scholarly journals Simulation Modeling Concept Of Property Market Transactions

2014 ◽  
Vol 22 (1) ◽  
pp. 91-99
Author(s):  
Radosław Cellmer ◽  
Katarzyna Szczepankowska
Keyword(s):  
Real Estate ◽  
Regression Model ◽  
Simulation Modeling ◽  
Spatial Regression ◽  
Complex Structure ◽  
Real Life ◽  
Real Estate Market ◽  
Property Market ◽  
Practical Applications ◽  
Additional Information

Abstract The real estate market is a specific and imperfect field of research, and its complex structure and the presence of information gaps necessitate the use of advanced analytical tools. One such tool is simulation modeling, which has a variety of practical applications and can be used to model real-life systems characterized by a high degree of complexity and a high share of random components. In this paper, virtual data was used to simulate transactions on the local real estate market. Simulation tools were applied to generate additional information about transactions, their spatial distribution and transaction prices. The applicability of the iterative Monte Carlo approach with a standard regression model and a spatial regression model was evaluated.

scholarly journals The Application of Spatial Analysis Methods in the Real Estate Market in South‑Eastern Poland

2018 ◽  
Vol 1 (333) ◽  
Author(s):  
Dorota Dejniak
Keyword(s):  
Spatial Analysis ◽  
Real Estate ◽  
Real Estate Market ◽  
Graphical Form ◽  
Property Market ◽  
Strategic Decisions ◽  
The Real ◽  
The Real Estate ◽  
South Eastern ◽  
Estate Property

The aim of the article is to apply the method of spatial analysis to research the real estate property market in south‑eastern Poland. The methods of spatial statistics will be used to model the space differences of prices per one square metre of dwelling surface located in districts of south‑eastern Poland and to investigate spatial autocorrelation. The databases will be presented in a graphical form. The results may be used to set the spatial regularities and relations. The methods presented may be applied while making strategic decisions.

scholarly journals AVALIAÇÃO EM MASSA DE IMÓVEIS USANDO GEOESTATÍSTICA E KRIGAGEM BAYESIANA (UM ESTUDO DE EM BALNEÁRIO CAMBORIÚ/SC)

2017 ◽  
Vol 13 (1) ◽  
Author(s):  
Ricardo André Hornburg ◽  
Norberto Hochheim
Keyword(s):  
Real Estate ◽  
Spatial Econometrics ◽  
Moving Average ◽  
Spatial Regression ◽  
Fair Value ◽  
Real Estate Market ◽  
Bayesian Kriging ◽  
The Real Estate ◽  
Bayesian Geostatistics ◽  
Spatially Distributed

RESUMO: Uma das grandes dificuldades que se tem na avaliação em massa de imóveis é encontrar um modelo que mostre a realidade do mercado de imóveis para que se possa construir uma Planta de Valores Genéricos (PVG), usada como base para a cobrança do Imposto Predial e Territorial Urbano (IPTU). Este artigo apresenta um método que combina o uso da econometria espacial com a geoestatística bayesiana visando estimar o valor dos imóveis levando em consideração as interações espaciais devidas às características da localização. Os métodos da regressão espacial e da krigagem bayesiana são usados com esta finalidade. A técnica da regressão espacial possibilita a modelagem da dependência espacial. A técnica da krigagem bayesiana permite estimar valores de variáveis espacialmente distribuídas a partir de valores adjacentes considerados como interdependentes. Dessa maneira, a krigagem é considerada um método de médias móveis. O semivariograma é a ferramenta básica de suporte às técnicas de krigagem, permitindo representar quantitativamente a variação de um fenômeno regionalizado no espaço. Uma aplicação do método proposto é realizada no bairro Centro da cidade de Balneário Camboriú (SC), usando-se uma amostra de dados de mercado para a avaliação em massa de imóveis do tipo apartamento. Destaca-se como contribuição do método apresentado uma possibilidade de melhora na determinação do valor justo dos imóveis numa avaliação em massa, amparando assim a equidade e consequente justiça fiscal quando aplicados pelos municípios. ABSTRACT: One of the greatest difficulties in bulk value appraisal of buildings is to find a model that shows the reality of the real estate market so you can build a Standard Ground Value (SGV), used as a basis for the collection of Land and Territorial Tax Urban (Land Tax). This paper presents a method that combines the use of spatial econometrics with Bayesian geostatistics in order to estimate the value of real estate taking into account the spatial interactions due to the characteristics of the location. The methods of spatial regression and Bayesian kriging are used for this purpose. The spatial regression technique allows the modeling of spatial dependence. The Bayesian kriging technique allows the estimation of values of spatially distributed variables from adjacent values considered as interdependent. In this way, kriging is considered a moving average method. The semivariogram is the basic tool to support kriging techniques, allowing quantitative representation of the variation of a regionalized phenomenon in space. An application of the proposed method is carried out in the downtown neighborhood of Balneário Camboriú (SC), using a sample of market data for the mass evaluation of apartment-type properties. As a contribution of the method presented, there is a possibility of improvement in the determination of the fair value of real estate in a mass valuation, thus supporting equity and consequent fiscal justice when applied by municipalities.

