scholarly journals Population Aging, Mobility, and Real Estate Price: Evidence from Cities in China

2018 ◽  
Vol 10 (9) ◽  
pp. 3140 ◽  
Author(s):  
Xinrui Wang ◽  
Eddie Hui ◽  
Jiuxia Sun

Demographic factors are crucial to the sustainable development of one country. China’s population is aging at an accelerating rate and, together with the increasing mobility between cities, some special demographic issues have formed, which is quite related to the urban real estate market. The paper aims to investigate how the population aging and mobility affect housing prices at the city level, by using a set of two-period panel data of 294 prefecture-level cities in China. The results show that an increase in elderly dependency ratio by 1% leads to a rise in housing prices by 0.368%. Meanwhile, an increase in urbanization level by 1% drives up housing prices by about 0.139%, and a rise in the ratio of inter-regional migration by 1% will increase housing prices by about 1.038%. Furthermore, the policy of purchase limits could weaken the positive impacts of elderly dependency ratio and inter-regional migration on housing prices and, thus, plays a moderating role on the relationship between demographic structure and housing prices.

2022 ◽  
Vol 132 ◽  
pp. 01024
Author(s):  
Petr Junga ◽  
Radka Smolinská ◽  
Tomáš Krulický ◽  
Veronika Machová

The aim of the paper is an application of the basic principles in determining rental housing prices and factors that may affect them. In the experimental part, an analysis of rental housing in the city of Brno is performed for the 2020 – 2021 period affected by the covid-19 pandemic. The analysis is processed for individual city districts and divided according to apartment layout. Finally, all outputs are compared and the real estate market development is determined with a focus on the biggest changes and their occurrence.


Author(s):  
D. P. Shatilo

Paris is one of the most interesting examples of immigrants’ settlement pattern in the city. At various historical immigration stages, different immigrants groups settled in certain areas. Immigration policy, real estate prices differentiation, and the distribution of social housing have led to the concentration in some areas people from developing and poor countries. Sometimes they create a tense situation in the region and even in the city in general. These areas combine the signs of the “ghettos”, which has been denied for a long time by authorities. Considering the immigrants territorial structure, the housing prices, incomes, distribution of social housing, unemployment, the author reveals the features of the territorial differentiation in Paris. Data on the cost of real estate prices was collected according to the author’s algorithm. The differentiation of the residential real estate market in the Paris department is an interesting case. There also was found a correlation between the housing prices and the immigrants’ settlement pattern. However, there are immigrants from developed countries (for example, the USA, Japan), and from developing once in Paris. That is why in “expensive” areas there can be observed a large share of immigrants, as well as a small one. Immigrants from Algeria, Morocco and Tunisia settle in the northern part of the Petit-Couronne. On the Val-de-Marne department in southeastern periphery, there is a small concentration of immigrants from Portugal. Turkish immigrants mostly live in the SeineSaint-Denis department. The ambiguous effect of the immigrants settlement pattern on income, unemployment and social housing was revealed. The comparison of all factors revealed a mosaic territorial distribution.


