WorldWideScience

Sample records for real estate markets

  1. 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...

  2. 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, ...

  3. 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...

  4. 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.

  5. 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

  6. 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 ...

  7. 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.

  8. 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.

  9. 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

  10. 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

  11. 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.

  12. 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.

  13. 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...

  14. 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

  15. 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.

  16. 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.

  17. 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.

  18. 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.

  19. 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, ...

  20. 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.

  1. 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...

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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

  7. 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.

  8. 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...

  9. 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...

  10. 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.

  11. 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...

  12. 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.

  13. 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.

  14. 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...

  15. 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.

  16. 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

  17. 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.

  18. 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...

  19. 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.

  20. 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.

  1. 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...

  2. 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...

  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. 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.

  5. 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

  6. 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.

  7. 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.

  8. 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...

  9. 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.

  10. 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。

  11. 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.

  12. 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.

  13. 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...

  14. 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.

  15. 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.

  16. 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.

  17. 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.

  18. 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.

  19. 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.

  20. 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.

  1. 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.

  2. 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)

  3. 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.

  4. 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.

  5. 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...

  6. 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...

  7. 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 .

  8. 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.

  9. 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.

  10. 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.

  11. 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.

  12. 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.

  13. 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...

  14. 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...

  15. 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.

  16. 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.

  17. 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.

  18. 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.

  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. 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.

  1. 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.

  2. 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.

  3. 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.

  4. 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,

  5. 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.

  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. 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.

  9. 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…

  10. 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…

  11. 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.

  12. On Representativeness of Internet Data Sources for Real Estate Market in Poland

    Directory of Open Access Journals (Sweden)

    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.

  13. 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.

  14. 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

  15. 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.

  16. 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.

  17. 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...

  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. 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...

  20. 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.

  1. 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

  2. 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 ...

  3. 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…

  4. 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…

  5. 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...

  6. Research on Market Position to Real Estate Marketing%论房地产营销中的市场细分

    Institute of Scientific and Technical Information of China (English)

    张海云

    2011-01-01

    本文在分析当前房地产市场营销存在的主要问题的基础上,对房地产市场细分理论及其作用,依据进行了阐述,通过实例进一步说明了市场细分理论有利于房地产业的发展,提高企业竞争力.%This article expounds the theory on market position and founction in real estate market by analyzing the main problems on real estate marketing. It further confirms through practical instances that market position theories have advantages for the development of real estate and thus improving, enterprises competition.

  7. 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...

  8. Investigation of the main trends of the primary real estate market in Ukraine and peculiarities of the seller marketing activity

    Directory of Open Access Journals (Sweden)

    N.Ye. Seliuchenko

    2016-12-01

    Full Text Available The aim of this article. The main objective of this paper is to study the primary real estate market of Ukraine and identify the impact of the results on the formation of individual components of the marketing activity of construction companies and sellers. In this paper it was investigated the dynamics of supply in the primary real estate market of Ukraine during the period between 2000 and 2015, and assessed the dynamics of average prices for residential real estate in the city of Kyiv since the beginning of January 2003 until the end of July 2016. The dynamics in the city of Kyiv reflects prices trends for housing in Ukraine in general. The results of the analysis. On the basis of results obtained by national scientists and our own statistical calculations it was distinguished separate stages in the formation of the primary real estate market and compared trends of the volume of commissioning of housing area and the number of built apartments during the periods of 2003-2007 and 2009-2015. It was also determined factors that influenced the volume of housing supply during mentioned periods and caused some differences in the dynamics of supply of housing area and the number of built apartments. Before the collapse of the market in 2009 the trends of both indices were quite similar. Since 2010 the volume of housing, put into operation, somewhat fluctuated. At the same time there was a gradual increase in the number of built apartments. Dynamics of commissioning during 2003-2007 corresponds to the trend which is described by exponential function, and the trend of this indicator for 2009-2015 is characterized by the logarithmic function, which confirms the faster change of the indices at the beginning of this period and their slowing down in 2011-2013. Dynamics of flats built in both periods is characterized by exponential dependence. Equation parameters that describe the trends of the change in the number of flats built for both periods are quite

  9. 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.

  10. 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

  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. 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.

  13. 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:

  14. 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...

  15. 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...

  16. 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.

  17. 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.

  18. Analysis of Health Conditions of Real Estate Market in Heilongjiang%黑龙江房地产市场健康状况分析

    Institute of Scientific and Technical Information of China (English)

    崔明欣; 肖艳玲; 陈天鹏

    2012-01-01

    房地产市场是地区性市场,黑龙江房地产市场必有其特性.基于黑龙江房地产市场近十年发展数据,利用系统化方法确定黑龙江省房地产市场的健康区间,并从价格、规模、金融、供求、结构五个角度,对12个房地产市场发展指标进行动态分析,以探讨黑龙江房地产市场健康状况.%The real estate market is the regional market, the real estate market in Heilongjiang must have its characteristics. Heilongjiang province Based on the nearly 10 years of development data of real estate market in Heilongjiang, and using systematic method, determines the health interval of real estate market in Heilongjiang, and carries out dynamic analysis on 12 real estate market development index, in order to investigate the health conditions of real estate market in Heilongjiang.

  19. Experience in real estate marketing strategy%房地产中体验式营销策略

    Institute of Scientific and Technical Information of China (English)

    李阳; 廖驯申; 刘艳蒙

    2014-01-01

    Although the real estate industry is showing strong growth, many business ideas are unable to keep pace with the speed of the industry development, which seems to lag be-hind accordingly. Based on the theory of experiential marketing, this article has summarized the current real estate marketing model and proved the necessary trend of the experiential market-ing in the marketing plan. And it also has discussed the experi-ence economy from product design to on-site sales of each link and established the method to maintain the win-win relationship between the developers and property buyers.%房地产行业发展势头迅猛,但其中许多经营理念却跟不上行业发展的速度,显得相对滞后。文章借助体验式营销的基本理论,总结当前的房地产营销模式,证明在销售策划中体验式营销的必要发展趋势。探讨了从产品设计到现场销售的每个环节的体验式经济,建立了维系开发商和购房者多赢的方法。

  20. 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.

  1. Promoting the Sustainable Building Market: an Evolution Analysis and System Dynamics Simulation on Behaviors of Real Estate Developers and Government

    Directory of Open Access Journals (Sweden)

    Xiuli Xie

    2014-05-01

    Full Text Available Purpose: The Chinese government takes measures to promote the development of green building (GB. But until 2013, there are only few green buildings in China. The real estate developers are skeptical in entering GB market, which requires theories to explain developers and government’s behaviors.Design/methodology/approach: In this study, we attempt Evolutionary game theory and System dynamics (SD into the analysis. A system dynamics model is built for studying evolutionary games between the government and developers in greening building decision making.Findings and Originality/value: The results of mixed-strategy stability analysis and SD simulation show that evolutionary equilibrium does not exist with a static government incentive. Therefore, a dynamical incentive is suggested in the SD model for promoting the green building market. The symmetric game and asymmetric game between two developers show, if the primary proportion who choose GB strategy is lower, all the group in game may finally evolve to GB strategy. In this case and in this time, the government should take measures to encourage developers to enter into the GB market. If the proportion who choose GB strategy is high enough, the government should gradually cancel or reduce those incentive measure.Research limitations/implications: an Evolution Analysis and System Dynamics Simulation on Behaviors of Real Estate Developers and Government could give some advice for the government to promote the green building market.

  2. STOCHASTIC PRICING MODEL FOR THE REAL ESTATE MARKET: FORMATION OF LOG-NORMAL GENERAL POPULATION

    Directory of Open Access Journals (Sweden)

    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.

  3. 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...

  4. 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.

  5. 房地产市场自组织运行机理研究%Research on the mechanism of the real estate market self-organization operation

    Institute of Scientific and Technical Information of China (English)

    邱奇; 高新

    2016-01-01

    With the completion of the reform of China's real estate market, real estate has become a pillar industry of the national economy. However, in recent years, China's real estate market operation practice shows that Traditional market economic theory flawed in the real estate market control field. This paper uses the operating mechanism of self-organization theory to analyze the real estate market, and reached the following conclusions: Real estate market is mainly self-organization run and it has a significant feature of dissipative structures. Self-organization process for the real estate market is double-edged sword. Due to the presence of these two tendencies, the result of the operation of self-organization of the real estate market will exist two possible: one is positive results, which will lead to the formation of the real estate market and prompted the real estate market in the development of mature; another is negative results, which will lead to the real estate market bubble and eventually lead to the collapse of the real estate market. Government regulation and control the real estate market should follow the principle of timeliness.%随着我国房地产市场化改革的完成,房地产业已成为国民经济的支柱产业。然而,近几年我国房地产市场的运行实践表明,传统市场经济理论在房地产市场管控领域存在缺陷。本文主要运用自组织理论分析房地产市场的运行机理,并得出以下主要结论:房地产市场的运行主要是自组织,房地产市场具有显著的耗散结构特征。自组织过程对于房地产市场发展来说是把双刃剑:既可能是积极的协同,也可能是消极的崩溃。由于存在这两种倾向,房地产市场的自组织运行的结果也就存在两种可能:一种是积极结果,这将促使房地产市场的形成,并促使房地产市场在发展中成熟;另一种是消极结果,这将促使房地产市场出现泡沫并最

  6. Integrating data mining technique and AHP in market analysis to propose new product development in real estate

    Science.gov (United States)

    Yunita; Galinium, M.; Lukas

    2017-01-01

    New product development in real estate industry is a challenging process since it is related to long term concept and high cost. A newly proposed product development should meet customer need and their preferences which appropriate with customer buying power and company value. This research use data mining for profiling customer transaction and Analytic Hierarchy Process (AHP) method for product selection in new product development. This research utilizes Weka as data mining open source software to profiling data customers. The analysis correlated product preferences and profiling demography such as city, age, gender and occupation. Demography profiles gives description buying power and product preferences. The products proposed are based on customer profiles and rank of the product by AHP method. The product with the highest score will be proposed as new product development. Case studies of this research are real estate projects in Serang, Makassar, and Balikpapan. Makassar and Balikpapan are the project that already gained success and Serang is new project which new products development will be proposed to launch. Based on profiling and product preference of customer in Balikpapan, Makassar, and prospectus of Serang markets, new products development that will be proposed are house type of 120/200 m2 with price around Rp1.300.000.000 and house type of 71/120 m2 with price around Rp800.000.000. The markets of Serang and Balikpapan have similarities in profiles as urban city so the new products development will adopt the succeed story of Balikpapan project.

  7. 天津汉沽房地产市场运行研究%Hangu District Real Estate Market Operation Research

    Institute of Scientific and Technical Information of China (English)

    《汉沽房地产市场运行研究》课题组

    2016-01-01

    This paper is based on the rapid development of Tianjin Binhai New Area,the research and evaluation of the real estate market in Hangu is very important.Through the statistical data collected from the Hangu,real estate market development in the process of change,comprehensive and systematic analysis of the real estate market in Hangu over the years the total supply and demand, supply and demand structure,the real estate price index, operation characteristics and influencing factors of Hangu real estate market,the basic theory of real estate market based on the same time,comparison Hangu Binhai New Area and other areas of the real estate market,the intrinsic link between the analysis of indexes and the city of Tianjin,Binhai New Area real estate market situation,accurately reflect the current Hangu,real estate market operation status and development suggestions were put forward.%站在天津滨海新区快速发展的角度,研究、评价汉沽房地产市场运行状况十分重要。通过搜集整理汉沽房地产市场发展过程中的统计数据,全面、系统地解析汉沽房地产市场历年的供需总量、供求结构、房地产价格等指标的变化,探究汉沽房地产市场的运行特征及其影响因素,同时基于房地产市场运行的基础理论,横向比较汉沽与滨海新区其他区域房地产市场,分析各指标与天津市、滨海新区房地产市场运行状况之间的内在联系,较为准确地反映当前汉沽房地产市场运行状况并提出发展建议。

  8. 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

  9. 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...

  10. 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...

  11. Appraisal of the Fischer-DiPasquale-Wheaton (FDW real estate model and development of an integrated property and asset market model

    Directory of Open Access Journals (Sweden)

    H Du Toit

    2015-04-01

    Full Text Available This paper provides a concise overview of the development of an integrated property and asset market model (IPAMM for South African property markets, utilising the Pretoria office market as case study. The IPAMM simulates the interrelationships between property and asset markets in a diagrammatic quadrant model configuration. The Fischer-DiPasquale-Wheaton (FDW real estate model, arguably the most advanced diagrammatic quadrant real estate model available at present, served as basis for the development of IPAMM. IPAMM is essentially a regression model based on a system of stochastic equations that captures the interrelationships between property and asset markets. The model advances beyond mere conceptualisation of these relationships to a quantified interpretation and application of the theoretical premises that represent the micro-foundations of economic behaviour in property and asset markets.

