scholarly journals The Value Of Cre In The Formulation And Implementation Process Of Real Estate Strategies In A Company

2014 ◽  
Vol 22 (1) ◽  
pp. 58-68
Author(s):  
Jan Konowalczuk ◽  
Tomasz Ramian
Keyword(s):  
Real Estate ◽  
Market Share ◽  
Property Values ◽  
Implementation Process ◽  
Market Value ◽  
Development Projects ◽  
Property Value ◽  
Different Types ◽  
A Company

Abstract One of the fundamental ways in which an advantage over competitors can be gained in business is to develop real estate portfolios in such a way that will lead to an increase in market share and value for shareholders. This serves as justification for the formulation and implementation of specific real estate strategies regarding the best manner in which to use CRE, make decisions regarding restructuring, and carry out necessary development projects, taking into account the criteria of: location, time, and procurement options. This paper presents the formulation and realization of real estate strategies, focusing on the use of the category of property value. Moreover, the authors formulate a possible classification of CRE, which is useful from the perspective of real estate strategies, in addition to identifying and evaluating different types of property values which can be used for real estate strategies. For the majority of operational properties, these categories differ from market value. The last part of the publication provides a reference of selected valuation methods used to determine the value of CRE in the context of formulating and implementing real estate strategies.

CRITICAL DETERMINANTS OF HERITAGE PROPERTY VALUE: A CONCEPTUAL FRAMEWORK

2019 ◽  
Vol 17 (9) ◽  
Author(s):  
Normayuni Mat Zin ◽  
Suriatini Ismail ◽  
Junainah Mohamad ◽  
Nurul Hana Adi Maimun ◽  
Fatin Afiqah Md. Azmi
Keyword(s):  
Real Estate ◽  
Conceptual Framework ◽  
Structural Characteristics ◽  
Property Values ◽  
Property Value ◽  
Architectural Styles ◽  
Online Databases ◽  
The Status ◽  
Conference Papers ◽  
Published Research

Real estate is complex in nature, whereby its value is determined by many characteristics. Heritage property is different as compared with non-heritage property, thus; it is essential to identify the heritage property value determinants due to limited published research about it. This paper closes the gap by reviewing the literature to identify the determinants. To achieve this, academic journals and conference papers in online databases from 1974 to 2017 have been reviewed. The results indicated that there are four groups of heritage property value determinants namely; i) transaction characteristics, ii) structural characteristics, iii) spatial characteristics, and iv) historical characteristics. It can be concluded that heritage property values are differentiated by historical characteristics notably on their architectural styles or design and the status of the heritage property itself. This finding should be a useful guidance for the valuers in valuation practice.

scholarly journals MICROECONOMICS OF ARCHITECTURE: BETWEEN MARKET AND PUBLIC

2020 ◽  
Vol Vol. 36 (No. 2) ◽  
pp. 85-90
Author(s):  
Valentinas Navickas ◽  
Tomas Skripkiunas
Keyword(s):  
Literature Review ◽  
Real Estate ◽  
Public Goods ◽  
Market Value ◽  
Real Estate Market ◽  
The Real ◽  
The Real Estate ◽  
Nonmarket Goods ◽  
The Real Estate Market ◽  
Different Types

The position of architecture between market goods and public goods is addressed in this study. A transition of architectural objects of built environment from market goods towards public or nonmarket goods is presented in literature review. The real estate market value is highly influenced by concepts of externalities and public goods, therefore being highly spatially dependent and making the process of the real estate valuation more complex. The internalization of these externalities and public goods is impossible because of the nature of public space in the city. The concept of value and different types of value, like exchange, use, image, social, environmental, cultural value, are also presented in literature review. These different types of value are transferred to value in exchange when estimating market value. The aim of research is to calculate the amount of the real estate market value that is influenced by externalities, public or nonmarket goods. The process of value transfers between market and public is also discussed in this study. In the research part prices of similar apartments measure the coefficient of variance. Newly constructed apartment buildings with partial finishing interior within city boundaries are selected expecting their price to vary only because of different amount of externalities and public goods available inside district/region of selected building or provided by the actual building itself. The results show that up to 29% of the real estate market value is influenced by public or nonmarket goods. Implications of further research suggest controlling for market segmentation and architectural quality variables

