appreciation positively affect local government general fiscal revenue. Additional VAR models find that bank credit in addition to private and foreign funds respectively have strong positive dynamic effects on housing prices. Housing prices also have a strong positive impact on speculation from private funds and hot money.

  2. DIAGNOSIS BASED ON STRATEGIC MANAGEMENT PRACTICES: REAL ESTATE AGENCIES OF SANTA MARIA - BRAZIL

    Directory of Open Access Journals (Sweden)

    Patrícia Schrippe

    2015-06-01

    Full Text Available The paper aims to diagnosis the Strategic Management practices in real estate agencies in the city of Santa Maria – Brazil. For this, a questionnaire was developed by the authors with aid from Google Docs tool and was sent through an electronic mail to all real estate agencies, from which 25 agencies responded, representing about 56.8% of all agencies contacted. The main finding is the inefficiently structured strategic management in the real estate management, which includes a series of aspects, such as strategic planning, indexes, SWOT analysis and employees training. Although the economic outlook was positive for real estate agencies in the last years, if they had gotten used tools of strategic management, the agencies could been enjoying a stronger financial and strategic position. Thus, the major implication of this paper is contributed broad diagnosis the strategic management operation in real estate agencies in the city of Santa Maria – Brazil.

  3. 41 CFR 102-72.30 - What are the different types of delegations related to real estate leasing?

    Science.gov (United States)

    2010-07-01

    ... types of delegations related to real estate leasing? 102-72.30 Section 102-72.30 Public Contracts and... REGULATION REAL PROPERTY 72-DELEGATION OF AUTHORITY Delegation of Authority § 102-72.30 What are the different types of delegations related to real estate leasing? Delegations related to real estate leasing...

  4. 论房产税对房地产市场的调控%A Study of the Control of Real Estate Tax on Real Estate Market

    Institute of Scientific and Technical Information of China (English)

    廖仕梅

    2014-01-01

    房产税被部分人视为打压高房价的最后一根稻草。但目前我国房产税在立法上还不太完善,执法方面还存在诸多不规范现象,正在试运行的房产税地方立法还存在诸多漏洞。真正体现公平、正义的房产税法的产生还有待时日。依据税收法定原则及依法行政原则,税收的开征和收缴都应该有科学的法律依据并严格执法,否则会违背市场规律,难以发挥调控市场的作用。另外,影响房价的因素不仅有税收,还有市场供求、通货膨胀、土地出让金、各种收费等诸多因素。因此,仅对个人所有的非营业用的房产开征房产税并不能解决当前高房价问题。%Real estate tax is regarded as the last method to lower the price of real estate by some people .But the legislation of real estate tax is not perfect ,and there are many ill-matched behaviors in the enforcement of tax law .What’s more ,the trying parochial tax law is flawy .So there is a long time to get a fair and just real estate tax law .According to the principle of tax basing on law and the principle of administering by law ,scientific law and serious enforcement are necessary for a new tax levy .Otherwise real estate tax will be alien to the market rule and it is difficult to control the real estate market .Except for taxation , there are still many factors influencing the price of real estate ,such as the demand and provision of mar-ket ,inflation ,the price of the land ,and all kinds of fees .So it is impossible to successfully deal with the high price of real estate by only imposting a tax on people w ho possess non-business real estate .

  5. Use of Multicriteria Valuation of Spatial Units in a System of Mass Real Estate Valuation

    Directory of Open Access Journals (Sweden)

    Miroslav Kuburić

    2012-05-01

    Full Text Available A model of mass valuation at the national level must be functional, practically applicable, consistent and adaptable to actual conditions and real estate market trends. A consideration of the influence of location on real estate value in a spatial unit, and a description of spatial units with a sufficient number of attributes to determine a connection between the value of these attributes and the average price of real estate in a spatial unit, are important tasks in modelling a system of mass real estate valuation. This paper, based on a test implementation of mass real estate valuation for an area covering a number of municipalities in the Republic of Serbia, offers conclusions on the suitability of the use of a mass valuation method grounded in the principles of logical aggregation and case based reasoning. The values of location characteristics, or factors of spatial unit valuation, were determined in spatial analyses employing GIS, according to an established system of multicriteria valuation. This approach ensures that a model-defined value is not stored as offline data, but that each time such data is needed, it can be determined following the proposed methodology, based on actual, updated data from the databases of official spatial data registries. Prior to this, it is necessary to meet all the required prerequisites, which include the distributed databases of official real estate data registries and other factors needed in the mass valuation procedure. Keywords: real estate valuation; spatial units; multicriteria analysis

  6. 26 CFR 1.858-1 - Dividends paid by a real estate investment trust after close of taxable year.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 9 2010-04-01 2010-04-01 false Dividends paid by a real estate investment trust..., DEPARTMENT OF THE TREASURY (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES Real Estate Investment Trusts § 1.858-1 Dividends paid by a real estate investment trust after close of taxable year. (a) General rule...

  7. 14 CFR 1204.501 - Delegation of authority-to take actions in real estate and related matters.

    Science.gov (United States)

    2010-01-01

    ... real estate and related matters. 1204.501 Section 1204.501 Aeronautics and Space NATIONAL AERONAUTICS... Delegation of authority—to take actions in real estate and related matters. (a) Delegation of authority. The... conditions imposed by immediate superiors, to: (1) Prescribe agency real estate policies, procedures, and...

  8. 12 CFR 617.7620 - What should the System institution do when it decides to sell acquired agricultural real estate...

    Science.gov (United States)

    2010-01-01

    ... decides to sell acquired agricultural real estate at a public auction? 617.7620 Section 617.7620 Banks and... What should the System institution do when it decides to sell acquired agricultural real estate at a public auction? System institutions electing to sell or lease acquired agricultural real estate or a...

  9. 77 FR 37079 - Versus Capital Multi-Manager Real Estate Income Fund LLC and Versus Capital Advisors; Notice of...

    Science.gov (United States)

    2012-06-20

    ...; File No. 812-14008] Versus Capital Multi-Manager Real Estate Income Fund LLC and Versus Capital...-Manager Real Estate Income Fund LLC (``Initial Fund'') and Versus Capital Advisors LLC (``Adviser... to achieve its objectives by investing in funds that invest indirectly in real estate and by...

  10. 5 CFR 6701.104 - Prohibited purchases of real estate by certain GSA employees involved in the acquisition or...

    Science.gov (United States)

    2010-01-01

    ... 5 Administrative Personnel 3 2010-01-01 2010-01-01 false Prohibited purchases of real estate by certain GSA employees involved in the acquisition or disposal of real estate. 6701.104 Section 6701.104... OF THE GENERAL SERVICES ADMINISTRATION § 6701.104 Prohibited purchases of real estate by certain GSA...

  11. 12 CFR 617.7615 - What should the System institution do when it decides to lease acquired agricultural real estate?

    Science.gov (United States)

    2010-01-01

    ... decides to lease acquired agricultural real estate? 617.7615 Section 617.7615 Banks and Banking FARM... the System institution do when it decides to lease acquired agricultural real estate? (a) Notify the... real estate at a rate equivalent to the appraised rental value of the property. (1) Within 15 days...

  12. 26 CFR 55.4981-2 - Imposition of excise tax with respect to certain undistributed income of real estate investment...

    Science.gov (United States)

    2010-04-01

    ... certain undistributed income of real estate investment trusts; calendar years beginning after December 31... (CONTINUED) MISCELLANEOUS EXCISE TAXES (CONTINUED) EXCISE TAX ON REAL ESTATE INVESTMENT TRUSTS AND REGULATED INVESTMENT COMPANIES Excise Tax on Real Estate Investment Trusts § 55.4981-2 Imposition of excise tax with...

  13. 12 CFR 617.7610 - What should the System institution do when it decides to sell acquired agricultural real estate?

    Science.gov (United States)

    2010-01-01

    ... decides to sell acquired agricultural real estate? 617.7610 Section 617.7610 Banks and Banking FARM CREDIT... institution do when it decides to sell acquired agricultural real estate? (a) Notify the previous owner, (1) Within 15 days of the System institution's decision to sell acquired agricultural real estate, it must...

  14. Organising the unorganised: Role of platform intermediaries in the Indian real estate market

    Directory of Open Access Journals (Sweden)

    R. Srinivasan

    2017-03-01

    Full Text Available A large component of the Indian economy is still in the unorganised (or informal sector. The emergence of new intermediaries leveraging the Internet has contributed significantly to organising the hitherto unorganised sector. We discuss the case of the Indian real estate industry and elucidate how Internet-based intermediaries have mitigated the problems associated with the unorganised nature of the industry. The three primary problems associated with the unorganised nature of the industry are adverse selection, moral hazard, and weak contract enforcement. Leaders representing four leading real estate platforms discuss how organising the real estate business as a platform business model helps mitigate these risks.

  15. The Evaluation of Unincorporated Areas – Particularities and Perspectives on the Real Estate Market

    Directory of Open Access Journals (Sweden)

    Madalina Beldiman

    2016-07-01

    Full Text Available The real estate market in Romania occupies an important position within the national economy, with the results in the real estate field having a significant impact on the determination of the macroeconomic indicators� values. We can consider that within each economy, the real estate market represents a complex sector, due to the high volume of carried out transactions and to the high number of individuals that take part in the carrying out of the transactions. The importance of area evaluation is guaranteed by the high number of its practical applications. The information provided by the evaluator is used by judicial institutions as a basis for various decision making processes.

  16. Process-oriented organizational structure and its application in real estate development enterprises in China

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    This paper analyzes the shortcomings of the current organizational structure of real estate development enterprises in China. Integrating the idea of Business Process Reengineering (BPR) with organizational reformation, the authors bring out a process-oriented organizational structure. A further study on the application of process-oriented organizational structure in real estate development enterprises is carried out in a test case. Using residence-development process as an example, the authors illustrate the composition and operation of the business process system of real estate development enterprises.

  17. Study on the standard system of housing and real-estate industry information in China

    Institute of Scientific and Technical Information of China (English)

    尚春明; 王要武; 刘洪玉

    2004-01-01

    Basic standards of information are for all construction work. The formulation for a standard system for housing and real-estate industry information is of great significance to the promotion of the sound development of uniform construction and the transformation of production operations and management mode. This article gives an introduction to the application of information in the housing and real-estate industry, putting forward the consideration and framework for establishing the standard system of housing and the real-estate industry information to meet the needs of actual demands in China.

  18. Econometric estimation of the Latvian real estate market impact on the state economy

    OpenAIRE

    Kristīne Vītola

    2010-01-01

    Abstract The aim of the promotion paper is to study the role of real estate as an asset in the transmission mechanism of Latvia’s monetary policy and by means of econometric models to estimate the impact of financial frictions, real estate prices and country risk premium on Latvia’s macroeconomic indicators. The first chapter of the promotion paper covers the theoretical basis of interaction between real estate and economic growth. The role of housing as an asset in the monetary transmi...

  19. Determinants of Funds Demand and Supply; Deepening Finance Access of Real Estate Investment in China

    Directory of Open Access Journals (Sweden)

    Lkhagvasuren Togtokhbuyan

    2012-11-01

    Full Text Available This huge gap between financing needs and the available financing capacity represents major constraints to growth opportunities in business financing, and accords with one of requirements strategy of stimulating real sector financing by mobilizing cheap long term saving. Real estate investment is a capital intensive venture and this implies that firms venturing into this sector need to have a strong capital structure to sustain development. There is high competition amongst the real developers in quest for funds from formal and informal sources to meet their financial needs. Many real Estate firms are experiencing a credit fix. In the recent move by the Peoples Bank of China to clamp down lending in the real estate sector; the People’s bank of China tightened monetary policy by raising interest rates which in effect lead to increased cost of capital. The central government has also encouraged banks to adopt slow lending to real estate projects. According to the People's Bank of China (PBOC, the increase in cumulative loans related to housing projects totaled ¥1.3 trillion ($198 billion in 2011, down 38 percent from 2010, and new loans to the property sector comprised 17.5 percent of total loans in 2011, down from 27 percent in 2010.The remaining prudent alternative is innovation for exploitation of other means of acquiring funds for real estate venture. Real estate investors need to deepen and broaden their options of financing their activities to avoid credit squeeze.

  20. Time-varying correlations in global real estate markets: A multivariate GARCH with spatial effects approach

    Science.gov (United States)

    Gu, Huaying; Liu, Zhixue; Weng, Yingliang

    2017-04-01

    The present study applies the multivariate generalized autoregressive conditional heteroscedasticity (MGARCH) with spatial effects approach for the analysis of the time-varying conditional correlations and contagion effects among global real estate markets. A distinguishing feature of the proposed model is that it can simultaneously capture the spatial interactions and the dynamic conditional correlations compared with the traditional MGARCH models. Results reveal that the estimated dynamic conditional correlations have exhibited significant increases during the global financial crisis from 2007 to 2009, thereby suggesting contagion effects among global real estate markets. The analysis further indicates that the returns of the regional real estate markets that are in close geographic and economic proximities exhibit strong co-movement. In addition, evidence of significantly positive leverage effects in global real estate markets is also determined. The findings have significant implications on global portfolio diversification opportunities and risk management practices.

  1. The global financial crisis: Is there any contagion between real estate and equity markets?

    Science.gov (United States)

    Hui, Eddie Chi-man; Chan, Ka Kwan Kevin

    2014-07-01

    This study examines contagion across equity and securitized real estate markets of Hong Kong, US and UK during the global financial crisis by the Forbes-Rigobon, coskewness and cokurtosis tests. In particular, this is the first study to use the cokurtosis test to examine contagion between real estate and equity markets. The results show that the cokurtosis test can detect additional channels of contagion, and hence is a more powerful test. In contrary to Fry et al. (2010), we find that the cokurtosis test shows a highly significant evidence of contagion between the equity and real estate markets in both directions. In particular, the contagion between US's equity and real estate markets is the most significant. This reflects that US is the centre of shock of the global financial crisis.

  2. Carrington Real Estate Services, LLC and Carrington Mortgage Services, LLC Information Sheet

    Science.gov (United States)

    Carrington Real Estate Services, LLC and Carrington Mortgage Services, LLC (the Company) is located in Anaheim, California. The settlement involves the sale of properties constructed prior to 1978, located in Bakersfield and Ridgecrest, California.

  3. Macroeconomic and Financial Determinants of Comovement across Global Real Estate Security Markets

    National Research Council Canada - National Science Library

    Simon Stevenson

    2016-01-01

    .... The empirical results show that financial factors, such as the relation with the respective equity market, volatility, the relative size of the real estate sector, and trading turnover all play...

  4. A Vector Auto Regression Model Applied to Real Estate Development Investment: A Statistic Analysis

    National Research Council Canada - National Science Library

    Liu, Fengyun; Matsuno, Shuji; Malekian, Reza; Yu, Jin; Li, Zhixiong

    2016-01-01

    .... The above theoretical model is empirically evidenced with VAR (Vector Auto Regression) methodology. A panel VAR model shows that land leasing and real estate price appreciation positively affect local government general fiscal revenue...

  5. Uncertainty management in Real Estate Development: Studying the potential of SCRUM design methodology

    NARCIS (Netherlands)

    Blokpoel, S.B.; Reymen, Isabelle; Dewulf, Geert P.M.R.; Sariyildiz, S.; Tuncer, B.

    2005-01-01

    Real estate development is all about assessing and controlling risks and uncertainties. Risk management implies making decisions based on quantified risks to execute riskresponse measures. Uncertainties, on the other hand, cannot be quantified and are therefore unpredictable. In literature, much

  6. Recognising Revenue from the Construction of Real Estate in Financial Statements of Developers in Poland

    OpenAIRE

    Renata DYLAG; Malgorzata KUCHARCZYK

    2011-01-01

    The core business of real estate developers is performance long term developer contracts (directly or by subcontractors), that include constructing and selling residential and non-residential real estates. The characteristic feature of such contracts is the construction of properties that are generally financed by the principal over the whole project, by way of contractually agreed advances, and then – after the investment process has been completed – the ownership right is transferred to the...

  7. Impact of systemic risk in the real estate sector on banking return.

    Science.gov (United States)

    Li, Shouwei; Pan, Qing; He, Jianmin

    2016-01-01

    In this paper, we measure systemic risk in the real estate sector based on contingent claims analysis, and then investigate its impact on banking return. Based on the data in China, we find that systemic risk in the real estate sector has a negative effect on banking return, but this effect is temporary; banking risk aversion and implicit interest expense have considerable impact on banking return.

  8. Real Estate Site Selection: An Application of Artificial Intelligence for Military Retail Facilities

    Science.gov (United States)

    2006-09-01

    Optimizing these factors should be of utmost importance for real estate site selection. This concept applies to private industry and to the Department of...artificial intelligent algorithms. These algorithms can be applied across many industries such as the retail, restaurant, and banking industries ...Kates, S. (1997). Real Estate Site Selection Using GIS and MCDM : A Case Study of the Toronto Retail Jewelry Industry . Submitted in partial

  9. Some issues about compilation of real estate price index%编制城市房地产价格指数的若干问题

    Institute of Scientific and Technical Information of China (English)

    李国柱; 孙焕民

    2003-01-01

    Real estate price index is key market information for governments, real estate operators, consumersand economics researchers. By analyzing function orientation of real estate price index and frequent de-signing methods domestic and abroad, while considering the realities in China, this paper discusses appro-priate designing method of real estate price index and also provides a framework.

  10. 24 CFR 3500.4 - Reliance upon rule, regulation or interpretation by HUD.

    Science.gov (United States)

    2010-04-01

    ..., DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT REAL ESTATE SETTLEMENT PROCEDURES ACT § 3500.4 Reliance upon rule... 24 Housing and Urban Development 5 2010-04-01 2010-04-01 false Reliance upon rule, regulation or interpretation by HUD. 3500.4 Section 3500.4 Housing and Urban Development Regulations Relating to Housing...

  11. 20th International Symposium on Advancement of Construction Management and Real Estate

    CERN Document Server

    Zheng, Sheng; Luo, Jiaojiao; Wang, Wei; Mo, Zhibin; Shan, Liping

    2017-01-01

    These conference proceedings offer an outstanding resource for academics and professionals, sharing essential findings on the latest developments in real estate and construction management. The subject is “Advancement of Construction Management and Real Estate” in the context of new-type urbanization. The Chinese Research Institute of Construction Management (CRIOCM), working in close collaboration with Zhejiang University, organized CRIOCM2015, the 20th International Symposium. Written by academics and professionals from all over the world, these proceedings discuss the latest achievements, research outputs and advances between frontier disciplines in the field of construction management and real estate. They cover a wide range of topics, including new-type urbanization, land development and land use, urban development and management, the real estate market and housing policies. The discussions will provide an important reference source on the implementation of new-type urbanization in China and abroad.

  12. Strategy of Commercial Real Estate Market Development and Interests of the Region: Rostov Region

    Directory of Open Access Journals (Sweden)

    Kosarev Roman, V.

    2016-07-01

    Full Text Available The author discusses the features of the development of commercial real estate market in the Rostov region on the assumption of a relationship between the vector of entrepreneurial activity and the dynamics of supply and demand of real estate in the context of the public interest. The urgency of the problem is due to the institutional nature of commercial real estate in business development, which is neglected in the practice of public exposure due to lack of methodological support and instrumentality. Based on the self-organization of these dynamic models related economic systems in the economy of the region, a logical assessment of the trends of development of business in the consumer market in the context of the real estate needs as infrastructure is given. It allows to identify the main patterns of development and its specific regional features. Statistical evaluation of the cost of renting and buying commercial real estate in Rostov-on-Don city has helped to identify new strategies for business development, requiring the transformation of commercial property types, proposed in the framework of regional program with a focus on five trends of Global Power of Retailing 2015.

