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Journal articles on the topic 'Real estate development'
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1
Kim, Jin. "Development of Real Estate Brokerage Services Using Chatbot." Korea Real Estate Society 69 (September 30, 2023): 97–110. http://dx.doi.org/10.37407/kres.2023.41.3.97.
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Chatbot is a program that, uses artificial intelligence technology to communicate with users through natural language processing. The chatbot provides, an interactive interface and may provide an appropriate response to a user's question or request. This can facilitate communication between users and businesses, and reduce, manpower and costs.
First, the convenience of real estate brokerage services can be improved by utilizing artificial intelligence technology of chatbots. Second, a more professional real estate brokerage service can be provided by combining chatbots and real estate experts. Third, by using, artificial intelligence technology of chatbots, customers' preferences can be identified and customized services tailored to them can be provided.
Recently, real estate brokerage services, using chatbot have, been rapidly developing. Among the various development measures, improving real estate brokerage services using artificial intelligence technology of chatbot is one of the most likely measures. Therefore, the real estate brokerage industry needs to actively introduce chatbot technology to provide more, advanced services.
For this reason, the purpose of this paper is to promote the, safety of real estate brokerage services using chatbot and the community of users so that real estate brokerage services can be further developed.
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Harris, Joshua A. "Real Estate Development Matrix." Journal of Real Estate Literature 26, no. 2 (October 1, 2018): 363–67. http://dx.doi.org/10.1080/10835547.2018.12090490.
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Lucius, Dominik I. "Real options in real estate development." Journal of Property Investment & Finance 19, no. 1 (February 2001): 73–78. http://dx.doi.org/10.1108/14635780110365370.
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Hui, Eddie Chi‐Man, and Hankel Hon‐Kwok Fung. "Real estate development as real options." Construction Management and Economics 27, no. 3 (March 2009): 221–27. http://dx.doi.org/10.1080/01446190902759017.
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Lin, Cayden. "China’s Future Real Estate Development Tendency." Journal of Education, Humanities and Social Sciences 27 (March 5, 2024): 153–58. http://dx.doi.org/10.54097/gq1x6962.
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The world’s real estate businesses have been growing at a staggering rate. As the economy increases in many countries, people's demand in purchasing real estate rises, starting a new era of real estate businesses, success is seen in many parts of the world. Real estate development is a risky business, developers have to be extremely cautious with every step, keeping an eye on every possible detail that would cause the whole project to collapse. Focusing on our main objective, what is the real estate development rate in China like? According to an analysis report about the bankruptcy rate, it shows that there are a total of 308 real estate companies that faced bankruptcy in 2022. Every year a minimum of 300 real estate companies will collapse but compared to the current surviving company (124665), the percentage is calculated to be 0.25 percent of the total market. Experts have tried to estimate the future trend of real estate development, but because of the complicated systems, it's hard to see a clear result. But as government policies and the economy flow up and down, China’s real estate development cannot be underestimated. This paper aims to discover the future development of China’s real estate development, estimating whether the real estate business will go on a down road or an upload. Giving an insight, a rough conclusion that answers the doubts in people’s minds.
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Glaeser, Edward L. "Real Estate Bubbles and Urban Development." Asian Development Review 34, no. 2 (August 2017): 114–51. http://dx.doi.org/10.1162/adev_a_00097.
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Real estate booms have regularly occurred throughout the world, leaving painful busts and financial crises in their wake. Real estate is a natural investment for more passive debt investors, including banks, because real estate's flexibility makes it a better source of collateral than production facilities built for a specific purpose. Consequently, passive capital may flow disproportionately into real estate and help generate real estate bubbles. The preference of banks for more fungible real estate assets also explains why real estate is so often the source of a financial crisis. Real estate bubbles can be welfare enhancing if cities would otherwise be too small, either because of agglomeration economies or building restrictions. But given reasonable parameters, the large welfare costs of any financial crisis are likely to be higher than the modest benefits of extra building. The benefits of real estate bubbles are welfare “triangles,” while the costs of widespread default are welfare “rectangles.”
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Munoz Cabanes, Alberto, Alfonso Herrero de Egana, and Arturo Romero. "Real option analysis. The viability of real estate projects." Investment Management and Financial Innovations 17, no. 4 (December 8, 2020): 271–84. http://dx.doi.org/10.21511/imfi.17(4).2020.24.
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Traditional methods used for real estate project valuation, such as the static Net Present Value, have some limitations, as these methods do not consider the possibility of a change in the initial conditions of the project or during its development. On the other hand, the real options approach allows for flexibility in evaluating a real estate project, improving the decision-making process as it helps identify the optimal strategy and timing for the construction phases. The paper deals with evaluating an actual real estate project in La Rioja (Spain) using different options to estimate its final Net Present Value. The results show that the real estate project would be profitable under several scenarios, although the valuations can vary significantly among the different types of options. This is because some options add more value to the project than others, depending on their cost and the uncertainty they eliminate. In contrast, the results obtained using the traditional static method would have led a real estate developer to discard the project completely, as its Net Present Value would have been negative. This confirms that the introduction of flexibility in real estate developments creates additional value by allowing developers and investors to dynamically react to changes in the market, thus making better investment decisions and finding real estate investment opportunities that otherwise would not be considered at all.
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Arora, Rohit. "Real Estate Investment Trusts (REITs): Development in India." Indian Journal of Applied Research 1, no. 10 (October 1, 2011): 102–3. http://dx.doi.org/10.15373/2249555x/jul2012/33.
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Chen, Jie, and Shawn Ni. "International Real Estate Review." International Real Estate Review 14, no. 2 (August 31, 2011): 208–39. http://dx.doi.org/10.53383/100140.
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The price-to-rent ratio, a common yardstick for the value of housing, is difficult to estimate when rental properties are poor substitutes of owner-occupied homes. In this study, we estimate price-to-rent ratios of residential properties in two major cities in China, where urban high-rises (estates) comprise both rental and owner-occupied units. We conduct Bayesian inference on estate-specific parameters by using information of rental units to elicit priors of the unobserved rents of units sold in the same estate. We find that the price-to-rent ratios tend to be higher for low-end properties. We discuss economic explanations for the phenomenon and the policy implications.
