Academic literature on the topic 'Actual situation on the real estate market'
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Journal articles on the topic "Actual situation on the real estate market"
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Shao, Bi Lin, Ting Meng, and Wen Juan Liu. "Research on Prediction of Urumqi City Real Estate Supply and Demand Based on Gray System." Advanced Materials Research 1065-1069 (December 2014): 2530–33. http://dx.doi.org/10.4028/www.scientific.net/amr.1065-1069.2530.
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This paper takes gray prediction forecasting model as a tool to forecast the real estate market in Urumqi from development and investment, construction housing area and sale of housing area. The difference between the actual value and the predicted prediction value is small, with high accuracy. Predictive value can be reflected in the coming period of the real estate market situation in Urumqi. From the predicted results, we could know that there is a lot potential in Urumqi real estate market in next few years and investment in real estate the construction housing area, housing area of real estate sale will get a larger annual growth. In general, there will be increasing potential in the development of the real estate market in Urumqi. Meanwhile, Urumqi real estate market will tend to rationally develop under the regulation of government in the next few years.
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Hương, Pham Thanh. "Management Accounting in Pricing Decisions for Real Estate of Real Estate Enterprises in Vietnam." Accounting and Finance Research 7, no. 4 (September 7, 2018): 35. http://dx.doi.org/10.5430/afr.v7n4p35.
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In Real Estate Enterprises (REEs), managers always have to make decisions while running their business in various forms. Among the manager’s decisions on real estate business, the pricing decision for real estate is one of the difficult decisions for managers in the REEs. Pricing decisions for real estate are often strategic decisions, which play an important role for the existence and development of REEs. Thus, enterprise managers often consider this to be the most important task for its historical mission and decisive factor of other tasks. This paper focuses on analyzing and evaluating the actual situation of Vietnam’s REEs in making pricing decisions for real estate, then proposing some recommendations for improving the information system and pricing decisions for real estate making process for creating the highest economic efficiency for the REEs in the current market conditions.
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Yang, Yi, and Shan Li. "Simulation and Empirical Analysis on Real Estate Prediction Based on Friction Model." Applied Mechanics and Materials 716-717 (December 2014): 474–78. http://dx.doi.org/10.4028/www.scientific.net/amm.716-717.474.
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Based on the housing holding cost model, this paper obtains the causes of real estate price expectations, and analyzes the four factors which affects real estate price expectations from the theory: the supply side, demand side, the local government and some main monetary policy variables. Combined with the actual situation in Chinese real estate market this paper puts forward the corresponding hypothesis. The empirical results show that the main source of housing prices driving force is the demand side, while the impact of local government on prices is not obvious; the effect of supply side and monetary policy on house prices is relatively small. The nominal interest rate has no significant effect on prices, and the real interest rate has more obvious effect. Based on the empirical conclusions, this paper puts forward the corresponding policy suggestion of houses prices expectation management.
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Cellmer, Radosław, and Katarzyna Szczepankowska. "Use of Statistical Models for Simulating Transactions on the Real Estate Market." Real Estate Management and Valuation 23, no. 2 (June 1, 2015): 102–11. http://dx.doi.org/10.1515/remav-2015-0019.
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Abstract The regularities and relations between real estate prices and the factors that shape them may be presented in the form of statistical models, thanks to which the diagnosis and prediction of prices is possible. A formal description of empirical observation presented in the form of regressive models also offers a possibility for creating certain phenomena in a virtual dimension. Market phenomena cannot be fully described with the use of determinist models, which clarify only a part of price variation. The predicted price is, in this situation, a special case of implementing a random function. Assuming that other implementations are also possible, regressive models may constitute a basis for simulation, which results in the procurement of a future image of the market. Simulation may refer both to real estate prices and transaction prices. The basis for price simulation may be familiarity with the structure of the analyzed market data. Assuming that this structure has a static character, simulation of real estate prices is performed on the basis of familiarity with the probability distribution and a generator of random numbers. The basis for price simulation is familiarity with model parameters and probability distribution of the random factor. The study presents the core and theoretical description of a transaction simulation on the real estate market, as well as the results of an experiment regarding transaction prices of office real estate located within the area of the city of Olsztyn. The result of the study is a collection of virtual real properties with known features and simulated prices, constituting a reflection of market processes which may take place in the near future. Comparison between the simulated characteristic and actual transactions in turn allows the correctness of the description of reality by the model to be verified.
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Lisi, Gaetano, and Mauro Iacobini. "Estimating the housing price with a search-and-matching model." Journal of European Real Estate Research 8, no. 2 (August 3, 2015): 196–216. http://dx.doi.org/10.1108/jerer-09-2014-0035.
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Purpose – This paper aims to pose an important starting point for the application of the search-and-matching models to real estate appraisals, thus reducing the “gap” between practitioners and academicians. Due to relevant trading frictions, the search-and-matching framework has become the benchmark theoretical model of the housing market. Starting from the large related literature, this paper develops a simplified approach to modelling the frictions that focuses on the direct relationship between house price and market tightness (a common feature only for the labour market matching models). The characterization of the equilibrium through two main variables simplifies the analysis and allows using the theoretical model for empirical purposes, namely, the real estate appraisals. Design/methodology/approach – This work is both theoretical and empirical. Theoretically, a long-run equilibrium model with a positive share of vacant houses and home seekers is determined along with price and market tightness. Also, the conditions of existence and uniqueness of the steady-state equilibrium are determined. Unlike most of the search-and-matching models in the housing literature, the out-of-the steady-state dynamics are also analyzed to show the stability of the equilibrium. Empirically, to show the usefulness of the theoretical model, a numerical simulation is performed. By using two readily available housing market data – the expected time on the market and the average number of trades – it is possible to determine the key variables of the model: price, market tightness and matching opportunities for both buyers and sellers. Although the numerical simulation concerns the Italian housing market, the proposed model is generally valid, being empirically applicable to all real estate markets characterized by non-negligible trading frictions. Indeed, the proposed model can be used to compare housing markets with different features (concerning the search and matching process), as well as analyse the same housing market in different time periods (because the efficiency of the search and matching process can change). Findings – Several important results are obtained. First, the price adjustment – i.e. the difference between the actual selling price and the price obtained in an ideal situation of frictionless housing market – is remarkable. This means that the sign and the size of the price adjustment depend on the extent of trading frictions in the housing market. Precisely, the higher the trading frictions on the demand side (more buyers and less sellers), the higher the actual selling price (the price adjustment is positive), whereas the higher the trading frictions on the supply side (less buyers and more sellers), the lower the actual selling price (the price adjustment is negative). Accordingly, the real estate appraisers should assess the trading frictions in the housing market before determining the price adjustment. Second, an increase in the number of trades affects the house price only if the time on the market varies. Also, the higher the variation in the time on the market, the larger the house price adjustment. Indeed, the expected time on the market reflects the opportunities to matching for both parties and thus the trading frictions. If the time on the market increases (decreases), the seller will receive less (more) opportunities to match; thus, the actual selling price will be driven downwards (upwards). Originality/value – As far as the authors are aware, none of the existing works in the search and matching literature has considered how to take advantage of this theoretical approach to estimate the house price in the presence of trading frictions in the housing market. Indeed, the proposed theoretical model may be a useful tool for real estate appraisers, as it is able to derive the trading frictions from the time on the market and the number of trades, thus estimating properly the house price.
