scholarly journals Impact of parcel fragmentation on the calculation of the real estate value of land belonging to farms

New Medit ◽  
2021 ◽  
Vol 20 (1) ◽  
Author(s):  
Keyword(s):  
Real Estate ◽  
Production Costs ◽  
Land Fragmentation ◽  
The Real ◽  
The Real Estate ◽  
Land Valuation ◽  
The Subject ◽  
The Common ◽  
The Individual

Agricultural parcels are often the subject of land valuation studies. This approach implicitly assumes that the real estate value of the land belonging to a farm is the sum of the values of the individual parcels that make up the farm. Nonetheless, the value of a whole can be very different from the sum of its parts. This study proposes a methodology for calculating the real estate value of the land belonging to a farm, by including parameters relating to the fragmentation of the land. Fragmentation increases production costs and reduces farmers’ incomes and by extension the real estate value of the farm. In our study area, the province of Jaen in Spain, figures for its most emblematic crop, the olive, show that fragmentation of the land reduces its value by between 51% for a 10 ha farm and 12% for a 30 ha farm as compared to the values set out in the bibliography. The reorganization of the ownership system or the promotion of systems for the common management of land could increase the profitability and therefore the value of land according to the ‘income capitalization’ approach.

Assessing the Demand for Online Integration Platforms in the Real Estate Business

2020 ◽  
Vol 26 (1) ◽  
pp. 46-54
Author(s):  
N. S. Alekseeva ◽  
A. E. Druzhinin
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Passenger Transport ◽  
Integration Platform ◽  
Online Platform ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Hospitality Sector ◽  
The Individual

Examination of the real estate market shows that implementing innovations in this field is a very difficult task. This prompts the question of the necessity of digitalizing the real estate business and of the demand for online integration platforms in this field.Aim. The presented study aims to assess the demand for online integration platforms in the real estate business.Tasks. The authors compare the online integration platforms in the real estate market with the online integration platforms in the hospitality sector and the individual passenger transport market in terms of the share of user profits that integrators receive for their services on the online platform; compare the share of user profits that integrators receive for their services on the online platform with the equivalent indicator in various other global economic activities; assess the value of the services provided by an online integration platform using the methodology proposed by G. G. Azgaldov and N. N. Karpova.Methods. The data were acquired from public Internet sources and personal interviews with the directors of companies that represent or employ the services of online integration platforms in St. Petersburg. The interviews and work with Internet sources were conducted in November 2019.Results. An integrator in the real estate market receives a share of profits of their service users that is comparable to that of the integrators in the hospitality sector and the individual passenger transport market. The share of profits of a Russian integrator in the real estate market is significantly higher than that in such industries as entertainment, fashion, or sports. The value of an online integration platform can be defined as highly valuable, since the expected value of this indicator is 1.5 times higher than the maximum table value.Conclusions. The performed analysis shows a high demand for online integration platforms in the real estate business. Market participants are willing to pay for the ability to use new digital technologies.

scholarly journals The Impacts in Real Estate of Landscape Values: Evidence from Tuscany (Italy)

2021 ◽  
Vol 13 (4) ◽  
pp. 2236
Author(s):  
Francesco Riccioli ◽  
Roberto Fratini ◽  
Fabio Boncinelli
Keyword(s):  
Real Estate ◽  
House Prices ◽  
Spatial Econometric ◽  
The Real ◽  
The Real Estate ◽  
Landscape Values ◽  
Individual Perception ◽  
Real Estate Prices ◽  
The Aesthetic ◽  
The Individual

Using spatial econometric techniques and local spatial statistics, this study explores the relationships between the real estate values in Tuscany with the individual perception of satisfaction by landscape types. The analysis includes the usual territorial variables such as proximity to urban centres and roads. The landscape values are measured through a sample of respondents who expressed their aesthetic-visual perceptions of different types of land use. Results from a multivariate local Geary highlight that house prices are not spatial independent and that between the variables included in the analysis there is mainly a positive correlation. Specifically, the findings demonstrate a significant spatial dependence in real estate prices. The aesthetic values influence the real estate price throughout more a spatial indirect effect rather than the direct effect. Practically, house prices in specific areas are more influenced by aspects such as proximity to essential services. The results seem to show to live close to highly aesthetic environments not in these environments. The results relating to the distance from the main roads, however, seem counterintuitive. This result probably depends on the evidence that these areas suffer from greater traffic jam or pollution or they are preferred for alternative uses such as for locating industrial plants or big shopping centres rather than residential use. Therefore, these effects decrease house prices.

scholarly journals Analysis of the real estate market for business activities

2021 ◽  
pp. 60-68
Author(s):  
O. A. Zemlyanskiy
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Market Analysis ◽  
Entrepreneurial Activity ◽  
Market Segments ◽  
The Real ◽  
The Real Estate ◽  
Doing Business ◽  
The Real Estate Market ◽  
The Subject

