scholarly journals The multicultural territory of domitian coast: housing condition and real estate market [Il territorio multiculturale del litorale domizio: condizione abitativa e mercato immobiliare]

2021 ◽  
Vol 28 ◽  
pp. 81-92
Author(s):  
Fabiana Forte ◽  
Claudia De Biase ◽  
Pierfrancesco De Paola
Keyword(s):  
Real Estate ◽  
Social Integration ◽  
Urban Areas ◽  
Housing Stock ◽  
Real Estate Market ◽  
Housing Demand ◽  
Housing Condition ◽  
Housing Conditions ◽  
Campania Region ◽  
Foreign Population

In Italy, which has traditionally been a country of emigration since the unification of Italy, in the last thirty years there has been an intense increase in the flow of immigrants, resulting in economic, social and spatial problems. If the housing conditions represents one of the main indicators to measure the degree of social integration, in Italy a particularly weak segment in the housing demand is represented precisely by immigrants to whom the most degraded and inadequate sector of the housing stock is often destined. A phenomenon of particular note is represented by the settlement choices in the hinterland of large urban areas where there is a high percentage of foreign population (both official and unofficial). This is what happened in the Campania region, in the territory that starts from Caserta to get to Salerno, passing through the metropolitan city of Naples. In Italia, tradizionalmente paese d’emigrazione dall’unità in poi, negli ultimi trenta anni, si è assistito ad un intenso incremento del flusso di immigrati, con conseguenti impatti di carattere economico, sociale e spaziale. Se la condizione abitativa rappresenta uno dei principali indicatori per misurare il grado di integrazione sociale, un segmento particolarmente debole della domanda abitativa in Italia è rappresentato proprio dagli immigrati, cui spesso risulta destinato il settore più degradato e inadeguato del patrimonio abitativo. Un fenomeno di particolare rilievo è rappresentato dalle scelte insediative nell’hinterland delle grandi aree urbane, dove si registra un alta concentrazione di popolazione straniera (sia ufficiale che ufficiosa). Ed è quanto è successo in regione Campania, nell’area che parte da Caserta per arrivare a Salerno, passando per la città metropolitana di Napoli.

scholarly journals Attributes of Housing Mismatch Framework in Urban Areas

2017 ◽  
Vol 2 (5) ◽  
pp. 277
Author(s):  
Ahmad Fawwaz Saleh ◽  
Ting Kien Hwa ◽  
Rohayu Ab Majid ◽  
Muhammad Hilmi Mohamad@Masri
Keyword(s):  
Quality Of Life ◽  
Real Estate ◽  
Urban Areas ◽  
Supply And Demand ◽  
Real Estate Market ◽  
Housing Demand ◽  
Sample Population ◽  
Housing Industry ◽  
Main Components

Housing industry is constantly faced with various phenomena of the real estate market. The gamble between elements of supply and demand in the housing industry segmentation is shaping the market situation. However, the expected balance between supply and demand is difficult to achieve, even in the long run. Therefore, this study aims to examine the key factors that contribute to the level of demand in a real estate market. Respondents representing buyers of area studies have questioned on their consideration of the factors that might influence their decision in-house purchasing. Three main components such as housing regulation, geographical spatial location, and housing product have been expanded with seven subcomponent and 37 elements. Data were collected through a preliminary survey from sample population at study area of Wangsa Maju, Kuala Lumpur, Malaysia, which experienced with housing mismatch phenomena. Data has been analysed by using SPSS software in generated the mean score for each of element. The results indicate that 18 of the 36 items reported average rating at values more than 3.0. This shows that three main components of the study indeed affect home buyers as well as lead to the level of housing demand in the housing market. Documentation of this aspect in urban areas will make local communities, government, and private institution appreciate and improvise better decision-making for residential development to decrease a gap. Thus, better enhancement in quality of life by the stakeholders will create a strong sense of community identity and belonging to the places.Keywords: Housing mismatch; Urban Areas; Dissimilarity; Quality of life© 2017. The Authors. Published for AMER ABRA by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia.

scholarly journals Is the Real Estate Market of New Housing Stock Influenced by Urban Vibrancy?