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Schmeleva, Anna. "Assessment and improvement of the Moscow residential real estate market's environmental friendliness by sharing economy principles." E3S Web of Conferences 210 (2020): 13040. http://dx.doi.org/10.1051/e3sconf/202021013040.
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Sharing economy platforms transform traditional production and consumption systems in cities around the world. While the sharing economy aims to increase the resilience of different economic systems, its actual economic, social, and environmental effects remain under-researched. During the pandemic of Covid-19, economic and environmental crises, and growing uncertainty, it becomes essential to promote sustainable and promising forms of shared (distributed) resources. Ways to benefit from the sharing economy's advantages, despite the significant number of Russian and foreign publications, are still poorly understood. At present, it is crucial to explore the roles, perspectives, and effects of both resource owners and users and Russian interaction platforms. Let us look at this sharing economy's development aspect on the example of the Moscow real estate market, taking into account the environmental impact of the large-scale housing renovation program. There have been identified some digital environmental IT platforms aimed at improving the efficiency of transfer and use of information resources (the main principle of sharing – to improve the efficiency of resources and information, in this case - environmental) on the environmental situation in Moscow and the region to inform the public about the opportunities and the primary environmental risks in housing purchase or construction.
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Abidoye, Rotimi Boluwatife, and Albert P. C. Chan. "Achieving property valuation accuracy in developing countries: the implication of data source." International Journal of Housing Markets and Analysis 11, no. 3 (June 4, 2018): 573–85. http://dx.doi.org/10.1108/ijhma-07-2017-0068.
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PurposeThe demand for accurate property value estimation by valuation report end users has led to a shift towards advanced property valuation modelling techniques in some property markets and these require a sizeable number of data set to function. In a situation where there is a lack of a centralised transaction data bank, scholars and practitioners usually collect data from different sources for analysis, which could affect the accuracy of property valuation estimates. This study aims to establish the suitability of different data sources that are reliable for estimating accurate property values.Design/methodology/approachThis study adopts the Lagos metropolis property market, Nigeria, as the study area. Transaction data of residential properties are collected from two sources, i.e. from real estate firms (selling price) and listing prices from an online real estate company. A portion of the collected data is fitted into the artificial neural network (ANN) model, which is used to predict the remaining property prices. The holdout sample data are predicted with the developed ANN models. Thereafter, the predicted prices and the actual prices are compared so as to establish which data set generates the most accurate property valuation estimates.FindingsIt is found that the listing data (listing prices) produced an encouraging mean absolute error (MAE), root mean square error (RMSE) and mean absolute percentage error (MAPE) values compared with the firms’ data (selling prices). An MAPE value of 26.93 and 29.96 per cent was generated from the listing and firms’ data, respectively. A larger proportion of the predicted listing prices had property valuation error of margin that is within the industry acceptable standard of between ±0 and 10 per cent, compared with the predicted selling prices. Also, a higher valuation accuracy was recorded in properties with lower values, compared with expensive properties.Practical implicationsThe opaqueness in real estate transactions consummated in developing nations could be attributed to why selling prices (data) could not produce more accurate valuation estimates in this study than listing prices. Despite the encouraging results produced using listing prices, there is still an urgent need to maintain a robust and quality property data bank in developing nations, as obtainable in most developed nations, so as to achieve a sustainable global property valuation practice.Originality/valueThis study does not investigate the relationship between listing prices and selling prices, which has been conducted in previous studies, but examines their suitability to improve property valuation accuracy in an emerging property market. The findings of this study would be useful in property markets where property transaction data bank is not available.
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BROYAKA, Antonina. "CONSUMER BEHAVIOUR IN THE MODERN MARKET ECONOMY." "EСONOMY. FINANСES. MANAGEMENT: Topical issues of science and practical activity", no. 4 (44) (April 2019): 32–40. http://dx.doi.org/10.37128/2411-4413-2019-4-4.