The role of project financing in the development of the real estate funding market in Russia

2021 ◽  
Vol 27 (4) ◽  
pp. 894-912
Author(s):  
Tat'yana A. RUBLEVA
Keyword(s):  
Real Estate ◽  
Systems Approach ◽  
Complex Structure ◽  
Real Estate Market ◽  
Digital Economy ◽  
Project Financing ◽  
The Real ◽  
The Real Estate ◽  
Object Oriented Design ◽  
The Impact

Subject. This article examines the impact of project financing on the development of the real estate funding market in the context of the transition to the digital economy. Objectives. The article aims to define the features of project financing in the property construction and its development prospects in the context of the transition to the digital economy. Methods. For the study, I used comparative and logical analyses, object-oriented design, and the systems approach. Results. The article defines the essence of project financing and its role in the development of the real estate funding market in the transition to the digital economy. It describes a number of features of project financing in construction and compares them with the features of project financing of innovative industrial projects. The article shows how to solve existing problems in this area and offers a use case diagram that helps develop a software product relevant to the real estate funding market. Conclusions and Relevance. The real estate funding market is a complex structure and it includes the synergy of the real estate market, banking market, and the financial market. Project financing is an integral part of the real estate funding market. It stimulates the development of quality consulting services in the market and produces key requirements for the profession of the next generation. The results of the study can be used to improve banking activities in project financing and when creating quality services of consulting companies in the real estate funding market.

scholarly journals SIGNIFICANCE AND PERFORMANCE OF PROPERTY MARKETS IN MALAYSIA

2021 ◽  
Vol 19 (17) ◽  
Author(s):  
Mohd Haris Yop
Keyword(s):  
Real Estate ◽  
Business Environment ◽  
Real Estate Market ◽  
Study Data ◽  
Asia Pacific ◽  
Property Market ◽  
Transparency International ◽  
And Performance ◽  
Environment Index ◽  
Property Markets

The importance of the global real estate market has been widely debated over the last decade. Prior discussion has focused on various aspects of analysis used to evaluate the performance of the property market, such as statistical analysis, surveys, academic or industrial literature. As a result, it is also necessary to examine the global and Asian property markets while also evaluating the significance and performance of the Malaysian property market in comparison to other Asian markets to determine Malaysia's international contribution to the global property market. The performance of Malaysia's property market from 2015 to 2018 was examined in this study. Data was gathered using Thomson Router Data Stream from Real Capital Analytic, Asia Pacific Real Estate Association (APREA), World Economic Forum, and Transparency International, among others. The study's findings will extend knowledge not only of the performance and significance of the Malaysian property market, but also of GDP growth, inflation rate, market ranking global, competitiveness business environment index, corruption perception, and risk and transparency index in Malaysia and across Asian countries. The overall results indicate that the performance and signs of the Malaysian real estate market were better compared to other Asian and developing markets.

scholarly journals Selected Aspects of the Residential Property Market in the Context of Creating a City Image (an Example from Rzeszów)

2020 ◽  
Vol 15 (1) ◽  
pp. 39-52
Author(s):  
Wiesława Kuźniar ◽  
Kazimierz Cyran
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
City Image ◽  
Residential Real Estate ◽  
Property Market ◽  
Secondary Sources ◽  
Modern Development ◽  
High Dynamics ◽  
The Impact ◽  
The City

The main goal of the article is to evaluate the city’s real estate sub-product and identify the impact of perception of this urban sphere on the overall image of Rzeszów city among students. A thesis was accepted by the authors that the attractive image of Rzeszów determines the development of the residential real estate market, attracting especially young, educated people to the city. On the basis of a literature analysis of the subject, information obtained from secondary sources on the topic of Rzeszów, as well as surveys carried out in 2018 among students (n = 325), the thesis was confirmed. Thanks to the fast, modern development of the city and consistently implemented marketing activities, Rzeszów is perceived as an innovative city that is friendly to residents, investors and students. This contributes to the inflow of new, usually young, educated residents and investors, which in turn translates into high dynamics in the residential real estate market. Questionnaire surveys carried out among students have shown that they highly appreciate the current image of Rzeszów and, most after graduation, plan to stay in the city which in their opinion is an attractive place for everyday life.