Complexity ◽  
2020 ◽  
Vol 2020 ◽  
pp. 1-22
Author(s):  
Alice Barreca ◽  
Rocco Curto ◽  
Diana Rolando
Keyword(s):  
Real Estate ◽  
Urban Areas ◽  
Housing Stock ◽  
Housing Prices ◽  
Real Estate Market ◽  
Sustainable Urban Development ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Spatial Autoregressive

The attractiveness and vibrancy of an urban area are very complex aspects that both Public Administrations and real estate developers and construction companies have to carefully consider in order to correctly address their investments and sustainable urban development projects. The aim of this paper is to study urban vibrancy and its relationship with the neighbourhood services and the real estate market of new housing stock. Spatial analyses are performed to study the influence of the Neighbourhood Services Index (NeSI) and its Principal Components (PCs) on listing prices and the construction activity. Spatial autoregressive (SAR) models are applied both with lattice data and data points, in order to manage spatial dependence and to identify the variables that significantly influence housing prices and construction site density. Findings highlight that the NeSI significantly influences the real estate market of new housing stock and that above the analysed neighbourhood services and the retail activities have a great, significant, and positive influence on the density of housing construction sites. The results of this study represent a real support for both public and private bodies to identify the most and least attractive and vibrant urban areas and to deal with important aspects of urban complexity.

scholarly journals An Analysis of Preferences in Housing Demand by Means of a Multicriteria Methodology (AHP). A More Sustainable Approach

2021 ◽  
Vol 13 (14) ◽  
pp. 7550
Author(s):  
Roberto Cervelló-Royo ◽  
Marina Segura ◽  
Regina García-Pérez ◽  
Baldomero Segura-García del Río
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Real Estate Market ◽  
Housing Demand ◽  
Decision Making Process ◽  
Analytic Hierarchy ◽  
The Real Estate ◽  
Qualitative Relationship ◽  
Key Aspects ◽  
Housing Attributes

This paper examines key aspects of the behavior of housing demand from a sustainable standpoint. Most studies have mainly focused on housing supply, looking at quantitative predictions without considering the qualitative relationship found between housing values and housing demand on a sustainable and microeconomic scale. We used a multicriteria decision methodology (analytic hierarchy process—AHP) for the analysis of preferences in demand, based on the theory of multi-attribute utility of housing, to determine the relative importance of each characteristic of housing and its influence on the decision-making process. For this purpose, we carried out the study over three main groups of stakeholders in the housing market: real estate surveyors, real estate agents, and housing buyers (the latter representing the housing demand). Results show that although there might be some slight discrepancies among the three groups in the decision-making process and the weighting of housing attributes, the three groups agree in most of the process, especially when defining the criteria and the importance that each criterion has on the process of valuation. This study provides important managerial and sustainable implications for the real estate market related to urban public policy, as we highlight which criteria are most preferred.

scholarly journals COVID-19 Infects Real Estate Markets: Short and Mid-Run Effects on Housing Prices in Campania Region (Italy)

2020 ◽  
Vol 9 (7) ◽  
pp. 114 ◽  
Author(s):  
Vincenzo Del Giudice ◽  
Pierfrancesco De Paola ◽  
Francesco Paolo Del Giudice
Keyword(s):  
Real Estate ◽  
Housing Prices ◽  
Real Estate Market ◽  
Campania Region ◽  
Real Estate Markets ◽  
The Real ◽  
The Real Estate ◽  
Short Run ◽  
Predator Model ◽  
Real Estate Prices

The COVID-19 (also called “SARS-CoV-2”) pandemic is causing a dramatic reduction in consumption, with a further drop in prices and a decrease in workers’ per capita income. To this will be added an increase in unemployment, which will further depress consumption. The real estate market, as for other productive and commercial sectors, in the short and mid-run, will not tend to move independently from the context of the aforementioned economic variables. The effect of pandemics or health emergencies on housing markets is an unexplored topic in international literature. For this reason, firstly, the few specific studies found are reported and, by analogy, studies on the effects of terrorism attacks and natural disasters on real estate prices are examined too. Subsequently, beginning from the real estate dynamics and economic indicators of the Campania region before the COVID-19 emergency, the current COVID-19 scenario is defined (focusing on unemployment, personal and household income, real estate judicial execution, real estate dynamics). Finally, a real estate pricing model is developed, evaluating the short and mid-run COVID-19 effects on housing prices. To predict possible changes in the mid-run of real estate judicial execution and real estate dynamics, the economic model of Lotka–Volterra (also known as the “prey–predator” model) was applied. Results of the model indicate a housing prices drop of 4.16% in the short-run and 6.49% in the mid-run (late 2020–early 2021).