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The article investigates the peculiarities of consumer behavior in modern market conditions. The theoretical and methodological approaches to the consumer behavior formation are highlighted; the exogenous and endogenous factors affecting it are identified. The various models of consumer behavior are characterized, depending on their income level. It has been found that lower-income consumers are more likely to behave more rationally; they buy those products that meet urgent needs and are more attractive in price. The middle class mainly chooses products on the criterion of "price-quality". The degree of rationality in their behavior will depend on the stability of the economy and consumer expectations regarding real future income. As for high-income consumers, their demand does not depend on price, since the higher cost of the goods they buy undermines their wealth and status. The level and dynamics of incomes of the population of Ukraine, including in urban and rural areas, are analyzed. The analysis shows an increase in the share of the population with high incomes (for comparison, in 2018, 27.4% of Ukrainians had incomes over UAH 5,160 against 12.6% in 2017), and this trend is observed as in cities (30.5% in 2018 compared with 13.6% in 2017) and in rural areas (21.2% in 2018 compared with 10.4% in 2017). However, rural residents predominantly have lower total incomes compared with urban residents: in 2016, according to surveys of the State Statistics Service of Ukraine, urban households received an average of 5842 UAH per month (per capita 28080 UAH), rural - 5871 UAH (per capita 2,706 UAH) in 2017 - respectively 7,749 UAH (per capita 3,725 UAH) and 7,542 UAH (per capita 3,476 UAH) in 2018 - respectively 9,722.5 UAH and 9073.3 UAH. The increase in income is due to an increase in the minimum and average level of wages, the volume of transfer payments (in particular, subsidies and other types of social assistance), income from entrepreneurial activity, and etc. A significant part of the incomes of the Ukrainian population is occupied by wages, which increased from 40.8% in 2010 to 45.6% in 2017. However, this is a statement of nominal income growth, which is not enough to meet even the basic needs of consumers in the conditions of rapid price increase. Despite the actual increase in incomes, the purchasing power of consumers in Ukraine is quite low, which is caused by a decrease in real incomes of the population. The dynamics and cost structure of Ukrainian consumers is investigated. The imbalance of the budget of consumers, as well as the lack of actual income to meet the existing needs of the population, are revealed. The gap between the incomes of the population and its expenditures on the purchase of goods and services is quite small, meaning that Ukrainians spend almost all their money resources on current consumption, and thus the possibility of accumulating savings is low, which in turn reduces the prospect of increasing demand for more expensive goods, including long-term use, travel, real estate and more. The lowest share of expenditures on purchasing goods and services in the annual income in the period 2005-2017 was 76% in 2010 and the highest in 2017 was 89%. According to preliminary results of 2018, the share of expenses of Ukrainians in their income is on the average within 85%. Consumers spend more than half of their income on food, driven by low wages for most workers, high unemployment and underemployment, the disparity in current prices and real incomes of the population. The share of household expenditures on housing maintenance (including ongoing repairs), water, electricity, gas and other fuels is rising from 10.26% in 2010 to 18.3% in 2017. Consumers spend about 6% of their income on buying clothes and shoes (with 27.5% of the population having insufficient funds to upgrade their outerwear and shoes for the cold season once every 5 years). On average, only 4% of their budget is spent on healthcare. The GDP indicator and deflator indices, which are indicators of the real consumer purchasing power, are analyzed. Comparing the GDP deflator and the consumption deflator, we see that their dynamics in 2010-2014 have had a similar trend, but since the turning point of 2016, which is characterized by an increase in physical GDP, consumers are behaving more restrained about purchases, even as the pace of growth slows and the gradual signs of overcoming the negative effects of the crisis. The reason for this behavior of consumers is pessimistic expectations about the future economic situation in the country, reduction of accumulated savings, and an increase in the poverty level of the population. The happiness index is considered as a criterion that affects the propensity to consumption and saving. Analyzing the ranking of the countries of the world by the index of happiness, it should be noted that in 2018, Ukraine ranked 138th out of 156 countries, down 6 steps, compared to the previous year. The measures to increase the economic efficiency of consumer behavior and maximization of its utility are proposed. Under the conditions of insufficient financial and material security of the population of Ukraine, an important step of the state for maintaining the purchasing power of consumers is subsidizing public utilities, providing benefits and subsidies for obtaining health care services, transportation, recreation, catering and more. However, such a tool will not give the expected results without comprehensive treatment of the country's economy. It is necessary to reform the remuneration system, in particular to work out an organizational and economic mechanism for legalizing the shadow wage, collecting relevant social contributions and taxes from it; to improve the methodology for establishing a living minimum and bring it into line with the real needs of the consumer; systematically carry out proper indexation of income, especially in private business; increase targeted investment in capital expansion of the real sector of the economy, which will simultaneously increase jobs quantity, GDP and household incomes; to revise the regulation of prices for of essential commodities and many other measures.
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Wei, Xing, and Xian Mei. "Poly Real Estate Value Evaluation Research." Applied Mechanics and Materials 687-691 (November 2014): 5075–79. http://dx.doi.org/10.4028/www.scientific.net/amm.687-691.5075.
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This paper made valuation research on poly real estate by combining the actual situation of poly real estate and special factors affecting real estate industry assessment, using relative valuation method p/e ratio method and price-to-book ratio method, and discount cash flow method in absolute valuation method respectively. Three methods valuation results have little difference from the actual price, and are in line with the actual situation. By contrast, two methods valuation results are slightly lower than the actual price, which means that poly still has a certain rise space. From overall analysis, discount cash flow method is more rational comparing with valuation method.
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Wolski, Rafal. "Listing of Developer Companies as a Predictor of the Situation on the Residential Real Estate Market." Real Estate Management and Valuation 26, no. 4 (December 1, 2018): 12–21. http://dx.doi.org/10.2478/remav-2018-0032.
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Abstract The stock exchange is considered one of the most important financial institutions in the market economy. The stock market reacts to the state of the economy almost immediately, and, in the end, the quotations of companies affect the state of other markets. The author decided to look at companies from the WIG Real Estate index as important entities shaping the real estate market. When comparing the situation on the capital market with the situation on the residential real estate market, one could, building an appropriate model, conclude how much these markets interact. Purpose - The purpose of the article is to present the links between two important markets, the capital market, with real estate companies as its representatives, and the secondary housing market. In order to achieve the goal, a research hypothesis was formulated: the economic situation on the real estate companies market will be reflected in the situation on the secondary housing market. Design/methodology/approach - Cross-sectional regression analysis was used in the study. Using the data from the Warsaw Stock Exchange and the National Bank of Poland, regression models where price changes in the secondary housing market are explained by the quotations of real estate companies and selected stock exchange indices were built. The study was carried out from the first quarter of 2011 to the third quarter of 2017. Findings - Two models were built in which the rates of return on investments in real estate companies explain the price changes in the secondary housing market in a statistically significant way. Thus, the research hypothesis was positively verified, showing that the real estate market and the stock market of real estate companies are interrelated. Originality/Value - The alternative method of analyzing the real estate market can be considered as the original value of the presented results. A demonstration of the connections between both markets allows us to validate the methods used on the stock market to analyze the real estate market. An example application is the use of methods for estimating the cost of capital from the stock market in the real estate market.
