scholarly journals Titulación de la propiedad y mercado inmobiliario / Property Deeds and Real Estate Market

2010 ◽  
Vol 25 (3) ◽  
pp. 625 ◽  
Author(s):  
Julio Calderón Cockburn
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Land Market ◽  
Formal Property ◽  
Property Value ◽  
Real Estate Markets ◽  
The City ◽  
Property Markets ◽  
The Way

En este estudio se analiza la relación entre la tenencia de títulos de propiedad (registrados) y los mercados inmobiliarios en aquellas zonas de la ciudad cuyo origen fue informal o ilegal. Al hacerlo se plantean cuestionamientos a los presupuestos internacionales y se encuentran paradojas en el funcionamiento del mercado de suelo popular. La metodología es cuantitativa y cualitativa. Las conclusiones muestran que en los asentamientos no consolidados la tenencia de un título de propiedad contribuye a conferir un mayor valor a los predios en relación con los que no están titulados. No obstante, el título de propiedad no necesariamente induce al predominio de los mercados inmobiliarios formales; más bien se mantienen las tendencias que apuntan a las transacciones informales en cuanto a alquileres, compras y ventasAbstractThis study analyzes the link between the ownership of property deeds (registered) and real estate markets in parts of the city whose origin was either informal or illegal. By doing so, it raises questions about international assumptions and finds paradoxes in the way the popular land market operates. The methodology used is both quantitative and qualitative. The conclusions show that in unconsolidated settlements, ownership of title deeds increases property value. Title deeds do not however, increase the predominance of formal property markets. On the contrary, the tendency to engage in informal transactions regarding rent and buying and selling continues to exist.

The dynamics of return co-movements and volatility spillover effects in Greater China public property markets and international linkages

2014 ◽  
Vol 32 (6) ◽  
pp. 610-641 ◽  
Author(s):  
Kim Hiang Liow
Keyword(s):  
Real Estate ◽  
Spillover Effects ◽  
Real Estate Market ◽  
Market Volatility ◽  
Volatility Spillover ◽  
Content Type ◽  
Real Estate Markets ◽  
Volatility Spillovers ◽  
Public Property ◽  
Property Markets

Purpose – The purpose of this paper is to examine weekly dynamic conditional correlations (DCC) and vector autoregressive (VAR)-based volatility spillover effects within the three Greater China (GC) public property markets, as well as across the GC property markets, three Asian emerging markets and two developed markets of the USA and Japan over the period from January 1999 through December 2013. Design/methodology/approach – First, the author employ the DCC methodology proposed by Engle (2002) to examine the time-varying nature in return co-movements among the public property markets. Second, the author appeal to the generalized VAR methodology, variance decomposition and the generalized spillover index of Diebold and Yilmaz (2012) to investigate the volatility spillover effects across the real estate markets. Finally, the spillover framework is able to combine with recent developments in time series econometrics to provide a comprehensive analysis of the dynamic volatility co-movements regionally and globally. The author also examine whether there are volatility spillover regimes, as well as explore the relationship between the volatility spillover cycles and the correlation spillover cycles. Findings – Results indicate moderate return co-movements and volatility spillover effects within and across the GC region. Cross-market volatility spillovers are bidirectional with the highest spillovers occur during the global financial crisis (GFC) period. Comparatively, the Chinese public property market's volatility is more exogenous and less influenced by other markets. The volatility spillover effects are subject to regime switching with two structural breaks detected for the five sub-groups of markets examined. There is evidence of significant dependence between the volatility spillover cycles across stock and public real estate, due to the presence of unobserved common shocks. Research limitations/implications – Because international investors incorporate into their portfolio allocation not only the long-term price relationship but also the short-term market volatility interaction and return correlation structure, the results of this study can shed more light on the extent to which investors can benefit from regional and international diversification in the long run and short-term within and across the GC securitized property sector, with Asian emerging market and global developed markets of Japan and USA. Although it is beyond the scope of this paper, it would be interesting to examine how the two co-movement measures (volatility spillovers and correlation spillovers) can be combined in optimal covariance forecasting in global investing that includes stock and public real estate markets. Originality/value – This is one of very few papers that comprehensively analyze the dynamic return correlations and conditional volatility spillover effects among the three GC public property markets, as well as with their selected emerging and developed partners over the last decade and during the GFC period, which is the main contribution of the study. The specific contribution is to characterize and measure cross-public real estate market volatility transmission in asset pricing through estimates of several conditional “volatility spillover” indices. In this case, a volatility spillover index is defined as share of total return variability in one public real estate market attributable to volatility surprises in another public real estate market.

