scholarly journals The intercultural city: real estate markets, migratory trends and social dynamics [La città interculturale: dinamiche immobiliari, migratorie e sociali]

2021 ◽  
Vol 28 ◽  
pp. 59-66
Author(s):  
Ezio Micelli
Keyword(s):  
Real Estate ◽  
Social Dynamics ◽  
Scientific Literature ◽  
Real Estate Market ◽  
Population Ageing ◽  
Spatial Segregation ◽  
Real Estate Markets ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Small Measure

New ethnicities and new cultures are taking up residence in our cities: for years the flow of foreign people has been compensating the decreasing rates of natural growth and population ageing. This trend comes along with several consequences in the real estate market, and the scientific literature has shown up events in common with many countries. Spatial segregation, as a consequence of real estate dynamics, has to be critically evaluated: it is by no means a neutral mechanism, yet it contributes in no small measure to the spatial segregation of the smaller communities. Nuove etnie e nuove culture abitano le nostre città: da anni il flusso di persone straniere compensa il decrescente saldo naturale e l’invecchiamento della popolazione. Ciò non è senza conseguenze sul mercato immobiliare e la letteratura scientifica mette in luce fenomeni comuni a molti paesi. La segregazione spaziale effetto di dinamiche di mercato va considerata criticamente: quest’ultimo non è dispositivo neutrale, ma concorre attivamente alla segregazione spaziale delle comunità.

scholarly journals Optimization of the variables selection in the process of real estate markets rating

2015 ◽  
Vol 6 (4) ◽  
pp. 139 ◽  
Author(s):  
Małgorzata Renigier-Biłozor ◽  
Andrzej Biłozor
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Real Estate Market ◽  
Market Potential ◽  
Coherent System ◽  
Essential Information ◽  
Real Estate Markets ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market

The growing significance of the real estate market prompts investors to search for factors and variables which support cohesive analyses of real estate markets, market comparisons based on diverse criteria and determination of market potential. The specificity of the real estate market is determined by the unique attributes of property. The Authors assume that developing real estate market ratings identifies the types of information and factors which affect decision-making on real estate markets. The main objective of  real estate market ratings is to create a universal and standardized classification system for evaluating the real estate market. One of the most important problems in this area is collecting appropriate features of real estate market and development dataset. The main problem involves the selection and application of appropriate features, which would be relevant to the specificity of information related to the real estate market and create a kind of coherent system aiding the decision-making process. The main aim of this study is the optimization of  set of variables that were used to develop the real estate market ratings.  For this purpose, Hellwig’s method of integral capacity of information was applied. In this particular case, the method shows what set of variables provides information most sufficiently. The results lead to obtaining the necessary set of features that constitute essential information which describes the situation on the local real estate market.

scholarly journals RATING METHODOLOGY FOR REAL ESTATE MARKETS – POLAND CASE STUDY

2014 ◽  
Vol 18 (2) ◽  
pp. 198-212 ◽  
Author(s):  
Malgorzata Renigier-Biłozor ◽  
Radoslaw Wisniewski ◽  
Arturas Kaklauskas ◽  
Andrzej Biłozor
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
National Economy ◽  
Real Estate Market ◽  
Market Potential ◽  
Real Estate Markets ◽  
The Real ◽  
The Real Estate ◽  
Local Character ◽  
The Real Estate Market

The development of the real estate market is conditioned by a variety of endogenous and exogenous factors. Selected factors determine the local character of the real estate market, whereas others contribute to its classification as one of the main branches of the national economy. Rapid economic growth and the search for new investment opportunities have turned the real estate market into a highly competitive arena where various players carry out diverse investment strategies. Investors search for similarities that would enable them to develop risk minimizing strategies. Ratings are a modern tool that can be deployed in analyses and predictions of real estate market potential. This paper proposes a methodology for developing real estate market ratings, and it identifies the types of information and factors which affect decision-making on real estate markets. The following research hypotheses are formulated and tested in the article: 1) a real estate market can be rated in view of its significance for the local and national economy, 2) real estate market ratings support market participants in the decision-making process.

scholarly journals Closed-End Real Estate Funds in Comparison with other Investment Opportunities in Poland

