scholarly journals Property Value and Sustainability. The Future of Living: Focus on Short-Term Rents in Italy

2020 ◽  
Vol 12 (7) ◽  
pp. 2721
Author(s):  
Andrea Bassi ◽  
Monica Moscatelli
Keyword(s):  
Real Estate ◽  
Good Alternative ◽  
Real Estate Market ◽  
Living Environment ◽  
Property Value ◽  
Short Term ◽  
The People ◽  
Increasing Demand ◽  
Sustainability Standards

Society is evolving faster and faster and there are many changes in our everyday living environment, especially concerning buildings. Buildings have significant effects on the ecosystem, economy, health, and productivity of the people occupying them; moreover, their environmental impact is not limited to the energy consumption for heating, cooling, moving, and lighting, but it affects many other factors, including above all the relationship with the territory. Considering these premises, this research focused on suggesting sustainable guidelines in Italy by trying to identify what has changed in the methods of residential construction, especially in order to meet new environmental and people’s requests. The research purpose is to focus on the concept of property value, trying to identify some guidelines that increase the value of housing according to the mutated market requests observed by a representative sample of real estate agents. As a result, a new property concept aimed at high quality and sustainability standards, co-housing, and dynamic scenarios pushed up by the increasing demand from new generations, such as single, high-educated young workers and university students, lead us to explore the solution of short-term rents in the Italian territory. This solution appears in a real estate market heavily affected by the economic crisis, and is a good alternative for owners or landlords, which is able to guarantee a positive return on investment and to assure a major capability to keep value in the long term.

scholarly journals Motivation, Dilemma and Countermeasures of Foreign Bond Financing of Real Estate Enterprises?Based on Perspective of Financial Internationalization

2020 ◽  
Vol 3 (5) ◽  
Author(s):  
Yasai Liu
Keyword(s):  
Sustainable Development ◽  
Real Estate ◽  
Real Estate Market ◽  
Financing System ◽  
Real Estate Enterprises ◽  
Financing Channels ◽  
Financing Costs ◽  
Financial Internationalization ◽  
The Cost

Several real estate enterprises in China (hereinafter referred to as housing enterprises) rely on overseas financing to meet their financing needs, but it is fraught with challenges such as high financing costs. Premised on the internationalization of finance, combined with the background of "staying and not speculating" and establishing a long-term mechanism for real estate market, based on the investigation of the financing motives of real estate enterprises, combined with a large amount of data, the present study examines the current situation and predicament of overseas financing of housing enterprises. It proposes four feasible countermeasures to promote sustainable development of real estate enterprises overseas financing including building a special financing system to reduce the cost, expanding various financing channels, strengthening the supervision of overseas bond financing, and reducing the loss devaluation of RMB internally and externally.

“The Death of Liberal Internationalism?: Donald Trump, Walmart, and the Two Koreas”

2018 ◽  
Vol 25 (2) ◽  
pp. 169-197
Author(s):  
Mitchell B. Lerner
Keyword(s):  
United States ◽  
The United States ◽  
Business Practices ◽  
Short Term ◽  
New Approach ◽  
Liberal Internationalism ◽  
The People ◽  
Modern Business ◽  
Short Time

The election of Donald J. Trump unsettled many areas of U.S. foreign policy, but few more than the nation’s relationship with Korea. This article argues that the Trump administration’s vision for the world represents a stark break from the tradition of liberal internationalism and instead seeks to take the United States down a path that reflects the modern business practices of giant American corporations. A suitable label for this vision, as the following pages will show, is “Walmart unilateralism.” This framework abandons the traditional American policies of nation building and alliances based on shared ideological values. Instead, it embraces a more short-term approach rooted in financial bottom lines, flexible alliances and rivalries, and the ruthless exploitation of power hierarchies. This new approach, this article concludes, may dramatically transform the American relationship with Korea. Walmart unilateralism in Korea almost certainly will have some short-time positive ramifications for the United States, but its larger failure to consider the history and values of the people living on the Korean Peninsula may generate serious long-term problems for the future experience of the United States in the region.

