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Dissertations / Theses on the topic 'Real estate sale'
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Xu, F. Finn(Fei Finn). "From seed to sale." Thesis, Massachusetts Institute of Technology, 2020. https://hdl.handle.net/1721.1/127852.
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Thesis: M. Arch., Massachusetts Institute of Technology, Department of Architecture, May, 2020Thesis: S.M. in Real Estate Development, Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate, May, 2020
Cataloged from PDF version of thesis.
Includes bibliographical references (page 120).
The history of cultivating cannabis can be traced back to at least the 3rd millennium BCE, as evidence suggests it was consumed for psychoactive effects at least 2,500 years ago in the Pamir Mountains in central Asia. Viewed quite negative in recent centuries though, cannabis is currently illegal in most of the countries in the world, including the United States at the federal level. Started as early as in the 1970s, cannabis was first legalized in few states in the US for medical use. Later, as more states adopted lenient policies on the substance, the voice for the decriminalization of recreational cannabis increased. Now, as 12 states already legalized recreational cannabis and more than 30 states permit medical cannabis, the cannabis industry presents not only core business opportunities but also an arena for related building and facility design and development. Excited about this landscape, this thesis aims to explore unique building prototypes for cannabis operators and examine innovative investment opportunities through real estate investment trust (REIT) in the cannabis industry.
by F. Finn Xu.
M. Arch.
S.M. in Real Estate Development
M.Arch. Massachusetts Institute of Technology, Department of Architecture
S.M.inRealEstateDevelopment Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate
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Lanefelt, Michael. "Owning versus Leasing Corporate Real Estate: A study of Swedish municipalities." Thesis, KTH, Fastigheter och byggande, 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-124131.
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Every choice between owning and leasing corporate real estate is unique. Therefore every single case needs to be analyzed very thoroughly. The analysis can be in the form of a cash flow analysis and must be done on both cases: to own and to lease. Factors other than the purely financial ones must also be considered. The way the lease contract is written is very central to the choice between owning and leasing. Almost everything can be regulated in the lease contract. Another factor that has great impact on the decision between owning and leasing is the way one looks on risk vs. return. The result of the cash flow analysis is very dependent on the risk, so it’s obvious that the discount rate has an important role in the decision making. It is the author’s strong belief that the trend is to lease more and own less. This is applicable for private enterprises. Regarding Swedish municipalities it seems to be the other way around. The majority of the municipalities don’t have any plans on selling their real estate. The difference between owning and leasing can be very vague because lease contracts can be written in so many different ways. Therefore there is almost never a clear answer which is best, owning or leasing. My ambition with this text has never been to find a right or wrong, but to analyze the different aspects of leasing and owning real estate.Varje enskilt fall måste noggrant gås igenom för att kunna dra någon slutsats om huruvida det är bäst att äga eller hyra ett fastighetsbestånd. Man måste räkna, med hjälp av t.ex. en kassaflödesanalys, på de båda fallen. Andra faktorer än de direkt ekonomiska från teorin måste även tas hänsyn till. Valet mellan hyra och äga beror till stor del av formuleringen av ett eventuellt hyreskontrakt. I kontraktet går nästan allt att reglera. Hur man ser på och utvärderar risk kontra avkastning är en faktor som även den till stor del påverkar valet mellan äga och hyra. Risken påverkar diskonteringsräntan som ligger till grund för den kassaflödesanalys som måste göras för att utvärdera de olika investeringsalternativen. Trenden, inom den privata sektorn, går mot att hyra mer. Bland kommuner är denna trend inte alls tydlig. Tvärtom så verkar de flesta kommuner inte ha planer på att sälja ut sitt fastighetsbestånd. Eftersom ett kontrakt kan vara utformat sådant att det knappt går att tala om att äga eller hyra, utan något mellanting, så finns det sällan något entydigt svar på vad som är bäst av att äga eller hyra. Det var aldrig min ambition att hitta något rätt och fel på det stora hela.
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Martin, Jon E. (Jon Egan). "Determining the Impact of Selected Variables on the Sale Price of Real Estate." Thesis, University of North Texas, 1989. https://digital.library.unt.edu/ark:/67531/metadc501198/.
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This paper presents the results of a study dealing with a number of issues regarding real estate investment. Utilizing a data set consisting of real estate transactions, questions relative to the impact of certain variables on the sale price are addressed. This analysis addresses the question of the impact of financial, physical, and location characteristics on the sales price of commercial grade real estate.
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Ferreira, Pedro Manuel Costa dos Reis. "Corporate real estate strategies - a multinational approach." Master's thesis, NSBE - UNL, 2010. http://hdl.handle.net/10362/10298.
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A Work Project, presented as part of the requirements for the Award of a Masters Degree in Management from the NOVA – School of Business and EconomicsCRE strategies have proved to contribute to the creation of competitive advantages by integrating corporate value and the organizational culture across multi-locations. CRE strategies also facilitate attracting and retaining best talent. Through a qualitative research method of case study, this paper examines the impact of changes in the CRE strategies of McDonald’s and Hewlett Packard, both companies being multinational firms that represent the two main segments of CRE: retail and offices. Findings indicate that the changed strategies have provided for increased revenue and higher shareholder value in the case of McDonald’s and enhanced space utilization, comfortable working environment and a global design standard for all offices and workstations of HP. The study also analyzes the option of selling and leasing back CRE assets against owning them.
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Lee, Ka-chuen Rex. "A study of establishing property re-sale market in China with particular reference to coastal special economic zones in PRC /." Hong Kong : University of Hong Kong, 1994. http://sunzi.lib.hku.hk/hkuto/record.jsp?B25939890.
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Fattal, Jonathan, and Ola Janheim. "Corporate Real Estate Sale and Leaseback : the Effect on Performance and Beta Risk." Thesis, KTH, Bygg- och fastighetsekonomi, 2011. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-76701.
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Corporate owned real estate is one of the world’s largest asset classes. Yet the US market and later on the European market has come towards a trend of refining businesses and using corporate real estate as a financing alternative by performing sale and leaseback transactions. This paper aims to complement and interlink research on event studies focusing on corporate real estate sale and leaseback and studies focusing on measuring risk and performance with variations in corporate real estate holdings. The study is delimited to companies publicly traded on the Swedish stock exchange. A quantitative survey has been conducted in which data from 23 observations has been analyzed. A positive relationship between stock performance and corporate real estate sale and leaseback transactions has been found. It is also noted that companies that intend to use the disengaged capital to focus on core business show an increase in systematic risk. Furthermore an increase in stock performance is found when transaction value to firm value is high. Investors and corporate managers are encouraged to evaluate possibilities for their corporate real estate holdings since the results indicate that the diversification should take place on the investment level rather than on the corporate level.
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李家權 and Ka-chuen Rex Lee. "A study of establishing property re-sale market in China with particular reference to coastal special economic zones in PRC." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 1994. http://hub.hku.hk/bib/B31257008.
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Wang, Xiaoqin. "The Chinese real estate industry with focus on the role of the developer in the development, sale and initial management of condomonium schemes." Thesis, University of Aberdeen, 2010. http://digitool.abdn.ac.uk:80/webclient/DeliveryManager?pid=166615.
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In the early 1980’s, the Chinese government launched the nationwide housing and land reform programme to tackle almost insurmountable problems in providing residential housing for its citizens and adequate business facilities to facilitate sustainable economic growth. Real estate developers play a significant role in the reform process. The object of this thesis is to identify the problems encountered under Chinese legislation with regard to controlling the activities of developers and suggest solutions. Chinese legislative provisions are compared with the provisions of the sophisticated American Uniform Common Interest Ownership Act and well-developed South African Sectional Titles Act. The first part of the thesis focuses on the complicated housing and land reform process in China. The major part of the thesis focuses on the role of developers in the development, sale and initial management of the condominium scheme. Topics discussed include the role of developers in the establishment of condominium schemes, allocation of parking spaces and the management of condominium schemes during the initial period. Consumer protection against abuses of power on the part of developers, especially regarding the sale of condominiums in a building which is still under construction is another key focus. The author finds that under current Chinese law, the developer is neither provided with sufficient flexibility nor controlled adequately by pertinent legislation. The most important shortcoming is that developers are not empowered to draft constitutive documents to suit the needs of their particular schemes. Lack of a constitutive document creates disputes among developers, management agencies and unit owners over various issues, such as the boundaries between exclusive units and common areas and their individual rights and obligations. Allowing developers to draft and register the constitutive documents would not only bind the three parties to the provision of constitutive documents but provide more flexibility to the developer. The automatic establishment of an owners’ association after the first unit is transferred will create a channel for communication among the three parties and reduce further friction amongst them.