Dissertations / Theses on the topic "Actual situation on the real estate market"
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Páč, Lubor. "Analýza možností zkvalitnění služeb v oblasti zprostředkování obchodu s nemovitostmi v podmínkách České republiky." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2013. http://www.nusl.cz/ntk/nusl-232752.
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The aim of this diploma thesis is to analyse development in arranging of the real estate transactions in the Czech Republic after 1989 and describe contemporary condition. Contemporary condition was analysed as unsatisfactory. There does not exist any law that would regulate real estate market, neither is there a duty to proof a professional training or ability for the business. Real estate agencies do not have a good reputation in the Czech Republic and with many citizens they are unfavourable. As a reaction upon contemporary unsatisfactory situation, the Economic Bureau of the Czech Chamber of Deputies elected an operative group that is supposed to maintain a survey of the contemporary situation in the real estate market and suggest possible solutions. This work aims also to analyse the suggested solutions and to supply solutions that would be missing.
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Pettersson, Kajsa, and Roine Stenius. "Värdeförändringar på bostadshyresfastigheter vid reformerad hyresreglering Dagens situation och Alternativa modeller." Thesis, KTH, Fastigheter och byggande, 2015. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-168506.
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Den nuvarande bostadshyresmarknaden i Stockholm är allt annat än välfungerande. Det låga utbudet av hyresrätter har bland annat resulterat i långa bostadsköer, en omfattande svart hyresmarknad och inlåsningseffekter. I skenet av denna illa fungerande hyresmarknad reser sig frågan om det inte är på tiden att reformera alternativt frångå det nuvarande bruksvärdesystemet, till förmån för en ny alternativ hyressättningsmodell. En modell som förhoppningsvis reducerar de negativa effekterna vi idag ser på hyresmarknaden. Rapporten har som utgångspunkt att beskriva dagens hyressystem samt redogöra för potentiella hyresmodeller. Nuvarande hyressystem och de potentiella modellerna är alla relativt väl utredda ur ett hyresmässigt perspektiv. Utredning gällande förslagens inverkan på marknadsvärdet beträffande fastigheterna saknas. Två av de utredda modellerna innebär en infasning mot marknadshyror. Värderingssimuleringar utförs för att fånga de eventuella marknadsmässiga värdeförändringarna dessa modeller har. För att göra välgrundade antaganden till värderingssimuleringarna hämtades nationell och internationell data från IPD och Newsec, samt kunskap från intervjuer. Det inhämtade materialet visade på ett proportionerligt samband om 0,5 – 1,5 procent differens i yielden mellan bostads – och kontorsmarknaderna runt om i Europa där hyresmarknaden i någon mån är avreglerad. Motsvarande förhållande i Stockholm ligger på 2,0 – 3,0 procent. Värderingssimuleringarna visar att en introduktion mot marknadshyror inte resulterar i markanta värdeökningar, detta då avkastningskrav samt drift – och underhållskostnader antas motverka hyresökningen. Störst genomslag på värdet noteras i det befintliga beståndet där amplituden mellan utgående hyra och marknadshyra är som störst.The current rental housing market in Stockholm is anything but functional. The supply of rental housing is low, which has resulted in long queues, an extensive black rental market and lock in effects. The ill-functioning rental market raises the question whether it is time to reform or abandon the current rental system, in favor of a new approach in the rental market where a new alternative rent setting model would be introduced. A model that hopefully reduces the negative effects we see on the rental market today. The report sets out to describe the current rental system and outline potential rental models. Both current and potential models are all relatively well explained from a rental perspective, but none have been investigated from a market value perspective. Two of the investigated models involve a change toward market rents. Valuation simulations are performed to capture the potential market value change these models entail. To make informed assumptions in the simulations, national and international data have been collected from IPD and Newsec, as well as knowledge from interviews. The collected data showed a proportionate relation of 0.5 to 1.5 percent difference in yield between residential and office markets around Europe, where the rental housing market to some extent is deregulated. The corresponding ratio in Stockholm is 2.0 to 3.0 percent. Results from the simulations showed that an introduction to market rents do not result in a significant increase in the market value. Yields and operating - and maintenance costs is assumed to counteract the increased rent, making the value impact less significant. The greatest value impact is recorded in the existing stock where the amplitude between the outgoing rent and market rent is greatest.
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Rolincová, Eva. "Komparace nákladových cen a ceny obvyklé vybraných rodinných domů v městě Hranice a jeho okolí." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2013. http://www.nusl.cz/ntk/nusl-232815.
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Real estate evaluation is a very attractive and up to date area of interest. Real estates can be evaluated for several purposes. Whether we talk about the evaluation by the certified valuer for purposes set by the law such as the real estate sale, tax purposes, and property settlement or appraisal by the assessor based on market approach for the market needs. Within the Czech Republic, we define two main ways how to evaluate a real estate. Those are the evaluation according to the price regulation and market approach evaluation. Each of these ways defines a lot of evaluation methods/ approaches such as cost approach, comparison approach or revenue approach. The question is how much the result of the evaluation correspondents with reality and how much different the prices are set based on those methods. And that is what this diploma thesis deals with. This thesis will compare potential differences between the values estimated by selected methods.
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Sundelin, Martin, and Hanna Palmgren. "Sveriges bostadsmarknad i kris? : En kvalitativ fallstudie över Sveriges rådande situation på bostadsmarknaden och dess påverkan på finansiell stabilitet." Thesis, Södertörns högskola, Institutionen för samhällsvetenskaper, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:sh:diva-26195.