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.

scholarly journals Model of the Market Value of Apartments Including a Time Variable and Energy Features of a Building

2020 ◽  
Vol 20 (1) ◽  
pp. 117-132
Author(s):  
Iwona Foryś ◽  
Ewa Putek-Szeląg ◽  
Beata Ziembicka
Keyword(s):  
Energy Consumption ◽  
Real Estate ◽  
Energy Intensity ◽  
Residential Buildings ◽  
Market Value ◽  
Energy Performance ◽  
Real Estate Market ◽  
Multidimensional Analysis ◽  
Residential Units ◽  
Different Types

AbstractResearch background: The implementation of EU directives in national legislations imposes an obligation to monitor energy efficiency in every sector of the economy, including construction. In the era of energy conservation, which results from environmental requirements, as well as from constantly increasing energy prices, the energy consumption of premises and buildings becomes an important prerequisite for decision-making processes in the real estate market. There have also been changes in the provisions of the Act on Real Estate Management, which impose an obligation on the professional group of property appraisers to incorporate energy performance certificates for buildings and premises into the valuation process. Energy intensity in terms of the demand for heating of multi-family residential buildings will be the basis for the assessment of its impact on the market value of residential units.Purpose: The article analyses the energy intensity of different types of buildings (e.g. low and high-rise buildings) and the diverse distribution of units in the building, especially with regard to their exposure to the different point of the compass. The research covered the Słoneczne housing estate in Szczecin, in a situation where the property appraiser does not have access to the energy performance certificates of the estimated apartments as well as apartments taken for comparison. The aim of the study is to identify the relationship between energy intensity and market value of residential units on the selected real estate market. The analysis will be based on data from the Price and Value Register of the County Office, a collection of statistics and public information as well as on the authors’ own databases and research.Research methodology: A multidimensional analysis will be used to distinguish homogeneous groups of residential units due to their property attributes. The study will also employ a valuation model including energy intensity and time variables.Results: The study showed that building type is one of the features determining energy consumption by a building. Depending on the period, the introduced attributes explained the evolution of the unit price at 78%, 75% and 24%. The parameters of the variables Size, Neighborhood and Time were found to be statistically significant. What is more, in all three periods, the value of the residential unit was significantly affected by the type of building which determined the energy performance of the building.Novelty: Energy intensity in terms of the heating demand of multi-family residential buildings will be the basis for the assessment of its impact on the market value of residential units. The article analyses the energy intensity of different types of buildings (e.g. low and high buildings) and the different location of units in a building, especially in relation to the directions of the world.

Residential Property Values Improved by Landscaping with Trees

1985 ◽  
Vol 9 (3) ◽  
pp. 162-166 ◽  
Author(s):  
L. M. Anderson ◽  
H. K. Cordell
Keyword(s):  
Real Estate ◽  
Property Tax ◽  
Property Values ◽  
Residential Property ◽  
Listing Service ◽  
Property Value ◽  
Single Family ◽  
Sales Price ◽  
Multiple Listing Service ◽  
The City

Abstract A 3 to 5% increase in the sales prices of-single-family houses in Athens, Georgia, was associated with the presence of trees in their landscaping, according to data from real estate records on over 800 house sales from 1978 to 1980. The average house sold for about $47,000 and had five front-yard trees visible in its Multiple Listing Service photographs. An average sales price increase of $1,700 to $2,100 was associated with the presence of these trees. This increase in property value represents an income of over $200,000 a year to the city in property tax revenues.

Dual stain kit for the microscopic gram classification of ocular infection bacteria

1993 ◽  
Vol 51 ◽  
pp. 248-249
Author(s):  
Jacob S. Hanker ◽  
Dale N. Holdren ◽  
Kenneth L. Cohen ◽  
Beverly L. Giammara
Keyword(s):  
Contact Lenses ◽  
Ocular Infection ◽  
Gram Negative Bacteria ◽  
Gram Negative ◽  
Gram Staining ◽  
Ocular Infections ◽  
Different Types ◽  
Culture Positive ◽  
Increased Susceptibility