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 Urban Vibrancy: An Emerging Factor that Spatially Influences the Real Estate Market

2020 ◽  
Vol 12 (1) ◽  
pp. 346 ◽  
Author(s):  
Alice Barreca ◽  
Rocco Curto ◽  
Diana Rolando
Keyword(s):  
Real Estate ◽  
Urban Areas ◽  
Housing Prices ◽  
Real Estate Market ◽  
Current Status ◽  
The Real ◽  
The Real Estate ◽  
Activity Intensity ◽  
The Real Estate Market ◽  
Spatial Autoregressive

Urban vibrancy is defined and measured differently in the literature. Originally, it was described as the number of people in and around streets or neighborhoods. Now, it is commonly associated with activity intensity, the diversity of land-use configurations, and the accessibility of a place. The aim of this paper is to study urban vibrancy, its relationship with neighborhood services, and the real estate market. Firstly, it is used a set of neighborhood service variables, and a Principal Component Analysis is performed in order to create a Neighborhood Services Index (NeSI) that is able to identify the most and least vibrant urban areas of a city. Secondly, the influence of urban vibrancy on the listing prices of existing housing is analyzed by performing spatial analyses. To achieve this, the presence of spatial autocorrelation is investigated and spatial clusters are identified. Therefore, spatial autoregressive models are applied to manage spatial effects and to identify the variables that significantly influence the process of housing price determination. The results confirm that housing prices are spatially autocorrelated and highlight that housing prices and NeSI are statistically associated with each other. The identification of the urban areas characterized by different levels of vibrancy and housing prices can effectively support the revision of the urban development plan and its regulatory act, as well as strategic urban policies and actions. Such data analyses support a deep knowledge of the current status quo, which is necessary to drive important changes to develop more efficient, sustainable, and competitive cities.

scholarly journals Housing Demand in Urban Areas and Sanitary Requirements of Dwellings in Italy

2020 ◽  
Vol 2020 ◽  
pp. 1-6 ◽  
Author(s):  
Marco Dettori ◽  
Lucia Altea ◽  
Donatella Fracasso ◽  
Federica Trogu ◽  
Antonio Azara ◽  
...  
Keyword(s):  
Public Health ◽  
Social Relations ◽  
Urban Areas ◽  
Housing Demand ◽  
City Centre ◽  
Italian Population ◽  
Housing Conditions ◽  
Foreign Born ◽  
Urban Context ◽  
The City

The phenomenon of urbanisation is becoming increasingly prevalent on a global level, and the health issues regarding the urban environment are of primary importance in public health. Accordingly, the present manuscript describes an analysis of the housing conditions of Italian urban areas, referring to the city of Sassari (Sardinia), Italy, focused on the dwelling structural and sanitary conditions issued by the Italian regulations. Data relating to the housing conditions of the population were acquired by the Local Hygiene and Public Health Service (SISP), in a period between 2012 and 2016. Qualitative variables were summarised with absolute and relative (percentages) frequencies, whereas quantitative variables with means and standard deviations depending on their parametric distribution. Statistical comparisons for qualitative and quantitative variables were performed with the χ2 test or Student’s t-test, respectively. A p value less than 0.05 was considered statistically significant. Finally, the dwellings and the collected variables were georeferenced on a city map. During the 2012–2016 observation period, 363 certification requests were received from 193 (53.2%) foreign-born citizens and 170 (46.8%) Italians at the SISP offices. The main reasons relate to the request for a residency permit (46.6%) and to obtain a subsidy from the local government (32.8%). Overall, 15.4% of dwellings were found to be improper, while 35.3% and 22.0% were found to be unhygienic and uninhabitable, respectively. The foreigners’ homes were found to be suitable in 82.7% of cases; the housing of Italian citizens, on the contrary, was found to be suitable in 28% of the observations. The present study offers a cross section of the housing conditions of Italian urban areas, referring to the city of Sassari. To the authors’ best knowledge, this observation is the first one carried out in Sardinia and one of the first observations in Italy. It has emerged that “hygienically unsuitable” homes are those that, in most cases, are located in the city centre. Moreover, the Italian population is hit by a significant housing problem, due to overcrowding, uninhabitability, and unhygienic conditions. Overall, our findings suggest that it is necessary to develop a multidisciplinary approach to guarantee public health, with safe dwellings homes and the surrounding urban context alongside the development of social relations. Nevertheless, there is still little evidence available today on the population housing conditions, especially regarding the private indoor environment, and further research is needed to bridge this knowledge gap.