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Kaljula, Kert. "Public Real Estate Management: Estonian Case Study with Monte Carlo SimulationAnalyses." Thesis, KTH, Fastigheter och byggande, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-147307.
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With accumulation of sovereign debt in many large OECD countries it seems that attention is heightened on how to manage public resources more effectively. High levels of sovereign debt are partly related to the aftermath of the latest financial crisis, where resolution for many big economies was to intervene and use public resources to put an end to the expansion of the crisis. Public real estate is one of those resources, which’s efficient management has high importance on general public sector efficacy. It seems that governments around the world have a way to go toward efficiency in public real estate management. There seem to be rather wide differences in management practices and quality. This thesis is an attempt to quantify some choices Estonian government could take in terms of its public real estate management. Four different scenarios are compared and Monte Carlo Simulation tool is used for that purpose. Two of the scenarios are related to private sector involvement and two are not. Privatization of public assets does not only mean cashing out for the government. It has wider consequences by introducing market forces where they weren’t before. One of the most important points of interest in this thesis is what effect can market forces and change in incentives have on public real estate management. There can be both, positive and negative effects, but which ones would prevail? The model built during the process of the thesis tries to measure those effects with aggregate net present value and its volatility by looking at 30 years ahead. Simulation analyses is used to vary input variables in the range that seems to be supported by the observations made in the literature and in some cases, where data is not available, also according to more subjective view that of the author’s. As input and their characteristics are different for scenarios, it is of interest to document how do the main outputs, mean NPV and its volatility, vary along with inputs.
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Gravatt, Denise Hunter. "The Impact of Digital Marketing Decisions on Market Outcomes in Residential Real Estate." Scholar Commons, 2018. https://scholarcommons.usf.edu/etd/7509.
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In the competitive and fast-paced industry of residential real estate, digital marketing strategies must effectively meet the information needs and demands of the industry’s three key stakeholders: buyers, sellers, and agents. Digital house hunting is the predominant search strategy for prospective homebuyers who scour the Internet looking for homes to purchase. Property sellers and real estate professionals, whose shared end-goal is to transact a successful sale, must discern which digital marketing choices are optimal for marketing for-sale properties online in the digital channels where buyers are searching.
A 2008 settlement agreement between the Department of Justice and the National Association of Realtors over concerns of anticompetitive policies relating to virtual office websites (VOWs) led to a shift in responsibility from the agent to the seller regarding which online marketing options will be associated with the online property listings. Real estate agents allocate time and resources to market properties on behalf of sellers, and need strategies that cater to buyers’ search preferences and sellers’ online marketing prerogatives while remaining effective and cost-efficient.
Previous empirical studies using MLS data have considered the effects of seller marketing choices of real estate platforms and types of agents (i.e. full-service, flat-fee, etc.) as well as the impacts of a variety of agent marketing efforts on the market outcomes of sales price, time on the market, and the probability of sale.
This research extends prior work by providing a quantitative analysis of the effects digital marketing choices of sellers (allowing “blogging” or third-party commentary) and digital marketing efforts of the agents (using a virtual tour) have on market outcomes. This analysis also includes a novel inquiry into what, if any, measurable effects the various platforms chosen for the virtual tours have on market outcomes.
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Svoboda, Robert. "Marketing realitních kanceláří." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2018. http://www.nusl.cz/ntk/nusl-382547.
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The Diploma thesis describes marketing of the real estate agencies. Theoretical part is focused on marketing and real estate agencies. It also provides advices in marketing for model real estate agency. Practical part is focused on analyzing selected options by using WSA method. Then I tried to find out which option has the best rating.
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Gavlasová, Kristina. "Porovnání elektronické aukce a přímého prodeje bytů." Master's thesis, Vysoká škola ekonomická v Praze, 2017. http://www.nusl.cz/ntk/nusl-359141.
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The main aim of the thesis is the comparison of the e-auction and the direct sale of apartments and to find answers to the research questions: Does the way of sale affect the price of the apartment? Are the prices higher in e-auction than in direct sales? In the theoretical part, the issue of auctions and direct sales is described and the development on the Czech real estate market is outlined. Analytical part analyzes data from e-auction and direct sale of apartements, and research questions are answered.
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Rudecká, Soňa. "Analýza developerského projektu." Master's thesis, Vysoké učení technické v Brně. Fakulta stavební, 2015. http://www.nusl.cz/ntk/nusl-227324.
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This diploma thesis deals with the real estate trading theme, this means the construction market and the real estate market. The introduction is devoted to basic terms, followed by familiarization with the investment project and the division of market to the construction one and the one with the real estate. There are also defined subjects (participants) of these markets and institutions that can affect these markets. The main part of the thesis is the description of a development project from pre-investment phase to final sale or lease of real estate. It describes the course of construction project in the perspective of the developer. The final part is focused to an economic evaluation of the project, determining the profitability of rental and sale of individual parts of the building
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Havránková, Jana. "Zohlednění marketingových aspektů při prodeji nemovitosti." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2019. http://www.nusl.cz/ntk/nusl-399648.
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Thesis is focused on "Taking into account the marketing aspects in the sale of real estate" and deals with the current situation of the real estate market in the Czech republic with an emphasis on marketing at the point of sale recruitment of real estate. The situation of the real estate market is compared with the designated area for the marketing research, therefore, district Vyškov. In the framework of the marketing research was carried out analysis of the real estate agents and their customers by using questionnaires. On the basis of the results of the analysis were designed marketing strategies for sales and recruitment of individual types of real estate. The diploma work has two parts theoretical and practical. In the first part I deal with the specifications of the basic concepts related with marketing, in the second part is already applied marketing research in practice. In conclusion are given suggestions and recommendations for improvement.
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Petrova, Milena T. "Do buyer and seller motivations affect transaction prices in commercial real estate markets? evidence from tax-deferred exchanges and other conditions of sale /." [Gainesville, Fla.] : University of Florida, 2006. http://purl.fcla.edu/fcla/etd/UFE0015580.
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Persson, Klara, and Gabriella Olofsson. "Början på allmännyttans väg mot affärsmässighet? : Allmännyttiga fastighetsbolags strategiska planering av sitt fastighetsbestånd." Thesis, Halmstad University, School of Business and Engineering (SET), 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:hh:diva-5289.
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1 juli 2007 upphörde tillståndsplikten att gälla i Sverige och allmännyttiga bostadsföretag undslapp att ansöka om tillåtelse hos Länsstyrelsen för försäljning av företagets fastigheter. I spåren av detta öppnades möjligheten för företagen att i större utsträckning planera sitt fastighetsbestånd, och därmed även företagets och kommunens ekonomi. Syftet med vår studie är att beskriva allmännyttiga bostadsföretags ekonomiska planering av sitt fastighetsbestånd, förklara huruvida upphävandet av tillståndsplikten har påverkat planering och motiv för försäljning. Dessutom vill vi belysa allmännyttans tankar kring den nya lagstiftningen som är på gång genom att arbeta utifrån frågeställningen nedan:
Hur planerar allmännyttiga bostadsföretag sitt fastighetsbestånd, hur har borttagandet av tillståndsplikten påverkat och hur kommer den nya lagen som ska ersätta allbolagen påverka allmännyttan och dess planering?