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Syfte: Att skapa förståelse för hur situationen på en marknad kan påverka den finansiella stabiliteten. Med det som grund göra en samlad bedömning om vilka risker som finns på Sveriges bostadsmarknad för att utvärdera hur och om de kan påverka finansiell stabilitet idag. Metod: För att ge oss en ökad förståelse om hur finansiell instabilitet uppstår på en marknad har vi tagit hjälp av Hyman P. Minskys teoretiska modell “The Financial Instability Hypothesis”. Teorin har vi sedan applicerat på utvalda finansiella kriser för att studera vad som karaktäriserat dem i sin utformning. Vår forskning har bedrivits med kvalitativa intervjuer med olika organisationer som arbetar aktivt för att upprätthålla och se över den finansiella stabiliteten i Sverige. Slutsats: Vi har identifierat externa och interna faktorer som kan påverka finansiell stabilitet. Oro inom det europeiska bankväsendet utgör största hotet mot finansiell stabilitet idag. Problem kopplade till Sveriges bostadsmarknad utgör inget direkt hot mot finansiell stabilitet, dock visar marknaden tendenser på ineffektivitet. Lågt bostadsbyggande och allmänt lågt utbud matchar inte efterfrågan, detta driver upp priser men även skulder. Priser och skulder kan till stor del förklaras med logiskt ekonomiskt resonemang.Purpose: To create an understanding of how the situation in a market may affect financial stability. With that as a foundation make an overall assessment of the risks that exist on the Swedish housing market to assess whether and how they can affect financial stability today. Method: In order to obtain increased understanding of how financial instability arises in a market we have used Hyman P. Minskys theoretical model “The Financial Instability Hypothesis”. We have then applied the theory on chosen financial crises in order to study what characterizes them. Our study has been conducted with the help of qualitative interviews with various organizations such as banks and authorities that work to maintain and inspect the financial stability in Sweden. Conclusion: We have identified external and internal factors that could affect financial stability. Concern related to the European banking sector form the greatest threat to financial stability today. Problems related to the Swedish Real Estate Market constitute no direct threat to financial stability, however market trends shows inefficiency. Low housing and low supply in general do not match demand, this drives up prices, but also debts. Prices and debts can largerly be explained by logical economic reasoning.
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Šabata, Petr. "Kolísání ceny stavebního produktu podle situace na trhu." Master's thesis, Vysoké učení technické v Brně. Fakulta stavební, 2012. http://www.nusl.cz/ntk/nusl-225400.
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The nature of that problem is to determine the value of the property in comparison to the value of construction supplies for the same property. The value is determined on the supply of building production and also by using the usual methods for the valuation of real estate.
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Chiu, Chin-Lien, and 邱蓁蓮. "THE EFFECTS OF THE POLICY IMPLEMENTING ACTUAL TRANSACTION PRICES ON THE REAL ESTATE MARKET: A CASE STUDY ON TAOYUAN CITY." Thesis, 2017. http://ndltd.ncl.edu.tw/handle/74729396235763763890.
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碩士元智大學
管理碩士在職專班
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Phenomena such as asymmetric information and insufficient transaction transparency have existed in previous real -estate markets, which could be labeled as the seller's market. To reduce asymmetric information and promote transaction transparency in real estates, the government has implanted the actual real -estate transaction prices since August 1, 2012, a milestone in the real-estate transaction transparency. In recent years, house buyers who cannot afford properties in Taipei and New Taipei have moved toward Taoyuan. As Taoyuan upgrades to a special municipality, its population has reached two million at the end of 2012 and the number of households has reached over 0.7 million. All kinds of development such as the Taoyuan Airport MRT have been in place, and the real-estate market has been unprecedentedly strong. The current study, based on changes in the household prices in metropolitan Taoyuan, aimed to analyze the public database of actual real-estate transaction prices, specifically investigating if the implementation of actual real -estate transaction prices effectively prevented real-estate hype for the realization of housing justice. Furthermore, this study aimed to evaluate the system and promote suggestions for improvement and development.
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Sousa, Fernando José Salsinha de. "O crescimento económico em Portugal na actual crise financeira." Master's thesis, 2015. http://hdl.handle.net/10437/6559.
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Orientação: Luis Jorge CostaA crise chegou aos Estados Unidos da América em 2006. Os motivos que conduziram à crise na secção imobiliária foram: a fraca fiscalização, modificações na regulação financeira, accções desenvolvidas por parte do governo norte-americano para ampliar o número de proprietários de uma habitação, a fraca gestão, corrupção e venda de acções enganosas pelos bancos. As razões macroeconómicas são o excesso de procura de capital para ser investido, o excesso de poupança de países consequentes, de países produtores de petróleo e as baixas taxas de juro dadas pelo governo norte-americano. Em 2008 estes factos estenderam-se a Portugal e à UE. A metodologia usada assenta na aplicação do Eviews6, com o contributo para a área de investigação de um modelo econométrico apresentado com variáveis explicativas do desenvolvimento sustentável, permitindo investigar o seu impato na Quota de Exportação como variável explicada, para o caso português entre 1980 e 2011. As principais conclusões assentam na análise econométrica, provando que a subida da Quota de Exportação tem uma relação positiva com o Consumo Privado Total. O Consumo Privado Total tem um resultado pouco significativo na Quota de Exportação. O consumo estimula a produção de bens e serviços, pelo que o seu excedente é exportado. O nivel de desenvolvimento nacional está correlacionado de forma negativa com os esforços das Receitas da Administração Pública. A autonomia financeira é pouco significativa e não está dependente, apenas das exportações, a sua variação de crescimento mostra-se muito baixa. Portugal tem capacidade para criar a suas próprias receitas, assente na procura e esforço fiscal interno, permitindo uma fraca descentralização. Na minha opinião as estratégias para tirar Portugal da crise são o aumento da inovação, por parte das empresas para aumentarem a competitividade e o emprego, reduzindo-lhes e isentando-as da taxa de IRC. É necessário baixar o IVA em geral, não baixar a taxa salarial para subir o poder de compra e o consumo. É preciso apostar na Governança. Os Estados-Membros da UE, a nível político, têm de ser coordenados como uma única região de poder central.