  12. 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

  13. 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

  14. The Survey on the Development of Shenyang Real Estate Market%沈阳市房地产市场发展情况调查

    Institute of Scientific and Technical Information of China (English)

    宋洋

    2012-01-01

    Until 2011 September, Shenyang real estate market had notable variation. To understand this effect on the financial industry, we selected 10 financial institutions and 12 real estate development companies in Shenyang and carried on field research on them. The research shows: as the impact of national macro-control policies, Shenyang real estate turnover began to decline, but prices rose slightly. Our real estate prices are relatively low, and the market rigid demand is more, so the real estate market is basically stable, and the risk is relatively low. Banks implement the national macro economic policies earnestly, and have more potential risk awareness on the real estate industry. A lot of bank organizations raised the loan interest rate to real estate enterprise, and increased the guarantee funds to them. Now the variation of real estate market has relatively small risks on the banking market, so it is still controllable.%截至2011年9月份,沈阳市房地产市场出现了明显变化,为了解房地产市场的这种变化对金融业的影响,本文选取了我市10家金融机构及12家房地产开发公司并对其进行了实地调研。调研显示:受国家宏观调控政策的影响,我市房地产成交量开始下降,但价格略有上升。由于我市房地产价格相对较低,市场刚性需求较多,房地产市场基本稳定,风险相对较小;银行积极执行国家宏观调控政策,对房地产行业潜在的风险意识增强,多家银行机构上调了房地产企业的贷款利率,追加了房地产企业的担保资金,目前房地产市场变化对我市银行业带来的风险相对较小,尚在可控范围。

  15. Thermal comfort and market niches for apartment buildings: Impact of the current Thermal Regulation in the private real estate market in Santiago de Chile

    OpenAIRE

    Encinas Pino, Felipe; De Herde, André; Aguirre Núñez, Carlos; Marmolejo Duarte,Carlos; SET 2009 - 8th International Conference on Sustainable Energy Technologies

    2009-01-01

    Santiago (33°27’S; 70°42’W) is the capital city of Chile and presents a Mediterranean climate. With its 6 million inhabitants concentrates 40% of the population of the country and 65.5% of the private real estate market. According to the National Statistics Institute, 37.4% and 36.0% of new housing during 2006 were built using mainly brick masonry and concrete in their walls, respectively. In both cases, thermal insulation is not traditionally considered. However, nowadays apartment buildings...

  16. 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...

  17. 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

  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. An Analysis of Real Estate Market Cycle in Zhejiang Province by Filtering Method%浙江房地产市场周期滤波分析

    Institute of Scientific and Technical Information of China (English)

    朱菁; 陈多长

    2016-01-01

    基于浙江省1990-2013年的统计数据,以全国房地产市场周期和浙江宏观经济周期为参照系,采用HP、BK和CF等3种滤波方法研究浙江省房地产市场周期波动规律。研究结果显示,近24年浙江省房地产市场波动经历了3个典型周期,尽管其周期长度与全国房地产市场周期、浙江宏观经济周期一样都属于朱格拉周期,但又呈现出不同于后两者的具有“浙江特色”的区域房地产市场波动特征。研究还发现,房地产业并非国民经济的先导产业或“火车头行业”。%Based on the data from 1990 to 2013,this paper studies the periodic fluctuation of real estate market in Zhejiang province by HP,BK and CF filtering method taking the national real estate market cycle and the Zhejiang macro economic cycle as the reference system.The study shows that the fluctuation of real estate market in Zhejiang province has experienced 3 typical periods in recent 24 years.Although it belongs to Juglar cycle as the national real estate market cycle and Zhejiang macroeconomic cycle in terms of cycle length, Zhejiang province;real estate market cycle presents Zhejiang characteristics of the regional real estate market volatility.The study also shows that the real estate industry is not the leading industry or“the locomotive industry”of the national economy.

  20. The research on Xi'an real estate market early warning systate%西安市房地产预警系统研究

    Institute of Scientific and Technical Information of China (English)

    闫彩良; 万欣

    2011-01-01

    采用主成分分析、BP神经网络等现代数学方法,构建西安市房地产预警系统,并通过单指标和综合指标来预测房地产市场的运行轨迹,以揭示西安市房地产的运行状况。%In this paper,using principal component analysis,the BP neural network and other modern mathematical methods,construction of Xi'an city real estate early warning system,and through the combination of single index and comprehensive index to forecast the real estate market running track,in order to reveal the Xi'an city real estate operating conditions.

  1. 商洛市房地产市场需求预测研究%Research on Demand Forecasting Model of Shangluo Real Estate Market

    Institute of Scientific and Technical Information of China (English)

    杨瑛娟

    2015-01-01

    Through the analysis of the five influence factors from 2006 to 2013, including Shangluo real estate average prices, population, disposable income of urban residents, per capita living space, GNP, demand forecasting model of Shangluo real estate market is built using multiple linear regression method. Then the values of Arguments are calculated by least square method. Ultimately the demands for real estate from 2014 to 2016 are predicted, obtain a trend that Shangluo City real estate market demand will steadily grow in the next three years.%通过对2006—2013年商洛市的平均房价、人口、城镇居民可支配收入、人均住房面积、国民生产总值五个影响因素进行分析,运用多元线性回归方法进行分析,构建商洛房地产市场需求预测模型,并运用最小二乘法得出2014—2016年的各自变量的值,预测了商洛市未来3年的房地产市场需求,整体呈现稳定增长的趋势。

  2. 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

  3. 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

  4. REAL ESTATE INFORMATION

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    Building the Future Architects unite to preserve cultural aspects of Chinese skyline As the urbanization process sweeps across China, bringing with it an endless stream of construction projects, the property market is today a sea of opportunity for both developers and designers. The building industry in China has huge potential and, through constant interaction, is bringing local architects and their Western counterparts into an orbit of mutual creativity, resulting in some of the most impressive designs...

  5. Prognostication and the cluster analysis of the development of the regional market for habitable real estate

    Directory of Open Access Journals (Sweden)

    Valentin Derkachenko

    2014-04-01

    Full Text Available In the article the analysis of the dynamics of basic indices is carried out, that characterize the market for new constructions and the market for the second dwelling of Penzenskaya Oblast' are built models for predicting the mean price of one square meter of dwelling. Model for predicting the introduction of dwelling taking into account dummy variables is built and is executed the short-term forecast of the indices in question. The uniform regions of region on the basis of the indices of the housing conditions for population are revealed and clusters with the levels of housing development are determined.

  6. 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...

  7. 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...

  8. Analysis of the real estate market in Las Vegas: Bubble, seasonal patterns, and prediction of the CSW indices

    Science.gov (United States)

    Zhou, Wei-Xing; Sornette, Didier

    2008-01-01

    We analyze 27 house price indices of Las Vegas from June 1983 to March 2005, corresponding to 27 different zip codes. These analyses confirm the existence of a real estate bubble, defined as a price acceleration faster than exponential, which is found, however, to be confined to a rather limited time interval in the recent past from approximately 2003 to mid-2004 and has progressively transformed into a more normal growth rate comparable to pre-bubble levels in 2005. There has been no bubble till 2002 except for a medium-sized surge in 1990. In addition, we have identified a strong yearly periodicity which provides a good potential for fine-tuned prediction from month to month. A monthly monitoring using a model that we have developed could confirm, by testing the intra-year structure, if indeed the market has returned to “normal” or if more turbulence is expected ahead. We predict the evolution of the indices one year ahead, which is validated with new data up to September 2006. The present analysis demonstrates the existence of very significant variations at the local scale, in the sense that the bubble in Las Vegas seems to have preceded the more global USA bubble and has ended approximately two years earlier (mid-2004 for Las Vegas compared with mid-2006 for the whole of the USA).

  9. Urban Conservation As A Development Strategy to Revitalize Real Estate Market: An Analysis Of Property Transactions In Georgetown Penang

    Directory of Open Access Journals (Sweden)

    Nor’ Aini Yusof

    2007-12-01

    Full Text Available Penang is well known for its heritage character especially in the city of Georgetown with more than 200 years of urban history. To retain its heritage character, the state and local governments have implemented various conservation policies and identified a heritage zone in the inner city of Georgetown. In many parts of the world, designation as a heritage property would have increased a property’s value and this is one of the reasons put forward for urban effects of conservation related policies on the heritage property market. In this paper, we focus the analysis on data from property transactions and price to intervention strategies, socio-economic and political changes. Our analysis of the transaction date and price trends shows that urban conservation has a potential to be a viable real estate development strategy for Georgetown. Even with conservation policies to place, the demand for old buildings in the conservation zones has not diminished but has shown relatively high transaction counts and high price of heritage properties.

  10. Logistics real estate markets: indicators of structural change, linking land use and freight transport

    OpenAIRE

    Hesse, Markus

    2002-01-01

    The system of physical distribution that comprises transport and logistics, warehousing and wholesale, is an ideal indicator of structural change. Distribution and logistics have developed dynamically, with respect to new technologies, corporate restructuring, and a changing market environment. Whereas traditional logistics were characterized primarily by the demand of manufacturing customers for the shipment of bulk-commodities, modern production and service systems require frequent deliveri...

  11. LAND – PRICE DETERMINANTS USING THE SPATIAL ECONOMETRICS MODELING IN THE MOLDAVIAN REAL ESTATE MARKET

    Directory of Open Access Journals (Sweden)

    Anatol RACUL

    2012-01-01

    Full Text Available The purpose of this paper is to determine the factors which influence the land market in Republic of Moldova. The paper aims to discover the determinants for land pricing using the spatial econometrics modeling, as it is widely used when the spatial component is present. The country’s agricultural economy combined with the interest of international organizations and limited data availability directed the focus of this empirical study towards land for agricultural purposes. The factors which determine the land market (for agricultural purposes in Republic of Moldova are mainly related to economic characteristics of land, such as field productivity, the position on the local landscape (characterized by angle and soil quality, proximity to local or national roads (due to storage and transportation reasons, and economic characteristics of owners. Also, another important role in land market price creation is the pressure of urban space to transform land for agricultural use close to cities and villages in spaces for industrial or residential purposes. This is characterized by the financial pressure from the urban centers which has become significant in land transactions.

  12. 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.

  13. 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...

  14. 基于GIS的房地产市场分析软件系统设计%The real estate market analysis software system design based on GIS

    Institute of Scientific and Technical Information of China (English)

    臧静芳

    2016-01-01

    As the real estate market heats up, the difficulties of software development of real estate becomes the market research and analysis of this important modules, this also gradually become the real estate enterprise one of the most important part of the application software. Now in order to follow the development of all kinds of software function is more and more powerful, the system of the real estate market analysis software system based on GIS information processing platform, Excel as model integration tools, VBA as development language, application of information technology such as spatial data mining and on-line analysis, and analyze the state of the real estate market and consumer demand, calculated given basic data, making analysis of real estate workers to improve the work efficiency greatly, remote control service for the project decision makers.%随着房地产市场逐渐升温,有关房地产软件开发的难点就变为了市场调研与分析这一重要模块,这也逐渐成为了房地产企业应用软件中最重要的一环。为了紧跟现在各类开发类软件功能越来越强大的脚步,本系统提出的房地产市场分析软件系统以GIS为信息处理平台,Excel为模型集成工具,VBA为开发语言,应用空间数据挖掘和在线分析等信息技术,并分析房地产的市场状态以及消费者的需求,经过计算给出基础的数据,从而使房地产分析工作者的办公效率得到了很大提高,为项目决策者提供远程操控的服务。

  15. 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...

  16. The impact of gated Communities on property values: evidence of changes in real estate markets -Los Angeles, 1980-2000

    Directory of Open Access Journals (Sweden)

    Renaud Le Goix

    2007-05-01

    Full Text Available The paper focuses on how gated communities, as private means of providing public infrastructure and security, real estate products and club-economies, produce changes in housing market patterns. Based on an empirical study of Los Angeles (California data, it aims to trace to what extent gates and walls favor property values and if the presence of gated communities produces over time (1980-2000 a deterrent effect on non-gated properties abutting the enclave, or close to it. Resulting from a demand for security, gated communities are a leading offer from the homebuilding industry. But their spread emerges from a partnership between local governments and land developers. Both agree to charge the homebuyer with the cost of urban sprawl (construction and maintenance costs of infrastructure within the gates. Such a structuring of residential space is particularly desirable on the urban edges, where the cost of urban sprawl exceeds the financial assets of local public authorities. New private developments provide local governments with new wealthy taxpayers at almost no cost. As compensation, the homebuyer is granted private and exclusive access to sites and amenities (lakes, beaches, etc.. Such exclusivity favors the location rent, and usually positively affects the property values within the gated enclaves. But it is also assumed that operating cost of private governance are paid for by the increase of property values. Market failure nevertheless occurs when costs rise above sustainable levels compared to property values. Changes produced by gates yield to at least two outcomes. At first sight, residential enclosures produce a price premium, thus being a smart investment. Furthermore, gated communities might well be able to generate enough property value to pay off the price of private governance. But this analysis holds only on a short term basis. In the long term, larger and wealthier gated communities are successful in shielding their property

  17. 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...

  18. Analysis of the Environmental Hegemony on the Real Estate Green marketing%论房地产绿色营销中“环保霸权”

    Institute of Scientific and Technical Information of China (English)

    袁飞飞

    2015-01-01

    With the increased awareness on the environmental protection ,the demands of people for green life are also strong. Real estate enterprises have adopted the“green washing”form,and through the“green”way to market themselves.This paper reveals that the real estate green marketing is a form of“environmental hegemony”.Through the green marketing ,the real estate enterprises construct the“green”concept of the housing ,and deconstruct the consumer awareness about“the contradiction between consumer and environmental protection”.The consumers' realization of the green identity on the real estate consuming is also established.%随着人们环保意识不断觉醒,绿色生活需求愈发强烈,房地产企业纷纷采用“漂绿”的形式,通过“绿色”广告方式来营销自身。本文认为,房地产绿色营销只是其“环保霸权”的一种表现形态。房地产企业正是通过绿色营销的手段,不断建构着产品的“环保”理念,消解着消费者关于“消费与环保存在矛盾”的意识,并建立消费者对房地产消费行为“绿色合法化”认同的“环保霸权”。

  19. 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.