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Zhanda, Kelvin. "Beyond Recovery? Downturns, Implications and Prospects of COVID-19 Pandemic to Real Estate Development in Zimbabwe." International Journal of Real Estate Studies 14, S1 (November 11, 2020): 31–40. http://dx.doi.org/10.11113/intrest.v14ns1.61.
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Real estate development plays a pivotal role in the growth of macro economies worldwide. Until recently there has been little, if any, concern over the impact of public health emergencies to real estate development process let alone recoupling mechanisms for Zimbabwe’s real estate developers. Many changes have occurred to real estate development amid the ongoing COVID-19 pandemic and economic instability that has impacted the already struggling real estate development sector in Zimbabwe. Thus, this paper aims to examine the implications of COVID-19 pandemic to real estate development and its prospects for recovery in Zimbabwe. The paper focuses on the implications of COVID-19 to the four forms of real estate development namely: new developments, repurposing, refurbishment, and redevelopment. The study employed a desktop study and survey of selected real estate developers as well as content analysis methodology. Evidence in Zimbabwe shows that many new developments have almost stopped and some will hold back for an indefinite time. The real estate development industry is largely based on revenue accrued from the real estate projects’ proceeds and funding from banks. Thus, the study seeks to answer questions of the nature: will the financial institutions continue to offer financial help to real estate developers? What will be the legal wrangles of missing the projects' delivery dates by developers? While the key players in the real estate development process have seized the pandemic as an opportunity to demolish and refurbish the buildings, some real estate developers are halting projects citing revenue challenges. The paper indicates how the current COVID-19 pandemic may affect the real estate developers’ future “appetite” and determine the future of real estate development. The paper, therefore, builds the basis for future real estate development policies and indicates the need for reforms to shield the sector from pandemic shocks.
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Wang, Zhenbang. "The realistic predicament and development path of China’s real estate development under the background of policy regulation." BCP Business & Management 29 (October 12, 2022): 336–41. http://dx.doi.org/10.54691/bcpbm.v29i.2292.
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China’s real estate market is undergoing macro-adjustment of various policies. It is imperative to develop the real estate industry with high quality. It is of great practical value to strengthen the research on the real estate industry. Therefore, this paper systematically analyzes the main stages of real estate reform and development, and probes into the difficulties and challenges in the development of the real estate industry under the background of policy regulation. The present study finds that although China’s real estate has developed rapidly with the support of the government, it also has many problems and practical difficulties faced by the development of real estate. Finally, based on the analysis, this paper puts forward some targeted suggestions, aiming to be helpful to the sustainable development of the real estate industry.
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Яськова, Наталья. "Real estate development amid crisis." Известия Иркутской государственной экономической академии 25, no. 3 (2015): 443–49. http://dx.doi.org/10.17150/1993-3541.2015.25(3).443-449.
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Kaya, Hakan, and Cem Gazioğlu. "Real Estate Development at Landslides." International Journal of Environment and Geoinformatics 2, no. 1 (March 2, 2015): 62–71. http://dx.doi.org/10.30897/ijegeo.302433.
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INOUE, Hidenori. "Biodiversity and Real-estate Development." Japanese Journal of Real Estate Sciences 26, no. 3 (2013): 35–39. http://dx.doi.org/10.5736/jares.26.3_35.
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Graaskamp, James A. "Fundamentals of Real Estate Development." Journal of Property Valuation and Investment 10, no. 3 (March 1992): 619–39. http://dx.doi.org/10.1108/14635789210031253.
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Sarchenko, Vladimir. "REAL ESTATE SPACE-TERRITORIAL DEVELOPMENT." Vestnik MGSU, no. 1 (January 2015): 103–11. http://dx.doi.org/10.22227/1997-0935.2015.1.103-111.
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Giurgiu, Horea Vlad, Gabriela Prostean, and Andra Diaconescu. "Software application development for real estate activities." Scientific Bulletin of the Politehnica University of Timişoara Transactions on Engineering and Management 6, no. 1 (April 27, 2023): 19–25. http://dx.doi.org/10.59168/gwtt8802.
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The real estate industry is in the early stages of software application, in constant search of new tools to make the industry work more efficiently and effectively. The real estate market is differentiated by certain needs, respectively each segment of the real estate market is looking for software solutions to meet the main needs. In order to meet the requirements of the real estate market, the authors come up with a proposal to create a prototype (iMoPal), including software application development, for a product, namely an online real estate platform for property management, and the creation of a scoring system for tenant and landlord. The application offers a proficient time management solution between tenant and landlord.
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Dong, Chun Lai. "Surveying and Mapping the Technology and Management Analysis of the Whole-Process in Real Estate Development." Advanced Materials Research 250-253 (May 2011): 2852–56. http://dx.doi.org/10.4028/www.scientific.net/amr.250-253.2852.
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This paper elaborated that the real estate develops the whole-process to surveying and mapping the work contents, method and requests in applied everything generally, inquiring in to surveying and mapping the regulation and the key problem in the process, brief introduction the interface is friendly and operates the simple real estate development to surveying and mapping the information management system, pointing out to surveying and mapping the phenomenon that the information waste and the increment real estates develop the cost, announcing to public to surveying and mapping the system reform and surveying and mapping the necessity that the market develops completely, developing for the real estate or supervision company contain certain leading and practical values.
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Lyashchenko, Anatoliy, and Zaur Mamedov. "DEVELOPMENT TENDENCIES OF GEOINFORMATION SUPPORT FOR REAL ESTATE VALUATION." Urban development and spatial planning, no. 85 (March 29, 2024): 365–83. http://dx.doi.org/10.32347/2076-815x.2024.85.365-383.