Determinants of rental strategy: short-term vs long-term rental strategy

2020 ◽  
Vol 13 (12) ◽  
pp. 3873-3894
Author(s):  
Sina Shokoohyar ◽  
Ahmad Sobhani ◽  
Anae Sobhani
Keyword(s):  
Nearest Neighbor ◽  
Performance Metrics ◽  
Sharing Economy ◽  
Real Estate Market ◽  
Support Vector ◽  
Attractive Alternative ◽  
K Nearest Neighbor ◽  
Short Term ◽  
Content Type

Purpose Short-term rental option enabled via accommodation sharing platforms is an attractive alternative to conventional long-term rental. The purpose of this study is to compare rental strategies (short-term vs long-term) and explore the main determinants for strategy selection. Design/methodology/approach Using logistic regression, this study predicts the rental strategy with the highest rate of return for a given property in the City of Philadelphia. The modeling result is then compared with the applied machine learning methods, including random forest, k-nearest neighbor, support vector machine, naïve Bayes and neural networks. The best model is finally selected based on different performance metrics that determine the prediction strength of underlying models. Findings By analyzing 2,163 properties, the results show that properties with more bedrooms, closer to the historic attractions, in neighborhoods with lower minority rates and higher nightlife vibe are more likely to have a higher return if they are rented out through short-term rental contract. Additionally, the property location is found out to have a significant impact on the selection of the rental strategy, which emphasizes the widely known term of “location, location, location” in the real estate market. Originality/value The findings of this study contribute to the literature by determining the neighborhood and property characteristics that make a property more suitable for the short-term rental vs the long-term one. This contribution is extremely important as it facilitates differentiating the short-term rentals from the long-term rentals and would help better understanding the supply-side in the sharing economy-based accommodation market.

Challenged from the Outside

2021 ◽  
pp. 216-234
Author(s):  
Daniel R. Garodnick
Keyword(s):  
Real Estate ◽  
Short Term

This chapter discusses how residents of Stuyvesant Town received a colorful missive from Gerald Guterman, a real-estate speculator, which attacked and directly undermined the Tenants Association and Brookfield, the new partner of the complex buildings. It explores Guterman's plan of converting the Stuy Town property to a co-op and selling units to tenants at $130,000 per unit. It also points out how Guterman's plan sparked an anxious debate about who would become the owner of units that were not sold to the tenants who lived in them. The chapter mentions Guterman's intention to sell occupied rent-stabilized units to individual outside investors, a scenario most longtime rent-stabilized renters objected to. It also elaborates Daniel Garodnick's concerns on Guterman's model of short-term ownership that lacked any long-term affordability protections.

scholarly journals THE CHANGING NATURE OF TRANSACTIONS ACTIVITY AND LIQUIDITY IN UK COMMERCIAL PROPERTY

2016 ◽  
Vol 20 (4) ◽  
pp. 384-396 ◽  
Author(s):  
Colin JONES ◽  
Nicola LIVINGSTONE ◽  
Neil DUNSE
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
Active Management ◽  
Urban Change ◽  
Commercial Property ◽  
Causality Tests ◽  
One Year ◽  
The Uk

This paper examines changing transactions activity and liquidity over thirty years in the UK. It reviews the multi-dimensional concept of liquidity analysis and demonstrates that it is not just a function of the time necessary to sell an asset, a typical real estate perspective. Instead liquidity is defined in terms of transactions activity. The paper then hypothesises that urban change and an increased information base has contributed to a more active management of real estate portfolios and increased liquidity. Superimposed on this long term trend it is also hypothesised that property cycles create rise and falls in liquidity. The empirical core quantifies the changing nature of liquidity and transactions activity over thirty years from 1981 based on the IPD database. It confirms the hypothesised substantial rise in liquidity but increasing variability in the level of transactions activity from one year to the next queries the cyclical liquidity hypothesis. This is supported by causality tests. Over the last two decades a short term opportunity driven real estate investment culture appears to have emerged stimulated by the increased churn of properties, partly the consequence of the pace of urban change. It has brought greater volatility to the commercial real estate market.

scholarly journals Investigation of the Linkage among China’s Macroeconomy, Stock Market and Real Estate Market

2013 ◽  
Vol 2 (2) ◽  
pp. 1-7
Author(s):  
Guo Jianhua ◽  
Long Huidian
Keyword(s):  
Real Estate ◽  
Stock Market ◽  
Real Estate Market ◽  
The Real ◽  
The Real Estate ◽  
Equilibrium Relationship ◽  
The Real Estate Market ◽  
Securities Business

