scholarly journals A New Way Of Investing On The Agricultural Real Estate Market In Poland

2014 ◽  
Vol 22 (1) ◽  
pp. 1-8
Author(s):  
Jarosław Szreder ◽  
Piotr Walentynowicz

Abstract When compared to other segments of the market, the agricultural real estate market is a completely different world. While there have been possibilities to observe price corrections over the recent years of the economic crisis, e.g., on the housing market in big cities, on the market of holiday apartments or building plots, the agricultural real estate market remains stable in relation to prices. The average transactional prices of agricultural real properties are gradually growing, and the number of purchase transactions is continuously increasing. Based to the above mentioned trends, the author of the present paper put forward the thesis that investing in agricultural real properties is economically justified during times of economic crisis. One of the best forms of capital investment is that of a limited joint-stock company (S.K.A.).

2019 ◽  
Vol 12 (3) ◽  
pp. 140-152
Author(s):  
S. G. Sternik ◽  
Ya. S. Mironchuk ◽  
E. M. Filatova

In the previous work, G.M. Sternik and S.G. Sternik justified the options for the method of assessing the average current annual return on investment in residential real estate development, depending on the nature and content of the initial data on the costs contained in the sources of information (construction costs or total investment costs). Based on the analysis of the composition of the elements of development costs used in various data sources, we corrected the coefficients that allowed us to move from the assessment of the current annual return on investment in development in relation to the cost (full estimated cost) of construction to the assessment of the current annual return on investment in relation to the total investment costs. This calculation method was tested on the example of the housing market inMoscow. As a result, we concluded it is possible its use for investment management in the housing market. In this article, based on G.M. Sternik and S.G. Sternik’s methodology for assessing the return on investment into the development, and taking also into account the increase of information openness of the real estate market, we improved the calculation formulas, using new sources of the initial data, and recalculated the average market return on investment into the development of residential real estate in the Moscow region according to the data available for 2014–2017. We concluded that, since 2015, the average market return on investment takes negative values, i.e. the volume of investment in construction exceeds the revenue from sales in the primary market. However, in the second half of 2017, the indicator has increased to positive values, which was due to a greater extent of the decrease in the volume of residential construction in the region. The data obtained by us, together with the improved method of calculations, allow predicting with high reliability the potential of the development of the regional markets of primary housing for the purpose of investment and state planning of housing construction programs.


Afrika Focus ◽  
1989 ◽  
Vol 5 (3-4) ◽  
Author(s):  
Jan Van Criekinge

The present day railway system in West Africa is the result of the transportpolicy developed by the colonial powers (France, Great Britain and Germany) at the end of the 19th century. lt is remarkable that no network of railways, like in Southern Africa, was brought about. The colonial railways in West Africa were built by the State or by a joint-stock company within the borders of one colony to export the raw materials from the production centres to the harbours. Nevertheless railways were built for more than economical grounds only, in West Africa they had to accomplish a strategic and military role by "opening Africa for the European civilization". Hargreaves calls railways the "heralds of new imperialism" and Baumgart speaks of the own dynamics of the railways, to push the European colonial powers further into Africa... The construction of a railway needed a very high capital investment and the European capitalists wouldn't like to take risks in areas that were not yet "pacified". It is remarkable how many projects to build a Transcontinental railway right across the Sahara desert largely remained on paper. Precisely because such plans did not materialize, however, the motive force they provided to such imperialist actions as political-territorial annexations can be traced all the more clearly.The French built the first railway in West Africa, the Dakar - St-Louis line (Senegal), between 1879 and 1885. This line stimulated the production of ground-nuts, although the French colonial-military lobby has had other motives. The real motivation became very clear at the construction of the Kayes - Bamako railway. Great difficulties needed the military occupation of the region and the violent recruitment of thousands of black labourers, all over the region. The same problems transformed the building of the Kayes-Dakar line into a real hell. Afterwards the Sine Saloum region has been through a "agricultural revolution", when the local ground-nuts-producers have been able toproduce forforeign markets. The first British railways were built in Sierra Leone and the Gold Coast-colony (Ghana). In Nigeria railway construction stimulated the growth of Lagos as an harbour and administrative centre. Lugard had plans for the unification of Nigeria by railways. The old Hausa town of Kano flourished after the opening of the Northern Railway, for other towns a period of decline had begun. Harbour cities and interior railwayheads caused an influx of population from periphery regions, the phenomenon is called "port concentration". Also the imperial Germany built a few railwaylines in theirformer colony Togo, to avoid the traffic flow off to the British railways. If s quite remarkable that the harbours at the Gulf of Guinea-coast developed much later than the harbours of Senegal and Sierra Leone.After the First World War only a few new railways were constructed, the revenues remained very low, so the (colonial) state had to take over many lines. The competition between railways and roadtransport demonstrated the first time in Nigeria, it was the beginning of the decline of railways as the most important transportsystems in West Africa. Only multinational companies built specific railways for the export of minerals (iron, ore and bauxite) after the Second World War, and the French completed the Abidjan - Ouaga-dougou railway (1956).The consequences of railway construction in West Africa on economic, demographic and social sphere were not so far-reaching as in Southern Africa, but the labour migration and the first labour unions of railwaymen organized strikes in Senegal and the Ivory Coast mentioned the changing social situation.The bibliography of the West African railways contains very useful studies about the financial policy of the railway companies and the governments, but only afew railways were already studied by economic historians. KEY WORDS : bibliographical survey, colonial history, economic and demographic consequences, railway development, West Africa 


