scholarly journals Novos produtos imobiliários e reestruturação urbana

Finisterra ◽  
2012 ◽  
Vol 29 (57) ◽  
Author(s):  
Teresa Barata Salgueiro
Keyword(s):  
Real Estate ◽  
Urban Landscape ◽  
New Products ◽  
Urban Restructuring ◽  
Economic Changes ◽  
Real Estate Markets ◽  
The Real Estate ◽  
Theoretical Approaches ◽  
Wide Scale

REAL ESTATE NEW PRODUCTS AND URBAN RESTRUCTURING - In the first part of the paper we present the new products of Lisbon urban landscape (luxury housing and office buildings). We point out that the new buildings break the traditional form of the city production in several ways, from their scale to the use and the location pattern they present. Besides, they also contribute to the creation of new centralities in the urban space.In the second part we try to understand the new trends identified. After reviewing the main theoretical approaches to the process of urban transformation, we look at the economic changes more relevant to explain the recent development of a busy market for office space and high standing housing that woks in a world-wide scale. They seem to be the tertiarization trend and the new role of estate investment in capital valuation combined with increased facilities in the circulation of the capital. We finish with the question of the position of the cities under this internationalization of the real estate markets.

Potential for optimising organisational structures in the technical due diligence for real estate transactions in Germany

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yannis Steffen Oetken ◽  
Christian Hofstadler ◽  
Felix Meckmann
Keyword(s):  
Real Estate ◽  
Transaction Management ◽  
Due Diligence ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
Theoretical Approaches ◽  
Transaction Process ◽  
Organisational Structures

PurposeThe individual levels involved in real estate management are thoroughly discussed in the literature. This paper provides a structured meta-analysis of the different theoretical approaches in German-speaking countries. It also investigates the integration of transaction management and technical due diligence into the concepts of organisation theory. In this process, the interfaces are analysed and optimised models are developed for transferring the technical due diligence findings to the operational level.Design/methodology/approachInterviews with transaction management experts were conducted based on a narrative literature review. These interviews shed light on how the components of transaction management and due diligence are integrated into the transaction process, with a particular focus on technical due diligence. They also provide insights into how the related results are taken into account in relation to the transaction, and how they are transferred into the operational phase.FindingsIt becomes apparent that the role of transaction management is not clearly defined and delimited in the structural model of the real estate industry. Technical due diligence findings are usually transferred to the operation of the property via several, manual interfaces with corresponding losses of knowledge. The related models derived and developed for the purpose of operational optimisation define the role of transaction management against a technical background and identify the interfaces to be considered.Practical implicationsThe significance of transaction management for subsequent operations is discussed and elaborated on. More specifically, transferring safety-relevant, high-priority findings from the technical due diligence exercise plays a crucial role for the modelling stage. On the implementation level, the derived models serve as a basis for customising the internal organisational structure.Originality/valueIn Germany, there has hardly been any research into the involvement of technical experts in the real estate transaction process to date. This paper provides initial approaches to optimising organisational structures and sustainably integrating technical due diligence findings into real estate operations.

The role of buy-side anchoring bias: Evidence from the real estate market

2016 ◽  
Vol 38 ◽  
pp. 34-58 ◽  
Author(s):  
Chuang-Chang Chang ◽  
Ching-Hsiang Chao ◽  
Jin-Huei Yeh
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Anchoring Bias

scholarly journals Bringing the User Back in the Building: An Analysis of ESG in Real Estate and a Behavioral Framework to Guide Future Research

2021 ◽  
Vol 13 (6) ◽  
pp. 3239
Author(s):  
Shirley Kempeneer ◽  
Michaël Peeters ◽  
Tine Compernolle
Keyword(s):  
Real Estate ◽  
Social Science ◽  
Environmental Psychology ◽  
Fiduciary Duty ◽  
Future Research ◽  
The Real Estate ◽  
Investment Value ◽  
Real Estate Sector ◽  
Sustainable Investments

Investors are currently obliged to take environment, social, and governance (ESG) issues into consideration as part of their fiduciary duty. As such, it becomes increasingly important to identify sustainable investments that also hold financial value. A sector where this is especially underdeveloped is real estate. This has a lot to do with the obfuscated conceptualization of ESG. The article identifies key gaps in the literature and practice and provides a framework to further the understanding of how ESG factors can add societal and financial value in the real estate sector. A key premise of the article is that the user in the building is grossly overlooked. Drawing on insights from behavioral social science and environmental psychology, the paper explains the role of the user in improving buildings’ ESG, also taking into account the investment value. To conclude, the article makes the case that the transition to user-centered smart real estate is the solution to improving both the environmental (E) and social (S) sustainability of buildings, as well as their investment value. Therefore, practitioners and academics are encouraged to critically evaluate and contextualize the ESG framework they are using as well as the extent to which users are considered and smart technology is employed.

scholarly journals Information Spillover Effects of Real Estate Markets: Evidence from Ten Metropolitan Cities in China

2021 ◽  
Vol 14 (6) ◽  
pp. 244
Author(s):  
Junjie Li ◽  
Li Zheng ◽  
Chunlu Liu ◽  
Zhifeng Shen
Keyword(s):  
Real Estate ◽  
Rapid Development ◽  
House Price ◽  
Principal Component ◽  
Spillover Effects ◽  
Real Estate Markets ◽  
The Real ◽  
The Real Estate ◽  
Information Interaction ◽  
Information Spillover

With the rapid development of information communication technology and the Internet, information spillover between cities in real estate markets is becoming more frequent. The influence of information spillover in real estate markets is becoming more and more prominent. However, the current research of information spillover between cities is still relatively insufficient. In view of this research gap, this paper builds a research framework on the information conduction effect in the real estate markets of 10 Chinese cities by using Baidu search data, text mining and principal component analysis and analyzes the information interaction and dynamic influence of the real estate markets in each city by using the vector autoregressive model empirically. The results show that the information interaction among the real estate markets in each city has a network pattern and there is a significant two-way information spillover effect in most cities. When the “information distance” becomes closer, the information interaction between the markets of the cities becomes closer and it is easier for cities to influence each other. The results help to explain the information spillover mechanism behind the house price spillover and to improve the ability to predict and analyze the information spillover process in real estate markets.

scholarly journals A Fragile Network: Effecting Hail Insurance in Britain, 1840–1900

2020 ◽  
pp. 1-31
Author(s):  
SAMUEL RANDALLS ◽  
JAMES KNEALE
Keyword(s):  
Nineteenth Century ◽  
New Products ◽  
Central Office ◽  
Livestock Farming ◽  
Economic Changes ◽  
Perceived Risks ◽  
Farming Communities ◽  
Insurance Product ◽  
Wide Scale ◽  
Insurance Business

Hail insurance in Britain emerged as a product by and for farming communities, expanding as wheat production rose in the mid-nineteenth century before declining in the latter decades of the century amidst wide-scale conversion from arable to livestock farming. Drawing on detailed research conducted in the remaining archives of the three major hail insurers in this period, we demonstrate the challenges of establishing a new insurance product for farmers. We argue that to make hail insurance effective, the insurance company’s central office collated and circulated information, rules, and paperwork to enable it to govern farmers, agents, and valuers at a distance. Such networks were fragile and required continual maintenance, whether to enhance reputation, manage farmers’ requests for new products, enforce rules, or tinker with rates in response to perceived risks and competitive pressures. Conceptualizing this emerging insurance business as a fragile network is a useful device demonstrating that paperwork, the governing of actors, and personal rivalries are as important as broader economic changes in explaining the development of a novel insurance product in this period.

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