scholarly journals Property Value, Urban Quality and Maintenance Condition: A Hedonic Analysis in the City of Naples, Italy

2014 ◽  
Vol 11 ◽  
pp. 560-565 ◽  
Author(s):  
Vincenzo del Giudice ◽  
Francesca Torrieri ◽  
Pierfrancesco de Paola
Keyword(s):  
Real Estate ◽  
Public Space ◽  
Urban Space ◽  
Property Values ◽  
Public Spaces ◽  
Real Estate Market ◽  
Property Value ◽  
Standard Requirement ◽  
The Impact ◽  
The City

The article examines the relationship between property value and level of conservation of public urban space. While many studies have examined the effect of proximity of open space, parks, and trees on property value, there has been few examination of how projects of urban revitalization and ordinary and extraordinary maintenances of public spaces can influence property values. While intuition can suggest that a low level of quality and maintenance of a public space can negatively affect property value, even if the standard requirement of public spaces and services are meet, this yet to be empirically proven.We proposes the application of a new econometric models for quantitative analysis of the characteristics of real estate property (Generalized Additive Model), to assess the impact of maintenance condition on property values, due to the better prevision that these functions can obtain in a real estate market context.The control of the formal and logical adequacy of the proposed theoretical model is referred to the case study under analysis, in the city of Naples. The results obtained show that a well preserved urban environment influences property price by approximately 6%. The experimental test of the model has provided results that, by reason of their formal consistency with the results obtained in other contexts, can be considered representative of the effectiveness of the methodology proposed.

Visual Documents, Property Archives, and the Map of the City of Rome: 1563–1712

2012 ◽  
Vol 71 (3) ◽  
pp. 278-305
Author(s):  
David Friedman
Keyword(s):  
Sixteenth Century ◽  
Real Estate ◽  
Real Estate Market ◽  
Fundamental Change ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
First Time ◽  
The City ◽  
The Way

The libri delle case are inventories of buildings that were produced by the pious institutions of Rome—convents, confraternities, hospitals—beginning in the second half of the sixteenth century. They are based on images—first plans, later elevations and even sections—and for that reason are different from all earlier inventories. In Visual Documents, Property Archives, and the Map of the City of Rome: 1563–1712, David Friedman discusses how the introduction of images transformed both the organization and the content of the archives. Introduced at a moment of dramatic change in the real estate market, they are the means by which the documentary record focused for the first time on the physical qualities of property. The plans document a fundamental change in the way the city itself was understood. First recorded as isolated objects, the houses of the later libri are set in increasingly wide physical contexts, reflecting a vision of the city as a continuous spatial field.

scholarly journals Accessibility of Real Estate by Transportation as a Determinant of the Development of Suburban Real Estate Markets – Case Study

2016 ◽  
Vol 24 (1) ◽  
pp. 5-18 ◽  
Author(s):  
Ada Wolny
Keyword(s):  
Land Use ◽  
Real Estate ◽  
Transportation Network ◽  
Complex Structure ◽  
Real Estate Market ◽  
Real Estate Markets ◽  
Public Road ◽  
Transportation Accessibility ◽  
The Impact ◽  
The City