För vår studie har vi valt en kvalitativ ansats och genomfört intervjuer med tio olika allmännyttiga bostadsföretag i olika län i Sverige. Vi har samlat teori inom ämnena allmännyttan, tillståndsplikten och om den nya lagen som ligger som förslag hos riksdagen, Prop. 2009/10:185, och ska eventuellt börja gälla 1 januari 2011. Dessutom har vi tittat på teorier angående olika företagsekonomiska modeller och strategier som används för optimal fastighetsplanering. Vid sammanställningen av vår studie ser vi att företagens användning av strategier skiljer sig i stor omfattning. MKB Fastighets AB hyser största omsorg över sitt bestånd genom att planera och analysera, medan några av de andra intervjuade företagen i större utsträckning styrs av influenser på dagens marknad. Företagen är dock överens om att tillståndsplikten inte har påverkat dem nämnvärt och vid intervjutillfällena upplever vi en genomgående positiv förväntan på det nya lagförslaget, och vad som kanske blir början på allmännyttans väg mot affärsmässighet.
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Vencálková, Ludmila. "Analýza realitního trhu v ČR a ve Francii se zaměřením na rezidenční objekty." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2017. http://www.nusl.cz/ntk/nusl-367504.
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This diploma thesis deals with the analysis of the real estate market in the Czech Republic and France with a focus on residential buildings, namely sale and rental of flats. The diploma thesis describes the basic concepts and methods used in real estate valuation in the Czech Republic and France. It also analysis database creation and market segmentation of selected localities. Consequently, both real estate markets will be compared.
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So, Hok-lai. "Politicisation of housing issues in Hong Kong." [Hong Kong : University of Hong Kong], 1995. http://sunzi.lib.hku.hk/hkuto/record.jsp?B14777435.
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Olsson, Frida. "Alternativa finansieringsmöjligheter av företagsfastigheter." Thesis, KTH, Fastigheter och byggande, 2015. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-170750.
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Hayder, Bourguiba Neil. "Avyttringar av kommunala fastigheter, vilka fastigheter säljer kommunen och vilka konsekvenser kan det få?" Thesis, KTH, Fastigheter och byggande, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-280793.
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Detta arbete analyserar Uppsala och Göteborgs kommunala fastighetsförsäljningar och konsekvenserna som dessa försäljningar kan ha för kommunerna. Uppsala och Göteborgs kommun har båda låga självfinansieringsgrader och därför är ett av deras mål att öka denna. För att kunna uppnå målet kommer de båda kommunerna att genomföra försäljningar av kommunala fastigheter. De fastigheter som kommunerna har bestämt att avyttra är övervägande kommersiella fastigheter men även en del samhällsfastigheter.Uppsala avser att sälja större strategiska fastigheter som innehåller köpcentrum medan Göteborg säljer icke sammanhängande fastigheter som inte anses vara strategiska. Uppsalas försäljning är tre gånger större än Göteborgs sett till yta, och kvadratmeterpriset är högre.Därför får Uppsala in cirka fem gånger högre intäkter än Göteborg. Dessa försäljningar kan få olika tänkbara konsekvenser för kommunerna beroende på vilken typ av fastighet som säljs. Vid försäljningen av kommersiella fastigheter kan mervärdet väl uppväga risken. I Uppsalas fall säljs stora och viktiga fastigheter som är delar av kommunens nysatsning. Om fastigheterna köps och förvaltas av rätt aktör kan fastigheterna lyfta attraktiviteten i hela kommunen.Dessutom ökar konkurrensen på marknaden och det frigörs tid som kommunen kan göra annat med.Göteborg säljer mindre, icke strategiska fastigheter och uppsidan för kommunen är inte lika stor som för Uppsala, men de tar betydligt mindre risk och en svag köpare skulle inte påverka kommunen lika negativt som i Uppsalas fall. Negativa effekter som denna försäljning kan ha är förlorade stordriftsfördelar då fastigheten byter ägare. Kommunerna förlorar även kontroll över fastigheterna i och med ägarbytet. När det gäller samhällsfastigheterna så skulle ett gynnsamt upplägg vara att de säljs men att kommunen sedan hyr tillbaka dem. Då får kommunen in kapital och andra positiva effekter kan uppstå såsom ökad flexibilitet och lägre hyror. Transaktionens utfall beror helt och hållet på avtalets utformning. Det är därför av största vikt att kommunen är noggrann när den skriver avtal.This work analyzes Uppsala and Gothenburg's municipal property sales and the consequences that these sales may have for the municipalities. The municipalities of Uppsala and Gothenburg both have low self-financing rates and therefore one of their goals is to increase this. In order to achieve the goal, the two municipalities will carry out sales of municipal properties. The properties that the municipalities have decided to sell are predominantly commercial properties but also some community properties. Uppsala intends to sell larger strategic properties that contain shopping centers, while Gothenburg sells non-contiguous properties that are not considered strategic. Uppsala's sales are three times larger than Gothenburg's in terms of area, and the price per square meter is higher. Therefore, Uppsala receives about five times higher revenues than Gothenburg. These sales can have different possible consequences for the municipalities depending on the type of property being sold. When selling commercial properties, the added value may well outweigh the risk. In Uppsala's case, large and important properties are sold that are part of the municipality's new investment. If the properties are bought and managed by the right player, the properties can raise the attractiveness of the entire municipality. In addition, competition in the market increases and time is freed up that the municipality can do other things with. Gothenburg sells smaller, non-strategic properties and the upside for the municipality is not as great as for Uppsala, but they take significantly less risk and a weak buyer would not affect the municipality as negatively as in Uppsala's case. Negative effects that this sale can have are lost economies of scale when the property changes owners. The municipalities also lose control of the properties as a result of the change of ownership. When it comes to community properties, a favorable arrangement would be that they are sold but that the municipality then rents them back. Then the municipality receives capital and other positive effects can arise such as increased flexibility and lower rents. The outcome of the transaction depends entirely on the design of the agreement. It is therefore of the utmost importance that the municipality is careful when writing agreements.
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Ostertágová, Petra. "Činnost realitní kanceláře (vybrané účetní a daňové problémy)." Master's thesis, Vysoká škola ekonomická v Praze, 2010. http://www.nusl.cz/ntk/nusl-75618.
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The thesis provides basic information on the activities of real estate agent, including accounting and tax solutions for selected topics. The thesis is divided into four chapters. The first chapter describes the real estate market with its basic elements. The second chapter examines the regulation of real estate activities in the Czech Republic and selected legislation relating to contracts in real estate. The section focusing on accounting transactions are shown as a result of the major real estate services, namely, the purchase, sale, rental properties and brokering. The last chapter deals with tax issues, which are selected from the provisions relating to real estate activities.
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Canesi, Rubina. "Il valore cauzionale e il valore di vendita forzata nel mercato del credito fondiario e delle aste immobiliari." Doctoral thesis, Università degli studi di Padova, 2014. http://hdl.handle.net/11577/3423831.
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In the last ten years, in Italy, there has been a steady increase in enforcement proceedings which culminate in real estate auction. There has been a reduction of proceedings in the last two years, this turnaround was not able to absorb the previous oversupply, as demand steadily declining. Sale timing and discounts from the list prices have increased. Few researchers have studied the Italian real estate forced sale market until now, because of the reduced volume of sales and the small number of stakeholders. This type of market and its balance between supply and demand is an interesting and innovative study.
This research analyzes the discount-premium in auction market. It calculates the difference between the estimated value of the property, which coincides with the listing price, and the price of final adjudication.
This difference helps us to construe more accurately the meaning of forced sales value in relation to the market value, which has not been well defined yet in literature, neither the national nor the international one.Negli ultimi dieci anni si è riscontrato quasi un costante aumento delle procedure esecutive che si formalizzano con l’atto conclusivo dell’asta immobiliare. Da due anni a questa parte si può notare una lieve inversione di tendenza, causata in parte dalla volontà degli istituti di credito di ricercare strade alternative, che però non è riuscita ad assorbire il precedente eccesso di offerta, rispetto alla domanda costantemente in calo. I tempi di vendita si sono quindi dilatati e gli sconti sul valore a base d’asta sono aumentati, rendendo necessario uno studio più approfondito del settore, fino a oggi considerato di nicchia, sia per il volume delle compravendite sia per il ridotto volume dei soggetti interessati. Il lavoro di ricerca proposto analizza lo sconto-premio che si ottiene dall'aggiudicazione dell’asta. Si determina quindi il divario esistente tra il valore di stima dell’immobile, coincidente con il prezzo a base d’asta, e il prezzo di aggiudicazione finale. Tale differenza ci aiuta a interpretare e quindi a formalizzare più correttamente il valore di vendita forzata in relazione a quello di libero mercato, rapporto sinora non ancora ben definito ne dalla letteratura nazionale ne da quella internazionale.