Spatial Deployment of the Chinese Property Market (2010–2016)

2019 ◽  
Vol 55 (03) ◽  
pp. 1950006
Author(s):  
ELFIE SWERTS
Keyword(s):  
Real Estate ◽  
Direct Investment ◽  
Multinational Firms ◽  
Spatial Location ◽  
Real Estate Market ◽  
Property Market ◽  
Real Estate Investment ◽  
The Real Estate ◽  
Real Estate Sector ◽  
New Perspective

Real estate activities and companies in China have grown considerably since the major reforms of the late 1970s. This paper examines the spatial deployment of firms linked to the Chinese real estate market in Chinese cities in 2010, 2013 and 2016. It provides a first mapping of multinational firms specialized in the real estate sector. It describes the patterns of ownership networks built by financial links both between foreign multinational firms and Chinese firms and among multinational firms themselves. It therefore provides a new understanding about the penetration of both foreign direct investment (FDI) and Hong Kong’s role in the Chinese real estate market. This paper provides a comparison of the spatial location logics of these firms according to their Chinese or foreign origin and offers a new perspective on the geography of real estate investment by analyzing financial links between the Chinese and foreign cities involved.

Building sales: advertising and the property market

2018 ◽  
pp. 168-207
Author(s):  
Conor Lucey
Keyword(s):  
Nineteenth Century ◽  
Real Estate ◽  
Real Estate Market ◽  
Property Market ◽  
Economic Activities ◽  
Luxury Goods ◽  
The Real Estate ◽  
The Real Estate Market ◽  
House Building

Having examined the building and decorating of the urban house, this chapter explores how the artisan approached marketing and selling real estate. As the first sustained analysis of property advertising in the eighteenth and early nineteenth-century Atlantic world, this chapter first considers how regional variations and social demographics (aristocratic audiences in London and Dublin compared with merchant audiences in Boston and Philadelphia) dictated the form and content of property notices, reflecting on issues such as location, quality of structural and decorative finish, convenience, and decorum. But while house-building and house-selling were principally economic activities, representing the motivating force for building mechanics to enter the real estate market, the evidence from property advertisements reveals that builders were cognizant of the semantics of advertising rhetoric and employed a vocabulary that emulated that of auctioneers, luxury goods manufacturers and other polite retailers.

Cyclical capitalization and lag vacancy

2017 ◽  
Vol 10 (2) ◽  
pp. 211-238 ◽  
Author(s):  
Maurizio d’Amato
Keyword(s):  
Real Estate ◽  
Market Value ◽  
Real Estate Market ◽  
Mortgage Lending ◽  
Property Market ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Valuation Process

Purpose This paper aims to propose a new valuation method for income producing properties. The model originally called cyclical dividend discount models (d’Amato, 2003) has been recently proposed as a family of income approach methodologies called cyclical capitalization (d’Amato, 2013; d’Amato, 2015; d’Amato, 2017). Design/methodology/approach The proposed methodology tries to integrate real estate market cycle analysis and forecast inside the valuation process allowing the appraiser to deal with real estate market phases analysis and their consequence in the local real estate market. Findings The findings consist in the creation of a methodology proposed for market value and in particular for mortgage lending determination, as the model may have the capability to reach prudent opinion of value in all the real estate market phase. Research limitations/implications Research limitation consists mainly in a limited number of sample of time series of rent and in the forecast of more than a cap rate or yield rate even if it is quite commonly accepted the cyclical nature of the real estate market. Practical implications The implication of the proposed methodology is a modified approach to direct capitalization finding more flexible approaches to appraise income producing properties sensitive to the upturn and downturn of the real estate market. Social implications The model proposed can be considered useful for the valuation process of those property affected by the property market cycle, both in the mortgage lending and market value determination. Originality/value These methodologies try to integrate in the appraisal process the role of property market cycles. Cyclical capitalization modelling includes in the traditional dividend discount model more than one g-factor to plot property market cycle dealing with the future in a different way. It must be stressed the countercyclical nature of the cyclical capitalization that may be helpful in the determination of mortgage lending value. This is a very important characteristic of such models.

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