scholarly journals The Impact of Property Management on the Value of Residential Product in Saudi Arabia

2019 ◽  
Vol 2 (2) ◽  
pp. p99
Author(s):  
Omar M. Al-Otaibi ◽  
Waleed S. Alzamil
Keyword(s):  
Saudi Arabia ◽  
Real Estate ◽  
Management System ◽  
Economic Cost ◽  
Property Management ◽  
Residential Properties ◽  
Real Value ◽  
Management Institutions ◽  
Real Estate Management ◽  
The Impact

This paper discusses the impact of property management in maintaining the value of residential product in Saudi Arabia. The paper reviewed a comparison of two property models: the first is managed by the property management system, and the second is managed by the owner only. In addition, the field questionnaire was used and distributed to a sample of the study community consisting of 125 real estate management institutions and real estate office in Riyadh. The results of the analysis indicate that property management contributes to raising the quality of the residential product and maintaining its market value. The residential product which managed by the property management system loses 10% of its value after 5 years. On the other hand, the product that managed by the owner loses more than 50% of its real value after 5 years. The paper proposes to strengthen cooperation between governmental and private institutions to establish a Real Estate Data Center (REDC) for the classification of residential properties subject to the criteria of management, quality and economic cost.

scholarly journals Property Valuation in the Property Management System: Analysis of Conceptual Problems

2020 ◽  
Vol 24 (1) ◽  
pp. 194-199
Author(s):  
L. Tymoshchyk ◽  
Keyword(s):  
Real Estate ◽  
Management System ◽  
System Analysis ◽  
Objective Assessment ◽  
Effective Property ◽  
Legal Framework ◽  
Property Management ◽  
Property Valuation ◽  
Conceptual Problems ◽  
The Impact

Introduction. Today, significant property assets in the form of real estate and land are in the possession of Ukraine. To make a profit from property requires an effective management system, an important tool of which is the assessment of property value. Purpose. The main purpose of the article is to consider the obstacles to the development of property valuation as one of the tools of property management. The article also explores the peculiarities of the development of Ukrainian legislation in the field of property valuation and management, presents general recommendations for the development of the property procedure. Results. The author identifies eleven conceptual problems of use and development of property valuation in the property management system. Among the most important is the lack of detailed legislative and procedural support of the property valuation procedure, in particular – the lack of a register of state property (both functionally real estate and unfinished), insufficient regulation of land and property legislation. Insufficient guarantees of observance of the rights to possession and use of property (real estate) are considered as obstacles to the growth of the role of small and medium business, and as a negative trend in the lives of people in the temporarily occupied territory. The influence on the development of property valuation of such market characteristics as competitiveness and lack of free competition, which contribute to the determination of the final value of property such factors as monopoly and government decisions, is analyzed. Conclusions. The process of property valuation occupies a significant place in the process of effective property management, but in our country this procedure is still developing. The author emphasizes that a fair and objective assessment requires, above all, respect for constitutional rights and guarantees in the field of property. The second priority area for improvement is the formation of an integrated and complete legal framework in the areas of property management and land law, the creation of a complete register of all state-owned real estate. It is recommended to pay attention to the need to study the impact of the market on the final valuation. Keywords: property valuation; property management valuation; property valuation mechanism; small business; real estate use right.

scholarly journals Methodology for mapping the average transaction prices of residential premises using GIS

2016 ◽  
Vol 48 (4) ◽  
pp. 161-171 ◽  
Author(s):  
Martyna Sosnowska ◽  
Izabela Karsznia
Keyword(s):  
Real Estate ◽  
Open Data ◽  
Transaction Prices ◽  
Residential Properties ◽  
Choropleth Maps ◽  
Presentation Methods ◽  
Real Estate Prices ◽  
Gis Software ◽  
The Impact ◽  
Selection Of

