Dissertations / Theses on the topic 'Real estate activity'

Thesis: S.M. in Real Estate Development, Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate, 2019
Cataloged from PDF version of thesis.
Includes bibliographical references (pages 28-29).
Real estate developers and investors have a vested interest in discovering new techniques for estimating the direction and magnitude of changes in residential rent within a neighborhood. This study hypothesizes, and finds evidence, that taxi activity is a proxy for changing income and neighborhood quality as well as an indicator of gentrification. Novel research is performed to determine if taxi activity is a significant predictor of rents in New York City at the neighborhood level. Nine OLS regression models are created using data about 1,466,234,991 taxi pickups and drop-offs, median rent, and median income across 188 neighborhoods in New York City in the years of 2010-2015. In all nine models, taxi activity is found to be a statistically significant predictor of rent at 99% confidence. This study finds that a I standard deviation positive shock in taxi drop-offs will result in a 0.009% 0.155% higher rent the next year on average.
by Philip Caporaso.
S.M. in Real Estate Development
S.M.inRealEstateDevelopment Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate

rea of real estate practice is extremely extensive and real-estate market as a whole conceals and connects many scientific disciplines that reflect and contribute to its functioning. Differentiating market and curiosity, whether existing legislation reflects the current need for real estate market in the Czech Republic, played an important role in choosing the theme of my final thesis. I performed an analysis of adjustments related to business in real estate activities. With a view to these facts has been made establishment, that the current legislation appears to be "totally inadequate". It does not define any criteria that would select those in participating in the property market in Czech Republic. The only solution to this absurd situation of trade law is an amendment or other legislation to ensure the entry of new players on the real estate market, provided proof of professional competence and moral integrity, or the introduction of compulsory licenses in real estate activity, which should lead to an overall improvement in the real estate market - not only commercially and ehically.

Economics
Ph.D.
This dissertation examines the role of asset prices to act as a transmission and amplification mechanism. Specifically, it looks at how changes in asset prices can help transmit and amplify technology shocks through the credit channel by changing the supply of loanable funds, or changing the supply of deposits, or both. Using a modified version of the Kiyotaki-Moore credit cycles model with concave utility and decreasing returns to scale production function, the dissertation illustrates that asset prices can as a credible amplification and transmission mechanism. Using concave utility and decreasing returns to scale production function allows the incorporation risk aversion into the credit cycles model. The model can help explain the gap between observed magnitude of shocks, and the corresponding changes in economic activity. The behavior of a heterogeneous agent economy in response to a technology shock is simulated using computer programs. The simulations show that a one percent technology shock translates into a more than four percent change in capital held by the constrained agents by moving capital from one agent type to the other. This moves the economy away from a first-best equilibrium. If the technology shock is positive there is an increased demand of capital from the more productive agents, and thus a more than proportionate increase in output. If the technology shock is negative, the opposite path is followed, and economic activity falls more than proportionately. There are credit constraints built into the model. Agents' access to credit is determined by the value of collateral on oer, which in turn depends on asset prices. Technology shocks change demand for assets, their prices, their value as collateral, and hence agents' access to credit. Further, since prices are forward looking, a shock in one period propagates through time. These simulations show that the effects of the shock can be felt up to 13 periods after it has hit. An event analysis with housing price data from 18 countries spanning a period of more than four decades is also performed. It shows that there is strong co-movement of housing prices and economic activity. In particular, larger changes in housing prices have been accompanied by qualitatively similar changes in economic activity. The period leading up to the peak of a real estate cycle is accompanied by a more than proportionate increase in private sector lending, and once the peak has been crested, there is a more than proportionate fall in nominal private sector lending. This evidence is in sync with the earlier observation that changes in asset prices influence agents' access to credit and contribute to the persistence of the effects of the shock far into the future. Further, the preferred measure of economic health, the rate of inflation, sees no measurable change in periods leading up to a real estate peak, and beyond. This throws up the need for some other measure of economic health that is better able to capture the events in asset markets. Policy makers have been paying more attention to this channel in the aftermath of the sub-prime mortgage crisis in the United States. There have been multiples changes in regulatory policy across the world, and specific steps are being taken to dampen exuberance in the real estate market. Only time can tell if these measures turn out to be effective, but at least a step has been taken towards realizing that housing market can lead to a wider economic and banking crisis.
Temple University--Theses

