scholarly journals National Land Use Policy against the Misuse of the Agricultural Land—Causes and Effects. Evidence from Poland

2019 ◽  
Vol 11 (22) ◽  
pp. 6403 ◽  
Author(s):  
Alina Źróbek-Różańska ◽  
Joanna Zielińska-Szczepkowska
Keyword(s):  
Side Effects ◽  
Urban Areas ◽  
Local Governments ◽  
Agricultural Land ◽  
Real Estate Market ◽  
The Real ◽  
The Real Estate ◽  
Real Effects ◽  
The Real Estate Market ◽  
Depth Interviews

Land suitable for agricultural production is limited and should be used in a sustainable manner and protected. Countries of the former communist bloc, where the majority of the agricultural land was dynamically privatized, are in a special situation. Land has been used there also to serve the needs of growing cities, for investment speculation and as entitlement to subsidies. Therefore, legal regulations protecting agricultural land were introduced. In the case of Poland, particular attention should be paid to the radical act of 2016, which completely stopped the sale of Treasury resources and strongly limited sales on the private market. However, the new act caused a number of side effects and various pathologies. This article examines the real effects of policy aimed at combating the misuse of agricultural land. It was assumed that most of the side effects will be observed around big cities, defined as Functional Urban Areas. The following methods were used: a survey in Polish FUAs, analysis of transactions on the real estate market in 2015–2018 and in-depth interviews with representatives of local governments and relevant institutions. The study revealed a number of pathologies, such as ways of circumventing new restrictions or searching for legal loopholes.

scholarly journals Urban Vibrancy: An Emerging Factor that Spatially Influences the Real Estate Market

2020 ◽  
Vol 12 (1) ◽  
pp. 346 ◽  
Author(s):  
Alice Barreca ◽  
Rocco Curto ◽  
Diana Rolando
Keyword(s):  
Real Estate ◽  
Urban Areas ◽  
Housing Prices ◽  
Real Estate Market ◽  
Current Status ◽  
The Real ◽  
The Real Estate ◽  
Activity Intensity ◽  
The Real Estate Market ◽  
Spatial Autoregressive

Urban vibrancy is defined and measured differently in the literature. Originally, it was described as the number of people in and around streets or neighborhoods. Now, it is commonly associated with activity intensity, the diversity of land-use configurations, and the accessibility of a place. The aim of this paper is to study urban vibrancy, its relationship with neighborhood services, and the real estate market. Firstly, it is used a set of neighborhood service variables, and a Principal Component Analysis is performed in order to create a Neighborhood Services Index (NeSI) that is able to identify the most and least vibrant urban areas of a city. Secondly, the influence of urban vibrancy on the listing prices of existing housing is analyzed by performing spatial analyses. To achieve this, the presence of spatial autocorrelation is investigated and spatial clusters are identified. Therefore, spatial autoregressive models are applied to manage spatial effects and to identify the variables that significantly influence the process of housing price determination. The results confirm that housing prices are spatially autocorrelated and highlight that housing prices and NeSI are statistically associated with each other. The identification of the urban areas characterized by different levels of vibrancy and housing prices can effectively support the revision of the urban development plan and its regulatory act, as well as strategic urban policies and actions. Such data analyses support a deep knowledge of the current status quo, which is necessary to drive important changes to develop more efficient, sustainable, and competitive cities.

scholarly journals Today's Market Needs Modernized Property Appraisers

2020 ◽  
Vol 28 (4) ◽  
pp. 93-103
Author(s):  
Sabina Źróbek ◽  
Ewa Kucharska-Stasiak ◽  
Małgorzata Renigier-Biłozor
Keyword(s):  
Real Estate ◽  
Urban Areas ◽  
Real Estate Market ◽  
Sustainable Urban Development ◽  
Modern World ◽  
The Real ◽  
The Real Estate ◽  
Analytical Skills ◽  
The Real Estate Market ◽  
Market Needs

AbstractThe article identifies and provides a synthetic overview of various concepts relating to the evolution of the real estate market and property valuation. According to the authors, the processes observed on the real estate market necessitate changes in training programs for property valuers. Real estate appraisers should be able to cope with new consumer expectations and requirements, and they should be well versed in modern technological solutions and analytical tools. The study indicates that, in order to face the challenges of the modern world, the appraisal profession should undergo a paradigm shift to embrace the fact that real estate is a commodity and that globalization is inevitable on the real estate market. Due to the high value of urban areas, a modern specialist determining the value of real estate is particularly needed there. Property valuers should develop new analytical skills, and they should rely on modern data processing tools to collect and process information. Additionally, recent events, including the COVID-19 pandemic, demonstrate that property appraisers should be better prepared for dealing with unprecedented circumstances. The training curricula proposed in this article should increase property valuers’ competencies and effectively support real estate market entities and sustainable urban development.

scholarly journals Research on the Evaluation of Real Estate Inventory Management in China

Land ◽  
2021 ◽  
Vol 10 (12) ◽  
pp. 1283
Author(s):  
Weiwei Li ◽  
Lisheng Weng ◽  
Kaixu Zhao ◽  
Sidong Zhao ◽  
Ping Zhang
Keyword(s):  
Real Estate ◽  
Inventory Management ◽  
Local Governments ◽  
Supply And Demand ◽  
Influence Factors ◽  
Real Estate Market ◽  
Management Performance ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market