  13. Management Strategy of Real Estate%房地产经营战略

    Institute of Scientific and Technical Information of China (English)

    阎淳

    2014-01-01

    This paper mainly introduces the basic meaning and content of the real estate business, and introduces two types of real estate business strategies in detail, which are the brand strategy and customer satisfaction strategy. Real estate enterprises should be combined with their own situation, guided by the customer satisfaction strategy and brand management strategy, to satisfy the demand of customers as much as possible, create their own brand, reasonably adjust business strategy of real estate enterprises, and enhance the core competitiveness of enterprises to actively promote the steady development of China's real estate industry.%本文主要介绍了房地产经营的基本含义、内容。重点介绍了两种房地产经营战略---品牌经营战略和客户满意战略。作为房地产经营企业,应结合企业自身的现状,以客户满意战略和品牌经营战略为指导,尽可能去满足消费者的消费需求,创造出自己的品牌,合理调整房地产企业经营战略,增强企业的核心竞争力,可以积极推动我国房地产行业的稳步发展。

  14. Building healthy communities: establishing health and wellness metrics for use within the real estate industry.

    Science.gov (United States)

    Trowbridge, Matthew J; Pickell, Sarah Gauche; Pyke, Christopher R; Jutte, Douglas P

    2014-11-01

    It is increasingly well recognized that the design and operation of the communities in which people live, work, learn, and play significantly influence their health. However, within the real estate industry, the health impacts of transportation, community development, and other construction projects, both positive and negative, continue to operate largely as economic externalities: unmeasured, unregulated, and for the most part unconsidered. This lack of transparency limits communities' ability to efficiently advocate for real estate investment that best promotes their health and well-being. It also limits market incentives for innovation within the real estate industry by making it more difficult for developers that successfully target health behaviors and outcomes in their projects to differentiate themselves competitively. In this article we outline the need for actionable, community-relevant, practical, and valuable metrics jointly developed by the health care and real estate sectors to better evaluate and optimize the "performance" of real estate development projects from a population health perspective. Potential templates for implementation, including the successful introduction of sustainability metrics by the green building movement, and preliminary data from selected case-study projects are also discussed. Project HOPE—The People-to-People Health Foundation, Inc.

  15. Analysis of China's real estate prices and macroeconomy based on evolutionary co-spectral method

    Directory of Open Access Journals (Sweden)

    Juan Li

    2015-04-01

    Full Text Available Purpose: This paper investigates the dynamic interaction between the real estate market and the macroeconomic environment of China by use of dynamic coherence function based on co-spectral analysis. Design/methodology/approach: Through a theoretical perspective, the dynamic interrelationship among economic variables at different time intervals (both long and short terms is analyzed. Findings: The empirical results show that China’s real estate market features a high coherence with the change of the long-term interest rate, employment rate and money supply, while there is a moderate coherence between the real estate market and the inflation rate and economic growth rate, and the coherence between the short-term rate of interest and the real estate market is the lowest. Research implications: Previous researches have some shortcomings. They do not consider the dependence between nonlinear series, but the latter is crucial to avoid the deviation of results. In this paper, we proposed a new method of experience to overcome these shortcomings. Originality/value: The paper provides a reasonable explanation accordingly to different coherences between the real estate market and the macroeconomic variables.

  16. The study on the evolution of real estate industry based on the theory of self-organization

    Institute of Scientific and Technical Information of China (English)

    Zhang Jiankun; Luo Weidong; Bai Dongmei

    2009-01-01

    Based on some basic principles of self-organlzation theory including dissipation structure and synergy, the au-thor analyzes the condition, dynamic and evolving route of the serf-organization evolution of the real estate industry, and builds synergetic evolution model, calculates out the order parameter of the real estate industry. The paper supplies new methods and tools for further research of real estate industry and contributes to reference of the government for its direc-tion of macro-control.

  17. 26 CFR 1.1445-8 - Special rules regarding publicly traded partnerships, publicly traded trusts and real estate...

    Science.gov (United States)

    2010-04-01

    ... partnerships, publicly traded trusts and real estate investment trusts (REITs). 1.1445-8 Section 1.1445-8... estates upon the disposition of U.S. real property interests. Except as otherwise provided in this... Bonds § 1.1445-8 Special rules regarding publicly traded partnerships, publicly traded trusts and real...

  18. Some Thoughts on Effects of Fluctuation of Stock and Real Estate Prices on Consumer Expenditure

    Institute of Scientific and Technical Information of China (English)

    刘琳

    2006-01-01

    @@ With the rapid development of China' s financial markets,stocks and real estate are becoming one of the assets that can exert remarkable influence on consumer behavior.Since the early 1990s, sharp rises in stock market value in some European and North American countries, along with violent swings of stock market in other countries (Japan, for instance), have asserted enormous influence upon their perspective level of consumer expenditure.In the meantime, influence of fluctuation of real estate prices has been growing consistently as well.Dr.Greenspan,Chairman of the Federal Reserve System, proclaimed in 2001 that fluctuation of U.S.real estate prices should have had a more significant impact on consumer expenditure than that from fluctuation of stock prices in that year, and this trend should continue to strengthen in U.S.

  19. REAL ESTATE CRISIS. CAUSES, EFFECTS, MEASURES TO IMPROVE. THE ROMANIAN CASE

    Directory of Open Access Journals (Sweden)

    CHEPTEA MADALINA

    2015-12-01

    Full Text Available Starting 2008 Romania faced one of the deepest financial, economical, socio-political crises. It all started with the decline of the real estate market. Very accessible bank loans, real estate evaluators that in their majority used to double or triple the value of properties, the insatiable wish of each and every Romanian to own one or more properties without considering the long term consequences, banks’ risk departments that completely ignored risk, all those were the perfect recipe for a disaster. This research paper is an approach in creating the big picture of the Romanian real estate market and the attached domains, the role it played in the national economic crises, and also the social impact banks’ behaviour had on the population layers.

  20. Are Housing Markets Decoupled? A Case Study of Residential Real Estate Affordability in Austria

    Directory of Open Access Journals (Sweden)

    Florian PHILIPP

    2015-09-01

    Full Text Available Real estate arguably forms the most important asset to most households and the basis for their wealth. Around this context a model has been set up testing the relative affordability of real estate for the median household in Austria and the consequences of lower borrowing costs between 2004 and 2013 by vintage year. In this paper the hypothesis that the significant decline in base interest rates is not sufficient to offset the relative affordability loss caused by declining net household incomes and the simultaneous increase of real estate prices. To test this hypothesis a model has been set up comparing two different Housing Affordability Indices – one including and one excluding financing effects, having been compared via a multi factor model. Based on this calculation the author finds decreased base interest rates to offset relative affordability losses by only approximately 50%, verifying the hypothesis. The paper therefore argues for a potential decoupling of the residential housing market in Austria.

  1. Emerging Issues in Real Estate Appraisal: Market Premium for Building Sustainability

    Directory of Open Access Journals (Sweden)

    Domenico Enrico Massimo

    2013-08-01

    Full Text Available In international and metropolitan real estate markets, it has been detected, for the first time, the growing relevance of green buildings with respect to non-green building. Also, it has been singled out and then quantified through regression analysis a green premium, i.e. a differential in terms of price toward sold real estate units having ecological characteristics along with an energy value (more efficient behavior. The incipient international studies recommend to extend the analysis to unexplored middle-size non-metropolitan (marginal real estate markets. One of this areas has been studied detecting the first sale of an apartment with energy certification belonging to class B in a building with ecological characteristics. The assessment analysis performed through Market Comparison Approach, MCA, made it possible to detect and then appraise the green premium that is in line with the outcomes of the first and pioneer international studies performed in metropolitan areas.

  2. The Real estate market: types of property and criteria for appraisal

    Directory of Open Access Journals (Sweden)

    Mario Breglia

    2013-08-01

    Full Text Available The increasing interest on the part of institutional investors in the yield potential of real estate assets highlights the importance of effective criteria for evaluation. Each segment of real estate needs its own appraisal procedure, which is determined according to the intended use of the property: residential, tertiary/offices, special use property. Special use properties are characterised by their individual nature, their particular intended use. They include university buildings, hospitals and barracks. These are all segments which are impossible to assess using criteria based on comparable sales or income capitalisation. Institutional investors are now particularly interested in asset divestment by the State and public bodies. The low level of risk of this kind of investment is likely to be particularly attractive to institutional players and could represent a good opportunity to revive the real estate market.

  3. Implications of Asymmetric Information in the Real Estate Crisis in US

    Directory of Open Access Journals (Sweden)

    Marta Christina SUCIU

    2011-01-01

    Full Text Available The economic crisis is now a common reality in most parts of the world, being translated in mass unemployment, collapse of the social system and an impressive number of bankruptcies. The paper focuses on the beginning of the recession in the American real estate sector by analyzing the implications of imperfect information and moral hazard as main factors that contributed to the deterioration of real estate market and also to accentuating the overall poor economic situation. In that context, asymmetric information served the interests of banks and other institutional speculators who made use of it in order to increase their profitability through market manipulation. The central aspect the paper underlines is the international contamination created by disguising toxic real estate actives and spreading them throughout the global economy through transactions with foreign business partners.

  4. 房产税的功能定位%Functional Orientation of the Real Estate Tax

    Institute of Scientific and Technical Information of China (English)

    李升

    2012-01-01

    房产税改革被赋予了多项功能,但实际上,房产税既难以有效调节收入分配’也难以有效调控房价。l房产税改革目标不宜定位于弥补市县级财政缺口,但具有潜在筹资功能。%Multi-functions are assigned to the real estate tax reform. However, it is difficult to achieve the income distribution and effective house price controlling only via the real estate tax. The target of the real estate tax reform is not suited to narrow the fiscal gap at the city and county level, but to finance for the local fiscal expenditure.

  5. Macroeconomic control,political costs and earnings management:Evidence from Chinese listed real estate companies

    Institute of Scientific and Technical Information of China (English)

    Donghua; Chen; Jieying; Li; Shangkun; Liang; Guojun; Wang

    2011-01-01

    Firms in China have faced high political costs during China’s economic transition,because they are affected by macroeconomic policies.However,research to date has offered no consistent conclusions on the relationship between political costs and earnings management in China.This study tests whether real estate firms attempt to decrease earnings during periods of macroeconomic control,using variables related to the national real estate market as proxies for political costs.We find that political costs are negatively related to earnings management in listed real estate firms.In addition,we find that non-state-owned enterprises utilized more income-decreasing accruals during this period.Our results are consistent with the political costs hypothesis.

  6. Macro-control Polices on the Real Estate Market: 08 vs. 09

    Institute of Scientific and Technical Information of China (English)

    Zhao Yan

    2009-01-01

    @@ 2008 is a year full of policy changes for the real estate market. On the one hand, real estate policies were launched one after another,most frequent in recent years. On the other hand, a major policy shift was emerging, most evident in financial and fiscal policies.Macro-control policies are meant to lunctlon as a [001 ior reverse regulation. When the market is overheated, macro policies are used to cool it down; when the market is down, they are used to stimulate its development. At present, the central government has basically confirmed its stand to help the real estate market out. If the market remains down in near future, more favorable policies will be put in place.

  7. Contribution to the analysis of the Czech real-estate development market

    Directory of Open Access Journals (Sweden)

    Martina Procházková

    2008-01-01

    Full Text Available Czech economy went through a substantial transformation in last two decades affecting business environments of all fields. This paper presents partial results of the Czech development market ana­ly­sis. It explains the characteristics of real-estate development, real-estate development market and the complexity of the real-estate development process, including market research, site selection (using feasibility analysis, due diligence, property acquisition, project design, obtaining entitlements, financing, construction, lease-up or sale or operation, if the project is retained as and asset.The significant growth in last decade of the analyzed market is slowing down due to current greater circumspection of banks when providing credits for new development projects, drop of real pro­per­ty prices in Western Europe and at the same time greater revenues from real properties in Eastern Europe. The inhibition of the investment in commercial real property (both what number of transactions concerns, and total volume of investment is influenced by so-called mortgage crisis on the U. S. and British real estate market. In Czech market, the factors are reflected in a number of respects.The paper suggests future steps of the intended research, focus on identification of factors affecting decision-making process when preparing real-estate development project, finding interrelationships among these factors, quantification and setting weight of the factors, creation of a decision-making process model and its test on a real case. The model should contribute to decrease waste of time and money investment in these feasibility calculations by providing a tool which helps pre-select projects with higher chance of success in earlier phase.

  8. METHODS OF CALCULATING DISCOUNT AND CAPITALIZATION RATES TO VALUATING REAL ESTATE IN ACCORDANCE WITH MARKETS CONDITIONS

    Directory of Open Access Journals (Sweden)

    L. Chubuk

    2013-09-01

    Full Text Available The existent methods of determination of the discount and capitalization rates for the valuation of the profitable real estate are analyzed from point of their prevalence, advantages and lacks of application. The alternative methods for setting the discount rates are selected (Galasyuk’s method. There are resulted recommendations in relation to approaching calculated size of the discount and capitalization rates to the real market information. In particular, expansion of the use of actually attained level of the expected return on the invested capital is offered. The actual values of capitalization rates on the office, commercial, ware-house real estate market in the capital of Ukraine are examined for period from 2008 to 2013, which evidence of considerable changeability of investment return indexes. There is confirmed the necessity of increasing the size of corrections in supply price to the level 18-20% for calculation of the capitalization rates after the method of market extraction. There is also propagates the account of additional market factors at the construction of recapitalization rates after the Invud’s method: annual growth (decline of leasing rates that are obtained from the profit real estate object; annual growth (decline of cost of the real property object; a percent of diminishing of cost of the real estate object in result of all kinds of depreciation (when residual value differ from a zero.

  9. Real Estate in Chongqing as a Pillar Industry: A Quantitative Analysis

    Institute of Scientific and Technical Information of China (English)

    XIANG Wei-min; REN Hong

    2007-01-01

    The definition of pillar industry is stated and its indicators, including the proportion of added value in the GDP, the degree of industry correlation, the income elasticity of demand, and the growth rate of employment will be discussed.And then index weighing is determined based on the degree of importance.The result of the quantitative analysis of real estate industry in Chongqing suggests that its first three evaluating indicators live up to the index requirement of a pillar industry while its degree of industry correlation is not satisfactory.An overall evaluation indicates that the real estate industry in Chongqing meets the requirements of pillar industry.

  10. DEVELOPMENT OF TYPES OF FORMATION OF ORGANIZATIONAL AND TECHNOLOGICAL SYSTEM OF REAL ESTATE RECONSTRUCTION

    Directory of Open Access Journals (Sweden)

    D. A. Drapalyuk

    2011-02-01

    Full Text Available Problem statement. Basic issues of formation of organizational and technological system of real estate reconstruction are considered in the context of multi-criteria selection of optimum organiza-tional and technological solutions, with the most stable type being chosen.Results and conclusions. Specific characteristics of reconstruction objects are classified in close detail, which makes it possible to differentiate three types of formation of organizational and technological system, a combined type being preferred. Consideration of the combined type as the subject of investigation allows the generalized model of related organizational and technological systems formation to be formalized at real estate reconstruction.

  11. On the Real Estate Marketing Strategy%浅谈房地产营销策略

    Institute of Scientific and Technical Information of China (English)

    左石华; 苏小林

    2013-01-01

    The marketing strategy is a key factor to increase market share and cultivate brand loyalty. To recognize the main problems of the current real estate marketing, propose combination and innovation of real estate marketing strategy.%  营销策略是提高市场占有率和培育品牌忠诚度的关键因素。认清当前房地产营销存在的主要问题,提出房地产营销策略的组合和营销策略的创新。

  12. Energy-information dissemination into the real-estate industry. Draft final report

    Energy Technology Data Exchange (ETDEWEB)

    Isakson, H.R.

    1979-06-01

    A description is presented of a set of nine slide/tape programs and two sets of overhead transparencies that were developed to accompany earlier designed curriculum for real estate professionals. The present project includes the development of standardized implementation procedures for use by energy extension service offices and an instructor's manual designed to integrate use of the slide/tape programs and overhead transparencies with the textbook, Making the Most of Energy in Real Estate, which was developed earlier. (MCW)

  13. The analysis of capital structure of Chinese real estate listed companies

    Institute of Scientific and Technical Information of China (English)

    LI Peng-yan; LUO Qing-sheng; AO Li-feng

    2005-01-01

    Capital structure is the basis for assessing the efficiency of enterprise financing activity. The rational capital structure could reduce the cost of capital and plays an important role in managing a company. Thus this paper, based on the real estate listed companies on Shenzhen and Shanghai stock markets, analyzes the factors which influence capital structure, such as profitability, size, collateral value of assets, growth, stockholder's equity, concentration degree of control power, ownership attribute, and applied statistics tools used to help the real estate listed companies optimize the structure of capital.

  14. Applications of Real Options in the Real Estate Market Focusing the City of Rio de Janeiro

    Directory of Open Access Journals (Sweden)

    Priscilla Yung Medeiros

    2003-06-01

    Full Text Available An investment opportunity in the real state market can be compared with an option and, because of this analogy, we can make use of the real options theory to determinate not only the best timing to begin a new property development, but also to determine the optimal density to develop in a specific property. To investigate these two main decisions, we are going to base our research on the model developed by Williams (1991 and extend it in a way to include taxes and a discount in the net cash inflow caused by the times spent in the construction process. An empirical analysis of the of the residential real estate market in the city of Rio de Janeiro is going to be developed in a way to verify the compatibility of the theoretical model developed here according to the reality of this market. We found that the extensions proposed to the basic model of Williams (1991 had significant effects in the theoretical model. We could also confirm empirically that the theoretical results are compatible to the reality of this market.

  15. 17 CFR 210.12-23 - Mortgage loans on real estate and interest earned on mortgages. 1

    Science.gov (United States)

    2010-04-01

    ... item of mortgage loans on real estate investments has been written down or reserved against pursuant to... 17 Commodity and Securities Exchanges 2 2010-04-01 2010-04-01 false Mortgage loans on real estate... SECURITIES AND EXCHANGE COMMISSION FORM AND CONTENT OF AND REQUIREMENTS FOR FINANCIAL STATEMENTS, SECURITIES...

  16. 12 CFR Appendix A to Part 365 - Interagency Guidelines for Real Estate Lending Policies

    Science.gov (United States)

    2010-01-01

    ... and type of the project or property: • Requirements for feasibility studies and sensitivity and risk... total of such loans approaches these levels. 2 For the state member banks, the term “total capital... capital loans, where the lender does not rely principally on real estate as security and the extension...

  17. 12 CFR Appendix C to Part 208 - Interagency Guidelines for Real Estate Lending Policies

    Science.gov (United States)

    2010-01-01

    ... or property: • Requirements for feasibility studies and sensitivity and risk analyses (e.g... total of such loans approaches these levels. 2 For the state member banks, the term “total capital... capital loans, where the lender does not rely principally on real estate as security and the extension...

  18. 26 CFR 1.1402(a)-4 - Rentals from real estate.

    Science.gov (United States)

    2010-04-01

    ... some phase of a crop production activity. In effect, H has complete charge of the management of farming... included in determining net earnings from self-employment; the rentals from the real estate held for..., there shall be included in determining net earnings from self-employment for taxable years ending...

  19. Proceedings of BUILDEX 2001 environmental symposium : environmental and energy trends impact commercial real estate

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-02-01

    Among the real estate industry events held in Western Canada over the course of a year, BUILDEX is the largest. In excess of 550 exhibitors and 6,000 delegates attended the event for the thirteenth year. BUILDEX is comprised of a variety of events, and the star of the show was the Environmental Symposium, with the emphasis placed on energy and environmental trends and their impact on commercial real estate. The symposium began with a luncheon, where the keynote address was delivered by Doctor David Suzuki, followed by an address by the Greater Vancouver Regional District Board Chair. Top executives from commercial real estate companies attended the luncheon, representing a business worth in excess of 7 billion dollars in British Columbia. A panel discussion touching on topics such as energy consumption, the effects of global climate change on the industry and others followed. The relationships between buildings, energy consumption, air quality and climate change were explored, and the various initiatives implemented at the national, provincial and local levels that address the role of buildings from that perspective were outlined. It provided an opportunity to broaden the dialogue and raise awareness about the issues, as well as demonstrating leadership within the real estate industry. refs., tabs., figs.

  20. LOUISIANA STUDY OF MANPOWER AND TRAINING NEEDS IN FINANCE, INSURANCE, AND REAL ESTATE OCCUPATIONS.

    Science.gov (United States)

    WOFFORD, T.B.

