scholarly journals FAKE POPULARITY FOR REAL MONEY: COMMERCIAL ASTROTURFING AND DATA BUBBLE ON CHINESE DIGITAL PLATFORM

Author(s):  
Xiaofei Han ◽  
Jiaxi Hou

This on-going research delineates the constructing of an interlocking ecosystem around popularity magnification on popular Chinese digital platforms, which we refer as “data bubble”. Similar to the bubble in a stock market or in real estate market in different economies where the price of assets substantially exceeds its intrinsic value, we propose “data bubble” as a neologism to describe the phenomenon and ecosystem of manipulating data to aim for an inflated popularity on Chinese digital platforms, which ultimately pitch to higher commercial and financial values. We argue that data bubble is laced with platform company’s commercial and financial imperatives, logics of datafication and popularity of platform as data infrastructure, and active participation from different user groups and complementors, and a deeply embedded mentality of “traffic is king”. It is achieved through mixed data practices including data optimization, commercial astroturfing, and counterfeit data manufacturing behind which a wide range of actors and entities are involved. They range from platforms, individual end users (fans in particular), influencers, multi-channel networks (MCNs) and incubators, celebrities and their agencies, click farms, and advertisers—all of them have achieved their own ends and thus actively participated in fabricating data bubble in one way or another. The practices of data manipulating and optimization by different participants in constructing data bubble, as a result, have driven the data metrics on Chinese platforms far over—and no longer representative of—the actual popularity.

2011 ◽  
Vol 15 (15) ◽  
pp. 57-69
Author(s):  
Fátima De Matos

Ageing and Quality of Life - New Responses from the Real Estate Sector in Portugal (1) In the second half of the 20th century, the history of European demography is associated with a pronounced and widespread process of ageing. The 21st century will have to cater to the needs of an elderly population in transformation. Portugal is also part of this process and in efforts to improve the quality of life of the elderly, a wide range of facilities, services and social responses have been established by a variety of promoters, targeting several social levels. This paper will analyze a specific segment directed at an exclusive niche of the elderly population, the Senior Residential Condominiums. This is a very recent segment of the housing market, with high levels of comfort, quality, sanitation, health, and recreation, essential to full well-being. The paper intends to characterize this real estate market niche so as to identify its distinctive features, the promoting agents and how they can contribute to residents' quality of life.


2019 ◽  
Vol 16 (1) ◽  
pp. 41-56
Author(s):  
Dmitry V. Dianov ◽  
Pavel A. Smelov

The primary real estate market is one of the youngest segments of the market economy in modern Russia. If the genesis of the modern secondary market was observed in the pre-reform period: barter relations in terms of urban housing, the purchase and sale of suburban areas were freely carried out, small suburban real estate, garage buildings, etc., the real market relations with the relevant legal framework in terms of ownership rights in the primary market became possible only with the change of economic formation. All participants in the rapidly emerging primary real estate market quickly became familiar with pricing, market conditions, utility criteria and many other parameters inherent in this market segment. However, issues of managing business processes on the primary market of real estate, including a balance of opportunities for sellers and customer needs, pricing, adequate information support to all management levels, still are a problem and remain open.Purpose.The relevance and social need for statistical study of the primary real estate market determined the purpose of scientific work as a clarification of the nature, content, boundaries and participants of the market in order to improve and develop statistical methodology.Materials and methods.To make the research and form the adequate conclusions when writing a scientific paper, the extensive material of theoretical, methodological and applied nature was used, the authors of which are both domestic and foreign scientists in the field of statistics, management, investment, marketing and technical sciences. The paper uses a wide range of general scientific methods of knowledge, the use of which together allowed to abstract from the non-essential aspects and mutually reinforcing factors that do not ultimately have a tangible impact on the state and dynamics of the primary real estate market - methods of abstraction and idealization; moving from the general laws of the real estate market, to form private conclusions concerning the segments and even objects of the primary real estate market as an object of statistical research – the method of deduction; to comprehend the object as a whole and at the same time as an interconnected mechanism represented by all its structural components – methods of analysis and synthesis; to conduct a comparative analysis of objects and identify possible vectors of the market development – methods of analogy and mental-symbolic modeling.Results. Qualitative analysis allowed to determine the place and importance of the primary real estate market in the entire system of multi-market economy; to identify the life cycle of the objects of the market and on their basis to structure it; to identify the factors of development of the primary real estate market, quantitative assessment of the impact of which will be subsequently given on the basis of regression analysis; to summarize the set of risks that determine the diverse variation of the primary real estate market. The development of statistical methodology for the study of the primary real estate market can be based only on a clear understanding of the nature and internal content of the studied object. At the same time, so sensitive to the market and general economic situation in the country and each region, the market is constantly changing: it does not have a stationary point. Therefore, it is necessary not only quantitative analysis of the object on the basis of statistical methods, but also continuous monitoring of all economic phenomena that contribute to the modification of the primary real estate market.