2014 ◽  
Vol 22 (2) ◽  
pp. 5-12
Author(s):  
Justyna Tanaś

Abstract The market for land for single-family housing is one of the most important segments of the real estate market. Over the last several years, we have witnessed the development of this market in the suburban areas of large agglomerations. This is connected with the intensified migration of people from the centers of big cities, and with the development of housing in suburban zones. The aim of this paper is to present the structure of the territorial origin of buyers purchasing plots designated for single-family housing in Poznań and its suburbs (with division into buyers derived from the city of Poznań, from the Poznań poviat (district), the Wielkopolska voivodeship (province), the rest of the country, and from abroad). The analysis covers the years 1995-2010.


2021 ◽  
Vol 91 ◽  
pp. 01028
Author(s):  
Eduard Hromada

The article deals with the description of the impacts of COVID-19 on the real estate market in the Czech Republic. The article focuses on the housing market - sales and rentals of apartments. The article contains graphs that show the development before COVID-19 and during COVID-19. Trends are indicated as the real estate market will develop in the next period. All results published in this article were created using the EVAL software, which the author of the article has been developing since 2007. This software continuously maps real estate advertising within all cities in the Czech Republic.


Author(s):  
Debjani Bhattacharyya

Contemporary India is among the top seven countries in the world witnessing the rise of mega urban regions, infrastructural expansion by government and private entities, and acceleration of special economic zones; the fallout of these trends has been the loss of cropland, and massive resistance coupled with political destabilization. Since the 1990s India’s political economy has increasingly been defined by land dispossession. Indeed, some politicians and big industrialists argue that the developmental agenda of India remains an unfulfilled dream because of land scarcity. On the other hand, strong grass-roots protest movements against land grab have toppled reigning governments and, in some cases, managed to thwart the outward march of land capitalization, dispossession, and ecological degradation. Land ownership remains a protean issue for Indian politics and its social matrix. Yet, it is not a recent phenomenon. Land acquisition and dispossession have a long genealogy in India and have gone through successive stages, engendering new political modalities within different economic regimes. Although not a settler colony, the East India Company grabbed land from the 18th century onward, dispossessing and uprooting people in the process, while alienating and disembedding land from its social matrix. Beginning with the Permanent Settlement of agricultural lands in eastern India in 1793, the Company sought legal authority to justify taking land, thus initiating a regime of quasi-eminent domain claims upon land for a wide range of practices, among them salt manufacturing, urbanization, infrastructure, and railways. The political authority and dubious legitimacy of the joint-stock company acting as a trustee of land was written into the various laws on land acquisition, ultimately culminating in the colonial Land Acquisition Act (LAA) of 1894. While independent India envisioned distributive justice through land redistribution, land acquisition and dispossession continued unabated, and postcolonial India’s land acquisition law merely offered procedural legitimacy to the act of taking land from people against their will for the greater “public,” and thereafter for public–private partnership. From 1947 state-led development resulted in the expropriation of land for industrialization, dams, and mega-infrastructural projects resulting in massive development-induced displacement across the country. India’s economic liberalization from the 1990s began a transnational movement of capital on an unprecedented scale, which manifested itself as an emerging configuration of real-estate-as-development. The government of India created new legal entitlements for private companies by enacting the Special Economic Zone (SEZ) Act in 2005 for export industries, IT companies, mining companies, and supporting real-estate development, resulting in dispossession, resistance, land speculation, and the emergence of land mafias.


