Facility Management as a Concept to Support Real Estate Management

AbstractThe focus of the study is on contemporary concept of Facility Management (FM) that supports processes of management, especially real estate management. The study attempted to analyse the assumptions of standardization of real estate management within the FM concept. Analysis of the situation in the real estate market in Poland in 2013 showed the necessity of implementation of effective management, which concerns not only investment projects, but, particularly, the area of management of facilities and innovations, and taking measures aimed at increasing the value of real estate. The role and opportunities offered by certain contemporary methods of real estate management (benchmarking and outsourcing) have been discussed, particularly in terms of management of auxiliary processes. The study presented situation in the local construction sector and developer enterprises in Poland, particularly in terms of taking measures concerning formation of demand and customer preferences in the real estate market. The results obtained in the study were used to analyse situation in the market of real estate in Częstochowa, Poland, stimulated directly by tendencies observed in this local market and suggest the necessity of proper management of auxiliary processes, which will substantially contribute to improvement of enterprises’ operation.

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“Absorption” or “Carrying Capacity” of Areas – Assessment Methods on the Example of Detached Housing Real Estate

Real Estate Management and Valuation ◽

10.2478/remav-2019-0011 ◽

2019 ◽

Vol 27 (2) ◽

pp. 5-19 ◽

Cited By ~ 1

Author(s):

Iwona Foryś ◽

Jan Kazak

Keyword(s):

Real Estate ◽

Carrying Capacity ◽

Planning Process ◽

Public Information ◽

Real Estate Market ◽

Local Market ◽

The Real ◽

The Real Estate ◽

The Real Estate Market ◽

Complementary Goods

Abstract The concept of market absorption and carrying capacity in economic terms are adequate to the real estate market, even though the legislator uses only the concept of the absorptive capacity of the area in the planning process. The aim of the study is to discuss the concept of carrying capacity and absorption of the real estate market in economic and planning terms as well as the application of conclusions from literature studies and determination of capacity and absorption on a specific selected local market. In the empirical part, a model of demand for space for detached housing development (market absorption) was built as a function of price, income and expenses for complementary goods. At the same time, as a complementary good for the purchase of land for the construction of a house, the purchase of a flat and purchase of a real estate built-up with a detached house were accepted. On the other hand, reference was made to absorption understood adequately to planning documents. It was discussed whether the concept, interpreted in two ways, leads to the absorption of the same area on the local market. The analysis uses data from the Register of Prices and Values of Starosty County Price and Value Register, planning documents as well as data resources on statistics, and public information and own research.

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AN ANALYSIS OF DWELLING MARKET IN VILNIUS, LITHUANIA

International Journal of Strategic Property Management ◽

10.3846/1648715x.2007.9637572 ◽

2007 ◽

Vol 11 (4) ◽

pp. 243-262 ◽

Cited By ~ 7

Author(s):

Gintautas Ambrasas ◽

Danielius Stankevičius

Keyword(s):

European Union ◽

Real Estate ◽

Real Estate Market ◽

The European Union ◽

The Real ◽

The Real Estate ◽

Investment Projects ◽

Eu Member States ◽

The Real Estate Market ◽

Real Estate Developers

The current situation in the real estate market in Lithuania is favourable for real estate developers. Dwelling prices in Vilnius are much lower than those in other EU member‐states. However, the rate of their increase is one of the highest in the European Union. At the end of 2003, one of the causes of the purchasing boom was the anticipated rise in real estate prices, when Lithuania was gradually integrating into the European Union. The growing income of the real estate sector and high profit attracted more and more companies to real estate market. But the situation in the real estate market has changed. Therefore, to protect the investments in real estate, customers should carefully select the investment projects, paying special attention to reliability and competence of project developers. The analysis of financial indicators of six specially selected project developers made by the authors allowed them to state that not all real estate developers in the market are reliable and able to satisfy liability claims because they may face solvency problems. In some cases, indicators even warn about a threat of bankruptcy for a company. In addition to objective factors influencing the market, such as the conditions of crediting, the economic development of the state, standard of living of the population, migration, etc., some negative effects play an important role in the process of price rising. Authors analyzed the difference in price between the cheapest and most expensive dwellings in different segments of real estate market in Vilnius, Lithuania. Būsto rinkos analizė Vilniuje Santrauka Dabartine situacija nekilnojamojo turto rinkoje yra palanki nekilnojamojo turto įmonėms ‐ nekilnojamojo turto rinkos dalyviams. Būsto kainos Vilniuje yra gerokai žemesnes nei analogiško būsto kainos senosiose Europos Sąjungosšalyse narėse, o pastaraisiais metais kainų augimas ‐ vienas sparčiausiu lyginant su ES. 2003 m. kainų augimo bumas netgi buvo siejamas su įstojimo i Europos Sąjungalūkesčiais. Augančios nekilnojamojo turto rinkos pajamos ir didelis pelnas I nekilnojamojo turto rinka pritraukia vis daugiau nauju įmonių. Kad apsaugotu savo investicijas Inekilnojamąjį turtą, pirkėjai turi atidžiai rinktis investicinius projektus, ypatinga dėmesį skirdami projekto platintojukompetencijai. Autorių atlikta sesių pasirinktu įmonių, investuojančiu I Vilniaus nekilnojamojo turto rinka, lyginimas leidžia teigti, kad toli gražu ne visos analizuotos įmones pajėgios įvykdyti savo prisiimtus sutartinius įsipareigojimus. Atskiri rodikliai tam tikra prasme gali byloti ir apie įmones bankroto pavojų. Be objektyviu veiksniu, darančiu įtaka nekilnojamojo turto rinkai (tokiu kaip kreditavimo sąlygos, šalies ekonomikos plėtra, visuomenes gyvenimo būdo standartai, migracija ir pan.), įvairus nepalankūs veiksniai taip pat daro nemaža įtakakainų augimui rinkoje, todėl autoriai analizuoja skirtingu būsto segmentu kainų skirtumus Vilniaus nekilnojamojo turto rinkoje, jų kitimui darančius įtaka veiksnius ir tendencijas.

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