Getting Started

Author(s):  
Grant Ian Thrall

The business geographer performing market analysis for real estate should become skilled in the advances of geographic technology, as well as geographic and real estate analysis and procedures. And the client should become skilled in judging the analyst's work. In this context, the eighteenth-century poetic essay by Alexander Pope (1688-1744) is appropriate (see box 10.1). The left column is particularly relevant to the analyst practitioner, while the right column is particularly relevant to the client who is making his or her judgmental decision. The client, whether an investor, financier, or developer, should know enough about business geography and real estate market analysis to correctly understand the evaluation and report, know which questions to ask of the analyst, and know how to translate the report into correct judgment. The client making the judgmental decision should not have his or her vision clouded by details of the choice made for which data source to use for population projections, nor should the judgmental decision be steered off course by the choice between which desktop GIS software to use. Instead, the client has other considerations, such as How do I select and work with a business geographer performing market analysis for real estate projects? and When and how should a business geographer consultant be used? This chapter gets the reader started in these tasks. Financiers, investors, developers hire business geographers to provide a variety of services, including choosing the appropriate data, software, and methods to use, and rely on their professional skills of execution and ability to complete and present the report in a manner that will improve their judgment. The business geographer brings objectivity, professionalism, and both broad and specialized experience with similar projects. How should a business geographer be chosen? First, the prospective client should decide what project(s) the analyst is to evaluate. The type of projects a business geographer might be engaged to work on include; . . . Determining the highest and best-use for a given site Selecting the location and evaluating the viability at that location for a specific type of development Constructing an expansion strategy and location strategy for individual outlets of a new or existing chain of retail stores. . . . The client should decide whether outside expertise should be sought or whether the real estate market analyst functions should instead be performed in house.

2021 ◽  
pp. 60-68
Author(s):  
O. A. Zemlyanskiy

Effective business activities conducting in the real estate market is impossible without an objective analysis of the real estate market, its individual segments, comparing the possibilities and efficiency of doing business in different market segments. Based on the generalization of various methods, the author proposes an analysis of the real estate market to determine the possibility of effective business activity, including setting goals for the analysis of the real estate market and its individual segments, determining the subject, conditions and opportunities for entrepreneurial activity in the real estate market, analysing the market in accordance with the factors of market analysis, its characteristics and identification of the most attractive market segments and areas of activity in order to achieve these goals. The analysis of the real estate market determines the opportunities, conditions and prospects of presence on the market for various companies and types of business related to the creation and sale of real estate objects, as well as credit and financial, legal, insurance, valuation, commercial and other types of business.


2019 ◽  
Vol 11 (19) ◽  
pp. 5354
Author(s):  
Ingrid Martins Holmberg

This study puts urban heritage in the setting of property owners’ small-scale and resource-based management of ordinary old buildings. This phenomenon indicates a need not only to reconceptualize urban heritage in its actual complex web of negotiations over constraints of the regulation (urban planning, including preservation) and economy (the real estate market) but also to pay attention to the emergence of a new ethos. The case concerns a Swedish second-city context and the specific moment in time: When the 1990s recession had disarmed the real estate market. Based upon ethnographic fieldwork, this study used an assemblage perspective to allow for a following of entanglements of material and matter. The study sheds light upon the emergence of a small-scale and resource-based management in the midst of managerially defined cycles of investment. Important for the output was 1) the set-up of a network of skilled craftsmen, antiquarians, and entrepreneurs ‘of the right mindset that enabled for the authentic material result but that also helped navigate regulation and financial parties, 2) the “alternative market for reverential maintenance and repair” that guaranteed the appropriate supply of materials, products, and skills that differed from the mainstream construction market. For the means of understanding the ethos involved, the study introduced the notion of “factual life-span of buildings”. The overall aim of this article was to contribute to research on heritage urbanism by adding a resource management perspective that focusses on the entanglements of material and matter.


Significance After three difficult years, the United Arab Emirates (UAE) real estate market appears to be finding a floor, with several property consultancies and management firms cautiously optimistic over the prospects of a turnaround. New regulatory measures and a delay in some planned real-estate projects aim to support prices. Impacts The importance of the real-estate sector to Emirati non-oil GDP will rise further, magnifying its impact on growth. Dependence on international investment and public-sector spending will expose the sector to volatility in case of regional conflict. The UAE will increasingly look towards Asian countries as property buyers, especially India, China and Pakistan.


2020 ◽  
Vol 45 (3) ◽  
pp. 152-162
Author(s):  
Leandro Pereira ◽  
Sandra Ferreira ◽  
José Santos

In the recent years, the Portuguese Real Estate Market has been increasing exponentially. This growth, has generated, in the real estate companies, the need to implement effective project management tools and frameworks in order to provide important metrics of budget control, deadlines and increase risk management. This study aims to understand the different causes of risks in real estate projects and to measure the risk factors that provoke deviations, in terms of cost, time and quality in the real estate market in Portugal. To measure these risk factors, a new methodology has been implemented, namely a new real estate risk plan model for predicting the risks inherent to new construction projects. This methodology aims to produce new and more accurate strategies and plans so as to effectively respond to potential risks and thus achieve the proposed objectives through the desired success. This methodology allows companies to effectively implement a project in a timely manner in order to reduce and mitigate the probability of risk failure based on risk management tools and techniques. The results of this case study have shown that implementing a risk management project is crucial to highlight and measure the risk of project failures and that Companies must implement risk indicators or triggers that give visibility to potential risks/losses that impact company objectives and, on the other hand, establish metrics that translate the organization’s appetite and tolerance into critical risks.