The subprime crisis arrived at the United States of America in 2006. The reasons which lead to the subprime crisis in the real estate were: weak oversight, changes in financial regulation, actions by the U.S. Government to increase the number of owners of a dwelling, poor management, corruption and sale of misleading actions by banks. The macroeconomic reasons are excess of demand for capital to be invested, the savings from glutting countries, consequent oil producing countries and low interest by the U.S. government. In 2008 these events have spread to Portugal and European Union. The methodology consists of applying Eviews6, with the contribution to the research area of an econometric model presented with explanatory variables of sustainable development, allowing you to investigate their impact on Export Quota as explained variable, for the Portuguese case between 1980 and 2011. The main conclusions, based on econometric analysis proving that the increase in export share has a positive relationship with the Private Consumption Total. Private Consumption Total has some significant results in the Export Quota. The consumption stimulates the production of goods and services, so their surplus is exported. The level of national development is correlated negatively with the efforts of Revenue Public Administration. The financial autonomy is insignificant and does not depend only on exports, its growth variation observed to be very low. Portugal has the ability to create your own recipes, based on demand and domestic fiscal effort, allowing a weak decentralization. In my opinion the strategies for taking Portugal out of the crisis are increasing innovation by companies to increase competitiveness and employment, reducing and exempting them of ITLP. It’s necessary to low VAT in general, not to low wage rate to raise the purchasing power and consumption. It’s need to bet on Governance. Member States of the EU, at political level, must be coordinated as a single region of central power.
Books on the topic "Actual situation on the real estate market"
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Enríquez, Laura J. Harvesting change: Labor and agrarian reform in Nicaragua, 1979-1990. Chapel Hill: University of North Carolina Press, 1991.
Find full textBook chapters on the topic "Actual situation on the real estate market"
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Higano, Yoshiro. "Introduction: Real Estate Tax System and Real Estate Market in Japan." In New Frontiers in Regional Science: Asian Perspectives, 115–22. Singapore: Springer Singapore, 2021. http://dx.doi.org/10.1007/978-981-15-8848-8_8.
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AbstractThis introduction summarizes chapters of Part II. In Chap. 10.1007/978-981-15-8848-8_9, Yamamoto (Jpn J Real Estate Sci 31:88–96, 2018) has compared between the street method, the asset valuation adopted for the imposition of property tax in Japan, and the computer-assisted mass appraisal (CAMA) method generally adopted in North America focusing on education and training of valuators. In Chap. 10.1007/978-981-15-8848-8_10, Yamazaki (Jpn J Real Estate Sci 31:97–101, 2018) argues that one of the major causes for relatively low density use of land in the city in Japan is the land tax system. He focuses on property tax and examines defects of the tax from view of economist. In Chap. 10.1007/978-981-15-8848-8_11, Kobayashi (Jpn J Real Estate Sci 31:129–138, 2018), taking an actual example, has examined difference between precise legal interpretation of ‘exemption from real estate acquisition tax due to purpose of use’ and taxation practices conducted by local administrative bodies. In Chap. 10.1007/978-981-15-8848-8_12, Shirakawa and Okoshi (Jpn J Real Estate Sci 31:88–96, 2017) have shown that the real estate companies were committed to transactions as dual agencies to whatsoever degree, and analyzed attributes of real estate brokerage companies which are able to be dual agencies and how such dual agency affects contract price.In Chap. 10.1007/978-981-15-8848-8_13, Ueno (Jpn J Real Estate Sci 31:97–105, 2017) has analyzed impacts of the macroeconomic conditions on the land price gradient curves which are estimated using real estate data of the Tokyo Metropolitan Area in 1970, 1976, 1985, 1988, 1994, 2008, 2010, and 2016. In Chap. 10.1007/978-981-15-8848-8_14, Komatsu (Jpn J Real Estate Sci 31:110–118, 2017) has analyzed impacts that refurbishment of existing apartment has on possible increase in rent using the multinomial probit model and the Tobit model. In Chap. 10.1007/978-981-15-8848-8_15, Hanazato (Jpn J Real Estate Sci 31:119–128, 2017) has shown that around 90% of condominium reconstruction cases are predictable using the estimated discriminant function in terms of objective real estate data only. In Chap. 10.1007/978-981-15-8848-8_16, Ota et al. (Jpn J Real Estate Sci 31:109–119, 2018) have analyzed determinants of rent for rental house, office, and shop within 10-min walking distance from Shibuya Station in Tokyo. Multiple regression analyses are conducted and have shown that space syntax (SS) measures (Hillier and Hanson, The Social Logic of Space. Cambridge University Press, Cambridge, 1984) significantly affect rent as well as conventional location attributes.
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Zhao, Zhenyu, Jiahui Yao, and Chao Tang. "Chinese Contractors in the International Market: Business Distribution and Competitive Situation." In Proceedings of the 20th International Symposium on Advancement of Construction Management and Real Estate, 1261–77. Singapore: Springer Singapore, 2016. http://dx.doi.org/10.1007/978-981-10-0855-9_111.
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Budner, Waldemar W. "The Polish logistics real estate market as a link in international supply chains during the Covid-19 crisis." In Towards the „new normal” after COVID-19 – a post-transition economy perspective, 171–76. Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu, 2021. http://dx.doi.org/10.18559/978-83-8211-061-6/ii4.
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Purpose: The aim of the study is to determine the emerging trends of changes related to the situation of uncertainty and increased risk in supply chains, and at the same time limiting the negative effects of the epidemic on the logistics industry. Design/methodology/approach: The study focuses on the analysis of changes in the logistics real estate market in Poland. The analysis period covers the years 2004–2020. The data used here comes from reports from real estate advisory companies and Statistics Poland. Findings: The last dozen or so years has been aperiod of dynamic development in the Polish market of logistic space and facilities. The year 2019 turned out to be arecord year in the history of the market in terms of the increase in warehouse space and Poland has become the sixth biggest warehouse market in Europe. The year 2020 and SARS-CoV-2 has brought a lot of uncertainty about the future, and the recession has become afact. Practical implications: More than half a year after the outbreak of the pandemic, several emerging trends of changes related to the situation of uncertainty and increased risk in supply chains, as well as approaches to limit the negative effects of the epidemic on the logistics industry, can be observed. These include: an increase in e-commerce preferences in relation to traditional trade; increase in stock levels; relocation of production sites. Originality and value: The observed phenomena indicate moderate optimism and the resilience of the logistics industry in the medium term. In turn, in the long run, production can be expected to be relocated to closer areas (domestic or European) in order to shorten the supply chain.