    TO DETERMINE THE EMPLOYMENT OPPORTUNITIES AND TRAINING NEEDS IN THE FINANCE, INSURANCE, AND REAL ESTATE INDUSTRY OF LOUISIANA, DATA WERE OBTAINED FROM PERSONAL INTERVIEWS OF 102 FIRMS REPRESENTING 25.4 PERCENT OF THE INDUSTRY AND EMPLOYING 7,849 WORKERS. FINDINGS INCLUDED--(1) IN 1965, 30,843 PERSONS WERE EMPLOYED IN 56 DIFFERENT JOBS OR…

  1. Application based on ArcObject inquiry and Google maps demonstration to real estate database

    Science.gov (United States)

    Hwang, JinTsong

    2007-06-01

    Real estate industry in Taiwan has been flourishing in recent years. To acquire various and abundant information of real estate for sale is the same goal for the consumers and the brokerages. Therefore, before looking at the property, it is important to get all pertinent information possible. Not only this beneficial for the real estate agent as they can provide the sellers with the most information, thereby solidifying the interest of the buyer, but may also save time and the cost of manpower were something out of place. Most of the brokerage sites are aware of utilizes Internet as form of media for publicity however; the contents are limited to specific property itself and the functions of query are mostly just provided searching by condition. This paper proposes a query interface on website which gives function of zone query by spatial analysis for non-GIS users, developing a user-friendly interface with ArcObject in VB6, and query by condition. The inquiry results can show on the web page which is embedded functions of Google Maps and the UrMap API on it. In addition, the demonstration of inquiry results will give the multimedia present way which includes hyperlink to Google Earth with surrounding of the property, the Virtual Reality scene of house, panorama of interior of building and so on. Therefore, the website provides extra spatial solution for query and demonstration abundant information of real estate in two-dimensional and three-dimensional types of view.

  2. 12 CFR Appendix A to Subpart D of... - Interagency Guidelines for Real Estate Lending

    Science.gov (United States)

    2010-01-01

    ... that should be considered include: • The size and financial condition of the institution. • The... institution should monitor conditions in the real estate markets in its lending area so that it can react... limits, each lender is expected to carefully consider the institution-specific and market factors...

  3. Growing the Greater Campus: The Use of Institutionally Related Foundations in Real Estate Activities

    Science.gov (United States)

    Sullivan, Kevin G.; Malone, Jason B.

    2015-01-01

    Public colleges and universities have long turned to institutionally related foundations ("IRFs") to raise private support and manage endowments and other financial assets. From the start, however, IRFs have also served as vehicles enabling public institutions to engage in real estate transactions and related entrepreneurial ventures…

  4. The Assessment of Real Estate Initiatives to Be Included in the Socially-Responsible Funds

    Directory of Open Access Journals (Sweden)

    Fabrizio Battisti

    2017-06-01

    Full Text Available The acknowledgment of the ongoing economic and financial crisis involving real estate, creates the need to formulate proposals and scenarios (in real estate with the characteristics of socially responsible investments. These kind of investments aim towards “sustainable” development both environmentally (safeguarding the shortage of resources such as land, energy, and natural elements, and socially (protecting the population and raising its level of well-being according to so-called “ethical finance”, instead of a mere “speculative” investment. Effectively, real estate is still an investment sector only marginally explored by the socially-responsible funds. Based on these premises, this paper will: (i briefly analyze the nature of socially-responsible investments, setting their characteristics apart from “traditional investments”; and (ii propose a possible procedure (of the multi-criteria type which aims to assess socially-responsible investments in real estate. This will be applied to a case study regarding a social housing initiative in the municipality of Anguillara Sabazia (Rome, Italy.

  5. TIAA's Commercial Mortgage and Real Estate Investments: The Case for Financial Disclosure.

    Science.gov (United States)

    Garrigan, Richard T.; Jones, Thomas W.

    1992-01-01

    The Teachers Insurance and Annuities Association (TIAA) is criticized for inadequate financial disclosure of its mortgage and real estate investments, especially in the current market. A TIAA vice president responds that the company has not been remiss in reporting changes to its constituents and outlines its present financial status. (MSE)

  6. Growing the Greater Campus: The Use of Institutionally Related Foundations in Real Estate Activities

    Science.gov (United States)

    Sullivan, Kevin G.; Malone, Jason B.

    2015-01-01

    Public colleges and universities have long turned to institutionally related foundations ("IRFs") to raise private support and manage endowments and other financial assets. From the start, however, IRFs have also served as vehicles enabling public institutions to engage in real estate transactions and related entrepreneurial ventures…

  7. 75 FR 33987 - Disposing of Unneeded Federal Real Estate Increasing Sales Proceeds, Cutting Operating Costs, and...

    Science.gov (United States)

    2010-06-16

    ... Documents#0;#0; ] Memorandum of June 10, 2010 Disposing of Unneeded Federal Real Estate-- Increasing Sales... year 2012, yielded from increased proceeds from the sale of assets and reduced operating, maintenance... footprint by capitalizing on innovative technologies to increase efficiencies. However, during that same...

  8. Real Estate Market Trends and the Displacement of the Aged: Examination of the Linkages in Manhattan.

    Science.gov (United States)

    Singelakis, Andrew Thomas

    1990-01-01

    Analyzed real estate market trends of low-income area of Manhattan which revealed increases in residential property values. Results revealed a depletion of over one-half of the single-room-occupancy stock. A survey of seniors (n=115) indicated a population at risk of displacement and vulnerable to homelessness. (Author/ABL)

  9. 76 FR 70680 - Small Business Size Standards: Real Estate and Rental and Leasing

    Science.gov (United States)

    2011-11-15

    ... ADMINISTRATION 13 CFR Part 121 RIN 3245-AG28 Small Business Size Standards: Real Estate and Rental and Leasing... Leasing. As part of its ongoing comprehensive review of all size standards, SBA has evaluated all size... industry and Federal contracting factors for ``Leasing of Building Space to Federal Government by...

  10. Portfolio Diversification and Return Benefits--Common Stock vs. Real Estate Investment Trusts (REITs)

    OpenAIRE

    James L. Kuhle

    1987-01-01

    This research examines the effects of diversification on the reduction of total portfolio risk in real estate investment trusts (REITs) and mixed-asset portfolios. In addition, overall performance measures are calculated and compared among REIT, common stock, and mixed-asset portfolios.

  11. Aligning corporate real estate with the corporate strategies of higher education institutions

    NARCIS (Netherlands)

    Beckers, Ronald; van der Voordt, Theo; Dewulf, Geert P.M.R.

    2015-01-01

    Purpose – The purpose of this paper is to explore how corporate real estate (CRE) managers of higher education institutions formulate their CRE strategies and CRE operating decisions to align CRE with the corporate strategies of these institutions. Design/methodology/approach – An analytical

  12. The Real Estate and Economic Crisis: An Opportunity for Urban Return and Rehabilitation Policies in Spain

    Directory of Open Access Journals (Sweden)

    Jesús M. González Pérez

    2010-06-01

    Full Text Available In the early 1980s, suburbanization and periurbanization processes became widespread in major cities within Spain. An interesting stage of returning to city centers commenced that materialized in the start of rehabilitation policies within historic centers. These processes coincided with weak population growth, an acute industrial economic crisis, and new democratic policies in municipal councils. Three decades later, we may be witnessing similar processes, although with different origins. The consequences of a construction-based economic model have been disastrous in Spain, from both an economic as well as an environmental point of view. The artificial land boom was significant throughout the country, but was especially prominent within the Mediterranean areas that specialize in tourism and real estate (second homes. The burst of the real estate bubble has shown the irrationality of the economic model and the serious social and environmental consequences that the model has entailed. Within this context, some of the territorial transformation processes that occurred in Spain during the real estate boom period are being studied for the first time. Additionally, changes in land policies (urban renewal of centers and urban renewal in general within the current economic and real estate crisis are analyzed. An urban rehabilitation that gradually includes new spaces for intervention and for introducing new sustainable methods for recovering degraded spaces, such as the Master Plan for Platja de Palma, a mature tourism destination that seeks a final ‘0 CO2 balance’ scenario, among other objectives.

  13. Building for a better hospital: Value-adding management & design of healthcare real estate

    NARCIS (Netherlands)

    Van der Zwart, J.

    2014-01-01

    Recent deregulation of laws on hospital real estate in the Netherlands implies that healthcare institutions have more opportunities to make independent accommodation choices, but at the same time have themselves become responsible for the risks associated with the investment. In addition, accommodat

  14. Criminal Intent with Property: A Study of Real Estate Fraud Prediction and Detection

    Science.gov (United States)

    Blackman, David H.

    2013-01-01

    The large number of real estate transactions across the United States, combined with closing process complexity, creates extremely large data sets that conceal anomalies indicative of fraud. The quantitative amount of damage due to fraud is immeasurable to the lives of individuals who are victims, not to mention the financial impact to…

  15. Uncertainty management in real estate development: studying the potential of the SCRUM design methodology

    NARCIS (Netherlands)

    Blokpoel, S.B.; Reymen, I.M.M.J.; Dewulf, G.P.M.R.

    2005-01-01

    Real estate development is all about assessing and controlling risks and uncertainties. Risk management implies making decisions based on quantified risks to execute riskresponse measures. Uncertainties, on the other hand, cannot be quantified and are therefore unpredictable. In literature, much att

  16. Spatially varying coefficient models in real estate: Eigenvector spatial filtering and alternative approaches

    NARCIS (Netherlands)

    Helbich, M; Griffith, D

    2016-01-01

    Real estate policies in urban areas require the recognition of spatial heterogeneity in housing prices to account for local settings. In response to the growing number of spatially varying coefficient models in housing applications, this study evaluated four models in terms of their spatial patterns

  17. Tourism turning real estate: how to deal with residential tourism investment in the Global South?

    NARCIS (Netherlands)

    van Noorloos, F.

    2014-01-01

    Key points - Incentivising residential tourism and real estate investment in the South [of: in developing countries] may compromise long-term inclusive and sustainable development: shortterm tourism is often preferable from a socioeconomic and environmental point of view. - Specific residential tour

  18. 17 CFR 210.12-28 - Real estate and accumulated depreciation. 1

    Science.gov (United States)

    2010-04-01

    ... depreciation. 1 210.12-28 Section 210.12-28 Commodity and Securities Exchanges SECURITIES AND EXCHANGE... § 210.12-28 Real estate and accumulated depreciation. 1 Column A—Description 2 Column B—Encumbrances... Land Buildings and improvements Total Column F—Accumulated depreciation Column G—Date of...

  19. 78 FR 717 - ENE (Environment Northeast); Greater Boston Real Estate Board; National Consumer Law Center...

    Science.gov (United States)

    2013-01-04

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission ENE (Environment Northeast); Greater Boston Real Estate Board; National Consumer Law Center; NEPOOL Industrial Customer Coalition; v. Bangor Hydro-Electric Company; Central Maine Power Company; New England Power Company...

  20. Fondos inmobiliarios y riesgo urbano./ Real estate funds and urban risk

    Directory of Open Access Journals (Sweden)

    Antonio Daher

    2013-04-01

    Full Text Available La relación entre fondos de inversión inmobiliaria y riesgo urbano es compleja: el riesgo del sector inmobiliario-financiero incrementa la vulnerabilidad urbana, y la sustentabilidad de las ciudades es más dependiente del riesgo de ese sector que éste del riesgo urbano y del riesgo país. La suerte de las economías nacionales está muy asociada a la suerte de las ciudades y la del riesgo supranacional global a la del riesgo subnacional urbano. El riesgo financiero-inmobiliario se ha multiplicado por la financiarización: los fondos inmobiliarios transnacionales y la gran movilidad geográfica de capitales, por su alta y selectiva concentración metropolitana, inducen la inflación de burbujas y las crisis, afectando la sustentabilidad urbana, nacional e incluso global. La financiarización no sólo es inmobiliaria: se trata de una amplia “financiarización urbana” que incluye –como en la crisis subprime- la vivienda social, y que agudiza las disparidades e inequidades territoriales./ The association between real estate funds and urban risk is complex; financial uncertainty of real estate development increases urban vulnerability and negatively affects the sustainability of cities. However, the relation is not reciprocal, since the impact that urban risk, and the reliability of national economies have on real estate development is relatively low. The success of national economies depends on the specific conditions of a country’s cities, and the success of global supranational risk is closer to urban subnational risk. The financial risk of real estate development has increased because of financialisation. As the metropolitan concentration is high and selective, transnational real estate funds, along with the geographical mobility of capital, propel the growth of real estate bubbles and crisis, making a big impact on sustainability at many levels –urban, national and even global-. Financialisation is not just a real estate

  1. Building for a better hospital. Value-adding management & design of healthcare real estate

    Directory of Open Access Journals (Sweden)

    Johan van der Zwart

    2014-09-01

    Full Text Available Recent deregulation of laws on hospital real estate in the Netherlands implies that healthcare institutions have more opportunities to make independent accommodation choices, but at the same time have themselves become responsible for the risks associated with the investment. In addition, accommodation costs have become an integral part of the costs of healthcare. This sheds new light on the alignment between the organisation of healthcare and accommodation: care institutions themselves bear the risk of recouping their investment in real estate and high accommodation costs lead to higher rates for healthcare compared to competing institutions.In this thesis, the ideas and concepts of Corporate Real Estate Management 
(CREM are examined in terms of the contribution they could make to the process
of accommodation decision by using recent cases in Dutch hospitals. CREM can be defined as the management of the real estate portfolio of a corporation by aligning the portfolio and services with the needs of the core business in order to obtain maximum added value for the business and an optimal contribution to the overall performance of the organisation. This definition assumes that accommodation can add value to the organisation and contribute to its overall achievement. Elaborating on the added value of real estate in addition to quantifying these added values and making them applicable to hospital real estate management is therefore central to this study. The added values determine the transition between the different phases in the cycle of the initiation, design, construction and occupancy of the accommodation. In addition, the added value of real estate functions as a common language between the disciplines involved in the design and construction of hospital accommodation, such as the healthcare institution, healthcare manager, real estate manager and architect.In four sub-studies (1 Context, (2 Management, (3 Value and, (4 Design several

  2. Construction and the Analysis of the Models of Mass Appraisal of Residential Real Estate in Riga and Daugavpils

    Directory of Open Access Journals (Sweden)

    Oksana Ruzha

    2013-01-01

    Full Text Available Mass appraisal of real estate is one of the most classical economic tasks in accomplishing of which econometric modeling is successfully applied. The following article dwells upon three models used for estimating the commercial value of residential real estate. For the purposes of the research the market of residential real estate of two cities (i.e. capital of Latvia - Riga and the regional centre – Daugavpils has been studied. The statistical analysis of the sales data for 2010-2011 has allowed distinguishing pricing factors of the residential real estate, both at the regional level, and at the level of a building and object of real estate. Modeling was conducted with the use of correlation and regression and cluster analyses. The additive and multiplicative models based on the regression equation and the model of the cluster analysis based on the method of parallel sectioning have been presented

  3. NOTATION TOOLS OF BUSINESS MODELING OF THE SERVICES ON REAL ESTATE MARKET

    Directory of Open Access Journals (Sweden)

    Mishlanova Marina Yur’evna

    2016-04-01

    Full Text Available The article is devoted to the development of the main provisions of realtor business modeling. In the paper the development of notational complex is presented, which is involved in the design of the conceptual model, the formation of a reference model of real estate business and basic rules for the implementation of the model. In the construction of the proposed model important notational aspects are highlighted. Functional orientation of real estate business for rendering services reflects a functional approach to business modeling. In order to ensure the assessment of the offered services it is proposed to implement a nested model of the object. A reasonable functional approach using object-based elements allows optimizing the processes of business modeling and assessment of the results. The article discusses functional modeling of business, focusing on the results. Synchronizing the functional model with the models of business processes and sub-models of objects, in particular, the model of business result, contributes to the improvement of the notations tools. The article presents the adaptation of the template of the business model to the conditions of the realtor activity. The proposed reference model specifies the logical scheme of decomposition activity, which detaches economic, social and other values. The decomposition of services into functional groups with account for individual values and functional modules is presented: buying and selling real estate; mortgages and loans; rent of residential and commercial property; an independent evaluation of real estate; consultations concerning the issues of real estate transactions. In the focus of the results of business processes and performance standards of realtor organizations transitional notation to the evaluation system efficiency of business performance is developed. The simplest method of feedback for assessing customer satisfaction and, consequently, system efficiency is offered

  4. Investigation of the Linkage among China’s Macroeconomy, Stock Market and Real Estate Market

    Directory of Open Access Journals (Sweden)

    Guo Jianhua

    2013-04-01

    Full Text Available As two important constituents of China’s macro economy, there are varieties relationships among the stock market, the estate market and China’s macro economy. In order to investigate these relationships, in this paper, especially with the Macroeconomic Boom Index reflecting China’s macro economy, we use cointegration theory and Granger analysis to demonstrate that there are long-term equilibrium relationship and bidirectional causality between the macro economy and the securities business, also between the macro economy and the real estate market, however, this kind of extended Equilibrium relationship and bidirectional causality appears very weak.

  5. How Strong are the Linkages between Real Estate and Other Sectors in China?

    OpenAIRE

    Wenlang Zhang; Gaofeng Han; Steven Chan

    2014-01-01

    International experience points to the critical role of stable property markets in maintaining financial stability. In China, the real estate sector has become increasingly important for the economy, but existing evidence has likely understated its importance as its linkages with other sectors have not been taken into account. This paper attempts to shed some light on these linkages which occur through both real and financial channels. Our analysis based on input-output tables shows that the ...

  6. How Strong are the Linkages between Real Estate and Other Sectors in China?

    OpenAIRE

    Wenlang Zhang; Gaofeng Han; Steven Chan

    2014-01-01

    International experience points to the critical role of stable property markets in maintaining financial stability. In China, the real estate sector has become increasingly important for the economy, but existing evidence has likely understated its importance as its linkages with other sectors have not been taken into account. This paper attempts to shed some light on these linkages which occur through both real and financial channels. Our analysis based on input-output tables shows that the ...

  7. INTER-INDUSTRY AND INTRA-INDUSTRY COMMUNICATION NORMS OF THE CIVIL LAW, ESTABLISHING THE LEGAL REGIME OF DANGEROUS OBJECTS OF THE REAL ESTATE

    Directory of Open Access Journals (Sweden)

    Abramov V. V.

    2014-04-01

    Full Text Available This article is devoted to legal regulation especially dangerous objects of the real estate. The paper discusses the various legal links between the different sources of law, establishing the legal status of such real estate objects

  8. Modeling House Pricing in the Real Estate Market of São Paulo City

    Directory of Open Access Journals (Sweden)

    Carla Jucá Amrein

    2011-06-01

    Full Text Available edonic modeling has become a benchmark for pricing real assets with several intrinsic characteristics. This work tests also others dimensions for asset pricing: the quality of life in the housing neighborhood and macroeconomic variables. The data is about the real estate market in São Paulo city from January 2001 to March 2008. The main results were: the longer the maturity of mortgage financing, the larger the housing price, but decreasing interest rate spread stimulate the real estate market, and the interactions between the dummy for the boom period and either housing characteristics or bank interest rates spread show that the hedonic model loses its relative importance for pricing, while market risk variables become much more relevant. Thus, these new findings suggests that for modeling a house price index it is not sufficient to consider only average prices or a hedonic approach, but both the market and credit risks as well.

  9. Governance and Real Estate Markets Performance in Nigeria: Are They Related?

    Directory of Open Access Journals (Sweden)

    Kazeem Bello Ajide

    2014-09-01

    Full Text Available Governance has been identified as a key determining variable capable of influencing the performance of any economy activity. On this note, the study undertakes to investigate the relationship between governance and the real estate markets performance in Nigeria. The study employs ARDL methodology of Bound Testing Approach for the quarterly series spanning 1996Q1 to 2010Q4. Of the variables considered, the prominent role of real GDP and governance index were clearly brought to fore both in the short and long run while that of inflation and interest rates were less pronounced statistically. The result of ECM further accentuates connection between governance and the real estate market through the establishment a stable long run relationship between them. In the final analysis, a few policy prescriptions are advice for the attention of all stakeholders in the built environment.