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The use of geoinformation systems in evaluation activities over the past decades has evolved from individual research projects to the formation of a modern instrumental platform for the implementation of almost all evaluation procedures. This applies both to the preparatory stages associated with the collection, validation and integration of large volumes of input data about real estate from various sources, and to the improvement of real estate valuation methods taking into account the spatial characteristics of its location. Based on the analysis of modern publications on the use of GIS for real estate evaluation in countries with a developed real estate market, the following main trends have been identified: 1) introduction of a unified information model for real estate evaluation, which is harmonized with the provisions of the project of the international standard ISO 19152-4 Geographic information – Land Administration Domain Model ( LADM) – Part 4: Valuation information; 2) use of geospatial data of official address registers and real estate registers (including parcels, buildings with 3D and BIM models) for spatial reference (geocoding) of market price monitoring results and real estate evaluation results; 3) improvement of models and methods of individual and mass assessment of real estate using the potential of GIS to analyze the impact of real estate location on market prices; 4) providing wide access to sets of geospatial data and electronic maps with the results of assessment and monitoring of the real estate market on the Internet. Based on these trends, the article substantiates the relevant directions for the development of geoinformation support for real estate evaluation in Ukraine. The widespread use of GIS for real estate valuation is expected to contribute to increasing the objectivity of real estate valuation, the transparency of the taxation system and the real estate market, which will have a positive effect on the investment attractiveness of the economy.
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Tiwari, Piyush Kumar. "International Approaches to Real Estate Development." Construction Economics and Building 15, no. 1 (March 13, 2015): 118–19. http://dx.doi.org/10.5130/ajceb.v15i1.4355.
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Book ReviewInternational Approaches to Real Estate DevelopmentSquires, G. and Heurkens, E., 2015. International Approaches to Real Estate Development. Routledge, UK. ISBN (hbk): 978-0-415-82857-4, ISBN (pbk): 978-0-415-82858-1, Paperback: US$49.95, Hardback: US$165.00.
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Sari, Yeptadian. "STUDI EMPIRIS PENERAPAN MANAJEMEN NILAI PADA PENGEMBANGAN REAL ESTATE DI SURABAYA." NALARs 16, no. 1 (January 31, 2017): 85. http://dx.doi.org/10.24853/nalars.16.1.85-90.
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ABSTRAK. Penerapan sebuah metode dalam pengembangan real estat sangat dibutuhkan agar memastikan proyek berjalan dengan lancar. Terdapat metode yang mampu meningkatkan nilai proyek dan bahkan membuang biaya yang tidak perlu dalam proyek yang disebut dengan metode manajemen nilai atau value management (VM). Metode ini masih jarang digunakan di Indonesia namun sebagian besar pengembang real estat di Surabaya mengaplikasikannya. Penelitian ini mencari tahu tentang studi empiris dari penerapan VM pada pengembangan real estat di Surabaya, lebih spesifiknya yaitu mencari tahu tentang bagaimana VM digunakan di perusahaan pengembang real estat di Surabaya. Penelitian ini merupakan penelitian eksploratif dengan metode penelitian analisa statistik deskriptif. Metode penentuan sampel dengan non-probabiliti sampling gabungan, yaitu dengan purposive sampling yang dilanjutkan dengan snowball sampling. Sedangkan teknik pengumpulan datanya menggunakan survei dengan alat kuesioner. Hasil dari penelitian ini diketahui bahwa 80% perusahaan pengembang real estat di Surabaya tidak memiliki pelaksana desain dan pelaksana proyek sendiri, dan mereka tidak dilibatkan dalam tujuan proyek sejak tahap preliminary, mereka baru dilibatkan sejak tahap desain konseptual. Selain itu, penelitian ini menemukan fakta bahwa 60% petinggi perusahaan pengembang real estat mengasumsikan bahwa manajemen nilai (VM) adalah rekayasa nilai (VE). Kata kunci : real estate, manajemen nilai, studi empiris. ABSTRACT. The application of a method in real estate development process is needed in order to ensure the project runs smoothly. There are methods that can indrease the value of the project and even discard the unnecessary cost of the project called value management. Many practitioners of real estate development in Surabaya claim that they always apply value management method. However, based on empirical data, it is known that not much research of value management in Surabaya. Thepurpose of this paper is to determine the empirical study of VM by the practitioners of real estate development in Surabaya. This is an exploratory research with statistic descriptive analysis that is used to achieve the research objectives. The sample taking and respondent determination are applied by a purposive sampling followed by snowball sampling. Data collection techniques use a survey by distributing the questionnaires. Outcome of the analysis indicate that 80% of real estate development companies in Surabaya do not have executive design and project implementers. Design implementers and project officers are not involved in achieving the objectives of the project, these professionals began to be involved in the conceptual stages of design. Beside, this research finds that 60% of practitioners assume that VM is VE. Keywords : real estate, value management, empirical study.
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Mičurová, V. "Development of structure and exploitation of agriculture land fund in Latvia." Agricultural Economics (Zemědělská ekonomika) 49, No. 4 (March 1, 2012): 179–83. http://dx.doi.org/10.17221/5376-agricecon.
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Agriculture is a sector in Latvia which plays an important role in the country’s economy and the same time performs a significant social, environmental and ethno-cultural function. Latvia has favourable conditions for the development of organic agriculture. The aim of land reform is to reorganise legal, social and economic relationships of land property and land use to facilitate the development of infrastructure, land protection and rational land use according to the interests of society. In Latvia, the land reform is practically carried out in three directions – restitution of real estate rights, privatisation of real property and compensation for previous real estate. At the moment, the main and urgent goal concerns strengthening of the results of land reform. It means that all the information on real estates (land and buildings), uses and area of lease obtained during the previous course of land reform must be reflected into the real property cadastre.
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Cui, Jian, Ji Ju Ma, Dong Ling Ma, and Na Na Yang. "Application of Three-Dimensional Visualization Technology in Real Estate Management." Applied Mechanics and Materials 580-583 (July 2014): 2765–68. http://dx.doi.org/10.4028/www.scientific.net/amm.580-583.2765.