The main motive of this work is that real estate agents and professionals engaged in real estate activities are negatively perceived by society. We assume that the professional misconduct of estate agencies, often mentioned in the media, is due to a lack of professional expertise. Therefore, we deal with the issue of education level of skilled workers at the real estate market in the Czech Republic. In a sample of 72 respondents, we try to find the level of professional expertise. This thesis notes and compares legislative standards and criteria for the performance of real estate activity in the CR and abroad. Further maps initiatives to improve the expertise and efforts to change legislation that would generally lead to a controlled expertise increase of the real estate segment at the market. It touches, examines and attempts to define the basic columns of expertise required for qualified performance of real estate activities

Thesis (M.S.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 1986.
MICROFICHE COPY AVAILABLE IN ARCHIVES AND ROTCH.
Includes bibliographical references.
by John Charles Wolter.
M.S.

The thesis maps the decision-making practice of courts in real estate cases and related areas. Judicial decisions are organized in logical parts and there was an effort to provide an overall and comprehensive overview of the opinions held by courts on the individual legal questions arising in real estate cases and thus define the most frequent causes of the disputes and their subject-matters. Explicated in the light of the decisions rendered by the Supreme Court of the Czech Republic and the Supreme Administrative Court of the Czech Republic, or even the findings of the Constitutional Court of the Czech Republic, are judiciary’s attitudes to the basic principles of real estate agency and real estate activity in general, as well as to relating legal questions, with special regard to the contracts usually entered into in real estate practice, primarily agency contracts and mediated contracts. So far, case-law of this kind has not been comprehensively studied, despite the fact that there still are uncertainties regarding both the real estate legislation and the approach to resolution of real estate cases, as well as ensuing typical contractual obligational relations between parties on the real estate market. This is also the reason why this particular topic was chosen for the thesis. Based on the coverage and a thorough analysis of the judicial decisions at issue a conclusion is made that decision-making practice has already stabilized in some real estate areas and these decisions are used as basis in future cases. Nevertheless, there still are some legal questions which have not yet been tackled by courts or conflicting judicial decisions, which may even be rendered in the most essential and fundamental issues of real estate activity. This is partly due to the fact that the real estate market is still a relatively young business field and partly due to missing or inadequate legislation which is to provide for real estate activity, including real estate agency.