  10. Analysis of the Adequacy of Cadastral Value of Real Estate Market Conditions (on the Example of the Volgograd Region

    Directory of Open Access Journals (Sweden)

    Oleg Vladimirovich Likhomanov

    2016-10-01

    Full Text Available The authors analyze the problem of the relationship of local authorities with owners and tenants of real estate taxation and rents. The conclusion is made about the negative impact of exclusion of independent appraisers from the process of cadastral valuation of real estate. The proposed amendment to the draft law “On state cadastral evaluation” changes in the structure of the Commission on dispute resolution, which in addition to representatives of administrations of municipalities should include representatives of the business community and independent evaluators in equal proportions. It is recommended to develop less longlasting mechanism for dealing with disputes about the size of the cadastral value of real estate in the commissions and courts, returning powers from the courts of common use in arbitration courts, as well as to make decision which would make the processes more transparent and objective. For the calculation of the taxable base of real estate it is proposed to use two different systems of determining the cadastral value of real estate: for objects of taxation on which there is a civil turnover on the real estate market (residential, trading and business centers, offices, commercial facilities and catering facilities based on the market value of real estate; for objects of taxation on which there is no civil, there is no market data about similar transactions (industrial buildings and structures, objects of incomplete construction, agricultural, and other buildings, through the establishment of cadastral value of the normative legal acts of bodies of state and municipal authorities.

  11. 17 CFR 239.18 - Form S-11, for registration under the Securities Act of 1933 of securities of certain real estate...

    Science.gov (United States)

    2010-04-01

    ... under the Securities Act of 1933 of securities of certain real estate companies. 239.18 Section 239.18... Securities Act of 1933 of securities of certain real estate companies. This form shall be used for registration under the Securities Act of 1933 of (a) securities issued by real estate investment trusts, as...

  12. 26 CFR 1.6045-4 - Information reporting on real estate transactions with dates of closing on or after January 1, 1991.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 13 2010-04-01 2010-04-01 false Information reporting on real estate... Information Returns § 1.6045-4 Information reporting on real estate transactions with dates of closing on or... (d) of this section, a real estate reporting person (“reporting person”) must make an information...

  13. Market Efficiency, Uncertainty And Risk Management in Real Estate Valuation – How Hedonics May Help

    Directory of Open Access Journals (Sweden)

    François Des Rosiers

    2013-08-01

    Full Text Available The 2007-2008 subprime mortgage crisis has profoundly modified the way investment and management risks are perceived by economic agents. In particular, both private and institutional players in the property sector are now being compelled to follow more stringent rules and to display greater transparency in their management of risk issues and of lending practices. In that context, analytical tools based on statistics and econometric modelling are increasingly resorted to as risk-containment devices. The purpose of the paper is to look at how real estate appraisal practitioners and related professionals may benefit from a greater recourse to statistics and, more precisely, to econometric modelling, in their search for market value. As brought out in the real estate literature, the very definition of market value lends itself to a statistical approach, the latter reaching its full meaning with the hedonic price (HP method which is shown to be an extension of the traditional sales comparison approach.

  14. Real estate market and building energy performance: Data for a mass appraisal approach.

    Science.gov (United States)

    Bonifaci, Pietro; Copiello, Sergio

    2015-12-01

    Mass appraisal is widely considered an advanced frontier in the real estate valuation field. Performing mass appraisal entails the need to get access to base information conveyed by a large amount of transactions, such as prices and property features. Due to the lack of transparency of many Italian real estate market segments, our survey has been addressed to gather data from residential property advertisements. The dataset specifically focuses on property offer prices and dwelling energy efficiency. The latter refers to the label expressed and exhibited by the energy performance certificate. Moreover, data are georeferenced with the highest possible accuracy: at the neighborhood level for a 76.8% of cases, at street or building number level for the remaining 23.2%. Data are related to the analysis performed in Bonifaci and Copiello [1], about the relationship between house prices and building energy performance, that is to say, the willingness to pay in order to benefit from more efficient dwellings.

  15. Real estate capitalization of Public Administration Institutions - a chance to stimulate investment and increase economic competitiveness

    Directory of Open Access Journals (Sweden)

    Ionut Constantin

    2012-12-01

    Full Text Available The divide in the development of the different European space regions, is exemplified by the different ability to attract investments between rural and urban areas. Urban areas usually assure to investors a broad availability of structures and services that rural areas cannot offer. Another limiting factor for rural areas is the difficulty the enterprises which want to localize their structures outside the urban area meet when they try to find information about the quantity and the quality of the available structures. This penalization affects also the unused real estates of the public administration institutions; these real estates could represent for the investors an important opportunity to improve area’s resources, meeting some forms of converging collaboration with the public administration institutions. POLYINVEST project aims at improving conditions for investment in the rural areas, directly tackling the development gap between the regions of the South East Europe and to develop an information system useful for those public administration institutions.

  16. Employee Turnover Impact in Organizational Knowledge Management: The Portuguese Real Estate Case

    Directory of Open Access Journals (Sweden)

    Filipe FIDALGO

    2012-04-01

    Full Text Available Organizations make large investment on their employees concerning the training, developing, maintaining and the efforts to retaining them. Employee turnover is one of the most important issues to organizations, and one that needs special attention. This problem is even more relevant when business processes are less depending from machinery and heavily rely on human relationships, being real estate business one such good example. With the globalization phenomena, greater competition and economic crises, real estate organizations must provide and constantly innovate services which are based on strategies created by employees. Knowledge must be retained, in a way that it can be stored and disseminated through the organization. This paper examines the impact of employee turnover, and proposes a conceptual model based on a knowledge management approach supported by information and communication technologies on how to minimize the impact of employee turnover in organizations. The research used Grounded Theory to inform the model.

  17. The Portuguese residential real estate market: An evaluation of the last decade

    Directory of Open Access Journals (Sweden)

    Tavares de Oliveira Fernando A.

    2014-01-01

    Full Text Available This article presents an integrated vision of the context of the residential real estate market in Portugal. It analyses the evolution of several macroeconomic indicators during the last decade. The article is complemented with the analysis of the house prices, where an evaluation of average prices of apartments in Portugal according to different typologies and regions have been done. Regarding the market environment, several indicators are assessed, such as the evolution of interest rates, the evolution of households’ credit, the consumption and construction confidence indexes and the evolution of foreign direct investment in housing. The conclusion is that after a booming period, the future of the real estate market is somehow worrying.

  18. STRUKTUR PERUSAHAAN DAN PROFITABILITAS PADA INDUSTRI REAL ESTATE DAN PROPERTY DI INDONESIA

    Directory of Open Access Journals (Sweden)

    Fadjar O.P. Siahaan

    2017-03-01

    Full Text Available Real estate & property industry was a sector which had difficult characteristics to predict and high risk. WhenEconomy growth was high, it was booming and tended to be over supplied and the main capital was generallygot through bank loans. The purpose of this research was to analyze the impact of firm structure consisting ofthe firm size, firm age, capital structure, and stock ownership toward profitability measured using ROI andROE. The sample was selected using purposive sampling with 120 observations from 52 real estate & propertycompanies listed in Indonesian Stock Exchange in 2009 – 2011. By using multiple regression, the result of thisresearch showed that firm size had positive significant effect on ROI and ROE; firm age had negative significanteffect on ROI but it did not have significant effect on ROE; capital structure had positive significant effecton ROE but did not have significant effect on ROI; public ownership had negative significant effect on ROIand ROE.

  19. Assessing facade value - how clients make business cases in changing real estate markets

    Directory of Open Access Journals (Sweden)

    Alexandra Den Heijer

    2013-12-01

    Full Text Available Corresponding author: Dr. ir. Alexandra den Heijer, Delft University of Technology (TU Delft, Faculty of Architecture and the Built Environment, Department of Real Estate & Housing, Julianalaan 134, 2628 BL Delft, The Netherlands. Tel.: +31 15 278 4159; E-mail: a.c.denheijer@tudelft.nl RELEVANCE: The value of any intervention in the built environment is most relevant for the stakeholders that are investing in it. For them all costs need to be balanced with benefits - not necessarily directly financial, but adding value to the performance of the accommodated organization. Business cases contain performance criteria like competitive advantage (branding the organization, productivity (optimally supporting users of the building, profitability (on organizational level and sustainable development (monitoring the ecological footprint. In the changing real estate markets – from supply-driven to demand-driven and with increasingly higher vacancy rates – priorities in decisions about buildings have been shifting. PURPOSE: This paper elaborates on how (a the trends in real estate markets and (b changing priorities in decision making affect the quality demand for buildings and their facades. DESIGN/METHODOLOGY/APPROACH: This paper is based on research of the Real Estate Management chair in general (market analysis, transformation trends, conceptual frameworks and more specifically on decisions about university campuses in the past 10 years (14 campuses and 57 buildings assessed. FINDINGS: This paper provides both conceptual frameworks to assess the (added value of interventions in the built environment for the client and their (changing priorities in the brief for buildings and their facades

  20. THE MARKET VALUE OF THE REAL ESTATE IN A SIGNIFICANT DEVALUATION OF THE NATIONAL CURRENCY

    Directory of Open Access Journals (Sweden)

    VORONIN V. A.

    2016-02-01

    Full Text Available Raising of problem. The current state of the real estate market is characterized by high inflation and a significant devaluation of national currency. In markets with mixed prices impact of devaluation and inflation against the foreign currency have most complex nature and usually leads to slower growth in prices in local currency and partial de-dollarization of the market. Provided that the value of the real estate market is denominated in local and foreign currency, it is necessary to solve the problem of correspondence between these prices. With this condition must be satisfied that the market prices in local currency correspond to the state of the real estate market on the valuation date. Purpose. Development of the method, which should take into account the particular valuation procedures in determining the market value of the local currency in terms of the existence of high inflation and a significant devaluation. The study of this problem, especially for the markets of emerging economics, is an urgent and important task of applied economic analysis and, in particular, the theory and practice of evaluation as part of this analysis. Conclusion. To achieve this goal have been developed and used techniques and methods of applied economic analysis and, in particular, the theory and practice of evaluation as part of this analysis. Satisfactory agreement obtained values and the market rent rate, which are responsible of the real estate market in a significant devaluation of local currency, confirm the position that the correction in market conditions ("discount on the offer price" and "market conditions" must be done in determining the market value so and the market rent rate.

  1. New cities between sustainability and real estate investment: A case study of New Cairo city

    Directory of Open Access Journals (Sweden)

    Reham M. Hafez

    2017-04-01

    This research reviews the basis of development of the new cities. The influence of the real estate investment in some Arab countries, then it handles the case study – “New Cairo city”. Discussing all the investing factors made the city in its current status. Then comes the recommendations in a trial to get an alternative structure to achieve sustainability in light of the current determinants and growth stages.

  2. Testing for rational speculative bubbles in the Brazilian residential real-estate market

    OpenAIRE

    de Oliveira, Marcelo M; Almeida, Alexandre C. L.

    2014-01-01

    Speculative bubbles have been occurring periodically in local or global real estate markets and are considered a potential cause of economic crises. In this context, the detection of explosive behaviors in the financial market and the implementation of early warning diagnosis tests are of critical importance. The recent increase in Brazilian housing prices has risen concerns that the Brazilian economy may have a speculative housing bubble. In the present paper, we employ a recently proposed r...

  3. Complex Dynamics in a Nonlinear Cobweb Model for Real Estate Market

    Directory of Open Access Journals (Sweden)

    Junhai Ma

    2007-01-01

    Full Text Available We establish a nonlinear real estate model based on cobweb theory, where the demand function and supply function are quadratic. The stability conditions of the equilibrium are discussed. We demonstrate that as some parameters varied, the stability of Nash equilibrium is lost through period-doubling bifurcation. The chaotic features are justified numerically via computing maximal Lyapunov exponents and sensitive dependence on initial conditions. The delayed feedback control (DFC method is applied to control the chaos of system.

  4. A Framework for Integrating Value and Uncertainty in the Sustainable Options Analysis in Real Estate Investment

    OpenAIRE

    Bozorgi, Alireza

    2012-01-01

    Real estate professionals, such as investors, owner-occupants, and lenders who are involved in the investment decision-making process are increasingly interested in sustainability and energy efficiency investment. However, current tools and techniques, both technical and financial, typically used for assessing sustainability on their own are unable to provide comprehensive and reliable financial information required for making high-quality investment decisions. Sustainability investment often...

  5. Research on knowledge management contribution rate measurement for real estate enterprises

    Institute of Scientific and Technical Information of China (English)

    Shen Liangfeng; Deng Xiaolei

    2013-01-01

    Based on the improved method of Solow’s residual value,through the introduction of potential analy-sis method,a measurement model of enterprise knowledge management contribution rate (KMCR) is put forward in this paper,and is estimated by the performance measure of a real estate enterprise for implementing knowledge management (KM),then the results have shown that the model and the method have good feasibility.

  6. The Impact of Real Estate on the Terminal Wealth of the UK Mixed-Asset Portfolio

    OpenAIRE

    Byrne, Peter; Lee, Stephen

    2003-01-01

    The argument for the inclusion of real estate in the mixed-asset portfolio has concentrated on examining its effect in reducing the portfolio risk - the time series standard deviation (TSSD), mainly using ex-post time series data. However, the past as such is not really relevant to the long-term institutional investors, such as the insurance companies and pension funds, who are more concerned the terminal wealth (TW) of their investments and the variability of this wealth, the terminal wealt...

  7. Building for a better hospital: Value-adding management & design of healthcare real estate

    OpenAIRE

    Johan van der Zwart

    2014-01-01

    Recent deregulation of laws on hospital real estate in the Netherlands implies that healthcare institutions have more opportunities to make independent accommodation choices, but at the same time have themselves become responsible for the risks associated with the investment. In addition, accommodation costs have become an integral part of the costs of healthcare. This sheds new light on the alignment between the organisation of healthcare and accommodation: care institutions themselves bear ...

  8. Go up or down?-Look into the Real Estate Price After the Olympics

    Institute of Scientific and Technical Information of China (English)

    Janet Tang

    2008-01-01

    @@ 2008 Beijing Olympic Games to the Chinese is not only a unique event,but also will influence many aspects of China. To the real estate industry, the effect of the Olympic Games will play an important role in a short period. How about the effect to Beijing's housing price? Does it continue to go up or turn down? This is the main concern for majority of those in this industry and consumers.

  9. Macroeconomic Factors and the German Real Estate Market: A Stock-Market-Based Forecasting Experiment

    OpenAIRE

    Christian Pierdzioch

    2012-01-01

    Based on a recursive forecasting approach, this research studies whether macro- economic factors help to forecast excess returns on a real-estate-based German stock market index. Key findings are that macroeconomic factors are often included in the optimal forecasting model, that their relative importance often differs from their importance for forecasting a broad stock-market index, and that their informational content for forecasting excess returns seems to undergo temporal shifts. This res...

  10. The use of regression trees to the analysis of real estate market of housing

    OpenAIRE

    Jasińska, Elżbieta; Preweda, Edward

    2013-01-01

    Housing property can be described using a number of traits, some of which turn out to be difficult to express in numerical form. You can also use parameters which are not subject to explicit quantification. Belong to it selected location or membership of an exclusive building project, or opposed to a specific buyer reluctance of the complex. The attributes relevant to buyers may be disregarded just because of problems with their recognition in shaping market prices. A multitude of real estate...

  11. Assessing facade value - how clients make business cases in changing real estate markets

    Directory of Open Access Journals (Sweden)

    Alexandra den Heijer

    2013-12-01

    Full Text Available Relevance: The value of any intervention in the built environment is most relevant for the stakeholders that are investing in it. For them all costs need to be balanced with benefits - not necessarily directly financial, but adding value to the performance of the accommodated organization. Business cases contain performance criteria like competitive advantage (branding the organization, productivity (optimally supporting users of the building, profitability (on organizational level and sustainable development (monitoring the ecological footprint. In the changing real estate markets – from supply-driven to demand-driven and with increasingly higher vacancy rates – priorities in decisions about buildings have been shifting.Purpose: This paper elaborates on how (a the trends in real estate markets and (b changing priorities in decision making affect the quality demand for buildings and their facades.Design/methodology/approach: This paper is based on research of the Real Estate Management chair in general (market analysis, transformation trends, conceptual frameworks and more specifically on decisions about university campuses in the past 10 years (14 campuses and 57 buildings assessed.Findings: This paper provides both conceptual frameworks to assess the (added value of interventions in the built environment for the client and their (changing priorities in the brief for buildings and their facades.

  12. Determinants of voluntary carbon disclosure in the corporate real estate sector of Malaysia.

    Science.gov (United States)

    Kalu, Joseph Ufere; Buang, Alias; Aliagha, Godwin Uche

    2016-11-01

    Corporate real estate management holds the tent that risk which is not understood cannot be measured or managed. The effect of global warming on real estate investment and need for climate change mitigation through disclosures by companies of carbon emission information has becomes a sine-qua-non for the management of companies' carbon footprint and reducing its overall effect on global warming. This study applied the structural equation modeling technique to determine the determinants influencing Carbon Disclosure in Real Estate Companies in a developing economy. The analysis was based on 2013 annual reports of 126 property sector companies listed in Malaysia stock exchange market. The model was validated through convergent validity, discriminant validity, composite reliability and goodness of fit. The result reveals that social and financial market were critical determinant factors for carbon disclosure while the economic and institutional factors did not achieve significant effect on voluntary carbon disclosure. The result is consistent with legitimacy theory and agency theories. The implication of this finding is that increase in public education and awareness will enhance community demand for disclosure from companies and they will increase level of disclosure; also as financial institutions consider sustainability practice as a viable investment and term for credit financing, companies will be motivated to increase disclosure. Copyright © 2016 Elsevier Ltd. All rights reserved.

  13. PUBLIC PATRIMONY THE ESTIMATION OF THE FAIR VALUES ASSOCIATED TO REAL ESTATE COMPONENTS

    Directory of Open Access Journals (Sweden)

    Anton Petri or PARLAGI

    2009-12-01

    Full Text Available It aimed at estimating the fair value of the fixed assets as they are defined in the international valuation standards, particularly for public property. The fair value of land and buildings is usually their market value. For public patrimony, the method must consider also the net replacement cost when there are no possibilities of identifying a market value as that type of tangible assets is very rarely sold.  This paper proposes the use of social economic parameters for adjusting the fair value, with applicability only for public property evaluation. These parameters were determined based on Property Rights, Financing Correction, Selling Conditions, Market Conditions, Localization, Physical Characteristics, Economic Characteristics, Use, Non real estate Components of Value. Our analyses and opinions were based and developed according to the requirements of the standards of the International Valuation Standards Committee (IVSC2 and the working recommendations made by ANEVAR (National Association of evaluation agents in Romania. The purpose of the valuation report is the estimation of the fair values associated to real estate components of the public patrimony for accounting recording by the authorities, at year’s end, in accordance with the International Valuation Standards and International Financial Reporting Standards (IFRS. The valuation opinion must be analyzed in the general context of economy (at report date when the valuation operation takes place, of the development stage of the specific market (real estate and of the purpose of the valuation.

  14. Fuzzy Set-Based Risk Evaluation Model for Real Estate Projects

    Institute of Scientific and Technical Information of China (English)

    SUN Yijian; HUANG Rufu; CHEN Dailin; LI Hongnan

    2008-01-01

    With the rapid development of residential real estate market, risk evaluation has been an important task in the process of project. This paper describes a risk evaluation method for residential real estate pro- jects based on fuzzy set theory which uses linguistic variables and respective fuzzy numbers to evaluate the factors. The primary weights of factors and evaluation of alternatives are determined by applying linguistic variables and fuzzy numbers. The notion of Shapley value is used to determine the global value of each fac- tor in accomplishing the overall objective of the risk evaluation process, so the primary weights are revised, thus the importance of factors can be reflected more precisely. A major advantage of the method is that it al- lows experts and engineers to express their opinions on project risk evaluation in linguistic variables rather than cdsp values. An illustration is presented to demonstrate the application of the method in risk evaluation. The results are consistent with the results calculated by conventional risk evaluation method. The research demonstrates that the method is objective and accurate, and is of an application value in the risk evaluation for residential real estate project.

  15. Capital Asset Pricing Model: An application to the estimation of undivided real estate shares

    Directory of Open Access Journals (Sweden)

    Vincenzo Del Giudice

    2013-08-01

    Full Text Available The estimate of undivided and indivisible real estate shares, in relation to different building types represents, in practice application, a recurring underestimated by the professional appraisers. This problem requires finding a logical solution that can to rationalize the process the process of estimation of undivided shares, given that these shares are more difficult to sell and, consequently, there is a decrease of their market value. It follows that in this estimative case the problem can be lead, both in theoretical and practical terms, to assessment of specific real estate investment’s risk and how to convert the measure of risk into an expected return that can compensate it. In this framework, the proposed contribution aims to implement the Capital Asset Pricing Model with Penalized Spline Semiparametric Method in order to obtain an estimation algorithm that allows to rationalize the approach to the problem of estimation of undivided real estate shares using data easy to find.

