scholarly journals Highest and Best Use Analysis in Micro-Market of Dombivli

2019 ◽  
pp. 47-68
Author(s):  
Oshin Kaul ◽  
Vishwas Nagi ◽  
Shekhar Nagargoje
Keyword(s):  
Urban Economics ◽  
Secondary Data ◽  
Real Estate Market ◽  
Residential Housing ◽  
The Real Estate ◽  
Market Participants ◽  
Analysis Process ◽  
Mixed Use ◽  
The Real Estate Market ◽  
The Given

Kalyan-Dombivli is a twin city within the Thane district and forms the "Peripheral Central Suburbs" of Mumbai. Dombivli is a town in Kalyan tehsil and falls under the jurisdiction of Kalyan-Dombivli Municipal Corporation (KDMC). Highest and Best Use Analysis was conducted for the micro-market Dombivli using six step market analysis process. This study focuses on being able to understand the real estate market dynamics in the given context of the chosen micro-market. This allows one to make an informed decision about the most profitable use the site can be put to and its competitive position among the various market participants. The site chosen is hypothetical in nature. The study makes use of primary and secondary data for the various rationales presented in it. It was observed that there is a dearth of affordable properties, Grade A commercial spaces, organized retail spaces (malls) in the city despite an oversupply of residential housing. The inferences and recommendations are based on several scientific methodologies of urban economics and market study. The major conclusion drawn among them all was that, mixed use of the property (Commercial/Residential mix and Commercial/ Retail mix) would bring in the highest returns.

scholarly journals The Effectiveness of Real Estate Market Versus Efficiency of Its Participants

2012 ◽  
Vol 19 (1) ◽  
pp. 95-110 ◽  
Author(s):  
Małgorzata Renigier-Biłozor ◽  
Radosław Wiśniewski
Keyword(s):  
Real Estate ◽  
Rational Expectations ◽  
Rough Set Theory ◽  
Weak Form ◽  
Real Estate Market ◽  
Strong Form ◽  
The Real ◽  
The Real Estate ◽  
Market Participants ◽  
The Real Estate Market

Real estate markets (REMs) may be classified as strong-form efficient, semi-strong-form efficient or weak-form efficient. Efficiency measures the level of development or goal attainment in a complex social and economic system, such as the real estate market. The efficiency of the real estate market is the individual participant's ability to achieve the set goals. The number of goals is equivalent to the number of participants. Every market participant has a set of specific efficiency benchmarks which can be identified and described. In line with the theory of rational expectations, every participant should make decisions in a rational manner by relying on all available information to make the optimal forecast. The effectiveness of the real estate market is a function of the efficiency of individual market participants. This paper attempts to prove the following hypothesis: the effectiveness of a real estate market may be identified by analysing the effectiveness of its participants. The authors also discuss methods based on the rough set theory which can influence the efficiency and efficacy of market participants, and consequently, the effectiveness of the real estate market and its participants.

scholarly journals Mortgage and mortgage lending as a tool for financial recovery of the modern Russian economy

2021 ◽  
Vol 273 ◽  
pp. 08109
Author(s):  
Svetlana Rybak
Keyword(s):  
Real Estate ◽  
Practical Interest ◽  
Legal Regulation ◽  
Real Estate Market ◽  
Mortgage Lending ◽  
The Real Estate ◽  
Market Participants ◽  
Russian Economy ◽  
The Real Estate Market ◽  
Financial Recovery

The article is devoted to the institutional analysis of the problem of improving the legal regulation of mortgage relations in Russia in modern conditions in the presence of a rather limited financial capacity of the population in modern conditions to purchase real estate or housing. In this regard, the mortgage becomes the most necessary tool to ensure the socio-economic development of society, its stable and sustainable development. The formation of the property base currently generates a corresponding demand in the real estate market, and develops a corresponding interest among consumers in mortgage lending. At the same time, the emerging financial mechanism of mortgages also ensures the formation of the solvency of not only the population, but also other market participants, so that this market segment becomes not only in demand, but also successfully developed. Considering this problem, the author sought to update the scientific, theoretical and practical interest in this topic and to reveal the problems that hinder the development of mortgages as an important factor in the financial recovery of the modern market economy.