  20. Is flood risk capitalized into real estate market values? : a Mahalanobis-metric matching approach to housing market in Busan, South Korea

    Science.gov (United States)

    Jung, E.; Yoon, H.

    2016-12-01

    Natural disasters are substantial source of social and economic damage around the globe. The amount of damage is larger when such catastrophe events happen in urbanized areas where the wealth is concentrated. Disasters cause losses in real estate assets, incurring additional cost of repair and maintenance of the properties. For this reason, natural hazard risk such as flooding and landslide is regarded as one of the important determinants of homebuyers' choice and preference. In this research, we aim to reveal whether the past records of flood affect real estate market values in Busan, Korea in 2014, under a hypothesis that homebuyers' perception of natural hazard is reflected on housing values, using the Mahalanobis-metric matching method. Unlike conventionally used hedonic pricing model to estimate capitalization of flood risk into the sales price of properties, the analytical method we adopt here enables inferring causal effects by efficiently controlling for observed/unobserved omitted variable bias. This matching approach pairs each inundated property (treatment variable) with a non-inundated property (control variable) with the closest Mahalanobis distance between them, and comparing their effects on residential property sales price (outcome variable). As a result, we expect price discounts for inundated properties larger than the one for comparable non-inundated properties. This research will be valuable in establishing the mitigation policies of future climate change to relieve the possible negative economic consequences from the disaster by estimating how people perceive and respond to natural hazard. This work was supported by the Korea Environmental Industry and Technology Institute (KEITI) under Grant (No. 2014-001-310007).

  1. 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.

  2. A stochastic model for stationary dynamics of prices in real estate markets. A case of random intensity for Poisson moments of prices changes

    Science.gov (United States)

    Rusakov, Oleg; Laskin, Michael

    2017-06-01

    We consider a stochastic model of changes of prices in real estate markets. We suppose that in a book of prices the changes happen in points of jumps of a Poisson process with a random intensity, i.e. moments of changes sequently follow to a random process of the Cox process type. We calculate cumulative mathematical expectations and variances for the random intensity of this point process. In the case that the process of random intensity is a martingale the cumulative variance has a linear grows. We statistically process a number of observations of real estate prices and accept hypotheses of a linear grows for estimations as well for cumulative average, as for cumulative variance both for input and output prises that are writing in the book of prises.

  3. 我国房地产市场发展问题研究%Study on China'S Real Estate Market Development

    Institute of Scientific and Technical Information of China (English)

    阎国光; 熊仁霞; 李晓丽; 周洁

    2012-01-01

    The real estate market is a large and complex system. It has important influence on China's GDP,and its relationship with people's living condition is very close. Therefore,it is necessary to analysis the real estate market i in depth. Proceed from the realities of current social and economic development,we establish a series of mathematical models,including the supply-demand disequilibrium model,the price model,the correlation degree model'of the real estate market with related industries and the real estate bubbles model. With the available data,we make empirical analysis,try to study how to keep the real estate market developing healthy and stably,and provide some reference for the government to make policy.%房地产市场是一个庞大而复杂的系统,它对我国国内生产总值有重要影响,并和百姓生活必需的“住”关系极为紧密.因此,有必要对房地产市场进行深入分析.从当前社会经济发展的现实着手,建立了一系列数学模型,包括房地产市场的供求模型、价格影响模型、房地产行业与国民经济相关行业关联度模型和房地产行业泡沫度量模型.并运用可获得的经济数据对以上模型进行了实证分析,旨在研究如何促使房地产市场健康稳定地持续发展,同时为国家制定房地产的相关政策提供一定的理论参考.

  4. Developing a Web-based system by integrating VGI and SDI for real estate management and marketing

    Directory of Open Access Journals (Sweden)

    J. Salajegheh

    2014-10-01

    Full Text Available Property importance of various aspects, especially the impact on various sectors of the economy and the country's macroeconomic is clear. Because of the real, multi-dimensional and heterogeneous nature of housing as a commodity, the lack of an integrated system includes comprehensive information of property, the lack of awareness of some actors in this field about comprehensive information about property and the lack of clear and comprehensive rules and regulations for the trading and pricing, several problems arise for the people involved in this field. In this research implementation of a crowd-sourced Web-based real estate support system is desired. Creating a Spatial Data Infrastructure (SDI in this system for collecting, updating and integrating all official data about property is also desired in this study. In this system a Web2.0 broker and technologies such as Web services and service composition has been used. This work aims to provide comprehensive and diverse information about property from different sources. For this purpose five-level real estate support system architecture is used. PostgreSql DBMS is used to implement the desired system. Geoserver software is also used as map server and reference implementation of OGC (Open Geospatial Consortium standards. And Apache server is used to run web pages and user interfaces. Integration introduced methods and technologies provide a proper environment for various users to use the system and share their information. This goal is only achieved by cooperation between all involved organizations in real estate with implementation their required infrastructures in interoperability Web services format.

  5. Developing a Web-based system by integrating VGI and SDI for real estate management and marketing

    Science.gov (United States)

    Salajegheh, J.; Hakimpour, F.; Esmaeily, A.

    2014-10-01

    Property importance of various aspects, especially the impact on various sectors of the economy and the country's macroeconomic is clear. Because of the real, multi-dimensional and heterogeneous nature of housing as a commodity, the lack of an integrated system includes comprehensive information of property, the lack of awareness of some actors in this field about comprehensive information about property and the lack of clear and comprehensive rules and regulations for the trading and pricing, several problems arise for the people involved in this field. In this research implementation of a crowd-sourced Web-based real estate support system is desired. Creating a Spatial Data Infrastructure (SDI) in this system for collecting, updating and integrating all official data about property is also desired in this study. In this system a Web2.0 broker and technologies such as Web services and service composition has been used. This work aims to provide comprehensive and diverse information about property from different sources. For this purpose five-level real estate support system architecture is used. PostgreSql DBMS is used to implement the desired system. Geoserver software is also used as map server and reference implementation of OGC (Open Geospatial Consortium) standards. And Apache server is used to run web pages and user interfaces. Integration introduced methods and technologies provide a proper environment for various users to use the system and share their information. This goal is only achieved by cooperation between all involved organizations in real estate with implementation their required infrastructures in interoperability Web services format.

  6. 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

  7. The Stackelberg Differential Game Simulation of the Real Estate Market Regulation%房地产市场调控的Stackelberg微分博弈模拟

    Institute of Scientific and Technical Information of China (English)

    陈光华; 李红波

    2013-01-01

      房地产市场的发展是一个动态变化的过程,国家政策的调控也随市场的变化而变化.2011年初以来的房地产调控,通过限贷、限购,迫使开发企业主动降价以缓解现金压力,同时通过保障房和体制建设实现房地产长期稳定发展.研究从博弈论视角出发,针对房地产市场中政府与开发商之间的博弈建立完全但不完美信息动态博弈模型.结果表明政府的策略决定了房地产开发商和消费者的最优策略,调控的关键在于解决现阶段社会中低收入群体住房问题,平抑房价的过快上涨.%  The real estate market development is a dynamic process of change,and the national policy and regulation are modified with market changes. The real estate regulation urged the developers to reduce prices of residential housing through property-purchasing limitations and credit limitations since the early 2011. And the government attempts to realize a sustainable development of real estate by building indemnificatory apartment and establishing mechanism. From the perspective of Game Theory,this paper researches the game between government and developers to establish complete but not perfect information dynamic game model in the real estate market. The results show that the government’s strategy determines the real estate developers and consumers’ optimal strategy, and the regulation key lies in how to solve the present social low-income housing problem and the control of house prices rising too fast.

  8. 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

  9. 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...

  10. 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...

  11. THE ANALYSIS OF THE STATISTICAL PERFORMANCE OF THE PRIMARY OBJECTS OF THE REAL ESTATE MARKET IN THE MOSCOW REGION

    Directory of Open Access Journals (Sweden)

    Maksim A. Fomin

    2015-01-01

    Full Text Available This article focuses on selected aspects ofthe statistical study of the primary real estatemarket of Moscow region, in particular inthe Moscow region. The paper describesthe main indicators of use of objects of theprimary market of housing and other facilities on the basis of the lease, identifi ed and analyzed the main trends of supply anddemand for residential and non-residential premises, as well as future development ofthis segment of the market economy.

  12. 租售比与房地产市场宏观调控*%Rent-sale Price Ratio and Real Estate Market Macro-control

    Institute of Scientific and Technical Information of China (English)

    周晓蓉

    2013-01-01

    There is always a concern about bubble in the development of Chinese real estate market. Recently, with the increase of housing price, discussion in the regard is getting more attention. If the bubble bursts, it will cause great damage to Chinese economy and society. Thus, it has significant practical meaning to prevent real estate bubble. In this paper it analyzes the rent-sale price ratio in China. It indicates that the housing price in current China is too high; much of the housing demand is investment and speculation; and bubble exists in real estate market. In this paper,it further discusses the reasons of unbalanced rent-sale price ratio and puts forward some suggestions.%  我国房地产业发展历程充满着关于房地产泡沫的争论。近年来,随着房价的上涨,这种争论持续升温。房地产泡沫一旦发生,将给国家的经济和社会生活带来严重的后果,因此,防范房地产泡沫的发生具有重要的现实意义。本文通过对我国房屋租售比现状的分析,指出了我国住宅销售价格过高,住宅需求更多地体现为投资和投机的需求,住房价格中存在着泡沫。在此基础之上,本文就我国房屋租售比失调的成因进行了简要的讨论,并针对房地产市场宏观调控提出了一系列建议。

  13. 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.

  14. 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

  15. 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...

  16. 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...

  17. 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...

  18. The Study on Cycle Fluctuation Relationship between China's Real Estate and Stock Market%我国房地产市场与股票市场周期波动的关联性探讨

    Institute of Scientific and Technical Information of China (English)

    徐国祥; 王芳

    2012-01-01

    本文在对周期波动理论和国内外相关文献进行叙述的基础上,采用频域的交叉谱分析法对1998年1月~2010年12月我国房地产实体经济与股票市场周期波动及其关联性进行了实证研究。研究表明,自1998年1月以来,我国房地产实体经济与股票市场和房地产股票市场都存在着39个月和26个月的耦合周期,且在39个月的耦合周期时,三个市场都同步完成一个周期波动,而在26个月的耦合周期时,股票市场领先于房地产实体经济3个月,房地产股票市场要领先于房地产实体经济4个月。最后,本文又用Granger因果检验法对两者之间的领先滞后关系进行定性检验,用时差相关系数法对两者之间的领先滞后时期数进行定量检验,检验结果与谱分析结果完全吻合,说明模型和参数是稳定的。%This paper first introduces the importance of the study on the cycle fluctuation relationship between the real estate and the stock market of China. Then we found that the relevant research about the cycle fluctuation relationship between the real estate market and the stock market at home and abroad are focused on applying the time-domain analysis to discuss the long-term co-integration and short-term Granger causality relationships between the two markets, while the co-integration analysis and Granger causality analysis can't reflect the fluctuation relationship between the two markets from the perspective of cyclical fluctuations. Compared with the existing research, this paper has the following characteristics: firstly, we use the frequency-domain analysis instead of time-domain analysis to analyze the monthly data of the national real estate prosperity index, the Shanghai composite stock index and the Shanghai real estate stock index frornJanuary 1998 to December 2010. Secondly, we use the Granger causality method to test the conclusion of lead/lag relationship from the frequency

  19. 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....

  20. The influence of monetary policy to real estate market%货币政策对房地产市场的影响

    Institute of Scientific and Technical Information of China (English)

    吕福鹏

    2014-01-01

    This paper introduced the influence of monetary policy to commercial bank,financial market,individual consumption,investment, savings,and from money supply,bank credit,interest rate three aspects,emphatically introduced the influence of monetary policy to real estate market,laid foundation for the research of similar problems.%介绍了货币政策对商业银行、金融市场、居民个体消费、投资、储蓄的影响,并从货币供应量、银行信贷、利率三方面入手,着重分析了货币政策对房地产市场的影响,为类似问题的研究奠定了基础。

  1. 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.

  2. 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...

  3. 次贷危机后房地产企业关系营销研究%Relationship marketing research of real estate enterprises after the subprime mortgage crisis

    Institute of Scientific and Technical Information of China (English)

    吕宇栋

    2013-01-01

    次贷危机后,中国房地产市场低靡,房地产价格不断下降,房地产企业面临巨大的压力。虽然我国的房地产企业已经意识到关系营销的重要性,而且有的房地产企业已经建立了关系营销部门,并且采取了相应的营销措施,但在如何处理和客户的关系中仍存在许多问题。%After the subprime mortgage crisis, Chinese real estate market is low, the real estate prices continue to decline, the real estate enterprises are facing tremendous pressure. Although China's real estate enterprises have realized the importance of relationship marketing, and some real estate companies have established the relationship marketing department, and take the corresponding marketing measures, but there are still many problems in how to deal with the relationship between the clients.