Author(s):  
Grant Ian Thrall

This work focuses on integrating land-use location science with the technology of geographic information systems (GIS). The text describes the basic principles of location decision and the means for applying them in order to improve the real estate decision.


Author(s):  
Grant Ian Thrall

With perhaps the exception of building a new town, mixed-use (MXD) development requires the most complex real estate market analysis. As with the structural organization of the preceding chapters on real estate products in this book, this chapter will begin with a background of the real estate product type. A background of MXDs is necessary to understand those developments that are already in place across the North American landscape. Some MXDs have been successful and others have been dismal failures. A goal of this chapter is to describe and explain the instruments hypothesized to make an MXD successful. Some MXDs are approaching their functional age of obsolescence—25 or 50 years old. They may require new real estate market analysis to guide their redevelopment and that redevelopment must be executed in the context of how they originated. The background coverage, contemporary notions of trade areas, demand, supply, and report, for MXDs are presented. What Is a Mixed-Use Development? To be defined as an MXD, the real estate project must have three components (Schwanke 1987): . . . Three or more significant revenue-producing uses (such as retail, office, residential, hotel, and/or entertainment/cultural/recreation), which in well-planned projects are mutually supporting Significant physical and functional integration of project components (and thus a relatively close-knit and intensive use of land), including uninterrupted pedestrian connections Development in conformance with a coherent plan, which frequently stipulates the type and scale of uses, permitted densities, and related items. . . . Each of the above concepts is discussed below. Three or More Significant Revenue-Producing Uses Many real estate projects have multiple uses. However, MXDs as denned and discussed here must have at least three major revenue-producing uses. These uses should be nontrivial. In other words, if retail space is one of the mixed uses, then that retail space should have a trade area beyond the mere project site. In most contemporary mixed-use projects, retail, office, residential, and/or hotel facilities are the primary revenue-producing uses. Other revenue-producing uses of MXDs might include sports arenas and convention centers, performing arts facilities, and museums.


2017 ◽  
Vol 18 (1) ◽  
pp. 0-0
Author(s):  
Marcin Sitek

The aim of this study is to demonstrate that innovativeness in the real estate market represents a means to improve competitiveness of business entities present in this market. The study discusses determinants of innovativeness were presented with division into technical, technological, organizational, process, marketing and financial innovations in the real estate market. Analysis of the types of innovations in the real estate showed that major innovations in the real estate market that employed innovative solutions in the construction sector are oriented particularly at energy efficiency and ecology. Furthermore, the results of the studies that demonstrated a reduction in costs of operation in sustainable buildings lead to the conclusion that the thesis concerning innovativeness as a means to stimulate competitiveness was supported.


2021 ◽  
pp. 83-92
Author(s):  
MohammedShakil S. Malek ◽  
Saiyed Farhana Mohibali ◽  
Dhiraj Bachwani

The boom of real estate has been a motivating force for economic growth in India for the past few years. However, the Real Estate (RE) market of India is still in the embryonic phase and juvenile. In the context of the real estate projects, it is a general situation observed that such projects cannot meet the target as the Indian real estate companies are deficient in scientific management technology to confront the risks. The research paper aims to focus mainly on constraints and demurral of Risk Management (RM) in RE firms of India to investigate findings for the same in the Indian Real estate market and further focusing on RE projects of Ahmedabad. The paper is mostly founded on an overview of individuals who are straightforwardly or firmly identified with the administration and the RE business in India. The questionnaire survey shall be targeted over the five prime territories of Ahmedabad. This research further highlights to concerned identified primary critical risk factors (by Criticality Index Method) influencing the residential real estate market and then developing a framework for assessing the factors carrying out the quantitative analysis using various analytical methods of SPSS software, Factor analysis, ANOVA and Post-Hoc Test. The validation of the results has been done through a survey of experienced experts. The critical risks identified based on the questionnaire survey are modeled through the decision tree diagram.


2017 ◽  
Vol 25 (1) ◽  
pp. 84-92
Author(s):  
Mariusz Doszyń ◽  
Sebastian Gnat

Abstract The paper proposes a means of determining the impact of real estate characteristics based on the residuals of an accordingly specified econometric model. The econometric model contains explanatory variables whose values are easily measurable. Then, the hypothesis that the residuals of the econometric model encompass the impact of specific factors indicating that the real estate is atypical is verified, thus supporting real estate market analysis. The work describes various types of residuals (predictive and studentized residuals).


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