scholarly journals QUALITATIVE ANALYSIS OF VIEW CHARACTERISTICS OF RESIDENTIAL PROPERTY

2019 ◽  
Vol 4 (3) ◽  
pp. 44-51
Author(s):  
Марина Оберемок ◽  
Marina Oberemok ◽  
Андрей Наумов ◽  
Andrey Naumov ◽  
Марина Щенятская ◽  
...  
Keyword(s):  
Real Estate ◽  
Qualitative Analysis ◽  
Functional Dependence ◽  
Market Price ◽  
Real Estate Development ◽  
Residential Property ◽  
Residential Real Estate ◽  
High Demand ◽  
The Cost

Some kinds of residential real estate are characterized by a special view from the windows. Apartments with unique characteristics are in high demand among the population, therefore the cost of these objects exceeds the average market price. As a rule, developers try to make the best use of the visual prospects of residential real estate. The paper provides a qualimetric analysis of estimation the view characteristics of apartments in Belgorod based on the demand factors. There is the classification of view components of residential real estate on the basis of urban planning, aesthetic, emotional and other functions. Conclusions on the cost of the view are formed taking into account the criteria of its attractiveness. Functional dependence is obtaine. It allows to determine the surcharge to the cost of residential real estate based on differences in the view. The practical aim of determining the specifics of apartments pricing with a view is the ability to manage demand and to improve the efficiency of residential real estate development.

Overview of Tools for Increasing Effective Demand and Characteristics of Residential Property Buyers

2020 ◽  
pp. 3-9
Author(s):  
KHORKINA G.A. ◽  
◽  
BOGDANOVA Yu.N. ◽  
Keyword(s):  
Real Estate ◽  
Economic Situation ◽  
Residential Property ◽  
Housing Sector ◽  
Residential Real Estate ◽  
Economic Activities ◽  
Official Statistics ◽  
Effective Demand ◽  
Real Estate Developers ◽  
New Buildings

This paper is based on a study consisting of two semantic blocks. In the first block, the existing tools for increasing effective demand in the market of new buildings in Moscow are considered. The most popular tools for increasing effective demand are identified. The second block provides an overview of the characteristics of real and potential buyers of residential real estate in Moscow. Identifying the characteristics of real buyers is based on data published by analytical and consulting companies, as well as real estate developers. Identification of the characteristics of potential buyers was carried out on the basis of official statistics and information published by the Recruitment Agency. The analysis of the characteristics of buyers was carried out in the context of economic activities, in the context of specialization and qualifications, and the level of wages. The areas of employment, specialties are identified, and the level of wages of a person who is potentially more accessible to purchase housing is estimated. The number of people who, in accordance with the size of their salary, can buy housing in the property is estimated. As a result of the work, the expediency of analyzing the buyer’s portrait (including potential one) on a regular basis is justified in order to implement more flexible regulation of the housing sector, taking into account the needs of city residents and the socio-economic situation.

Housing Provision under Globalisation: A Case Study of Shanghai

2001 ◽  
Vol 33 (10) ◽  
pp. 1741-1764 ◽  
Author(s):  
Fulong Wu
Keyword(s):  
Real Estate ◽  
Foreign Investment ◽  
Local Governments ◽  
Early Stage ◽  
Market Price ◽  
Housing Development ◽  
Real Estate Development ◽  
Socialist Economy ◽  
Housing Provision ◽  
Housing Investment

Housing provision in China has undergone significant changes since economic reform. In the early stage of reform the objective was to solve the problems that are internal to the socialist economy, namely unrecoverable housing investment and housing shortages. The state adopted policies to ‘commodify’ and ‘decentralise’ housing provision. The mode of provision was transformed from a centrally allocated budget to shared investment contributed by state work-units, local governments, and individual households. Since the 1990s Chinese cities have seen increased foreign investment in real estate development and consequently experienced an unprecedented building boom. Little is know about the impacts of globalisation on housing development. The purpose of this paper is to examine the changes in housing investment and to highlight the dilemma of housing ‘commodification’ in the process of globalisation. Specifically, foreign investment contributed to initial capital formation in real estate development and more importantly helped to create a marketised housing segment. The buoyant market price demonstrated the profitability of real estate, thus attracting more capital into housing development. The combined effect of marketisation and globalisation has led to increasing social spatial differentiation and inadequate housing provision to marginal social groups.

