CONSTRUCTION OF MARKET PRICING MODEL

Introduction. In the process of determining the value of real estate, the analysis of the real estate market is often purely formal. We have to admit the absence of a fully-fledged section on the analysis of the real estate market in the national standards, as well as the lack of awareness of many appraisers with the conceptual foundations of this methodology. Such situation caused the fact that the section of evaluation report on the market analysis is not organized as part of the research algorithm; consequently, it is not connected with other sections and the report in general. The cost is calculated by one or several standard approaches: cost, revenue, comparative. As a result of coordinating the evaluation results obtained by different methodological approaches, only one digital value is obtained. On its basis, it is necessary to draw conclusions about the value of the object of valuation in the market, its investment attractiveness, and the efficiency of its management system. Purpose. The article aims to develop theoretical and methodological provisions and practical recommendations for constructing a model of market pricing. Results. The differences between individual and mass valuation of real estate have been determined. The essence of the methodology of constructing a model of market pricing has been revealed. A complex algorithm for constructing a model of market pricing has been developed.

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About new aspects of the development of the market of mini apartments in Ukraine

E3S Web of Conferences ◽

10.1051/e3sconf/202016609002 ◽

2020 ◽

Vol 166 ◽

pp. 09002 ◽

Cited By ~ 1

Author(s):

Sergiy Kobzan ◽

Sergiy Nesterenko

Keyword(s):

Real Estate ◽

Urban Development ◽

Cost Benefit Analysis ◽

Cost Benefit ◽

World Market ◽

Real Estate Market ◽

The Real ◽

The Real Estate ◽

The Real Estate Market ◽

The Cost

The article discusses the issues of a new segment of the real estate market in urban development projects. The analysis of the world market of mini apartments is made. The questions of residence of various social groups in mini apartments are raised. The classification of mini apartments has been developed. The factors significantly affecting the cost of a mini apartment are investigated. The calculation of the analysis of benefits and costs for a mini apartment. Conclusions are drawn about the mini-apartment market in urban development. The research of mini-apartments’ market reflects changes in the development of the whole urban infrastructure. The market of mini-apartments influences on the real estate region’s market. The distinctive characteristics of mini-apartments in different regions are based on their classification. The mini-apartments’ market in different regions is analyzed. The authors constructed GIS-map. GIS analysis shows the dependence of the cost of mini apartments from the region of Ukraine. Calculation of the profitability of mini apartments was carried out using the method of market extraction (market sampling). Using the method of market extraction (market sampling), the income from mini apartments was calculated. Cost benefit analysis shows the aspects of the mini apartments’ market for the urban development.

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RESEARCH OF FEATURES OF RENT MARKET DEVELOPMENT

Municipal economy of cities ◽

10.33042/2522-1809-2021-1-161-116-123 ◽

2021 ◽

Vol 1 (161) ◽

pp. 116-123

Author(s):

S. Kobzan ◽

A. Ivakhnenko ◽

M. Tolsta

Keyword(s):

Real Estate ◽

Housing Market ◽

Real Estate Market ◽

Residential Real Estate ◽

The Real ◽

The Real Estate ◽

Rental Market ◽

The Real Estate Market ◽

The Cost ◽

The City

The purpose of the article is to conduct a study of the rental market as a separate segment of the real estate market in urban development. A study of the rental market in Kharkiv was conducted. The relevance of the study is to determine the prospects for the development of modern urban economy, taking into account the development of the rental market. The question of the dependence of the rent on the cost of housing and the profitability of certain segments of the housing market is determined. An improved classification of different segments of housing in the modern city is given. An analysis of the cost of rent for each segment and depending on the location. Factors that significantly affect the cost of rent have been studied. Conclusions are made about the future development of the rental market in the municipal economy. In urban planning and urban planning it is extremely important to take into account the prospects and development of such a market segment as the rental market of residential real estate. The relevance of the study is to determine the prospects for the development of modern urban economy, taking into account the development of the rental market. The residential real estate rental market is a very important component for the development of the city in Kharkiv. The issue of researching the apartment rental market is relevant and will be deeply analyzed in the future. To achieve this goal, the following tasks are set in the work: Analyze the rental market. Develop an improved classification of segmentation in the residential real estate market. Conduct research on the factors that affect the cost of rent. Develop a GIS model of the impact of rental costs depending on the area of the city. Build a detailed table of the dependence of the cost of rent on the location. Investigate the interaction in the real estate rental market and sales within urban development. The rental price is influenced by the following factors: - trends of growth or decline of the general state of the real estate market as a whole; - seasonality; - the distance of the district from the city center; - the presence of a transport interchange; - ecology, in the area where the object is located; - developed infrastructure; - level of housing comfort; - the duration of the lease; - number of rooms; - the presence of repairs; - type and condition of the building in which the dwelling is located. The article examines the rental housing market. Defined rental rates: minimum, average and maximum cost. Charts of dependence of cost of rent on a segment and a location are constructed. The housing market is developing despite the unstable economic situation, the devaluation of the hryvnia and declining incomes. The cost of renting an apartment depends on the location, condition of the house, transport infrastructure and the condition of the real estate. The hotel rental market is developing very actively. In Kharkov, in most cases, buy small apartments and hotels for investment (income from further rent). With the help of GOOGLE MAP, a map of the dependence of the average cost of renting hotels and 1-bedroom, 2-bedroom, 3-bedroom apartments on the location in the areas of Kharkiv was developed.