Abstract Geographic information systems (GIS) and their tools support the process of real estate trading. Of key importance is the ability to visualise information about real estate in the form of maps of average real estate transaction prices. The following study presents a methodology for mapping average real estate transaction prices using GIS. The map development process comprised three main stages. In the first stage, the input data was processed and statistically analysed. Official data came from the Register of Real Estate Prices and Values, and open data from the National Register of Boundaries. The second stage involved the visualization of the data in the form of maps of average apartment prices using the cartographic methods of choropleth maps and diagrams. The commercial tool ArcMap 10.3 and the free Quantum GIS software were used in the design of the maps of average real estate transaction prices, to check the options for using these types of programs. As a result, eight maps were designed presenting the average transaction prices for residential properties in the Warsaw district of Ursynów in 2015. The final stage was the analysis of the designed maps. The influence of the selection of the reference units on the visualization content, and the impact of combining cartographic presentation methods on the complexity of the presentation of real estate information, were also analysed.

scholarly journals Foreign Direct Investments and Real Estate. Practice and Models for a Sustainable Territorial Development. The Lombardia Experience.

ECONOMICS ◽  
2020 ◽  
Vol 8 (2) ◽  
pp. 123-137
Author(s):  
Alberto Celani ◽  
Gianandrea Ciaramella ◽  
Ludovica Lomacci
Keyword(s):  
Real Estate ◽  
Foreign Direct Investments ◽  
Property Management ◽  
Territorial Development ◽  
Foreign Investments ◽  
Corporate Strategies ◽  
The Impact

AbstractThis article analyzes practices of attraction of foreign investments, studying their perspective of territorial competitiveness. The analysis of investment attraction practices is assessed for the impact on the territory, from a territorial enhancement perspective. The perspective of corporate and property management and its complementarity with the needs of territorial competitiveness in a global competitive scenario is analyzed. The methodology follows what has been proposed by the literature for the implementation of corporate strategies, adapting methods and models to the context.

On-Demand Online Real Estate Information System

2013 ◽  
Vol 4 (3) ◽  
pp. 42-67
Author(s):  
Emna Cherif
Keyword(s):  
Real Estate ◽  
Management System ◽  
Value Added ◽  
Chain Management ◽  
Demand Chain ◽  
Supply Chain Management System ◽  
Estate Management ◽  
Real Estate Management ◽  
Functional Components ◽  
Demand Chain Management

Internet is helping change the structure of the residential real estate industry by offering new services in the system aiming to enhance the facilities provided to the user. This would enhance the demand chain management. The first purpose of this paper is to illustrate these changes by specifying the functional components of the demand chain management system for online real estate. The author uses a formal specification language to model the interaction between the online real estate management system, the new entities and the other actors. The proposed online real estate management system includes advanced modules that can be bundled together, creating differentiation and enhancing the value chain. The second objective is to propose a simplified implementation architecture for an integrated demand and supply chain management system for online real estate services. The author chose an open source Customer Relationship Management system as a platform to manage some of the online real estate modules. Other value-added modules are integrated from third-party providers using their open interfaces.

Foreign investment in Australian residential properties

2019 ◽  
Vol 12 (2) ◽  
pp. 166-180 ◽  
Author(s):  
Hassan F. Gholipour ◽  
Hooi Hooi Lean ◽  
Reza Tajaddini ◽  
Anh Khoi Pham
Keyword(s):  
Real Estate ◽  
Foreign Investment ◽  
House Prices ◽  
Real Estate Market ◽  
Housing Development ◽  
Housing Construction ◽  
Annual Data ◽  
Content Type ◽  
Residential Properties ◽  
The Impact

Purpose The purpose of this study is to examine the impact that foreign investment in existing houses and new housing development has on residential house prices and the growth of the housing construction sector. Design/methodology/approach The analysis is based on a panel cointegration method, estimated using annual data for all Australian states and territories spanning the period of 1990-2013. Findings The results indicate that increases in foreign investment in existing houses do not significantly lead to increases in house prices. On the other hand, a 10 per cent increase in foreign investment for housing development decreases house prices by 1.95 per cent. We also find that foreign real estate investments have a positive impact on housing construction activities in the long run. Originality/value Existing studies used aggregate foreign real estate investment in their analyses. As foreign investment in existing houses and foreign investment for housing development have different impacts on the demand and supply sides of housing market, it is crucial that the analysis of the effects of foreign investment in residential properties on real estate market is conducted for each type differently.