  16. Residential Real Estate in Europe: An Exploration of Common Risk Factors

    Directory of Open Access Journals (Sweden)

    Druica Elena

    2015-12-01

    Full Text Available We conduct an exploratory analysis using proxy measures of cross-sectional returns and rental yields in residential real estate. Asset pricing models predict that expected returns should exhibit some sensitivity to one or several fundamental variables that represent a common source of undiversifiable risk. Residential real estate, just like works of art and collectibles, is unique because it represents both an investment vehicle and a durable consumption good. Its pricing and returns should thus reflect both the benefits from portfolio diversification and the effect of supply and demand. In this paper, we investigate the variation in proxy returns and proxy rental yields across 34 major European cities, using a handful of independent variables that should account for the influence of market risk, inflation, and liquidity. In spite of obvious limitations stemming from our sample, we find that the explanatory power of our model is unusually high for a cross-sectional data analysis. Some of our findings concur with other studies showing that in spite of strong segmentation, real estate markets respond to the same structural risk factors. A good portion of our results, however, is hard to explain and interpret. Either we need to take into account cultural differences between Eastern and Western Europe as part of a behavioral approach, or we have to concede that we have been misled by the mismatch in the level of aggregation and the crude estimation of the dependent variables.

  17. Assessment of the Green Building Education Needs of North Carolina Real Estate Appraisers

    Science.gov (United States)

    Ball, Lee F., Jr.

    2011-12-01

    The construction industry has experienced little growth since the beginning of the 2008 recession. Despite this phenomenon, green building remains in the forefront as a growing sector within the industry. There are, however, many barriers to the success and widespread adoption of high performance green building practices. This study focused on the real estate appraisal industry's role in determining the value of properties with green features. The study sample included appraisers from regions within North Carolina that have the largest numbers of certified commercial and residential green buildings. The central hypothesis predicted that, regardless of the number of certified green buildings or properties with green building features within the study areas, appraisers lack the experience and knowledge needed in order to provide an accurate appraisal of these properties. The research methods used for this study included surveys, interviews, case studies, and an extensive international literature review. In addition, industry experts throughout the United States were interviewed. The study generated a green building education gap analysis of real estate appraisers in addition to identification of the primary methods currently being used in the valuation of properties with green features. The results of this research will be utilized by green building workforce development providers and for the creation of green building continuing education and regional certification programs for real estate appraisers and other building professionals.

  18. SATISFACTION, TRUST AND COMMITMENT AS DIMENSIONS OF LOYALTY IN REAL ESTATE COMPANIES

    Directory of Open Access Journals (Sweden)

    Florin-Alexandru LUCA

    2016-07-01

    Full Text Available Relationship marketing activities are assessed in the end according to the profitability obtained by the company. However, the calculation of the obtained profit includes a lot of variables which are not related to the marketing activities. In these circumstances, it is more appropriate to perform the assessment of the results of the marketing activities at a more concrete level, by studying their possible determining factors. Some of the most important factors that determine customer loyalty are: Satifaction, Trust and Commitment.This article has two parts : a qualitative research stage and a quantitative research The stage of qualitative research consists of analyzing the research literature from this domain, which highlights the dimensions of Loyalty Construct, relevant for the real estate field. The stage of quantitative research aims at testing the proportion of content validity for the most commonly used variables in the real estate field of practice. The results describe an estimation of the dimensions of the Loyalty Construct for the case of real estate services.

  19. Real estate function impact on its value exemplified by the city of Gdańsk

    Directory of Open Access Journals (Sweden)

    Anna Wojewnik-Filipkowska

    2013-08-01

    Full Text Available Spatial planning is connected with speculations in real estate market, which deepens the process of urban sprawl. Adequate land management supporting  free market – both investment decision of businesses and location decisions of households – is necessary if amorphous city growth is to be prevented. A change, or even information about change in the local plan determines decisions in the real estate market. On the basis of the studies conducted it can be said that the factor causing the greatest value increment is the possibility of development. To assess the possible success of investment projects and the value of real estate it is important to identify the changes that have been occurring in the growth of urban areas and their suburban expansion; whether they follow a certain pattern and whether it is possible to foresee them. The article presents city growth stages and models as well as selected concepts of sustainable growth as a response to the adverse process of suburbanisation.

  20. Real estate function impact on its value exemplified by the city of Gdańsk

    Directory of Open Access Journals (Sweden)

    Anna Wojewnik- Filipkowska

    2013-02-01

    Full Text Available Spatial planning is connected with speculations in real estate market, which deepens the process of urban sprawl. Adequate land management supporting free market – both investment decision of businesses and location decisions of households – is necessary if amorphous city growth is to be prevented. A change, or even information about change in the local plan determines decisions in the real estate market. On the basis of the studies conducted it can be said that the factor causing the greatest value increment is the possibility of development. To assess the possible success of investment projects and the value of real estate it is important to identify the changes that have been occurring in the growth of urban areas and their suburban expansion; whether they follow a certain pattern and whether it is possible to foresee them. The article presents city growth stages and models as well as selected concepts of sustainable growth as a response to the adverse process of suburbanisation.

  1. SATISFACTION, TRUST AND COMMITMENT AS DIMENSIONS OF LOYALTY IN REAL ESTATE COMPANIES

    Directory of Open Access Journals (Sweden)

    Florin-Alexandru LUCA

    2016-07-01

    Full Text Available Relationship marketing activities are assessed in the end according to the profitability obtained by the company. However, the calculation of the obtained profit includes a lot of variables which are not related to the marketing activities. In these circumstances, it is more appropriate to perform the assessment of the results of the marketing activities at a more concrete level, by studying their possible determining factors. Some of the most important factors that determine customer loyalty are: Satifaction, Trust and Commitment.This article has two parts : a qualitative research stage and a quantitative research The stage of qualitative research consists of analyzing the research literature from this domain, which highlights the dimensions of Loyalty Construct, relevant for the real estate field. The stage of quantitative research aims at testing the proportion of content validity for the most commonly used variables in the real estate field of practice. The results describe an estimation of the dimensions of the Loyalty Construct for the case of real estate services.

  2. Analysis of the main sources of investments financing in real estate

    Directory of Open Access Journals (Sweden)

    Ylldeze Sokoli

    2016-03-01

    Full Text Available The development of the construction industry is an important sector and the special contribution to the gross domestic product and as such should be subject to study, because the performance of the fund financing the construction production is closely linked to the performance of GDP, but also the role of this sector in generating economic growth. Even in our country’s construction sector, as one of the leading sectors of the economy has affected the growth trend of the Albanian economy. Many developing economies have shown that credit markets and remittances are the main source of financing long-term investments in construction. Increased investment in the real estate market includes free financial resources and other populations, but the development and expansion of this sector has led to the reduction of unemployment in the country. In periods of economic growth, coupled with the growth of personal income, people seek to improve their living conditions and seek to take credit for use to purchase real estate. The role of the banking system in financing for investments in the real estate market is very important. The purpose of this paper is to identify what are the factors affecting the financing of investments in the construction sector, and to analyze the important relationships between them and the financing of investments in real estate. The methodology used in the paper is based on foreign literature, materials and works of local and foreign authors. The data were taken from the reports of Bank of Albania’s Institute of Statistics, World Bank and others. Linear Regression model is built referring OLS method, to determine the factors affecting the financing of investments in the real estate market. The results of this study can be used by relevant institutions and central governmental institutions for the formulation of policies and strategies for the development of this industry, as well as the stakeholders of this sector (businesses

  3. INTRODUCTION OF THE TAX TO THE REAL ESTATE AS THE WAY OF PERFECTION OF THE PROPERTY TAXATION

    OpenAIRE

    K.S. Nikolaeva

    2009-01-01

    In given article questions of perfection of system of property taxes by introduction of the uniform tax to the real estate are considered. In particular, the basic difficulties and positive sides of such reforming are reflected.

  4. Analysis of Real Estate Investment Decision-making%房地产投资决策分析

    Institute of Scientific and Technical Information of China (English)

    王建瑞

    2011-01-01

    As China's improvement of legal system, operations specifications and increased competition in the field of real estate development, the profit space of real estate development is gradually diminishing, the risk is also increased. Therefore, we should fully grasp the information, and have a comprehensive and clear understanding for real estate investment and its basic characteristics before the real estate investment.%随着我国房地产开发领域法律的完善、操作的规范以及竞争的加剧,房地产开发的利润空间正逐渐缩小,风险也在加大.因此,在进行房地产投资前,需要充分掌握信息,对房地产投资及其房地产投资的基本特征有一个全面、清晰的认识.

  5. Cost control system for real estate development projects in ChinaPart 2:A case study in Chongqing

    Institute of Scientific and Technical Information of China (English)

    夏煦

    2014-01-01

    This paper discusses the background and purpose, and reviews the current situation of the domestic and international cost control theory of real estate development projects, and introduces the research methods. The case study method is used. . The management idea is the summary of management practices, and case study can improve management theory, and in certain sense, can help combining theory with practice. The analysis of practical projects of real estate development, can help clarify theory, and is helpful for grasping theory in practical work and improve actual ability of the real estate development enterprise. Through the case study in Chongqing, the basic situations of real estate in Chongqing are introduced and relevant theory and procedure of cost control are used in the case study.

  6. Analysis of strategies to stabilize real estate prices%探析稳定房地产价格策略

    Institute of Scientific and Technical Information of China (English)

    施丽芬

    2011-01-01

    This paper analyzes major external factors that affect real estate prices from various aspects,discusses strategies that help stabilize real estate prices,and seek effective solutions.%从不同角度分析影响房地产价格的主要外部因素,研究和探讨稳定房地产价格的策略,并寻求有效的解决措施。

  7. "I Won't Invest in China's Real Estate"——Can Behavioral Economics Save the Capital Bubble?

    Institute of Scientific and Technical Information of China (English)

    Guo Liqin

    2011-01-01

    @@ "I cannot see clearly when the real estate bubble in China will burst.However, there is certainty that housing prices willswiftly fall, and China can learn the lesson from the 1980s' real estate market in Japan" said Professor Robert.J.Shiller, "I don't want to put my judgment as a foreigner on the Chinese people,however, the housing price is obviously too high in some big cities.

  8. "I Won't Invest in China's Real Estate"——Can Behavioral Economics Save the Capital Bubble?

    Institute of Scientific and Technical Information of China (English)

    Guo Liqin

    2010-01-01

    @@ "I cannot see clearly when the real estate bubble in China will burst. However, there is certainty that housing prices will swiftly fall, and China can learn the lesson from the 1980s' real estate market in Japan" said Professor Robert.J.Shiller, "I don't want to put my judgment as a foreigner on the Chinese people, however, the housing price is obviously too high in some big cities.

  9. THE CONCEPT OF THE LEGAL REGIME OF HIGH RISK REAL ESTATE

    Directory of Open Access Journals (Sweden)

    Abramov V. V.

    2015-03-01

    Full Text Available The identity of the property of high risk to the objects of civil rights has been proved in the article. No doubt that there is a necessity of separation of static and dynamic units in the civil-law mode of real things of increased risk. However, currently these components are not sufficient for full civil and legal characteristics. Suggestions for improving the structure of the real objects of civil rights are proposed by the author. The article considers the civil-law regime of real estate of high risk as a legal phenomenon of a systemic nature. Risk is a system element of the legal regime of particularly dangerous real estate. Different types of risks in the content of the legal regime of these things are interconnected in a close relationship. The value of the category of "risk" in the legal regime is associated with compensation for damage caused by its operation. Another part of the problem is associated with civil-legal regulation of property to such objects of civil law. The author's understanding of the structural elements of a civil-law regime of such things and their interrelations is proposed. This representation of the structure of civil-legal regime of immovable properties increased risk allows to take into account particular things as objects of civil rights in all sections of civil reality

  10. THE CONCEPT OF THE LEGAL REGIME OF REAL ESTATE HIGH RISK

    Directory of Open Access Journals (Sweden)

    Abramov V. V.

    2015-02-01

    Full Text Available The identity of the property increased risk to the objects of civil rights is proved in the article. No doubt the necessity of separation of static and dynamic units in the civil-law mode of real things of increased risk. However, currently these components are not sufficient for full civil and legal characteristics. Suggestions for improving the structure of the real objects of civil rights are proposed by the author. The article considers the civil-law regime of real estate high risk as a legal phenomenon of a systemic nature. Risk is a system element of the regime particularly dangerous real estate. Different types of risks in the content of the legal regime of these things are interconnected in a close relationship. Value category of "risk" in the legal regime associated with compensation for damage caused by its operation. Another part of the problem associated with civil-legal regulation of property rights to such objects of civil law. The author's understanding of the structural elements of a civil-law regime of such things and their interrelations is proposed. This representation of the structure of civil-legal regime of immovable properties increased risk allows to take into account particular things as objects of civil rights in all sections of civil reality

  11. Reference USA Real Estate Tax on The Real Estate Tax Reform in China%美国房地产税制对我国房地产税制改革的借鉴

    Institute of Scientific and Technical Information of China (English)

    迟丽华; 王晓文

    2014-01-01

    目前,作为新一轮税制改革,房地产税立法被列为税制改革进程而再次成为各方关注的焦点。美国已经建立了较为完善、稳定和成熟的房地产税收制度。从房地产业的可持续健康发展看,借鉴美国成功经验,完善我国的房地产税制改革具有深远的意义。首先探讨和总结了美国房地产税收制度体系的经验,然后对我国目前房地产税改革的问题与难点进行深入剖析,并提出了立足基本国情的房地产税制改革建议。%At present,as a new round of tax reform,real estate tax legislation has been listed as the process of the reform of taxation and once again become the focus of attention of the parties.USA has established a relatively perfect,stable and mature real estate tax system.From the sustainable and healthy development of the real estate industry,learn from the successful experience of American,has far-reaching significance to perfect the reform of real estate tax system in China. Firstly,this paper discusses and summarizes the experience of American real estate tax system,and then to our current problems and difficulties of the real estate tax reform are analyzed in depth,and puts forward the reform of real estate tax system based on the basic conditions of the proposal.

  12. Hungry for housing: waqf real estate development - a social welfare alternative

    Directory of Open Access Journals (Sweden)

    Mohd Ali Siti Nadiah

    2016-01-01

    Full Text Available Islam has outlined 4 important elements to achieve fruitful life in the duniya and the akhirah. A famed hadith of Rasulullah (peace be upon him meaning “Four things that will bring joy to a person, which is (owning a pious woman (wife, a good house (spacious, a good neighbour, and a great vehicle” (Hadith narrated by Ibnu Hibban. It is clear from this hadith that Islam emphasised ownership of a comfortable home. The polemic remains that with skyrocketing housing prices in the market, would the low and middle income groups afford housing that is safe, comfortable and secure? Realising the importance of living in a secure and safe house, this study aims at investigating the possibility of leveraging the upward trend of waqf real estate development in empowering the Muslims’ economy in the country. Towards this end, the authors have conducted a study by collating primary and secondary data obtained from the Penang State Islamic Religious Council (Majlis Agama Islam Pulau Pinang for analysis. Thus the Penang Islamic Council is the study site. Semi structured interviews were conducted with 2 waqf officials who are in charge of coordinating waqf real estate developments in Penang. Based on the study conducted, it was found that Penang State Islamic Religious Council has succeeded in enhancing value added to waqf real estate developments through the implementation of 9 housing project developments using the ijarah concept. The Penang State Islamic Religious Council has enabled the low medium income groups to stay in comfortable and safe housing by utilising such holistic and efficient waqf product developments under shariah guidelines.

  13. The Availability of Residential Real Estate Increasing by Means of State Compensation of Prices

    Directory of Open Access Journals (Sweden)

    Vitaly Viktorovich Ivanitskiy

    2015-12-01

    Full Text Available The article analyzes the influence of natural monopolies on the value of residential property, discusses the basic energy resources affecting it. Oil is defined as the main energy resource, its main brands, and their features are considered. The different authors’ perspectives of the impact of oil prices on the real estate prices are considered (“no effect”, “direct effect” and “indirect effect”. Schemes (models, clearly demonstrating the cause-and-effect relations of the impact of prices of the main energy resources on each other and on the value of residential property, are provided. The stability of relations between the prices of the major energy recourses (between each other as well as between each resource and real estate prices and residential property prices in the primary market are analyzed. The interval of “crisis” and “crisis-free” time is defined. The impact of the energy in “crisis” and “crisis-free” time is analyzed. The impact of oil prices on the residential property prices is proved through the cement as the main price-determining element in the construction. The introduction of the state target compensation allowing to increase the availability of residential property is proposed as one of the elements of a comprehensive solution of the “housing question”. The size of the state target compensation in absolute (in rubles and relative (% prices for residential real estate values is determined, taking into account the sufficient reproduction of the population, and restrictions on the right to use it are introduced. The total value of the state target compensation per total number of homebuyers is calculated, and its share in the expenditures of the consolidated budget and budgets of state extra-budgetary funds is determined. The realization of the state target compensation based on an average annual growth among the major countries of the world is grounded.

  14. KRITIK TERHADAP PENYEDIAAN RUANG BAGI WANITA DALAM PERUMAHAN REAL-ESTATE

    Directory of Open Access Journals (Sweden)

    Bharoto Bharoto

    2012-02-01

    Full Text Available One of gender issues in architecture is domesticity, space in a home. According to feminist perspectivehome spatial design must be consider women’s spatial use for housework activities. Preliminaryresearch shows that mothers of a household tend to use kitchen, living room, and master bedroom intheir everyday activities so there must be connectedness appearance among those spaces. In fact, homedesign in Indonesia pays less attention to it. This research aimed to find out how far real-estatedeveloper accommodates the women’s spatial use for housework activities on their products. Data isobtained from 81 real estate advertisements on newspaper. The data is treated by content analysis tofind the offering items on the advertisement. The result show that 19% real- estate developers use facilityof housing and environment as superiority on their products and only 3.5% of them use householdspatial needs. It can be concluded that home design in Indonesia pay less attention to women’s spatialuse for housework activities

  15. Assessment of Predictor Importance with the Example of the Real Estate Market

    Directory of Open Access Journals (Sweden)

    Kubus Mariusz

    2016-12-01

    Full Text Available Regression methods can be used for the valuation of real estate in the comparative approach. However, one of the problems of predictive modelling is the presence of redundant or irrelevant variables in data. Such variables can decrease the stability of models, and they can even reduce prediction accuracy. The choice of real estate’s features is largely determined by an appraiser, who is guided by his/her experience. Still, the use of statistical methods of a feature selection can lead to a more accurate valuation model. In the paper we apply regularized linear regression which belongs to embedded methods of a feature selection. For the considered data set of real estate land designated for single-family housing we obtained a model, which led to a more accurate valuation than some other popular linear models applied with or without a feature selection. To assess the model’s quality we used the leave-one-out cross-validation.

  16. Knowledge Management in Real Estate Consultancy Firms: Breaking through the Barriers

    Directory of Open Access Journals (Sweden)

    Yasmin Mohd Adnan

    2007-12-01

    Full Text Available Corporate knowledge is well accepted as a decisive asset in most countries worldwide, The know-how and expertise of the work-force is an important factor for the success of companies and strongly influences the effectiveness and efficiency of the business processes and their outcome. In real estate consultancy firms, knowledge management (KM is specifically relevant due to the knowledge intensive character of delivering the services to be rendered to clients, which call demand innovative and non-repetitive processes. However, there are barriers that need to be overcome so that the potentials of KM are capitalized.

  17. Real Estate Bubble Bursts and Government Policy during Crisis: Examples of Estonia, Ireland and Sweden

    Directory of Open Access Journals (Sweden)

    Urmas Varblane

    2013-01-01

    Full Text Available The objective of current article is to view previous experience with real estate crises and taking into account such experience find suitable policy reactions to overcome the current Estonian crisis as smoothly as possible. Beside overall theoretical guidelines for overcoming the crisis, examples of Sweden and Ireland are viewed. The policy issues suggested for Estonia include some changes in tax laws, avoiding expansionary fiscal policy, making lending stricter and borrower responsible to higher extent, cooperation of different authorities to tackle problem of bad loans, initiating wage and price cut, paying more attention to exporting sector

  18. The Forced Sale of Real - Estate Property Aspects Regarding Procedure and Private International Law

    OpenAIRE

    Cret Daniela Cristina; Berlingher Remus Daniel

    2015-01-01

    Indirectly enforcement is regulated by the Code of Procedure, as a form of enforcement, seeks the recovery of the creditor’s claim through valorization of the debtor’s property or the seizure of income that it has to receive from a third party. Collection action on real estate as a form of indirect civil enforcement is made by the forced sale of immovable property belonging to the pursued debtor, so that the pursuing creditor would cover the claim. In this scientific approach we will examine ...

