scholarly journals Construction of social indicators using information measuring principles. Case study of real estate prices simulation model

2011 ◽  
Vol 52 ◽  
Author(s):  
Aleksandras Krylovas ◽  
Natalja Kosareva ◽  
Laura Gudelytė
Keyword(s):  
Real Estate ◽  
Simulation Model ◽  
Empirical Data ◽  
Social Indicators ◽  
Real Estate Market ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Testing Tool ◽  
Real Estate Prices

The article analyses the data concerning the real estate market of last years in Vilnius. The approach of dichotomous diagnostic operators as general testing tool creation from the empirical data is used and deterministic clusterization of catchments is provided. Based on this analysis, questionnaire concerning the information about catchment is constructed for the evaluation of aggregated appartment price.

scholarly journals Evaluation of the Applicability of Statistical Methods in Studies on Price Dynamics on the Real Estate Market

2013 ◽  
Vol 21 (1) ◽  
pp. 49-58 ◽  
Author(s):  
Sebastian Kokot ◽  
Marcin Bas
Keyword(s):  
Real Estate ◽  
Traditional Approach ◽  
Real Estate Market ◽  
Price Dynamics ◽  
The Real ◽  
The Real Estate ◽  
Transaction Prices ◽  
Time Period ◽  
The Real Estate Market ◽  
Real Estate Prices

Abstract The specific character of the real estate market is the reason why observations of transaction prices seen as statistical variables are taken in a non-standard way. In the traditional approach each time period or specific moments of time are attributed with one observation of a studied variable per one object. In the case of the real estate market, this is not possible since transactions relate to different objects, i.e., properties, and occur at irregular, or even random, moments. This is why traditional methods used to examine the dynamics of economic phenomena must be adapted to specific conditions on the real estate market. Keeping that in mind, the aim of this paper is to adapt classical statistical examination methods of dynamics to specific conditions of the real estate market followed by the actual examination of the dynamics of real estate prices in three sub-segments of the housing market in Szczecin. On its basis, the authors evaluate various methods of examining real estate price dynamics in terms of their applicability in real estate appraisal procedures and, in a broader perspective, present characteristic phenomena that can be observed on the real estate market.

scholarly journals Use of Statistical Models for Simulating Transactions on the Real Estate Market

2015 ◽  
Vol 23 (2) ◽  
pp. 102-111 ◽  
Author(s):  
Radosław Cellmer ◽  
Katarzyna Szczepankowska
Keyword(s):  
Probability Distribution ◽  
Real Estate ◽  
Statistical Models ◽  
Real Estate Market ◽  
Model Parameters ◽  
The Real ◽  
The Real Estate ◽  
Transaction Prices ◽  
The Real Estate Market ◽  
Real Estate Prices

Abstract The regularities and relations between real estate prices and the factors that shape them may be presented in the form of statistical models, thanks to which the diagnosis and prediction of prices is possible. A formal description of empirical observation presented in the form of regressive models also offers a possibility for creating certain phenomena in a virtual dimension. Market phenomena cannot be fully described with the use of determinist models, which clarify only a part of price variation. The predicted price is, in this situation, a special case of implementing a random function. Assuming that other implementations are also possible, regressive models may constitute a basis for simulation, which results in the procurement of a future image of the market. Simulation may refer both to real estate prices and transaction prices. The basis for price simulation may be familiarity with the structure of the analyzed market data. Assuming that this structure has a static character, simulation of real estate prices is performed on the basis of familiarity with the probability distribution and a generator of random numbers. The basis for price simulation is familiarity with model parameters and probability distribution of the random factor. The study presents the core and theoretical description of a transaction simulation on the real estate market, as well as the results of an experiment regarding transaction prices of office real estate located within the area of the city of Olsztyn. The result of the study is a collection of virtual real properties with known features and simulated prices, constituting a reflection of market processes which may take place in the near future. Comparison between the simulated characteristic and actual transactions in turn allows the correctness of the description of reality by the model to be verified.

scholarly journals The use of mean values for reporting real estate prices

2021 ◽  
Vol 64 (04) ◽  
pp. 513-532
Author(s):  
Melita Ulbl ◽  
Andraž Muhič
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Mean Values ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Special Challenge ◽  
The Republic ◽  
Real Estate Prices ◽  
The One

The proper and unambiguous reporting of the real estate market is one of the main requirements for ensuring its transparency. Reporting on the prices of real estate realised on the market is a special challenge here. For this purpose, averages are generally used, requiring both the reporter and the reader to be well acquainted with the rules of individual types of averages on the one hand and the specificities and heterogeneity of the real estate market on the other. In this paper, we present the specifics of individual mean values that can be used for this purpose. These characteristics are analysed in more detail and presented in the case of the Slovenian housing market. The purpose of this paper is to present the dilemmas faced in Slovenia when reporting on real estate prices on the market and present the solutions that the Surveying and Mapping Authority of the Republic of Slovenia will begin to introduce in its reports on the real estate market.