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Martel, Jean-Jacques. "La valeur venale ou locative des biens, droits immobiliers ou droits sociaux : une conception juridique pour une concretisation economique." Thesis, Lille 2, 2016. http://www.theses.fr/2016LIL20018/document.
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La valeur vénale et locative se définit en droit, en jurisprudence et en doctrine, mais elle se concrétise en économie…C’est toute l’ambiguïté et la différence entre une valeur et un prix.A l’inverse de l’agent immobilier qui se focalise sur le prix du bien qu’il envisage de vendre, l’expert se concentre sur l’objectivation juridique d’une valeur qu’il va déterminer en s’appuyant sur la comparaison des prix dont il va avoir connaissance.Depuis plus d’une dizaine d’années, j’ai essayé à travers mes différentes recherches, enseignements et publications d’éclaircir les problématiques juridiques, économiques, techniques et maintenant écologiques, liées à la valeur vénale ou locative.J’ai pu publier une cinquantaine de contributions sur des sujets transversaux.Mon projet de thèse sur travaux envisage d’effectuer la synthèse de ces travaux en approfondissant et en complétant certains sujets, en explorant les nouvelles problématiques environnementales et en examinant les possibilités de transposition dans notre droit interne des nouvelles directives européennes liés à l’évaluation immobilièreMarket and rental value is defined in law, in jurisprudence and in doctrine, but is put into concrete form in economics.There in lies the ambiguity of the difference between value and price.Unlike the estate-agent, who focuses on the price of the property he plans to sell, the real estate valuer concentrates on the juridical objectification of the value, which he will determine by comparing the prices which he has knowledge of. For over ten years I have been trying, through my various research projects, teaching and publications, to throw some light on the juridical, economic, technical and now environmental issues linked to market and rental value.I have published some fifty papers on cross-discipline subjects.In my thesis project I plan to synthesize this work, going more deeply into certain subjects and adding to them, exploring the new environmental issues and examining the possible ways in which the new European directives concerning real-estate appraisal could be transposed into our domestic law
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Brito, Alexander. "Behovet av en avskalad mäklartjänst : Behöver traditionella mäklare anpassa sin mäklartjänst?" Thesis, KTH, Fastighetsföretagande och finansiella system, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-296519.
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Bakgrund: Hela 2000-talet har gått präglats av en intensiv digitalisering. Detta har påverkatmånga branscher. Fastighetsmäklarbranschen har haft en trög utveckling relativt till singrannbransch, finansbranschen. Tidigt under 2000-talet dök flertalet verksamheter som hadevisionen att digitalisera mäklarbranschen ytterligare och göra den mer effektiv. Dessa aktörerkan ha varit alldeles för tidigt ute på bollen. De inte har utvecklats och vuxit som mångatrodde. Marknaden verkade inte vara redo för en mer digital bostadsaffär. Den analogamäklaren har således vuxit och fler människor i Sverige väljer att anlita en när man ska säljasin bostad. Syfte: Studiens syfte är att undersöka om det finns ett behov för traditionellafastighetsmäklarföretag att börja erbjuda en avskalad mäklartjänst likt de digitala mäklarnastjänst i syfte att möte en eventuell konkurrens från dessa aktörer. Metod: Studien utgår från en blandning av en kvalitativ och kvantitativ studie utifrån endeduktiv ansats. Det vill säga att studien från den sekundära data som har samlats in i deinledande avsnitten när det empiriska resultatet, den primära data, samlades in. Denna databestår av svar från intervjuer som gjordes via telefon som sedan analyserades och ställdes motden sekundära data för att bekräfta eller säga emot den. Detta är således en komparativ metod. Resultat och slutsats: Resultaten pekar mot att det i dagsläget inte är nödvändigt förtraditionella fastighetsmäklarföretag att hitta snabba lösningar för att möta konkurrensen fråndigitala mäklare. Detta eftersom de digitala mäklarföretagen inte är definitiva konkurrenter,utan endast substitut till den traditionella mäklartjänsten. Däremot visar resultaten att de precisnämnda resultaten inte är något för traditionella mäklare att luta sig tillbaka på. Det är såledesendast en tidsfråga innan mäklarbranschen blir mer digitaliserad och kommer kräva att allaaktörer anpassar sig. Studiens bidrag: Studien ger en djupare förståelse över de digitala mäklarnas situation ochdess konkurrenskraft. Studien har bidragit med att ge en inblick i hur mäklartjänsten kommerbehöva utvecklas och vad som kommer att behövas för att det ska bli en lyckad mäklartjänstmed digitala spår. Framtida forskning: Ett förslag på framtida forskning i ämnet är att undersöka vad somkommer krävas av den mer digitala mäklartjänsten för att lyckas inge tryggheten som är såviktig för konsumenterna. Ett annat förslag är att undersöka detta på internationell nivå, dådenna studie har avgränsats till den svenska mäklarbranschen.Background: During the 2000s the world has undergone an intensive digitalization. However,the real estate industry has developed slowly relative to the financial industry. In the early2000s, several digital brokerage firms appeared with the goal to further digitalize the Swedishreal estate industry. These firms may have been too early because the industry did not seemmature enough. The industry did not seem ready for a more digital housing transaction. Theanalogue broker has thus grown and more people in Sweden choose to hire one when sellingtheir home. Aim: The purpose of the study is to investigate whether there’s a need for traditional realestate companies to start offering a stripped-down brokerage service like the digital brokers’service, in order to meet any competition from the digital brokers. Method: The study is based on a mixture of a qualitative and a quantitative study based on adeductive approach. That is, the collected empirical results, the primary data, where based onthe secondary data that has been collected in the introductory sections. The primary dataconsists of responses from interviews conducted by telephone which were then analyzed andset against the secondary data confirm or contradict it. This is thus a comparative method. Result and conclusion: The results indicate that it is currently not necessary for traditionalreal estate companies to find quick solutions to meet the competition from digital brokers.This is because digital brokerage firms are not definitive competitors, but only substitutes forthe traditional brokerage service. However, the results show that the just mentioned results arenot something for traditional brokerage to lean on. It is thus only a matter of time before thebrokerage industry becomes more digital and will require all firms to adapt. Contribution of the thesis: The study provides a deeper understanding of the situation of thedigital broker and its competitiveness. The study has helped to provide an insight into how thebrokerage service will need to be developed and what will be needed for it to be a successfulbrokerage service a digital track. Future research: A proposal for future research in the subject is to investigate what will berequired of the more digital brokerage service in order to succeed in providing the security thatis so important to consumers. Another proposal is to investigate this at an international level,as this study has been limited to the Swedish brokerage industry.
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Hoduláková, Michaela. "Analýza realitního trhu s hostinskými zařízeními v Olomouci." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2018. http://www.nusl.cz/ntk/nusl-390153.
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The commercial real estate market is constantly changing and some developments can be observed in our approach to it. Like every other market, this market is also dependent on the existence of supply and demand. The diploma thesis "Analysis of the Real Estate Market with Catering Facilities in Olomouc" deals, as the name suggests, with the analysis of the real estate market with catering facilities in the statutory and university city of Olomouc. It solves especially the survey and analysis of the market with a focus on the sale and rental of catering facilities (such as restaurants, bars, pubs, cafes, etc.). Further, based on the analysis of this segment of the real estate market, this thesis determines the factors which influence market prices and market rents and it describes the way of their influence.
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Šoulová, Eva. "Analýza realitního trhu s hostinskými zařízeními v Hradci Králové." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2017. http://www.nusl.cz/ntk/nusl-316945.
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The diploma thesis deals with the analysis of the real estate market with restaurant premises in Hradec Kralove. The aim is to determine the factors influence the market price or market rent of this segment of the real estate market. The theoretical part defines basic terms related to the topic of the thesis. The practical part of the thesis consists of two parts. The first part was done a survey, which took place between the operators of restaurant premises. The second part compares and evaluates database sales and rentals of restaurant premises in Hradec Kralove.
