scholarly journals The case of Thermodom: features of operation and development of construction holding companies in the residential real estate market of Penza

2021 ◽  
pp. 22-28
Author(s):  
Boris Khrustalev ◽  
Ekaterina Klyueva ◽  
Sergei Zakharov
Keyword(s):  
Real Estate ◽  
Construction Projects ◽  
Real Estate Market ◽  
Market Potential ◽  
Special Focus ◽  
Market Strategy ◽  
Holding Companies ◽  
Principal Characteristics ◽  
Construction Enterprises ◽  
Real Estate Sales

The article addresses the efficiency of construction holding companies that operate in the housing market of oneRussian region. The main trends in the development of construction holding companies in the Penza region areoutlined within the framework of the Strategy for the social and economic development of the Penza region through2035. The co-authors analyze the principal characteristics of Termodom, a Penza-based construction holdingcompany. In particular, they explore the implementation of its market strategy, the cyclical nature of the housingmarket development, cycles of construction project development and implementation, and real estate sales overthe period exceeding the last five years. Research methods include theoretical analysis and empirical researchsuch as statistical data analysis, as well as data description and grouping. The co-authors have studied workson the operation of construction enterprises, research articles, monographs, electronic resources, and legal acts.Research methods, employed by the co-authors, include description, comparison, and classification. The coauthorsuse practical approaches to the monitoring and analysis of the activities performed by various constructionholding companies with a special focus on the milestones of their strategic development and with regard forthe factors of internal and external environments. This approach has enabled the co-author to project the mainpatterns of future sustainable development of these enterprises and the construction industry as a whole.It is necessary to develop a system of legislative, regulatory and economic standards to efficiently solve the problemof unfinished construction projects, to switch over to innovative technologies and implement other innovations andproper development strategies with a focus on investments, innovations, internal and external market potential. Theproper analysis of factors of external and internal environments is a must for the successful attainment of theseobjectives.

scholarly journals Optimization of the variables selection in the process of real estate markets rating

2015 ◽  
Vol 6 (4) ◽  
pp. 139 ◽  
Author(s):  
Małgorzata Renigier-Biłozor ◽  
Andrzej Biłozor
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Real Estate Market ◽  
Market Potential ◽  
Coherent System ◽  
Essential Information ◽  
Real Estate Markets ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market

The growing significance of the real estate market prompts investors to search for factors and variables which support cohesive analyses of real estate markets, market comparisons based on diverse criteria and determination of market potential. The specificity of the real estate market is determined by the unique attributes of property. The Authors assume that developing real estate market ratings identifies the types of information and factors which affect decision-making on real estate markets. The main objective of  real estate market ratings is to create a universal and standardized classification system for evaluating the real estate market. One of the most important problems in this area is collecting appropriate features of real estate market and development dataset. The main problem involves the selection and application of appropriate features, which would be relevant to the specificity of information related to the real estate market and create a kind of coherent system aiding the decision-making process. The main aim of this study is the optimization of  set of variables that were used to develop the real estate market ratings.  For this purpose, Hellwig’s method of integral capacity of information was applied. In this particular case, the method shows what set of variables provides information most sufficiently. The results lead to obtaining the necessary set of features that constitute essential information which describes the situation on the local real estate market.

scholarly journals Research of the problems of project financing of construction of residential real estate using the escrow account mechanism

2021 ◽  
pp. 176-182
Author(s):  
I. A. Pantyukov ◽  
V. A. Opekunov
Keyword(s):  
Real Estate ◽  
Construction Projects ◽  
Real Estate Market ◽  
Federal Law ◽  
Pricing Policy ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Before And After ◽  
Shared Equity ◽  
Real Estate Prices