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RESEARCH OF THE MARKET OF MINI APARTMENT

Municipal economy of cities ◽

10.33042/2522-1809-2020-4-157-79-85 ◽

2020 ◽

Vol 4 (157) ◽

pp. 79-85

Author(s):

S. Kobzan

Keyword(s):

Real Estate ◽

Urban Development ◽

Social Groups ◽

Real Estate Market ◽

The Real ◽

The Real Estate ◽

Large Cities ◽

The Real Estate Market ◽

The Cost

The purpose of the article is to investigate the development of a new segment of the real estate market in urban development projects. The definition of a mini apartment - the gostinka. The analysis of the world market of mini-apartments is carried out. There are questions of living of different social groups in society in mini-apartments. A classification of mini-apartments has been developed. Factors significantly affect the cost of a mini-apartment. Conclusions are made about the future market of mini-apartments in the city economy The development of the market of mini-apartments can be considered as a new social phenomenon. Many social groups have access to the purchase of a mini-apartment. The residential real estate market is in a difficult stage now. The economic crisis has had a strong impact on stakeholders. The market of mini-apartments in Ukraine is a new and currently unexplored social phenomenon. The market of mini-apartments is of great importance for urban development and has high uncertainty in further development. Therefore, the development of the market of mini-apartments poses many problems for urban development in the future Today in Ukraine in the real estate market of Kharkiv increased activity in such a segment of real estate as mini-apartments. The results of the research show that the cost range of 1 sq.m. for such objects is very large and ranges from 300 to 1000 US dollars. Which is 2 times lower than the average market prices for typical apartments. Let's analyze the primary and secondary markets of mini-apartments. The houses in which the mini-apartments are located can be characterized. Mini-apartments in reconstructed houses are of great interest to stakeholders. Here they are much lower than their cost. Mini-apartments are now actively bought by the following social groups and categories of people. Mini-apartments in reconstructed houses are of great interest to stakeholders. Here they are much lower than their cost. The classification of mini-apartments was carried out according to the parameters that significantly affect the prices in the studied segment. They can increase or decrease the market value of such real estate. The price is significantly affected by such a parameter as the ratio of total and living space. The author proposes factors that affect the cost of mini-apartments. Thus, in Ukraine, the market of mini-apartments (hotels) arose and developed due to the unstable economic situation, the devaluation of the hryvnia and declining incomes. Today, renting apartments is expensive, so mini-apartments are the best option for affordable housing. Many people buy mini-apartments as temporary housing. This segment of real estate has a fairly high profitability for investors. The cost of 1 sq m of mini apartments depends on the investment attractiveness of the regional center. Market research and excellent characteristics of mini-apartments. In large cities of Ukraine, especially in Kyiv and Kharkiv, the number of mini-apartments under construction is growing. The analysis of the market showed that such apartments are in demand among stakeholders today. Factors increasing demand for mini-apartments. Conclusions. 1. The researched market of small-sized housing can be considered as a new social phenomenon in large cities of Ukraine. The question of a new segment of the real estate market in urban development projects is highly relevant 2. In Ukraine, the market of mini-apartments (hotels) has emerged and is developing due to the unstable economic situation, the devaluation of the hryvnia and declining incomes. The cost of 1 square meter of mini-apartments depends on the investment attractiveness of the regional center. 3. The whole market of mini-apartments (hotels) in large cities of Ukraine is actively developing. In Kharkov, in most cases, buy small apartments for further rent. Keywords: real estate market, mini apartment, gostinka, studio, classification of mini apartments, social groups in society, factors influencing the value, municipal economy.

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