scholarly journals The Impact of Metro Stations Construction on the Real Estate Commissioning in the Surrounding Areas

2020 ◽  
pp. 50-55
Author(s):  
MAKSIMOV S.O.
Keyword(s):  
Real Estate ◽  
Time Lag ◽  
The Real ◽  
The Real Estate ◽  
Starting Point ◽  
The Media ◽  
The Moment ◽  
Under Construction ◽  
Surrounding Areas ◽  
The Impact

The impact of metro stations under construction on the dynamics of real estate commissioning in the adjacent territories from the moment of first mention in the media to the moment of commissioning is considered. The study was conducted on the example of the city of Moscow. Research results show that plans for the construction of metro facilities begin to influence the dynamics of real estate commissioning in the surrounding areas long before their actual implementation. The moment, when information about plans for the construction of new metro facilities becomes available to the public, can be taken as a starting point. Since the announcement of plans for the construction of the metro, the real estate commissioning in the surrounding areas may show several peaks. The first peak is observed 3–5 years after the announcement of construction plans, the second – in the project year of construction completion. The analysis showed the reduce in the volumes of real estate commissioning in the zone of influence of subway facilities after their construction, however, it is necessary to take into account the overall level of urban activity of territories. Keywords: housing, real estate, transport, urban planning, metro, non-residential real estate, time lag.

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 The Impact of Property Tax on the Development of Real Estate Industry

2021 ◽  
Vol 4 (3) ◽  
pp. 73-75
Author(s):  
Ruoke Hu ◽  
Fangke Li
Keyword(s):  
Real Estate ◽  
Rapid Development ◽  
Housing Prices ◽  
Property Tax ◽  
Real Estate Industry ◽  
High Property ◽  
The Real ◽  
The Real Estate ◽  
Significant Growth ◽  
The Impact

In recent years, due to the rapid development of the real estate industry in China, land speculation has begun in addition to the significant growth in economy. However, this rapid development has led to an extreme rise in housing prices, largely owing to high property tax. This article analyzed the impact of property tax on the development of real estate industry and provided countermeasures.

scholarly journals Digital Technology And The Real Estate Industry

2019 ◽  
Vol 9 (2) ◽  
Author(s):  
Mohd Lizam
Keyword(s):  
Real Estate ◽  
Business Process ◽  
Digital Technology ◽  
Real Estate Industry ◽  
The Real ◽  
The Real Estate ◽  
Technological Impact ◽  
Start Ups ◽  
The Impact ◽  
Organisational Strategy

This paper briefly summarises the extent of the technological impact on the real estate industry, in particular, digital technology. As real estate industry is naturally characterized by several disadvantages in comparison to other industry, understanding the impact of digital technology is crucial to the industry on whether this technology will distrust the industry or complement the business process. The emergence of PropTech start-ups has made the industry players to re-evaluate its organisational strategy to align the business process to a possible threat to the present business model. Prior studies suggest that PropTech comes in there waves in which each wave is characterized by the respective period advancement in digital technology. Several studies also indicate that digital technology may not entirely disrupt the industry but do have a significant potential to act as a complement to the industry in improving its productivity and efficiency.

scholarly journals ПОЛІТИКА ЧЕСЬКОГО НАЦІОНАЛЬНОГО БАНКУ ЩОДО РИНКУ НЕРУХОМОСТІ

2021 ◽  
pp. 70-75
Author(s):  
Олександр Володимирович Києвич
Keyword(s):  
Czech Republic ◽  
Real Estate ◽  
Real Estate Market ◽  
Safe Haven ◽  
The Czech Republic ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
The World ◽  
The Impact

Nowadays, when we still see the impact of COVID not only in the Czech Republic, but all over the world, when the value of money is constantly decreasing due to inflation and negative trends in the economy, people usually try to save their savings where they are confident that they will not lose value. The purpose of the article is to characterize the policy of the Czech National Bank in relation to the real estate market. Research hypothesis. The population of the Czech Republic now perceives housing as a safe haven and protects their savings by buying real estate. That is why, according to practicing economists, the great interest of Czechs in investing in real estate will continue in the coming years. Presentation of the main material. Wealthy people in the Czech Republic are now investing their money in apartments to protect their savings from inflation, which was largely fueled by covid restrictions. Rising inflation and volatility in world currencies is a serious blow to those who keep their savings in cash, so people want to own any asset that has any hope of going up. Originality and practical significance of the research. It has been proven that overheated markets sometimes collapse with dire consequences for a country's economy. And this is the responsibility of the regulators, who must anticipate and prevent such trends in the markets. Conclusions and prospects for further research. The current situation with the pandemic has not affected the real estate market, which is perhaps surprising. The population of the Czech Republic now perceives housing as a safe haven and protects their savings by buying real estate. The main task today of all financial market regulators, not only in the Czech Republic, but all over the world, is and will be the task of preventing a sharp collapse of the formed bubbles, including the real estate market.

