scholarly journals Geoscience Methods in Real Estate Market Analyses Subjectivity Decrease

Geosciences ◽  
2019 ◽  
Vol 9 (3) ◽  
pp. 130 ◽  
Author(s):  
Malgorzata Renigier-Bilozor ◽  
Artur Janowski ◽  
Marek Walacik
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Market Analysis ◽  
Decision Making Process ◽  
Precise Calculation ◽  
The World ◽  
Estate Management ◽  
Real Estate Management ◽  
The Impact

Real estate management, including real estate market analysis, is part of a so-called geosystem. In recent years, the popularity of creating various types of systems and automatic solutions in real estate management, including those related to property classification and valuation, has been growing in the world, mainly to reduce the impact of human subjectivity, to increase the scope of analyses and reduce research time. A very important fact that should be underlined is that properties are strongly related to geolocation (space) and strongly determine it. Authors proposed in the paper solutions that highlight implementation of geoscience and “geo-approach” combined with fuzzy logic methods that allow to decrease subjectivity in property analyses and diminish uncertainty in decision making process. The proposed methodology involves three main problematic components of decision support system in property investment analyses development with the use of geo-technologies such as: determination of the database model; elaboration geo-property-zones with geoprocessing activities; identification of homogeneous group of properties transactions. The influence of spatial decision factor determined in the study lead to objective and precise calculation of value differentiation from 22 to 43% depending on the property’s remoteness to the sea.

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 Application of AHP Method in Assessment of the Influence of Attributes on Value in the Process of Real Estate Valuation

2019 ◽  
Vol 27 (4) ◽  
pp. 15-26
Author(s):  
Krzysztof Dmytrów ◽  
Sebastian Gnat
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Comparative Approach ◽  
Ahp Method ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Valuation ◽  
The Impact ◽  
Hierarchy Process

Abstract Property valuation in the comparative approach requires the determination of the impact of market characteristics on the formation of prices on the local real estate market. Valuers have a variety of methods for determining weights. Some of them require the collection of a sufficiently large database of information on transactions. However, this is not always possible. In the absence of sufficient data, alternative approaches, including an expert approach, may be used. The goal of the article is the proposal of an expert approach at the stage of assessing the influence of attributes on the value of the real estate. The AHP (Analytical Hierarchy Process) method will be used. On its basis, pairwise comparisons of the importance of attributes will be done by experts (valuers). By means of the AHP method, the weights of each attribute will be obtained and, subsequently, the influence of each attribute on the real estate value will be assessed. Research will be done on the basis of 318 real estates in Szczecin.

scholarly journals Identifying the criteria for corporate real estate decisions through the laddering technique: an analysis of care organisations in The Netherlands

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Emelieke Huisman ◽  
Rianne Appel-Meulenbroek ◽  
Helianthe Kort ◽  
Theo Arentze
Keyword(s):  
Decision Making ◽  
Nursing Home ◽  
Real Estate ◽  
The Netherlands ◽  
Decision Makers ◽  
Decision Making Process ◽  
Content Type ◽  
Corporate Real Estate ◽  
Estate Management ◽  
Real Estate Management

Purpose Board members and real estate managers (decision makers) play an important role in the decision-making process in nursing home organisations. This study aims to provide an understanding of underlying attributes and benefits sought by decision makers when making nursing home real estate decisions. Design/methodology/approach Decision makers from seven different nursing home organisations in The Netherlands were interviewed using the laddering technique to determine the individual requirements, the considerations of the decision alternatives, the relevant attributes and benefits and their mutual relationships. Findings This study details the motivations behind real estate management decisions in nursing home organisations. The findings show that apart from financial considerations, decision makers strive to enhance the quality of life and satisfaction of users with their real estate decisions and seek to include residents and employees in the process. These benefits are connected to the goals of well-being and innovation in health care. Furthermore, functionality, physical and functional flexibility and technology are key considerations when undertaking corporate real estate (CRE) decisions, to ensure that real estate management aligns with the strategic goals of the nursing home organisation. Practical implications The insights of this study can support decision makers in healthcare facilities to create strategic value with their real estate. Understanding how to obtain certain benefits from nursing home real estate may result in a better realisation of organisational objectives and user needs. Originality/value This study reveals the decision-making process in a nursing home context. Moreover, the laddering technique is used as a new method to explore and gain a deep understanding of CRE decision-making processes.

