scholarly journals Impact of the coronavirus pandemic in 2020 on the real estate market in Russia: legal aspects

2020 ◽  
Vol 210 ◽  
pp. 13001
Author(s):  
Karine Avakyan ◽  
Gennady Pratsko
Keyword(s):  
Real Estate ◽  
New Technologies ◽  
Legal Aspects ◽  
Real Estate Market ◽  
Negative Consequences ◽  
The Real ◽  
The Real Estate ◽  
Market Participants ◽  
The Real Estate Market ◽  
Coronavirus Infection

The purpose of the study: all spheres of society and economy have been exposed to the coronavirus infection and are forced to adapt to new conditions and rules. The state is taking various measures to support both society and business, and is introducing new regulations designed to reduce the negative consequences of the economic shutdown. The purpose of this work is to consider the consequences that the coronavirus pandemic has had on the real estate market, to research new technologies used by market participants, and also to analyze the most significant changes in federal legislation in Russia in the context of a pandemic.

scholarly journals The Effectiveness of Real Estate Market Versus Efficiency of Its Participants

2012 ◽  
Vol 19 (1) ◽  
pp. 95-110 ◽  
Author(s):  
Małgorzata Renigier-Biłozor ◽  
Radosław Wiśniewski
Keyword(s):  
Real Estate ◽  
Rational Expectations ◽  
Rough Set Theory ◽  
Weak Form ◽  
Real Estate Market ◽  
Strong Form ◽  
The Real ◽  
The Real Estate ◽  
Market Participants ◽  
The Real Estate Market

Real estate markets (REMs) may be classified as strong-form efficient, semi-strong-form efficient or weak-form efficient. Efficiency measures the level of development or goal attainment in a complex social and economic system, such as the real estate market. The efficiency of the real estate market is the individual participant's ability to achieve the set goals. The number of goals is equivalent to the number of participants. Every market participant has a set of specific efficiency benchmarks which can be identified and described. In line with the theory of rational expectations, every participant should make decisions in a rational manner by relying on all available information to make the optimal forecast. The effectiveness of the real estate market is a function of the efficiency of individual market participants. This paper attempts to prove the following hypothesis: the effectiveness of a real estate market may be identified by analysing the effectiveness of its participants. The authors also discuss methods based on the rough set theory which can influence the efficiency and efficacy of market participants, and consequently, the effectiveness of the real estate market and its participants.

scholarly journals Price Bubble In The Real Estate Market - Behavioral Aspects

2014 ◽  
Vol 22 (1) ◽  
pp. 77-90 ◽  
Author(s):  
Justyna Brzezicka ◽  
Radosław Wisniewski
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Herd Behavior ◽  
Negative Consequences ◽  
The Real ◽  
The Real Estate ◽  
Price Bubbles ◽  
Price Bubble ◽  
The Real Estate Market ◽  
Behavioral Aspects

Abstract The article pertains to the topic of speculative price bubbles which arise in the real estate market. The individual parts of the article deal with the connection between the price bubble in the American real estate market and the global economic crisis, defining the concept of a price bubble with regard to the behaviors of market participants, providing a description of the environment generating price bubbles, and systematizing the reasons behind the formation of price bubbles. The analysis of behavioral aspects accompanying the existence of a price bubble is a key issue. The assumed considerations indicate that the housing price bubble could not exist in the real estate market (REM) if its formation was not accompanied by behavioral aspects. These aspects include, among others, giving in to temptations and emotions, limited rationalism, herd behavior, and seeking to make profits in a short amount of time at the expense of long-term negative consequences. The nature of these deliberations is theoretical.

scholarly journals Transformation of the real estate market on the basis of use of the blockchain technologies: opportunities and problems

2018 ◽  
Vol 212 ◽  
pp. 06004
Author(s):  
Nadezhda Kalyuzhnova
Keyword(s):  
Real Estate ◽  
Transaction Costs ◽  
Mobile Networks ◽  
Industrial Revolution ◽  
New Technologies ◽  
Real Estate Market ◽  
The Real ◽  
The Real Estate ◽  
New Information ◽  
The Real Estate Market

The real estate market is influenced by the global growth trends, such as the growth of the transaction costs and new technologies of the fourth industrial revolution. The types of the transaction costs of the real estate market are analyzed in the paper. The characteristics of the blockchain as a new information technology that allows reducing transaction costs are considered. The essence of the blockchain as a value-communication technology that allows transferring not only information, but also value using mobile networks and the Internet, is substantiated. The types and classification of the blockchains are considered. The directions of real estate transformation on the basis of introduction of the blockchain technologies are shown. Some unresolved issues, as well as the dangers and challenges of the development of the blockchain technologies, are indicated in this article.

REAL ESTATE MARKET SYSTEM - PHASE SPACE THEORY APPROACH

2013 ◽  
Vol 21 (4) ◽  
pp. 87-95 ◽  
Author(s):  
Anna Radzewicz
Keyword(s):  
Phase Space ◽  
Real Estate ◽  
Real Estate Market ◽  
Space Theory ◽  
The Real ◽  
The Real Estate ◽  
Market Participants ◽  
The Real Estate Market ◽  
Phase Space Theory ◽  
Decision Making Processes

Abstract The real estate market poses a topic of research in the theoretical sense, as well as encouraging researchers to search for new methods/tools/platforms which would help to understand, manage and undertake all kinds of activities (decisions) within its realm. The process of globalization, need to constantly gather information (create extensive registers), data management, implementation of complicated computing procedures (which only seemingly provide solutions), and awareness and knowledge of market participants are supposed to lead us to "ultimately understand" the structures of the real estate market. However, in most cases, the decisions made in the real estate market realm are not rational. Market participants do not always act accordingly to the (economic) presumptions of the market and many of their behaviors can easily be viewed as chaotic and impulsive. Owing to this fact, it seems justified to invoke mathematical and physical concepts, and apply them to the real estate market. This article describes the concept of how the real estate market is perceived according to the phase space theory. Phase space is understood as a multidimensional space of market events where the transfer of rights to real estate takes place and decision-making processes occur. Transaction prices, on the other hand, indicate market development and are an emanation of decision-making processes. The goal of this article is to provide proof for the hypothesis that the real estate market is a system existing in multidimensional phase space and that the complexity of this space affects the unit price of real estate.

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