The Permanent Residential Housing: Geographic Information System-Based Evaluation Considering the Legislation

2017 ◽  
Vol 14 (1) ◽  
pp. 284-290
Author(s):  
Dalibor Bartoněk ◽  
Stanislava Dermeková
Keyword(s):  
Information System ◽  
Geographic Information System ◽  
Real Estate ◽  
Input Data ◽  
Real Estate Market ◽  
Spatial Analyses ◽  
Residential Housing ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market

The paper deals with the conception of multi-criteria analysis geographic information system (GIS). The set of criteria has great influence on the whole project in GIS. This fact is described in chapter “materials and methods” where a new model is discussed. In these model is included influence of legislative which restrict the set of criteria. The selected criteria have also determine the input dataset. It leads to proper and optimal selecting of set of input data in GIS. The advantage is the optimization of input data and selects the best variant in combination with strategies in spatial decision making. The article proposes the evaluation process which is user oriented and consists of several multi-criteria methods. In this paper the authors proposed a mathematical model which includes input data containing hypothesis of the stakeholders (input criteria) and output data representing proposed variants for different solutions. Experimental results are focused on GIS based evaluation of permanent residential housing. As main method of multi-criterial analysis is used sensitive analysis. A team of experts and stakeholders sett importance of the various criteria and thus determine the values of weights for their quantification. These parameters are determined in the model as the main criteria for strategic planning in the real estate engineering. The weights are also numerically quantified using different methods of decision theory. Selected and restricted criteria (by legislative) determine the set of spatial analytical functions. Spatial analyses create an important part of this method. Spatial analyses serve as an attractive cartographic presentation of the project to users appearing in the real estate market using static and of interactive maps. Graphically and numerically multi-criteria analyses are presented as the final result which report analyzing the effectiveness of various factors. These factors affect the real estate market and the price of real estate. From an economic point of view, it is possible to determine these factors by the supply and demand for a particular type of property. The proposed method is a new approach to comprehensive evaluation criteria for the purposes of the real estate market. The existing MCDA methods are integrated into one unit and evaluated through an optimal variant.

Accounting For Residential Real Estate In Urban Planning

2019 ◽  
pp. 30-35
Keyword(s):  
Urban Planning ◽  
Real Estate ◽  
Real Estate Market ◽  
Residential Real Estate ◽  
The Real Estate ◽  
Market Participants ◽  
Apartment Buildings ◽  
The Real Estate Market ◽  
Potential Risks

Issues of conformity of the terminology used by realtors for classification of residential objects to the current legislation are considered. The potential risks and features of accounting in urban planning of non-residential objects (lofts and apartments) for permanent residence of the population are given, the features of their placement are revealed. The distribution of apartment buildings in the administrative okrugs of Moscow, a significant part of which is located within the boundaries of the Central Administrative Okrug, is shown. At the same time, apartments in the center of the capital are represented mainly by low-rise premium class houses, as moving away from the center, the number of stories and the number of premises in the buildings increase. Information about the population living in the apartments is also provided. It is established that in order to ensure the sustainable and harmonious urban development, it is necessary to monitor the real estate market and timely update the official terminology for unhindered communication with market participants.

FARMLAND ACQUISITION BY FOREIGNERS IN POLAND IN YEARS 2000–2013

2015 ◽  
Author(s):  
Renata MARKS-BIELSKA ◽  
Agata ZIELIŃSKA,
Keyword(s):  
Agricultural Land ◽  
Secondary Data ◽  
Real Estate Market ◽  
Agricultural Economics ◽  
Land Acquisition ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Future Situation ◽  
Food Economy ◽  
Political Decisions

The present study aimed at identification and evaluation the issue of agricultural land acquisition by foreigners in Poland in the years 2000–2013. The authors have used secondary data from: the Ministry of Interior, the Agricultural Property Agency (APA) and the Institute of Agricultural Economics and Food Economy. The issue of farmland acquisition regulation in UE countries was also mentioned. The area of agriculture land acquired in the analyzed time is 5 0833, 98 hectare. The phenomenon most intensively affects legal persons (with permission of Minister of Interior) who purchase 68.7 % of it. Having considered the analyzed issue from the perspective of the country of origin, Germany and Austria dominate in natural persons (49.04 %) and in the case of legal entities leaders are: Germany and the Netherlands (58.27 %).Significant for interest of polish agricultural land by foreigners was Poland’s accession to the European Community, when in the real estate market a recovery from the foreigners side happened. The future situation in the agricultural land market in Poland is determined by the political decisions and public opinion pressure, especially before 1 May 2016. Present prepositions of changes in the regulation will rather do not limit requirements in land acquisition by foreigners like in Hungary, Slovakia, Lithuania or Bulgaria.

