scholarly journals COVID-19 pandemic and the Philippine real estate property cycle: indications of bubble and burst in the “new normal”?

2021 ◽  
Vol 58 (1&2) ◽  
pp. 264-292
Author(s):  
Luisito Abueg ◽  
Christian Marvin Zamora ◽  
Leonard Nevin Correa
Keyword(s):  
Real Estate ◽  
The Philippines ◽  
Real Estate Development ◽  
New Normal ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Sector ◽  
Macroeconomic Indicators ◽  
Estate Property ◽  
Real Estate Economics

The Philippines has been one of the countries greatly affected by the COVID-19 pandemic. The country is regarded to be under the world's longest lockdown with an upsurge of cases, and it has also entered into an official recession with record-breaking economic contraction and high unemployment rates, fueling economic uncertainties. These macroeconomic indicators show serious signs of the adversities of the pandemic affecting the real estate development sector. As the real estate sector recalibrates its plans on response, recovery, and resiliency, this paper attempts to provide empirical evidence on the celebrated model in real estate economics proposed by Homer Hoyt and later developed by Glenn R. Mueller: the property cycle. We also provide contextualization on the property cycle empirics under the pandemic, given the sector’s reintroduction of the Real Estate Investment Trust (REIT). We argue that the REIT mainly supports the real estate development industry given the adversities of the pandemic and its accompanying recession, as well as an update to the long-term plans of the industry and its players in compliance with the “new normal”.

scholarly journals Risk Profile of Customary and Statutory Property Rights: Implication for Real Estate Development in Port Harcourt

2018 ◽  
Vol 7 (1) ◽  
pp. 39-56
Author(s):  
Utchay Augustine Okorji ◽  
Modupe Moronke Omirin
Keyword(s):  
Real Estate ◽  
Property Rights ◽  
Risk Profile ◽  
The Other ◽  
Real Estate Development ◽  
Risk And Uncertainty ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Sector ◽  
Port Harcourt

Real estate developments are characterised with risk and uncertainty. The more knowledge of the environment, unique characteristics and experience of a location, the easier it is to manage risk and reduce the possibility of unpleasant situations occurring. This article considers the risk profile of customary and statutory property rights in order to inform developers, investors and stakeholders on issues that need to be understood while dealing with such property rights in Port Harcourt. Litigations arising from intra-family and intra-communal disputes over boundaries are the main challenges to the security of customary property rights. On the other hand, the fallout of weak governance and conflicts between customary and statutory property rights constitute the major challenges to the security of statutory property rights. This article concludes by highlighting steps that could be taken to make Port Harcourt more investor friendly to the betterment of the real estate sector and the general economy.

Information security in the South Australian real estate industry

2014 ◽  
Vol 22 (1) ◽  
pp. 24-41 ◽  
Author(s):  
Deepa Mani ◽  
Kim-Kwang Raymond Choo ◽  
Sameera Mubarak
Keyword(s):  
Risk Management ◽  
Information Security ◽  
Real Estate ◽  
South Australia ◽  
Security Threats ◽  
The South ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Sector

Purpose – Opportunities for malicious cyber activities have expanded with the globalisation and advancements in information and communication technology. Such activities will increasingly affect the security of businesses with online presence and/or connected to the internet. Although the real estate sector is a potential attack vector for and target of malicious cyber activities, it is an understudied industry. This paper aims to contribute to a better understanding of the information security threats, awareness, and risk management standards currently employed by the real estate sector in South Australia. Design/methodology/approach – The current study comprises both quantitative and qualitative methodologies, which include 20 survey questionnaires and 20 face-to-face interviews conducted in South Australia. Findings – There is a lack of understanding about the true magnitude of malicious cyber activities and its impact on the real estate sector, as illustrated in the findings of 40 real estate organisations in South Australia. The findings and the escalating complexities of the online environment underscore the need for regular ongoing training programs for basic online security (including new cybercrime trends) and the promotion of a culture of information security (e.g. when using smart mobile devices to store and access sensitive data) among staff. Such initiatives will enable staff employed in the (South Australian) real estate sector to maintain the current knowledge of the latest cybercrime activities and the best cyber security protection measures available. Originality/value – This is the first academic study focusing on the real estate organisations in South Australia. The findings will contribute to the evidence on the information security threats faced by the sector as well as in develop sector-specific information security risk management guidelines.

International Real Estate Review

2007 ◽  
Vol 10 (1) ◽  
pp. 1-25
Author(s):  
Elizabeth Hemphill ◽  
Keyword(s):  
Structural Equation Modeling ◽  
Real Estate ◽  
Structural Equation ◽  
Equation Modeling ◽  
Process Step ◽  
The Real ◽  
The Real Estate ◽  
Estate Property ◽  
Modeling Data

This paper explores agent sales presentations in the real estate property listing process using structural equation modeling. Data were collected from both vendors and agents to identify important agent attributes in both successful and unsuccessful presentation attempts. The research found that agents consider really hearing the vendor, getting along with the vendor and getting to know the vendor as key elements of a listing attempt, whilst vendors suggest the path to listing is through negotiation, that some level of negotiation must take place. Research should now examine the influence of time in this critical listing process step with reference to both agent and vendor perspectives using metrics other than perceptions of vendor satisfaction.

scholarly journals Research on the Influence of Real Estate Development on Private Investment: A Case Study of China

2018 ◽  
Vol 10 (8) ◽  
pp. 2659 ◽  
Author(s):  
Jiangtao Li ◽  
Jianyue Ji ◽  
Huiwen Guo ◽  
Lei Chen
Keyword(s):  
Real Estate ◽  
Generalized Method Of Moments ◽  
Private Investment ◽  
Medium Size ◽  
Real Estate Development ◽  
Real Economy ◽  
Real Estate Industry ◽  
The Real ◽  
The Real Estate ◽  
Investment In China

Private investment in China, as a developing country, is an important source of financing for Chinese SMEs (Small and Medium-Size Enterprises) and has played a major role in the development of the real economy. However, in 2016, the growth rate of private investment in China dropped from 10.18% to 3.17%, which had a significant impact on the real economy. At the same time, China’s real estate market has developed rapidly, attracting a large number of capital inflows. The relationship between real estate development and private investment in China is worth considering. This study first, theoretically analyzes the influence mechanism of real estate industry on private investment, pointing out that within a modest development range, the development of real estate industry can promote private investment through the industrial linkage, urbanization, and balance sheet effects, but when real estate is overdeveloped, it has an inhibitory effect on private investment through vampire effect, raising costs and reducing demand effect. In other words, real estate has different effects on private investment in different developmental periods. Therefore, there is a non-linear relationship between the two variables. Second, the relevant provincial panel data of 31 provinces in mainland China from 2003 to 2015 were selected. Using the dynamic panel system Generalized Method of Moments (GMM), this study estimated the correlation between real estate development and private investment. The empirical results showed that the development of the real estate industry has a significant impact on the level of private investment; the two showing an “inverted U-shaped” relationship. At present, in some provinces in China, the real estate industry has exceeded the inverted U-shaped threshold. To boost the vitality of private investment in promoting real economic growth, the development of the real estate industry should be restricted, and house prices should be properly regulated.

The Real Estate Development Matrix

2018 ◽  
pp. 12-16 ◽  
Author(s):  
Daniel B. Kohlhepp ◽  
Kimberly J. Kohlhepp
Keyword(s):  
Real Estate ◽  
Real Estate Development ◽  
The Real ◽  
The Real Estate
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