scholarly journals Immigration as a Social Stratification Factor in Paris: A Territorial Differentiation Analysis

2020 ◽  
Vol 13 (1) ◽  
pp. 63-83
Author(s):  
D. P. Shatilo
Keyword(s):  
Real Estate ◽  
Social Housing ◽  
Housing Prices ◽  
Developed Countries ◽  
Settlement Pattern ◽  
Real Estate Market ◽  
Interesting Case ◽  
Territorial Differentiation ◽  
Real Estate Prices ◽  
The City

Paris is one of the most interesting examples of immigrants’ settlement pattern in the city. At various historical immigration stages, different immigrants groups settled in certain areas. Immigration policy, real estate prices differentiation, and the distribution of social housing have led to the concentration in some areas people from developing and poor countries. Sometimes they create a tense situation in the region and even in the city in general. These areas combine the signs of the “ghettos”, which has been denied for a long time by authorities. Considering the immigrants territorial structure, the housing prices, incomes, distribution of social housing, unemployment, the author reveals the features of the territorial differentiation in Paris. Data on the cost of real estate prices was collected according to the author’s algorithm. The differentiation of the residential real estate market in the Paris department is an interesting case. There also was found a correlation between the housing prices and the immigrants’ settlement pattern. However, there are immigrants from developed countries (for example, the USA, Japan), and from developing once in Paris. That is why in “expensive” areas there can be observed a large share of immigrants, as well as a small one. Immigrants from Algeria, Morocco and Tunisia settle in the northern part of the Petit-Couronne. On the Val-de-Marne department in southeastern periphery, there is a small concentration of immigrants from Portugal. Turkish immigrants mostly live in the SeineSaint-Denis department. The ambiguous effect of the immigrants settlement pattern on income, unemployment and social housing was revealed. The comparison of all factors revealed a mosaic territorial distribution.

scholarly journals COVID-19 Infects Real Estate Markets: Short and Mid-Run Effects on Housing Prices in Campania Region (Italy)

2020 ◽  
Vol 9 (7) ◽  
pp. 114 ◽  
Author(s):  
Vincenzo Del Giudice ◽  
Pierfrancesco De Paola ◽  
Francesco Paolo Del Giudice
Keyword(s):  
Real Estate ◽  
Housing Prices ◽  
Real Estate Market ◽  
Campania Region ◽  
Real Estate Markets ◽  
The Real ◽  
The Real Estate ◽  
Short Run ◽  
Predator Model ◽  
Real Estate Prices

The COVID-19 (also called “SARS-CoV-2”) pandemic is causing a dramatic reduction in consumption, with a further drop in prices and a decrease in workers’ per capita income. To this will be added an increase in unemployment, which will further depress consumption. The real estate market, as for other productive and commercial sectors, in the short and mid-run, will not tend to move independently from the context of the aforementioned economic variables. The effect of pandemics or health emergencies on housing markets is an unexplored topic in international literature. For this reason, firstly, the few specific studies found are reported and, by analogy, studies on the effects of terrorism attacks and natural disasters on real estate prices are examined too. Subsequently, beginning from the real estate dynamics and economic indicators of the Campania region before the COVID-19 emergency, the current COVID-19 scenario is defined (focusing on unemployment, personal and household income, real estate judicial execution, real estate dynamics). Finally, a real estate pricing model is developed, evaluating the short and mid-run COVID-19 effects on housing prices. To predict possible changes in the mid-run of real estate judicial execution and real estate dynamics, the economic model of Lotka–Volterra (also known as the “prey–predator” model) was applied. Results of the model indicate a housing prices drop of 4.16% in the short-run and 6.49% in the mid-run (late 2020–early 2021).

scholarly journals Evaluation of impact of the Covid-19 pandemic on rental housing prices in the city of Brno between 2020 and 2021

2022 ◽  
Vol 132 ◽  
pp. 01024
Author(s):  
Petr Junga ◽  
Radka Smolinská ◽  
Tomáš Krulický ◽  
Veronika Machová
Keyword(s):  
Real Estate ◽  
Housing Prices ◽  
Rental Housing ◽  
Real Estate Market ◽  
Market Development ◽  
Basic Principles ◽  
The Real Estate ◽  
Experimental Part ◽  
The Real Estate Market ◽  
The City

