IRS Rules No Property‐Price Manipulation in Self‐Dealing Case

ABSTRACT The ecosystem services provided by wetlands can be direct or indirect. The direct services can be mostly valued through market prices, but the indirect service like aesthetic beauty and its impact on property prices surrounding the natural resource cannot be directly measured. To single out the economic effect of particular amenity which influenced the land property prices, the advanced valuation technique Hedonic property pricing was most popularly used. In this study, it was attempted to assess using the hedonic property pricing technique, the impact of the presence of the freshwater body, the Vellayani Lake on land property prices surrounding it. The results revealed that the marginal implicit price of getting one cent of land with lake view evaluated at mean property price of Rs. 2,44250 was Rs.79171. The total aesthetic value of land with the scenic beauty of the lake was Rs. 275.92 crores.

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Real-Estate Derivatives

10.1093/oso/9780198742920.001.0001 ◽

2017 ◽

Author(s):

Radu S. Tunaru

Keyword(s):

Real Estate ◽

Financial Markets ◽

Investment Banks ◽

Financial Instruments ◽

Stress Tests ◽

Real World Data ◽

No Arbitrage ◽

New Frontier ◽

Property Price ◽

Comparative Description

This book brings together the latest concepts and models in real-estate derivatives, the new frontier in financial markets. The importance of real-estate derivatives in managing property price risk that has destabilized economies frequently in the last hundred years has been brought into the limelight by Robert Shiller over the last three decades. In spite of his masterful campaign for the introduction of real-estate derivatives, these financial instruments are still in a state of infancy. This book aims to provide a state-of-the-art overview of real-estate derivatives at this moment in time, covering the description of these financial products, their applications, and the most important models proposed in the literature in this area. In order to facilitate a better understanding of the situations when these products can be successfully used, ancillary topics such as real-estate indices, mortgages, securitization, and equity release mortgages are also discussed. The book is designed to pay attention to the econometric aspects of realestate index prices, time series, and also to financial engineering no-arbitrage principles governing pricing of derivatives. The emphasis is on understanding the financial instruments through their mechanics and comparative description. The examples are based on real-world data from exchanges or frommajor investment banks or financial houses in London. The numerical analysis is easily replicable with Excel and Matlab. This is the most advanced published book in this area, combining practical relevance with intellectual rigour. Real-estate derivatives will become important for managing macro risks in order to pass stress tests imposed by regulators.

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Evaluating the Effect of the Financial Status to the Mobility Customs

ISPRS International Journal of Geo-Information ◽

10.3390/ijgi10050328 ◽

2021 ◽

Vol 10 (5) ◽

pp. 328

Author(s):

Gergo Pintér ◽

Imre Felde

Keyword(s):

Socioeconomic Status ◽

Economic Status ◽

Housing Prices ◽

Principal Component ◽

Cellular Phone ◽

Radius Of Gyration ◽

Financial Status ◽

Property Price ◽

Statistical Relationships ◽

Commuting Patterns

In this article, we explore the relationship between cellular phone data and housing prices in Budapest, Hungary. We determine mobility indicators from one months of Call Detail Records (CDR) data, while the property price data are used to characterize the socioeconomic status at the Capital of Hungary. First, we validated the proposed methodology by comparing the Home and Work locations estimation and the commuting patterns derived from the cellular network dataset with reports of the national mini census. We investigated the statistical relationships between mobile phone indicators, such as Radius of Gyration, the distance between Home and Work locations or the Entropy of visited cells, and measures of economic status based on housing prices. Our findings show that the mobility correlates significantly with the socioeconomic status. We performed Principal Component Analysis (PCA) on combined vectors of mobility indicators in order to characterize the dependence of mobility habits on socioeconomic status. The results of the PCA investigation showed remarkable correlation of housing prices and mobility customs.

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A Review of Recent Empirical Studies on Property Price Gradients

Journal of Real Estate Literature ◽

10.1080/10835547.2004.12090146 ◽

2004 ◽

Vol 12 (3) ◽

pp. 305-322

Author(s):

C Yiu ◽

C Tam

Keyword(s):

Empirical Studies ◽

Property Price

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Compilation of Commercial Property Price Indices for Germany Tailored for Policy Use

Jahrbücher für Nationalökonomie und Statistik ◽

10.1515/jbnst-2019-0072 ◽

2021 ◽

Vol 0 (0) ◽

Author(s):

Thomas A. Knetsch

Keyword(s):

Time Series ◽

Real Estate ◽

Commercial Real Estate ◽

German Population ◽

Price Indices ◽

Commercial Property ◽

Price Increases ◽

Comprehensive Data ◽

Property Price ◽

Existing Data

Abstract The compilation of commercial property price indices (CPPIs) is challenging. Policymakers urge for timely, reliable and comprehensive data. In Germany, lack of data prevents the calculation of official figures by the national statistical authority. Different applications of price indices need different definitions of commercial real estate. CPPIs according to these definitions are constructed on the basis of existing data for 127 German towns and cities (that cover about one-third of German population). The overall price developments revealed by the various indices are rather similar in terms of central time series characteristics, while differences in detail can be explained by their specific compositions. Price increases for all definitions have been strongest in the seven largest cities. The definitions tend to lead to more marked differences for medium-sized towns.

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