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So, Hok-lai, and 蘇學禮. "Politicisation of housing issues in Hong Kong." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 1995. http://hub.hku.hk/bib/B31967802.
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Novák, Matúš. "Marketing v realitnom obchode." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2013. http://www.nusl.cz/ntk/nusl-224006.
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Diplomová práca sa zaoberá návrhom marketingovej stratégie pre regionálnu realitnú kanceláriu, ktorá bude viesť k presadeniu sa na trhu a odlíšenia sa od konkurencie. Autor analyzuje miestny trh s nehnuteľnosťami, konkurenčné prostredie a vhodné marketingové stratégie a aplikuje získané poznatky vo vlastnej firme.
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Douadjia, Menad. "Le conseil patrimonial immobilier : essai sur le devoir de conseil et l'opération de vente d'immeuble." Electronic Thesis or Diss., Tours, 2023. http://www.theses.fr/2023TOUR1002.
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Jusqu’à ce jour, le conseil patrimonial immobilier n’a pas fait l’objet de travaux particuliers, à notre connaissance, en droit français. Cette thèse est dédiée plus particulièrement à une étude d’ensemble du devoir de conseil en matière immobilière. L’objectif est de démontrer l’indépendance du devoir de conseil, c’est-à-dire de prouver son autonomie en tant que notion juridique. La principale difficulté réside dans sa définition. Traditionnellement qualifié comme un degré plus poussé du devoir d’information et présenté comme différent du devoir de mise en garde, ce devoir se caractérise essentiellement par la qualité exclusive de son débiteur qui doit obligatoirement être un professionnel spécialisé dans un domaine spécifique ayant trait à l’immobilier. Par conséquent, en dehors de cette qualité, un tel devoir de conseil ne se retrouve pas. De prime abord, ce travail est limité à l’opération de vente d’immeuble. A ce titre, le débiteur est tenu d’orienter et de guider son client que ce soit dans le cadre d’un contrat principal de vente d’immeuble, source du devoir de conseil, ou d’un contrat de prestation de service, qui a pour objectif principal la conclusion de la vente d’immeuble. En théorie, la définition de ce devoir de conseil semble être claire et précise. En pratique, toute la difficulté réside dans la détermination de ses frontières qui le distinguent des autres degrés de l’information. Pour mener ces travaux de rechercher, il a été procédé d’abord à une analyse des arrêts de la Cour de cassation qui démontrent les différentes dimensions de ce devoir en fonction de son contenu extensible et de son intensité variable. Cette analyse a mis en évidence la fonction constante du devoir de conseil qui se fortifie en raison de son essence. Ce procédé a permis ensuite de déterminer les critères principaux qui caractérisent ce devoir du professionnel et d’examiner sa portée dans les différentes étapes de la vente d’immeuble. Ce procédé permet de s’interroger sur l’émergence d’une conception autonome du devoir de conseil qui changerait de dimension lorsqu’il porte sur toute la matière immobilièreUntil now, as far as I know, no particular work has been carried out on real estate advice in French law. This thesis is intended for in particular to an overall study of the duty of advice in real estate matters. The objective of this thesis is to demonstrate the independence of the duty of advice and to prove its autonomy as a legal concept. The main difficulty lies in its definition. Traditionally referred to as a higher level of information and presented as a different level of warning, which is also considered a level of information. This duty is essentially characterized by the exclusive quality of its debtor who must be a professional specialized in a specific field relating to real estate. Therefore, we cannot speak of such duty apart from this quality. At first sight, this work is limited to the operation of sale of building. As such, the debtor is required to direct and guide his client, whether in the context of a main contract for the sale of property, the source of the duty to advise, or a contract for the provision of services, which has as its main objective the conclusion of a contract for the sale of real estate. In theory, the definition of the duty of advice, in particular that inherent in the sale of real estate, seems to be clear and precise. In practice, all the difficulty lies in determining its boundaries that distinguish it from other degrees of information. To do this research works, it was first proceeded to a preliminary analysis of the judgments of the Court of Cassation, which demonstrates the different dimensions of this duty according to its extensible content and its variable intensity. This analysis has made in evidence the constant function of the duty of advice which can be fortified more and more because of its essence. This process then made it possible to determine the main criteria that characterize this professional’s duty and examine its scope in the different stages of the building sale. This same process allows to wonder about the emergence of an autonomous conception of the duty of advice which may change its dimension when it covers all real estate matters
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Donner, Herman. "Two Essays on Sales of Distressed Real Estate." Licentiate thesis, KTH, Bygg- och fastighetsekonomi, 2015. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-179234.
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As households across large parts of the world are increasingly leveraged, an understanding of the risks and consequences associated with household credit default is of great importance. This thesis consists of two essays with a focus on foreclosed residential properties. More specifically, the market of such sales and the impact on sale price caused by such a sale mechanism as compared to sales on the general market. Research on foreclosed properties is primarily based upon U.S. data; this thesis therefore adds research in an institutional setting having received little previous attention. The first essay is co-authored with Han-Suck Song and Mats Wilhelmsson. A spatial hedonic model is applied on transaction data of apartments and single-family houses sold in Stockholm, Sweden, during the period of 2006 to 2013. Discounts on price of 20.1% and 24.6% are estimated for foreclosed apartments and single-family houses, respectively. Apartments that have been sold due to a lost membership in the housing association to which the apartment belongs are sold at a 29.1% discount. The larger discount is a likely consequence of such sales being restricted in the number of attempted auctions. The second essay applies propensity score matching ontransaction data and repeat-sales data of single-family houses sold in Stockholm, Sweden, during the period of 2005 to mid-2014. A 5.2 times higher rate of turnover subsequent of a foreclosure as compared to similar properties sold on the general market indicates that professional buyers are taking advantage of a discount on price. Further support towards that foreclosed properties are sold at a discount is found by estimation of holding period returns. Foreclosed properties are found to experience a 10.7% to 7.6% lower annualized return prior to a foreclosure, during a mean holding period of 4.3 years. Subsequent of a foreclosure, buyers earn a 37.7% to 48.6% higher annualized return, during a mean holding period of 1.2 years, as compared to return sachieved by those having bought similar properties on the general market. As 15.4% of foreclosed properties have been bought by a buyer having bought more than one such property, a lack of competition provides a possible explanation for lower sale prices.QC 20151214
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Rawlins, Laura Cooley. "Burning down the House: Emotional Labor, Burnout and Real Estate Sales Professionals." TopSCHOLAR®, 2008. http://digitalcommons.wku.edu/theses/20.
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Orlová, Lenka. "Cohousing jako developerský projekt." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2017. http://www.nusl.cz/ntk/nusl-317080.
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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.
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Dolan, Amelia Jane. "Luxury condos : an analysis of sales price and hotel amenities in Manhattan." Thesis, Massachusetts Institute of Technology, 2011. http://hdl.handle.net/1721.1/68191.
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Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Program in Real Estate Development in Conjunction with the Center for Real Estate, 2011.This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.
Cataloged from student-submitted PDF version of thesis.
Includes bibliographical references (p. 52-53).
The purpose of this research project is to examine the market pricing behavior of condos with hotel amenities in the Manhattan condo market. To do this, data was compiled from multiple sources to track variations in price paid per square foot controlling for whether the unit was part of a building with hotel amenities, among other things. Prices were tracked from 2004 through 2011 to capture the peak and fall of the most recent real estate cycle, during which luxury branded condos with hotel amenities saw a surge in popularity. The resulting analysis reveals a number of buyer preferences for building attributes as well as unit attributes. To determine the value of each attribute, the regression controls for variables such as neighborhood, floor on which each unit is located, maintenance fees per square foot and bedrooms and baths. The results of this analysis reveal that buyers are willing to pay a premium for units in buildings which have been branded. It also reveals that, controlling for all other variables, buyers do not value hotel amenities as part of the branded package. The timeliness of this research given the current surplus of unsold luxury condos should help developers responsible for the disposition of these assets by providing quantitative data to support the market and financial analysis tools already at their disposal. While this data focuses on the Manhattan condo market, the analysis and process can easily be translated to other major markets making this paper applicable to a wide range of readers.
by Amelia Jane Dolan.