Le choix de l’immeuble au sein duquel s’exercera l’activité économique conditionne son attractivité, laquelle est déterminante pour la réussite du projet entrepreneurial du commerçant. Au-delà des critères inhérents à l’emplacement et aux caractéristiques physiques du local, le commerçant doit être suffisamment avisé quant au statut applicable à l’entier immeuble. Ce dernier, dès lors qu’il se trouve régi par le statut de la copropriété, va directement impacter les prérogatives de l’exploitant. En ce sens, l’exercice d’une activité commerciale en copropriété immobilière souffre, d’une part, de restrictions issues des documents contractuels inhérents à l’immeuble. Ces obstacles à l’exercice d’une activité commerciale au sein de l’immeuble collectif, bien qu’apparents, n’en sont pas moins complexes. L’exploitation commerciale rencontre, d’autre part, des obstacles issus d’exigences légales, règlementaires, mais également prétoriennes, dont la prévisibilité se révèle difficile, voire impossible, en raison de leur diversité. Partant, malgré la valeur constitutionnelle octroyée à la liberté du commerce et de l’industrie, ce principe n’en est pas moins restreint dès lors que le siège de l’activité se situe au sein d’un immeuble soumis au statut de la copropriété. Les difficultés rencontrées par l’exploitant démontrent la nécessité d’engager une démarche globale, de mener une réflexion juridique désectorisée pour aboutir à un équilibre entre plusieurs domaines impératifs du droit. La maîtrise des différentes branches du droit applicable à l’immeuble s’avère dès lors fondamentale dans le cadre d’un processus d’unité et d’harmonisation
The choice of the building in which the economic activity will take place shapes its attractiveness, which is essential for the merchant’s entrepreneurial project success. Beyond the inherent criteria associated to the location and to the premises’ physical features, the merchant must be enough provided with information on the status which is applicable to the entire building. From the moment it is governed by the co-ownership status, the latter will directly affect the merchant’s right. That is to say, on the one hand, the practice of a commercial activity within a building co-ownership suffers from restrictions coming from the contractual documents which are linked to the building. These barriers which stop the merchant to properly practice his activity within the collective building, although obvious, are quite sensitive. Moreover, commercial exploitation meets obstacles arising from legal, regulatory, but also praetorian requirements, some happenings which are quite impossible to anticipate because of their diversity. Thus, despite the constitutional value granted to the freedom of trade and industry, this principle is restricted since the head office of the activity is located in a building which is subject to the co-ownership status. The difficulties that the merchant meets demonstrate the need to take a global approach and to lead a legal reflection so that a balance between several priorities areas of law can be reached. The mastery of the different branches of the law which are applicable to the building is therefore a fundamental need in the context of unity process and harmonization