  4. 基于二手市场与理性预期的房地产市场机制研究%Research on real estate market mechanism in the second-hand market and rational expectation

    Institute of Scientific and Technical Information of China (English)

    陈林; 朱卫平

    2011-01-01

    House prices in China recently fiucate acutely and this paper focuses on real estate market mechanism by establishing models to explain this phenomena. The model includes invest-utility, second-hand market, rational expectation, unrational expectation and policy impulse. This model outlines a dynamic real estate market' s mechanism. We argue that unrationai expectation magnifies fluctuations of house prices. Conversely,rational expectation is the self-regulator of the real estate price. When market' s unrational expectation dominates rational expectation, the ratchet wheel of the price fluctuating can not stop in a short tenn. This may be one of the essential reason for Chinese real estate price keep fluctuating acutely.%尝试研究近年来我国房地产价格不断剧烈波动背后的市场机制.通过构建包含投资效用、二手市场、预期、政策冲击等因素的动态模型,揭示动态的房地产市场机制.研究结果表明,短视预期效应会加剧房价波动,而理性预期却是房价的自动调节器.一旦房地产市场中短视预期效应大于理性预期效应,房价暴涨或暴跌的"棘轮效应"则无法在短期内逆转.这可能是我国近年房价剧烈波动的根本原因之一.

  5. 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

  6. 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.

  7. 后限购时代我国房地产市场风险分析%Analysis of Real Estate Market Risk in the Post-crisis Era

    Institute of Scientific and Technical Information of China (English)

    王倩; 房冬

    2012-01-01

    后危机时代,对房地产业的扶持政策被限购令等调控政策取代,也引发了人们对房地产市场风险的忧虑。交易量萎缩、房价下跌、房地产股票下跌、房地产信托违约风险提高等使房地产市场的风险突显。房地产业对消费、投资及其他产业的影响使得房地产市场成为一个政府和金融资本深度介入的市场。政府的政策导向自然成为决定房地产市场风险趋势的重要因素。政府对房地产业的调控意在推动市场整合,以城镇化带动中国经济发展的战略使房地产市场的商品性需求仍旧强劲,房价受通货膨胀支撑等因素使得中短期内房地产市场不存在系统性风险。然而,从长期看,应警惕汇率波动对房地产市场的冲击,警惕人口年龄结构变化对房地产业的影响。%The policy of supporting the real estate industry was placed by a series of tighten measures in the post-crisis era,which provoked the concerns on real estate market risk.The contraction of trade volume,falling house prices and real estate stocks and the default risk of real estate trust highlight risks of the real estate market.The impact of real estate on consumption,investment and other industries makes the real estate market be deeply interfered by government and financial capital.So,the attitude of government naturally become an important factor which decides the trend of real estate market.The factors such as government regulation intend to promote the real estate market integration,urbanization economic development strategy supports strong demand for the real estate,the real estate price supported by inflation make the real estate market have no systemic risk in the short term.However,in the long run,we should be alert on the impact of exchange rate fluctuations and changes in population age structure to the real estate market.

  8. 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...

  9. 我国房地产泡沫形成的原因及对策分析%Analysis on the Causes of Formation of the Real Estate Market Bubble and the Countermeasures

    Institute of Scientific and Technical Information of China (English)

    刘宁

    2012-01-01

      改革开放以来,中国的房地产业得到了迅猛的发展。目前,房地产业成为整个社会财富的重要构成,成为推动工业化和城镇化的重要力量,但房地产市场的蓬勃发展与急剧转型,出现了房地产市场泡沫经济现象。基于实证研究结论,通过分析我国房地产发展现状及我国房地产市场泡沫的成因,以典型城市的房地产市场泡沫数据为依托,从银行的角度,针对防范房地产泡沫提出了实行紧缩的房地产信贷政策,调整房地产信贷结构,加强房地产信贷监管等对策和建议%  Since the reform and opening up, The Chinese real estate industry has developed rapidly. At present, the real estate industry become the important component of the wealth of the society, and important strength to promote industrialization and urbanization, which bring the vigorous development of the real estate market and sharp transformation, and also the emergence of a real estate market bubble economic phenomenon. The paper based on the empirical research conclusion, through the analysis of the current situation of the development of real estate in our country and the cause of China's real estate market bubble, based on data from a typical real estate market bubble of the city, form the view of the bank, give some suggestions and countermeasures to guard against real estate bubbles. Including a tightening credit policy, strengthen the supervision of real estate credit strategy and so on.

  10. 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.

  11. 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…

  12. Operation Mechanism of Real Estate Market Based on Assignment Game%基于指派博弈的房地产市场运行机制研究

    Institute of Scientific and Technical Information of China (English)

    黄武军; 杨继君; 吴启迪

    2011-01-01

    针对目前房地产市场的特点,以博弈论为工具分析了房地产市场参与主体的行为.首先,建立基于政府、开发商和消费者三方指派博弈模型,对三方指派博弈的核心可能为空的情况,提出了改进的核心法,并在此基础上给出了补偿金制度的设想.随后,建立仅针对开发商和消费者的二方指派博弈模型,并与三方指派博弈模型进行对比分析,论证了政府不直接参与房地产市场交易而由市场自身发挥主导作用的合理性.最后,举例进行了分析说明,并给出了相关政策建议.%Based on some features of real estate market, game theory is utilized to analyze the behavior of participants in real estate market. Firstly, the model of 3-sided assignment games among government, real estate developer and consumer is established. In general, a 3-sided assignment games may have an empty core,so the improved core method is used to solve the problem. Furthermore, compensation system in real estate market is proposed in order to sustain the long-term cooperation. After setting up the model of 2-sided assignment games between real estate developer and consumer and comparing it with 3-sided assignment games,it concludes that it is rational for the government not to be directly involved in real estate markets. It finally makes some policy suggestions through examples.

  13. 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...

  14. 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...

  15. 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...

  16. 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...

  17. 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...

  18. 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...

  19. 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. ...

  20. 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...

  1. 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...

  2. 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...

  3. 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...

  4. 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...

  5. 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

  6. 大数据在房地产市场分析中的应用%The Study on the Application of Big Data in the Analysis of Real Estate Market

    Institute of Scientific and Technical Information of China (English)

    缪涛; 洪建国; 林波; 田鑫

    2016-01-01

    The arrival of the era of big data provides efficient data analysis tool for the real estate market analysis.In this paper,we discuss the concept of big data,data analysis technique and its application in the real estate market.Then this paper introduces the whole life cycle dynamic database which is based on big data management mode,and the research results of Wuhan real estate market analysis which is based on GIS spatial data and big data analysis methods.Finally,we summarize and prospect the application of big data in the real estate market analysis.%大数据时代的到来为房地产市场分析提供了高效的数据分析工具,我们可以从大数据概念出发,探讨房地产大数据的构成和大数据分析技术在房地产市场中的应用。基于大数据管理模式的房屋全生命周期动态数据库,以及GIS空间数据和大数据分析方法的武汉市房地产市场分析的研究成果,对大数据在房地产市场分析中的应用予以总结与展望。

  7. 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.

  8. Do the Credit Policies Work Well in Chinese Real Estate Market: An Empirical Analysis with PCA-VAR Model%基于PCA-VAR模型的房地产信贷政策调控效应分析

    Institute of Scientific and Technical Information of China (English)

    李秀婷; 刘凡; 吴迪; 董纪昌; 高鹏

    2012-01-01

    有效的房地产调控,既要实现稳定房价、控制房地产开发投资过快增长等调控目标,同时也不会对宏观经济带来过大的负面影响.在分析各类房地产调控政策传导机制的基础上,通过构建PCA-VAR模型,并综合运用了协整分析、Granger因果检验、方差分解和脉冲效应分析等方法,细致测箅了房地产信贷政策对房地产市场和宏观经济的影响,据此为我国实施房地产调控提供政策建议.%An effective real estate policy not only helps to achieve the regulation objectives,like the control of high housing price and excessive growth of real estate investment,but also wouldn't impose too much negative impacts on the macroeconorny at the same time. This paper tries to evaluate the effects of current housing policies in Chinese real estate market according to the principle. The theoretical transmission mechanism of real estate policies are firstly constructed; and then a PCA-VAR model is proposed,based on which the effect of main real estate credit policies in Chinese real estate market is measured by employing cointegration analysis,granger causality test,variance decomposition as well as impulse response analysis. And finally relate suggestions are provided.

  9. 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

  10. 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.

  11. 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.

  12. 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…

  13. 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)

  14. 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…

  15. 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)

  16. 基于扩散指数模型的房地产市场景气循环研究--以北京市为例%Beijing Real Estate Market Business Cycle Study Based on Diffusion Index Model

    Institute of Scientific and Technical Information of China (English)

    张红; 孙煦

    2014-01-01

    基于扩散指数模型构建房地产市场景气循环指标体系,采用北京市住宅市场与经济基本面的历史数据,计算不同时期北京市房地产市场的扩散指数,绘制北京市房地产市场的景气循环曲线,并根据景气循环曲线与历史数据对北京市未来房地产市场的景气情况进行预测。最后,提出在上述市场预测情况下的市场调控策略。%The business cycle and early warning of Beijing real estate market are focused on in this study.Firstly,an indicator system is proposed according to diffusion index model.Secondly, diffusion index is calculated with the historical data of Beijing’s real estate market and economic fundamentals based on the indicator system. Thirdly,the diffusion index curve of Beijing real estate market business cycle is revealed and early warnings are stated based on data collected and the curve revealed.At last,market regulation strategies for the market situation forecasted are proposed as a policy making reference.

  17. 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.

  18. 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.

  19. 关系营销四维度模型在房地产评估业营销中的应用研究%Application Research on the Four Dimensional Model of Relationship Marketing in Real Estate Appraisal Industry

    Institute of Scientific and Technical Information of China (English)

    徐雅琴; 陈其权

    2016-01-01

    At present, the application of relationship marketing in the real estate appraisal research is in blank state. This paper clarifies the meaning and characteristics of relationship marketing and points out the questions existed in the real estate appraisal from the point of view of 4P. It also analyzes the importance of relationship marketing in the implementation of real estate valuation indus-try. This essay constructs the four dimension model of relationship marketing from the responsibility building, value delivering, cultur-al construction, emotion interaction .It also propose the marketing innovation highlights of the real estate evaluation on the basis of this model from four aspects including the responsibility construction of the personnel, value transferring of report's quality, culture construction of the enterprise, affective interaction with customer and employee.%目前,关系营销应用在房地产评估业的研究处于空白状态;本文阐明了关系营销的含义和特征,从4P角度提出了房地产评估业营销存在的问题,分析了关系营销在房地产评估业的营销实施中的重要性。从责任构建,价值传递,文化构建,情感交互四个角度构建了关系营销的四维度模型;以该模型为基础,从评估人员的责任构建、报告质量的价值传递、评估企业的文化建设、客户员工的情感交互四个方面提出了房地产评估企业的营销创新亮点。

  20. 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.

  1. 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.

  2. 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...

  3. 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.

  4. 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.

  5. 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...

  6. 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...

  7. 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

  8. 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...

  9. 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...

  10. 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...

  11. 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

  12. 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

  13. 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.

  14. 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.

  15. 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.

  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. 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 ...

  18. 我国货币政策对房地产市场的非对称影响--基于CARCH模型的实证分析%Asymmetric Effects of Monetary Policy on Real Estate Market in China

    Institute of Scientific and Technical Information of China (English)

    马亚明; 刘翠

    2015-01-01

    以货币政策在时间维度上存在的非对称性质作为研究的切入点,针对货币政策对房地产市场产生的时间非对称效应,利用CARCH模型进行实证分析,考察货币政策对房地产市场的非对称影响。实证结果表明,货币政策对房地产市场存在非对称效应,即存在关于经济周期、传导渠道、政策取向三个方面的非对称形式。%This paper studies asymmetric property of monetary policy in the time dimension as the research starting point, in view of three aspects of the time asymmetric effect on the real estate market, investigates asymmetric effects of real estate market by monetary policy, using the empirical analysis method of CARCH model. The empirical results show that the mone-tary policy exists asymmetric effects on the real estate market, there are three asymmetric form of economic cycle, conduction channel and policy orientation.

  19. 概念营销在房地产广告中的运用%Analysis on the Application of Conceptual Marketing in the Real Estate Advertising

    Institute of Scientific and Technical Information of China (English)

    吴灿; 杨曦

    2011-01-01

    The healthy development of real estate plays an important role in national economy. In the new economic era, product homogeneity phenomenon is very serious, so real estate industry won't make any development unless it focuses on consumers, enhances brand management and corporate image promotion.%房地产业在整个国民经济中处于重要地位,它的健康发展对整个国民经济的发展起着举足轻重的作用。在新经济时代,产品同质化现象严重,房地产行业只有凭借以消费者为中心的观念,加强品牌管理及提升企业形象,才能取得长足发展。

  20. 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

  1. 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.

  2. 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.

  3. 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.