Keratitis and conjunctivitis (infections of the cornea or conjunctiva) are ocular infections caused by various bacteria, fungi, viruses or parasites; bacteria, however, are usually prominent. Systemic conditions such as alcoholism, diabetes, debilitating disease, AIDS and immunosuppressive therapy can lead to increased susceptibility but trauma and contact lens use are very important factors. Gram-negative bacteria are most frequently cultured in these situations and Pseudomonas aeruginosa is most usually isolated from culture-positive ulcers of patients using contact lenses. Smears for staining can be obtained with a special swab or spatula and Gram staining frequently guides choice of a therapeutic rinse prior to the report of the culture results upon which specific antibiotic therapy is based. In some cases staining of the direct smear may be diagnostic in situations where the culture will not grow. In these cases different types of stains occasionally assist in guiding therapy.

Explanatory Power for Medical Expert Systems: Studies in the Representation of Causal Relationships for Clinical Consultations

1982 ◽  
Vol 21 (03) ◽  
pp. 127-136 ◽  
Author(s):  
J. W. Wallis ◽  
E. H. Shortliffe
Keyword(s):  
Explanatory Power ◽  
Prototype System ◽  
Inference Rules ◽  
Medical Expert ◽  
Comprehensive Knowledge ◽  
Different Types ◽  
Medical Expert Systems ◽  
Explanation System ◽  
Systems Studies

This paper reports on experiments designed to identify and implement mechanisms for enhancing the explanation capabilities of reasoning programs for medical consultation. The goals of an explanation system are discussed, as is the additional knowledge needed to meet these goals in a medical domain. We have focussed on the generation of explanations that are appropriate for different types of system users. This task requires a knowledge of what is complex and what is important; it is further strengthened by a classification of the associations or causal mechanisms inherent in the inference rules. A causal representation can also be used to aid in refining a comprehensive knowledge base so that the reasoning and explanations are more adequate. We describe a prototype system which reasons from causal inference rules and generates explanations that are appropriate for the user.

ASPECTS IN BUILDING A COMPANY WEB-SITE AND ITS ROLE FOR THE DEVELOPMENT OF BUSINESS

2018 ◽  
pp. 117-124
Author(s):  
Petar Halachev ◽  
Victoria Radeva ◽  
Albena Nikiforova ◽  
Miglena Veneva
Keyword(s):  
Life Cycle ◽  
Web Site ◽  
The Internet ◽  
A Company ◽  
The Web ◽  
Design Construction ◽  
Made In ◽  
Site Types

This report is dedicated to the role of the web site as an important tool for presenting business on the Internet. Classification of site types has been made in terms of their application in the business and the types of structures in their construction. The Models of the Life Cycle for designing business websites are analyzed and are outlined their strengths and weaknesses. The stages in the design, construction, commissioning, and maintenance of a business website are distinguished and the activities and requirements of each stage are specified.

Determining the discount rate when evaluating trade organizations: Some features

2020 ◽  
Vol 13 (1) ◽  
pp. 71-84
Author(s):  
E.A. Grigor'eva ◽  
A.S. Buzhikeeva
Keyword(s):  
Discount Rate ◽  
Economic Activity ◽  
Systems Approach ◽  
Market Value ◽  
Additional Risk ◽  
Evaluation Procedures ◽  
Analytical Research ◽  
Definition Of ◽  
Traditional Approaches

Subject. This article deals with the issues of determining the market value of the trading business, taking into account a number of characteristics. Objectives. The article aims to develop certain provisions of the methodology and practice of evaluating the business of trading organizations, namely, taking into account the additional risk of inventory feasibility when calculating the discount rate. Methods. For the study, we used a systems approach, and the cognition, and economic and analytical research methods. Results. The article presents a three-tiered classification of stocks and a definition of risk based on the criteria for dividing stocks by purpose, degree of implementation, and shelf life in accordance with the scale. Based on the classification, the article offers certain recommendations for determining the discount rate when evaluating trading organizations, aimed at taking into account additional risk. Conclusions. Various evaluation procedures within the framework of traditional approaches and methods in relation to trading organizations do not take into account risk specific to this type of economic activity. The proposed methodology for calculating the discount rate for trade organizations takes into account the features of their functioning.

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