S.M.in Real Estate Development
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Buisine, Olivier. "Le sort des garanties réelles en cas de plan de cession." Thesis, Lyon 3, 2014. http://www.theses.fr/2014LYO30063.
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La cession est une solution incontournable du droit des entreprises en difficulté.Déterminer les droits des créanciers dans le cadre d’un plan de cession s’avère pourtant une tâche délicate.Le droit des entreprises en difficulté a fait l’objet de réformes importantes (loi du 26 juillet 2005, ordonnance du 18 décembre 2008 et ordonnance du 12 mars 2014 dans une moindre mesure).Dans le même temps, le droit des sûretés subissait des évolutions nombreuses (ordonnance du 23 mars 2006, loi du 19 février 2007, loi du 04 août 2008, ordonnance du 30 janvier 2009) mais parcellaires, preuve du manque de cohérence du législateur en la matière.Les réformes du droit des entreprises en difficulté et du droit des sûretés ont révélé l’absence de ligne directrice claire en ce qui concerne l’articulation de ces deux droits. Les réformes du droit des entreprises en difficulté et du droit des sûretés aboutissent à un enchevêtrement des textes, rendant leur application particulièrement complexe.Les nombreuses interrogations tant théoriques que pratiques créent une insécurité juridique.Dès lors, en me basant notamment sur les difficultés rencontrées dans le cadre de mon activité professionnelle ou sur celles pointées du doigt par la doctrine et les commentateurs de textes, consécutives aux évolutions législatives récentes, l’objectif de ce travail de recherche est de procéder à des recommandations à l’endroit des professionnels ainsi que de réaliser des propositions visant à un meilleur équilibre des intérêts en présenceThe sale of a business is one of the most important insolvency solutions.However it’s a hard task to determinate creditor’s rights under these circumstances.Insolvency law has deeply changed consequently to main reforms (Act of July 26, 2005 called the “Safeguard Act”, Order of December 18, 2008 and to a lesser extent Order of March 12, 2014).At the same time, guarantee law has been modified by lots of reforms too (Order of March 23, 2006, Act of February 19, 2007, Act of August 4, 2008, Order of January 30, 2009).These reforms were fragmented. Furthermore they have been built without guideline. As a result, the articulation between insolvency law and guarantee law is very difficult.The theoretical and practical questions generate a real legal insecurity.The goal of this research work is to make insolvency practitioners propositions based on, amongst others, doctrine’s comments and criticism. The objective of these propositions is to establish a better balance between the pluralities of interests involved
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McGowan, Jacob. "How Has the Growth of E-commerce Sales Affected Retail Real Estate?" Scholarship @ Claremont, 2019. https://scholarship.claremont.edu/cmc_theses/2189.
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Abstract
This research paper tracks the growth of e-commerce retail sales from 2000 through 2018 to see if the emergence of e-commerce has affected the retail real estate market in any way. With many stores now offering online shopping and many large retailers contemplating lowering their presence in brick and mortar stores, this question is relevant now more than ever. In order to test for the correlation between e-commerce retail sales growth and the retail real estate market, a collection of retail real estate factors are investigated. This paper tests retail real estate factors at the United States country level and a more in-depth city level that investigates 66 individual cities nationwide.
In the OLS modeling, these retail variables represent my dependent variables. These dependent variables were then regressed on a yearly basis against total e-commerce retail sales and a vector of control variables. The results show that returns of the NCREIF property index, asking rent, and percent change in commercial real estate prices for the U.S. are negatively impacted by total e-commerce retail sales. These results indicate that the growth of e-commerce retail sales has negatively impacted the retail real estate market to some degree. This correlation can have long term impacts on the survival of many retail businesses and can eventually affect the economies of small towns and cities across the country. If physical retail locations begin to suffer, other local stores and restaurants will likely suffer as well, eventually impacting the economy on a larger scale.
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Cornelius, Raven. "Strategies for Residential Real Estate Professionals to Mitigate Declining Sales." ScholarWorks, 2018. https://scholarworks.waldenu.edu/dissertations/5174.
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Real estate sales significantly declined during and after the 2008 mortgage crisis. In the United States, real estate sales dropped 35% after the mortgage crisis. Guided by the attention, interest, desire, and action (AIDA) model, the purpose of this multiple case study was to explore the strategies successful residential real estate organization managers use to mitigate sales decline in a postrecession environment. Three residential real estate organization managers in Southern Maryland and Northern Virginia participated in semistructured interviews. These participants are currently selling homes, worked in the real estate market before the 2008 mortgage crisis, and developed successful strategies to mitigate declining sales in a postrecession environment. The data collection process for this study included the semistructured interviews, review of archival documents, and member checking to explore successful strategies for mitigating declining sales for residential real estate organization managers. The data analysis included data coding, organizing, and making conclusions with the use of Yin's 5 phase process. During analysis, the 4 themes to emerge were customer service, consistent work ethic, innovation, and market specialization. By implementing the identified successful sales strategies, these residential real estate organization managers were able to mitigate a decline in sales in a postrecession environment. Real estate professionals may use these findings to decrease the delays in the home buying process and increase employees' sales performance. More home sales can improve local economies and the welfare of communities.
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Tung, Edward C. (Edward Chenyee). "The drivers of retail performance : the true value of online and in-store sales in an evolving retail industry." Thesis, Massachusetts Institute of Technology, 2018. http://hdl.handle.net/1721.1/120644.
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Thesis: S.M. in Real Estate Development, Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate, 2018.Cataloged from PDF version of thesis.
Includes bibliographical references (pages 59-62).
This thesis examines the spatial and operational efficiencies of major US retailers in relation to their physical real estate and e-commerce footprints. The continued rise of e-commerce has altered the dynamics of the retail industry in such a way that has forced retailers to drastically reallocate their resources to stay profitable. One of the biggest questions modern retailers face is how much traditional brick and mortar retail space should be retained as opposed to other resources dedicated to delivered goods, which can include inventory warehouses, distribution centers, fulfillment locations, or simply a strengthened online presence. To shed light on this issue, we conduct a cross-sectional analysis that investigates the leading factors shaping retailer efficiency and effectiveness using performance data from over 120 of the largest retail companies currently operating in the United States. The results show that e-commerce sales, indirect sales, and gross margin have positive correlations to distribution space share, employment efficiency, and spatial efficiency and have negative correlations to total cost share, labor cost share, and space cost share. We also determine that indirect sales and gross margin have no correlation to e-commerce sales and accumulated store square footage. By understanding the drivers behind retailer performance, new insight for the outlooks of both retail and industrial real estate asset classes can be gleaned, which can prove to be beneficial to retailers, landlords, and developers alike.
by Edward C. Tung.
S.M. in Real Estate Development
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Jin, Changha. "The Impact of Local Media Pessimism on Residential Real Estate Markets." Digital Archive @ GSU, 2009. http://digitalarchive.gsu.edu/real_estate_diss/5.
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This study uses content analysis and a controlled experiment as data generation methods to investigate the precise nature of the largely unexplored relationship between the content of real estate news and activities in the real estate market. The theoretical base of the research is Kahneman’s two system view (2003) of cognitive processing, which is applied to an individual’s decision-making about the residential real estate market. The affect heuristic provides the theoretical basis for studying the relationship between the emotional content of local media information and decision making in the residential real estate market. The research question seeks to measure the “framing effect” of news on real estate market activity. It is posited that the way local real estate news is framed will influence transaction prices and the number of pending sales. A behavioral approach is utilized to understand the underlying relationship between a residential real estate market and a news article to audiences; an effect called frame setting. It is conjectured that when media coverage about the real estate market is negative there is more downward pressure on the market compared to when media coverage is more objective and includes descriptive statistics on the current real estate market.
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Kass, Hunter L. (Hunter Lindsay). "The luxury second home market : an analysis of historical sales and property data at The Greenbrier Resort (White Sulphur Springs, WV)." Thesis, Massachusetts Institute of Technology, 2011. http://hdl.handle.net/1721.1/68185.