The article shows the current situation in the real estate market. The publication considers the main problems of financing investment and construction projects, as well as the use of the escrow account mechanism. The study also proposes the main ways to solve the existing issues. The main focus of the research paper is on the lack of explanations regarding the ability of banks to dispose of money in escrow accounts, credit conditions, as well as the growth in real estate prices when developers switch to a new mechanism of settlement with shareholders. In addition, the authors analysed the pricing policy of developers before and after amendments to Federal Law No. 214-FZ, dated on December 30, 2004 “On Participation in Shared-Equity Construction of Apartment Buildings and Other Real Estate Objects and on Amendments to Certain Legislative Acts of the Russian Federation”. The study presents the possible consequences of introducing amendments to the law, switching to escrow accounts.

scholarly journals RATING METHODOLOGY FOR REAL ESTATE MARKETS – POLAND CASE STUDY

2014 ◽  
Vol 18 (2) ◽  
pp. 198-212 ◽  
Author(s):  
Malgorzata Renigier-Biłozor ◽  
Radoslaw Wisniewski ◽  
Arturas Kaklauskas ◽  
Andrzej Biłozor
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
National Economy ◽  
Real Estate Market ◽  
Market Potential ◽  
Real Estate Markets ◽  
The Real ◽  
The Real Estate ◽  
Local Character ◽  
The Real Estate Market

The development of the real estate market is conditioned by a variety of endogenous and exogenous factors. Selected factors determine the local character of the real estate market, whereas others contribute to its classification as one of the main branches of the national economy. Rapid economic growth and the search for new investment opportunities have turned the real estate market into a highly competitive arena where various players carry out diverse investment strategies. Investors search for similarities that would enable them to develop risk minimizing strategies. Ratings are a modern tool that can be deployed in analyses and predictions of real estate market potential. This paper proposes a methodology for developing real estate market ratings, and it identifies the types of information and factors which affect decision-making on real estate markets. The following research hypotheses are formulated and tested in the article: 1) a real estate market can be rated in view of its significance for the local and national economy, 2) real estate market ratings support market participants in the decision-making process.

scholarly journals Management of Investment and Construction Projects in Terms of Project Financing

2021 ◽  
Vol 12 (2) ◽  
Author(s):  
Natalya Kovalevskaya
Keyword(s):  
Project Management ◽  
Real Estate ◽  
Construction Projects ◽  
Bank Lending ◽  
Real Estate Market ◽  
Project Finance ◽  
Project Financing ◽  
Residential Real Estate ◽  
Legislative Framework ◽  
The Impact

The possibilities of applying the project approach to the financing of investment and construction projects are considered. The article analyzes the implementation of the processes of housing construction project management in the context of changes in the legislative framework and the transition of the activities of real estate developers to project financing. The article considers the features of project finance that are significant for project management as a form of project resource management, which determine its advantages in comparison with traditional bank lending. The expediency of adjusting the project risk management processes in the context of a legally approved transition to project financing is justified. The article analyzes the impact of changes in the legislation regulating the conditions for financing investment and construction projects on the situation in the residential real estate market. The advantages and limitations of project financing for various participants of investment and construction projects in the field of residential real estate are identified.

VALUE ORIENTED PROJECT DEVELOPMENT – EFFECTS OF AN EARLY INTEGRATION OF STAKEHOLDERS TO THE VALUE OF PROPERTIES

2016 ◽  
Vol 3 (1) ◽  
Author(s):  
Edwin Harrer
Keyword(s):  
Real Estate ◽  
Construction Projects ◽  
Process Model ◽  
Relative Difference ◽  
Initial Position ◽  
Real Estate Market ◽  
User Requirements ◽  
Project Development ◽  
Early Integration ◽  
Real Estate Project