Selling a house and the decision to use a real estate broker in Norway

2015 ◽  
Vol 33 (2) ◽  
pp. 173-186
Author(s):  
Mary Ann Stamsø
Keyword(s):  
Real Estate ◽  
Web Sites ◽  
Property Management ◽  
Real Estate Broker ◽  
Sales Price ◽  
Content Type ◽  
Sales Process ◽  
The Usa ◽  
The Impact ◽  
Estate Broker

Purpose – The purpose of this paper is to examine the widespread of property sellers choosing to sell by themselves or through an estate agent, what characterises them and the reason for their choice. In addition the paper contains comparisons of the gap between sales price and asking price between the sales methods and satisfaction with the sales process. This study is the first study of these phenomena carried out in Norway. Design/methodology/approach – The data used for this study was obtained from a national survey including 1,649 house sellers. A logistic regression analysis is used to analyse the impact of household’s characteristics on the sales method. Findings – The main findings of this study are that 83 per cent of the house sellers used an estate agent through the whole sales process and differences in the choices are related to urbanisation, age and education. The most important reason for preferring a real estate broker is that doing the sale on your own is considered too much work. Conversely, the most important reason for doing the sale on your own is that estate agents are too expensive. Those selling without an estate agent were more satisfied and the gap between sales price and asking price was smaller than for those selling through a real estate broker. Originality/value – Issues concerning competition within the market for estate agents should be central topics for property management. Property sellers selling their property by themselves are an important contribution to increase the competition in the market for estate agents. This issue has not been on the agenda in Norway, or in Europe, in the same way as in the USA. This is probably due to the complexity in the legislation and strict laws within property sales in Central and Southern Europe. However, in Norway, UK and in the Nordic countries, the legal system is not complicated. It is rather the lockout of private individuals from the housing web sites and the fact that the property sellers are not familiar with this kind of transaction that has prevented property sellers to sell their house by themselves. Today Norway is one of few countries with a booming housing market, which also has increased the commission for estate agents. From 2010 private individuals got access to advertise their house on the housing web sites in Norway. These have influenced the focus on alternative sales methods.

Online Real Estate Demand Chain Integration

2020 ◽  
pp. 910-944
Author(s):  
Emna Cherif
Keyword(s):  
Real Estate ◽  
Value Chain ◽  
Management System ◽  
Value Added ◽  
Customer Relationship ◽  
Third Party ◽  
Chain Management ◽  
Demand Chain ◽  
Real Estate Management ◽  
Demand Chain Management

In this paper, we propose a solution for demand chain management using APIs (application programming interfaces) integration in the online real estate. We propose online real estate management system that includes advanced modules that can be bundled together, creating differentiation and enhancing the value chain. We propose a simplified implementation architecture for an integrated demand and supply chain management system for online real estate services. We use a formal specification language for specifying the functional components of the demand chain management system and interaction with real estate entities and actors. We choose an open source Customer Relationship Management system as a platform to manage some of the online real estate modules. Other value-added modules are integrated from third-party providers using their open interfaces.

Improvement of the property management system at the municipal level

2020 ◽  
pp. 88-95
Author(s):  
Е.В. Рожков
Keyword(s):  
Real Estate ◽  
Management System ◽  
Local Level ◽  
Property Management ◽  
Advantages And Disadvantages ◽  
Private Person ◽  
Freedom Of Will ◽  
Municipal Level

В статье анализируются данные по сделкам с земельными участками частных лиц, индивидуальных предпринимателей и коммерческих компаний, а также изъятия недвижимости. Автором рассмотрен вопрос о целесообразности проведения национализации на местном уровне в виде изъятия собственности. Рассмотрены преимущества и недостатки проходящих сделок организованными муниципальными органами власти. Представлен промежуточный вывод, говорящий о правоотношениях между частным лицом и муниципалитетом, в которых нет ни равноправия, ни свободы волеизъявления частного лица. The article provides the analyzes data concerning deals with land plots of individuals, individual entrepreneurs and commercial companies, as well as real estate forfeitures. The author considers the feasibility of nationalization at the local level represented as property forfeiture. The advantages and disadvantages of deals being established by municipal authorities are considered within. The intermediate conclusion describing legal relations between a private person and the municipality within which there is neither equality, nor freedom of will of a private person is presented therein.

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