  4. Taming the Real Estate Market

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    Curbing housing prices will rely on the effectiveness of the latest government measures sales offices for housing projects are no longer enjoying the overcrowded showrooms of prospective buyers. Agents of second-hand houses have resorted to canvassing clients by making repeated phone calls,

  5. Taming the Real Estate Market

    Institute of Scientific and Technical Information of China (English)

    LAN XINZHEN

    2010-01-01

    @@ Sales offices for housing projects are no longer enjoying the overcrowded showrooms of prospective buyers.Agents of second-hand houses have resorted to canvassing chents by making repeated phone calls,only to see transaction volumes drop further,while Chinese home buyers walt with money in hand to see how the current housing situation plays out.

  6. Some Experiences in the Use of Group Work about Higher Vocational Teaching Real Estate Marketing%小组作业在高职房地产营销教学运用中的几点体会

    Institute of Scientific and Technical Information of China (English)

    李娇

    2011-01-01

    小组作业法强调团队协作,满足高职房地产营销对学生的专业技能和人际交往的要求。本文阐述了在高职房地产营销教学中运用小组作业法的几点体会,以期提供参考与借鉴。%Group work emphasizes teamwork,meet the demands on higher vocational students' professional skills and interpersonal in real estate marketing.This paper analyzessome experiences in the use of group work about higher vocational teaching real estate marketingin order to provide reference and lessons.

  7. 齐齐哈尔市建华房地产开发公司营销策略研究%Marketing Strategies of Real Estate Development Companies in Jianhua Dist., Qiqihar

    Institute of Scientific and Technical Information of China (English)

    李威

    2013-01-01

      房地产营销是房地产经营中的一个重要环节和手段,也越来越受到开发商们的重视。齐齐哈尔建华区房地产在营销策略上存在的主要问题是销售经理业务水平不高,销售人员业务水平低,日常管理制度存在问题。改进建华区房地产营销策略,应从房地产产品策略、房地产服务营销策略、房地产促销策略等方面全面加以改进。%  Marketing is a key operational link and measure of real estate businesses, increasingly attracting the attention of developers. Real estate companies in Jianhua Dist., Qiqihar have problems in marketing strategies in terms of poor professional skills of marketing managers and salesmen, and faulted routine management system. To improve the marketing strategies, comprehensive measures should be taken in the field of products, service and marketing strategies.

  8. 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…

  9. 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.

  10. 房地产开发项目市场定位的层次分析模型%The analytic hierarchy model of market location for real estate development project

    Institute of Scientific and Technical Information of China (English)

    袁海林; 刘树枫

    2001-01-01

    房地产开发项目的市场定位决策是项目投资决策至关重要的一个环节,有效的市场定位是决定开发企业获得更大的投资效益和投资风险性较小的前提和基础.本文结合项目实例,提出了层次分析模型在市场定位决策中的基本思路和操作方法,这不仅能够对房地产开发商及投资决策者有一定的参考价值,而且能够对房地产开发企业投资决策科学化、规范化、专业化起到促进作用.%Decision for market location is the key link in real estate development project investment and effective market location is the premiss and foundation which euables enterprise to obtain more investment benefet and less investment risk. This paper, connected with real project, has presented the basic ideas and operation method for analyzing hierarchy model used in decision of market location. It's not only useful for the real estate developing businessmen and investing decision makers, but also promotes the rationalization, standardization and specialization in the decision making of investment for real estate enterprise.

  11. 房地产企业营销沟通与消费者决策购买的相关性研究%Real Estate Marketing Communication and Correlation of Consumers Must Purchase Policy

    Institute of Scientific and Technical Information of China (English)

    李迪

    2012-01-01

    营销沟通是企业创建品牌和销售产品的重要手段,本文通过对企业形象树立、广告宣传、口碑传播、营销人员与客户面对面沟通等营销沟通方式来研究房地产企业营销沟通与消费者购买决策的相关性。%The marketing communication are important means of enterprise brand and sell their products, this article, ttu'ough the enterprise setting, advertising, word of mouth communication, marketing-marketing communication such as face-to-face communication with customers, dose the research of real estate business relationship between marketing communications and consumer purchasing decisions

  12. Research on Real Estate Price Based on Modified Market Comparison Approach%基于改进的市场比较法对房地产定价的研究

    Institute of Scientific and Technical Information of China (English)

    覃民武

    2016-01-01

    在房地产价格策略和市场比较法理论的基础上,引入层次分析法,通过分析主要因素对房地产价格的影响情况,对市场比较法进行修正.以大连市某房地产项目作为研究对象,对新推楼盘及周边楼盘进行实地调查和分析,用改进的市场比较法进行定价并与实际价格进行对比以证明其可行性.%Based on price strategy and market comparison approach,the paper introduces Analytic Hierarchy Procedure to amend the market comparison approach through the analysis of the main factors on the impact of the real estate price. Taking one real estate projects in Dalian as a research object,carries out field survey and analysis on this new project and surrounding properties,prices the project based on the modified market comparison approach,and then compares with the real price,which shows that this method is feasible.

  13. 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...

  14. 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.

  15. 股票市场与房地产市场互动研究述评%Research Review of the Relationship between StocK MarKet and Real Estate MarKet

    Institute of Scientific and Technical Information of China (English)

    张春生; 蒋海

    2014-01-01

    股票市场与房地产市场之间的互动关系受替代效应、信贷—价格效应、财富效应的影响,同时还受GDP、利率、劳动力成本、价格水平、人口年龄结构等因素的共同作用,西方学者采用了相关系数分析、统一分割分析、因果关系分析、多变量VAR模型考察两者的互动关系,理论与实证表明,在不同国家、不同时段两者互动关系往往不同。股票市场与房产市场的内在影响机制会使一个市场风险传染至另一个市场,中国应警惕这种传染机制对宏观经济可能造成的负面冲击,防止泡沫经济、次贷危机在中国的上演。%The relationship between stock market and Real Estate market is affected by substitution effect,credit-price effect and portfolio adjustment effect,furthermore it is also affected by GDP,interest rate,labour cost,inflation and population age structure,Western scholars have used cross-correlation analy-sis,market integration/segmentation analysis,causal relationship analysis and multi-factor VAR analysis to investigate the relationship between the two market,theoretical and empirical research tells the relationship is different across different countries and different time intervals. Collapse in a market will induce collapse in an-other market because of the inherent effect mechanism between the two markets,China should be aware of neg-ative impact to macroeconomics from the two markets,avoiding appearance of bubble economy and subprime crisis in China.

  16. 国际资本流动与房地产、上证市场联动性研究%International capital flow and real estate industry, Shanghai stock market relation research

    Institute of Scientific and Technical Information of China (English)

    谢磊; 曾翔宇; 曾小刚

    2012-01-01

    去年底以来,我国出现了国外短期资本出逃的现象,这直接导致了人民币兑美元汇率的连续"跌停"。一方面,作为国外资本的主要投资场所,房地产市场和上证市场的发展状况直接影响了国外短期资本的投资热情;另一方面,国外短期资本的流动也影响着房地产市场和上证市场的发展。鉴于此,本文从外汇储备、房地产市场以及上证市场三个角度,结合相关的实证分析方法,来深刻揭示这三者之间的相互影响关系。分析过程用到的方法包括ADF检验、协整检验、格兰杰因果检验、脉冲响应函数分析、方差分析等。最后得出三者间存在较为明显的联动效应的结论。%Foreign short-term capital flight have showed a short-term capital exodus since the end of 2011.This leads to the RMB's falling to the bottom of its official trading band against the US dollar.As attractive markets for foreign investors,the development of the real estate market and the stock market has a direct impact on short-term capital investment enthusiasm.On the other hand,the capital exodus seriously impacted the real estate market and Shanghai stock market.This article aims to reveal the relationship of the foreign exchange reserves,real estate market and the Shanghai stock market,by using the empirical methods of ADF test methods,Cointegration test,Impulse response function analysis,analysis of variance.It is concluded that there is an obvious linkage effect among these three markets.

  17. 基于VaR的房地产市场风险分析——以浙江省为例%Risk analysis of real estate market based on VaR:empirical research on Zhejiang,China

    Institute of Scientific and Technical Information of China (English)

    吴燕华; 罗乐勤

    2011-01-01

    采用VaR方法构建房地产市场风险的测量模型,通过收集1991—2010年浙江省房地产业发展数据,应用SPSS17.0和Matlab软件进行回归分析和蒙特卡洛仿真,定量分析房地产市场风险累积程度的大小,为房地产政策制订和市场监管提供直观量化的决策依据。%This paper uses value at risk(VaR) model to predict the risk of real estate market.By collecting the real estate data of Zhejiang province from 1991 to 2009,multinomial-regression analysis and Monte Carlo simulation were made by using SPSS 17.0 and Matlab software respectively quantitatively analyzing how big the accumulation level of the market risk is.VaR method can offer reference index for the government to control the market risk and make effective policies.

  18. 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.

  19. 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.……

  20. 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.

  1. 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.

  2. 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

  3. 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

  4. 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...

  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. 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.

  7. 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,...

  8. 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

  9. 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,...

  10. 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-

  11. 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...

  12. 非均衡市场下房地产寡头产量竞争研究%Study on the Output Competition Between Real-estate Oligopolies in Non-equilibrium Market

    Institute of Scientific and Technical Information of China (English)

    陈迅; 赖纯见

    2015-01-01

    The authors rebuilt the dynamic output competition Cournot game model of real-es-tate oligopoly in non-equilibrium market,and studied the evolution of the model through theoreti-cal analysis and numerical simulation.The results show that the output competition equilibrium of game between real-estate oligopolies shall reach through repetitive dynamic game on condition of non-equilibrium market.When production technology and management skills are given and tax policies are stable,solution,stability and the path of the equilibrium of dynamic game between real-estate oligopolies are determined by the condition of disequilibrium of supply and demand in the regional market and the ratio of land price and housing price,thus the type of the regional real-estate supply market are determined by them.The policy effect will be better if the ratio of land price and housing price controlling,structure of supply and demand adjusting and tax adjus-ting are taken by government synchronously.%在非均衡市场下建立房地产寡头产量竞争动态博弈模型,并分别用理论和数值模拟的方法对其演化加以分析。研究表明,在区域市场非均衡条件下,房地产寡头可以通过重复博弈达成产量竞争均衡;在房地产开发生产技术、管理水平的特定阶段和稳定的税赋政策下,市场供需的非均衡状态和地价房价比决定区域房地产寡头产量博弈的均衡解、均衡稳定性和均衡演化路径,从而决定房地产供给市场的类型。政府宜采取地价房价比控制、市场供需结构调节和税收调整同步的方式调控房地产市场,政策效果相得益彰。

  13. 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...

  14. 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...

  15. 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...

  16. The Discrimination on the Supervising to the Chinese Real Estate Market%供求关系失衡下的中国房地产发展路径

    Institute of Scientific and Technical Information of China (English)

    何新易

    2012-01-01

    通过对古典自由主义和凯恩斯主义经济学关于价格决定的假设条件的辨析,发现房地产具有消费和投资双重效用。张五常、任志强二位先生将房地产的消费效用价格规律和投机效用价格规律等同、反对房价监管,必然带来虚幻和片面的观点。房地产价格非理性上涨,既不正常也难以为继。为使房地产市场价格水平回归合理区域,中国房地产市场供求关系平衡需要政府监管而不是放任不管。%By means of the discrimination on the assumptions to the decision of price in classical liberalism and Keynesian economics, it is found that real estate has a dual utility of consumption and investment. The understandings, which the utility of consumption are regarded to be same as the one of the investment, and the supervision to the level of price in real estate should be stopped, of ZHANG Wu-chang and Ren Zhi-qiang to the current house prices are fan- tasy and one-sided. It is abnormal and difficult to be carried on for the irrational and high rising of price. To make the price of real estate market decreased at a reasonable level, the balanced relationship of supply and demand is needed to regulate, not let alone in China.

  17. 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.

  18. 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.

  19. 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.

  20. 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.

  1. 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.

  2. 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.

  3. 我国信贷资金流入股票市场、房地产市场的实证估计%Empirical estimation for capital flow into stock and real estate markets from monetary and credit accounts

    Institute of Scientific and Technical Information of China (English)

    刁思聪; 程棵; 杨晓光

    2011-01-01

    以贷款总额、M2、工业增加值、CPI为变量,构建VAR模型,对我国曾出现的信贷资金流入股票、房地产市场的数量进行实证估计.模型以经济理论为基础,在通过经济检验和统计检验的基础上,对信贷资金流入股市房市的数量做出估计.实证结果表明:2007、2009年有大量的信贷资金流入股市房市,并且2007年底股市见顶前最后几月不断有场外资金流入;模型还探讨了资金从股市房市中流出的情况,发现2005年有大量资金从股市房市中流出,特别是2005年股市见底前最后几个月资金持续从市场中流出.基于模型的估计结果,能够对过去几年我国经济中的一些重要现象做出更好的解释.另外将模型应用于股市资金流向的监测,利用监测结果模拟了一个趋势投资,回溯检验发现趋势投资收益远强于市场表现.%This paper aims at empirically investigating capital flow into the stock and real estate markets from the monetary and credit accounts in China. A Vector Autoregressive Model is built with variables of total loans, M2, industrial added value,, and CPI, based on economic theory. Empirical results from the model show that there were a large amount of capital flow into the 8tock and real estate markets in 2007 and 2009, in particular, the capital flow into the stock markets consecutively for several months in 2007 before the stock markets reached their peaks. The model is also applied in investigating that capital outflow from the stock and real estate markets, and find that the capital outflow from the stock markets consecutively for several months in 2005 before the stock markets reached their bottoms. Empirical results present better explanations for the economic phenomena in China in last 8everal years. The model is employed in monitoring capital flow into or out of the stock markets. An investment strategy simulation is constructed based on the monitoring results. Back test shows that

  4. 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.