Impacts of property taxation on residential real estate development

2013 ◽  
Vol 22 (1) ◽  
pp. 45-53 ◽  
Author(s):  
Richard W. England ◽  
Min Qiang Zhao ◽  
Ju-Chin Huang
Keyword(s):  
Real Estate ◽  
Real Estate Development ◽  
Residential Real Estate ◽  
Property Taxation

scholarly journals Assessment of the Impact of Public Transport Accessibility on the Value of Urban Residential Real Estate

2021 ◽  
Vol 20 (1) ◽  
pp. 62-83
Author(s):  
E. V. Leontev ◽  
◽  
I. A. Mayburov ◽  
Keyword(s):  
Real Estate ◽  
Public Transport ◽  
Real Estate Market ◽  
Transport Infrastructure ◽  
Lower Sensitivity ◽  
Residential Real Estate ◽  
Metro Station ◽  
Average Value ◽  
The Cost ◽  
The Impact

Currently, analysis of the impact of public transport on real estate and its value is widely demanded in the world. The analysis is used to plan investments in public transport and the efficiency of public transport networks. In Russia, such studies have been carried out mainly in the framework of the evaluation of specific properties, which does not make it possible to macroanalyze the urban public transport environment and compare them with each other. The aim of the work is to study the influence of the proximity of public transport infrastructure on the cost of urban residential real estate, to determine the average value of such an impact for Yekaterinburg. In this study, we intend to confirm the hypothesis about different influence of the proximity of a public transport stop on the cost of housing, taking into account the different set of attributes that characterize it. The calculations were carried out using the analysis of the supply of the real estate market, carried out with the method of multiple regression, simultaneously with the geo-positioning of real estate units on the map to calculate the distance of each object to the nearest public transport stop of a certain type. Based on the results of the calculations, a global tendency towards a higher cost of the properties that are close to tram stops or metro stations in Yekaterinburg is confirmed, and the share of the value of a property generated by the proximity of a public transport stop was calculated. The authors confirmed the hypothesis about varying sensitivity of residential real estate to the proximity of public transport stops. Newer homes have lower sensitivity to proximity to public transport stops than older ones. The obtained empirical evidence of the influence of public transport infrastructure on the value of residential real estate demonstrates the most significant contribution to the value of a real estate object, the proximity to the metro station in Yekaterinburg (3.0 – 12.0%). The tram infrastructure showed a slightly lower impact on the total cost of the facility (3.2 – 8.8%). The revealed interdependencies make it possible to apply the obtained data to forecasting the growth of the taxable base for property tax during the construction of new transport lines.

scholarly journals Model for Assessing Strategies for the Implementation of an Investment and Construction Project for the Construction of an Apartment Building by a Developer in Terms of Project Financing

2021 ◽  
Vol 31 (3) ◽  
pp. 347-355
Author(s):  
Valeriya Pukhova
Keyword(s):  
Real Estate ◽  
Construction Project ◽  
Theory And Practice ◽  
Project Financing ◽  
Residential Real Estate ◽  
Apartment Building ◽  
Efficient Operation ◽  
Land Plot ◽  
Design Solutions ◽  
The Cost

The need for improvement of the current mechanism of project financing for the construction of residential real estate arises from the analysis of the theory and practice of financing of the primary housing market. The use of the systemic approach has allowed the author to develop an improved mechanism of project financing, which comprises the principles of project financing, tools, forms of its regulation and methods of implementation of project financing. For efficient operation of the improved mechanism of project financing for the construction of residential real estate, a number of strategies have been proposed for the implementation of an investment and construction project, differing in design solutions, implementation period, marketing policy, rates of filling escrow accounts. The author proposes a scheme for a developer to choose project designs, which is based on the rules for land use and development and urban development regulations. A model for assessing the strategy for the implementation of an investment and construction project in project financing, taking into account the cost of a land plot, interest on a loan, selected design solutions, as well as the return on capital investments, was developed. In order to make a decision on the implementation of one or another investment and construction project for the construction of an apartment building, developers are invited to assess the options for design solutions and draw a conclusion about the most effective one according to the proposed model. The model can be used to assess the influence of the cost of a land plot in the structure of costs when the developer has a model project. It helps take into consideration project designs, the cost of the land plot according to the location of the designed facility, profitability of the expected capital investment and interest on the loan using escrow accounts.