2021 ◽  
Vol 8 (1) ◽  
pp. 36-46
Author(s):  
Justyna Brzezicka ◽  
◽  
Radosław Wisniewski ◽  

This article proposes the normalisation of the speculative frame method for identifying real estate bubbles, price shocks, and other disturbances in the real estate market. This index-based method relies on time series data and real estate prices. In this article, the speculative frame method was elaborated and normalised with the use of equations for normalising data sets and research methodologies. The method is discussed on the example of the Polish housing market.


2020 ◽  
Vol 21 (3) ◽  
pp. 401-416
Author(s):  
Philipp Breidenbach ◽  
Sandra Schaffner

AbstractThe development and conditions of the housing market are an important part of economic research, receiving growing attention also in Germany. The RWI-GEO-RED dataset covers data for the German residential housing market from 2007 onwards on 1 km² level and closes the gap for small-scale, nationwide and up-to-date housing data for Germany. The data has a large potential in analyzing the real estate market itself or to evaluate policy interventions through treatments on small regional levels. Prominent examples are the closing of nuclear power plants and the German rent control. The dataset can be used on its own but also has a large potential for combination with different data. The dataset is provided by the FDZ Ruhr at RWI that hosts small-scale regional data for Germany. The data can be obtained for scientific research as scientific use file.


2019 ◽  
Vol 16 (1) ◽  
pp. 91-97
Author(s):  
Marta Martyniak

Abstract Research purpose. Housing availability indicator shows the area of residential real estate possible to purchase for the average monthly wage in the enterprise sector. The research carried out in this paper is aimed at determining the current level of housing availability indicator and its detailed analysis, taking into account the dynamics of changes in 2006 to 2018. This analysis will be carried out for primary and secondary market for selected Polish cities. Design/Methodology/Approach. Calculations were based on the average transaction prices obtained from the transactional database of residential real estate of the National Bank of Poland and the value of the average monthly remuneration in the enterprise sector obtained partly from statistical data and official journals of the Central Statistical Office. Findings. The analysis shows that the indicator of housing availability in Poland, despite the visible upward trend, is at a very low level, placing Warsaw at the first place. In addition, the extension of the analysis to the division of the housing market into the primary and secondary market provided more information about shaping the housing availability indicator. Whereas in the primary market in individual cities its value was at a similar level, the secondary market was subject to greater fluctuations. Originality/Value/Practical implications. This paper is of practical nature. Due to the asymmetry of information on the Polish real estate market, especially regarding housing prices, knowledge about the value of the housing availability indicator in Poland may be exceptionally valuable, especially for people interested in the housing market, including individual investors and market practitioners, as an auxiliary source of information in purchasing decisions of households.


2013 ◽  
Vol 13 (1) ◽  
pp. 76-94 ◽  
Author(s):  
Waldemar Tyc

Abstract The article presents a discourse on the mechanism by which price bubbles emerge and burst. For idealization purposes the author assumes that even though price bubbles emerge in various markets, their morphology differs from market to market, be it the hi-tech stock (or, more generally, the stock market), the real estate market (where land is of fixed supply) or the housing market. The sources of their diversification lie in the type and weight of the causes of their appearance, the differences between their causative and functional determinants and the market feedbacks. Any interpretation of the nomological diversification of price bubbles (in the sense of their categorisation) requires looking at the system pragmatics and the market in which they emerge. Thus the designations of economic systems and the specifics of markets constitute both the economic and the institutional environment of their origin. They also constitute the necessary context for their understanding and interpretation, as price bubbles rise and collapse within specific functional structures of an economic system.


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