  19. 房地产市场的生存均衡%Viability equilibrium of real estate market

    Institute of Scientific and Technical Information of China (English)

    赵胜民; 王春峰; 李光泉

    2001-01-01

    In this paper the problem of Walras equilibrium of a real estatemarket is considered. First, a static model of the real estate market is established. The viability Walras equilibrium of the real estate market is defined, and its existence is proved. Secondly, a dynamic evolution model of the real estate market is developed in the form of differential inclusion. The existence of viability dynamic equilibrium of the real estate market is proved under some assumptions by applying viability theory. Finally, the situation of Chinese real estate market is analyzed, and some suggestions are presented.%研究房地产市场的Walras均衡问题.首先建立了房地产市场的静态模型,定义了房地产市场的可生存Walras均衡,并证明了其存在性.其次,给出了房地产市场的微分包含形式的动态演化模型,利用生存理论证明了在一定条件下房地产市场的可生存动态均衡是存在的.最后,对我国房地产市场的发展状况进行了分析,并提出了一些建议.

  20. The value spatial component in the Real Estate Market: the Turin case study

    Directory of Open Access Journals (Sweden)

    Elena Fregonara

    2012-08-01

    Full Text Available In the study of variables affecting the determination of property prices, the spatial component is playing an increasingly significant role. In order to quantify the property value variability due to its location, it is necessary to resort to spatial statistics. The aim of this paper is twofold. On the one hand, we propose a geostatistical model aimed at identifying the incidence of position on housing asking prices. Starting from a geostatistical model we propose a methodology to empirically measure the incidence of a geographical segmentation on asking prices. The purpose of this paper is to test whether appraisers take account of the location in defining the asking prices, that represent the first signal of houses values. The proposed model is tested on a sample of residential properties, listed on the Turin real estate market. On the other hand, staring from the results of the model, the purpose of the present work is to formulate economic-estimative interpretations of the Turin real estate market dynamics.

  1. A coupled physical and economic model of the response of coastal real estate to climate risk

    Science.gov (United States)

    McNamara, Dylan E.; Keeler, Andrew

    2013-06-01

    Barring an unprecedented large-scale effort to raise island elevation, barrier-island communities common along the US East Coast are likely to eventually face inundation of the existing built environment on a timescale that depends on uncertain climatic forcing. Between the present and when a combination of sea-level rise and erosion renders these areas uninhabitable, communities must choose levels of defensive expenditures to reduce risks and individual residents must assess whether and when risk levels are unacceptably high to justify investment in housing. We model the dynamics of coastal adaptation as the interplay of underlying climatic risks, collective actions to mitigate those risks, and individual risk assessments based on beliefs in model predictions and processing of past climate events. Efforts linking physical and behavioural models to explore shoreline dynamics have not yet brought together this set of essential factors. We couple a barrier-island model with an agent-based model of real-estate markets to show that, relative to people with low belief in model predictions about climate change, informed property owners invest heavily in defensive expenditures in the near term and then abandon coastal real estate at some critical risk threshold that presages a period of significant price volatility.

  2. THE RESTATEMENTS IMPACT OF THE REAL ESTATE ON THE INHERITANCE STRUCTURE

    Directory of Open Access Journals (Sweden)

    Adriana Craitar

    2016-12-01

    Full Text Available The modification of the recognition and consideration rules of the real estate in the patrimony of a company (beginning with 1st January 2015 leaded to new practices under the accounting aspect and under the analysis of the rates of structure. In the work, there are presented and explained the implications of accounting nature, in the first step and they are followed in a rational way by the modifications caused in the structure of the tangible elements. The practical aspects were followed and analyzed over a period of 3 years: between 2014 and 2016 being split pertinent conclusions. The decision of enclosing a real estate in one of the categories “Lands”, “Buildings” or “Investment property” is grounded in a big measure on the own accounting politics and on the professional reasoning. But, in report with this retreatment, notable modifications are registered in the tangible elements. These modifications appear in the size of the weight and also in the number of the structure rates for being calculated (determined by the introduction of new balance sheet to tangible.

  3. STOCHASTIC PRICING MODEL FOR THE REAL ESTATE MARKET: FORMATION OF LOG-NORMAL GENERAL POPULATION

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    Oleg V. Rusakov

    2015-01-01

    Full Text Available We construct a stochastic model of real estate pricing. The method of the pricing construction is based on a sequential comparison of the supply prices. We proof that under standard assumptions imposed upon the comparison coefficients there exists an unique non-degenerated limit in distribution and this limit has the lognormal law of distribution. The accordance of empirical distributions of prices to thetheoretically obtained log-normal distribution we verify by numerous statistical data of real estate prices from Saint-Petersburg (Russia. For establishing this accordance we essentially apply the efficient and sensitive test of fit of Kolmogorov-Smirnov. Basing on “The Russian Federal Estimation Standard N2”, we conclude that the most probable price, i.e. mode of distribution, is correctly and uniquely defined under the log-normal approximation. Since the mean value of log-normal distribution exceeds the mode - most probable value, it follows that the prices valued by the mathematical expectation are systematically overstated.

  4. Conceptual design of a high real-estate gradient cavity for a SRF ERL

    Science.gov (United States)

    Xu, Chen; Ben-Zvi, Ilan; Hao, Yue; Xin, Tianmu; Wang, Haipeng

    2017-10-01

    The term ;real-estate gradient; is used to describe the energy gain provided by an accelerating structure per actual length it takes in the accelerator. given that the length of the tunnel available for the accelerator is constrained, the real-estate gradient is an important measure of the efficiency of a given accelerator structure. When designing an accelerating cavity to be efficient in this sense, the unwanted Higher Order Mode (HOM) fields should be reduced by suitable HOM dampers. This is a particularly important consideration for high current operation. The additional RF components might take longitude space and reduce the total accelerating efficiency. We describe a new high efficiency 5-cell cavity with the dampers included. The total length of the cavity is reduced by 13% as compared to a more conventional design without compromising the cavity fundamental-mode performance. In addition, the HOM impedance is reduced for a higher Beam-Break-Up (BBU) threshold of operating current. In this paper, we consider an example, a possible application at the eRHIC Energy Recovery Linac (ERL).

  5. The use of fuzzy logic for real estate assessment and applications

    Directory of Open Access Journals (Sweden)

    Renato de Mello

    2012-11-01

    Full Text Available This paper presents a method of decision support for assessment of real estate with the use of fuzzy logic, in the form of soft decision tree. Examples are presented of assessments of one urban apartment and of six rural properties. The method starts with a draw of schematic representation of a top-down decision tree. The tree structure begins by the central issue of the adjustment of property value, within the field defined by the comparative market data method. The basic criteria are the physical, social and economic indicators. The inputs and outputs sheets were implemented in Excel® and the programming of aggregation of variables by fuzzyTech® software. The method extends the transparency in the evaluations of properties, enabling non-specialists, social workers and professionals working in the area for better understanding and deciding on the formation of values in the real estate market, turning easier to view the relative importance of variables, their aggregation and providing an indication of reliable reference value of the property.

  6. The Solar Neighborhood XXIX: The Habitable Real Estate of our Nearest Stellar Neighbors

    CERN Document Server

    Cantrell, Justin R; White, Russel J

    2013-01-01

    We use the sample of known stars and brown dwarfs within 5 pc of the Sun, supplemented with AFGK stars within 10 pc, to determine which stellar spectral types provide the most habitable real estate --- defined to be locations where liquid water could be present on Earth-like planets. Stellar temperatures and radii are determined by fitting model spectra to spatially resolved broad-band photometric energy distributions for stars in the sample. The locations of the HZ's are calculated using an empirical formula for planetary surface temperature and assuming the condition of liquid water, called here the empirical habitable zone, or EHZ. Systems that have dynamically disruptive companions, assuming a 5:1 separation ratios for primary/secondary pairs and either object and a planet, are considered not habitable. We then derive a simple formula to predict the location of the EHZ for main sequence stars based on V-K color. We consider EHZ widths as more useful measures of the habitable real estate around stars than ...

  7. RPAS ACCURACY TESTING FOR USING IT IN THE CADASTRE OF REAL ESTATES OF THE CZECH REPUBLIC

    Directory of Open Access Journals (Sweden)

    E. Housarová

    2016-06-01

    Full Text Available In the last few years, interest in the collection of data using remotely piloted aircraft systems (RPAS has sharply risen. RPAS technology has a very wide area of use; one of its main advantages is its accuracy, timeliness of data, frequency of collecting data and low operating costs. RPAS can be used for the mapping of small, dangerous and inaccessible areas in contrast with ordinary aerial photogrammetry. In the cadastre of real estates of the Czech Republic, it is possible to map out areas by using aerial photogrammetry, so it has been done in the past. However, this is a relatively expensive and complex technology, and therefore we are looking for new alternatives. An alternative would be to use RPAS technology for data acquisition. The testing of the possibility of using RPAS for the cadastre of real estates of the Czech Republic is the subject of this paper. When evaluating results we compared point coordinates measured by geodetic method, GNSS technology and RPAS technology.

  8. On Representativeness of Internet Data Sources for Real Estate Market in Poland

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    Maciej Eryk Beręsewicz

    2015-04-01

    Full Text Available Shifting paradigms in Official Statistics lead to a widespread use of administrative records to support or to create an alternative for census and surveys. At the same time demand for diversified detailed information is increasing. Official Statistics in order to meet this demand need to seek for new data sources. Internet data sources or more general -- Big Data -- could be one of them. Potential usefulness of these new sources of statistical information should not be neglected.The aim of the paper is to assess representativeness of Internet data sources (IDS for real estate market in Poland. These sources could be used for describing demand and supply on secondary real estate market in more detailed way that is done with existing methodology. In order to assess representativeness, information from official surveys and other data sources will be used. Due to lack of sufficient literature on this issue, own research will be conducted to enhance information from official statistics. For the purpose of the paper Internet data sources will be defined. Register TERYT containing information on street names was used to correct information taken from Internet data sources. Special program for automated data collection (web spider was developed. All the calculation was done with R statistical software and additional packages (XML, RCurl, httr.

  9. Valuing Residential Energy Efficiency in Two Alaska Real Estate Markets: A Hedonic Approach

    Science.gov (United States)

    Pride, Dominique J.

    Alaska households have high home energy consumption and expenditures. Improving the energy efficiency of the housing stock can reduce home energy consumption, thereby reducing home energy expenditures and CO2 emissions. Improving the energy efficiency of a home may also increase its transaction price if the energy efficiency improvements are capitalized into the value of the home. The relationship between energy efficiency and transaction prices in the Fairbanks and Anchorage, Alaska residential real estate markets is examined. Using a hedonic pricing framework and difference-in-differences analysis, the impact of the Alaska Home Energy Rebate program on the transaction prices of single-family homes in the Fairbanks and Anchorage housing markets from 2008 through 2015 is examined. The results indicate that compared to homes that did not complete the program, homes that completed the program sell for a statistically significant price premium between 15.1% and 15.5% in the Fairbanks market and between 5% and 11% in the Anchorage market. A hedonic pricing framework is used to relate energy efficiency ratings and transaction prices of homes in the Fairbanks and Anchorage residential real estate markets from 2008 through 2015. The results indicate that homes with above-average energy efficiency ratings sell for a statistically significant price premium between 6.9% and 17.5% in the Fairbanks market and between 1.8% and 6.0% in the Anchorage market.

  10. The social construction of real estate market risk. The case of a financial investments cluster in Mexico City

    Directory of Open Access Journals (Sweden)

    Louise David

    2012-11-01

    Full Text Available This article contributes to the study of the geographical concentration of financial investments in real estate markets. It demonstrates the social construction process at work in the evolution of real estate market risks. The objective is to highlight the conditions that allow or impede the implementation of ‘opportunistic’ and ‘conservative’ risk strategies. By analyzing the market entry of financial investors in the Cuautitlan industrial real estate market - an ‘emerging’ real estate market in Mexico City - this paper demonstrates that, due to the joint action of land developers, non-financial as well as financial real estate investors, this market moved from being ‘too risky’ to becoming an opportunistic market, and then a conservative one. There were two important phases in the transformation process. First, the contribution of land developers was fundamental to the transformation of the market from being too risky to being opportunistic from the perspective of financial investors. Two different types of land developers are evident: some are not willing to help financial investors’ entry in the market while others developed a business plan designed to facilitate financial investments. In the second phase of the market’s risks transformation, opportunistic financial investors enabled the conditions for the arrival of conservative financial investors, thanks to their presence in emerging markets and the diffusion of information.

  11. C ESP`s real estate patrimony in the judicial area; Patrimonio imobiliario da CESP na area juridica

    Energy Technology Data Exchange (ETDEWEB)

    Mello Seixas, Annibal de [Companhia Energetica de Sao Paulo (CESP), Sao Paulo, SP (Brazil). Dept. de Desapropriacao Amigavel

    1988-12-01

    This work presents a summarized description of the real state patrimony of CESP (the electric power company of Sap Paulo State - Southeast Brazil). The Brazilian legislation which regulates real estate business is presented and discussed. Also presented and discussed are legal aspects of the subsoil exploitation 2 figs.

  12. A measurement model for real estate bubble size based on the panel data analysis: An empirical case study.

    Science.gov (United States)

    Liu, Fengyun; Liu, Deqiang; Malekian, Reza; Li, Zhixiong; Wang, Deqing

    2017-01-01

    Employing the fundamental value of real estate determined by the economic fundamentals, a measurement model for real estate bubble size is established based on the panel data analysis. Using this model, real estate bubble sizes in various regions in Japan in the late 1980s and in recent China are examined. Two panel models for Japan provide results, which are consistent with the reality in the 1980s where a commercial land price bubble appeared in most area and was much larger than that of residential land. This provides evidence of the reliability of our model, overcoming the limit of existing literature with this method. The same models for housing prices in China at both the provincial and city levels show that contrary to the concern of serious housing price bubble in China, over-valuing in recent China is much smaller than that in 1980s Japan.

  13. Analysis of Real Estate Records Management%浅析房地产档案管理

    Institute of Scientific and Technical Information of China (English)

    何晓玲

    2011-01-01

    随着我国社会主义现代化建设的发展,城市建设日新月异,这就给房地产的发展提供了更大的契机,同时也极大的推动了房地产档案管理事业的发展,众所周知,房地产档案管理在维护房产市场运营中发挥着不可替代的作用,但随着社会的发展,档案资料量的增加等诸多问题为我们的管理人员及经办人员增加了很多繁重的工作负担,在客观上影响了市场运转的效率,这就要求尽快的推广与之相适应的技术措施,以提高运转效率。那么如何采取相应的措施是摆在我们面前的重要课题,而最大力度的加大档案管理的力度是解决这一问题的关键。%With the development of China's socialist modernization,rapid changing of urban construction provides the real estate development greater opportunity and also greatly promoted the development of real estate records management business.As we all know that real estate files management operation has played an irreplaceable role in the maintenance of the housing market,but with the development of society,it is heavy work burden for management staff and managers because of the increasing of the amount of data files and many other issues,which influences the efficiency of market operation,and requires the corresponding technical measures as soon as possible to improve operating efficiency,and efforts to increase the records management is the key to solve this problem.

  14. The Real Estate Business, “Dual-platform” Strategy--Take the Greenland Group as an Example

    Institute of Scientific and Technical Information of China (English)

    张捷东

    2015-01-01

    The estate businesses in the real leading position, most have achieved or are achieving A + H shares cross-listed in“dual-platform” strategy.In this paper, Greenland Group, for example, taking the case that it achieved listing in Hong Kong by holding SPG Land as well as the case of achieving listing in Shanghai Stock Exchange by borrowing Jinfeng Investment as the analysis object,we analyze how the real estate businesses builds the A + H shares“dual-platform”strategy and achieve“double platform”model strategy.

  15. E-Commerce Experiences in the Real Estate Industry: a preliminary study in regional Queensland

    Directory of Open Access Journals (Sweden)

    Jeanette Van Akkeren

    2003-05-01

    Full Text Available Computer systems have become commonplace in most SMEs and technology is increasingly becoming a part of doing business. In recent years, the Internet has become readily available to businesses; consequently there has been growing pressure on SMEs to take up e-commerce. However, e-commerce is perceived by many as being unproven in terms of business benefit. This research aims to determine what, if any, benefits are derived from assimilating e-commerce technologies into SME business processes. This paper presents three in-depth case studies from the Real Estate industry in a regional setting. Overall, findings were positive and identified the following experiences: enhanced business efficiencies, cost benefits, improved customer interactions and increased business return on investment.

  16. Serengeti real estate: density vs. fitness-based indicators of lion habitat quality.

    Science.gov (United States)

    Mosser, Anna; Fryxell, John M; Eberly, Lynn; Packer, Craig

    2009-10-01

    Habitat quality is typically inferred by assuming a direct relationship between consumer density and resource abundance, although it has been suggested that consumer fitness may be a more accurate measure of habitat quality. We examined density vs. fitness-based measures of habitat quality for lions in the Serengeti National Park, Tanzania. A 40-year average of female reproductive success (yearling cubs per female) was best explained by proximity to river confluences, whereas patterns of productivity (yearling cubs per km(2)) and adult female density (individuals per km(2)) were associated with more general measures of habitat quality and areas of shelter in poor habitat. This suggests that density may not accurately distinguish between high-quality 'source' areas and low-quality sites that merely provide refuges for effectively non-reproductive individuals. Our results indicate that density may be a misleading indicator of real estate value, particularly for populations that do not conform to an ideal free distribution.

  17. THE LINKAGE BETWEEN REAL ESTATE PRICES AND THE MACRO-ECONOMY IN CROATIA: VAR APPROACH

    Directory of Open Access Journals (Sweden)

    Ksenija Dumičić

    2012-12-01

    Full Text Available The aim of this paper is to investigate the interrelation between the housing sector and macroeconomy in Croatia. It focuses on the housing sector as a source of volatility and studies whether the changes in house prices easily spillover to the rest of the economy. Furthermore, it studies how domestic variables, especially financial conditions, influence house prices. Finally, as Croatia is a small open economy, the responses of housing prices and other domestic variables to external shocks were explored. For the purpose of our research, a five variable structural vector autoregressive (SVAR model comprising both domestic and foreign variables was used imposing block-exogeneity restrictions and assuming that domestic shocks have no significant impact on foreign variable. The model suggests that the developments in house prices and other domestic variables were mainly caused by external shocks. However, the changes in real estate prices have important influence on domestic variables in Croatia.

  18. Ownership structure and corporate performance: evidence from property and real estate public companies in Indonesia

    Directory of Open Access Journals (Sweden)

    Mustaruddin Saleh

    2017-07-01

    Full Text Available This paper has proposed a specific case in the property and real estate sector regarding the impact of ownership structure and corporate performance, since this sector is one of those with booming investment in Indonesia. The ownership structure was represented by the institutional investor and managerial ownership, and the Economic Value Added (EVA and Tobin’s Q were used as a proxy for firm performance. This study utilized the purposive sampling of 240 observations over the period 2010-2015. The fixed and random effect panel data model was employed to determine the relationship among the variables. Findings show that the institutional investor and company’s size, as well as debt ratio, are important in explaining firm performance, while managerial ownership has a partially significant effect on the performance of companies in this industry.

  19. Measuring housing quality in the absence of a monetized real estate market.

    Science.gov (United States)

    Rindfuss, Ronald R; Piotrowski, Martin; Thongthai, Varachai; Prasartkul, Pramote

    2007-03-01

    Measuring housing quality or value or both has been a weak component of demographic and development research in less developed countries that lack an active real estate (housing) market. We describe a new method based on a standardized subjective rating process. It is designed to be used in settings that do not have an active, monetized housing market. The method is applied in an ongoing longitudinal study in north-east Thailand and could be straightforwardly used in many other settings. We develop a conceptual model of the process whereby households come to reside in high-quality or low-quality housing units. We use this theoretical model in conjunction with longitudinal data to show that the new method of measuring housing quality behaves as theoretically expected, thus providing evidence of face validity.