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Real estates are the material basis of the survival and development of a city, and are important parts of urban development. We use 3ds Max as a tool to create 3D models of buildings and Supermap Deskpro.NET as a platform to make an effective combination of 3d models, real estate graphic data and real estate attribute data. Three-dimensional display of surveying and mapping information and three-dimensional visualization management of house property information are realized.
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Ma, Haitao, Qinqin Wu, Zhengqiu Cheng, and Lingrui Zhu. "Digital Financial Development, Rising Housing Prices and Non-residential Consumption." Frontiers in Sustainable Development 4, no. 2 (February 26, 2024): 59–64. http://dx.doi.org/10.54691/921z8f58.
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In recent years, the real estate market has become less popular, and real estate prices in a few places have declined slightly, mainly due to the effect of purchase restriction policies and the slowdown in economic growth. Will it be difficult for the real estate industry to develop in the future? Will the real estate market slump and remain cold for a long time? As some people believe, real estate will definitely not be sold and prices will have to be significantly reduced? I believe that the real estate industry will continue to develop. The long-term price reduction of real estate will not rebound. This is only the subjective wish of some people. This wish is neither in the national interest nor in the social interest, nor in line with the laws of the socialist market economy. Based on the analysis of various factors, my country's real estate industry will continue to develop, the real estate market will be more sound, and real estate prices will definitely not continue to fall, but will definitely "increase steadily."
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Ying, Donglei. "Optimization of Tourism Real Estate Development Project Based on Option Premium Model." Discrete Dynamics in Nature and Society 2021 (August 18, 2021): 1–8. http://dx.doi.org/10.1155/2021/2954795.
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Compared with that of traditional housing real estate, the development of tourism real estate is time-consuming, complex, and irreversible. It is hard to guide investment decision-making on tourism real estate with the conventional discount cash flow (DCF) method. This paper aims to demonstrate that the real option method can improve and optimize the investment decision-making on tourism real estate. Through case analysis, the real option model, i.e., the classic American real option model, and binary tree value distribution model were adopted to analyze the factors affecting the real option of tourism real estate, optimize the development sequence of tourism real estate project, and demonstrate the phased development value of tourism real state, thereby enhancing the development value of tourism real estate projects. The case analysis proves that tourism real estate investment is fully consistent with real option in the uncertain spatiotemporal attributes: uncertainty, irreversibility, and timeliness. Therefore, tourism real estate project carries obvious features of real option. The decision-making by the real option model is much more scientific and superior than that by the conventional DCF method. Since the application of real option theory has been emphasizing housing real estate over tourism real estate, the research results enrich the theory on real option-based investment decision-making for real estate and expand the application scope of real option.
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Yu, Hongxiao. "China's real estate market reform and development path." BCP Business & Management 25 (August 30, 2022): 369–73. http://dx.doi.org/10.54691/bcpbm.v25i.1845.
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China's real estate market has made an important contribution to economic and social development and has attracted widespread attention. The real estate market is not only concerned with housing problems, but also closely related to finance, residents and public services, and has become an important factor affecting economic and social development. This paper analyzes the main reasons driving the development of China's real estate market and discusses the possible problems. The results show that China's real estate market is in urgent need of reform and innovation to solve some existing contradictions, so as to promote high-quality economic development. Finally, this paper provides some suggestions for real estate development.
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Dong, Zhi, and Tien Foo Sing. "Developers’ heterogeneity and real estate development timing options." Journal of Property Investment & Finance 35, no. 5 (August 7, 2017): 472–88. http://dx.doi.org/10.1108/jpif-07-2016-0058.
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Purpose The purpose of this paper is to examine developers’ optimal development timing when developers are heterogeneous and have different marginal costs in a real estate development market. Design/methodology/approach This study uses a multiple-player game theoretic real option model and provides tractable results of asymmetric development strategies from a two-stochastic-variable model. Anecdotal evidence and market observations are presented. Findings Stronger developers (with low marginal costs) exercise real estate development options earlier than weaker developers (with high marginal costs). However, the interval time between developments by stronger and weaker developers decreases in rental volatilities. Real estate with a high positive externality are developed earlier than real estate with a low or negative externality. Practical implications Weaker and smaller developers are advised to undertake projects having positive externalities from vicinities. Government agencies are recommended to use tools of zoning and urban planning to prioritise developments introducing positive externalities and to facilitate the growth of weaker and smaller developers. This may subsequently help reduce incentive for land banking and oversupply in real estate space market. Originality/value This research is probably the first to explicitly incorporate developers’ heterogeneous strength in real estate development timing options with multiple developers in a competitive market. It sheds additional insights into the understanding of potential problems of development cascades, under the interactive effects between exogenous policy changes and endogenous response from asymmetric developers.
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Mintah, Kwabena. "International Real Estate Review." International Real Estate Review 21, no. 4 (December 31, 2018): 473–520. http://dx.doi.org/10.53383/100270.
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Studies have demonstrated the potential of real options analysis (ROA) in property development decision-making. However, practitioners have yet to accept, adopt and integrate ROA in property development decision-making in Australia. This paper therefore investigates how Australian residential property developers manage uncertainties and risks, examines flexibility as a risk management tool, and evaluates the receptiveness and acceptance of ROA for decision making. Data are collected through face-to-face semi-structured interviews with twelve participants, and analysed by using thematic analysis. The results indicate that a discount rate is insufficient for managing uncertainties and risks; rather, contingency is used. Receptiveness and acceptance of the RO theory are mixed due to lack of unanimity among responses. Some participants are positive about flexibility, while others are dismissive. Beyond quantitative ROA models, the findings suggest that practitioners are receptive to ROA, but concerns remain over adoption. Flexibility cases executed by some participants in practice indicate that practitioners are subconsciously using ROA. Therefore, it is possible that acceptance and adoption could be achieved in the future. Evidence of the use of contingency as a risk management tool challenges the long-held notions of risk-return relationships in property development and investment. This is initial evidence of qualitative research on ROA in practice within Australian property developments.
