Advances in Real Estate Education in the United Kingdom

1998 ◽  
2018 ◽  
Vol 8 (4) ◽  
pp. 182
Author(s):  
Dong-hyun Kim ◽  
Myoung-young Pior

This study was conducted to provide basic information about the curricula of real estate education with respect to globalization. The literature, such as the histories and characteristics of real estate education in the United Kingdom and the United States that have historically lead real estate education, are reviewed. We also extract the core terms used in the curricula of departments accredited by the Royal Institution of Chartered Surveyors and The Association to Advance Collegiate Schools of Business—International that are leading the globalization of education, and Meikai University, the only university with a real estate department in Japan. In extracting core terms from each country, we proceed with basic terms that constitute the subject titles, not the entire subject title itself. After extracting core terms from each country, we discuss the overall characteristics of real estate education in each country and clarify the main stream of the globalization of real estate education. In addition, by comparing core terms and calculating proximities among Japan, the United Kingdom and United States, Japan’s specificities of real estate education are identified.


Geoforum ◽  
2019 ◽  
Vol 100 ◽  
pp. 89-100 ◽  
Author(s):  
Annelore Hofman ◽  
Manuel B. Aalbers

Subject The US Global Magnitsky Act. Significance Congress passed the Global Magnitsky Act as part of an annual national defence bill on December 8 and President Barack Obama is expected to sign it before the end of the year. The legislation allows the president to impose sanctions against individuals tied to official corruption and extrajudicial killings carried out in retaliation for uncovering illegal or corrupt acts. Impacts Jurisdictions in Australia, Canada, Singapore and the United Kingdom may also seek to boost real estate transparency. The White House may use its new sanctioning powers to pressure Iran and burnish its anti-Tehran credentials. The example set by Trump’s future use of the Global Magnitsky Act will be directly correlated with its chance of renewal in 2022.


Author(s):  
Nicola Livingstone

This chapter is a study of the ways in which property development elites use particular techniques and technologies of representation to create development real estate markets in the United Kingdom. It compares the construction of post-Brexit vote narratives of investment landscapes and opportunities in London and the North-East. London's real estate market is considered the leading destination for global capital flows into commercial real estate in the United Kingdom, and therefore it becomes the centrepiece of an evolving socio-technical system. The chapter specifically looks at the media narratives disseminated by real estate market agents in the aftermath of the Brexit referendum in London. It does so in order to question the role of media exposure and private consultancy firms and reflects on the way specialist expert knowledge is publicly disseminated to directly shape public opinion and, indirectly, real estate decision-making.


2011 ◽  
Vol 15 (1) ◽  
pp. 26-34 ◽  
Author(s):  
Eddie C. M. Hui

This paper aims to examine the relationship between real estate market and stock market in the United Kingdom and in Hong Kong, from 1993 to 2007, using the method of datamining. The results provide evidence for the existence of not only a positive correlation, but also a co-movement, between the two markets. Such interactions reflect the similarities among these two regions, which can be explained by two transmission mechanisms: wealth effect and credit-price effect. However, the two real estate markets respond differently upon similar adjustments of the respective stock markets. Such dissimilarity is attributed to their respective local factors. It is shown in the paper that datamining could be an appropriate option for studying this kind of relationships. Santrauka Šiame darbe siekiama duomenų analizės metodu išnagrinėti ryšį tarp Jungtinės Karalystės ir Honkongo nekilnojamojo turto rinkų ir akcijų rinkų nuo 1993 iki 2007 m. Remiantis gautais rezultatais matyti, kad tarp minėtų dviejų rinkų egzistuoja ne tik teigiama koreliacija, bet ir kovariacija. Tokios sąveikos rodopanašumus tarp šių dviejų regionų, o tai paaiškinama dviem perdavimo mechanizmais: turto poveikiu ir kredito bei kainos poveikiu. Tačiau dvi nekilnojamojo turto rinkos skirtingai reaguoja į panašų akcijų rinkų reguliavimą. Taip vyksta dėl jų vietinių veiksnių įtakos. Duomenų analizė galėtų būti tinkama alternatyva tiriant tokius ryšius.


Author(s):  
Marko Malović ◽  
Miloš Roganović ◽  
Mustafa Özer

Research Question: The objective of this particular piece of research was to evaluate the condition of the real estate market in the period preceding the pandemic outbreak. Motivation: Our goal was to determine whether real estate has been overpriced, i.e., whether and when speculative bubbles began to form and whether there were indications of their bursting. This paper brings together the need for discussing theories that can potentially explain the real estate market bubbles and boom-bust cycles (Gleaser &Nathanson, 2014) and the new approach which proved promising to detect the exuberance of economic and financial activities (Phillips, Shi &Yu, 2015). Potential collapse of real estate prices would have devastating effects and would likely cause a collapse of the financial system. Idea: The core idea of this paper was to evaluate whether speculative bubbles could be detected in the real estate market over the period immediately before the outbreak of the COVID-19 virus pandemic, and whether the pandemic or the financial crisis arising from it led to bursting of bubbles in this market and consequently brought their economies into even deeper crises. Data: Quarterly price movements were analyzed in the real estate market in six countries: Italy, Spain, the United Kingdom, Serbia, Croatia and Slovenia in the period Q1 1980 - Q4 2019 for Italy, Spain and the United Kingdom; Q1 2002 - Q4 2019 for Serbia and Croatia and Q1 2007 - Q4 2019 for Slovenia. Tools: Empirical analysis has been performed by utilizing generalized sub-augmented Dickey-Fuller (GSADF) test of unit roots for the detection and data stamping of bubbles in the real estate market in time series at hand. Findings: In conclusion, grand European shutdown and COVID pandemic apparently did not prick multiplicity of previously formed real estate bubbles, at least not for the time being. Moreover, in several developing countries with stunted financial markets, the virus may have somewhat paradoxically solidified real estate prices and even sustained a build-up of rational real estate bubbles. Contribution: This paper expands previous research on real estate bubbles and provides new insights into the initial consequences of the COVID-19 pandemic.


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