scholarly journals The Area Vasta of Cagliari: An Insight into the Real Estate Market within a Wider Integrated Approach on the Urban Areas Competitiveness Level

2014 ◽  
Vol 11 ◽  
pp. 549-554
Author(s):  
Francesca Bodano ◽  
Luisa Ingaramo ◽  
Stefania Sabatino
Keyword(s):  
Real Estate ◽  
Urban Areas ◽  
Housing Price ◽  
Integrated Approach ◽  
Real Estate Market ◽  
Added Value ◽  
Analysis Model ◽  
The Real ◽  
The Real Estate ◽  
Insight Into

The paper offers a territorial analysis extracted from the 2013 edition of the Rapporto Annuale di Competitività delle Aree Urbane Italiane (RCAU). The Report (IV edition at present) is produced thanks to the commitment of a multi-curricular partnership, supported by the European Bank of Investment, to enhance the strategic knowledge of investors, potentially interested in the European JESSICA initiative. The insight into the Area Vasta of Cagliari is relevant as it shows the opportunities offered by the competitiveness RCAU standardised analysis model, based on 110 provinces (NUTS territorial units), to develop further in depth studies on thematic clusters or specific areas. The result is the chance of critically comparing fact-finding information at different geographic scales. The analysis herewith presented let to highlight some typical cause-effect relations in the Cagliari Area Vasta from the urban towards the rural territory (i.e.: the real estate values distribution depending on the location of material and immaterial infrastructures, even considering the so called human capital balance). In this respect its remarkable to recall that the housing price tends to capture both intrinsic and extrinsic components, being a good index of territorial competitiveness. One of the added value of the study is its replicability, thanks to the RCAU dataset (80 indicators covering demographic, economic and territorial data), useful to support decision makers in a direct, not strictly technical communication. Among the main RCAU promoters its remarkable the growing role played by Banking Foundations, more and more interested to take advantage of revolving funds investments for the creation of sustainable and resilient strategies.

scholarly journals Today's Market Needs Modernized Property Appraisers

2020 ◽  
Vol 28 (4) ◽  
pp. 93-103
Author(s):  
Sabina Źróbek ◽  
Ewa Kucharska-Stasiak ◽  
Małgorzata Renigier-Biłozor
Keyword(s):  
Real Estate ◽  
Urban Areas ◽  
Real Estate Market ◽  
Sustainable Urban Development ◽  
Modern World ◽  
The Real ◽  
The Real Estate ◽  
Analytical Skills ◽  
The Real Estate Market ◽  
Market Needs

AbstractThe article identifies and provides a synthetic overview of various concepts relating to the evolution of the real estate market and property valuation. According to the authors, the processes observed on the real estate market necessitate changes in training programs for property valuers. Real estate appraisers should be able to cope with new consumer expectations and requirements, and they should be well versed in modern technological solutions and analytical tools. The study indicates that, in order to face the challenges of the modern world, the appraisal profession should undergo a paradigm shift to embrace the fact that real estate is a commodity and that globalization is inevitable on the real estate market. Due to the high value of urban areas, a modern specialist determining the value of real estate is particularly needed there. Property valuers should develop new analytical skills, and they should rely on modern data processing tools to collect and process information. Additionally, recent events, including the COVID-19 pandemic, demonstrate that property appraisers should be better prepared for dealing with unprecedented circumstances. The training curricula proposed in this article should increase property valuers’ competencies and effectively support real estate market entities and sustainable urban development.

Sign in / Sign up

Export Citation Format

Share Document