REAL ESTATE MARKET SYSTEM - PHASE SPACE THEORY APPROACH

2013 ◽  
Vol 21 (4) ◽  
pp. 87-95 ◽  
Author(s):  
Anna Radzewicz
Keyword(s):  
Phase Space ◽  
Real Estate ◽  
Real Estate Market ◽  
Space Theory ◽  
The Real ◽  
The Real Estate ◽  
Market Participants ◽  
The Real Estate Market ◽  
Phase Space Theory ◽  
Decision Making Processes

Abstract The real estate market poses a topic of research in the theoretical sense, as well as encouraging researchers to search for new methods/tools/platforms which would help to understand, manage and undertake all kinds of activities (decisions) within its realm. The process of globalization, need to constantly gather information (create extensive registers), data management, implementation of complicated computing procedures (which only seemingly provide solutions), and awareness and knowledge of market participants are supposed to lead us to "ultimately understand" the structures of the real estate market. However, in most cases, the decisions made in the real estate market realm are not rational. Market participants do not always act accordingly to the (economic) presumptions of the market and many of their behaviors can easily be viewed as chaotic and impulsive. Owing to this fact, it seems justified to invoke mathematical and physical concepts, and apply them to the real estate market. This article describes the concept of how the real estate market is perceived according to the phase space theory. Phase space is understood as a multidimensional space of market events where the transfer of rights to real estate takes place and decision-making processes occur. Transaction prices, on the other hand, indicate market development and are an emanation of decision-making processes. The goal of this article is to provide proof for the hypothesis that the real estate market is a system existing in multidimensional phase space and that the complexity of this space affects the unit price of real estate.

scholarly journals CONSUMPTION AND INVESTMENT VALUES IN HOUSING PRICE: A REAL OPTIONS APPROACH

2021 ◽  
Vol 25 (4) ◽  
pp. 278-290
Author(s):  
Chih-Hsing Hung ◽  
Shyh-Weir Tzang
Keyword(s):  
Real Estate ◽  
Housing Price ◽  
Real Estate Market ◽  
Price Formation ◽  
The Real Estate ◽  
Housing Value ◽  
Market Participants ◽  
Real Options Approach ◽  
Put Option ◽  
The Real Estate Market

Homeowners can be viewed as the put option holders who can sell housing to lenders when the housing price is lower than its mortgage value and sell houses when the housing price rises above a certain threshold. On the basis of the theory of investment under uncertainty, we model the housing value from the perspective of houseowners who can choose to either live in their houses or switch houses for comfort improvement and price appreciation. We can decompose the housing value into consumption and investment values by exploring parameters affecting housing value and decision making of houseowners. We find that the proportion of investment value to housing value increases with the volatility of the housing market, indicating the possible formation of housing bubbles. In addition, the comfort and utility provided by housing are critical for homeowners to decide whether to sell their houses. The analysis provides policymakers and market participants in the real estate market with insights into the price formation of real estate.

scholarly journals Impact of the coronavirus pandemic in 2020 on the real estate market in Russia: legal aspects

2020 ◽  
Vol 210 ◽  
pp. 13001
Author(s):  
Karine Avakyan ◽  
Gennady Pratsko
Keyword(s):  
Real Estate ◽  
New Technologies ◽  
Legal Aspects ◽  
Real Estate Market ◽  
Negative Consequences ◽  
The Real ◽  
The Real Estate ◽  
Market Participants ◽  
The Real Estate Market ◽  
Coronavirus Infection

The purpose of the study: all spheres of society and economy have been exposed to the coronavirus infection and are forced to adapt to new conditions and rules. The state is taking various measures to support both society and business, and is introducing new regulations designed to reduce the negative consequences of the economic shutdown. The purpose of this work is to consider the consequences that the coronavirus pandemic has had on the real estate market, to research new technologies used by market participants, and also to analyze the most significant changes in federal legislation in Russia in the context of a pandemic.

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