Abstract The aim of this article is to show the accessibility of real estate by transportation as a factor that significantly determines the decision to acquire it. Direct access to a public road, or access to an internal road that provides communication with the public road, are a factor affecting the value of real estate. In addition, this factor is taken into account in the process of changing the function of the area, especially in determining zoning and land use. The decision of purchasing real estate often depends on transportation accessibility, because it has an impact on developing the selected plot. Suburban real estate markets, as markets exposed to particularly strong investment pressure, develop depending on the influx of external investors and the local transportation network. Here, the smaller the distance from the city center, the greater the building concentration; nevertheless, it is still important to improve transportation links and create a well-developed local transportation network. The provision of access to main roads on the rapidly growing market is in the interest of local authorities implementing spatial policy. It is also a challenge for real estate investors taking on the initiative in the scope of transforming land use. The analysis of the impact that transportation accessibility has on the development of the real estate market was conducted on the example of two selected suburban communes bordering the city of Olsztyn - Dywity and Stawiguda. Transactions on the local real estate market entered into during a period of five years were subjected to analysis. The results of the research revealed concentrations of transactions of real estate located on the outskirts of the city or in areas well-communicated with Olsztyn. The conducted research also indicates that, due to the activity of investors, a network of internal roads creating a complex structure was formed.

scholarly journals REAL ESTATE MARKET RATING – NEED OR NECESSITY?

2013 ◽  
Vol 21 (4) ◽  
pp. 54-64
Author(s):  
Małgorzata Renigier-Biłozor ◽  
Radosław Wiśniewski
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
Growth Potential ◽  
Rating Systems ◽  
Real Estate Markets ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Property Markets

Abstract Rating systems developed in Poland and other countries are generally used to evaluate the performance of businesses, organizations, institutions and even entire economies. Comprehensive solutions for assessing real estate markets and individual properties have never been proposed (several systems for evaluating mostly commercial real estate have been developed). This deficiency could be attributed to an absence of databases describing the real estate market and market changes as well as a shortage of coherent methods for analyzing real estate markets. In most cases, however, market phenomena may be difficult to classify because they involve behavioral, social and stochastic elements. This article analyzes the existing systems for rating and ranking markets in different Polish regions and cities. They were compared with information about the classification of real estate markets on the example of selected property markets in Poland. Selected categories were evaluated to determine whether rating methods for real estate markets, including housing markets, should be developed for different Polish cities and regions. The growth potential of local real estate markets was also analyzed.

scholarly journals Predicting real estate market trends and value using pre-processing and sentiment text mining analysis

2021 ◽  
pp. 35-43
Author(s):  
Nikolay Sinyak ◽  
Singh Tajinder ◽  
Jaglan Madhu Kumari ◽  
Vitaliy Kozlovskiy
Keyword(s):  
Social Media ◽  
Text Mining ◽  
Real Estate ◽  
Real Estate Market ◽  
Media Analysis ◽  
Market Information ◽  
Real Estate Markets ◽  
The Real Estate ◽  
Crowd Wisdom ◽  
Market Trends

Ubiquitous growth in the text mining field is unprecedented, where social media mining is playing a significant role. Gigantic growth of text mining is becoming a potential source of crowd wisdom extraction and analysis especially in terms of text pre-processing and sentiment analysis. The analysis of a potential influence of sentiment on real estate markets controversially discussed by scholars of finance, valuation and market efficiency supporters. Therefore, it’s a significant task of current research purview which not only provide an appropriate platform for the contributors but also for active real estate market information seekers. Text mining has gained the widespread attention of real estate market information users which is almost on explosion level. Accessibility of data on such behemoth scale mandates regular and critical analysis of this information for various perspectives’ plausibility. Rich patterns of online social text can be exploited to extract the relevant real estate information effectively. As text mining plays a significant and crucial role in discovery of these insights therefore its challenges and contribution in social media analysis must be explored extensively. In this paper, we provide a brief about the current summary of the modern state of text mining in pre-processing and sentiment for the real estate market analysis. Empha-sis is placed on the resources and learning mechanism available to real estate researchers and practitioners, as well as the major text mining tasks of interest to the community. Thus, the main aim of this chapter is to expound and intellectualize the domains of social media which are accessible on an extraordinary range in the field of text mining real estate for predicting real estate market trends and value.

scholarly journals La rehabilitación urbana como integración en la ciudad: Modelo de análisis desde la experiencia española