Effective business activities conducting in the real estate market is impossible without an objective analysis of the real estate market, its individual segments, comparing the possibilities and efficiency of doing business in different market segments. Based on the generalization of various methods, the author proposes an analysis of the real estate market to determine the possibility of effective business activity, including setting goals for the analysis of the real estate market and its individual segments, determining the subject, conditions and opportunities for entrepreneurial activity in the real estate market, analysing the market in accordance with the factors of market analysis, its characteristics and identification of the most attractive market segments and areas of activity in order to achieve these goals. The analysis of the real estate market determines the opportunities, conditions and prospects of presence on the market for various companies and types of business related to the creation and sale of real estate objects, as well as credit and financial, legal, insurance, valuation, commercial and other types of business.

The Concept of Land Real Estate in the Act on Real Estate Management

2020 ◽  
Vol 2(22) ◽  
pp. 37-46
Author(s):  
Michał Kiedrzynek
Keyword(s):  
Real Estate ◽  
Civil Law ◽  
The Real ◽  
The Real Estate ◽  
The Subject ◽  
Estate Management ◽  
Definition Of ◽  
Real Estate Management

The management of public real estate has been regulated in many legal acts, among which the Act of August 21, 1997 on real estate management plays the greatest role. The definitions contained in it are intended to explain the most important concepts related to the subject of this act. However, with regard to the definition of land real estate, we are dealing with a repetition of what was defined by the provisions of civil law. Such a situation raises justified interpretation doubts, which may have significant consequences in the application of this act. The existence of two definitions for the same object is undesirable and the Real Estate Management Act should be amended in this respect by including an appropriate reference to the provisions of civil law.

scholarly journals Assessment of the flood damages on the real estate property in the Czech Republic area

2010 ◽  
Vol 56 (No. 7) ◽  
pp. 317-324 ◽  
Author(s):  
J. Korytárová ◽  
V. Hromádka
Keyword(s):  
Real Estate ◽  
Flood Protection ◽  
Protection Measures ◽  
The Real ◽  
The Real Estate ◽  
Estate Property ◽  
Basic Quality ◽  
The Individual ◽  
The Given ◽  
Property Index

The problem of floods can be solved by investment activities in the form of the flood protection measures or by the potential liquidation of damages after the flood. In the frame of the solved grant projects, there was developed the basic methodology for the losses on the immovable property in the territory assessment and consequently the database of input data for its use. The output of the described methodology enables the comparison of the potential losses on immovable property with the investment costs for the flood protection measures. In order to be able to estimate the occurred losses, the own method has been developed by the members of the research team. This method consists of the specification of the territorial property valuation and the evaluation of the damage on the territorial property caused by floods. The basic quality of the Territorial Property Index is that it respects the generally defined structure of the real estate property in the given area. The Territorial Property Index is then calculated for the individual area categories. While evaluating the damage, first the measure of the damages of the property representatives depending on the hydrological situation defined in advance must be investigated. The damages are then estimated based on three defined primary parameters.  

The Possibility and Effectiveness of Using Drones When Performing Cadastral Works

2018 ◽  
Vol 938 (8) ◽  
pp. 44-52 ◽  
Author(s):  
I.A. Anikeeva ◽  
N.M. Babashkin ◽  
S.A. Kadnichanskiy ◽  
S.S. Nekhin
Keyword(s):  
Real Estate ◽  
Aerial Survey ◽  
Unmanned Aircraft ◽  
Software Systems ◽  
Aerial Photos ◽  
Factors Affecting ◽  
The Real ◽  
The Real Estate ◽  
Photogrammetric Method ◽  
The Subject

The analysis of the capabilities and effectiveness of the aerial survey using a drone for determining the coordinate points of the real estate objects’ boundaries with photogrammetric method in doing cadastral works basing on established requirements is given. The matters of coordinates’ definition accuracy are considered basing on the results of research trials of hardware and software systems of digital aerial photography and photogrammetric processing based on using drones and the aerial photos of the polygon. The results of a comparative analysis of the aerial survey effectiveness using drones of various types and traditional aerial survey with manned aircraft are given. The factors affecting the efficiency are analyzed. Issues of creating the legislation base for aerial survey with drones are discussed. The conclusion is made about possibility of aerial survey using unmanned aircraft to determine the coordinates of the real estate objects’ boundaries with precision meeting the established requirements. Planning aerial surveys with drones for cadastral tasks should be primarily based on economic factors (time and cost), taking into account the specific conditions of the subject and used hardware and software.