  5. 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.

  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.

  7. 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'....

  8. 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...

  9. 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...

  10. 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...

  11. 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.

  12. 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...

  13. 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.

  14. 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.

  15. 浅谈三线城市房地产市场价格泡沫与调控政策%Discussion on the Real Estate Market Price Bubble and Regulatory Policy of the Third Class City

    Institute of Scientific and Technical Information of China (English)

    高峰

    2014-01-01

    In recent years, the prices of real estate continued to rise, and thus the real estate problems have atracted more and more concerns. The real estate is related to the economic development and people's living standards. In recent years, the real estate prices fluctuated a lot, afecting people’s ability to purchase residential house.%近年来,房地产价格不断攀升,房地产问题成为越来越多的人所关注的问题,房地产关系着中国经济发展及人民生活水平。近几年,我国房地产价格浮动较大,影响着居民正常的购房能力。

  16. 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

  17. Game Analysis between Governments in Regulation of Real Estate Market---Central Government and Local Government%房地产调控中政府行为博弈分析--中央政府和地方政府

    Institute of Scientific and Technical Information of China (English)

    叶红雨; 朱丽云

    2013-01-01

    Since reform in 1998 in real estate market, the real estate has been developing rapidly, which has now become the pillar industry of national economy. At the same time, commercial housing prices soars, which constantly break the record. In the face of soaring house prices, central government has issued a series of real estate regulation policies. But house prices remain high. One of the reasons lies in the non-ideal implementation from all sides especially from the local government. Based on game theory perspective, the paper discusses central government and local government's behavior characteristics in the real estate regulation. After analysing game motivation of both sides , it does research of the internal mechanism of a two-player game bybuilding game model. It concludes that the optimal strategy for the central government is to supervise the local government's execution of regulation policies strictly, completely eradicating the resistance behavior of local government. While the profitable behavior for local government is to resist regulation policies in a disguised way in order to succeed. Finally , the paper puts forward political suggestions for central government and local governments respectively, wishing a cooperative game between both sides, which can promote the development of the real estate industry in our country.%自1998年我国房地产市场改革以来,房地产业迅速发展,现已成为国民经济的支柱产业,与此同时,商品房价格一路飙升,各地房价不断创下新高。面对房价飞涨,中央政府出台了一系列房地产调控政策,但房价依然居高不下,主要原因之一在于调控政策的实施受到来自各方的阻力,以地方政府最为突出。本文基于博弈视角探讨了中央政府与地方政府在房地产调控中的行为特征,在分析双方博弈动机的基础上,构建了博弈模型,进而研究了双方博弈的内在机制,得出中央政府的最优策

  18. 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...

  19. 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...

  20. 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...

  1. 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...

  2. 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...

  3. 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...

  4. 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...

  5. 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...

  6. 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...

  7. 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...

  8. 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...

  9. 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...

  10. 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...

  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. 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)

  13. 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

  14. 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.

  15. 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.

  16. 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...

  17. 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…

  18. 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.

  19. 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...

  20. 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.

  1. 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.

  2. Estudio del mercado inmobiliario para la instalación de Clínicas Veterinarias en la ciudad de Montevideo - Study of the real estate market for setting up Veterinary Clinics in the city of Montevideo

    Directory of Open Access Journals (Sweden)

    Ochs Olazábal, Hugo Alberto

    2010-11-01

    Full Text Available ResumenEn este trabajo se presenta un estudio del mercado inmobiliario en laciudad de Montevideo, específicamente, en el segmento de localescomerciales con potencialidad para la instalación de Clínicas Veterinarias. Asu vez, se compara la incidencia del costo de arrendamiento en elUruguay con respecto al de otros países. Se identifican las similitudes ydiferencias encontradas y se comparan con otros mercados en estatemática. Se presentan 2 tablas de resultados, una para alquileres y otrade compra –venta, en donde se expresan más de 160 datos relevados.SummaryThis paper presents a study of the real estate market in the city ofMontevideo, specifically in the band of shops with potential for setting upveterinary clinics. At the some time, the incidence of renting cost inUruguay are compared with other countries. The similarities anddifferences found were identified y compared with other markets in thesome field. Two tables with results, one for rentals and another one forsales, is presented with more than 160 data found.

  3. 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 ...

  4. 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 ...

  5. "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.

  6. "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.

  7. 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

  8. 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…

  9. 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)

  10. 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.

  11. 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…

  12. 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…

  13. 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)

  14. 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...

  15. 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...

  16. 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.

  17. 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.

  18. 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

  19. 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

  20. 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.

  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. Energy considerations in real estate appraising

    Energy Technology Data Exchange (ETDEWEB)

    None

    1980-04-01

    Purposes of the seminar on the subject, the basis of this report, include the following: (1) to provide the appraiser an opportunity to learn how to identify and analyze the actual physical consumption of energy as well as the energy-saving improvements in properties under appraisal and in comparable sale and lease properties; (2) to help the appraiser in developing methods to keep meaningful records on the energy consumption of subject and comparable properties so as to observe in an orderly way the behavior of buyers, sellers, tenants, landlords, borrowers, and lenders with respect to energy efficiency; and (3) to assist the appraiser in learning to measure the relative sensitivities of the various segments of the market to energy considerations as indicated by differences in sale prices and rentals. To achieve these goals, the seminar employed two case studies, one for a angle-family residence and one for a multi-family building, both in Topeka, Kansas. The case studies are for illustrative purposes only; in applying the lessons of the seminar to their own daily work, students should be careful to develop information that is pertinent to their subject properties and subject areas and not rely on any of the particulars laid out in the cases.

  3. 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...

  4. 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...

  5. 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...

  6. 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...

  7. 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...

  8. 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...

  9. 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...

  10. 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...

  11. 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...

  12. 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...

  13. 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...

  14. 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...

  15. 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...

  16. 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…

  17. 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...

  18. 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...

  19. 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...

  20. 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...

  1. 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...

  2. 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...

  3. 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...

  4. 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...

  5. 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...

  6. 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...

  7. 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...

  8. 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...

  9. 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...

  10. 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

  11. 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

  12. 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.

  13. 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.

  14. 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.

  15. 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.

  16. 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.

  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. 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.

  2. Liquidity Effectiveness of Real Estate Business Information Disclosure of Listed Companies in Shanghai Stock Market%沪市房地产企业信息披露的流动性效应

    Institute of Scientific and Technical Information of China (English)

    胡方; 路瑞莲

    2011-01-01

    Based on the annual reports of listed real estate companies from Shanghai stock market in 2008,the relationships among the quality of accounting information disclosure,corporate performance and stock liquidity.The results show that accounting information quality has an obvious negative correlation with ROE,where the authenticity of accounting information is positively correlated with ROE and negatively with the intrinsic value per share,and the integrity of information is negatively correlated with ROE.The quality of accounting information does not significantly promote the circulation of the stock.However,the authenticity of accounting information is negatively correlated with the ILLIQ,i.e.,it obviously promotes the transformation of the stock.%运用沪市房地产企业2006年—2008年度数据为样本分析会计信息披露质量与公司业绩、股票流动性的关系,研究结果表明会计信息质量与公司业绩ROE显著负相关,其中会计信息的真实性与ROE正相关,与每股内涵价值负相关,完整性与ROE负相关。会计信息质量对股票流通的促进作用不显著,但会计信息的真实性显著与ILLIQ负相关,即显著促进股票的流动。

  3. 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

  4. Evaluation on Healthy of Real Estate Market Based on PCA---Taking Henan Province as an Example%基于主成分分析法的房地产市场健康状况评价--以河南省为例

    Institute of Scientific and Technical Information of China (English)

    张鹭

    2015-01-01

    近年来,房地产在我国经济发展中发挥着越来越大的作用,但是房地产只有在合理健康范围内发展才能对经济发展产生积极作用,该文通过主成分分析法建立以规模、供求、价格和结构为分目标的房地产健康状况评价指标体系,运用客观数学方法确定权重,建立评价模型,并运用3σ法和经验数据法确定分目标中子指标的健康范围,最后分别对河南省18个地级房地产市场状况进行评价,探讨其健康程度。%In recent years,the real estate has played more and more important effect on our country’s economic development, but only the healthy and reasonable development of the real estate can have a positive effect on economic development.The arti-cle has built an indicator system based on PCA which includes scale,supply and demand,price and structure to evaluate the healthy development of the real estate.By using the mathematical method to determine the weights of objective,an evaluation model and determines the healthy range of the method of 3 and empirical data has been established,and finally,the article takes the advantage of the model to evaluate the healthy development of the real estate about the 18 prefecture level city respectively and discusses the healthy degree of the real estate market.

  5. 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.

  6. 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.

  7. 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...

  8. 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.

  9. 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.

  10. 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…

  11. 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.

  12. 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.

  13. 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.

  14. 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.

  15. 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.

  16. 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.

  17. 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

  18. 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

    concepts that contribute to a more informed decision-making on accommodation aligned with the organisation of healthcare are made applicable by elaborating
on, and connecting, existing conceptual frameworks. Conceptual models from
different disciplines are aligned in order to achieve an integral approach by both organisation and accommodation management. In addition to the conclusions and recommendations of the separate studies (1-4, the final result is a toolbox (PART 5 that can be used to support a decision-making process that results in a better informed real estate strategy. The instruments are tested by an assessment of recently completed hospital construction projects.The context of hospital real estateThe context in which hospitals have to make long-term decisions on their investment in accommodation is determined by political, demographic, economic, social and technological factors. Hospitals need to determine their position in relation to these environmental factors on the one hand and the interests of their internal and external stakeholders on the other. Context-mapping (Figure 2 is an instrument to analyse these stakeholder interests, the factors relating to the external environment and sector-specific trends and scenarios.The analysis of the hospital sector shows that recent changes in the political context has led to hospitals having to determine their own strengths and opportunities, thereby also taking responsibility for the risks and threats in recouping their investment in accommodation. The transfer of responsibilities implies that the real estate-related risks are transferred too, which immediately has implications for the financial position of the organisation and the access to loans and venture capital. Organisations must maintain reasonable access to the financial markets at all times in order to be able
to invest when necessary. Since the deregulation of investment decisions and the implementation of integrated rates in healthcare, hospitals

  19. 租售比、房价收入比与房地产市场调控——基于区际差异化市场比较的实证分析%Price-to-Rent Ratio, Housing Price-to-Income Ratio and Real Estate Market Regulation: An Empirical Analysis Based on the Comparison between Regional Market Differences

    Institute of Scientific and Technical Information of China (English)

    吴福象; 姜凤珍

    2012-01-01

    It is of vital importance to conduct a comprehensive evaluation of the. comparative ef- fects of China's regional real estate markets by making use of the two indexes: the price-to-rent ratio and the housing price-to-income ratio. The results of this study indicate that China's high housing price would force all the housing rental markets to increase rents. The deviated rent from the housing price makes the housing rental market difficult to support the real estate market effectively. At the same time, the price-to-income ratio varies in different cities, and there exists a paradox about the price-to-income ratio among the groups with different income levels, which becomes increasingly obvi- ous. Therefore, the government should control the speed of the rising price to cut off the channel of high housing price spreading to the second-hand housing rental markets in densely populated areas, perfect the three level housing mold (which is protected and supported by government and provided by market) and the income distribution mechanism, foster reasonable housing consumption concept a- mong the citizens, and cultivate a healthy housing rental market.%利用租售比、房价收入比指标综合评价我国各区域房地产市场的比价效应意义重大。研究发现:我国的高房价对住房租赁市场有倒逼作用和漫延趋势,租金相对于房价的偏离导致住房租赁市场难以有效支撑住房买卖市场;各线城市房价收入比存在差异,不同收入群体房价收入比存在着悖论并有加剧的趋势。因此,政府必须通过控制房价上涨以切断高房价向人口密集区二手房租赁市场漫延的通道,完善由政府保障、政府支持和市场提供构成的三级住房模式以及收入分配机制,引导市民合理的住房消费观,培植健康的住房租赁市场。

  20. Analysis on Regional Disparity of Monetary Policy on the Real Estate Market%货币政策对房地产市场影响的地区差异分析

    Institute of Scientific and Technical Information of China (English)

    胡碧; 路涛

    2014-01-01

    基于货币政策对中国房地产市场的调控效果存在地区间的现实差异,文章采用2006-2013年的月度数据,在讨论价格型与数量型货币政策的基础上,利用向量自回归(VAR)模型和脉冲响应函数,对中国东、中、西部区域层面的货币政策传导效果进行比较分析。研究结果表明:数量型货币政策对东部地区房地产市场的调控效果较其他两个地区更加明显,但长期数量型货币政策会导致房价上升。价格型货币政策对三个地区的影响趋势相近,并且价格型政策对各地区房地产市场的调控效果比数量型政策更有效。所以中国应差别对待各地区的政策调控,不可“一刀切”。%Based on the currently regional disparity of the impact of monetary policy on the real estate mar-ket regulation ,using the monthly data from 2006 -2012 ,the paper divides monetary policy instruments into price type tools and quantitative tools .By employing the measurement analysis method of VAR and impulse response function ,the paper compares the effects of monetary policy transmission in the eastern , central and western China .The results show that eastern region suffers the greatest impact from the quan-titative monetary policy ,but quantitative monetary policy will arise the price in long term .At the same time ,price type policy has close effect in three regions ,and price type policy in three regions is more effec-tive than quantitative policy .As a result ,China should discriminate monetary policy according to regional differences .