Author(s):  
V. Zapototska ◽  
O. Levytska ◽  
I. Horyn

In this article we consider the theoretical and applied principles of formation of the cost of residential areas of Lviv. Some factors of supply were evaluated such as: availability of housing, the exploitaition of housing, foreign direct investments, the amount of construction works. The assessment of activity indicators of the real estate market in the regions was done. Maximum of residential real estate of the secondary market of Lviv, which were on sale in 2015, was observed in FrankIvskiy region (20.0% of all objects), because it has a high degree of intensity of functioning of the real estate market in this segment. However, in Sykhivskiy region the development of secondary real estate is retarded, despite of the significant amounts of housing. An analysis of the price indices of housing in the city allowed to the authors to identify five areas of pricing, to analyze property values of the areas of the city and to outline the reasons of differentiation. The first – Central area – includes Galitskiy array. The second – middle zone – consists of Zaliznichniy, Frankivskiy, Shevchenkivskiy and Lychakivskyi arrays and Lychakiv, Pogulyanka and the New Lviv. The third – peripheral urban area – covers Levandivka, Sriblyastiy, Veliki Kravchitsi, Znesinnia, Mayorivka, Kozelnyky, Sihiv and Sykhivskiy array Bodnarivka, Kulparkiv, Zamarstyniv and Zboyischa. The fourth – peripheral area – includes Syhnivka and Ryasne. The fifth – neighborhood peripheral zone– applies to the Lysynachi and Ryasne-2. The authors managed to create a map of the potential fields in a cost of residential development in the city. The amount of new buildings in the city’s area also was analyzed in the work. According to the forecast which was made by using analytical methods of smoothing and leveling till May 2017, prices in secondary market of all areas of Lviv will gradually decrease in average house. Naturally, the highest values in prices will occur in the central and middle areas. The reason is that the investigated territory is the historical center of the city, which has a high level of service industry. This part of city has the highest level of industrial production and sales of industrial products. It also constantly focuses on development of trade and providing the local population with qualitative goods and services. Housing prices will be the lowest in peripheral approximate, peripheral and remote peripheral areas of Lviv, which are the youngest and the most isolated among other areas of the city. There are also green areas in Lviv which are characterized by insufficient availability of social facilities. The main problem here is transport infrastructure. It needs development and improvement because the locals daily faced with serious problems both during arrival at work or school and when they return home. In the work also were conducted the calculations of tightness connection (correlation) parameters of the commissioning of housing, retail turnover volume of enterprises of direct investment, the quantity of people and the average nominal wage by an average of one full-time employee. The result of the reseach is a tight connection between the commissioning of housing and retail turnover of enterprises and average nominal wages on average one staff member. It has a linear character and it’s positive. However, direct investments and quantity of population in general are not related to the investigation process.


Buildings ◽  
2021 ◽  
Vol 11 (5) ◽  
pp. 213
Author(s):  
Pierluigi Morano ◽  
Francesco Tajani ◽  
Felicia Di Liddo ◽  
Michele Darò

Among environmental factors, noise represents one of the most relevant determinants on human health and on the urban quality level and, consequently, on real estate values. Thus, the noise pollution issue plays a significant role in public urban policies aimed at increasing the acoustic comfort level and creating more sustainable and comfortable cities. The real estate market is highly sensitive to noise factor and the residential prices can be strongly influenced by a high acoustic pollution rate. The present research aims to analyze the functional relationships between noise pollution and selling prices in four municipal areas of the city of Bari (Southern Italy). For each area, a study sample constituted by two hundred residential properties sold in 2017–2019 was detected for the identification of the main influential factors on prices and the investigation of the contribution of noise on them. The implementation of an econometric technique was used to obtain four different models (one for each municipal area of the city of Bari) able to explain the specific impact of noise pollution level on selling prices. From the comparison of the results obtained for each area, the outputs confirm the expected phenomena in terms of a decrease of noise component influence on residential prices from the central area to the peripheral. For the suburban area of the city of Bari, the model obtained does not include the noise pollution factor, showing a lower (scarce) importance of the environmental factor among the buyer and seller bargaining phases.


2017 ◽  
Vol 10 (5) ◽  
pp. 662-686
Author(s):  
Dimitrios Staikos ◽  
Wenjun Xue

Purpose With this paper, the authors aim to investigate the drivers behind three of the most important aspects of the Chinese real estate market, housing prices, housing rent and new construction. At the same time, the authors perform a comprehensive empirical test of the popular 4-quadrant model by Wheaton and DiPasquale. Design/methodology/approach In this paper, the authors utilize panel cointegration estimation methods and data from 35 Chinese metropolitan areas. Findings The results indicate that the 4-quadrant model is well suited to explain the determinants of housing prices. However, the same is not true regarding housing rent and new construction suggesting a more complex theoretical framework may be required for a well-rounded explanation of real estate markets. Originality/value It is the first time that panel data are used to estimate rent and new construction for China. Also, it is the first time a comprehensive test of the Wheaton and DiPasquale 4-quadrant model is performed using data from China.