Inventory management not only determines the health of the real estate market development, but also affects the regional economy and the capacity of sustainable social development. In this paper we use the DPSIR framework to integrate multi-dimensional influence factors, such as economic, social, and environmental factors, to construct a real estate inventory management performance evaluation and obstacle diagnosis model, and conduct an empirical study on 31 Chinese provinces and cities. The results show that: first, China’s real estate inventory is huge in size, with significant spatial heterogeneity and agglomeration; second, China’s real estate inventory management performance is unsatisfactory and still shows no improvement despite the strong policy intervention of the central and local governments; third, the obstacle factors of real estate inventory management are becoming increasingly diversified and complicated, with great differences among provinces—significantly, Profits of Real Estate Enterprises, Disposable Income of Urban Residents, Financial Revenue, Per Capital GDP, Resident Population, Gross Domestic Product, Total Retail Sales of Social Consumer Goods, Financial Expense, and Loans Balance of Financial Institutes are critical obstacle factors; and fourth, it is suggested that, on the basis of mastering the actual conditions of supply and demand in the real estate market, differentiated and precise response strategies should be formulated by integrating near-term and long-term goals, direct and indirect forces, and administrative and market instruments.

scholarly journals Households and real estate: Strategies of accumulation and inequality in Spain, 2002-2017

2021 ◽  
pp. 1-4
Author(s):  
Diederik Boertien ◽  
Antonio López-Gay
Keyword(s):  
Real Estate ◽  
Urban Areas ◽  
Housing Prices ◽  
Wealth Inequality ◽  
Real Estate Market ◽  
Economic Resource ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Property Owners

Real estate has traditionally been an important economic resource for Spanish households. The development of the real estate market in Spain during the 21st century brings forth two very different stories. The first story is one of obstacles to access housing. It has become increasingly hard to buy or rent a home. Housing prices have risen considerably in urban areas while people’s income changed very little. The second story is one of accumulation of properties. Housing has been, and continues to be, a form of saving, investment and speculation for small and large property-owners. Falling housing prices permitted resourceful households to accumulate more properties during the financial crisis. These two stories lead to the following question: How did changes in the ownership of properties impact inequality in Spain? In this Perspectives Demogràfiques, we analyse how developments in the real estate market are connected to wealth inequality in Spain. The results point at a polarization of access to property; both the number of households without property and the number of households with multiple properties increased over time. Because real estate is the most important form of household’s wealth, the accumulation of properties has become a non-negligible part of wealth inequality between households in Spain.

scholarly journals Is the Real Estate Market of New Housing Stock Influenced by Urban Vibrancy?

Complexity ◽  
2020 ◽  
Vol 2020 ◽  
pp. 1-22
Author(s):  
Alice Barreca ◽  
Rocco Curto ◽  
Diana Rolando
Keyword(s):  
Real Estate ◽  
Urban Areas ◽  
Housing Stock ◽  
Housing Prices ◽  
Real Estate Market ◽  
Sustainable Urban Development ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Spatial Autoregressive

The attractiveness and vibrancy of an urban area are very complex aspects that both Public Administrations and real estate developers and construction companies have to carefully consider in order to correctly address their investments and sustainable urban development projects. The aim of this paper is to study urban vibrancy and its relationship with the neighbourhood services and the real estate market of new housing stock. Spatial analyses are performed to study the influence of the Neighbourhood Services Index (NeSI) and its Principal Components (PCs) on listing prices and the construction activity. Spatial autoregressive (SAR) models are applied both with lattice data and data points, in order to manage spatial dependence and to identify the variables that significantly influence housing prices and construction site density. Findings highlight that the NeSI significantly influences the real estate market of new housing stock and that above the analysed neighbourhood services and the retail activities have a great, significant, and positive influence on the density of housing construction sites. The results of this study represent a real support for both public and private bodies to identify the most and least attractive and vibrant urban areas and to deal with important aspects of urban complexity.

scholarly journals EUROPEAN EXPERIENCE OF SOCIAL HOUSING FUNDING AS A TOOL FOR UKRAINIAN CITIES SUSTAINABLE DEVELOPMENT

2021 ◽  
Vol 2021 (1) ◽  
Author(s):  
K. Illyashenko ◽  
T. Illyashenko ◽  
O. Tovstukha
Keyword(s):  
Real Estate ◽  
Housing Policy ◽  
Social Housing ◽  
Local Governments ◽  
Social Protection ◽  
Real Estate Market ◽  
Public Authorities ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market

The issue of ensuring adequate living conditions is particularly relevant for the 1 billion people worldwide living in densely populated urban areas, in informal settlements and slums. This problem does not lose its relevance for the cities of Ukraine, which have 1.3 million families in need of better living conditions. This, without exaggeration, threatening situation emphasizes the relevance of this study and requires immediate action by public authorities and local governments to develop and immediately implement effective tools for social protection of urban residents, which due to difficult life circumstances need to improve their housing standards. The search for ways out of the crisis in the field of government housing policy begins with an analysis of the preconditions and reasons for the failure of most national government programs and projects in this area. It is the results of such an analysis that allowed the authors of the study to determine the directions of further scientific research. Today there is a real need for systematization and analysis of modern international experience in this area in order to clarify possible problems and prospects for its implementation in Ukraine. It would be extremely useful for public authorities that take care of social protection of the population and for local governments to study the best practices of European countries in this area. The model according to which the needy would receive social housing not in property, but rented on preferential terms is considered to be unequivocally promising for us. This would, firstly, allow the social service operator to successfully maneuver in the real estate market and take advantage of the favorable situation in the real estate market, selling social housing at the peak of the cycle and investing in it in decline, and, secondly, would create powerful incentives for self-overcoming life difficulties by recipients of such services. The authors proposed a scheme of organization and interaction of effective market mechanisms and instruments, in particular Asset management companies’ operations with derivatives during the implementation of state housing policy can radically solve the problems that have accumulated over the years.

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