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Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Program in Real Estate Development in Conjunction with the Center for Real Estate, 2011.This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.
Cataloged from student-submitted PDF version of thesis.
Includes bibliographical references (p. 54-55).
The global economic expansion and subsequent creation of wealth as well as increased purchasing power and disposable income has contributed to the growth in the secondary home market. Over the past decade developers that cater to such discerning buyers have focused significantly on bringing to market products that will meet the wants, needs, and expectations of their target customers. Despite the significant growth in the secondary home market and general infatuation that most individuals have with real estate, there are limited studies that analyze the second home market. Instead most research has focused on the commercial and primary home real estate markets. This study examines a specific development, The Sporting Club at The Greenbrier Resort in White Sulphur Springs, WV. The study focuses on the residential home price transactions that occurred at The Greenbrier Resort since 1980. The data collected from the Greenbrier County Assessor!s Office will be used to derive a hedonic price equation. This equation will help to explain the value derived from key home attributes; beds, baths, home square footage, and location. Then a nominal and real price index will be constructed and used to understand the correlation between home prices and supply and GDP. The end goal is to calculate, through regression analysis, a price equation with the dependent variable price and independent variables of supply and demand (GDP) and a supply equation. The analysis has three conclusion sections. The first is the hedonic price equation that implies the law of marginal utility is recognized with respect to the number of bedrooms a home has and that any more than three a negative affect on price occurs. However, with respect to bathrooms, additional bathrooms do add to the price of the residence. The second and third conclusions are derived from time series equations. The first explains that for every increase by 1% in GDP the real price of a property increases by $4,332. The second equation tries to explain supply and concludes that a 5% increase in the real price index causes a 5.4% increase in supply or unit supply elasticity is observed. A recommendation for the owner/developer of The Greenbrier Sporting Club is to buyback vacant lots because currently 78% of the supply is in control of the owners. This phenomena will most likely lead to future price volatility as supply will be delivered to the market as families and speculators chose. In other words supply will not be delivered to the market at a rate that will stabilize prices.
by Hunter L. Kass.
S.M.in Real Estate Development
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Kong, Ai S. M. Massachusetts Institute of Technology. "Retail sales forecast : a cross sectional approach for real investment strategy." Thesis, Massachusetts Institute of Technology, 2008. http://hdl.handle.net/1721.1/58636.
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Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Architecture, Center for Real Estate, 2008.This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.
Includes bibliographical references (leaves 56-57).
The intent of this thesis is to identify the demand drivers for ten retail sub-categories in the US and develop an understanding of how to best use this information to make better retail real estate investment decisions. This cross sectional study analyzes sales per population, establishment per population, and sales per establishment based on six independent variables and the 2002 data set of 54 metropolitan statistical areas. The independent variables are population, employment per population, income per population, precipitation, temperature, and population growth. The first portion of this thesis is to analyze the demand drivers for each retail category and the degree of effectiveness of each variable on retail sales performance. The regression results of this study have clearly demonstrated a measurable demand for each retail category given the nature of each product type. The last aspect of this thesis is the development of an investment strategy that examines the predicted results versus the actual sales figures to see if a certain city is over saturated or under-supplied with retail establishments by category. By understanding what is the exact demand driver for each category, real estate investors are able to use this information efficiently to make informed investment decisions based on demand drivers as well as retail store supplies. This methodology provides a reasonable and well thought-out strategy to avoid unsuccessful investment outcomes.
by Ai Kong.
S.M.in Real Estate Development
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Lu, Jizi. "Effects of the Gender of the Real Estate Agents on House Prices." Scholarship @ Claremont, 2017. http://scholarship.claremont.edu/cmc_theses/1674.
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This paper studies the effects of the gender of the real estate agents on the closing price of residential, single-family homes in seven cities in east Los Angeles county from 2016 to 2017. We conduct two sets of regressions and find that contrary to previous studies, female listing agents outperform male listing agents. We also find that the gender of the buyer’s agents does not have significant effects on house prices. These results suggest that negotiation skills might not be the main key to explain the discrepancy of performance between male and female real estate agents.
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Kotrla, Tomáš. "Posouzení výhodnosti koupě bytové jednotky v lokalitě Brno Kociánka a Sadová." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2017. http://www.nusl.cz/ntk/nusl-319160.
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The diploma thesis deals with the issue of sale/lease of an apartment in the Královo Pole district cadastral area of Sadová. The main objective of the work was to find out the selling/rental price of the apartment unit in the new building, available 2+kk with standard equipment in Sadová. The price calculation was performed according to statutory regulations, standards and coefficients. At the same time, the price and quality levels of the offered housing units in the surrounding Brno localities were monitored and compared. The secondary objectives of the diploma thesis were the analysis of the housing market in Brno and its description including the preferences for the selection of the housing unit. The market indices used were used for the valuation of the dwelling unit and the price of the land included in the dwelling unit was included in the resulting price. The award was made by cost and comparison method. Sales/ rental pricing calculations were verified through direct comparison and Grubbs test. The rental method used to measure sales/rentals was used to determine the usual rent. In the last chapter of the analytical section, an appropriate procedure for purchasing a new dwelling unit was proposed.
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Wilde, David Patrick. "Portfolio sales of residential real estate in housing cooperatives specifics - trends - strategies." Hamburg Hammonia-Verl, 2008. http://d-nb.info/993338909/04.
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Bulut, Zeynep. "Real Estate Appraisal Methods And Their Application In Ankara." Master's thesis, METU, 2011. http://etd.lib.metu.edu.tr/upload/12613252/index.pdf.
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Real estate is one of the reliable and important investment types for individuals and institutions. Interest in the price appraisal of real estate has increased with rapid development of real estate sector and its legal infrastructure in recent years. Conducting planned urbanization, choosing settlement areas and estimating their inner or outer transport costs, improving capital markets transparency, and reliability require a reliable price valuation of real estate assets. Appraisal in real estate is also important for the tax income of the national budget. In this thesis, it is investigated appraisal methods that are used in various countries and valuation approaches and methods that are used in Turkey are reviewed. The value, in the appraisal reports, is estimated with three traditional approaches: Sales Comparison, Cost, and Income Capitalization. In this thesis, Hedonic Price Approach and the availability of the application of this method in practice are investigated within the framework of seeking an alternative method for appraisal beyond three traditional approaches.
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Poltash, Alex. "Repealing Section 1031: The Economic Impact." Scholarship @ Claremont, 2016. http://scholarship.claremont.edu/cmc_theses/1280.
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The purpose of this paper was to assess the impact of a modification and or repeal of section 1031 in the U.S. Tax code. Specifically, this paper focused on a "revenue-neutral" repeal effect in which the additional proceeds from the repeal of section 1031 would go towards decreasing the corporate income tax rate. Overall, the treasury would remain neutral. The implications of this potential repeal were wide. The macroeconomic effect on the economy appeared to be negative, all other things being equal. GDP is predicted to fall by .11% each year. Additionally, Investment will be negatively affected with the decreased liquidity of "exchangeable" assets due to longer holding periods of these assets. Investors should expect to hold these assets longer to decrease their effective tax rate over the life of the investment. Investment is predicted to decline by $7 billion. Real Estate will be the industry that will ultimately be affected the most by a repeal situation as the real estate sector uses like-kind exchanges more frequently than in any other industry. Overall, we can expect to see small declines in macroeconomic factors due to the repeal of this provision that has been benefiting investors for decades.
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Wright, Danika. "Heterogeneous asset pricing: An examination of the Australian residential real estate market." Thesis, The University of Sydney, 2010. http://hdl.handle.net/2123/6663.