scholarly journals Real Estate Management in Malaysian Public Schools: Determination of Success Factors

2015 ◽  
Vol 23 (2) ◽  
pp. 52-67 ◽  
Author(s):  
Shardy Abdullah ◽  
Mohd Nurfadzli Mat Nah ◽  
Arman Abdul Razak
Keyword(s):  
Public Schools ◽  
Real Estate ◽  
Success Factors ◽  
Management Practice ◽  
The Real Estate ◽  
State Education ◽  
State Education Department ◽  
Estate Management ◽  
Real Estate Management

Abstract Effective real estate management practice is needed to ensure that the property in Malaysia, including public schools, can be fully utilized. The purpose of this study is to identify the success factors of the real estate management of Malaysia’s public schools. To achieve this aim, a questionnaire was developed as a research tool. The respondents involved were representatives of public schools and officers from the state education department offices (on the basis of whom the total population was calculated) in Pulau Pinang, Malaysia. The respondents were chosen using a random sampling method. The success factors of managing property in public schools were identified by Exploratory Factor Analysis (EFA), using the principals of component analysis, the t-test, Cronbach’s alpha and mean analysis. The findings show that the majority of the respondents agreed that all of the listed 18 success factors within the 4 main factor groups as addressed in the survey are important for the efficient and effective improvement of real estate management, especially in Malaysian public schools.

Economy and real estate management

2020 ◽  
Author(s):  
Ekaterina SAVEL'EVA
Keyword(s):  
Real Estate ◽  
Undergraduate Students ◽  
Real Estate Market ◽  
Mortgage Lending ◽  
Federal State ◽  
The Real Estate ◽  
Wide Range ◽  
Estate Management ◽  
State Educational ◽  
Real Estate Management

The textbook examines the legal and financial aspects of the economy and real estate management, market analysis, real estate, investing (including project financing) and mortgage lending; the essence of development; principles and approaches to effective management of modern real estate, and also questions of technical exploitation and safety of buildings; current issues of taxation of real estate; methods of valuation of real estate. Meets the requirements of Federal state educational standards of higher education of the last generation. Designed for undergraduate students enrolled in fields of study 38.03.01 "Economics" (profile "Economics and management of real estate and investments", "Economy and property management") and 38.03.02 "Management" (specialization "Management of real estate"), as well as for students of other specialties, post-graduate students, teachers, beginners appraisers, analysts, specialists in consulting and a wide range of readers interested in the status and development prospects of the real estate market.

PERFECTING OF VALUE MANAGEMENT OF SBERBANK PJSC CORPORATE REAL ESTATE PORTFOLIO AS A PROFIT-CENTER

2021 ◽  
Vol 1 (175) ◽  
pp. 111-125
Author(s):  
A.A. Feshchenko ◽  
Keyword(s):  
Statistical Analysis ◽  
Real Estate ◽  
Business Environment ◽  
Real Estate Market ◽  
Value Management ◽  
Profit Center ◽  
Corporate Real Estate ◽  
Estate Management ◽  
Real Estate Management ◽  
Corporate Real Estate Management

The subject of the research is a corporate real estate portfolio (CREP) of Sberbank PJSC. The aim of this study is to establish significance of developing methodological and theoretical approaches towards value management of the bank’s corporate real estate portfolio as a profit center and practical approaches towards optimizing portfolio composition. The theoretical and methodological basis of the study includes the scientific works of Russian and foreign researchers on the problems of corporate real estate management (including that of the banks’), statistical analysis of CREP, fundamental and price analysis of commercial real estate market, PEST-analysis and SWOT-analysis of CREP. The results of the study are the introduction of the term “corporate real estate management system as a profit-center” and overall analysis of the existing approaches towards managing corporate real estate as a profit center, comparison different compositions of CREP composition. Practical and substantive statistical analysis of the current CREP state was undertaken as well as the key aspect of CREP value management was studied – namely optimization of ratio between owned and leased properties within the portfolio. The authors conclude that ownership is fit for some properties of Sberbank PJSC – head offices and key business divisions, which among things dictate certain corporate image requirements. However, for most of the rest of CREP properties, leasing however is a more appropriate format that enables corporation to respond to an ever-changing business environment.