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Bochko, Оlena Yu, Nataliia S. Kosar, Nataliia Ye Kuzo, and Nazar V. Fihun. "REAL ESTATE MARKET IN UKRAINE: TRENDS OF DEVELOPMENT AND CHALLENGES." Academic Review 2, no. 59 (July 18, 2023): 190–201. http://dx.doi.org/10.32342/2074-5354-2023-2-59-13.
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The development of the real estate market in Ukraine has a positive impact on the economy, contributes to the activation of the banking sector, investment and employment growth, and improvement of living conditions, which, in turn, alleviates social problems. The aim of the article is to study the components of the development of the real estate market in Ukraine. In the course of the work, various general scientific and special research methods were applied, including inductive and deductive methods used to analyze the construction output, GDP, and the consumer price index. With the help of economic analysis and comparison, an analysis of interest rates on deposits in hryvnia and foreign currency for 2005-2020 was carried out. The method of correlation-regression analysis was used to study the relationships between the main influencing factors and the resultant factor (the volume of Ukraine’s real estate market). The graphical method was used to visually represent the results of the study. The abstract-logical method was used for theoretical generalizations and drawing conclusions. The authors analyzed the real estate market in Ukraine and revealed a trend of growth in its capacity in value terms during 2010-2019 and a decrease in 2020 compared to the previous year. To forecast the capacity of this market, it is important to identify the determinants that affect its development. A multiple regression linear econometric model was used to quantitatively assess the impact of different factors on the development of Ukraine’s real estate market. The construction output (residential buildings) in value terms was taken as a resultant factor. Consumer income, housing investment, and divorce rate were taken as factors influencing it. Based on research, it was found that from 2005 to 2020 consumer income increased by 3.6 times, and in 2020 by 6.1%. This is one of the indicators among the respondents, which had a positive trend over the past year. According to the results of research for 2019-2020, investments in housing construction, the number of divorces, and interest rates on mortgage loans in UAH for 2020 decreased by 39.9%, 13.2%, and 0.6 points respectively. Examining these indicators for 2005-2020, we can say that only the number of divorces decreased by 5%. All other indicators increased: interest rates on mortgage loans — by 18.2%, consumer incomes — by 35.5%, and the construction output (residential buildings) — by 4 times. Based on the coefficient of determination, F-test, and von Neumann criterion, it was established that the constructed multiple econometric models are adequate for the statistical data of the population and can be used for further analysis of the economic process. To study the influence of factors on the construction output, partial coefficients of elasticity were analyzed. Based on the performed calculations, it was found that the development of the real estate market in Ukraine is primarily influenced by an increase in consumer income and their investments in residential construction, with a 1% increase leading to a 1.008% and 0.248% increase, respectively, in the construction output (residential buildings) in the real estate market of Ukraine. However, the conditions of the war, the decrease in the income level of the Ukrainian population, decrease in the real estate investments, and the destruction of a significant number of residential and non-residential premises have had a negative impact on the studied market. Its activation is expected in the post-war period — the period of restoration of Ukraine.
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Guo, Hong, and Min Fang Su. "Impact of Residential Real Estate Development on Green Construction." Applied Mechanics and Materials 275-277 (January 2013): 2756–60. http://dx.doi.org/10.4028/www.scientific.net/amm.275-277.2756.
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It discussed green construction practice in residential real estate development projects in China, analyzed problems met on the implementation of green construction in residential real estate development, on this basis several suggestions on how to promote green construction in residential real estate development were proposed. Policy support and government supervision play the role of lead, promotion and enforcement in the process of green construction in residential real estate development. Green construction plays an important role in promoting sustainable development of residential real estate development and construction industry.
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BAE, DONG HAK, and SEUNG HEE KIM. "Professional development factors of licensed real estate agents through FGI." Korea Real Estate Society 66 (December 31, 2022): 5–23. http://dx.doi.org/10.37407/kres.2022.40.4.5.
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This study aims to identify the professional development characteristics of licensed real estate agentsthrough licensed real estate agents in private practice, and to suggest a direction for fosteringprofessional development of licensed real estate agents in private practice. To this end, FGI wasconducted on licensed real estate agents to understand the professional development characteristics oflicensed real estate agents in context. The professionalism of licensed real estate agents is developed by various factors, but among them,learning activities and networks have a great influence, and it has been confirmed that the characteristicsexpand at each stage of development. In addition, it was possible to confirm the characteristics of theprofessional development stage in the intensive and expansive activities of licensed real estate agents inthe area of activity and activity. In the introductory stage, they focus on their main business within theregion and develop their expertise, but in order to go to the stage of proficiency or higher, they mustexpand their activity area and work to approach them as experts. Based on these FGI research results,it was possible to understand the professional development factors of licensed real estate agents incontext. In order for licensed real estate brokers to advance real estate brokerage services and providehigh-quality services tailored to the eye level of consumers, a plan to enhance professionalism for eachdevelopmental stage of licensed real estate brokers should be presented.
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Feng, Haidong. "Financing Model Optimization of Lanzhou Yatai Group Real Estate Project." INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE AND BUSINESS ADMINISTRATION 2, no. 5 (2014): 38–49. http://dx.doi.org/10.18775/ijmsba.1849-5664-5419.2014.25.1005.
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Lanzhou Yatai Group, as the first listed real estate companies, occupies absolute advantage in the competition of the industry. Especially because of Lanzhou National Economic Development District, Yaitai Group focuses Lanzhou new area asthe target of the advantages and great location. With the business development and planning, the company will also create Lanzhou Yaitai Group Technology Headquarters before 2016, and also will be followed by the huge business opportunities in the real estate industry driven by the financial industry, service industry, catering industry, and the education industry as well. At the same time, the asset number of investment companies in the new district has reached about 0.45 billion, so the vast number of these channels also makes traditional financing be in danger. Banking loans, equity financing, debt financing gradually are difficult to enable the company’s rapid development growing so fast. Large-scale funding and financing inefficiencies of some large-scale projects also make the company’s financial operations meeting some obstacles. In this paper, the author will analyze Yatai Group real estate financing process and the traditional financing channels to predict its financing risk prevention and the Group’s real estate funds operating characteristics of the project. At the same time, we put forward the concept and characteristics of the real estate project financing. After financing inefficiencies of Lanzhou Yatai Group from 2011 to 2014, we make the analysis for real estate projects for the company and make a selection and optimization models. But also for the smooth development of real estate projects in Yatai Group, we provided a positive recommendation, which will become healthy and stable developments of the real estate industry in Gansu Province, and the development and construction of new district will be made as a good expectation.