The real estate industry is facing a major change. The activity based working is promoted heavily by real estate companies, brokers and consultants as the future workplace. Knowledge and information is however limited. Many concepts have a tendency to get mixed up when companies on the market choose to formulate their own concepts. The research is neglected, and more focused on health and design. This thesis focuses on describing how the market may evolve the knowledge and how to implement the activity based working in the workplaces. Purpose The thesis aims to conduct a study to clarify the question of what activity based working means. The focus will be to examining the current work that is proceeding on the market but also explore if it would be possible to facilitate the implementation of the activity based working by using explorative factor analysis. Primary questions • How to define activity based working? • Which theories support the discussion and definition of activity based working? • Which concepts are available on the market today and how are these promoted? • Can the implementation of the activity based working be facilitated by using an activity based scale that measures needs and reactions in different workplace environments? Method The thesis consists of both a qualitative and a quantitative study. The qualitative study is based on interviews and a survey of how the market perceive the activity based working and with which keywords associated with the concept. In total, seven interviews were conducted. The quantitative survey consised of approximately 1000 surveys. Conclusions • Importance of a common definition and market approach for activity based working • Manage the self interest in the market to ensure a good development of activity based working • Activity based working is not just about design and floorlayouts. • Knowledge sharing should be prioritized • Organization, Technology and Premises are all very influencing aspects • The implementation requires a lot of time and effort • Through exploratory factor analysis, is it possible to define the driving forxes within the organization. • The workplace is no longer a specific place. It is an activity that can be performed in multiple places. Future research Future research should focus to continuing efforts on create an overall overview of the activity based working, but also develop clear and efficient processes for the implementation of the activity based working. Other interesting aspects are the international dimension of the work. The development with activity based working will in the future not only be applied on offices. To therefore explore how various industries work with the concepts and if there are any specific needs to develop in the future. Definition In the analysis chapter the author presents a comprehensive definition of activity based working which is developed with the support by the qualitative and quantitative research: “Based on the activities that occur in the workplace, teadership, facilities, and technology are customized to effectively and in a structured way maximize the benefits and value of the work that the individuals performs”
Fastighetsbranschen står inför en förändring. Det aktivitetsbaserade arbetssättet marknadsförs starkt av fastighetsbolag, mäklare och konsulter som det framtida arbetssättet. Kunskapen och informationen är dock bristfällig. Många begrepp har en tendens att blandas ihop då aktörer väljer att formulera sina egna begrepp. Forskningen är eftersatt och mer fokuserad på hälsa och design. Detta examensarbete fokuserar därför på att redogöra för hur arbetssättet kan utvecklas och hur arbetet i framtiden skall på ett effektivt sätt implementera det aktivitetsbaserade arbetssättet inom svenska företag och organisationer. Syfte Syftet med examensarbetet är att bringa klarhet i frågan om vad ett aktivitetsbaserat arbetssätt är. Fokus kommer även ligga i att undersöka det pågående arbetet på marknaden och olika aktörers syn på arbetssättet. I arbetet undersöks även om det skulle vara möjligt att underlätta implementeringen av ett aktivitetsbaserat arbetsätt med hjälp av en aktivitetsbaserad skala som mäter reaktioner på olika arbetsmiljöer. Frågeställningar • Hur definieras aktivitetsbaserat arbetsätt? • Vilka teorier stödjer diskussionen och definitionen av aktivitetsbaserat arbetssätt? • Vilka koncept finns idag på marknaden inom aktivitetsbaserat arbetsätt och hur preciseras och presenteras dessa? • Kan implementeringen av ett aktivitetsbaserat arbetsätt underlättas med hjälp av en aktivitetsbaserad skala som mäter behov och reaktioner på arbetsplatsmiljöer? Metod Undersökningen består dels av en kvalitativ samt en kvantitativ del. Den kvalitativa delen baseras på intervjuer och en marknadsundersökning över hur aktörer på marknaden uppfattar det aktivitetsbaserade begreppet och vilka nyckelord som används frekvent. Sammanlagt har sju även intervjuer genomförts med framstående personer inom ämnesområdet. Den kvantitativa undersökningen består av ett 100-tal enkäter som undersökt kunskapen om det aktivitetsbaserade begreppet inom marknaden och även här vilka nyckelord som används frekvent. Slutsatser • Samtliga aktörer bör enas om gemensam definition, information och kommunikation av det aktivitetsbaserade arbetssättet • Hantera marknadens starka egenintresse av arbetssättets utvekcling för att säkerställa en en seriös och förtreoendegivande bild av det aktivitetsbaserade arbetssätt • Aktivitetsbaserat arbetssätt har många fler dimensioner än design och planlösningar • Kunskapsspridning inom ämnesområdet bör prioriteras och säkerställas • Organisation, Ledarskap, Medarbetare, Teknik och Lokal är samtliga aspekter som bör beaktas vid implementeringen av det aktivitetsbaserade arbetssättet • Aktivitetsbaserat arbetssätt är en förändringsprocess som kräver kraft, engagemang och tid • Genom explorativ faktoranalys kan tydliga drivande aspekter urskiljas inom organisationer (AktivitetsBaserad Skala) • Arbetsplatsen är inte längre en specifik plats utan en aktivitet som kan utföras på mängder av platser. Framtida forskning Den framtida forskningen bör fokuseras på att dels fortsätta arbetet med att skapa en helhetsbild av arbetssättet men även möjliggöra tydliga och effektiva processer för implementering av det aktivitetsbaserade arbetssättet. Det internationella perspektivet är idag mindre utforskat. Ytterliggare ett område som är av intresse är hur olika branscher ser på utveckling av arbetssättet och vilka specifika behov dessa branscher möjligen har. Definition I det avslutande kapitlet redogörs en samlad definition av aktivitetsbaserat arbetsssätt som är framtagen med stöd av den kvalitativa och kvantitativa forskningen: “ Utifrån de aktiviteter som sker på arbetsplatsen anpassas ledarskap, lokaler och teknik för att på ett effektivt och strukturerat sätt maximera nyttan och värdet i det arbete som individerna utför”

Diploma thesis deals with methods of valuation of properties in the Slovak Republic focusing on the family house. In thesis is also described a detailed questionnaire, which is dedicated to the real estate slovak market research . Diploma thesis describes analysis of the the most common valuation methods used in Slovakia. In thesis is indicated valuation of family house situated in Žilina region using 3 methods.

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.