scholarly journals Comparison of Real Estate Management System in China and Poland

2020 ◽  
Vol 28 (1) ◽  
pp. 13-27
Author(s):  
Marta Gross ◽  
Chao Lin
Keyword(s):  
Comparative Analysis ◽  
Real Estate ◽  
Swot Analysis ◽  
Management Systems ◽  
The Real Estate ◽  
The World ◽  
History Of ◽  
Estate Management ◽  
Real Estate Management ◽  
Different Cultures

AbstractReal estate management systems differ all over the world. Differences arise from the different history of regions, different cultures and customs. The paper presents information about the real estate management systems in China and Poland, two extremely different countries. The authors have tried to show the differences and similarities between the countries. The research methods that were used to prepare the paper include a TOWS/SWOT analysis and a comparative analysis.

scholarly journals Facility Management as a Concept to Support Real Estate Management

2015 ◽  
Vol 16 (1) ◽  
pp. 141-160
Author(s):  
Marcin Sitek
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Facility Management ◽  
Local Market ◽  
The Real ◽  
The Real Estate ◽  
Investment Projects ◽  
The Real Estate Market ◽  
Estate Management ◽  
Real Estate Management

AbstractThe focus of the study is on contemporary concept of Facility Management (FM) that supports processes of management, especially real estate management. The study attempted to analyse the assumptions of standardization of real estate management within the FM concept. Analysis of the situation in the real estate market in Poland in 2013 showed the necessity of implementation of effective management, which concerns not only investment projects, but, particularly, the area of management of facilities and innovations, and taking measures aimed at increasing the value of real estate. The role and opportunities offered by certain contemporary methods of real estate management (benchmarking and outsourcing) have been discussed, particularly in terms of management of auxiliary processes. The study presented situation in the local construction sector and developer enterprises in Poland, particularly in terms of taking measures concerning formation of demand and customer preferences in the real estate market. The results obtained in the study were used to analyse situation in the market of real estate in Częstochowa, Poland, stimulated directly by tendencies observed in this local market and suggest the necessity of proper management of auxiliary processes, which will substantially contribute to improvement of enterprises’ operation.

scholarly journals Econometric Identification of the Impact of Real Estate Characteristics Based on Predictive and Studentized Residuals

2017 ◽  
Vol 25 (1) ◽  
pp. 84-92
Author(s):  
Mariusz Doszyń ◽  
Sebastian Gnat
Keyword(s):  
Real Estate ◽  
Econometric Model ◽  
Real Estate Market ◽  
Market Analysis ◽  
The Real ◽  
The Real Estate ◽  
Explanatory Variables ◽  
Specific Factors ◽  
The Impact ◽  
Studentized Residuals

Abstract The paper proposes a means of determining the impact of real estate characteristics based on the residuals of an accordingly specified econometric model. The econometric model contains explanatory variables whose values are easily measurable. Then, the hypothesis that the residuals of the econometric model encompass the impact of specific factors indicating that the real estate is atypical is verified, thus supporting real estate market analysis. The work describes various types of residuals (predictive and studentized residuals).

A Case Study of Public Real Estate Management in Chosen Countries

2017 ◽  
Author(s):  
Marta Gross ◽  
Ryszard Zróbek
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Case Study Research ◽  
Real Estate Market ◽  
Management Systems ◽  
Basic Information ◽  
Gis Tools ◽  
Estate Management ◽  
Real Estate Management

Real estate management is a system. It consists of relations, procedures and processes occurring between entities and subjects at real estate market. It is helpful in proper decision-making based on information about the entities (and their needs) and the state of a property. Real estate management is different in various countries. The case study research was carried out on three chosen public real estate management systems: German, Polish and Swiss. The paper presents some basic information about public real estate management in analysed countries. The authors conducted an analysis of the systems using some indicators and geo-spatial analysis which was performed with use of GIS tools. It gives the opportunity to estimate and show differences and similarities between analysed systems. The paper shows that there is a possibility to use some international indicators to compare public real estate management systems. So there is still a need to improve these systems more and more.

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