scholarly journals International Real Estate Review

2020 ◽  
Vol 23 (1) ◽  
pp. 37-63
Author(s):  
Helen X. H. Bao ◽  
◽  
Adam Brady ◽  
Ziyou Wang ◽  
◽  
...  
Keyword(s):  
Real Estate ◽  
Statistical Significance ◽  
Abnormal Returns ◽  
Event Studies ◽  
Market Force ◽  
The Real ◽  
The Real Estate ◽  
Pricing Efficiency ◽  
Set Up ◽  
The Impact

We use the reclassification of the real estate stocks in the S&P 500 from the Financials sector as a natural experiment to test the co-existence of both market force and behavioural biases. By performing event studies on real estate investment trusts (REITs) included in the S&P 400, S&P 500, and S&P 600 indices on both the announcement and implementation dates, we investigate the impact of the reclassification of the real estate stocks in the S&P 500 from the Financials sector to the newly created Real Estate sector under the Global Industry Classification Standard (GICS) system. We set up four hypotheses to test if the identified reclassification effect is due to improved pricing efficiency or bounded rationality. The event studies confirm the presence of abnormal returns during the announcement of the new sector and the S&P implementation. The reclassification effect is the largest for large-cap real estate stocks that are included in the S&P 500 index. These abnormal returns are robust to various measures of statistical significance and variation of event windows. The creation of a real estate category in the GICS improves the pricing efficiency of real estate stocks, but also triggers framing effects among investors. The market is under the influence of both rational and irrational forces.

scholarly journals Early effects of theCOVID_19 pandemic on the real estate market in Georgia

2021 ◽  
Vol 16 (02) ◽  
pp. 58-65
Author(s):  
Natia Terterashvili Natia Terterashvili
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
State Regulation ◽  
Recent Experience ◽  
The Real ◽  
The Real Estate ◽  
Crisis Situation ◽  
The Real Estate Market ◽  
Early Effects ◽  
The Impact

The article analyzes the early effects of the COVID_19 pandemic on the Georgian real estate market. There are studies examining the impact of health deterioration and pandemic shocks on housing markets. Based on the analysis of the economic consequences caused by similar events in the past and the tools of state regulation in a crisis situation, parallels are drawn with the modern Covid pandemic. In studying the crisis situation in the real estate market, we also rely on the experience of the global financial crisis of 2007-2008, which is most often associated with the current situation. The research is mainly based on the data of the Georgian Public Registry on the real estate market, which is updated by months. The article also discusses the role and importance of government decision-making in the development business, which has helped the real estate market to some extent. Crises are particularly damaging to the construction and real estate sectors, but we also expect that the real estate market will recover rapidly with the lifting of restrictions. This is based on the recent experience of Georgia, in particular, our simultaneous analysis of the results of the first wave of the COVID_19 pandemic. The situation was different during the crisis of 2007-2008, which was accompanied by war with Russia. Then the turn over of the construction sector decreased by 12% per year and it took about three years for the market to fully recover. At the same time, before 2008, the prices in the real estate market were very high, which confirmed the existence of a real estate "bubble". In modern conditions, it is difficult to talk about the existence of a "bubble", because before the pandemic real estate prices were balanced and stable. This fact allows for additional optimism. The paper summarizes the main findings, identifies all the challenges the market are facing and also provides relevant recommendations for market participants. Keywords: COVID_19 pandemic, Real Estate, Crisis, development business, State regulations.

scholarly journals Study on the Influence of Urban Rail Transit on the Value of Real Estate Based on Information System

2015 ◽  
Vol 9 (1) ◽  
pp. 73-80
Author(s):  
Jiao Lichao
Keyword(s):  
Information System ◽  
Real Estate ◽  
Real Estate Market ◽  
Urban Rail Transit ◽  
Rail Transit ◽  
Market Information ◽  
The Real ◽  
The Real Estate ◽  
Urban Rail ◽  
The Impact

Urban rail transit has strong transportation capability, but little environmental pollution. Besides, it also saves land resource. These advantages make the urban rail transit gradually becomes an effective measure to solve city traffic problems. In order to analyze the impact of the scope and extent of urban rail transit on the real estate, this paper first introduces the composition of real estate market information system, explains the process of how the urban rail transit influences the value of real estate by taking the 1st project of line 1 of Zhengzhou urban rail transit in Henan province for example, finds the semi logarithmic model which has the best regression effects with three hedonic price models and the collected data from the real estate market information system, and finally works out the added value of real estate generated by the above urban rail transit.

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