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Khumpaisal, Sukulpat. "Classification of Risks in Real Estate Development Business." Journal of Architectural/Planning Research and Studies (JARS) 8, no. 2 (September 3, 2018): 1–8. http://dx.doi.org/10.56261/jars.v8.168607.
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Risks generally denote the negative impact to the real estate project’s progression in regard to these will affect to the construction schedule, project cost and the quality of the products. This article highlights the importance, consequences and impacts of risks in the real estate development projects. This article also classifies risks in the general business, and then focus specifically on those in the real estate business, then it provides the academic and practitioners term of risks as well as define the risks those involve in the real estate business. The risk classifications in this article will be used to support and establish the risk assessment criteria based on the definitions of Social, Technological, Economic, Environmental and Political factors or STEEP factor, which is popularly used in the general and real estate business.
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Singh, Alok. "Perspective of Developer, Buyer, Financier and Equity Participants in Real Estate Project Development Process in India: An important constituent of Construction Industry." International Journal of Management Excellence 8, no. 2 (February 28, 2017): 932–36. http://dx.doi.org/10.17722/ijme.v8i2.886.
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The real estate project development is an important constituent of construction industry. The other important constituent of construction industry is infrastructure development. The construction industry drives and impacts many other industries and has a substantial multiplier effect on various sectors and hence on economic output as well as on employment scenarios. This article discusses multiplier effect of construction industry on few of the important economic indicators and further focuses on real estate project development process. The real estate project development process starts from land acquisition to sales and marketing. The internal stakeholders in real estate project development process are real estate developers, real estate buyers and the real estate financers. The paper discusses alternatives for real estate developers, the opportunistic schemes for real estate buyers, and the role of portfolio of financing agencies as well as the role of multitudes of equity participants. It also describes about the regulatory institutions active in real estate project development and promotion process. The real estate projects are developed by organized real estate project developer as well as by unorganized real estate project developers or local builders. This article contributes regarding the challenges and opportunities among the real estate buyers, real estate developers, portfolio of financial schemes offered by real estate financers and the opportunities for real estate equity participants.
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Tong, Zhi Neng. "The Real Estate Industry and Economic Development Issues Discussed." Advanced Materials Research 1065-1069 (December 2014): 2542–44. http://dx.doi.org/10.4028/www.scientific.net/amr.1065-1069.2542.
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Through the course of the economic cycle and the development of urban real estate industry analysis process, economic development, in-depth study of the real estate cycle fluctuations and macroeconomic volatility relationship, trying to figure out the development of the real estate cycle and links between the current economic city fluctuations in the real estate cycle process development law issues to try to do some qualitative research.
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Shelemekha, D. "The hotel real estate market of Kyiv: formation and development." Bulletin of Taras Shevchenko National University of Kyiv. Geography, no. 62 (2014): 67–70. http://dx.doi.org/10.17721/1728-2721.2014.62.16.
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The dynamics of hotel real estate market of Kyiv are analyzed. The different views about the concept of “real estate market” are explored. The definition of “real estate market” as a socio-geographic category is allocated. The connection between tourists visit of Ukraine and hotel real estate market are disclosed. The basic characteristics of the hotel real estate market of Kyiv, such as supply on the market, average daily room rate, occupancy and revenue per available room are displayed.
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Lee, Mei-Hsing, Chien-Wen Peng, and Hsueh-Fei Liao. "International Real Estate Review." International Real Estate Review 23, no. 4 (December 31, 2020): 483–504. http://dx.doi.org/10.53383/100311.
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Most existing studies on the behavior of real estate appraisers focus on the issues around the independence of the appraiser. This study uses a questionnaire to measure the objectivity of real estate appraisers which involves six indicators related to the appraisal process, and divides the factors that affect the objectivity of real estate appraisers in Taiwan into four categories, namely, the opinion of the appraiser regarding the future development of the real estate appraisal industry, current real estate appraisal approaches and behavior of other appraisers, and the characteristics of real estate appraisers and their firms. The empirical results reveal that the income of appraisers relative to other professionals and public opinion in relation to the fairness of real estate appraisers are the two most important factors that affect the objectivity of real estate appraisers. Furthermore, the work experience of the appraiser, total revenue of the real estate appraisal firm, and independence of the final appraisal result all significantly and positively affect the objectivity of the real estate appraisers, and the awareness of a lack of appraisers in the market significantly and negatively affects their objectivity. These findings are helpful to the healthy development of real estate appraisal and its related industries.
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Denysenko, N., O. Bondarenko, and V. Dovbush. "TRENDS IN THE DEVELOPMENT OF THE URBAN REAL ESTATE MARKET IN UKRAINE." Series: Economic science 2, no. 176 (April 3, 2023): 2–7. http://dx.doi.org/10.33042/2522-1809-2023-2-176-2-7.
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The volatility of external and internal factors affecting the real estate market makes it necessary to study trends and predict the consequences of management decisions to prevent financial losses. The real estate market is a sphere of capital investment in real estate and a system of economic relations arising from real estate transactions. These relations arise when buying and selling real estate, leasing real estate, etc. Depending on the legal framework, external and internal financing conditions, and forms of property ownership, the real estate market is constantly changing and unique to each country, region, and city. To accurately evaluate real estate, it is necessary to monitor in detail all the changes taking place in the market. This article analyzes the factors that influence the formation of supply and demand in the real estate market. Economic factors have the greatest impact, namely: the level and dynamics of population income; differentiation of the population by income level; level of business development and its dynamics; changes in the structure of the business and its profitability; availability of financial resources; the state of alternative and related markets; prices in the real estate market; rental rates; risks of an investment in real estate; construction costs; prices and tariffs for utilities and energy resources. Social factors, such as population dynamics and age structure, the social structure of the population, crime rate and trends in crime, also significantly impact real estate market trends. The interaction of these factors ultimately determines the state and dynamics of supply and demand in the real estate market. At the same time, the direction of their influence may either coincide or differ for supply and demand. This can be better understood by identifying trends in supply and demand and their dependence on these factors. The article examines the history of price dynamics and systematizes the stages of the formation and development of the real estate market in Ukraine. The state of the real estate market during the crisis periods is analyzed and a forecast for the next year is made. Keywords: real estate market, real estate market dynamics, demand, offer, investment potential.