POPULATION ◽  
2020 ◽  
Vol 23 (4) ◽  
pp. 50-60
Author(s):  
Igor Gordin ◽  
Yelena Ryumina

Preferential settlement along the coasts of water bodies (rivers, lakes, seas), dictated by a variety of production and recreational factors, has always been accompanied by environmental disruptions. A specific complex of social, environmental and economic problems arose with the beginning of mass cottage development of Russian coasts. At the same time, certain environmental risks were ignored. Until that time, the country had strict restrictions on the approach of dwellings to water and the operational regimes of households in the water protection zone. Particularly strict regulation for construction and operation of dwellings existed for the coasts of sources of communal water supply to cities and rural settlements and in resort and recreation zones. Today, coastal development is in many ways a chaotic process, accompanied by a wide range of legal and environmental violations. A critical situation developed on the sources of water supply in Moscow, at water supply facilities in other cities of the Russian Federation, on the sea coasts of the Krasnodar Krai and Crimea. Residents of prestigious coastal settlements form a large social group with a specific mentality. Very often it is based on a persistent desire to ignore environmental-legal imperatives for the sake of possessing expensive real estate and elitist recreation conditions. The methodology for study of the situation, based on the general principles of systemic analysis of socio-environmental-economic processes, makes it possible to significantly bring the economic interests of the social group in question closer to environmental and state interests. There is proposed a concept of improving the situation through proof of the inevitable depreciation of coastal real estate due to environmental degradation of water bodies on the banks of which unregulated development is conducted. At the same time, both the deterioration of the recreational climate up to a complete discomfort and the immediate economic losses of the population expressed by drop in the price of land and households in the real estate market, are equally important factors of depreciation.


2013 ◽  
Vol 21 (1) ◽  
pp. 69-76 ◽  
Author(s):  
Oksana Kuryj-Wysocka ◽  
Radosław Wiśniewski

Abstract In the economic theory, competition is considered to be a fundamental principle of the free market. Due to the competition, customers get lower prices, better service quality, more and more choices. The competition in the real estate market is a very important factor in its development. Buying or selling real estate is often one of the most important financial transactions, which require the purchaser. With the reference to the above, the participants of the real estate market need to analyse a number of transactions and do a detailed understanding of the market before making a decision and finding a deal that meets all the expectations which will not be diverging significantly from remaining offers functioning in the given area of the market. The phenomenon of competition is very advantageous for buyers of a real estate, because it shows a wide range of various possibilities which one should consider before making a final choice. Times of crisis trigger a tendency of the growing competition in the property market, what results in a decrease in real estate prices. This article brings up the issue of price and non-price competition on the real estate market and the influence which it exerts on the decision of the purchaser. The aim of this paper is to present the phenomenon of the competition at three levels (levels), by examining what relationship occurs between the entities functioning on the market, what occurs between entities and objects, and how the entities, i.e. individual real estate, compete with each other. This study will be conducted with methods of statistical analysis of the market, however Herfindahl-Hirschman Index will be used to measure competition on the local real estate market.


Author(s):  
Urmika Vishwakarma

Abstract: The valuation of real estate is a central tenet for all businesses. Land and property are factors of production and, as with any other asset, the value of the land flows from the use to which it is put, and that in turn is dependent upon the demand (and supply) for the product that is produced. Valuation, in its simplest form, is the determination of the amount for which the property will transact on a particular date. However, there is a wide range of purposes for which valuations are required. These range from valuations for purchase and sale, transfer, tax assessment, expropriation, inheritance or estate settlement, investment and financing. The objective of the paper is to provide a brief overview of the methods used in real estate valuation. Valuation methods can be grouped as traditional and advanced. The traditional methods are regression models, etc. MRA has been implemented by many researchers to study valuation of real property cite that MRA is possible for coefficient estimates and factor weightings using a large number of actual sale cases. Keywords: Real property, property valuation, multiple regression analysis, SWOT Analysis


Author(s):  
Sergey Sternik ◽  
Ilnur Gareev ◽  
Timur Akhmetgaliev

The majority of present-day aggregators of the Russian real estate market fail to meet modern requirements and trends. Currently, the information support of real estate valuation activities is generally assigned to individual values, rather than the valuation community as a whole. The absence, insufficiency, unreliability of the market information makes it difficult to determine the cadastral value of the properties as well fulfill the requirements prescribed by the existing methodological recommendations. The main problem in developing digital platforms is that the value of the digital platform proposition can only be adequately assessed by the platform developer, while the complexity of creating a quality digital platform may exceed the benefits for the developer. In this regard, we set a goal to analyze the aggregators of the real estate market in terms of the shortcomings, whose systematization is to lay the basis for a consolidated real estate market database of Russian Federation. In this article, selected digital platforms were analyzed with regards to meeting specified criteria using a multi-criterial rating system. The results of the study represent the necessary criteria, conclusions concerning compliance with certain criteria based on the analysis of classifieds, as well as recommendations for the use of innovative technologies to ensure the most advanced operation of real estate market aggregators. In addition, several forms of information exchange between market players and viable solutions to common problems are suggested. A method of developing a consolidated real estate market database was developed. It is based on innovative information technologies and the actionable way of implementing software solutions designated for automation and structuring of real estate data.