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Usharani, Bhimavarapu. "Long-Term Effects of Climate Change on Housing Market analytics in Amaravati, Capital of Andhra Pradesh in India, Using Machine Learning." In Handbook of Research on Climate Change and the Sustainable Financial Sector, 331–52. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-7967-1.ch020.
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Housing markets are known to be affected by adverse environments (i.e., environmental air pollution incidents affect Indian urban residents). Urban atmosphere quality has changed extensively with PM2.5 and O3 becoming the primary atmosphere indicators of concern because of dense cities in recent years. There is a correlation between the air pollution of Amaravati with the housing market model. When estimating the housing market, the chapter makes use of the extended regression model together with several constant results in conformity with higher rule. However, there is an insignificant affinity including the concentration regarding SO2 and the concentration of O3 appears according to positively increase the housing values. This chapter therefore examines the influence of actual real estate investment over atmosphere characteristics through the use of a sample on 26 prefecture-level cities in India from 2010–2019 through countless econometric models.
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Velarde, Jacinto Garrido, Betina Cavaco de São Pedro, and Consuelo Mora. "Analysis of Housing for Rent in Borderlands." In Cross-Border Cooperation (CBC) Strategies for Sustainable Development, 115–31. IGI Global, 2020. http://dx.doi.org/10.4018/978-1-7998-2513-5.ch007.
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The current problems in the construction, sale, purchase, offer, or search of housing, present questions about the future of the real estate market, questions that will have to be possible solutions in the medium and long term. This document proposes obtaining primary information through “Opinion survey aimed at the population on housing and its influence on the land market,” through an applied methodology and variables associated with the survey. This chapter elaborates a methodological proposal to analyze the situation of the houses for rent in the border city of Badajoz to provide a document of support to the professionals and technicians who are dedicated to the territory and urban planning, to solve the problems about the construction, sale, purchase, offer, or search of housing.
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"Watercraft Capital S.A.: Refinancing Project Finance Transactions 1 (*) 1This case study is based on public information only. The bond prospectus for the Watercraft Capital S.A. is available at http://araomai.cat/wp-content/uploads/2014/11/Project-Castor-Prospectus_CL-low-res-4.pdf. Please read the entire disclaimer before going through the contents. (*)Disclaimer:This case was prepared by Professor Stefano Gatti (Bocconi University) and Andrea Florio (Bocconi University) as a basis for class discussion rather than to illustrate some of the typical issues of bond refinancing of a project finance transaction or to judge the effectiveness of credit enhancement mechanisms. This document may contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that could cause actual results to differ materially from those which are anticipated. In addition, this document has been prepared for didactical purposes only: all forward looking data, figures, and projections and all forward-looking statements included must not be considered as representative of any real situation. All valuation considerations included in this document have been developed and reported for the sole purpose of providing students with a better understanding of refinancing schemes using available public information only, and are not, to all extents, related to any confidential document produced to advise any of the companies mentioned in this document. Neither the results of the analysis, nor any other conclusion that one can reach through this document, should be considered indicative of any actual market situation, and therefore the authors decline any responsibility for improper use of the data cited in this document. The authors do not undertake any obligation to update the forward-looking statements contained or incorporated in this document to reflect actual results, changes in assumptions, or changes in other factors affecting said statements. The authors would like to thank Matteo Di Castelnuovo, Caterina Miriello Miguel Vasquez Martinez and Veronica Vecchi for valuable comments on earlier drafts of the case. The responsibility of the contents remains ours." In Project Finance in Theory and Practice, 497–513. Elsevier, 2018. http://dx.doi.org/10.1016/b978-0-12-811401-8.00018-0.
Full textConference papers on the topic "Actual situation on the real estate market"
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"The Current Situation in the Housing Market in Slovakia." In Real Estate Society Conference: ERES Conference 1995. ERES, 1995. http://dx.doi.org/10.15396/eres1995_150.
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Koszel, Maciej. "The COVID-19 Pandemic and the Professional Situation on the Real Estate Market in Poland." In Hradec Economic Days 2021, edited by Jan Maci, Petra Maresova, Krzysztof Firlej, and Ivan Soukal. University of Hradec Kralove, 2021. http://dx.doi.org/10.36689/uhk/hed/2021-01-042.
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Loginova, Anna, and Stanislav Pridvizhkin. "YEKATERINBURG AGGLOMERATION: ANALYSIS OF THE CITY-PLANNING AND REAL ESTATE MARKET SITUATION IN THE SEGMENT OF APARTMENT BUILDINGS IN VERKHNYAYA PYSHMA." In 4th International Scientific Conference: Knowledge based sustainable economic development. Association of Economists and Managers of the Balkans, Belgrade, Serbia et all, 2018. http://dx.doi.org/10.31410/eraz.2018.817.
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Erdogan, Seyit Ali, and Andrej Naumčik. "Evaluation of investing in real estate in EU and non-EU countries based on MCDM." In The 13th international scientific conference “Modern Building Materials, Structures and Techniques”. Vilnius Gediminas Technical University, 2019. http://dx.doi.org/10.3846/mbmst.2019.151.
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Investment in real estate is a zoning issue as the real estate market is closely related to economic development and trends in real estate market are considered to be indicators of trends in the whole economy of the country. The goal of this paper is to analyse the main aspects and considerations when investing in real estate, evaluate investment in real estate situation in different EU and non-EU countries and introduce MCDM methods that could be used for selecting a state for investment in real estate. It is identified that when investing in real estate various political, social, economic, environmental and other factors have to be taken into consideration. Analysed examples of EU (Lithuania, Romania, UK) and non-EU (Turkey, China, Russia) countries show different risks and opportunities for investments in real estate. MCDM methods are applicable to evaluate which countries are most attractive for investment in real estate. Described TOPSIS and ARAS methods could be used for assessing states as alternatives when selecting where to invest
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Silva, Paolo, Stefano Campanari, and Ennio Macchi. "Optimization of Operating Conditions and Compressor Cleaning Time Intervals of Combined Cycles in a Liberalized Market." In ASME Turbo Expo 2003, collocated with the 2003 International Joint Power Generation Conference. ASMEDC, 2003. http://dx.doi.org/10.1115/gt2003-38455.