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Kauskale, Linda, Janis Zvirgzdins, and Ineta Geipele. "The Real Estate Market and its Influencing Factors for Sustainable Real Estate Development: A Case of Latvia." Baltic Journal of Real Estate Economics and Construction Management 10, no. 1 (January 1, 2022): 171–99. http://dx.doi.org/10.2478/bjreecm-2022-0012.
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Abstract The tendencies of the development of real estate market could affect the tendencies within the real estate development. The development of the real estate market could be influenced by the variety of factors, depending on the economic system of the country and other factors. The aim of the research is to analyse the tendencies in the Latvian real estate market, by paying particular attention to its influencing factors and sustainable real estate development. The literature review, comparative, historical, statistical analysis, observation and logical access methods have been used in the research. The research provides an interdisciplinary view on the topic. Particular attention is paid to the case of Latvia. The research can be used to promote the importance of sustainability and sustainable development using different forms, mostly economic and environmental ones. Changes within the economic dimension, including changes of real estate market prices, and other significant aspects of real estate development can influence the sustainability of the real estate market in general and may affect the financial results of market participants. Thus, the research can also be useful for real estate developers for a planned, balanced and financially successful entrepreneurship in the changing environment.
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Kotlińska, Janina. "Local Development and Sale of Municipal Real Estate." Barometr Regionalny. Analizy i Prognozy 16, no. 1 (June 20, 2018): 53–65. http://dx.doi.org/10.56583/br.386.
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Local development is associated with investments, the implementation of which requires significant financial resources. Revenues are the primary source of these funds, but also own income or non-returnable funds from abroad. Thus, those local self-governments (LGU ) will develop, which actively and effectively participate in the real estate market, as well as those that will have the possibility to incur liabilities. The indicated conditions are closely related to the construction of an individual debt limit of LGU. In the study, attention was focused on the effects of changing the LGU debt limitation to the economy of municipal real estate in Poland — probably unintended by the legislature. Its purpose is to indicate that the new approach to LGU debt limitation: (1) encourages local government to sell municipal real estate and forced the analysis of the structure of municipal real estate in the aspect of having real estate, and (2) causes changes in the structure of municipal real estate and ways of using it. The statistical data from 2010–2016 are the background and confirmation of the theses and issues presented in the study. The considerations and figures presented in the study show that: (1) return revenues are primarily the source of financing local development, although in recent years a significant change is visible in this area, (2) the new LGU debt rule forces LGU to undertake actions aimed at selling property, (3) sales of municipal real estate is conditioned both by the potential buyer and the seller, (4) both the pool and the structure of municipal real estate is changing, which gives grounds to believe that in the face of many restrictions, it has a chance to become optimal in given conditions and time, and (5 ) the optimal structure of municipal real estate from the point of view of territorial self-government missions, the number and type of tasks performed by individual LGU, as well as their situation and financial conditions is different in each LGU, and it is difficult to assign a target status.
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Hu, Yuqing, and Piyush Tiwari. "International Real Estate Review." International Real Estate Review 24, no. 2 (June 30, 2021): 293–322. http://dx.doi.org/10.53383/100323.
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This paper identifies the impact of macroeconomic determinants of commercial property investment and development markets in Australia. A Hodrick-Prescott (HP) filter is used to filter the cyclical components of commercial property investment and development time series. In order to identify the long-run relationships and short-run dynamics, coupled with causality between these factors and property cycles, the investment and development property cycles are analyed with respect to the movement of nine macroeconomic factors by using time series data from 1987 to 2016. The empirical results suggest that the Australian commercial property market is often in an overdemand situation rather than oversupply, which can be explained by the different patterns of the property cycles on the demand and supply sides. Property investment cycles are shorter and more volatile than development cycles at around 8-10 years and more than 20 years, respectively, since there is a larger elasticity of the macroeconomic factors that underlie the investment market with short-term dynamics, while the development cycle is mainly affected by such factors moderately in the long run. Both the investment and development markets are intensively affected by financing related variables rather than market-sentiment and economic-cycle related variables.
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Wang, Jiayao. "Development Status of Chinas Real Estate Industry." Advances in Economics, Management and Political Sciences 46, no. 1 (December 1, 2023): 37–41. http://dx.doi.org/10.54254/2754-1169/46/20230314.
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The real estate industry has always been a significant factor in the Chinese economy which can be easily affected by many sectors such as demand and supply imbalance, aging, and information asymmetric between producers and consumers. Under the new economic situation in China, the development and innovation of the real estate industry play a crucial role in the Chinese economy. The paper explores the future trend of real estate by analysing the current situation of the Chinese real estate industry through a method of literature review and data analysis. The result shows that the first, the house vacancy rate is a main factor that the government should control in order to balance the demand and supply. The price of the house would decrease caused by the unbalanced supply and demand. Secondly, the high unemployment rate would also affect the demand, which could lead to decrease in house price. Lastly, the uneven development between different areas would lead to negative impact for the real house industry as well. This paper find that government intervention plays a significant role in the control of demand and supply of the real house industry and The real estate industry ushered in a new stage and began to explore new ways of development that fit publics needs.
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Rajan Annamalai, Thillai, Bharat Bansal, and Josephine Gemson. "Private equity investment and real estate development." Journal of Financial Management of Property and Construction 19, no. 3 (October 28, 2014): 202–25. http://dx.doi.org/10.1108/jfmpc-02-2014-0001.