The aim of the paper is an application of the basic principles in determining rental housing prices and factors that may affect them. In the experimental part, an analysis of rental housing in the city of Brno is performed for the 2020 – 2021 period affected by the covid-19 pandemic. The analysis is processed for individual city districts and divided according to apartment layout. Finally, all outputs are compared and the real estate market development is determined with a focus on the biggest changes and their occurrence.

scholarly journals Analysis of Urban Residents' Sports Consumption Demand Based on Intercepted Regression Model

2021 ◽  
Vol 2021 ◽  
pp. 1-10
Author(s):  
Qing Liu
Keyword(s):  
Real Estate ◽  
Housing Prices ◽  
Real Estate Market ◽  
Survey Method ◽  
Real Estate Industry ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Price ◽  
Real Estate Prices ◽  
The Impact

At this stage, broadening the consumer market, upgrading the consumption system and gradually establishing a consumption-led development concept are key factors in promoting high-quality economic development. At the same time, China's macro economy is also experiencing another test. The rapid development of China's real estate market in recent years has attracted a large number of investors, and real estate prices have produced irrational and substantial increases. Behind the boom of the real estate market is a social system crisis driven by profiteering and the growing seriousness of real estate financial bubble. So exploring the mechanism of the influence of real estate prices on the upgrading of residents' consumption is important for the current stage of China. Therefore, it is important to investigate the mechanism of real estate price impact on consumer upgrading for the coordinated development of real estate industry and national economy. In this paper, we analyze and examine the theory on the consumption improvement by the literature survey method. We also summarize the present research on the correlation and the influence mechanism of the real estate price and the consumption improvement and choose the index which reflects the present state of the real estate industry and the consumption of the inhabitant. Besides the input indicators that qualitatively manage the impact of housing prices on the improvement of residents' consumption, we first use the descriptive statistics method to understand the level of the Chinese real estate market and improve consumer spending. Based on this, the descriptive statistical method is applied to define the current state of China's real estate market and the level of improvement in consumption, and to define the standard for improving consumption in China. On the other hand, based on the spatial and spatial spillover points of view, we use spatial analysis framework combined with exploratory spatial data analysis and GIS to investigate spatial correlation between consumption structure and housing price, and accurately reflect the spatial clustering status of the index by drawing. Moran dispersion plot and Lisa cluster plot, then the spatial Darwinian model, are used to investigate the impact of real estate prices on the increase in occupant consumption from a macro perspective.

scholarly journals Residential factor of forming the territory’s value of the Lviv city

2016 ◽  
pp. 72-78
Author(s):  
V. Zapototska ◽  
O. Levytska ◽  
I. Horyn
Keyword(s):  
Real Estate ◽  
Housing Prices ◽  
Real Estate Market ◽  
Secondary Market ◽  
Transport Infrastructure ◽  
Full Time ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
The City

In this article we consider the theoretical and applied principles of formation of the cost of residential areas of Lviv. Some factors of supply were evaluated such as: availability of housing, the exploitaition of housing, foreign direct investments, the amount of construction works. The assessment of activity indicators of the real estate market in the regions was done. Maximum of residential real estate of the secondary market of Lviv, which were on sale in 2015, was observed in FrankIvskiy region (20.0% of all objects), because it has a high degree of intensity of functioning of the real estate market in this segment. However, in Sykhivskiy region the development of secondary real estate is retarded, despite of the significant amounts of housing. An analysis of the price indices of housing in the city allowed to the authors to identify five areas of pricing, to analyze property values of the areas of the city and to outline the reasons of differentiation. The first – Central area – includes Galitskiy array. The second – middle zone – consists of Zaliznichniy, Frankivskiy, Shevchenkivskiy and Lychakivskyi arrays and Lychakiv, Pogulyanka and the New Lviv. The third – peripheral urban area – covers Levandivka, Sriblyastiy, Veliki Kravchitsi, Znesinnia, Mayorivka, Kozelnyky, Sihiv and Sykhivskiy array Bodnarivka, Kulparkiv, Zamarstyniv and Zboyischa. The fourth – peripheral area – includes Syhnivka and Ryasne. The fifth – neighborhood peripheral zone– applies to the Lysynachi and Ryasne-2. The authors managed to create a map of the potential fields in a cost of residential development in the city. The amount of new buildings in the city’s area also was analyzed in the work. According to the forecast which was made by using analytical methods of smoothing and leveling till May 2017, prices in secondary market of all areas of Lviv will gradually decrease in average house. Naturally, the highest values in prices will occur in the central and middle areas. The reason is that the investigated territory is the historical center of the city, which has a high level of service industry. This part of city has the highest level of industrial production and sales of industrial products. It also constantly focuses on development of trade and providing the local population with qualitative goods and services. Housing prices will be the lowest in peripheral approximate, peripheral and remote peripheral areas of Lviv, which are the youngest and the most isolated among other areas of the city. There are also green areas in Lviv which are characterized by insufficient availability of social facilities. The main problem here is transport infrastructure. It needs development and improvement because the locals daily faced with serious problems both during arrival at work or school and when they return home. In the work also were conducted the calculations of tightness connection (correlation) parameters of the commissioning of housing, retail turnover volume of enterprises of direct investment, the quantity of people and the average nominal wage by an average of one full-time employee. The result of the reseach is a tight connection between the commissioning of housing and retail turnover of enterprises and average nominal wages on average one staff member. It has a linear character and it’s positive. However, direct investments and quantity of population in general are not related to the investigation process.

