The Impact of Urban Regeneration on Local Housing Markets in Seoul

2019 ◽  
Vol 25 (2) ◽  
pp. 51-66
Author(s):  
Ji-Na Kim ◽  
Seung-Han Ro
Societies ◽  
2018 ◽  
Vol 8 (4) ◽  
pp. 93 ◽  
Author(s):  
Ken Chilton ◽  
Robert Silverman ◽  
Rabia Chaudhrey ◽  
Chihaungji Wang

The U.S. Congress authorized the creation of real estate investment trusts (REITs) in 1960 so companies could develop publically traded real estate investment portfolios. REITs focus on commercial property, retail property, and rental property. During the last decade, REITs became more active in regional housing markets across the U.S. Single-family rental (SFR) REITs have grown tremendously, buying up residential properties across the country. In some regional housing markets, SFR REITs own noticeable shares of single-family homes. In those settings, SFR REITs take large numbers of housing units off of real estate markets where homeownership transactions occur and manage these properties as part of commercial rental inventories. This has resulted in a new category of multiple property owners, composed of institutional investors as opposed to individual investors, which further exacerbates property wealth concentration and polarization. This study examines the socio–spatial distribution of properties in SFR REIT portfolios to determine if SFR REIT properties tend to cluster in distinct areas. This study will focus on the regional housing market in Nashville, TN. Nashville has one of the most active SFR REIT sectors in the country. County tax assessor records were used to identify SFR REIT properties. These data were joined with U.S. Census data to create a profile of communities. The data were analyzed using SPSS statistical software and GIS software. Our analysis suggests that neighborhoods with clusters of SFR REITs fit the SFR REIT business model. Clusters occur in communities with newer homes, residents with higher levels of educational attainment, and middle to upper-middle incomes. The paper concludes with several recommendations for future research on SFR REITs.


2020 ◽  
Vol 12 (18) ◽  
pp. 7305 ◽  
Author(s):  
Maria LopezDeAsiain ◽  
Vicente Díaz-García

This article discusses the approach adopted by the researchers into citizen participation in urban regeneration actions and projects. It describes the concepts of sustainability and habitability in relation to the urban environment and architecture within the framework of improving the resilience of our cities through the circular economy and decarbonisation processes in architecture. The authors review the participatory dimension of different urban regeneration actions carried out in Spain and the impact of this dimension on the results obtained by environmental, economic and social urban improvements. They then define possible strategies and methodological tools for integrating this dimension into traditional urban regeneration processes. The article presents case studies and their specific characteristics, and draws conclusions about their effectiveness and relevance. It also compares citizen-led interventions with interventions led by public administrations. Lastly, the authors analyse the potential reasons for success in these processes and projects, identifying weaknesses and proposing possible strategies for future development by researchers.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sonia Ern Yi Lim ◽  
Frederic Bouchon

Purpose This concept paper aims to discuss the effects of network hospitality on women empowerment in the city of Kuala Lumpur. Design/methodology/approach This paper uses a qualitative approach to analyse women engaged in Airbnb activity as hosts or guests. Findings Findings show new types of entrepreneurs, hospitality services, and socio-cultural expectations under this change. Originality/value The recent growth of Network Hospitality platforms such as Airbnb around the world has generated multiple impacts on urban destinations worldwide. Network hospitality is transforming the way tourism is produced and consumed. Several studies have analysed the impact of network hospitality on destinations’ accommodation and housing markets, the gentrification effects and users’ experience. However, studies on the social impacts of Airbnb in developing economies remain scarce. Network hospitality is creating entrepreneurship and mobility opportunities for women. In the case of Malaysia, there is a noticeable empowerment trend of women through network hospitality.


2020 ◽  
Vol 32 (4) ◽  
pp. 667-686
Author(s):  
Abel Duarte Alonso ◽  
Seng Kiat Kok ◽  
Seamus O'Brien ◽  
Michelle O'Shea

Purpose The purpose of this study is to examine the dimensions of inclusive and grassroots innovations operationalised by a social enterprise and the impact of these activities on urban regeneration. To this end, the case of Homebaked in Liverpool, UK, is presented and discussed. Design/methodology/approach Face-to-face interviews with members of Homebaked’s management, staff and volunteers were conducted; the interviews were complemented with on-site observations and review of archival information of the social enterprise. Findings The data gathered revealed the organisation’s involvement in both types of innovation as a means to achieve long-term urban regeneration related goals. For instance, innovative, strategic and human dimensions, together with the human dimension emerged as key ways of innovating. The impacts of innovative practices comprised encouraging inclusiveness among residents and non-residents, with approaches including hands-on training workshops, job and volunteering opportunities being predominant. Originality/value First, the study advances the theoretical and applied understanding of grassroots and inclusive innovation in the context of a social enterprise. For instance, an innovative/strategic and human dimension emerged as predominant ways in which grassroots and inclusive innovation elements were manifested. These dimensions were based on technology uptake, implementation of new product/service concepts or harnessing the skills of local and non-local individuals. Similarly, four dimensions associated with the impacts of these types of innovation were revealed. Second, the study addresses acknowledged gaps in the literature, particularly regarding the limited contributions illuminating processes and determinants of innovation among social enterprises.


2013 ◽  
Vol 438-439 ◽  
pp. 1830-1835 ◽  
Author(s):  
Pierluigi Morano ◽  
Francesco Tajani

The involvement of the private investor in urban regeneration projects makes the verification of the financial feasibility of the initiative inevitable. Thus, the applicability of Break Even Analysis (BEA) is tested in this study. BEA is a financial analysis technique that allows to study the impact that technical, economic and organizational decisions may have on the financial feasibility of the project. The main methodological and operational aspects of BEA are discussed, with the application of an urban regeneration of a former brownfield site located in a city of Southern Italy being developed. The success of the experiment confirms the possibility to use BEA for the financial analysis of projects, especially in the early design stages.


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