This graduation thesis focuses in development of business activities of company ARTOSS realitní kancelář, s.r.o. Thesis is developed in four main parts. The first part describes the given problematics and defines main and minor objectives. The second part is focused in theoretical resources, especially methods and procedures, main concepts and business activity tools. After theoretical base there is the third part of thesis, which analyzes current state of society and it's environment. The last part represents own suggestions of the company's business activity development.

This master ‘s thesis deals with problems of the development and development process. Part of the thesis is a description of the development market in the Czech Republic and significant changes in the construction area in 2017 and 2018. The thesis is focused on the development project in the centre of Brno and the proposal for its next extension. Description of the feasibility study goes smoothly into the proposal to extend the development project. Part of this thesis is a proposal for establishing and functioning of real estate and facility management in the project.

The subject of the dissertation is the analysis of conditions for the work of real estate appraisers in the Federal Republic of Germany in comparison with the conditions in the Czech Republic with the aim of finding suitable practices that could be used for the work of experts in the Czech Republic. The thesis also includes proposals for suitable measures that can contribute to the development of expert activities in the Czech Republic, focusing on solving problems related to the determination of the exchange value of immovable property. This analysis includes the analysis of real estate types that are subject to assessment in the given area, approaches to solving valuation problems, methods that are used in valuing immovable assets, entities that are authorized to submit expert opinions, as well as content requirements of expert opinions.

This master's thesis deals with a type of community living called cohousing. Describes typical attributes, residential differences and possibilities of ownership legal forms. In more detail deals with a formation of cohousing as a development project. Practical part of this thesis device the real cohousing and evaluates conditions of the sale according to the real estate market situation.

Global warming is becoming an increasingly pressured problem for the climate and worldeconomy. The trend and importance of sustainability is growing and is a heavily researchedarea. Real estate accounts for approximately 40% of global energy consumption and 33% ofcarbon emissions. Naturally, the potential and significance of sustainability is an increasinglyimportant topic within the sector.On the foundation of global climate change, this thesis aims to uncover the financial benefitsof active sustainability work for listed real estate companies on the Stockholm StockExchange. Previous research within the field has focused heavily on tangible sustainabilitywork and the effects on the property level rather than the company level by primarily usingquantitative research methods. This paper combines a quantitative and qualitative researchmethod to dig deeper into the market's view of financial effects given to real estate companiesworking actively with sustainability.The study commenced with a panel data regression model analysis where a dummy for activesustainability work in the form of membership in the organisation GRESB was used todetermine the financial effects of active sustainability work on the daily total return index.GRESB guides members in their work with sustainability where membership indicates a willto improve. Results landed in a random effects model which showed that GRESB is positiveand significant for daily total return index, explaining 3% of development. Results from thequantitative study were used in the qualitative research method when designing an interviewguide for semi-structured interviews.It can be concluded that active sustainability work has positive effects on the total return oflisted real estate companies in Sweden. Sustainability work differs in its effectiveness andsuitability depending on the real estate companies size and core business area. GRESB islikely to be an umbrella for other sustainability-related factors and future research shouldexpand the number of sustainability variables used for analysis. There is no universal workmodel for sustainability and every organisation needs to design their sustainability strategywith regards to their business. Organisations seeking sustainability rewards should aim to domore than the minimum needed; real estate companies at the top of sustainability brackets arethe ones receiving the highest portion of the rewards.
Den globala uppvärmningen är ett alltmer pressande problem för klimatet ochvärldsekonomin. Trenden och vikten av hållbarhet växer och är ett stort forskningsområde.Fastigheter står för cirka 40% av den globala energiförbrukningen och 33% avkoldioxidutsläppen. Potentiallen och betydelsen av hållbarhet är ett fortsatt viktigt ämne inombranschen.På grunden av globala klimatförändringar syftar denna uppsats till att utvärdera deekonomiska belöningarna av aktivt hållbarhetsarbete för börsnoterade fastighetsbolag påstockholmsbörsen. Tidigare forskning inom området har fokuserat på reellt hållbarhetsarbeteoch dess effekter på fastighetsnivå snarare än företagsnivå genom att främst utnyttjakvantitativa forskningsmetoder. I denna studie kombineras en kvantitativ och kvalitativforskningsmetod för att gå djupare in i marknadens syn på de finansiella belöningar som gestill fastighetsbolag som arbetar aktivt med hållbarhet.Studien inleddes med en panel data regressionsanalys där en dummy för aktiv hållbarhet iform av medlemskap i organisationen GRESB användes för att bestämma de ekonomiskaeffekterna av aktivt hållbarhetsarbete på dagligt avkastningsindex. GRESB guidarmedlemmar i sitt arbete med hållbarhet där medlemskap i organisationen indikerar en vilja attförbättras. Resultaten landade i en random effects model som visade att GRESB är positivtoch signifikant för dagligt avkastningsindex med en förklaringsgrad om 3% av utvecklingen.Resultatet från den kvantitativa forskningsmetoden användes i den kvalitativaforskningsmetoden för att utforma intervjuguiden som användes vid semistruktureradeintervjuer.Slutsatsen kan dras att aktivt hållbarhetsarbete har positiva effekter på dagligtavkastningsindex för börsnoterade fastighetsbolag i Sverige. Hållbarhetsarbete skiljer sig åt isin effektivitet och lämplighet beroende på fastighetsbolags storlek och affärsområden.GRESB är sannolikt ett paraply för andra hållbarhetsrelaterade faktorer och framtidaforskning bör utöka antalet hållbarhetsvariabler som används vid analys. Det finns ingenuniversell arbetsmodell för hållbarhet, varje organisation bör utforma sina hållbarhetstrategimed hänsyn till sin verksamhet. Organisationer som söker hållbarhetspremier bör syfta till attgöra mer än minimumkraven, fastighetsbolag på toppen av hållbarhetssfären är de som fården största delen av premierna.