  20. A fuzzy logic model to forecast stock market momentum in Indonesia's property and real estate sector

    Science.gov (United States)

    Penawar, H. K.; Rustam, Z.

    2017-07-01

    The Capital market has the important role in Indonesia's economy. The capital market does not only support the economy of Indonesia but also being an indicator Indonesia's economy improvement. Something that has been traded in the capital market is stock (stock market). Nowadays, the stock market is full of uncertainty. That uncertainty values make predicting stock market is all that we have to do before we make a decision in the stock market. One that can be predicted in the stock market is momentum. To forecast stock market momentum, it can use fuzzy logic model. In the process of modeling, it will be used 14 days historical data that consisting the value of open, high, low, and close, to predict the next 5 days momentum categories. There are three momentum categories namely Bullish, Neutral, and Bearish. To illustrate the fuzzy logic model, we will use stocks data from several companies that listed on Indonesia Stock Exchange (IDX) in property and real estate sector.

  1. The Determinant Factors of Real Estate Investment Trust (REIT’s Performance: Evidence from Asian REITs

    Directory of Open Access Journals (Sweden)

    Nor Edi Azhar Binti Mohamad

    2014-01-01

    Full Text Available Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} This paper investigates the factors that can influence the Real Estate Investment Trust (REIT’s performance, paying particular attention to the listed REIT’s in Asian.  Samples of 45 Asian listed REITs are selected from five different countries namely Taiwan, Thailand, Malaysia, Hong Kong, Japan and Singapore for 5 years basis from 2007 to 2011 with 225 observations. Study used Net Asset value (NAV and Return as the proxy for REITs performance while risk, dividend yield, net income and size to represent the determinants variable. Applying correlations and multiple regression analysis, the results provide evidence on the association between NAV and return with risk, dividend yield, net income and size of REITs. Results of this study are hoped to help the investors and portfolio managers to deepen their understanding of the dependence factors that might influence the performance of REITs in Asian. Keywords: Net asset value (NAV, Real Estate Investment Trust (REITs, Risk and Dividend Yield.

  2. IMPACT FROM THE USE OF BIM IN ARCHITECTURAL DESIGN OFFICES: REAL ESTATE MARKET OPORTUNITIES

    Directory of Open Access Journals (Sweden)

    Livia Laubmeyer Alves de Souza

    2009-12-01

    Full Text Available This work analyzes the impacts resulting from the implementation of the BIM - Building Information Modelling - technology in architectural design offices, seeking to identify the most relevant aspects of its use on the design process. It also casts a look at the potential spaces and opportunities that rise from the use of the tool. Several international studies have demonstrated the benefits and the changes triggered by the use of the BIM in design concerns, but, as regards the recent Brazilian experience very little is known or has been reported. This way, this work seeks to contribute towards filling this gap, identifying the peculiarities of the Brazilian case, seeking to improve the conditions for the implementation of the new tools and to facilitate the adapting of the technology to Brazilian standards. The research covered the formulation of field studies in architectural design companies located in the city of Rio de Janeiro, São Paulo, and Curitiba. Analyses were made of the difficulties found and the main advantages obtained in the adoption of the BIM technology by these offices. The evaluation of the experiences allowed the identification of countless problems in the transition from the present traditional technology to new information systems: high cost of software, resistance to change by the team, lack of integration between designers, amongst others. It is believed that the data generated in this research can contribute to the promotion of improvements and advancements in the BIM technology, propagating its possibilities and facilitating its larger-scale implementation in the country towards the modernization of the processes in the Brazilian civil construction scenario. The results presented lead to the discussion of the role played by the architect in the real estate market and also demonstrated that there is much to reflect upon on the opportunities to be explored with the use of the BIM. Keywords: BIM, Architectural design

  3. DETERMINAN PROFITABILITAS PADA PERUSAHAAN PROPERTI DAN REAL ESTATE GO PUBLIC DI INDONESIA

    Directory of Open Access Journals (Sweden)

    Fani Karina

    2015-10-01

    Full Text Available Tujuan dari penelitian ini adalah untuk menganalisis pengaruh ukuran perusahaan (size, perputaran piutang, debt to equity ratio, dan market capitalization terhadap profitabilitas. Populasi penelitian ini adalah seluruh perusahaan properti dan real estate yang terdaftar di Bursa Efek Indonesia (BEI pada tahun 2011 – 2013, berjumlah 46 perusahaan. Teknik pengambilan sampel dengan purposive sampling. Sampel yang masuk kriteria sebanyak 28 perusahaan dengan 79 unit analisis.  Metode analisis data penelitian ini menggunakan regresi linier berganda. Hasil penelitian menunjukkan bahwa ukuran perusahaan (size, debt to equity ratio, dan market capitalization tidak berpengaruh secara signifikan terhadap profitabilitas. Sedangkan, perputaran piutang memiliki pengaruh  positif terhadap profitabilitas. Saran untuk peneliti selanjutnya adalah mengambil variabel-variabel lain yang tidak dimasukkan ke dalam penelitian ini, yang mana memiliki potensi untuk mempengaruhi profitabilitas, seperti perputaran total aset dan perputaran modal.This study aims to analyze the effect of company size, receivable turnover, debt to equity ratio, and market capitalization on profitability. The populations of this study are all property and real estate companies listed in Indonesia Stock Exchange (IDX year of 2011 to 2013, amount to 46 companies. The study uses purposive sampling. The companies that meet requirements for this study were 28 companies having 79 data in term of financial reports. Method of data analysis used in this study is multiple linier regression. The results of this study show that the company size, debt to equity ratio, and market capitalization have no significant effect on profitability. Meanwhile, receivable turnover has a positive effect on profitability. Other researches should identify other independent variables that have potential influence on profitability such as total asset turnover and capital turnover.

  4. Exa mining The Measurement Methods of Investment Properties of Real Estate Investment Trusts According to Turkish Accounting Standard 40: Investment Properties Standard

    Directory of Open Access Journals (Sweden)

    Emine Çına Bal

    2015-03-01

    Full Text Available Recently, the real estate industry has developed rapidly in Turkey. As an investment tool,investment in real estate became essential. Within the framework of the Capital Markets Law, organized by the Capital Markets Board of Turkey real estate investment trusts, real estate, real estate-based projects, and real estate capital market instruments by investing in a portfolio management company operating in the specific type. In this study, measurement methods of investment properties after recogn 31 real estate investment trust companies that traded in Borsa Istanbul is analyzed in order to examine the effect of policy selection on return on equity, return on asset and market to book value ratio of the companies’ financial statements and disclosures by using the nonparametric test of Mann-Whitney U Test. Non-consolidated financial statements and disclosures for 2013 of 21 real estate investment trust companies is included to the examination. Results of the test that is individually applied for each ratio show that the effect of policy selection on the ratios is statistically insignificant.

  5. 50 years of real estate investment trusts : An international examination of the international rise and performance of REiTs

    NARCIS (Netherlands)

    Brounen, Dirk; de Koning, Sjoerd

    2012-01-01

    In 1960, the U.S. Congress passed the Real Estate Investment Trust (REIT) Act to expand the investment universe beyond securities such as stocks and bonds. The REIT standard has been adopted in 34 countries. In this paper, we examine the evolution and performance of this international REIT market.

  6. Economic Incentives, Institutions, and Racial Discrimination: The Case of Real Estate Brokers. Discussion Paper D78-4.

    Science.gov (United States)

    Yinger, John

    This paper examines the economic incentives and institutions that support racial discrimination by real estate brokers. The economic incentives are derived from a search model of broker behavior in which a broker searches for buyers and listings (i.e., sellers who will sell through him) and then attempts to match buyers with his listings. This…

  7. Resident-groups taking over the role of professionals, our new hope in sustainable-energy real-estate programs

    NARCIS (Netherlands)

    Sanders, F.C.

    2009-01-01

    For new Real-Estate developments in the Netherlands, as for existing housing stock, Kyoto follow-ups to reduce the carbon energy use in new developments by up to 50% in 7 years have been agreed between government and housing developers since mid 2008. An obstacle to these sustainable-energy program

  8. 50 years of real estate investment trusts : An international examination of the international rise and performance of REiTs

    NARCIS (Netherlands)

    Brounen, Dirk; de Koning, Sjoerd

    2012-01-01

    In 1960, the U.S. Congress passed the Real Estate Investment Trust (REIT) Act to expand the investment universe beyond securities such as stocks and bonds. The REIT standard has been adopted in 34 countries. In this paper, we examine the evolution and performance of this international REIT market. A

  9. Economic Incentives, Institutions, and Racial Discrimination: The Case of Real Estate Brokers. Discussion Paper D78-4.

    Science.gov (United States)

    Yinger, John

    This paper examines the economic incentives and institutions that support racial discrimination by real estate brokers. The economic incentives are derived from a search model of broker behavior in which a broker searches for buyers and listings (i.e., sellers who will sell through him) and then attempts to match buyers with his listings. This…

  10. ON AGENT-BASED REAL ESTATE PRICING SIMULATION%基于Agent的房价仿真研究

    Institute of Scientific and Technical Information of China (English)

    刘聪

    2012-01-01

    Analysis and prediction of real estate pricing is the focus and difficulty at present. The Agent-based modelling and simulation technology is able to construct a quite intact model for real estate pricing model. The real estate market and land market, as well as various related Agents such as the land provider, the developer, the buyer, the seller, and the investor, etc. are included in the model. By depicting the actions, decision making and interactions of these Agents, one can observe the results and phenomena emerged macroscopically from various environmental policies. In the model simulation, the impacts of the factors such as land supply, investment behaviour, interest rate, inflation rate, etc. on a variety of real estate pricing are studied and analysed. The simulation result well reflects and explains the status quo of the real estate pricing.%房价分析和预测是当前的热点和难点.基于Agent建模仿真技术,构建了较为完整的房价模型.模型包括房产市场和土地市场,以及房价相关各种主体,如土地供应者、开发商、买房者、投资者.通过刻画这些主体的行为、决策及交互,观察在不同的环境政策下,宏观涌现出来的结果和现象.模型仿真中研究和分析了土地供应、投资行为、利率、通胀等因素对房价走势的影响.仿真结果能较好地反映和解释房价的现实状况.

  11. Constitutional foundations of the property rights of citizens and organizations for real estate

    Directory of Open Access Journals (Sweden)

    Zarina Kamilevna Kondratenko

    2015-09-01

    Full Text Available Objective to develop a comprehensive scientific conception of the constitutional foundations of the property rights of citizens and organizations for real estate. Methods general and specific scientific methods including formal logical methods hypothesis analysis synthesis deduction induction. The special methods included historical legaltechnical interdisciplinary comparativelegal systemic and other methods of scientific cognition. Results first the Constitution of the Russian Federation does not contain detailed regulation of property relations as they are regulated by the branches of Civil law. Therefore as certain property disputes affect substantial property interests of physical and juridical persons which are not under the protection of property rights in the traditional sense there is a need for a broad interpretation of the relevant provisions of the Russian Constitution. However the mixing of proprietary and contractual rights in this case does not occur. Second the Russian Civil Code reproducing and specifying the constitutional provisions as principles of private law form a direct normative basis of the whole civil law. However the constitutional law attributes a broader meaning to the notions of property and property right than the traditional civil law. Third the possible limitations of the Federal law of the rights of ownership use and disposition of property as well as freedom of entrepreneurship and freedom of contract must meet the requirements of justice to be adequate proportionate be of general and abstract character be not retroactive and not affect the essence of constitutional rights i.e. not limit the scope and application of the substantive content of the relevant constitutional norms.The possibility of such limitations and their nature must be determinedby the need to protect the significant values ndash the foundations of the constitutional system morality health rights and lawful interests of other persons provision

  12. Master Limited Partnerships and Real Estate Investment Trusts: Opportunities and Potential Complications for Renewable Energy

    Energy Technology Data Exchange (ETDEWEB)

    Feldman, D.; Settle, E.

    2013-11-01

    Master Limited Partnerships (MLPs) and Real Estate Investment Trusts (REITs) are two proposed investment vehicles which have the potential to lower renewable energy assets' high cost of capital; a critical factor in the Department of Energy's goal for renewable energy to achieve grid-parity with traditional sources of electric generation. Due to current U.S. federal income tax laws, regulations, and administrative interpretations, REITs and MLPs cannot finance a significant portion of the cost of renewable energy assets. Efforts are underway to alter these rules by changing the definition of 'real property' (REIT) and 'qualified income' (MLP). However, even with rule changes, both investment vehicles have structural challenges to efficiently finance renewable energy assets. Among them are 1) effectively utilizing the U.S. federal income tax incentives; 2) administratively structuring the investments to not be overly onerous or complicated, given the potential for pooling a relatively large amount of small assets; and 3) attracting and retaining a large enough investment community to participate in the funding opportunities. This report summarizes these challenges so that if proposed federal changes are made, stakeholders have an understanding of the possible outcomes.

  13. Real Estate Investment Trusts And Fundamentals of Real Estate Investments : A Case of Turkey(Gayrimenkul Yatırım Ortaklıkları ve Gayrimenkul Yatırımlarının Temelleri: Türkiye Örneği

    Directory of Open Access Journals (Sweden)

    G. Cenk AKKAYA

    2005-01-01

    Full Text Available A real estate investment trust (REIT is a corporation or a business trust that combines the capital of many investors to acquire (or provide financing for various real estate assets. Investors get a share of the earnings, depreciation, etc. from the portfolio of real estate holdings that the REIT owns. REITs were created to provide investors with the opportunity to participate in the benefits of ownership of larger-scale commercial real estate or mortgage lending. Finally, REITs is that they are probably the best inflation hedge around.

  14. Flavonoids: a metabolic network mediating plants adaptation to their real estate.

    Science.gov (United States)

    Mouradov, Aidyn; Spangenberg, German

    2014-01-01

    From an evolutionary perspective, the emergence of the sophisticated chemical scaffolds of flavonoid molecules represents a key step in the colonization of Earth's terrestrial environment by vascular plants nearly 500 million years ago. The subsequent evolution of flavonoids through recruitment and modification of ancestors involved in primary metabolism has allowed vascular plants to cope with pathogen invasion and damaging UV light. The functional properties of flavonoids as a unique combination of different classes of compounds vary significantly depending on the demands of their local real estate. Apart from geographical location, the composition of flavonoids is largely dependent on the plant species, their developmental stage, tissue type, subcellular localization, and key ecological influences of both biotic and abiotic origin. Molecular and metabolic cross-talk between flavonoid and other pathways as a result of the re-direction of intermediate molecules have been well investigated. This metabolic plasticity is a key factor in plant adaptive strength and is of paramount importance for early land plants adaptation to their local ecosystems. In human and animal health the biological and pharmacological activities of flavonoids have been investigated in great depth and have shown a wide range of anti-inflammatory, anti-oxidant, anti-microbial, and anti-cancer properties. In this paper we review the application of advanced gene technologies for targeted reprogramming of the flavonoid pathway in plants to understand its molecular functions and explore opportunities for major improvements in forage plants enhancing animal health and production.

  15. Why Do Fast-Growing Bacteria Enter Overflow Metabolism? Testing the Membrane Real Estate Hypothesis.

    Science.gov (United States)

    Szenk, Mariola; Dill, Ken A; de Graff, Adam M R

    2017-08-23

    Bacteria and other cells show a puzzling behavior. At high growth rates, E. coli switch from respiration (which is ATP-efficient) to using fermentation for additional ATP (which is inefficient). This overflow metabolism results in a several-fold decrease in ATP produced per glucose molecule provided as food. By integrating diverse types of experimental data into a simple biophysical model, we give evidence that this onset is the result of the membrane real estate hypothesis: Fast growth drives cells to be bigger, reducing their surface-to-volume ratios. This decreases the membrane area available for respiratory proteins despite growing demand, causing increased crowding. Only when respiratory proteins reach their crowding limit does the cell activate fermentation, since fermentation allows faster ATP production per unit membrane area. Surface limitation thus creates a Pareto trade-off between membrane efficiency and ATP yield that links metabolic choice to the size and shape of a bacterial cell. By exploring the predictions that emerge from this trade-off, we show how consideration of molecular structures, energetics, rates, and equilibria can provide important insight into cellular behavior. Copyright © 2017 Elsevier Inc. All rights reserved.

  16. Features of collective investmentof real estate housing development in the region

    Directory of Open Access Journals (Sweden)

    Evgeny Konstantinovich Gusev

    2011-12-01

    Full Text Available This paper analyzes the characteristics of the organization process of real estate housing development financing in Russia during 1990-2010 years. The role and place of collective investment institutions in housing financing in the region is defined. An author's interpretation of the concepts of the process of collective investment schemes and collective investment institutions is presented. The classification of collective housing investment institutions is substantiated. The role and place of particular groups or types of collective investment institutions in the financing of housing was examined. The function of investment funds in the financing of the investment activity of the regions was determined. The structure of domestic and foreign investment funds was compared. Domestic and foreign experience of housing financing with a particular financial institution investment — mutual funds — was eamined. The role and functioning of specific closed-end mutual funds investing in the housing is defined. Factors enhancing the processes of collective housing investment with closed-end mutual funds were investigated.

  17. The Linkages between Real Estate Tourism and Urban Sprawl in Majorca (Balearic Islands, Spain

    Directory of Open Access Journals (Sweden)

    Angela Hof

    2013-05-01

    Full Text Available Financial capitalism has driven profound changes in urban land use patterns in Majorca, at the Balearic Islands (Spain. This archipelago is a major tourist destination located in the Mediterranean basin, with 4,492 km2 of surface area, 1,113,114 inhabitants and 12,316,399 tourists (2011, of whom 29.9% came from Germany, 24% from the UK and 19% from the rest of Spain. Neoliberal state regulation has favored the elite’s financial interests in the real estate sector through transport megaproject investment and lifting regional planning restrictions which prevented urban growth. Urban sprawl is becoming increasingly significant for inland Majorca, where intensive tourist resorts had not previously been developed. Urban growth distribution patterns are studied, firstly of suburban development both for tourists and for residential purposes, and secondly of exurban sprawl distribution for isolated dwellings. Recent regional planning relaxation guided by the free market economy and roll-with-it politics aims to promote this urban sprawl as a neoliberal answer to the current crisis of capitalism. In this way, a new model of capital investment in urban spatio-temporal fix, such as countryside villas with swimming pools, is shifting the urban model of this island. The paper identifies the site-specific spatial, temporal and planning pathways through which the actions and decisions of residential tourists and developers buying property in Majorca have driven urban sprawl and vice versa.

  18. Wind energy development and perceived real estate values in Ontario, Canada

    Directory of Open Access Journals (Sweden)

    Chad Walker

    2014-11-01

    Full Text Available This paper focuses on public concerns about real estate value loss in communities in the vicinity of wind turbines. There are some conflicting results in recent academic and non-academic literatures on the issue of property values in general—yet little has been studied about how residents near turbines view the value of their own properties. Using both face-to-face interviews (n = 26 and community survey results (n = 152 from two adjacent communities, this exploratory mixed-method study contextualizes perceived property value loss. Interview results suggest a potential connection between perceived property value loss and actual property value loss, whereby assumed property degradation from turbines seem to lower both asking and selling prices. This idea is reinforced by regression results which suggest that felt property value loss is predicted by health concerns, visual annoyances and community-based variables. Overall, the findings point to the need for greater attention to micro-level local, and interconnected impacts of wind energy development.

  19. 2000-2003 Real Estate Bubble in the UK but not in the USA

    CERN Document Server

    Zhou, W X

    2003-01-01

    In the aftermath of the burst of the ``new economy'' bubble in 2000, the Federal Reserve aggressively reduced short-term rates yields in less than two years from 6.5% to 1.25% in an attempt to coax forth a stronger recovery of the US economy. But, there is growing apprehension that this is creating a new bubble in real estate, as strong housing demand is fuelled by historically low mortgage rates. Are we going from Charybdis to Scylla? This question is all the more excruciating at a time when many other indicators suggest a significant deflationary risk. Using economic data, Federal Reserve Chairman A. Greenspan and Governor D.L. Kohn dismissed recently this possibility. Using the theory of critical phenomena resulting from positive feedbacks in markets, we confirm this view point for the US but find that mayhem may be in store for the UK: we unearth the unmistakable signatures (log-periodicity and power law super-exponential acceleration) of a strong unsustainable bubble there, which could burst before the e...