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Purpose – The purpose of this paper is to understand the trends and contribution of private equity (PE) investors in real estate development in India because the real estate sector in India had witnessed significant investments from PE firms in recent years. Design/methodology/approach – The study focused on residential segment of real estate development, as it is the largest among all the segments. Two types of analyses have been done in this paper: first was to compare residential projects with PE investment with those that did not have any PE investment. The results were based on an analysis of 453 residential projects. The second was an analysis of only those projects that had PE investment. This paper studied if there were differences in investment patterns between domestic and foreign PE investors, and dedicated and diversified PE investors. Findings – Projects with PE investment were larger, as compared to projects that did not have any PE investment. The results of this paper also showed that PE firms preferred to invest with developers who had significant experience in undertaking larger-sized projects. PE investments significantly happened in projects that were located in metro cities. While PE firms as a whole preferred to invest in project mode, domestic investors were more inclined to invest in a project structure as compared to foreign PE firms. Though foreign PE firms invested more amounts per deal on average, there was a negative relationship between foreign PE firms and the extent of their shareholding in the investment. Practical implications – Encouraging PE investment in real estate projects would contribute toward to increasing the transparency in the sector. Strengthening the domestic PE industry would increase investment flow for real estate projects. PE investors who are able to add value to their investments are able to obtain higher shareholding. Originality/value – Empirical research on Indian real estate industry is scarce because of the lack of transparency and availability of reliable data. This is one of the initial studies on the Indian real estate sector based on a robust dataset.
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Chu, Yongqiang, and Tien Sing. "International Real Estate Review." International Real Estate Review 24, no. 1 (March 31, 2021): 1–17. http://dx.doi.org/10.53383/100314.
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Developers make decisions around timing and intensity simultaneously when exercising a development option. Built on the early real options models, we allow the demand shock and the cost functions to be dependent on the intensity of real estate development. Based on a set of input parameters, the numerical results show that demand uncertainty delays development activities, and the rental elasticity to density change has an inverse effect on the deferment option values. In a market where the intensity impact on rental income is small, development activities are likely to be curtailed when market volatility increases. More empirical tests could be conducted on whether more smaller-scale projects are triggered in down markets relative to up markets.
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YALPIR, Sukran, and Gulgun OZKAN. "KNOWLEDGE-BASED FIS AND ANFIS MODELS DEVELOPMENT AND COMPARISON FOR RESIDENTIAL REAL ESTATE VALUATION." International Journal of Strategic Property Management 22, no. 2 (March 23, 2018): 110–18. http://dx.doi.org/10.3846/ijspm.2018.442.
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There has been an increasing concern on the development of alternative approaches to overcome the problems and deficiencies that occur during the application of real-estate valuation methods. This study was established to investigate the usability of the expert knowledge based fuzzy logic methodology in determining real-estates values. In addition, valuation with the Adaptive Neuro-Fuzzy Inference System (ANFIS) method provided model comparison. Samples were administered a questionnaire for the parameters planned for these models regarding the parameters that affect real estate values. To make value estimations for the Fuzzy Inference System (FIS) model by using the parameters obtained from the questionnaire analyses, the criteria that produced the best results were acquired from the various criteria alternatives. An algorithm was created and the valuation process for real estate was performed using the FIS in Konya/Turkey. As a result of poll studies the area, age, floor conditions, physical properties and location of the real-estate property were considered as the input variables and the market value as the output variable. The memberships were established with poll analysis and were rule based on expert knowledge. The model structure was formed by using the Mamdani structure in the MATLAB fuzzy toolbox. Model prediction performance was evaluated statistically with the Mean Absolute Percentage Error (MAPE) and a high accuracy of the model results to the market values indicated the reliability of the established model for residential real-estate valuation.
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Li, Bo, Rita Yi Man Li, and Thitinant Wareewanich. "Factors Influencing Large Real Estate Companies’ Competitiveness: A Sustainable Development Perspective." Land 10, no. 11 (November 12, 2021): 1239. http://dx.doi.org/10.3390/land10111239.
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Strict policy control and real estate market downturn affects large-scale real estate enterprises performance. We surveyed large Chinese real estate enterprises and the internal factors that affect their competitiveness. Verified by the hierarchical regression and structural equation modelling approach, the results mainly show that profitability, capital ability, management and operation ability, human resource ability, brand name, and innovation ability play positive roles in the competitiveness of large real estate enterprises. Management and operation ability plays an intermediary role between human resources and the improvement of competitiveness. Real estate enterprises’ capital sources play an intermediary role between brand names and the improvement of competitiveness. Moreover, landbank area and quality and sales are three major factors that impact the competitiveness improvement of real estate enterprises, while the ability for marketing innovation and the payment collection of enterprises has a relatively small impact. All in all, this paper provides practical implications concerning factors that affect the competitiveness of large real estate enterprises. The findings are helpful to improve the sustainable development of real estate enterprises in the future. As research on factors that affect large-scale real estate enterprises is scarce, this study aims to fill this gap.
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Das, Prashant, Vivek Sah, Divyanshu Sharma, Vinod Singh, and Louis Galuppo. "Real Estate Development Process in India." Journal of Real Estate Literature 21, no. 2 (January 1, 2013): 271–92. http://dx.doi.org/10.1080/10835547.2013.12090362.
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Fung, Hung-Gay, Jau-Lian Jeng, and Qingfeng "Wilson" Liu. "Development of China's Real Estate Market." Chinese Economy 43, no. 1 (January 2010): 71–92. http://dx.doi.org/10.2753/ces1097-1475430104.
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OOSUGI, Mami. "Real estate development and environmental preservation." Japanese Journal of Real Estate Sciences 26, no. 3 (2013): 28. http://dx.doi.org/10.5736/jares.26.3_28.
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Gusakova, Elena, Boris Titarenko, and Vitaliy Stepanov. "Systems engineering real estate development projects." IOP Conference Series: Earth and Environmental Science 90 (October 2017): 012196. http://dx.doi.org/10.1088/1755-1315/90/1/012196.
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