Since the beginning of the 1990s there can be watched some mayor changes at the European real estate market. One of them is the tendentiously saturated market, which leads to much higher user requirements and have essential influences on the design of real estate properties. In the future, it is necessary that the design of durable asset properties is suitable for short-changing user requirements. As that, the variability of properties, with the aim of a long-term marketability, will also be a very significant factor to use properties as security for loans. The changings above result in increasingly complex buildings. The rapid advancement in technology and with it the adjustments of norms and regulations, require a quantity of professional disciplines and special knowledge. To that, the number of project participants increases rapidly. Financiers and builders, who usually have little or no expertise in the management of construction projects, are mostly overtaxed. Its overarching objective is the completed building, which correspond to the desired user requirements and deliver the anticipated rate of return. Consequently, the question arises whether the conventional workflow at real estate project development, which is marked by a sequentially participation of the stakeholders, can fulfill these requirements. Or is it more purposeful to put some incentives on the stakeholders and gather them to operate parallel in earlier project phases. From this initial position, the hypothesis is deduced, that the application of an integrated workflow in project development affects the value of real estate properties. The research should give an answer to the questions: firstly, whether the model of an early integration of the participants at real estate project development is suitable to increase the value of properties and secondly, what relative difference of the asset value is between a conventional process and an integrated process model.

A spatiotemporal exploratory analysis of real estate sales in Turkey using GIS

2019 ◽  
Vol 12 (2) ◽  
pp. 207-226
Author(s):  
Saffet Erdoğan ◽  
Abdulkadir Memduhoğlu
Keyword(s):  
Real Estate ◽  
Spatiotemporal Analysis ◽  
Real Estate Market ◽  
Investment Planning ◽  
Annual Average ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Real Estate Sales

PurposeThe purpose of this paper is to examine the real estate sales in Turkey on a district basis to reveal the current state of real estate sales and any meaningful changes in the last period. The real estate market is important and is an indicator of the country’s general economic health, as real estate is seen as an investment.Design/methodology/approachAs a powerful method of spatial analysis and evaluation, geographic information systems have been used to examine real estate data in both spatial and temporal ways. In this study, 14 years of sales data covering the years 2004 to 2017 obtained from government agencies on a district basis were evaluated using spatiotemporal methods. Several maps were produced using Getis-Ord Gi* and local Moran’s I indices, which showed the spatiotemporal change of sales and sales rates.FindingsWhen looking at the maps, provinces such as Istanbul, Ankara, Izmir, Antalya and their surrounding districts have buoyant real estate markets compared to the other side of the country. Real estate sales are more stagnant in the eastern and northern parts of the country. In addition, the authors found that the growth rate of annual average real estate sales was approximately seven times higher than the annual average population growth.Originality/valueThis spatiotemporal study, which presents 14 years of performance data of the real estate market and, by extension, the economic situation, also highlights the regions that stand out for investment planning throughout the country. The results of spatiotemporal analysis also present a new way of real estate market visualization using maps with well-designed categorizations.

scholarly journals Predicting Days on Market to Optimize Real Estate Sales Strategy

Complexity ◽  
2020 ◽  
Vol 2020 ◽  
pp. 1-22
Author(s):  
Mauro Castelli ◽  
Maria Dobreva ◽  
Roberto Henriques ◽  
Leonardo Vanneschi
Keyword(s):  
Machine Learning ◽  
Real Estate ◽  
Real Estate Market ◽  
Machine Learning Algorithms ◽  
Lasso Regression ◽  
The Real Estate ◽  
Sales Strategy ◽  
On Demand ◽  
The Real Estate Market ◽  
Real Estate Sales

Irregularities and frauds are frequent in the real estate market in Bulgaria due to the substantial lack of rigorous legislation. For instance, agencies frequently publish unreal or unavailable apartment listings for a cheap price, as a method to attract the attention of unaware potential new customers. For this reason, systems able to identify unreal listings and improve the transparency of listings authenticity and availability are much on demand. Recent research has highlighted that the number of days a published listing remains online can have a strong correlation with the probability of a listing being unreal. For this reason, building an accurate predictive model for the number of days a published listing will be online can be very helpful to accomplish the task of identifying fake listings. In this paper, we investigate the use of four different machine learning algorithms for this task: Lasso, Ridge, Elastic Net, and Artificial Neural Networks. The results, obtained on a vast dataset made available by the Bulgarian company Homeheed, show the appropriateness of Lasso regression.