Local Investments Site Selection and the Behavior of the Real Estate Market – Case Study in Poland

2017 ◽  
Author(s):  
Monika Siejka
Keyword(s):  
Economic Development ◽  
Real Estate ◽  
Negative Impact ◽  
Real Estate Market ◽  
The European Union ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Real Estate Management

One of the main tasks of real estate management in the area of the municipality is making decisions concerning the location of investments on a local scale. These decisions should be taken with the principle of sustainable development. For such an action obliges Poland's membership in the European Union. Poland as a member of the EU is obliged to implement the rules in force in the Member States. Bearing in mind that any investment impact directly or indirectly on the economic development of the municipality, is therefore a significant impact on the local real estate market. Investments that have a negative impact on the environment can contribute to a reduction in the activity of the local real estate market. While performing tasks related to the economic development of the region and the increase in quality of life, increases the activity of the local real estate market. The work was carried out research on the dynamics of changes in the local real estate market in the area of the municipality Skrzyszow in the Malopolska province in Poland, in connection with the construction of the reservoir.

scholarly journals ANALYSIS OF PRICING FACTORS IN REAL ESTATE MARKET

2019 ◽  
Vol 6 (2) ◽  
pp. 79-85
Author(s):  
Maria Chernyshova ◽  
Arina Malenkaya ◽  
Tatyana Mezhuyeva
Keyword(s):  
Real Estate ◽  
Supply And Demand ◽  
Market Price ◽  
Real Estate Market ◽  
Physical Factors ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Pricing Factors ◽  
Real Estate Prices

In the real estate market price depends on supply and demand is formed under the influence of social, economic and physical factors. The article presents the results of the analysis of pricing factors in the real estate market, the forecast of real estate prices in 2019.

scholarly journals Research of the problems of project financing of construction of residential real estate using the escrow account mechanism

2021 ◽  
pp. 176-182
Author(s):  
I. A. Pantyukov ◽  
V. A. Opekunov
Keyword(s):  
Real Estate ◽  
Construction Projects ◽  
Real Estate Market ◽  
Federal Law ◽  
Pricing Policy ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Before And After ◽  
Shared Equity ◽  
Real Estate Prices

The article shows the current situation in the real estate market. The publication considers the main problems of financing investment and construction projects, as well as the use of the escrow account mechanism. The study also proposes the main ways to solve the existing issues. The main focus of the research paper is on the lack of explanations regarding the ability of banks to dispose of money in escrow accounts, credit conditions, as well as the growth in real estate prices when developers switch to a new mechanism of settlement with shareholders. In addition, the authors analysed the pricing policy of developers before and after amendments to Federal Law No. 214-FZ, dated on December 30, 2004 “On Participation in Shared-Equity Construction of Apartment Buildings and Other Real Estate Objects and on Amendments to Certain Legislative Acts of the Russian Federation”. The study presents the possible consequences of introducing amendments to the law, switching to escrow accounts.

scholarly journals Moradia popular, ocupações e propriedade no centro de São Paulo: a trajetória de uma família e de um edifício / Low income housing, squatting and property in downtown São Paulo: the trajectory of a family and a building

2020 ◽  
Vol 12 (4) ◽  
pp. 508-527
Author(s):  
Renato Cymbalista
Keyword(s):  
Real Estate ◽  
Low Income ◽  
Real Estate Market ◽  
Sao Paulo ◽  
São Paulo ◽  
The Real Estate ◽  
The Real Estate Market ◽  
History Of ◽  
Migrant Family

ResumoO artigo tem como objetivo problematizar a diversidade interna dentro da categoria “ocupação urbana”, apontando para um universo pouco explorado de ocupações não protagonizadas pelos movimentos organizados de luta por moradia. O trabalho levanta a literatura existente sobre as diferentes formas de ocupação e trata de um estudo de caso, a história de um edifício que em 2020 existe como uma ocupação, mas que não se encaixa na categoria de ocupação organizada. Recupera a história do edifício e das tensões em torno da propriedade e da gestão, mobilizando também a história de uma família migrante de baixa renda que optou por morar sempre no centro de São Paulo, e passou por diversas situações de moradia em sua trajetória, incluindo uma passagem por esse edifício. Dessa narrativa emergem sujeitos sociais com papéis mais fluidos e menos pré-definidos, edifícios que mudam de caráter conforme a micropolítica vai se transformando, apresentando desafios específicos para o Estado, as políticas públicas e os marcos interpretativos. Uma situação que exige olharmos para as franjas do mercado imobiliário e da propriedade urbana.Palavras-Chave: Moradia, Habitação, São Paulo, Ocupações Urbanas, Cortiços. AbstractThe article aims to problematize internal diversity within the category "ocupação urbana" (urban squatting), pointing to a little explored universe of occupations not involved in organized movements of struggle for housing. The work analyses the existing literature on the different forms of occupation and deals with a case study, the history of a building that in 2020 exists as a squatted house that does not fit into the category of organized occupation. It retrieves the history of the building and the tensions surrounding property and management, also mobilizing the story of a low-income migrant family who chose to live always in downtown São Paulo, and went through several housing situations along their trajectory, including a passage through that building. From this narrative, social subjects emerge with more fluid and less predefined roles, buildings that change their character as micropolitics changes, presenting specific challenges for the State, public policies and interpretative frameworks. A situation that requires looking at the fringes of the real estate market and urban property.Keywords: Housing, São Paulo, Urban squatting, Tenement Houses

Normalisation of the Speculative Frame Method and Its Application to the Housing Market in Poland

2021 ◽  
Vol 8 (1) ◽  
pp. 36-46
Author(s):  
Justyna Brzezicka ◽  
◽  
Radosław Wisniewski ◽  
Keyword(s):  
Real Estate ◽  
Housing Market ◽  
Time Series Data ◽  
Real Estate Market ◽  
Series Data ◽  
Data Sets ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Frame Method ◽  
Real Estate Prices

This article proposes the normalisation of the speculative frame method for identifying real estate bubbles, price shocks, and other disturbances in the real estate market. This index-based method relies on time series data and real estate prices. In this article, the speculative frame method was elaborated and normalised with the use of equations for normalising data sets and research methodologies. The method is discussed on the example of the Polish housing market.

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