scholarly journals Real Estate Exotic Options based on Black-Scholes model (BSM)

2021 ◽  
Vol 4 (3) ◽  
pp. 36-40
Author(s):  
Yihang Dong ◽  
Pengyun Wang ◽  
Weixin Zhang ◽  
Yixuan He
Keyword(s):  
Real Estate ◽  
Housing Prices ◽  
Time Frame ◽  
Real Estate Market ◽  
Exotic Options ◽  
The Real Estate ◽  
Black Scholes Model ◽  
Black Scholes ◽  
The Real Estate Market ◽  
Real Estate Prices

This paper analyzed the issue of high housing prices in China in view of exotic options using the traditional BSM and improved it while applying it to the current situation in the real estate market. A certain set time frame in the purchase of the options with real estate prices was designed in the implementation of exotic option pricings to ease the speculative pressures caused by high housing prices.

scholarly journals Population Aging, Mobility, and Real Estate Price: Evidence from Cities in China

2018 ◽  
Vol 10 (9) ◽  
pp. 3140 ◽  
Author(s):  
Xinrui Wang ◽  
Eddie Hui ◽  
Jiuxia Sun
Keyword(s):  
Real Estate ◽  
Population Aging ◽  
Housing Prices ◽  
Real Estate Market ◽  
Dependency Ratio ◽  
Regional Migration ◽  
Urbanization Level ◽  
The Sustainable Development ◽  
The Relationship ◽  
The City

Demographic factors are crucial to the sustainable development of one country. China’s population is aging at an accelerating rate and, together with the increasing mobility between cities, some special demographic issues have formed, which is quite related to the urban real estate market. The paper aims to investigate how the population aging and mobility affect housing prices at the city level, by using a set of two-period panel data of 294 prefecture-level cities in China. The results show that an increase in elderly dependency ratio by 1% leads to a rise in housing prices by 0.368%. Meanwhile, an increase in urbanization level by 1% drives up housing prices by about 0.139%, and a rise in the ratio of inter-regional migration by 1% will increase housing prices by about 1.038%. Furthermore, the policy of purchase limits could weaken the positive impacts of elderly dependency ratio and inter-regional migration on housing prices and, thus, plays a moderating role on the relationship between demographic structure and housing prices.

scholarly journals North beltway of Cracow - selected elements of impact on the environment and the real estate market

2019 ◽  
Vol 86 ◽  
pp. 00009
Author(s):  
Krzysztof Butryn ◽  
Elżbieta Jasińska ◽  
Oleksandra Kovalyshyn ◽  
Edward Preweda
Keyword(s):  
Air Pollution ◽  
Real Estate ◽  
Real Estate Market ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Transport Line ◽  
Real Estate Prices ◽  
The City ◽  
Real Estates

