scholarly journals Dynamics of coworking growth in the real estate market under digitalization

2021 ◽  
Vol 244 ◽  
pp. 10052
Author(s):  
Oksana Pirogova ◽  
Nataliia Temnova
Keyword(s):  
Real Estate ◽  
Growth Rates ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
The Real Estate ◽  
The Real Estate Market ◽  
The World ◽  
Analysis And Synthesis ◽  
Market Forecast ◽  
Near Future

The pandemic has affected many sectors of the economy in Russia and the world, and has affected the commercial real estate market. In this situation, approaches to the organization of office space are changing. Currently, the segment of co-working centers is gradually becoming a full-fledged player in the commercial real estate market. The purpose of the study is to analyze the co-working market, forecast growth rates for the coming years and identify development trends. Research objectives: to analyze co-working centers in St. Petersburg; - Build a forecast of the number of co-working centers and identify new trends in the development of co-working spaces in a pandemic. The study used the following methods: descriptions, comparisons, analogies and generalizations, analysis and synthesis, modeling. Based on the data on the growth rates of co-working centers in St. Petersburg, a model for the growth of their number has been built. The research results will make it possible to forecast the development of the co-working center market in the near future.

scholarly journals ПОЛІТИКА ЧЕСЬКОГО НАЦІОНАЛЬНОГО БАНКУ ЩОДО РИНКУ НЕРУХОМОСТІ

2021 ◽  
pp. 70-75
Author(s):  
Олександр Володимирович Києвич
Keyword(s):  
Czech Republic ◽  
Real Estate ◽  
Real Estate Market ◽  
Safe Haven ◽  
The Czech Republic ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
The World ◽  
The Impact

Nowadays, when we still see the impact of COVID not only in the Czech Republic, but all over the world, when the value of money is constantly decreasing due to inflation and negative trends in the economy, people usually try to save their savings where they are confident that they will not lose value. The purpose of the article is to characterize the policy of the Czech National Bank in relation to the real estate market. Research hypothesis. The population of the Czech Republic now perceives housing as a safe haven and protects their savings by buying real estate. That is why, according to practicing economists, the great interest of Czechs in investing in real estate will continue in the coming years. Presentation of the main material. Wealthy people in the Czech Republic are now investing their money in apartments to protect their savings from inflation, which was largely fueled by covid restrictions. Rising inflation and volatility in world currencies is a serious blow to those who keep their savings in cash, so people want to own any asset that has any hope of going up. Originality and practical significance of the research. It has been proven that overheated markets sometimes collapse with dire consequences for a country's economy. And this is the responsibility of the regulators, who must anticipate and prevent such trends in the markets. Conclusions and prospects for further research. The current situation with the pandemic has not affected the real estate market, which is perhaps surprising. The population of the Czech Republic now perceives housing as a safe haven and protects their savings by buying real estate. The main task today of all financial market regulators, not only in the Czech Republic, but all over the world, is and will be the task of preventing a sharp collapse of the formed bubbles, including the real estate market.

scholarly journals Methodology for making decisions in managing commercial real estate

2021 ◽  
Vol 244 ◽  
pp. 11013
Author(s):  
Denis Smirnov ◽  
Irina Alpackaya ◽  
Taisiya Ryabova ◽  
Valery Gusev
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
The Real ◽  
The Real Estate ◽  
Theoretical Approaches ◽  
Current Trends ◽  
The Real Estate Market ◽  
Methodological Principles

The purpose of this paper is to develop guidelines for the formation and implementation of a decision-making mechanism for managing commercial real estate. As a result of the study, the current trends in the development of the real estate market are revealed, the methods and established practice of the activities of management companies are analyzed, the analysis of theoretical approaches to the management of commercial real estate is carried out. On the basis of theoretical and methodological principles and the specifics of the analyzed area of research, methodological recommendations are proposed for the formation of a mechanism for managing commercial real estate, including a method for assessing their investment attractiveness.

Loss Aversion and Market Liquidity in the Real Estate Market

2014 ◽  
Vol 22 (2) ◽  
pp. 223-249
Author(s):  
Sun Young Park
Keyword(s):  
Real Estate ◽  
Loss Aversion ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
Market Liquidity ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Expectation Hypothesis ◽  
Property Sales ◽  
The Impact

The most commonly observed risk averse behavior in the commercial real estate market is loss aversion on the part of investors; i.e., investors are more sensitive to prospective losses than to prospective gains. This observation leads to the natural question : Does the market rationally anticipate investors' loss aversion? If not, then does loss aversion become stronger in a relatively illiquid market? The answer to these questions provides strategically important implications to institutional investors. We propose to explore the impact of loss aversion on the commercial real estate market by testing two competing hypotheses : (1) the rational market expectation hypothesis and (2) the liquidity spiral hypothesis. The rational market expectation hypothesis holds that the market rationally anticipates investors' behavioral loss aversion. As a result, the interaction between lagged market liquidity and loss aversion does not have an impact on the probability of property sales. On the other hand, the liquidity spiral hypothesis holds that the interaction between market liquidity and loss aversion has an impact on the probability of property sales due to the self-fulfilling feedback effect between loss aversion and market liquidity. In the context of REITs' property transactions, we find partial evidence for the liquidity spiral hypothesis : private market liquidity and stock market liquidity each has an additional impact on the sale probability of property.

scholarly journals Conditions and Directions of Investing on the World Real Estate Market

2017 ◽  
Vol 25 (4) ◽  
pp. 99-112
Author(s):  
Ewa Siemińska ◽  
Małgorzata Krajewska
Keyword(s):  
Real Estate ◽  
Structural Changes ◽  
Global Scale ◽  
Real Estate Market ◽  
Operating Conditions ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
The World ◽  
Constant Observation