  20. Regional tourism real estate the definition Space%旅游房地产概念解析及相关问题探讨

    Institute of Scientific and Technical Information of China (English)

    黄亮; 李刚

    2014-01-01

    旅游与房地产的融合催生了旅游房地产业的兴起。然而,目前国内学界对于何为旅游房地产在认识上仍然存在一定的偏差。因此,文章结合国内外旅游房地产的发展实践,重点对旅游房地产的基本概念进行界定,并进一步就旅游房地产项目的空间选择及分时度假在旅游房地产中的应用等相关问题进行了初步探讨。%Tourism and integration of real estate has spawned the rise of tourism real estate. However, domestic tourism real estate circles for what is stil there is a certain bias in the understanding. Therefore, the article combined domestic and international tourism and real estate development practice, focusing on the basic concepts of tourism real estate to define and further on space travel choices and Timeshare issues related to real estate projects in tourism and real estate in the application were discussed.

  1. 房地产信贷在房地产开发投资中的乘数效应%The multiplier effect of real estate loan in real estate investment

    Institute of Scientific and Technical Information of China (English)

    张戈; 郭琨; 王珏; 汪寿阳

    2012-01-01

    As an important source to the total real estate investment, real estate loan may have multiplier effect through endogenous growth, which can lead to a over fast growth of real estate investment. This paper tests whether the multiplier effect really exists by establishing a state space model. And the result confirms the existence of the multiplier effect. An empirical measurement of the multiplier and its convergence time is performed using historical data. Besides, this paper analyzes the influence of the loan policy, and leads to the conclusion that loan retrenchment policies have significant influences on the amount of real estate loan, while stimulating policies don't have any significant influences.%银行信贷作为房地产开发投资的重要资金来源,可能通过内生增长的形式表现出乘数效应,使得开发投资总量快速增长.通过建立状态空间模型对房地产开发投资中银行信贷资金的乘数效应进行了实证检验,结果表明房地产信贷的乘数效应确实存在;并利用历史数据对乘数大小进行了估计,测算了乘数效应的收敛时间.基于模型结果对我国银行信贷调控政策的有效性进行了检验和分析,结果表明我国的紧缩性信贷调控政策对房地产开发投资有显著影响,而刺激性信贷调控政策对房地产开发投资的影响并不显著.

  2. REIT Performance and Option of Financing Real Estate Project in Developing Countries - (A Case of M-REIT and NREIT

    Directory of Open Access Journals (Sweden)

    Olaopin Olanrele Olusegun

    2014-01-01

    Full Text Available Performance of REITs have been largely measured using benchmark from the stock market indices (S&P500, Sharpe ratio, KLCI, etc or correlation studies. The real world of REIT shows that both economic and environmental factors exert influence on REIT performance on a simultaneous nature. Adopting quantitative method, where secondary data were statistically analysed. We proposed the use of multivariate regression where REIT performance (Y is the independent variable to be predicted by predictor variables of internal and external factors (X1–Xn. We equally proposed a possibility of REIT financing real estate project, against the existing regulations which prohibit such, using average return method of portfolio analysis on assumed numerical data. The study finds that economic factors jointly have a significant effect on REIT performance at P =0.044 while none of the factors has significant contribution individually. A benchmark REIT return of 5.3% is predicted. The study recommends a linear regression model analysis for REITs benchmark based on past performance for return measurement. REIT can only finance real estate project in the countries where there is acute shortage of fund and property stock. We suggest a modification of REIT laws to accommodate real estate financing by REITs.

  3. Facilities Management and Corporate Real Estate Management as Value Drivers: How to Manage and Measure Adding Value

    DEFF Research Database (Denmark)

    a variety of different fields with practical experience. It also includes 12 interviews with practitioners, shedding light as to how they manage adding value in practice. This is a much needed resource for practitioners, researchers and teachers from the field of FM and CREM, as well as students at both......Facilities Management (FM) and Corporate Real Estate Management (CREM) are two closely related and relatively new management disciplines with developing international professions and increasing academic attention. Both disciplines have from the outset a strong focus on controlling and reducing cost...... for real estate, facilities and related services. In recent years there has been a change towards putting more focus on how FM/CREM can add value to the organisation. The book is research based with a focus on guidance to practice. It offers a transdisciplinary approach, integrating academic knowledge from...

  4. Analysis of the South African input-output table to determine sector specific economic impacts: A study on real estate

    Directory of Open Access Journals (Sweden)

    Douw Gert Brand Boshoff

    2016-11-01

    Full Text Available Input-output analysis is a well known method of analysing specific economic activity and the influence of different sectors on the economy and on one another. This study investigates the ability of input-output analysis to consider the importance of commercial real estate on the economy. It analyses the economic activity, contribution to GDP, employment created and taxes generated with reference to direct, indirect and induced impacts. The research shows the contribution of the specific sector on the economy and highlights the ability of input-output analysis to determine the impact of different types of property and locational analysis. The interaction of property with the economy is discussed, which also enables the use of the analysis reported here for short term future forecasting, whereby expected real estate activity is used to forecast the direct, indirect and induced effects on the economy.

  5. On the distribution of prices in market real estate and «offset» estimations of market value

    Directory of Open Access Journals (Sweden)

    N. P. Barinov

    2016-01-01

    Full Text Available The published results of stochastic modeling and experimental studies on the distribution of prices of real estate markets, accompanied by the conclusions of a systematic overestimation of the market value of the consultants-valuers are stated in the article. Displaying the fundamental difference between the distributions of prices on different objects observed in the real estate market and the distribution of possible prices for the estimated object. The conclusion about the absence of grounds for the allegations of a systematic overestimation of the market value as a result of these differences is fixed. Formation unbiased valuations based on the properties of the distribution  of the adjusted average prices of the sample analogs are also explained.

  6. The Role of Real Estate in Sustainable Development in Developing Countries: The Case of the Kingdom of Bahrain

    Directory of Open Access Journals (Sweden)

    Yusra Mouzughi

    2014-04-01

    Full Text Available The construction of real estate has the potential to advance sustainability in terms of meeting economic and social criteria—the Business Case and the Societal Case. This is a crucial aspect in the stated visions and plans in many developing countries. Hence, it is important to understand how real estate can best contribute. Semi-structured interviews with a number of decision-makers involved in the real estate sector in the Kingdom of Bahrain were undertaken to explore perceptions of how the sector could best contribute to sustainable development. The decision-makers came from government bodies, investment banks, real estate developers, investors, constructors, project consultants and auditors. The interviews highlight the importance of having a stated vision and strategy which is highly visible and shared by all stakeholders. In the case of Bahrain this is Vision 2030 and the National Economic Strategy. It is important to ensure that any plans that are put in place to achieve the vision/strategy are adaptable to reflect changes in the external environment. The decision-makers identified three areas of focus in terms of the content of policy in order to meet the economic and social-related sustainability criteria as set out in Vision 2030 and the National Economic Strategy. These are: infrastructure, affordable housing and tourism/leisure. Within these three areas, that of infrastructure is also the key enabler for developments in the other two areas to be realized. In terms of a method of governance, the use of public-private-partnerships (PPPs was identified as being highly appropriate. Such partnerships are not only useful to leverage private sector investment into specific development projects but also to ensure that such development harnesses innovative and efficient methods.

  7. Pengaruh Good Corporate Governance Terhadap Manajemen Laba dan Kinerja Perusahaan Real Estate dan Property yang Terdaftar di Bursa Efek Indonesia

    OpenAIRE

    Girsang, Isian Mahdalena

    2010-01-01

    The purpose of this research is to know the influence of good corporate governance to the earning management and company performance of the real estate and property companies that listed in Indonesian Stock Exchange period 2007 up to 2008. This study was also intended to know which performance measures have the most significant effect to the earning management and company performance. Data that used in this research is annual report from each company, publized through website www.idx.co.id. ...

  8. Pengaruh Good Corporate Governance Terhadap Manajemen Laba Pada Perusahaan Real Estate dan Property yang Terdaftar di Bursa Efek Indonesia

    OpenAIRE

    Sagita, Winda

    2016-01-01

    The purpose of this research is to know the influence of good corporate governance to the earning management of the real estate and property companies that listed in Indonesian Stock Exchange period 2010 up to 2014. This study was also intended to know which performance measures have the most significant effect to the earning management. Data that used in this research is annual report from each company, publized through website www.idx.co.id. Analysis method that used in this research is ...

  9. Private investment in hospitals: a comparison of three healthcare systems and possible implications for real estate strategies.

    Science.gov (United States)

    van der Zwart, Johan; van der Voordt, Theo; Jonge, Hans de

    2010-01-01

    This article explores lessons to be learned from three different healthcare systems and the possible implications for the management of healthcare real estate, in particular in connection to the Dutch system. It discusses similarities and differences among the different systems, in search of possible consequences on cost, financing, and design innovation. To keep healthcare affordable in the future, the Dutch government is currently in the process of changing legislation to move from a centrally directed system to a so-called regulated market system. The deregulation of real estate investment that accompanies the new healthcare delivery system offers healthcare organizations new opportunities, but also more responsibility and greater risk in return on investment. Consequently, healthcare organizations must find new methods of financing. Private investment is one of the options. Three healthcare systems were analyzed on the basis of a literature review and document analysis, then schematized to show similarities and dissimilarities with regard to private investment in hospitals. Observations are based on a selection of recently published articles on private-sector financing and its implications for healthcare real estate decision making in the Netherlands, the United Kingdom, and Germany. The strengths and weaknesses of three healthcare systems with differing proportions of private and public investment in hospitals were explored. Research revealed a gap between intended effects and actual effects with regard to quality and cost. Costly private finance does not necessarily lead to "value for money." Transferring real estate decisions to private investors decreases the influence of the healthcare organization on future costs and quality. The three healthcare systems show substantial differences between public and private responsibilities. Less governmental involvement affords both opportunities and risks for hospitals. Private investment may lead to innovation

  10. 我国房产税功能辨析%Research on the Real Estate Tax Reform in China

    Institute of Scientific and Technical Information of China (English)

    朱明熙; 何通艳

    2012-01-01

    在我国房价飞速上涨、买房难的社会背景下,房产税改革问题受到广泛关注,上海、重庆两市率先迈出了对非经营性房产征收房产税的步伐。本文探讨了对非经营性房产征税的税收功能定位问题,并基于调节贫富差距和节约使用资源的视角提出了进一步完善房产税的思路。%In the context of the soaring housing prices and insufficient housing supply, China's real estate tax reform has caused wide public concern. Both Shanghai and Chongqing have imposed pilot real estate tax on the non-operating property. This paper discusses some problems on the functional orientation of non-operating real estate tax. The paper also puts forward some ideas to improve the property tax from the perspective of regulation of poor-rich gap and land saving.

  11. Data sources for the purpose of decision making in real estate investment analysis in the territory of Kragujevac City

    Directory of Open Access Journals (Sweden)

    Milena Popović

    2015-04-01

    Full Text Available Analysis of investing in real estate is a complex process for whose implementation two steps are mandatory: data collection and analysis. As the real estate represent a very important resource (both for individuals and for the state, investment analysis must be done carefully in order to achieve the goals of all participants in the investment process. Data necessary for the implementation of investment analysis include data from relevant state institutions which are dealing with planning, management, registration and taxation of real estate. Privacy policy of insight into these data and their usage greatly differs between different institutions. Some of the data are publicly available, while the availability of other is greatly limited. Some institutions have enabled viewing data through web services, while others do not have the technical capabilities to do so. Considering the contemporary aspect of management and use of geo-data in the analysis and decision-making, the availability of data in electronic form via the web service becomes imperative.

  12. A Paradox of Town Spatial Development: The Growing Real Estate and Shrinking Town - a Case Study of Hsinchu County, Taiwan

    Science.gov (United States)

    Hung, Chi-Tung; Chuang, Mo-Hsiung; Lin, Wen-Yen

    2017-04-01

    The key factors of many discussions on shrinking towns are focusing at decreasing population and declining industries. Our study, using Hsinchu County as an example, has found that part of the county (Guanxi township) is following a typical and traditional town development pattern, while somewhere else of this county (Zhubei township) shows rapid growth in real estate but with a high vacancy rate. Even though the distance between Guanxi and Zhubei is less than 20 kilometers, the spatial development phenomenon of the two townships are both "shrinking" in the same county but very different in their developing paths. This study used GIS to overlay the maps from field survey and archive data, such as real estate prices of different years, environmental hazards and disaster records, local area power consumptions, and vulnerable population data, to clarify the causes and systems behind the shrinking phenomena of the two townships and to construct a theory of "shrinking town" in Taiwan. The contribution of this study is the findings of the tangling relations of the vulnerability from land-enclosure policy, the system design of local industrial development and urban planning, and structural factors of environmental hazards. Note: This study is part of the results from the Ministry of Science and Technology funding project (MOST 105-2621-M-120-002) KEYWORDS: shrinking town, environmental hazards, urban planning, spatial disasters, real estate development

  13. The effect of locations of central metro stations on real estate values. A case study of Thessaloniki, Greece.

    Directory of Open Access Journals (Sweden)

    Agapi Xifilidou

    2012-07-01

    Full Text Available Almost all of the most populated cities in the world have invested heavily on high capacity urban public transit systems. Apart from the direct economic benefits –travel time reduction, environmental benefits, some indirect benefits are the increase in real estate values (residential and commercial, improved accessibility and possible land use changes towards the development of an area. This study investigates the impact of the future central metro stations of Thessaloniki on real estate values. Real estate values can increase up to 11,3% at a distance shorter than 50 m and gradually decrease up to -14% for a distance greater than 500 m. A hedonic analysis is presented so as to determine the influence of metro stations to 52 commercial properties. The results of the investigation indicate that the changes in market are not necessarily connected or totally attributed to the construction of the metro stations. Instead interesting results show that in some cases common belief about the impact of urban public transit systems can be slightly different.

  14. Study on the roles and acting mechanism of the real estate brokerage in China second-hand housing market

    Institute of Scientific and Technical Information of China (English)

    HUANG Ying; LIU Hong-yu; LIU Lin

    2006-01-01

    As China housing reform deepens, the second-hand housing transactions become more and more popular and real estate brokerages, as an intermediary of the transactions, become an undeniable important part of this market. This article mainly explores the roles and the acting mechanism of real estate brokerages in the second-hand housing market. The results show that the participation of real estate brokers in the second-hand housing market may have positive and negative influences. On one side, brokers ease the housing transaction process and benefits buyers and sellers by shortening the sale time on the market. On the other side, if brokers are the only participants in the housing transaction, acting as buyer and seller like some firms do, housing prices will increase and this negative effect will become even stronger as the participation of many more brokers increases. Therefore, the regulation and management of the industry is vital for the long and healthy development of the housing market in China.

  15. Methods of modeling TCO residential real estate in the life cycles of buildings as a promising energy efficiency management tool

    Directory of Open Access Journals (Sweden)

    Kulakov Kirill

    2017-01-01

    Full Text Available Building and developing an affordable housing market is a huge challenge for Russia’s national economy. Today, the housing construction industry finds itself in a situation torn by a conflict caused by the simultaneous needs to minimize the housing construction costs in order to make housing more affordable for Russians and to increase the energy efficiency of the housing projects, which is associated with additional costs for developers. To find solutions to this contradictory situation, one needs new theoretical and practical approaches and economic tools. The global economic trend of managing goods and services on the basis of the value of goods and services over the life cycle is also manifested in the construction industry in Russia. The problem of forming a new economic thinking in the housing sector predetermines the perception of the value of housing not only as the price of purchased real estate, but as the equivalent of the total cost of ownership of real estate throughout its life cycle. This approach allows to compensate the initial rise in the cost of construction resulting from the introduction of energy-efficient technologies by savings in the operational phase of the life cycle of the property. In this regard, management of the total cost of real estate ownership based on energy modeling is of high research and practical relevance.

  16. Amplifying Real Estate Value through Energy&WaterManagement: From ESCO to 'Energy Services Partner'

    Energy Technology Data Exchange (ETDEWEB)

    Mills, Evan

    2004-06-08

    The energy service company (ESCO) business model could become significantly more effective by integrating the energy-efficiency purveyor and their capital into the underlying building ownership and operation partnership, rather than the current model in which the ESCO remains an outsider with higher transaction costs and limited interest and participation in the value created by the cost savings. Resource conservation advocates rarely use the language of real estate to articulate the cost effectiveness of capital improvements aimed at reducing utility costs in commercial and residential income properties. Conventional methods that rely on rarefied academic notions of simple payback time or a narrow definition of return on investment fail to capture a significant component of the true market value created by virtue of reduced operating expenses. Improvements in energy and water efficiency can increase the fundamental profitability of real estate investments by raising Net Operating Income (NOI), and hence returns during the holding period, and, ultimately, proceeds at time of sale. We introduce the concept of an Energy Services Partner, who takes an equity interest in a real estate partnership in exchange for providing the expertise and capital required to reduce utility operating costs. Profit to all partners increases considerably as a result. This approach would also help to address a crisis facing ESCOs today stemming from their considerable liabilities (through guaranteed savings) and negligible offsetting assets.

  17. Methods of Event History Analysis in the Assessment of Crisis Impact on Sectors Related with the Real Estate Market in Poland

    National Research Council Canada - National Science Library

    Beata Bieszk-Stolorz; Iwona Markowicz

    2017-01-01

    The subject of the article is the use of methods of event history analysis to assess the fall of prices and the subsequent increase of share prices of companies operating in the construction industry, developers (real estate...

  18. 浙江房地产市场发展研究报告%Researching Report of Real Estate Market Development of Zhejiang Province

    Institute of Scientific and Technical Information of China (English)

    浙江省企业调查队课题组

    2005-01-01

    The real estate market of Zhejiang Province has been being the focus of attentions of scholars. The paper systematically analyses the evolution of the market and forecasts the prospects of the market justifiably.

  19. 企业孵化器发展与物业服务创新%The Development of Enterprise Incubator and the Innovation of Real Estate Service

    Institute of Scientific and Technical Information of China (English)

    陈小浪; 王继明

    2014-01-01

    阐述了创业苗圃物业管理与重大项目管理的功能,分析了孵化器物业管理、加速器物业管理及产业园物业管理的重心,它们分别是项目管理、创业管理、成长管理、完整管理。%This paper expounds the functions of entrepreneurship nursery’s real estate management and major project management, and analyzes the focuses of incubator’s real estate management, accelerator’s real estate management and industrial park’s real estate management, which are respectively the project management, entrepreneurship management, growth management and integrity management.

  20. The Stability of the Speculation about the Real Estate Vendors%房地产销售商投机行为的稳定性分析

    Institute of Scientific and Technical Information of China (English)

    王传会; 方志耕; 公维凤

    2012-01-01

    分析了房地产销售的纳什博弈模型、房地产开发商作为领导者寡头博弈模型、房地产销售商作为领导者寡头博弈模型、房地产市场销售讨价还价博弈模型四种房地产市场销售博弈模型的利益分配机制和收益策略.结果表明,在房地产开发商作为领导者寡头博弈策略中,房地产销售商具有实施投机行为的动机,利益分配机制不稳定;在房地产销售商作为领导者寡头博弈策略中,房地产销售商没有实施投机行为的动机,利益分配机制的稳定;在房地产市场销售讨价还价博弈策略中,房地产销售商利益分配机制的稳定性与房地产产品的差异化替代率和无限期重复博弈策略的贴现率均有关.%The Nash game model of the real estate sales, and the Oligoly game model of the real estate developers, and the Oligoly game model of the real estate venders, and the Bargaining game model of the real estate sales are all established in this paper. The mechanism of interest distribution and strategies of income in the four kinds of game models are analyzed. The results show that, in the oligarchs game model of the real estate developers, the real estate venders possess motivation about the speculation, and the mechanism of interest distribution is unstable. In the oligarchs game model of the real estate venders, the real estate venders don't possess motivation about the speculation, and the mechanism of interest distribution is stable. In the bargaining game model of the real estate sales, the mechanism of interest distribution about real estate venders is related to substitution of the difference of the real estate products and discount rate of the repeated game strategy indefinitely.