  1. Trocando de mãos: o mercado de imóveis rurais em Ribeirão Preto (1874-1930 Changing hands: rural real estate market in Ribeirão Preto

    Directory of Open Access Journals (Sweden)

    Renato Leite Marcondes

    2013-04-01

    Full Text Available As negociações de terras acompanharam, ao longo dos séculos XIX e XX, os movimentos cíclicos de expansão, estabilização e retração da cafeicultura em território paulista. Ao analisarmos as escrituras de compra e venda de imóveis rurais de Ribeirão Preto, verificamos um palco desse processo. Mesmo antes dos grandes plantios, ocorreu uma movimentação expressiva no mercado de terras, elevando os números e valores negociados. Grandes levas de fazendeiros, lavradores, escravos, colonos e imigrantes buscaram a região como meio para aproveitar o boom do café. Os investimentos elevaram as transações e seus valores no último quartel do século XIX, assim como o preço das terras aptas para novas plantações. No auge da produção cafeeira, nas primeiras décadas do século XX, houve uma acomodação do mercado, retraindo o volume de negociações. Na década de 1920, observamos uma retração da produção de café, dos negócios e dos preços das terras disponíveis para novos cafezais, aumentando relativamente as transações urbanas.During the 19th and 20th centuries the negotiations in land sales and development followed the movement of expansion, stabilization and reduction in the coffee growing industry of the state of São Paulo. Analyzing the sale deeds of rural real estate and properties in Ribeirão Preto we obtain an overview of this process. Even before the large plantations, the land market had expanded, increasing property and land values. Large groups of farmers, agricultural workers, slaves, colonists and migrants came to the region looking for the wealth of the coffee boom. The investments increased the number of transactions and their values, as well as the price of lands suitable for plantation.

  2. 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.

  3. 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.

  4. The Long and Short Side of Real Estate, Real Estate Stocks, and Equity

    NARCIS (Netherlands)

    M. Porras Prado (Melissa)

    2012-01-01

    textabstractThis thesis consists of three studies in the investments field, which examines the interaction between long and short positions and their impact on market participants, prices and portfolio allocations. In chapter 2, I examine the optimal portfolio composition for institutional investors

  5. 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.

  6. 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.

  7. 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...

  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. The Long and Short Side of Real Estate, Real Estate Stocks, and Equity

    OpenAIRE

    Porras Prado, Melissa

    2012-01-01

    textabstractThis thesis consists of three studies in the investments field, which examines the interaction between long and short positions and their impact on market participants, prices and portfolio allocations. In chapter 2, I examine the optimal portfolio composition for institutional investors when considering liabilities. Institutional investors, by taking into account their short positions, which in effect are their liabilities, make different asset allocation decisions (long position...

  12. 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...

  13. 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...

  14. 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...

  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. 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…

  17. 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...

  18. Application Research on GERT Network Model in Real Estate Market: Based on Parameter Configuration by Maximum Entropy%房地产市场GERT网络模型应用研究——基于极大熵参数配置

    Institute of Scientific and Technical Information of China (English)

    王传会; 方志耕; 公维凤

    2013-01-01

    采用极大熵方法配置参数,构建了考虑体外循环的GERT网络模型,研究投资决策参量的相关参数的函数关系、运算法则及确定方法,提出了考虑体外循环的GERT网络模型求解算法.将该GERT网络模型应用于房地产市场领域,研究房地产市场中各参与主体之间的投资决策流动系统.结果显示,利用该GERT网络模型能充分反映房地产市场中各部门之间、房地产市场部门与体外环境部门之间的交互影响关系,可得到科学合理的量化结论.%This paper constructs a GERT network model with extracorporeal feedback loop through using the method of maximum entropy to make the parametric configuration, and analyzes the function relation and the operating regulation of parameters about investment decision. Then it provides an analytic algorithm of this GERT network model. And it applies this GERT network model to study the investment decision flowing system of participants in real estate market. The result shows the mutual influence relationship among sections in real estate market,and the mutual influence relationship between sections in real estate market and sections in extracorporeal feedback loop could be reflected by this GERT network model.

  19. 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...

  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. 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.

  2. 资产价格波动的通货膨胀预期效应基于房地产市场的实证分析%Inflation Expectation Effect of Asset Price Volatility--Based on Empirical Analysis of Real Estate Market

    Institute of Scientific and Technical Information of China (English)

    王益君

    2016-01-01

    The empirical analysis of the real estate market confirms that the changes in asset prices will affect people's judgment about the future economy,especially affecting the judgment on future price of consumer goods.According to the principle of"self-fulfillment expectations", this will impact the actual inflation or deflation.The study also shows that the prices of real es-tate have greater impact on the inflation expectations than the funds.So in order to control the inflation and inflation expectations,the regulators should especially monitor the real estate mar-ket to prevent big price fluctuations .%通过对房地产市场的实证研究,证实了资产市场资产价格的变化会影响到人们对未来经济形势的判断,进而影响到公众对未来消费品市场价格的判断,根据“预期自我实现”的原理,会对实际的通货膨胀或者通货紧缩产生影响。研究表明,房地产市场价格走势对通货膨胀预期的影响,要大于房地产市场资金变化对通胀预期的影响,所以监管层要管理好通货膨胀和通货膨胀预期,就要加强对资产市场尤其是房地产市场的监控,防止房价的大起大落。

  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. 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...

  6. 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...

  7. 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...

  8. 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

  9. 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

  10. 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.

  11. 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.

  12. 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

  13. 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

  14. 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.

  15. 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.

  16. 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.

  17. 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...

  18. 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.

  19. 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.

  20. Analysis of the causes and harm of the real estate bubble%浅析房地产泡沫的成因与危害

    Institute of Scientific and Technical Information of China (English)

    王道勋; 牛二敏

    2013-01-01

    近年来,房地产市场持续火热,商品房全面热销,销售价格呈现较大幅度增长。而火爆的房地产市场也引发了有关房地产泡沫的争论。房地产泡沫的存在有利有弊,关键在于将其控制在适度的范围内,避免出现泡沫经济。因此,分析房地产泡沫的形成与危害,针对性提出了防止房地产泡沫的措施。%In recent years,the real estate market continued fiery,comprehensive commercial housing sales,sales price has increased greatly. And the unpopular in the real estate market has caused the real estate bubble debate. Real estate bubble there are both ad-vantages and disadvantages. The key lies in its control,in the moderate range,to avoid the emergence of the bubble economy. There-fore,analysis of the formation and harm of the real estate bubble,puts forward the measures to prevent the real estate bubble.

  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. 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.

  4. 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.

  5. The Stackelberg differential game model and intergovernmental cooperation design of real estate market%房地产市场的主从微分对策模型与政府间合作设计

    Institute of Scientific and Technical Information of China (English)

    陈迅; 张晶; 张荣

    2011-01-01

    The game between local governments and real estate enterprises was studied by utilizing Differential Game Theory. This paper interprets governments' land supply strategies and interest rate strategies, as well as developers' land reserved strategies. It is proven by cooperative game models that in order to achieve all the domestic local governments' Pareto improvement, they should cooperate together to game with each real estate enterprise. The results 1-5 show the economic implications, and a theoretical basis on selecting dynamic optimal strategies for each player is provided. More importantly in theory, it is the first time to construct the models based on both Stackelberg differential game theory and Bang-Coast-Bang control, and fully explain the cause and solutions of this kind of economic control problems, which provides a new way and intelligent supports for more in-depth researches.%利用微分对策研究地方政府与当地房地产企业之间的博弈问题,解释了企业的开发策略和政府的供地、利率策略,并通过合作博弈的模型证明:国内所有地方政府应联合起来与各个地产企业展开博弈,进而实现帕累托改进.在结论1-5解释了经济含义,并为各局中人如何选择动态最优策略提供了理论支持.更重要的是在理论方面,首次将主从微分对策与Bang-Coast-Bang控制相结合,并对该类与经济相关的控制问题的成因和求解方法进行了明确的阐述,为此类问题更加深入地研究提供了新途径与支持.

  6. Research on the Development Mode of Real Estate Crowdfunding%房地产众筹发展模式研究

    Institute of Scientific and Technical Information of China (English)

    贺灵

    2015-01-01

    近几年我国房地产市场逐渐进入白银时代,房地产企业面临严重的库存高、融资难等问题,房地产众筹则成为房地产企业的转型之路。通过分析我国房地产众筹的发展情况、发展模式及典型案例等,研究发现我国房地产众筹仍处于起步阶段,主要以营销型、投资型为主,而集体定制模式的房地产众筹颇具潜力,针对目前存在的问题,提出一些解决对策。%In recent years,China’s real estate market has gradually entered the era of real estate, real estate enterprises are facing serious problems of high inventory,financing difficulties,real estate crowdfunding would become the transformation of the road of real estate companies.This paper mainly analyzes the development of real estate crowdfunding in China,the development model and the typical case,the research found that the real estate crowdfunding is still in the initial stage of development,mainly in marketing,investment oriented,and the collective customization mode of real estate crowdfunding has considerable potential.And for the current model of the problem,put forward some countermeasures.

  7. 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...

  8. 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...

  9. 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...

  10. 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...

  11. 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...

  12. 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...

  13. 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...

  14. 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...

  15. 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...

  16. 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.

  17. 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.

  18. 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.

  19. Short-Term Effect Research on Stock Yield Volatility after Private Equity Placements--- With Samples of Real Estate Stocks of Shanghai and Shenzhen Security Markets%定向增发对股价收益率波动性影响的短期效应研究--以沪、深两市房地产类股票为样本

    Institute of Scientific and Technical Information of China (English)

    郭世辉; 雷静姗

    2013-01-01

      Based on 7 representative real estate stocks with Private Equity Placements in Shanghai and Shenzhen security markets in 2007 ,this paper compiles the Private Equity Placements real estate index , and analyzes the volatility of this stock index yields from January 2008 to March 2012 .The research has found that the volatility of Private Equity Placements real estate index yields has increased obviously in short term ,while the volatility of real estate index ,Shanghai index and Shenzhen component index re-maines stable relatively .Based on the reasoning of Asymmetric Information theory and empirical studies , it shows that Private Equity Placements has increased share price and yield volatility of listed company in short term ,while it seems like bring positive effect to yield .%  选取沪、深两市2007年既进行定向增发又具有行业代表性的7只地产股为样本数据,编制定向增发地产指数,并分析该指数在2008年1月-2012年3月间的收益率波动性。研究发现,定向增发地产指数收益率的波动性在短期内明显增加,而地产指数、上证指数和深证成指在同一时期内的波动性却相对稳定。基于信息不对称学说的推理和在 GARCH 模型中引入虚拟变量的方法实证研究表明,定向增发再融资方式带来收益率正效应的同时,会增加上市公司股价和收益率短期内的波动性。

  20. 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.

  1. Impact of estate agents on market and the relationship with experience

    Directory of Open Access Journals (Sweden)

    Serkan Dilek

    2014-07-01

    Full Text Available In markets we witness firms competing to satisfy the needs of consumers. The reason of their activity is to maximize their profits. On the other hand consumers try to maximize their utility by looking for goods with highest quality and cheapest price. Though in theory (perfect competition markets scholars assumed that all agents have all information they needed, in daily life they don’t. They should strive to get information by searching. Addition to this, they face with transaction costs while they are searching. Intermediaries are important for decreasing transaction costs and searching time, facilitating transactions. However, some people don’t agree and they think that intermediaries are agents who earn without contributing market equilibrium or facilitating transactions. Experiences are important in making effective decisions and perceptions of agents. Generally, we witness that experienced agents make more accurate decisions in economic life. The aim of this study is to determine perceptions of Kastamonu University pupils about the role of intermediaries in economy and question the relationship between market experience and perceptions about the role of them in economy. To this aim, a query is conducted to pupils in university. In this query real estate market was chosen and questions were asked about them. Also, study searched if experiences are important in shaping perceptions and obtained significant results.

  2. Study on the real estate speculation measurement of Huaian City%淮安市房地产投机度测量研究

    Institute of Scientific and Technical Information of China (English)

    陈林

    2013-01-01

    The per capita disposable income of urban residents,the short-term loan interest rates,the real estate price the actual growth rate of the three main factors affecting the real estate prices,the establishment of the real estate speculation degree test model,the use of Huaian City real estate speculation degree by regression analysis of E-VIEWS software,and then judge the Huaian real estate market speculation degree is serious,so as to provide some references for the relevant departments to formulate the policy of real estate.%选取城镇居民人均可支配收入、短期贷款利率、房地产价格实际增长率这三个影响房地产价格的主要因素,建立房地产投机度检验模型,运用e-views软件对淮安市房地产投机度进行回归分析,进而以此判断淮安市房地产市场的投机度是否严重,以期为相关部门制定房地产政策提供一些参考。

  3. 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.

  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. 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.

