scholarly journals Towards an Even More Spatially Diversified City? New Metropolitan Population Trends in the Post-Economic Crisis Period

Urban Science ◽  
2021 ◽  
Vol 5 (2) ◽  
pp. 41
Author(s):  
Fernando Gil-Alonso ◽  
Cristina López-Villanueva ◽  
Jordi Bayona-i-Carrasco ◽  
Isabel Pujadas
Keyword(s):  
Spatial Distribution ◽  
Population Growth ◽  
Economic Crisis ◽  
Urban Areas ◽  
Positive Impact ◽  
Real Estate Market ◽  
Mobility Patterns ◽  
Crisis Period ◽  
The Real Estate ◽  
Demographic Heterogeneity

After the deep economic crisis that began in 2008, in 2014, Spain started to show signs of recovery, entering the so-called “post-crisis” period. Though it has not yet reached the entire population, economic improvement has had a positive impact on the real estate market, economic activity, and employment. Residential mobility has also increased, but flows have become more unstable and complex. The direction of these flows, the reasons for moving, and the ages and socioeconomic categories of migrants have diversified. These complex “new mobility” patterns are reconfiguring the spatial distribution of the population in Spanish urban areas. On the basis of Continuous Register (Padrón Continuo) microdata, this paper primarily aims to study population changes in the 69 Spanish functional urban areas (FUAs) defined by the National Institute of Statistics (INE)/Eurostat, focusing on their population growth or decline in their centers and peripheries during the crisis (2011–2015) and post-crisis (2015–2019) phases. Then, the paper analyzes the five major Spanish metropolises (Madrid, Barcelona, Valencia, Seville, and Bilbao) in greater depth. The findings confirm the hypothesis that, during the post-crisis period, the population growth of cores and rings and thus the spatial distribution of urban inhabitants have been changing, resulting in the growing demographic heterogeneity of Spanish urban areas that are diversifying both internally and compared to each other.

Tenants' Satisfaction in High Residential Building

2020 ◽  
Vol 17 (1) ◽  
pp. 41
Author(s):  
UMMU SHOLEHAH MOHD NOR
Keyword(s):  
Urban Areas ◽  
Residential Buildings ◽  
Low Cost ◽  
Residential Building ◽  
Real Estate Market ◽  
The Real Estate ◽  
Level Of Satisfaction ◽  
Considerable Impact ◽  
Residential Living ◽  
Medium Cost

High residential living in Malaysia has not been widely given a significant emphasises in literature despite its increasing scale and significance in the real estate market. The significance of high rise is mainly due the increasing rate of migration from rural to urban. It is estimated a total of 77.2 percent of the Malaysian population lived in urban areas in 2020. Approximately, 30 percent of this urban population lives in strata housing. These percentages are predicted to continue to increase in the future. The emergence of high residential building has been argued as confronting various problems which has considerable impact on this life style. Satisfaction is an important outcome of living in one’s dwelling, although it is not the only consideration. High residential building in Malaysia encountered numerous problems in term of management aspects, legislation aspects, and residents’ satisfaction. The purpose of this paper is to investigate the tenants’ satisfaction living in high residential buildings in Klang Valley. The questionnaires survey is conducted amongst 276 tenants at low cost and medium cost HRB using random sampling in HRB located at areas under jurisdiction Dewan Bandaraya Kuala Lumpur (DBKL), Majlis Bandaraya Subang Jaya (MBSJ), Majlis Bandaraya Shah Alam (MBSA), Majlis Bandaraya Subang Jaya (MBSJ), Majlis Perbandaran Selayang (MPS) and Majlis Perbandaran Ampang Jaya (MPAJ). The result from this study shows that tenant in medium cost residential building are more satisfied in term of facilities and management as compared to tenants in low cost residential building. Tenants also not disclosed to the existing act and procedure related to high residential building. In conclusion, this study suggested the Local Authority to emphasise the role of tenant. These recommendation hopefully will increase the level of satisfaction amongst the residents in HRB.

scholarly journals Housing Resources and Needs in Light of Modern Urban Transformations: the Case of Poznan

2017 ◽  
Vol 25 (2) ◽  
pp. 72-78
Author(s):  
Sławomir Palicki
Keyword(s):  
Urban Sprawl ◽  
Urban Areas ◽  
Local Governments ◽  
Real Estate Market ◽  
Capital City ◽  
Central Cities ◽  
The Real Estate ◽  
Suburban Areas ◽  
Starting Point ◽  
Urban Transformations

Abstract Polish cities have been at the stage of a dynamic suburban development for over a decade (which has led to the phenomenon of urban sprawl beyond any control). The population of big urban areas, together with their agglomerations is continuously increasing; however, migration tendencies towards suburban areas are strong as well. In such a situation, the question arises regarding the possibilities and the methods of suppressing the outflow of people to the neighboring communities, and once again, making the city an attractive place to live. The attempt to explain such an issue requires research into both the housing infrastructure and its inhabitants. Poznan has been severely affected by suburbanization. The diagnosis and assessment of Poznan housing resources and the preferences of its inhabitants are the starting point for taking further steps in making the housing conditions more attractive. The article shows the initial results of widespread research regarding housing in the capital city of the Wielkopolska Province (comprising over 2,500 households). A similar study for the entire agglomeration (Poznan County) is due to be completed soon. It will allow for a comparative analysis and formulating recommendations regarding the conditions and the direction of changes on the real estate market which would increase the attractiveness of central cities suffering from suburbanization. In a wider context, the publication might be seen as an analysis of one of the elements of modern urban changes, such as either market driven, or free and spontaneous processes of urban sprawl, and conscious actions taken by local governments (together with developers) regarding the integrated urban revitalization policy.