Mestrado (Relatório de Estágio), Ciências Económicas e Empresariais (Gestão de Recursos Humanos), 12 de janeiro de 2022, Universidade dos Açores.
O presente relatório é o resultado do estágio realizado na empresa Liderfirme – Serviços de Assessoria e Mediação Imobiliária Unipessoal Lda, mais concretamente, na MIA Imobiliária, no âmbito do mestrado em Ciências Económicas e Empresariais, com especialização em Gestão de Recursos Humanos da Universidade dos Açores. O estágio em questão teve início no dia 1 de outubro de 2019 no departamento comercial da MIA Imobiliária, sediada em Ponta Delgada, mais concretamente no Paim (São José). Primeiramente, é elaborado um capítulo referente ao enquadramento relativamente à mediação imobiliária em Portugal, designadamente a sua regulamentação, a sua definição e as suas modalidades, a evolução e as crises que a afetaram e, por último, os comportamentos dos consumidores numa época digital. Este trabalho contempla, do mesmo modo, a caracterização da instituição, tendo em conta a sua apresentação e contextualização histórica, a estrutura organizacional, as atividades desenvolvidas pela mesma e a concorrência nos Açores, bem como a sua presença nas redes sociais. Neste relatório apresentam-se as atividades desenvolvidas durante o estágio, tendo em conta os conceitos teóricos e práticos aprendidos ao longo de todo o meu percurso académico, na licenciatura e no mestrado, tendo sido utilizados alguns dos mesmos de forma prática durante o estágio e, do mesmo modo, como suporte de análise da empresa. Por fim, é feita uma análise crítica à instituição de acolhimento e às atividades desenvolvidas e, também, uma exposição dos conceitos estudados durante o percurso académico e às atividades executadas no estágio.
ABSTRACT: This report is the result of the internship conducted in Liderfirme - Serviços de Assessoria e Mediação Imobiliária Unip, Lda, more specifically, in MIA Imobiliária, as part of the master's degree in Economics and Business Sciences, with specialization in Human Resources Management at the University of the Azores. The internship began on October 1, 2019 in the commercial department of MIA Imobiliária, based in Ponta Delgada, more specifically in Paim (São José). Firstly, a chapter is elaborated regarding the framework in relation to real estate mediation in Portugal, namely its regulation, its definition and its modalities, the evolution and the crises that have affected it and, finally, consumer behaviors in a digital age. This work also includes the characterization of the institution, taking into account its presentation and historical context, the organizational structure, the activities developed by it and the competition in the Azores, as well as its presence in social networks. This report presents the activities developed during the internship, taking into account the theoretical and practical concepts learned throughout my academic career, at the bachelor's and master's degrees, having used some of them in a practical way during the internship and, likewise, as a support for analysis of the company. Finally, a critical analysis of the host institution and the activities developed is done, as well as an exposition of the concepts learned during the academic trajectory and the activities performed during the internship.