  10. Prevention of Main Risk of Second-hand Real Estate Market on Basis of "Two Margins" System%基于“两金”制度的二手房市场主体风险的防范

    Institute of Scientific and Technical Information of China (English)

    李之松

    2011-01-01

    Intermediary transaction is the main mode of the second-hand housing transaction.In the model,the buyer,seller and the intermediate side,being the main market subjects may cause the risk of second-hand housing transaction."The housing transaction margin" and "the intermediary liability margin" can standardize the main market practice,increase the game cost of the main market and play a positive role in preventing the main risk of second-hand real estate market.%居间交易模式是当前二手房买卖交易的主要模式。在居间交易模式下,买方、卖方和居间方作为市场主体,均会引致二手房买卖风险。通过"房屋交易保证金"和"居间责任保证金",规制市场主体行为,加大市场主体的博弈成本,对防范二手房市场主体风险具有积极作用。

  11. On the Measurement of Bubble Level of China's Urban Real Estate Market---Taking Qingdao as an Example%中国城市房地产市场泡沫水平度量研究--以青岛市房地产市场为例

    Institute of Scientific and Technical Information of China (English)

    赵飞; 王崇锋; 温霞

    2014-01-01

    房地产业的发展对我国经济有着明显的带动和制约作用,现实经济中房产泡沫的存在威胁着经济的发展。房产泡沫的研究通常采用指标体系衡量的方法,指标体系具体包括:供给指标、需求指标和投机价值。为确定上述三个指标的标准值区间,建立了相应的数学模型,并以青岛市为例,计算出2012年青岛市房地产泡沫度指数为1.51,即指数处于房地产泡沫的警戒区间。因此,以泡沫产生的原因为起点并结合我国现状,我国房产泡沫问题的解决应着重完善土地政策改革,调整保障性住房结构,规范市场秩序并建立房产市场预警制度等。%The development of the real estate industry has obvious driving and restricting effects on China 's economy ,and the housing bubbles have threatened the economic development .The supply index ,demand index and speculative value are adopted to analyze the housing bubbles .By constructing mathematical models , the range of standard values of these three indexes could be determined .It is calculated that the index of the housing bubbles in Qingdao real estate industry is 1.51which shows that the index stays at the warning range .It should be focused on improving the land policy reform , adjusting the indemnificatory housing structure , regulating market orders and establishing early warning system in the real estate market to solve the problems of China's housing bubbles .

  12. 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.

  13. 新兴房屋租赁模式的思考--以一二线城市房地产市场供需为例%Thinking on the New House Leasing Model -- A Case Study of the Supply and Demand of the Real Estate Market in a Second Tier City

    Institute of Scientific and Technical Information of China (English)

    董丽英; 程驰

    2016-01-01

    At present, China's real estate market, structural contradictions, one or two cities housing prices rose too fast, while the three or four cities for more than demand, facing greater pressure to inventory. Therefore, some Internet companies, new venture capital firms and even large real estate companies began to innovate in a second tier cities housing rental model, the layout of the housing rental market. May 4th held a State Council executive meeting to foster and develop the housing rental market, and promote new urbanization in order to meet the needs of the masses of housing. From the national policy level to encourage the development of the housing rental market, this is at the beginning of the year take measures to reduce the real estate inventory under the background of a new State Council promulgated. The purchase rental simultaneously, the development of housing rental market, is an important content of deepening the reform of the housing system, to accelerate the improvement of residents especially new public housing conditions, to promote the new urbanization process, providing housing security for Youth Innovation and entrepreneurship. Therefore, it is necessary to give a certain ifnancial policy support for this new format.%当前我国房地产市场出现结构性矛盾,一二城市住房价格上涨过快,而三四城市供大于求,面临较大去库存压力。因此,一些互联网企业、新兴创业投资公司乃至大型房地产企业开始在一二线城市创新住房租赁模式,布局住房租赁市场。5月4日召开的国务院常务会议提出培育和发展住房租赁市场,推进新型城镇化以满足群众住房需求。从国家政策的层面鼓励房屋租赁市场的发展,这是在年初多措并举降低房地产库存的背景下,国务院出台的又一新政。实行购租并举,发展住房租赁市场,是深化住房制度改革的重要内容,有利于加快改善居民尤其是

  14. Application of Value Engineering in the Real Estate%价值工程在房地产中的应用

    Institute of Scientific and Technical Information of China (English)

    林毅宏; 方遒

    2011-01-01

    In this paper, combining with the theoretical core of value engineering, the application of value engineering in the real estate is discussed from the site selection phase, planning phase, design phase, construction phase, and marketing phase of life cycle for real estate development project.%本文结合价值工程的理论核心,从房地产开发项目生命周期的选址阶段、策划阶段、设计阶段,施工阶段及营销阶段探讨了价值工程在房地产中的应用.

  15. 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.

  16. 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.

  17. 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.

  18. 基于信号博弈的上市房地产公司负债率与市值关系研究%Relationship between Debt Ratio and Market Capitalization of Listed Real Estate Corporations Based on Signaling Game

    Institute of Scientific and Technical Information of China (English)

    陶萍; 张春雨

    2013-01-01

      分析了基于信号传递理论和博弈论构建的信号博弈模型,选择了深沪两市110家上市房地产公司的数据作为研究对象,利用回归分析和聚类分析验证了负债率与上市房地产公司市值的关系,并进一步分析了负债类型对公司市值的影响,对信号博弈模型进行了验证。分析表明,上市房地产公司的市值与负债率正相关,长期负债率更能向投资者传递积极信号。分析结果验证了信号博弈模型对上市房地产公司在融资形式和融资结构方面的适用性。%This study is to analyze the signaling game model based on the signal transmission theory and game theory,the data of 110 listed real estate corporations is selected as samples. This paper uses regression analysis and cluster analysis to make the empirical research of signaling game model. It is concluded that the market capitalization of listed real estate corporation is positively correlated with debt ratio and long-term debt ratio is more likely to pass positive signal to investors,which verifies the applicability of the signaling game model.

  19. 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。

  20. 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

  1. 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.

  2. Impact of capital structure on performance: Empirical study based on data of 121 Chinese real estate listed companies A share market between 2009 and 2011%房地产上市公司资本结构对企业绩效的影响分析——基于A股121家公司2009—2011年的财务数据

    Institute of Scientific and Technical Information of China (English)

    任木荣; 冯明静

    2012-01-01

    在对资本结构影响企业绩效的理论分析基础上,选取121家A股房地产上市公司2009—2011年的财务数据作为研究样本,对房地产企业的资本结构现状和绩效现状进行描述性统计分析,并运用多元回归分析方法对二者之间的关系进行实证研究。结果表明:房地产企业的资产负债率与企业绩效正相关,股权结构对企业绩效影响不显著。据此,提出房地产企业应拓宽融资渠道,避免过度利用财务杠杆,因公司而异采取适当的逆周期经营策略等,以提高绩效,预防财务风险。%Based on the theory of capital structure, this thesis selects financial data of 121 Chinese real estate listed companies of A share market between 2009 and 2011 as study sample, adopts descriptive analysis to summarize the present situation of real estate capital structure and corporate performance, and then employs regression analysis to make an empirical study on capital structure and corporate performance of real estate companies. The results show that asset-liability ratio is positively correlated with firm performance while equity structure has no significant impact on it. Finally, this article gives some advices to improve the performance and prevent financial risks of real estate enterprises basing on empirical analysis conclusions.

  3. 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...

  4. Empirical study of measuring methods of real estate's speculative bubble%房地产投机泡沫测度实证研究

    Institute of Scientific and Technical Information of China (English)

    赖一飞; 唐松; 黄芮

    2012-01-01

    分析了房地产泡沫的成因,基于投机的房地产泡沫理论,建立房地产价格的回归模型,并在此基础上,建立了房地产投机泡沫测度的计量模型.然后,运用该模型对我国房地产市场进行投机泡沫测度研究,结果表明我国房地产市场在整体上并不存在泡沫,但已处在泡沫的边缘.最后,对社会上普遍存在的泡沫论观点进行了分析,指出我国房地产投资与宏观经济指标出现了脱节,存在过度投资,并不是泡沫,从而也支持了投机测度模型的结论.%The causes of the real estate bubble is analyzed based on the speculative housing bubble theory.A real estate price regression model is established firstly;and then a real estate bubbles measurement model is established too.Then the model is use to measure the speculative bubbles of China's real estate market.The results show that the real estate market in China,on the whole,there does not exist bubble,but has reached the edge of the bubble.Finally,the paper analyzes the social common bubble viewpoint in China,and points out that the real estate investment and macroeconomic indicators presented the disjointed.There exists excessive investment in development,but not bubble,which also support the speculative measure model conclusion.

  5. 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.

  6. Social Accounting Matrix as a Tool for Studying the Impact of Commercial Real Estate on the National Economy

    Directory of Open Access Journals (Sweden)

    Lytvynenko Kateryna О.

    2015-09-01

    Full Text Available In the article, a social accounts macro-matrix (SAMM of Ukraine was built. It has been proven that SAMM is a flexible tool for inter-sectoral analysis, combines data from many different sources that help describing the structural characteristics of economy. The publication analyzes all accounts in the matrix, such as added value, intermediate demand, distribution of net factor income, private consumption, current Government expenditures, investment demand, foreign trade and others, taking into account the impact of the commercial real estate market for every given account. It has been found that this market is closely linked to almost all parts of the economic system, is influenced by the macroeconomic indicators and can by itself contribute to revitalization and recovery of individual industry sectors and the economy as a whole. The social accounting matrix in the future can serve as a basis for researching the multiplied effects from investing in a specific sector, for this very case – the commercial real estate market, to calculate the direct, indirect and induced effects of cash infusions.

  7. 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.

  8. 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.

  9. 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)

  10. 证券市场选择是否影响公司业绩与价值?--来自中国房地产行业的经验证据%Does IPO Market Choice Affect Firm Performance and Value?---Evidence from Chinese Real Estate Industry

    Institute of Scientific and Technical Information of China (English)

    韦茜; 王志华

    2016-01-01

    Choice among different stock markets is an important decision for firms during IPOs. Does location choice af-fect firms’ post-IPO performance and market value? Using data of real estate firms in mainland China, this article proves that those firms listed in the Hong Kong stock market have exhibited higher performance ( return on asset) than those listed in ma-inland Chinese stock markets, though their market values do not differ significantly. Additionally, among those firms listed in Hong Kong, state ownership leads to lower market value;however, for firms listed in mainland China, state ownership results in higher value. These empirical findings are consistent with predictions from corporate governance and agency theories. Be-sides the possibility that firms with high quality asset are more likely to do IPOs in Hong Kong, the more perfect monitoring mechanisms in the Hong Kong stock market can mitigate agency problems and enhance firms’ performance.%企业在不同资本市场之间的选择往往是上市过程中一个重要决策。上市地点是否会影响其后续业绩表现以及价值?文章基于中国内地房地产企业数据的研究发现,在中国香港上市的企业比在中国内地上市的企业经营业绩更优,而两者在股市价值上并无显著差别。另外,在(中国)香港上市的房地产企业中,国有企业股市价值低于非国有企业;而在中国内地上市的房地产企业中,国有企业股市价值高于非国有企业。研究结果说明,证券市场完善的监管有利于降低代理人问题,提高企业经营业绩。

  11. Present China real estate industry price's reasonable research%当前我国房地产价格的合理性研究

    Institute of Scientific and Technical Information of China (English)

    陈立新

    2012-01-01

    近年来,我国房地产价格大幅快速上涨,引起了公众和政府的高度关注。本文使用两个不同的指标分析了当前我国房地产市场的价格状况。从房价收入比来看,我国大部分居民的收入难以承受过高的房价,我国的房价存在很大的泡沫;从租金房价比来看,租金较低,房价严重偏高,目前房地产投资存在较高的风险,对房地产业以及整个国民经济和社会的稳定有着严重的影响。研究表明我国绝大多数城市的房屋定价不合理,严重偏高,房地产市场存在较大的泡沫和较高的风险。因此,政府还要继续对房地产业实行调控,加快实施保障性住房和廉租房建设,使房价逐步回归到合理水平,促进房地产业的持续、稳定、健康发展。%In the past years,China's real estate prices have increased greatly and caused a high degree concerns from public and government.This article uses two different indicators to analyze the current price of the real estate market in China.From the view of ratio of family earnings and real estate price,the family income of most of residents can not afford the high real estate price;the real estate of our country is a big bubble now.From the view of ratio of rental price and real estate price,rental price is low whereas real estate price is seriously high;real estate investment has more risk.The study showed that the housing prices in vast majority cities are unreasonable;there are severe big bubble and high risk in real estate market.Therefore,the Government should continually implement the real estate regulation to accelerate the construction of affordable housing and low-cost rental housing,to make the real estate prices gradually reaching a reasonable level,and to promote the developing of real estate industry sustained,stable and healthy.

  12. Marketing of residential realestate

    OpenAIRE

    Taradi, Danijel

    2013-01-01

    When Slovenia joined the European Union the marketing of real estate has expended over the country's borders. The thesis discusses the marketing of residential real estates in the municipality of Gorizia and municipality of Nova Gorica in the time period from January 2013 to February 2013. We assume that the prices of residential real estates in the municipality of Gorizia are lower than the prices in the municipality of Nova Gorica. Based on this, we analyse the residential real estate mark...

  13. 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...

  14. 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...

  15. 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...

  16. 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...

  17. 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...

  18. 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...

  19. 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...

  20. 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...