Formation of a Science-Based Real Estate Services Market Management Mechanism

2018 ◽  
Vol 931 ◽  
pp. 1172-1177
Author(s):  
Ekaterina V. Voronina ◽  
Viktor E. Reutov ◽  
Olga B. Yarosh ◽  
Sergei V. Khalezin
Keyword(s):  
Real Estate ◽  
Fuzzy Inference ◽  
Real Estate Market ◽  
Membership Functions ◽  
The Real ◽  
The Real Estate ◽  
Object State ◽  
Market Management ◽  
The Individual ◽  
Inference Systems

The authors approve a mathematical model for estimating the value of an object taking into account trends in the residential real estate market in the MATLAB software package with the assignment and correction of the fuzzy set membership functions. Fuzzy computations are performed using the Mamdani method, which requires defining the membership functions for the output variables. We consider schemes for constructing systems of fuzzy inference for variables (the real estate object state) and (the real estate market state). The results of calculations using the Fuzzy Logic Toolbox are given on the surfaces of fuzzy inference systems that show the dependence of the output variables on the individual input variables.

scholarly journals International Real Estate Review

2014 ◽  
Vol 17 (2) ◽  
pp. 157-202
Author(s):  
Kim Hiang Liow ◽  
◽  
Felix Schindler ◽  
Keyword(s):  
Real Estate ◽  
Stock Markets ◽  
Research Work ◽  
The Real ◽  
The Real Estate ◽  
Dynamic Relationship ◽  
Long Run ◽  
International Environment ◽  
The Individual ◽  
Dynamic Relationships

The primary contribution of this study is to comprehensively assess whether public real estate and stock markets are linked at the local, regional, and global levels, and assess the evolution of their dynamic relationship and gradual integration during the last two decades. For individual pairs of real estate and stock markets, our analysis shows that the current levels of local, regional, and global correlations between real estate and stock markets are time-varying, and at most, moderate at the respective integration levels. The real estate and stock markets are both contemporaneously and causally linked in their returns and volatilities; however, the causality relationship appears weaker. In the long run, the real estate markets have slowly become more integrated with the global and regional stock markets, while less integrated with the local stock markets. In addition, the extracted common factors allow for a direct assessment of the dynamic relationships between the real estate and stock markets as a group, and thereby complement the individual results. Finally, there appears to be a declining real estate and stock return dispersion and differential at the local, regional, and global levels for all nine economies studied in this research work, which indicate a tendency of return convergence between real estate and stock markets in the international environment.

scholarly journals Applying the Phenomenon of Real Estate Market Subject Translocality to Determine the Regional Development Level of Polish Voivodeships

2015 ◽  
Vol 23 (2) ◽  
pp. 27-39 ◽  
Author(s):  
Justyna Brzezicka ◽  
Radoslaw Wisniewski
Keyword(s):  
Cluster Analysis ◽  
Real Estate ◽  
Real Estate Market ◽  
Review Of Literature ◽  
Practical Application ◽  
The Real ◽  
The Real Estate ◽  
Development Level ◽  
The Real Estate Market ◽  
The Subject

Abstract The article pertains to the issue of subject translocality on the real estate market and indicates the scope of its practical application connected with determining the level of the economic development of voivodeships. The issue of real estate market subject translocality was analyzed on the basis of a review of literature connected with the locality of the real estate market in its subject plane, as well as by setting apart a category referring to the subject plane of the real estate market. The work is of an empirical nature. In this part, coefficients of real estate market subject translocality were used in order to assess the level of development of individual voivodeships. Cluster analysis was also used in order to establish the groups of voivodeships similar in terms of the level of real estate market subject translocality.

Czy budynek można uznać za budowlę w rozumieniu ustawy o podatkach i opłatach lokalnych? Glosa krytyczna do wyroku NSA z dnia 8 maja 2018 r., sygn. II FSK 1162/16

2020 ◽  
Vol 30 ◽  
pp. 371-379
Author(s):  
Ewelina Bobrus-Nowińska ◽  
Keyword(s):  
Real Estate ◽  
Subject Matter ◽  
Property Tax ◽  
The Real ◽  
The Real Estate ◽  
Language Interpretation ◽  
Real Estate Tax ◽  
Constitutional Tribunal ◽  
The Subject ◽  
Correct Implementation

For correct implementation of the real estate tax, it is essential to properly qualify the object as a building or a structure. Currently, we are dealing with a precedent situation when the NSA and TK occupy opposite positions on this topic. The NSA indicates the factors, i.e. the purpose, equipment and the manner and possibilities of using this object as a whole. The Constitutional Tribunal emphasizes that the qualification of an object is determined solely by the features indicated directly in the provisions of the Act. It seems that in this case the only correct solution is to accept the position of the Constitutional Tribunal, according to which the language interpretation is decisive for the subject matter. As a result – an object can not be a building and a structure for the purposes of property tax, as they are separable definitions.

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