A relação entre o desenvolvimento do sector imobiliário e a atividade bancária surge patente em vários fenómenos a nível internacional, nomeadamente em episódios de crise, cujos efeitos, na grande maioria dos casos, abrangem não só a solvabilidade das instituições financeiras, mas também a estabilidade económica a nível global. Sob este contexto, as instituições bancárias enfrentam atualmente uma nova problemática no decurso da sua atividade, designadamente os processos de gestão e desinvestimento imobiliário. Estes integraram a sua esfera de jurisdição fundamentalmente devido ao aumento severo verificado nas taxas de sinistralidade de várias tipologias de crédito, que apresenta como principal consequência o elevado número de imóveis presentes nas demonstrações financeiras destas instituições. Deste modo, o objetivo primordial do presente trabalho incide na estimação das variáveis com maior nível de significância na explicação do impacto deste facto nos resultados e no custo de financiamento de uma instituição em particular, o Banco Popular Portugal.
The relationship between the evolution of real estate sector and banking activity emerge through several international events, particularly in crisis episodes, whose results have an effect, not only on financial institutions’ solvability, but also on global economic stability. Therefore, banks face nowadays a new issue, namely the real estate management and its divestment processes. This subject had emerged due to a high growth on credit default rates, increasing the number of properties that had returned to banks’ financial statements. Thus, among others, the main purpose of this dissertation is to estimate which real estate variables present a higher significance level both on results and funding cost of a particular financial institution, the Banco Popular Portugal.

O estudo aqui desenvolvido abordará a problemática da centralidade económica como fator de localização geográfica da atividade económica. Utilizamos o referencial teórico Nova Geografia Económica para perceber quais os mecanismos que a justificam e fazem emergir. Esta é uma abordagem a nível internacional, que tem como objetivo concluir sobre o posicionamento de cada país ao nível deste fator. A aplicação empírica passa pela construção de um Índice de Centralidade Económica Global para 171 países, que nos permitirá verificar o nível de centralidade de cada país no conjunto das economias pertencentes à amostra. O índice construído será desagregado em componentes, nomeadamente, componente geográfica interna, componente económica interna, componente geográfica externa e componente económica externa. Esta desagregação possibilitará a compreensão mais detalhada do nível de centralidade dos países, demonstrando que fatores originam o grau de centralidade de cada país, designadamente, se é a dimensão do país, a sua atividade económica interna ou a proximidade aos restantes países, ou uma combinação destes fatores.
The study developed in this dissertation will discuss the problematic of the economic centrality as a geographical location factor of economic activity. We use the theoretical referential “New Economic Geography” to understand the mechanisms that trigger and justify it. This approach is set at an international level, which aims to conclude about the positioning of each country in terms of this factor. The empirical application involves the construction of a Global Economic Centrality Index for 171 countries which will allow us to verify the centrality level of each country in the range of economies of the chosen selection. Said Index will be broken down into different components, more precisely the Internal Geographic Component, the Internal Economic Component, the External Geographic Component and the External Economic Component. This disintegration will allow the more detailed comprehension of these countries centrality level demonstrating which factors originate each countries’ degree of centrality, in other words, whether it is it’s dimension, it’s internal economic activity or it’s proximity to other countries or even a combination of all of these factors.