The construction of such a large road facility as the city beltway can not have an impact on the environment. In addition to the obvious benefits to transport, attention should be paid to the environment of the area, in particular noise and air pollution. In December 2017, the Minister of Infrastructure and Construction signed the investment program for the implementation of the northern Krakow bypass road. General Directorate for National Roads and Motorways, the Kraków branch has announced an open tender for its implementation into the EU. Today, in our tender for the design and construction of the northern bypass road of Krakow, 8 offers was received. All tenderers give the date of completion of all works within 47 months. The length of the two-lane section of the beltway is about 12 km, each roadway will have 3 lanes. The POK (North Beltway od Cracow) will run mostly in the area of the Zielonki commune, through the towns of: Zielonki, Bibice, Węgrzce, Bosutów, Dziekanowice and Batowice. The analysis carried out show a very large increase in the value of real estates located in the northern part of Krakow and adjacent areas in recent years. According to the authors, the construction of the northern beltway and easier access to the center of Krakow through the modernization of the November 29 avenue will contribute to even greater interest in real estates located in this area. Real estate prices will certainly increase, rather only at the beginning of the investment. Residents will gain the comfort of an alternative transport line, but there will also be an increase in noise and air pollution, which is a particularly important problem in and around Krakow. The article presents the validation of these three issues in relation to changes in the real estate market in the commune of Zielonki.

scholarly journals Urbanization processes related to the development of residential functions in gminas adjacent to the city of Olsztyn

2016 ◽  
Vol 33 (33) ◽  
pp. 131-143 ◽  
Author(s):  
Agnieszka Szczepańska
Keyword(s):  
Real Estate ◽  
Urban Areas ◽  
Construction Projects ◽  
Real Estate Market ◽  
Social Changes ◽  
Single Family ◽  
Social Infrastructure ◽  
Political Transformations ◽  
Real Estate Prices ◽  
The City

Abstract Political transformations in Poland have led to rapid suburbanization. Suburbias are beginning to develop functions and services characteristic of urban areas. The highest rate of growth is noted in residential development, in particular in the segment of single-family homes. Those developments bring about changes in demographics and social infrastructure. This study analyzes 4,000 real estate transactions conducted in 2007-2014, involving land plots zoned for residential construction, in order to determine the spatial changes that take place in the gminas adjacent to the city of Olsztyn, in view of the development of the local real estate market. The major trends relating to the number of concluded transactions, changes in real estate prices over time, the number of completed construction projects (new single-family homes) and changes in land-use structure are described. Demographic and social changes that inevitably follow from urbanization are described in the analyzed gminas. The results of this study will be used to determine whether Olsztyn’s suburbias are merely “bedroom communities” or whether they constitute autonomous territorial units.

scholarly journals The Dynamics Of Time Series Of Real Estate Prices

2015 ◽  
Vol 23 (4) ◽  
pp. 35-43 ◽  
Author(s):  
Miroslaw Belej ◽  
Slawomir Kulesza
Keyword(s):  
Time Series ◽  
Real Estate ◽  
Autocorrelation Function ◽  
Evolutionary Dynamics ◽  
A Priori ◽  
Housing Prices ◽  
Real Estate Market ◽  
Stable States ◽  
The Real Estate ◽  
Real Estate Prices

Abstract The presented research aims to contribute to the concerns regarding the evolutionary dynamics of the real estate market, seen as an open system flowing from one equilibrium state into another. In such quasi-stable states, real estate markets are thought to change only slightly with elapsed time, but occasionally, a sudden jump, during which the markets undergo changes of structural origin, might occur as well. Hence, the paper contains an analysis of the dynamics of time series of housing prices in order to distinguish between processes of different time scales. Research was performed assuming a priori distributions of the variables, and using the autocorrelation function together with the partial autocorrelation function for detailed data analysis.

scholarly journals The Influence Of Financing On The Dynamics Of Housing Prices

2014 ◽  
Vol 14 (2) ◽  
pp. 101-113
Author(s):  
Mirosław Bełej ◽  
Sławomir Kulesza
Keyword(s):  
Real Estate ◽  
Open Systems ◽  
Housing Prices ◽  
Real Estate Market ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Real Estate Prices ◽  
National Housing

Abstract Real estate market can be thought of as an open, dynamic system. It means that it is able to exchange stimuli with other open systems, and that its state evolves in a way that might be described mathematically. It turns out that two main processes contribute to the overall evolution of the real estate market: long-term, predictable evolution, interrupted by sharp changes of catastrophic origin. In this picture, national housing funds play an important role in supporting the housing finance: on one hand they could either stimulate or suppress the real estate market influencing the availability of the mortgage credit, but on the other hand, they could also help to stabilize prices. In this study, an attempt was made to determine the degree of relationship between the volume of mortgage financing from national housing funds and the dynamics of real estate prices.

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