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 A GRID-Based Spatial Interpolation Method as a Tool Supporting Real Estate Market Analyses

2020 ◽  
Vol 9 (1) ◽  
pp. 39 ◽  
Author(s):  
Agnieszka Szczepańska ◽  
Dariusz Gościewski ◽  
Małgorzata Gerus-Gościewska
Keyword(s):  
Spatial Distribution ◽  
Real Estate ◽  
Spatial Data ◽  
Interpolation Method ◽  
Real Estate Market ◽  
Grid Structure ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Spatial Interpolation Method

The spatial distribution of prices is closely linked with the urban real estate market. Property prices are one of the key indicators of economic activity because they influence economic decisions. Decision-makers and consumers often need information about the spatial distribution of prices, but spatial-temporal analyses of the real estate market are based on the prices quoted in different locations across years (epochs). Due to this idiosyncrasy, the resulting datasets are dispersed (different across years) and difficult to compare. For this reason, the existing interpolation methods are not always effective in analyses of the real estate market. A different approach to interpolating real estate prices that supports the generation of continuous interpolated surfaces while maintaining the values of measurement points is thus needed. This paper proposes a method for replacing dispersed spatial data with a regular GRID structure. The GRID structure covers the measured object with a regular network of nodes, which supports uniform interpolation at every point of the analyzed space and a comparison of interpolation models in successive epochs (years). The proposed method was tested on a selected object. The results indicate that the GRID structure can be used in analyses of highly complex real estate markets where input data are incomplete, irregular and dispersed.

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 Calculation and Spatial Distribution of Capitalization Rates in the Selected Segment of Reality Properties

2016 ◽  
Vol 4 (2) ◽  
pp. 37-50
Author(s):  
Eva Ardielli ◽  
Jiří Ardielli ◽  
David Slavata
Keyword(s):  
Spatial Distribution ◽  
Real Estate ◽  
Real Estate Market ◽  
Real Property ◽  
The Real ◽  
The Real Estate ◽  
Property Valuation ◽  
The Real Estate Market ◽  
Capitalization Rate ◽  
Apartment Ownership

Abstract The process of real property valuation by usage of income approaches is significantly affected by capitalization rate. This article deals with problematic of the capitalization rate determination in the real estate segment of apartments in the Ostrava city. It primarily aims to calculate the level of gross capitalization rate according to different urban localities of Ostrava, for various sizes of apartments, as well depending on the type of apartment ownership. The analysis of the real estate market is an important part of the research. It is focused on the offer of apartments from the perspective of market apartments for sale and also of market apartments for rent. The analyzed and calculated spatial values distributions are consequently processed into cartographic outputs.

scholarly journals The Area Vasta of Cagliari: An Insight into the Real Estate Market within a Wider Integrated Approach on the Urban Areas Competitiveness Level

2014 ◽  
Vol 11 ◽  
pp. 549-554
Author(s):  
Francesca Bodano ◽  
Luisa Ingaramo ◽  
Stefania Sabatino
Keyword(s):  
Real Estate ◽  
Urban Areas ◽  
Housing Price ◽  
Integrated Approach ◽  
Real Estate Market ◽  
Added Value ◽  
Analysis Model ◽  
The Real ◽  
The Real Estate ◽  
Insight Into

The paper offers a territorial analysis extracted from the 2013 edition of the Rapporto Annuale di Competitività delle Aree Urbane Italiane (RCAU). The Report (IV edition at present) is produced thanks to the commitment of a multi-curricular partnership, supported by the European Bank of Investment, to enhance the strategic knowledge of investors, potentially interested in the European JESSICA initiative. The insight into the Area Vasta of Cagliari is relevant as it shows the opportunities offered by the competitiveness RCAU standardised analysis model, based on 110 provinces (NUTS territorial units), to develop further in depth studies on thematic clusters or specific areas. The result is the chance of critically comparing fact-finding information at different geographic scales. The analysis herewith presented let to highlight some typical cause-effect relations in the Cagliari Area Vasta from the urban towards the rural territory (i.e.: the real estate values distribution depending on the location of material and immaterial infrastructures, even considering the so called human capital balance). In this respect its remarkable to recall that the housing price tends to capture both intrinsic and extrinsic components, being a good index of territorial competitiveness. One of the added value of the study is its replicability, thanks to the RCAU dataset (80 indicators covering demographic, economic and territorial data), useful to support decision makers in a direct, not strictly technical communication. Among the main RCAU promoters its remarkable the growing role played by Banking Foundations, more and more interested to take advantage of revolving funds investments for the creation of sustainable and resilient strategies.

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 Calculation and spatial distribution of capitalization rates in the selected segment of reality properties

2016 ◽  
Vol 4 (2) ◽  
Author(s):  
Eva Ardielli ◽  
Jiří Ardielli ◽  
David Slavata
Keyword(s):  
Spatial Distribution ◽  
Real Estate ◽  
Real Estate Market ◽  
Real Property ◽  
The Real ◽  
The Real Estate ◽  
Property Valuation ◽  
The Real Estate Market ◽  
Capitalization Rate ◽  
Apartment Ownership

The process of real property valuation by usage of income approaches is significantly affected by capitalization rate. This article deals with problematic of the capitalization rate determination in the real estate segment of apartments in the Ostrava city. It primarily aims to calculate the level of gross capitalization rate according to different urban localities of Ostrava, for various sizes of apartments, as well depending on the type of apartment ownership. The analysis of the real estate market is an important part of the research. It is focused on the offer of apartments from the perspective of market apartments for sale and also of market apartments for rent. The analyzed and calculated spatial values distributions are consequently processed into cartographic outputs.

Sign in / Sign up

Export Citation Format

Share Document