2015 ◽  
Vol 23 (2) ◽  
pp. 68-76
Author(s):  
Rafał Dąbrowski ◽  
Dorota Latos

Abstract In the process of real estate evaluation, there are many important elements that should be taken into consideration: for example the type of property which is under evaluation, real estate market analysis, and the selection of appropriate evaluation approaches, methods and techniques. In each of the approaches, different parameters are important. Most importantly, however, is the appropriate selection and identification of real estate characteristics, both physical and economic, as well as the determination of the importance of these qualities so that, when necessary, it will be possible to make the appraisal and select those characteristics which have the greatest impact on value of property. To acquire information about real estate, one can analyze data from multiple sources of information, such as: the land and mortgage register, land and buildings register, local town and country planning, industry data and other. Integrating data from all these sources allows comprehensive and up-to-date knowledge on the assessed property to be developed. One of best sources of data describing the characteristics of real estate is remote sensing. This method offers a high spectrum of information and, therefore, allows a wide range of analyses. As a result, one can obtain highly accurate facts about the property. Remote sensing data, however, are not a panacea for all problems and have some limitations that determine their applicability. This paper describes the possibilities of specifying some characteristics of the property under appraisal based on remote sensing data. For this purpose, the qualitative - quantitative analysis of the four most "common" types of remote sensing data were made, along with determining selected characteristics of 30 properties located in the Warsaw - Bemowo suburb area. The results of this research made it possible to answer the question of whether it is practicable and, if so, to what extent, to use remotely sensed data as the basis for determining the characteristics of a property as well as connecting the types of data to individual properties. The paper focuses on defining the characteristics of two kinds of real estate: land and buildings.


2020 ◽  
Author(s):  
Ekaterina SAVEL'EVA

The textbook examines the legal and financial aspects of the economy and real estate management, market analysis, real estate, investing (including project financing) and mortgage lending; the essence of development; principles and approaches to effective management of modern real estate, and also questions of technical exploitation and safety of buildings; current issues of taxation of real estate; methods of valuation of real estate. Meets the requirements of Federal state educational standards of higher education of the last generation. Designed for undergraduate students enrolled in fields of study 38.03.01 "Economics" (profile "Economics and management of real estate and investments", "Economy and property management") and 38.03.02 "Management" (specialization "Management of real estate"), as well as for students of other specialties, post-graduate students, teachers, beginners appraisers, analysts, specialists in consulting and a wide range of readers interested in the status and development prospects of the real estate market.


Author(s):  
Fábio Gerab ◽  
Bruno Mariano de Carvalho

It is a big challenge to determine the intrinsic value associated with all attributes existing in a property. It is also difficult to predict this value accurately, because in real estate market there are several properties with distinct characteristics. This study aims at developing a mathematical model capable of estimating the financial return on investments in urban residential apartments destined to lease in São Paulo city, SP, and identifying characteristics that promote a greater profitability for these residential apartments. In order to do so, hedonic multiple linear regression models capable to predict the values of sale and rent have been developed. With these models, and the ratio between the predict values of rent and sale, it was possible to build a new regression model in order to determine the profitability in the rent of residential apartments. Using the analysis of this new model it was possible to determine the characteristics on apartments that present the best profitability on real estate market.


2016 ◽  
Vol 24 (4) ◽  
pp. 35-46 ◽  
Author(s):  
Marta Figurska ◽  
Radoslaw Wisniewski

Abstract The most common method supporting investing on the capital market or making decisions on the real estate market is technical analysis. This article, however, focuses on the less popular fundamental analysis, the importance of which is increasing on internationals markets, especially fully-developed ones. Fundamental analysis is used for long-term predictions of values of future phenomena, based on historical data and any factors likely to affect the level of supply and demand. The final result of its use is an appraisal the true value of the subject of valuation, or so-called fundamental (intrinsic) value. Using this method to analyze, diagnose and forecast economic phenomena, as well as become familiar with the market in terms of its fundamentals, positively influences the process of taking investment measures and leads to a better understanding of the real estate market. The aim of the following study is to describe the possibility of applying fundamental analysis on the real estate market, based on the principles existing on capital markets. This article serves as an introduction to the subject-matter as well as the beginning of series of publications dedicated to different aspects of conducting fundamental analysis in the context of the real estate market.


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