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The paper addresses the optimization of the managing strategy of a combined cycle power plant in a liberalized market characterized by great time variability of the electricity sale price. Besides electric tariffs, a variety of other factors affect the selection of the plant operating mode, such as environmental conditions, O&M costs, range of plant output regulation capability, performance deterioration of the components and compressor fouling rate. All calculations refer to a real combined cycle power plant owned by an Italian utility, for which are available detailed performance data, in “new and clean” conditions as well as in real operation. The optimum plant operating schedule is found with reference to three different tariff scenarios: (i) the present Italian situation, characterized by the primary role of oil and gas fired steam power stations, (ii) the Italian situation foreseen after the massive repowering program of existing steam power plants is completed, and (iii) a situation where the base-load electricity is generated by coal-fired power stations. The comparison indicates the utmost importance of the reference tariff scenario on the actual energy ad economic budget of the power station.
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MARKS-BIELSKA, Renata, and Agata ZIELIŃSKA,. "FARMLAND ACQUISITION BY FOREIGNERS IN POLAND IN YEARS 2000–2013." In Rural Development 2015. Aleksandras Stulginskis University, 2015. http://dx.doi.org/10.15544/rd.2015.100.
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The present study aimed at identification and evaluation the issue of agricultural land acquisition by foreigners in Poland in the years 2000–2013. The authors have used secondary data from: the Ministry of Interior, the Agricultural Property Agency (APA) and the Institute of Agricultural Economics and Food Economy. The issue of farmland acquisition regulation in UE countries was also mentioned. The area of agriculture land acquired in the analyzed time is 5 0833, 98 hectare. The phenomenon most intensively affects legal persons (with permission of Minister of Interior) who purchase 68.7 % of it. Having considered the analyzed issue from the perspective of the country of origin, Germany and Austria dominate in natural persons (49.04 %) and in the case of legal entities leaders are: Germany and the Netherlands (58.27 %).Significant for interest of polish agricultural land by foreigners was Poland’s accession to the European Community, when in the real estate market a recovery from the foreigners side happened. The future situation in the agricultural land market in Poland is determined by the political decisions and public opinion pressure, especially before 1 May 2016. Present prepositions of changes in the regulation will rather do not limit requirements in land acquisition by foreigners like in Hungary, Slovakia, Lithuania or Bulgaria.
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Ferrante, Annarita, Fabrizio Ungaro, Giovanni Semprini, Lorna Dragonetti, Elettra Agliardi, and Anastasia Fotopoulou. "Deep renovation up to zero energy through Add-ons: the ABRACADABRA Project." In IABSE Congress, New York, New York 2019: The Evolving Metropolis. Zurich, Switzerland: International Association for Bridge and Structural Engineering (IABSE), 2019. http://dx.doi.org/10.2749/newyork.2019.0252.
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<p>and international projects</p><p>various EU H2020 projects</p><p>Though housing is one of the most energy consumer sectors, it is currently extremely underestimated, because of a clear investment gap due to economic, social and legislative barriers. The EU project ABRACADABRA (Assistant Building to Retrofit, Adopt, Cure And Develop the Actual Buildings up to zeRo energy, Activating a market for deep renovation) is based on the idea that the real estate value increase given by the appropriate densification strategy in urban environments could be an opportunity to activate a market for deep energy renovation. To prove the effectiveness of the strategy more than 70 case studies throughout the EU cities have been assessed by means of a cost-effective analysis. Basing on the parametric variation of the different values involved (cost of construction, energy, etc.) the benefit of this strategy has been proved in the majority of the different building types and contexts.</p><p>More interestingly, the ABRA strategy has been simulated and tested outside Europe in order to verify its scalability and the possibility of considering other non-energy related benefits in the renovation of the existing building stock. A specific study on the NYC urban context has been conducted to effectively adapt the strategy and combine the global drivers of energy consumption reduction and CO<span>2</span> emission reduction with the local need of combating flood emergency and related flood-proofing measures.</p><p>The results reached by this work demonstrate how the energy retrofit trough add-ons reduces significantly the payback times of the investments, preserve soil consumption, while providing a extraordinary opportunity to enhance urban resiliency by challenging the local emergencies.</p>
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Parsova, Velta, Anda Jankava, Siim Maasikamae, and Audrius Aleknavicius. "Assessment of results of reorganization of land relations in Baltic States." In 21st International Scientific Conference "Economic Science for Rural Development 2020". Latvia University of Life Sciences and Technologies. Faculty of Economics and Social Development, 2020. http://dx.doi.org/10.22616/esrd.2020.53.025.
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After the collapse of Soviet system, immediately after declaration of independence, Estonia, Latvia and Lithuania decided to initiate land reform within the framework of agrarian reform. The defined general objectives of land reform were: to establish a fairer system of property and use rights, to create conditions for intensity and productivity increasing of land use, to strengthen the rights of lessors and tenants, to grant land to those who wish to cultivate or otherwise use the land. However, the legislation and administrative systems of separate Baltic States were different, so the objectives and tasks of land reform, as well as the measures and methods for implementing the land reform, were different. The aim of the article is to compare and evaluate the land ownership reform processes in Estonia, Latvia and Lithuania, to analyse their legal security, the objectives, tasks, process and procedures of the reform, as well as the results obtained. In order to find out the situation and to make comparative judgments and conclusions, in research mainly document analysis and monographic or descriptive method haves been used. The positive role of land reform in all Baltic States is the restoration of land ownership, which has led to more targeted and intensive use of land in agriculture and other sectors. Land reform has created the preconditions for initiative and action of landowners in market economy. An additional effect is the development and implementation of state-of-the-art real estate registration systems in administration of each state. The article also analyses the shortcomings and problems encountered during the reform.