The Cartographic Method of Research in Exploring the Real Estate Market - A Case of Using Maps for the Introductory Analyses of the Lublin Suburban Commune of Konopnica

Abstract The paper deals with the introductory analysis of the real estate market of a suburban commune located near a big (voivodeship capital) city. The analysis is based mainly of the cartographic method of research. Besides data mining and preparation, maps play an important role here, presenting values acquired directly from the register of notarial deeds of estate sales and purchases, as well as values resulting from statistic computation, for example mean values of area or price, absolute numbers of transactions or real estate type. The spatial factor is also taken into consideration when it comes to more complex or specific analyses. The influence of distance understood as a metric and time factor, as well as regression analysis results are also visualized on maps. Such presentation is a good step towards advanced analyses providing maps are prepared according to the rules of cartography. The paper stresses that a map can be a great tool in aiding every stage of research, but may also cause misinterpretations and false conclusions when at least basic rules are not complied with.

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The use of mean values for reporting real estate prices

Geodetski vestnik ◽

10.15292/geodetski-vestnik.2021.04.513-532 ◽

2021 ◽

Vol 64 (04) ◽

pp. 513-532

Author(s):

Melita Ulbl ◽

Andraž Muhič

Keyword(s):

Real Estate ◽

Real Estate Market ◽

Mean Values ◽

The Real ◽

The Real Estate ◽

The Real Estate Market ◽

Special Challenge ◽

The Republic ◽

Real Estate Prices ◽

The One

The proper and unambiguous reporting of the real estate market is one of the main requirements for ensuring its transparency. Reporting on the prices of real estate realised on the market is a special challenge here. For this purpose, averages are generally used, requiring both the reporter and the reader to be well acquainted with the rules of individual types of averages on the one hand and the specificities and heterogeneity of the real estate market on the other. In this paper, we present the specifics of individual mean values that can be used for this purpose. These characteristics are analysed in more detail and presented in the case of the Slovenian housing market. The purpose of this paper is to present the dilemmas faced in Slovenia when reporting on real estate prices on the market and present the solutions that the Surveying and Mapping Authority of the Republic of Slovenia will begin to introduce in its reports on the real estate market.

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Sustainable Value of Investment in Real Estate: Real Options Approach

Sustainability ◽

10.3390/su10124665 ◽

2018 ◽

Vol 10 (12) ◽

pp. 4665 ◽

Cited By ~ 3

Author(s):

Marek Durica ◽

Danuse Guttenova ◽

Ludovit Pinda ◽

Lucia Svabova

Keyword(s):

Real Estate ◽

Real Option ◽

Investment Project ◽

Real Estate Market ◽

Capital City ◽

Present Value ◽

The Real ◽

The Real Estate ◽

Specific Investment ◽

The Real Estate Market

The issue of application of real option valuation approach in the valuation of investment project is presented in the article in a way in which the flexibility of the project could be included in the process of its valuation. The authors apply the valuation approach in case of a specific investment project in the real estate in the capital city of the Czech Republic—Prague, using the option to expand, to contract, and to abandon the project. The main aim of this case study is to present a practical application of the investment valuation and to construct an option pricing model for real estate investment which considers and integrates as many aspects of the investment and market environment as possible to describe the best situation of the real estate market and its development. The valuation of the investment is carried out using a universally applicable numerical method of binomial trees. The results obtained are subjected to the sensitivity analysis with respect to the discount rate, value of the most influential parameter of the volatility and the input option parameters. The results of the valuation of the project obtained using the real option approach are important mainly for the management of the company in the process of quantification of the present value of future investments. Implementation of managerial interventions enables for optimizing the value of the project not only in case of favourable development of the real estate market, but particularly in case of unfavourable development. Therefore, they are important in order to protect an investor from potential high losses. Finally, the valuation of these interventions increases the present value of the project, contributing to the decision of the corporate management regarding its implementation.

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Evaluation of factors leading to formation of price-bubbles in the real estate market of Lithuania

Verslas teorija ir praktika ◽

10.3846/btp.2015.544 ◽

2015 ◽

Vol 16 (4) ◽

pp. 345-352

Author(s):

Audrius Dzikevičius ◽

Lukas Kazlauskas ◽

Šarūnas Bruzgė

Keyword(s):

Regression Analysis ◽

Real Estate ◽

Business Cycles ◽

Real Estate Market ◽

The Real ◽

The Real Estate ◽

Price Bubbles ◽

Correlation And Regression Analysis ◽

Price Bubble ◽

The Real Estate Market

Recently, real estate market has been discussed more frequently in the framework of economic analysis. The global economic crisis of 2008 has demonstrated the severity of financial shock that can be caused by inconsiderate investments in the real estate market. The present article analyses business cycles and the phenomenon of a price-bubble in that context. Drawing on the analysis of reference literature we identify the main reasons that can lead to fluctuations of prices in the real estate market. Finally, drawing on correlation and regression analysis we determine which factors have the strongest influence on the Lithuanian real estate market.

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