Abstract The main topic assumed in the article are investments in the real estate market, with particular consideration given to their scale and changes in the directions of investing in the context of a dynamically changing geopolitical and economic situation throughout the world. This is seeing as how the activity of investors reflects the need and preferences of various groups of buyers and users of built surfaces, while accounting for the risk accompanying investment decisions as well as the widely understood operating conditions. Constant observation and monitoring of these phenomena, their dynamics as well as structural changes is a remarkably important and very needed study, both as far as science and practical application are concerned, as it allows for the processes taking place to be tracked, while their informational value is more valuable the more uncertain the market and more difficult it and the behaviors of its participants are to predict. The work uses the newest available reports and analyses of the largest auditors dealing with worldwide and global real estate markets, such as: JLL, Colliers International, CBRE, Cushman&Wakefield, KPMG, World Economic Forum, or Savills and UBS Group Ag. The aim of the work is the synthetic analysis of changes and directions of investing on the real estate market on a global scale, in the context of the newest political-economic situations throughout the world.

scholarly journals Digital technologies transforming the real estate market in terms of digitalization

2020 ◽  
Author(s):  
Татьяна Кубасова
Keyword(s):  
Real Estate ◽  
World Economy ◽  
Digital Technologies ◽  
Real Estate Market ◽  
The Real ◽  
The Real Estate ◽  
Business System ◽  
Stage Of Development ◽  
The Real Estate Market ◽  
The World

In the article the authors examine the transforming role and the place of digital technologies in the world economy and its separate segments (the real estate market). The article states that the world economy is at the threshold of the revolution of decentralization and establishment of the joint consumption economy, which has initiated development of the blockchain technology built on the institute of trust. For the purpose of determining the digitalization impact on the business system, the article uses I. Ansoff’s classical model of turbulence (ESO model). The authors have carried out its critical analysis and determined the digitalization impact on the value-conscious paradigms of the business system participants, the strategic supporting point and possible trends of transformation (potential of actions and potential of impact). The authors specify the classical value-conscious paradigms of the business system participants as applied to the terms of digitalization. The article gives an extended interpretation of the value-conscious paradigms related to the digital technologies. It uses the classification of digital technologies existing in the professional community (in order of possible impact on transformation of business) as applied to the real estate market. The authors state that in terms of digitalization and globalization of the world economy the real estate market is an element of the open economy and presents an expanded cooperation between mutually dependent partners under terms of confident relations regardless of time and territorial borders. With the purpose of identifying the digitalization impact on the real estate market, the authors carried out their own investigation using the method of expert evaluation. As a result, they state that digitalization is a determining vector of developing the present-day real estate market. They generalize the practice of using digital technologies in the real estate market that have a strong transforming impact on the business system participants at the stage of development and introduction.

scholarly journals REAL ESTATE MARKET RATING – NEED OR NECESSITY?

2013 ◽  
Vol 21 (4) ◽  
pp. 54-64
Author(s):  
Małgorzata Renigier-Biłozor ◽  
Radosław Wiśniewski
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
Growth Potential ◽  
Rating Systems ◽  
Real Estate Markets ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Property Markets

Abstract Rating systems developed in Poland and other countries are generally used to evaluate the performance of businesses, organizations, institutions and even entire economies. Comprehensive solutions for assessing real estate markets and individual properties have never been proposed (several systems for evaluating mostly commercial real estate have been developed). This deficiency could be attributed to an absence of databases describing the real estate market and market changes as well as a shortage of coherent methods for analyzing real estate markets. In most cases, however, market phenomena may be difficult to classify because they involve behavioral, social and stochastic elements. This article analyzes the existing systems for rating and ranking markets in different Polish regions and cities. They were compared with information about the classification of real estate markets on the example of selected property markets in Poland. Selected categories were evaluated to determine whether rating methods for real estate markets, including housing markets, should be developed for different Polish cities and regions. The growth potential of local real estate markets was also analyzed.

scholarly journals Real Estate Market Performance in Nigeria: Longitudinal Evidence from Residential and Commercial Property Sectors in Port Harcourt

2021 ◽  
Vol 04 (07) ◽  
Author(s):  
Stanley Chika Nwaogu ◽  
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
Sample Size Determination ◽  
Steady Increase ◽  
Commercial Property ◽  
The Real ◽  
The Real Estate ◽  
Port Harcourt ◽  
The Real Estate Market

The low transparency characterization of the real estate market in Africa presents an antithesis to the promising potentials of the market to global real estate investors and mutual funds. In spite of this, there appears an asymmetric synchronicity between increasing global attention towards investment potentials of the Sub-Saharan African real estate industry and an almost 50% market opacity. In addressing this anomaly, the study examines residential and commercial real estate returns from a Nigeria, using Port Harcourt city as test market. It has objectives of determining the rental value trend of residential and commercial properties in Port Harcourt, Nigeria, and the longitudinal rental growth rate of residential and commercial properties in the study area. The study employed qualitative technique to collect, peruse and analyze data from valuation reports obtained from Estate Surveying and Valuation firms in the study area. The resulting data were subjected to content analysis, Analysis of Variance and Correlation. The population of the study was all residential and commercial properties which have been subjected to rental valuation by designated professionals over the periodic scope of the study. Therefore, the unit of analysis was all rental valuation reports on residential and commercial properties in the study area. Given the infinite nature of the population, Godden (2004) formula was used for sample size determination of 384. It was found that rents from residential and commercial property investments in Port Harcourt, Nigeria recorded a steady increase within 2009 to 2018, with mean rental growth rates of 10.8% and 17.8% for residential and commercial properties respectively. It was concluded that the real estate market in Port Harcourt is a high performing market, with the commercial sector offering high return on investment potentials for investors.

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