scholarly journals Historical development of domestic experience of shared construction of apartment buildings

2021 ◽  
pp. 45-54
Author(s):  
Dar'ya Aleksandrovna Odnopalova
Keyword(s):  
Real Estate ◽  
Construction Projects ◽  
Residential Buildings ◽  
Real Estate Market ◽  
Residential Real Estate ◽  
Apartment Buildings ◽  
The Subject ◽  
Effective Organization ◽  
Modern Experience ◽  
Financing Schemes

Currently, the most common way to finance the acquisition of residential real estate is shared construction, which has its drawbacks. This article discusses the domestic and Russian experience of shared construction, and compares the activities and organizations. The object of research is the financing schemes for residential real estate. The subject of the study is the comparative characteristics of financing schemes for multi-apartment residential buildings. The aim of the study is to analyze the experience of shared construction of multi-apartment residential buildings in the USSR and modern Russia. Summarizing the comparative analysis of the features of the organization and activities of domestic and modern experience in shared construction, we can say that these schemes have similarities in attracting public funds for the construction of multi-apartment buildings and that these mechanisms for acquiring housing in the primary market are not safe for their members. Therefore, there is still a need to develop the most effective organization of financing investment and construction projects in the residential real estate market, providing for the interests of the developer, participant in shared construction, the state and the bank.

scholarly journals Historical development of domestic experience of shared construction of apartment buildings

2020 ◽  
pp. 45-54
Author(s):  
Dar'ya Aleksandrovna Odnopalova
Keyword(s):  
Real Estate ◽  
Construction Projects ◽  
Residential Buildings ◽  
Real Estate Market ◽  
Residential Real Estate ◽  
Apartment Buildings ◽  
The Subject ◽  
Effective Organization ◽  
Modern Experience ◽  
Financing Schemes

Currently, the most common way to finance the acquisition of residential real estate is shared construction, which has its drawbacks. This article discusses the domestic and Russian experience of shared construction, and compares the activities and organizations. The object of research is the financing schemes for residential real estate. The subject of the study is the comparative characteristics of financing schemes for multi-apartment residential buildings. The aim of the study is to analyze the experience of shared construction of multi-apartment residential buildings in the USSR and modern Russia. Summarizing the comparative analysis of the features of the organization and activities of domestic and modern experience in shared construction, we can say that these schemes have similarities in attracting public funds for the construction of multi-apartment buildings and that these mechanisms for acquiring housing in the primary market are not safe for their members. Therefore, there is still a need to develop the most effective organization of financing investment and construction projects in the residential real estate market, providing for the interests of the developer, participant in shared construction, the state and the bank.

scholarly journals RATING ATTRIBUTES TOOLKIT FOR THE RESIDENTIAL PROPERTY MARKET

2017 ◽  
Vol 21 (3) ◽  
pp. 307-317 ◽  
Author(s):  
Malgorzata RENIGIER-BILOZOR ◽  
Radoslaw WISNIEWSKI ◽  
Andrzej BILOZOR
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Real Estate Market ◽  
Market Potential ◽  
Coherent System ◽  
Essential Information ◽  
Real Estate Markets ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market

The growing significance of the real estate market prompts investors to search for factors and variables which support cohesive analyses of real estate markets, market comparisons based on diverse criteria and determination of market potential. The specificity of the real estate market is determined by the unique attributes of property. The authors assumed that developing real estate market ratings identifies the types of information and factors which affect decision-making on real estate markets. The main objective of real estate market ratings is to create a universal and standardized classification system for evaluating the real estate market. One from the most important problem in this area is collection of appropriate features of real estate market and development dataset. The main problem involves the selection and application of appropriate features, which would be relevant to the specificity of information related to the real estate market and create a kind of coherent system aiding the decision-making process. The main aim of this study is to elaboration set of variables (knowledge platform) that were used to elaborate the real estate market ratings. The results lead to obtain the necessary set of features that constitute essential information which describes the situation on the local real estate market.

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