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This thesis assesses the methods for pricing heterogeneous assets, with specific examination of the Australian residential real estate market. Each of the three primary methods for controlling for heterogeneity in residential real estate pricing research – median-price analysis, hedonic regression and repeat-sales regression – is susceptible to bias. This thesis represents the first broad study of the impact of these alternative methodologies on research outcomes. Methodological comparisons are made in the study of residential real estate market efficiency in Chapter 4. Using an extensive database of property sale and attribute data, indices are independently estimated following the three alternative methods, from which market efficiency, in its weakest form, is tested. Specifically, the autoregressive predictability and seasonality of returns is measured using Box-Jenkins methodology and regression analysis. Access to more comprehensive data than has previously been available to researchers enables the estimation of indices following the three alternative methodologies. This allows a controlled cross-methodology comparison of results and represents a major extension to the previous work into residential real estate market efficiency (Case and Shiller, 1989; Rosenthal, 2006). Furthermore, this study represents the first major study of weak-form efficiency and seasonality in returns to the major Australian property markets of Sydney and Melbourne. The results indicate that a predictable autoregressive lag structure exists in the returns, thus rejecting the hypothesis of market efficiency in the Australian residential real estate market in its weakest form. There is, however, no deterministic monthly seasonality in returns although the results from the alternative indices are not consistent. Median-price index returns, for example, exhibit significant heterogeneity-induced seasonality and negative first-order autocorrelation. This contrasts with the returns to the repeat-sales index, which exhibit significant positive first-order autocorrelation. Chapter 5 examines the effect of sample selectivity in the presence of asset heterogeneity on hedonic pricing models. A substantive literature has demonstrated the existence of a price impact to properties sold by auction relative to those that sell by private treaty (Dotzour et al., 1998; Lusht, 1996; Mayer, 1998). The work presented in this thesis extends the research in several ways. Firstly, sample selectivity between sale methods is tested and controlled for using the Heckman two-stage procedure and a matched sampling technique. Secondly, a larger sample of sales than has previously been considered is fitted to a more completely specified hedonic function. This is made possible by access to a database containing the virtual population of sales from the Sydney house market. Finally, this represents the most thorough study of the impact of auctions on prices in the Australian market. Using selectivity-corrected regression analysis, it is found that the auction sale mechanism has no effect on prices in the Sydney house market. This runs contrary to the results of past research in the Australian and New Zealand residential real estate markets which document a price premium (Dotzour et al., 1998; Lusht, 1996). Unadjusted hedonic-regression analysis is also performed, the results of which support an auction premium. This difference in results demonstrates the selectivity bias which has influenced past research, and a further methodological issue in pricing heterogeneous assets. The pricing and performance of new properties is considered in Chapter 6. This is a further examination of the ability of hedonic pricing models to counter sample selectivity. Sample selectivity-controlled methods are applied to a comprehensive sample of sales from the Perth residential real estate market. Differences in attributes between the sample of new and existing properties are observed. After controlling for this sample selectivity, the results indicate a significant price premium to new houses and units of around 10% and 7%, respectively. An examination of the returns to new properties at their first subsequent sale, however, demonstrates significant underperformance of new residential real estate assets relative to the market. This is the first study to empirically and theoretically assess the pricing of new residential real estate assets. Finally, Chapter 7 applies alternative index estimation methodologies to a study of the value of public and private information in the residential real estate market. Heterogeneity in the market is a major source of information asymmetry. Indices for the Sydney residential property market are estimated from lead sources of information, both public (newspaper reporting and advertisements) and private (agents’ sales records). Correlation and regression analysis demonstrates that private information is a strong predictor of movements in an index estimated from the population of sales, in line with a priori expectations. This is the first study to assess the value of information in this market and represents a new direction for residential real estate research, particularly as housing derivatives markets continue to evolve.
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Wheatley, David E. "The Effects of Locus of Control on Real Estate Agent Job Satisfaction, Turnover, and Sales Performance." Xavier University / OhioLINK, 2013. http://rave.ohiolink.edu/etdc/view?acc_num=xavier1511267630463226.
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Lin, Devin Sen, and 林森. "Regulation of sales descriptions and information disclosure in off-plan sales in Hong Kong." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2012. http://hub.hku.hk/bib/B50491283.
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Aziz, Thomas. "EVAM, A New Revolutionary Ratio?" Thesis, KTH, Bank och finans, 2011. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-89831.
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Purpose: To investigate the usefulness of the Economic Value Added Momentum ratio and to determine if Swedish non-real estate, non-financial companies been either positively or negatively affected by their Corporate Real Estate structure from an EVAM perspective. Design/methodology/approach: Using a regression analysis composed of the OMX large and mid cap non-real estate, non-financial companies, investigates the relationship between companies’ real estate holdings and their ability to sustain a positive EVAM. The study covers the time period from 2006 to 2009 and includes 172 observations. Findings: The data showed that a negative relationship between EVAM and PPTY at the 10% real estate intensity interval might exist. However, no evidence was found that might suggest that a negative relationship between EVAM and corporate real estate holdings at the higher (15% real estate intensity) or the lower (5% real estate intensity) existed. This could suggest that companies’ that own lower percentages of real estate assets (less than 5% of PPTY) are not affecting their EVAM value and that companies’ that own larger amount of real estate (15% of PPTY or higher) are better at managing their real estate assets and thus it is not negatively impacting their EVAM. Research Implications: Real estate is reported at historical cost rather than at current fair market values. As the economy has, historically, enjoyed more periods of expansions than contractions, intuitive companies’ real estate assets are undervalued. Economic recession and booms can also dilute both the positive and negative aspects of real estate ownership. Although this investigation seeks to neutralize this phenomenon by including two periods of economic expansion and two periods of economic recession, it is unreasonable to claim that this will completely neutralize this affect. Practical Implications: The companies that have a PPTY of between 10% and 15% might be better off selling their real estate holdings or investing additional funds in real estate so as to either have a PPTY below 10% or above 15%. Companies that are in-between the 10% and 15% real estate ownership segment might not deem it cost effective to have specific real estate professionals or to invest in real estate know-how; however, the firms’ might at the same time own too much real estate, making it too costly to do nothing. Consequently, the companies could be better off deciding on a particular strategy: owning more real estate or owning less real estate. Originality/Value: Investigates if a linkage between a company’s ability to generate a positive EVAM and a company’s quantity of real estate assets exists.
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Haglund, Linn, and Josefine Schöön. "Personlighetsdrag hos säljstudenter på akademisk nivå. Är de som alla andra? : En studie genomförd med personlighetsverktyget ”The Big Five”." Thesis, Högskolan i Gävle, Företagsekonomi, 2018. http://urn.kb.se/resolve?urn=urn:nbn:se:hig:diva-27117.
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Title: Personality traits of business students, are they like everybody else? A study of The Big Five- theory. Level: Final assignment for Bachelor Degrees in Business Administration Author: Linn Haglund and Josefine Schöön Supervisor: Jonas KågströmDate: 2018 – MayAim: The purpose of this study is to analyze students’ at specialized sales programs, at an academic level, personality traits in relation to active, high-performing, professionals using The Big Five. Method: We chose to implement a quantitative investigation based on a deductive approach. The empirical material was obtained by a survey that was distributed to 445 real estate students at University of Luleå, University of Malmö and College of Gävle. The recieved data was then analyzed via the analytic and statistical program SPSS where we chose to conduct a descriptive analysis, correlation analysis and cluster analysis. Result & Conclusion: The results shows that there is a specific profile for real estate students who are characterized by high values of the personalitytraits openness, conscientiousness, extraversion and agreeablesness along with lower value of neuroticism. This means that those who study to become a real estate agent are more open, conscientious, outward and compassionate as well as less anxious and insecure in general in comparison with other people. The results also shows that the majority of the real estate students have similar personality types as high-performing real estate agents. Contribution of the thesis: This essay contributes to an increased understanding of how personality analyzes can bring prospective students into the right industry. The result is also valuable to trainers in real estate brokerage and real estate brokers, as it can provide a better insight into the recruitment of prospective real estate agents. The study also confirms previous research that shows that high values of conscientiousness and targeted work together with low values of neuroticism provide good conditions in the sales sector, which is a contribution to business research. Suggestions for future research: Since this study focuses on real estate students and their personalities, it would be interesting to study other programs to see if real estate students differ in comparison with other students, and if they do in which personality traits. It would also be interesting to continue comparing real estate student’s personality profiles with real estate brokers, both those with long experience and those who are newly graduated. Keywords: “The Big Five”, personality, sales, real estate brokers, real estate agents