REVISTARQUIS ◽  
2016 ◽  
Vol 5 (2) ◽  
Author(s):  
Ángela Matesanz Parellada ◽  
Agustín Hernández Aja

ResumenDesde Europa, en un contexto global de crisis económica, social y ambiental, agravado en el caso español por las consecuencias de la burbuja inmobiliaria, se preconiza la apuesta por la Regeneración Urbana Integrada enmarcada dentro de la Estrategia de Desarrollo Urbano Sostenible Integrado (MHAP, 2015). Aunque ambas estrategias tienen continuidad con el modelo de intervención urbana territorializada de enfoque integrado, impulsadas mediante programas de financiación europeos y dirigidas a barrios desfavorecidos, se incorpora la visión, hasta ahora poco visible, de la necesidad de considerar estas áreas como parte de una ciudad concebida como un todo y en la que resulta fundamental el equilibrio entre sus partes. Esta idea de la rehabilitación urbana como una herramienta de cohesión global, apenas tratada hasta ahora, precisa de un nuevo marco que permita evaluar los resultados de las acciones desarrolladas hasta la fecha, de forma que sus experiencias puedan servir de base para desarrollar nuevas propuestas.Este artículo parte de la necesidad, urgente en el contexto español en el que se enmarca, de definir un nuevo modelo de rehabilitación urbana, que además de integrar las políticas sectoriales y la participación de todos los agentes, incluya el objetivo de la integración de los barrios en un modelo integrado de ciudad. Para ello, plantea un modelo de análisis del objetivo de integración que supere las metodologías, en muchos casos sectoriales, de las actuales políticas e intervención en barrios. AbstractIn the European context of economic, social and environmental crisis, we find theSpanish case where its context is hardly worse, as consequences of an economic model based on real estate market. From this point the European Union’s commitment advocates the Integrated Urban Regeneration framed in the overall context of the strategy for Integrated Sustainable Urban Development (MHAP, 2015). Moreover, both strategies establish some continuity with the line of area-based urban interventions with integrated approach promoted by European programs and targeted on disadvantaged neighbourhoods. Equally the vision of the city as a whole and the necessary balance between its parts has been incorporated to them. This last issue, treated so far in a context with falling interest in planning, requires a new analysis framework to assess the actions taken and also to date and serve as a basis for developing new proposals.Therefore, it is considered the urgency in defining a new model of urban rehabilitation in Spain, which integrates sectoral policies and the (real) participation of all actors, so that, the paper will be based on the need of the neighbourhood’s integration into the city. It is also purposed a possible base of analysis for such integration, which might improve or get over the current urban policy interventions in neighbourhoods.


2018 ◽  
Author(s):  
Radosław Trojanek

In the book, an attempt was made to catalogue knowledge concerning the importance of research into the dynamics of housing prices for social and economic development. The analysis of the experience of countries with well-developed real estate markets in the aspect of building price indexes was carried out. Based on original databases of asking and transaction prices, price indexes were built, which were then subjected to numerous resistance tests. The aims of these research tasks were as follows: 1) to examine the quality of offers for sale as a source of information about changes in the real estate market, 2) to find out whether the repeat sales method can be used for building price indexes and to critically assess this method in terms of the stability of the obtained results, 3) to analyze hedonic methods and indicate the preferred one in terms of the ratio of the quality of results to how time-consuming and cost-intensive it is to build such indexes, 4) to establish the importance of methods and sources of information for building price indexes in different time horizons, 5) to identify how important it is for the fluctuation of price indexes if the cooperative property right to a flat is not taken into account. In order to perform the research tasks and accomplish the goals scopes of the work were defined. The subject followed the aim of the study and refers to prices in the secondary housing market, encompassing both the property right and cooperative property right to a flat or house. The broad scope concerns the discussion in the general part, being narrowed down to the secondary market of flats located in multi-family and single-family buildings. The time scope covers the years 2000-2015, which is connected to the range of empirical studies carried out. They focused both on actual transactions and on offers of flats for sale. On this basis, we built databases which served as the starting point for further analyses. The study involved transactions and offers in the area of Poznan.


2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Mihai Stelian Rusu

AbstractAs toponymic means of inscribing urban space, street names have been addressed mainly by human geographers, who have articulated the field of critical place-name studies. In this paper, I continue the endeavor started in the previous issue published in Social Change Review of reading street names through sociological lenses. Whereas in the first part of this two-part contribution the analysis was made from functionalist and conflictualist perspectives, this second and final part employs social constructionism and the utilitarian theoretical tradition in making sociological sense of street nomenclatures. First, conceiving of street names as forming discursively constructed linguistic landscapes, the paper shows how urban namescapes – the “city-text” – are written, erased, and rewritten to reflect the shifting political powers. Second, the paper examines the neoliberal processes of place branding and toponymic commodification by which street names are turned into sought-after urban commodities with transactional value on the real estate market. The paper concludes by inviting sociologists to join the conversation on street names, which should become an important topic of sociological reflection.


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