2017 ◽  
Vol 25 (1) ◽  
pp. 19-31 ◽  
Author(s):  
Rafal Wolski ◽  
Magdalena Załęczna
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Investment Fund ◽  
Investment Funds ◽  
Real Estate Markets ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Commercial Market ◽  
Dynamic Growth ◽  
And Performance

Abstract The first closed-end real estate investment funds in Poland began to appear in 2004, along with the development of the capital market and the real estate market. The funds invested both in the housing market and in the commercial market. In general, they encouraged potential investors to purchase investment fund units by pointing to positive results obtained by similar funds in other countries, as well as the dynamic growth of prices in domestic real estate markets. However, the analysis of the performance of closed-end real estate funds in Poland shows that they have failed to earn satisfactory rates of return. The aim of the study was to compare their performance with the profitability of other investment instruments in the 2004 to 2014 period. In addition, the authors aimed to establish why closed-end real estate funds had failed to succeed in Poland, by analyzing, among other things, their institutional context. The study was based on a comparison of the characteristics and performance of particular funds, and also analyzed the profitability of selected alternative investments.

How different actors shape the real estate market for informal settlements in Lagos

2020 ◽  
Vol 32 (2) ◽  
pp. 371-388
Author(s):  
Akunnaya Pearl Opoko ◽  
Adedapo Adewunmi Oluwatayo ◽  
Bayo Amole ◽  
Ekundayo Adeyemi
Keyword(s):  
Real Estate ◽  
Urban Areas ◽  
Informal Settlements ◽  
Real Estate Market ◽  
Property Market ◽  
Real Estate Markets ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Market Needs

The literature indicates that most housing in the urban areas of many countries in the global South is in informal settlements, provided through informal mechanisms that are often not well understood. This paper contributes to understanding the forces influencing real estate markets in informal settlements, drawing on a case study of the under-researched Ayobo community in Lagos, Nigeria. The paper examines the roles played by government agencies and other market actors, including buyers, sellers, informants, financiers and witnesses, in relation to the operation and regulation of informal land markets. The analysis of the data, drawn from a survey and interviews, reveals a thriving property market, which is socially if not formally regulated. The paper concludes that this flourishing informal market needs strengthening to effectively meet the housing needs of urban residents.

scholarly journals Best Practices in Real Estate Cross-border Transactions

2020 ◽  
pp. 153-161
Author(s):  
Piotr Szulc
Keyword(s):  
Real Estate ◽  
Best Practices ◽  
Real Estate Market ◽  
Due Diligence ◽  
Real Estate Markets ◽  
The Real Estate ◽  
Cross Border ◽  
The Real Estate Market ◽  
People Skills ◽  
Difficult Challenge

The article presents reflections on the best practices in real estate cross border transactions.Transactions on real estate markets have several aspects that make them highly complex, mostly due to their individual nature – each property is unique in terms of its location, structure and history. Cross-border transactions on the real estate market are becoming increasingly popular as the world becomes more globalized. The growing volume of this type of transaction presents a challenge for the modern real estate lawyer. It is impossible to create an exhaustive guide setting out all the hazards occurring in such transactions. This article addresses this difficult challenge by indicating the most important of them.It is essential and extremely helpful to enter into cooperation with a local counsel who will help us to explain the local specificity and who will take the legal differences into account. In addition, other helpful tools, such as a legal due diligence report or a title insurance Policy, should be carefully considered. One cannot forget about the importance of the local culture and customs, which may prove decisive at the crucial moment of the transaction. Finally, to be effective in working with cross-border clients, lawyers must have a good understanding of how people think and make decisions, and must possess good people skills. Respect for local customs and traditions, as well as understanding the local legal system while securing clients’ interests, is the key to a successful transaction.

scholarly journals RATING ATTRIBUTES TOOLKIT FOR THE RESIDENTIAL PROPERTY MARKET

2017 ◽  
Vol 21 (3) ◽  
pp. 307-317 ◽  
Author(s):  
Malgorzata RENIGIER-BILOZOR ◽  
Radoslaw WISNIEWSKI ◽  
Andrzej BILOZOR
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Real Estate Market ◽  
Market Potential ◽  
Coherent System ◽  
Essential Information ◽  
Real Estate Markets ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market

The growing significance of the real estate market prompts investors to search for factors and variables which support cohesive analyses of real estate markets, market comparisons based on diverse criteria and determination of market potential. The specificity of the real estate market is determined by the unique attributes of property. The authors assumed that developing real estate market ratings identifies the types of information and factors which affect decision-making on real estate markets. The main objective of real estate market ratings is to create a universal and standardized classification system for evaluating the real estate market. One from the most important problem in this area is collection of appropriate features of real estate market and development dataset. The main problem involves the selection and application of appropriate features, which would be relevant to the specificity of information related to the real estate market and create a kind of coherent system aiding the decision-making process. The main aim of this study is to elaboration set of variables (knowledge platform) that were used to elaborate the real estate market ratings. The results lead to obtain the necessary set of features that constitute essential information which describes the situation on the local real estate market.