scholarly journals Application of the Beta Coefficient in the Market of Direct residential Real Estate Investments

2014 ◽  
Vol 22 (2) ◽  
pp. 13-21 ◽  
Author(s):  
Rafał Wolski
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Formal Structure ◽  
Residential Real Estate ◽  
The Real Estate ◽  
Real Estate Investments ◽  
Beta Coefficient ◽  
Capm Model ◽  
The One ◽  
The Cost

Abstract The beta coefficient is one of the most popular indices used in contemporary finances. Despite the fact that there are justified doubts connected with its application, it is currently difficult to imagine a situation in which the cost of capital would be calculated without the use of the CAPM model. Thus, an attempt at answering the question whether and to what degree beta may be used in the real estate market constitutes an interesting problem. This is because on the one hand, the formal structure suggests that beta should not be used for assets which are not included in the benchmark but, on the other hand, such a benchmark should, at least theoretically, contain all market assets. Therefore, a decision was made to have a closer look at this issue, with the analysis of the possibility of using the beta coefficient in the residential real estate market set as the objective. Using the database of prices in the direct real estate investment created by the NBP, a comparison was conducted with regard to features of undertaken investments on the basis of an analysis of systematic risk calculated using selected indices available on the Polish market.

scholarly journals Prospects for the implementation of real estate development in Ukraine based on energy efficiency principles and the problems with raising the finance required

2018 ◽  
pp. 5-15
Author(s):  
Lyudmila Swistun ◽  
Taina Zavora ◽  
Yuliia Khudolii
Keyword(s):  
Energy Efficiency ◽  
Real Estate ◽  
Energy Efficient ◽  
Energy Savings ◽  
Thermal Protection ◽  
Housing Stock ◽  
Real Estate Market ◽  
Point Of View ◽  
Real Estate Development ◽  
Residential Real Estate

The main goal of the study is to analyse the residential real estate market in Ukraine from the point of view of the need and the possibility of increasing its energy efficiency. Also, it aims to justify effective financial and credit mechanisms for ensuring measures to improve the thermal protection properties of residential and non- residential real estate, in particular by introducing energy efficiency development projects. With this research we investigated Ukraine's housing stock and utility tariffs and concluded that a beneficial strategy to be applied in Ukraine is the energy-efficient retrofit of real estate. This is one of the most effective ways to re-profile unclaimed real estate units in the existing state or to reconstruct inefficiently used buildings. Also, we reviewed selected methods of energy efficient residential real estate development and mechanisms of financing energy- efficient renovation of real estate used in the EU. And, in our view, the next step of the Ukraine in the direction of improving the energy efficiency of housing should be the effective operation of a dedicated/specific energy efficiency fund to ensure stable financing of housing modernization projects, which will allow for a comprehensive renovation of buildings and lead to significant annual energy savings in this end-use sector.

scholarly journals The formation of a criteria-based approach in the development of projects of redevelopment of industrial real estate

2018 ◽  
Vol 170 ◽  
pp. 01116 ◽  
Author(s):  
Vadim Kankhva ◽  
Boris Orlov ◽  
Alla Vorobyeva ◽  
Svetlana Belyaeva ◽  
Rima Petrosyan
Keyword(s):  
Real Estate ◽  
Residential Property ◽  
Management Process ◽  
The Core ◽  
Industrial Estate ◽  
Industrial Real Estate

The purpose of this article is the development of management process of redevelopment of industrial real estate, based on the criteria-based approach for accepting the form of development. Developing the proposed approach was feasible due to the study of the efforts of foreign experts and experience of the redevelopment projects in Russia. In addition, the article presents the classification of redevelopment of non-residential property, based on three main criteria’s. The proposed algorithm extends the core taking into account the specifics of the three forms of development of objects of real estate (reconstruction, modernization and redevelopment) and is focused on the development of the industrial estate.

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