As two important constituents of China’s macro economy, there are a variety of relationships among China’s stock market, real estate market and its macro economy. In order to investigate these relationships, in this paper, especially with the Macroeconomic Boom Index reflecting China’s macro economy, we use cointegration theory and Granger analysis to demonstrate that there are long-term equilibrium relationship and bidirectional causality between the macro economy and the securities business, also between the macro economy and the real estate market, however, this kind of long-term Equilibrium relationship and bidirectional causality appears very weak.

scholarly journals Overview of Salvia divinorum –Substance-induced psychosis

2020 ◽  
Vol 11 (SPL4) ◽  
pp. 1714-1718
Author(s):  
Radhika Tyagi ◽  
Sangrila Singh ◽  
Anjali Joshi ◽  
Vishali Chopra ◽  
Priyank Vyas ◽  
...  
Keyword(s):  
Secondary Metabolites ◽  
Synthetic Cannabinoids ◽  
Mental Health Disorders ◽  
Salvia Divinorum ◽  
Short Term ◽  
The People ◽  
The Central Nervous System ◽  
Health Disorders ◽  
With Memory

As per the literature, humans ingest a comprehensive range of food materials including drugs along with dietary supplements which are mainly derived through medicinal plant products and modifying the purpose of the central nervous system (CNS). These psychoactive based properties are mainly attributable to the existence of plant-derived secondary metabolites. Most of the cases or studies showed the effects of these phytochemicals derived from secondary metabolites on the human CNS might be linked either to their ecological roles or molecular along with biochemical based properties are reported in case of plants along with higher animals. One of the mental health disorders, psychosis where person losses its capacity of critical thinking, they perceive things differently as compared to the people around. They see or hear things that other people cannot see or hear (hallucination) or even believe things that are not true (delusion). There are so many synthetic psychosis inducer synthetic cannabinoids (SCs) as well as semi-synthetic and natural. Psychosis is a disorder which shows the effect for long-term or sometimes for the short term on an individual. In this review we will mainly look for natural psychosis inducers like Salvia divinorum and this plant may produce some secondary metabolites. Still, many of these are found to show an effect on human health in some or the other way which may range from hallucination to organ failure. These secondary metabolites affect the hippocampus region of the human brain, which is linked with memory. It is interesting to note how one chemical is used for an organism for protection and that one chemical act as a mind-altering chemical for the higher class of organism – the humans.

Feedback trading strategies in international real estate markets

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Chrysanthi Balomenou ◽  
Vassilios Babalos ◽  
Dimitrios Vortelinos ◽  
Athanasios Koulakiotis
Keyword(s):  
Hong Kong ◽  
Real Estate ◽  
Short Term ◽  
Content Type ◽  
Real Estate Markets ◽  
The Real Estate ◽  
The Uk ◽  
The Impact ◽  
Feedback Trading

Purpose Motivated by recent evidence that securitized real estate returns exhibit higher levels of predictability than stock market returns and that feedback trading (FT) can induce returns autocorrelation and market volatility, the purpose of this study is to examine the impact of FT strategies on long-term market volatility of eight international real estate markets (UK, Germany, France, Italy, Sweden, Australia, Japan and Hong Kong). Design/methodology/approach Assuming that the return autocorrelation may vary over time and the impact of positive feedback trading (PFT) or negative feedback trading (NFT) could be a function of return volatility, the authors use a combination of a FT model and a fractionally integrated Generalized AutoRegressive Conditional Heteroskedasticity (GARCH) model. Findings The results are mixed, revealing that both PFT and NFT strategies persist. Specifically, the authors detect PFT in the real estate markets of France, Hong Kong and Italy as opposed to the real estate markets of Australia, Germany, Japan and Sweden where NFT was present. A noteworthy exception is the UK real estate market, with important and rational FT strategies to sustain. With respect to the long-term volatility persistence, this seems to capture the mean reversion of real estate returns in the UK and Hong Kong markets. In general, the results are not consistent with those reported in previous studies because NFT dominates PFT in the majority of real estate markets under consideration. Originality/value The main contribution of this study is the investigation of the link between short-term PFT or NFT and long-term volatility in eight international real estate markets, symmetrically. Particular attention has been given to the link between short-term FT and long-term volatility, by means of a fractionally integrated GARCH approach, a symmetric one. Moreover, investigating the relationship between returns’ volatility and investors’ strategies based on FT entails significant implications because real estate assets offer a good alternative investment for many investors and speculators.

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