Glocal real estate market: evidence from European Countries

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Radoslaw Wisniewski ◽  
Justyna Brzezicka
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Content Type ◽  
Real Estate Markets ◽  
The Real Estate ◽  
Market Index ◽  
Selection Of Variables ◽  
The Real Estate Market ◽  
Novel Method ◽  
Characteristic Features

Purpose This paper aims to analyse globalisation, localisation and glocalisation on the real estate market and define the characteristic features of a glocal real estate market (GREM). The GREM involves real estate properties and real estate products, as well as linking the local and global dimensions of real estate market. Further aims of the study were to provide a methodology for developing the glocal real estate market index (GREMI), and compare selected European markets by analysing their glocalisation potential. Design/methodology/approach A novel method of identifying and assessing the GREM was prepared in the work. The methodology provides tools for calculating the GREMI. This is an index based on a few dozen variables from various thematic scopes, describing the glocalisation potential of a selected market, calibrated to a range <0, 1>. GREMI values were calculated for 12 countries, which accessed European Union (EU) in 2004. The sample covers period from 2004 to 2017. Findings The study shows that the GREMI continues to increase in all countries over time and the results are becoming synchronised. Romania is a country with the highest number of minimum GREMI values in all years (2004–2017). The highest values of the GREMI were determined in Estonia over the period of nine years (2004–2006, 2008 and 2013–2017). Research limitations/implications The prepared index may be applied to analyse different real estate markets, though the necessity to select an identical set of variables for analysis to allow for comparing between markets is a limitation for applying the method. The actual selection of variables is also a study limitation, which was of an opening nature to research in this scope and may be disputable. Originality/value This paper provides the original methodology of the GREMI index for countries joining the EU from 2004 onwards.

scholarly journals REAL ESTATE MARKET RATING – NEED OR NECESSITY?

2013 ◽  
Vol 21 (4) ◽  
pp. 54-64
Author(s):  
Małgorzata Renigier-Biłozor ◽  
Radosław Wiśniewski
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
Growth Potential ◽  
Rating Systems ◽  
Real Estate Markets ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Property Markets

Abstract Rating systems developed in Poland and other countries are generally used to evaluate the performance of businesses, organizations, institutions and even entire economies. Comprehensive solutions for assessing real estate markets and individual properties have never been proposed (several systems for evaluating mostly commercial real estate have been developed). This deficiency could be attributed to an absence of databases describing the real estate market and market changes as well as a shortage of coherent methods for analyzing real estate markets. In most cases, however, market phenomena may be difficult to classify because they involve behavioral, social and stochastic elements. This article analyzes the existing systems for rating and ranking markets in different Polish regions and cities. They were compared with information about the classification of real estate markets on the example of selected property markets in Poland. Selected categories were evaluated to determine whether rating methods for real estate markets, including housing markets, should be developed for different Polish cities and regions. The growth potential of local real estate markets was also analyzed.

scholarly journals The Effect of Economic Constraints on Direct Real Estate Market

2021 ◽  
Vol 14 (1) ◽  
pp. 27-34
Author(s):  
Khaldoun M. Al-Qaisi ◽  
Keyword(s):  
Real Estate ◽  
Stock Exchange ◽  
Real Estate Market ◽  
Exchange Market ◽  
Real Estate Markets ◽  
The Real Estate ◽  
Secondary Sources ◽  
The Real Estate Market ◽  
High Interaction ◽  
Economic Constraints

The objective of this research to investigate the interactions between the direct real estate markets with the financial stock market changes. To accomplish this objective data was collected of different official secondary sources. The collected data entered to SPSS and E-views for analysis. The results of this research showed that there is high interaction between the real estate market performance in Jordan and stock exchange market

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