REVISTARQUIS ◽  
2016 ◽  
Vol 5 (2) ◽  
Author(s):  
Ángela Matesanz Parellada ◽  
Agustín Hernández Aja
Keyword(s):  
Real Estate ◽  
Urban Policy ◽  
Integrated Approach ◽  
Real Estate Market ◽  
Environmental Crisis ◽  
Sustainable Urban Development ◽  
Analysis Framework ◽  
Policy Interventions ◽  
Disadvantaged Neighbourhoods ◽  
The City

ResumenDesde Europa, en un contexto global de crisis económica, social y ambiental, agravado en el caso español por las consecuencias de la burbuja inmobiliaria, se preconiza la apuesta por la Regeneración Urbana Integrada enmarcada dentro de la Estrategia de Desarrollo Urbano Sostenible Integrado (MHAP, 2015). Aunque ambas estrategias tienen continuidad con el modelo de intervención urbana territorializada de enfoque integrado, impulsadas mediante programas de financiación europeos y dirigidas a barrios desfavorecidos, se incorpora la visión, hasta ahora poco visible, de la necesidad de considerar estas áreas como parte de una ciudad concebida como un todo y en la que resulta fundamental el equilibrio entre sus partes. Esta idea de la rehabilitación urbana como una herramienta de cohesión global, apenas tratada hasta ahora, precisa de un nuevo marco que permita evaluar los resultados de las acciones desarrolladas hasta la fecha, de forma que sus experiencias puedan servir de base para desarrollar nuevas propuestas.Este artículo parte de la necesidad, urgente en el contexto español en el que se enmarca, de definir un nuevo modelo de rehabilitación urbana, que además de integrar las políticas sectoriales y la participación de todos los agentes, incluya el objetivo de la integración de los barrios en un modelo integrado de ciudad. Para ello, plantea un modelo de análisis del objetivo de integración que supere las metodologías, en muchos casos sectoriales, de las actuales políticas e intervención en barrios. AbstractIn the European context of economic, social and environmental crisis, we find theSpanish case where its context is hardly worse, as consequences of an economic model based on real estate market. From this point the European Union’s commitment advocates the Integrated Urban Regeneration framed in the overall context of the strategy for Integrated Sustainable Urban Development (MHAP, 2015). Moreover, both strategies establish some continuity with the line of area-based urban interventions with integrated approach promoted by European programs and targeted on disadvantaged neighbourhoods. Equally the vision of the city as a whole and the necessary balance between its parts has been incorporated to them. This last issue, treated so far in a context with falling interest in planning, requires a new analysis framework to assess the actions taken and also to date and serve as a basis for developing new proposals.Therefore, it is considered the urgency in defining a new model of urban rehabilitation in Spain, which integrates sectoral policies and the (real) participation of all actors, so that, the paper will be based on the need of the neighbourhood’s integration into the city. It is also purposed a possible base of analysis for such integration, which might improve or get over the current urban policy interventions in neighbourhoods.

scholarly journals Street Names through Sociological Lenses. Part II: Constructionism and Utilitarianism

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Mihai Stelian Rusu
Keyword(s):  
Social Change ◽  
Real Estate ◽  
Urban Space ◽  
Social Constructionism ◽  
Place Branding ◽  
Real Estate Market ◽  
Previous Issue ◽  
The Real Estate ◽  
The Real Estate Market ◽  
The City

AbstractAs toponymic means of inscribing urban space, street names have been addressed mainly by human geographers, who have articulated the field of critical place-name studies. In this paper, I continue the endeavor started in the previous issue published in Social Change Review of reading street names through sociological lenses. Whereas in the first part of this two-part contribution the analysis was made from functionalist and conflictualist perspectives, this second and final part employs social constructionism and the utilitarian theoretical tradition in making sociological sense of street nomenclatures. First, conceiving of street names as forming discursively constructed linguistic landscapes, the paper shows how urban namescapes – the “city-text” – are written, erased, and rewritten to reflect the shifting political powers. Second, the paper examines the neoliberal processes of place branding and toponymic commodification by which street names are turned into sought-after urban commodities with transactional value on the real estate market. The paper concludes by inviting sociologists to join the conversation on street names, which should become an important topic of sociological reflection.

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