scholarly journals Justification of the need to Transform the Information Support of the Commercial Real Estate Market of the Republic of Belarus

2020 ◽  
pp. 29-38
Author(s):  
A. I. Chyhryna
Keyword(s):  
Information System ◽  
Real Estate ◽  
Current System ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
Information Support ◽  
Property Market ◽  
State Register ◽  
Automated Information System ◽  
The Republic

The article reveals the shortcomings of existing systems of information support for the commercial real estate market. We have studied the procedures for selecting information about commercial real estate objects, identified their shortcomings, which allowed us to justify the need to transform the current system of information support for the commercial real estate market of the Republic of Belarus. In order to improve the current information support system, it is proposed to achieve these objectives by combining existing databases of technical passports, an automated information system for assessing land in the Republic of Belarus, as well as an automated information system for maintaining the unified state register of real estate, rights to it and transactions with it, in the form of unified technical and economic passports of commercial real estate objects. The introduction of such a document will allow to raise management efficiency as the commercial real estate market segments, and specific commercial properties, to formalize the relationship between the subjects of the commercial property market, and will also act as the basis for increasing economic efficiency and investment attractiveness of commercial real estate market of the Republic of Belarus.

Methods of monitoring real estate objects using three-dimensional laser scanning in the specifics of urban lands

2021 ◽  
Vol 970 (4) ◽  
pp. 45-53
Author(s):  
D.A. Gura ◽  
I.G. Markovskii ◽  
S.K. Pshidatok
Keyword(s):  
Land Use ◽  
Information System ◽  
Real Estate ◽  
Laser Scanning ◽  
Three Dimensional ◽  
Federal State ◽  
State Monitoring ◽  
State Register ◽  
Automated Information System ◽  
Capital Construction

The purpose of this work is to develop a methodology for monitoring real estate objects, as a single information block, by including this procedure for capital construction objects in the process of land use control to update the information contained in state systems. The object of the research is the systems of state monitoring of land use based on the automated information system of state monitoring of land and registration of immovable objects based on the federal state information system of the Unified State Register of Real Estate. The subject of the work is creation a concept for a system of monitoring immovable objects, as a single resource, by introducing a monitoring unit for capital construction ones. As a result of the research, the stages of the method implementation are described, the key users of the final monitoring system for real estate objects are presented and options for its practical application are indicated.

scholarly journals Market maturity: China commercial real estate market

2015 ◽  
Vol 33 (1) ◽  
pp. 4-18 ◽  
Author(s):  
Qiulin Ke ◽  
Karen Sieracki
Keyword(s):  
Real Estate ◽  
Emerging Market ◽  
Evolutionary Process ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
Property Market ◽  
Content Type ◽  
Commercial Property ◽  
High Government ◽  
International Investors

Purpose – The purpose of this paper is to explore the evolutionary path to market maturity that China property market has taken over the last few decades. The focus is on the commercial real estate markets in Beijing and Shanghai. It will help international investors understand the market environment, risk and market activity process. Design/methodology/approach – In this research, the authors apply the market maturity framework and its key determinants based on previous work undertaken by Keogh and D’Arcy (1994) and Chin et al. (2006) for the analysis of Chinese commercial property market. Particular focus is on Beijing and Shanghai. The questionnaire is designed to obtain fair and objective views from international property consultancy firms active in Beijing and Shanghai markets. There are not many of these international property consultancies. The reason why this type of business was selected was to insure that the business had an understanding of China’s place in the global commercial real estate market as this market matures from its emerging market status. Findings – The findings reveal that the respondents felt the commercial property markets in Shanghai and Beijing were now moderately mature. However, issues such as poorer level of standard market information, development instability, low transparency of the legal system, high taxes and high government invention still existed in China’s commercial property market, therefore hindering its progress towards greater market maturity. Research limitations/implications – The small same size of the survey is the major limitation of the research. Practical implications – International investors and analysts can benefit from the research findings through a better understanding of the behaviour and trends in this unique market which will be reflected in their decision-making process. Originality/value – An explorative approach was used due to the lack of data to examine the perception of China’s commercial property market’s evolution and maturity. The findings can then be placed in the context of other Southeast Asian cities. The evolutionary process of China’s property market is rarely examined in previous studies of China property market due to the lack of data and transparency.

The Determinants of the Ex Ante Risk Premiumin Commercial Real Estate

2019 ◽  
Vol 41 (3) ◽  
pp. 411-441
Author(s):  
El i Beracha ◽  
Julia Freybote ◽  
Zhenguo Lin
Keyword(s):  
Real Estate ◽  
Risk Premium ◽  
Predictive Power ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
Stock Market Volatility ◽  
Switching Regression ◽  
Risk Premiums ◽  
Debt Capital ◽  
Ex Ante

We investigate the determinants of the ex ante risk premium in commercial real estate. Using a 20-year time series and Markov-switching regression, we find that the ex ante risk premium is affected by fundamental and non-fundamental determinants, albeit not symmetrically when risk premiums are increasing and decreasing. In particular, we find that changes in debt capital market conditions have a higher predictive power for changes in the ex ante risk premium when it is increasing, while changes in stock market volatility and commercial real estate market returns have a higher predictive power when the risk premium is on the decline. In addition, changes in commercial real estate sentiment and NAREIT returns can predict changes in the ex ante risk premium; however, the predictive power of these variables varies across property types and risk premium (risk perception) states.

A post-global financial crisis (GFC) framework for strategic planning, assessment and management decision making for US sustainable commercial real estate

2017 ◽  
Vol 35 (6) ◽  
pp. 589-618 ◽  
Author(s):  
Pernille Hoy Christensen
Keyword(s):  
Decision Making ◽  
Financial Crisis ◽  
Real Estate ◽  
Performance Indicators ◽  
Institutional Investors ◽  
Global Financial Crisis ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
Content Type ◽  
Sustainability Initiatives

Purpose The purpose of this paper is to understand both the facts and the values associated with the breadth of issues, and the principles related to sustainable real estate for institutional investors. Sustainable real estate is a growing sector within the commercial real estate industry, and yet, the decision-making practices of institutional investors related to sustainability are still not well understood. In an effort to fill that gap, this research investigates the post-global financial crisis (GFC) motivations driving the implementation of sustainability initiatives, the implementation strategies used, and the predominant eco-indicators and measures used by institutional investors. Design/methodology/approach This paper presents the results of a three-round modified Delphi study conducted in the USA in 2011-2012 investigating the nature of performance measurements and reporting requirements in sustainable commercial real estate and their impact on the real estate decision-making process used by institutional investors. Two rounds of in-depth interviews were conducted with 14 expert panelists. An e-questionnaire was used in the third round to verify qualitative findings. Findings The key industry drivers and performance indicators influencing institutional investor decision making were associated with risk management of assets and whether initiatives can improve competitive market advantage. Industry leaders advocate for simple key performance indicators, which is in contrast to the literature which argues for the need to adopt common criteria and metrics. Key barriers to the adoption of sustainability initiatives are discussed and a decision framework is presented. Practical implications This research aims to help industry partners understand the drivers motivating institutional investors to uptake sustainability initiatives with the aim of improving decision making, assessment, and management of sustainable commercial office buildings. Originality/value Building on the four generations of the sustainability framework presented by Simons et al. (2001), this research argues that the US real estate market has yet again adjusted its relationship with sustainability and revises their framework to include a new, post-GFC generation for decision making, assessment, and management of sustainable real estate.

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