scholarly journals Prediction of prices in housing market with the correlation-regression methods

2017 ◽  
Vol 7 (4) ◽  
pp. 399-406
Author(s):  
Miragha Ahmadov
Keyword(s):  
Real Estate ◽  
National Economy ◽  
Developed Countries ◽  
Real Estate Market ◽  
Local Market ◽  
Secondary Markets ◽  
Economic Relations ◽  
The Real Estate ◽  
Regression Methods ◽  
The Republic

In the present paper, the positive dynamics in activity in the construction sector and real estate market is analyzed and is noted that it is required to increase the amount of provided realtor services and the improvement of quality to consumers. We should note that the analyzes of the paper allow one to assess productive characteristics and closeness of relationships between various factors (the price per 1 m2 of residential real estate in the primary and secondary markets). Unfortunately, in the Republic of Azerbaijan offering the formation of such a mechanism is impossible. İn the real estate market often we meet inexperienced brokers and sometimes buying and selling operations are accompanied by the risks and losses, including speculative transactions. Of course, in our country, there is a need to establish a system that has been adapted to the characteristics of the local market and similar to the above-mentioned system. It should be noted that the level of real estate services market and its development, the characteristics of the national economy and improving its structure reflects the level of development. It is no coincidence that in the context of the realities of real estate market in many of developed countries the formation of a market economy and the deepening of economic relations are reviewed as important factors stimulating the development of other sectors of the national economy. Azerbaijan's real estate market would be advisable to use more advanced methods to study the experience of foreign countries in this field and it would be very useful to take serious steps to benefit from it.

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.

scholarly journals Priorities of Management of Real Estate Objects by Service Organizations in the Republic of Uzbekistan and Forecast Parameters of Performance Indicators

2020 ◽  
Vol 6 (12) ◽  
pp. 313-320
Author(s):  
V. Yodgorov ◽  
D. Mirdjalilova
Keyword(s):  
Life Cycle ◽  
Real Estate ◽  
Performance Indicators ◽  
Service Organizations ◽  
Educational Institutions ◽  
Social Significance ◽  
Economic Relations ◽  
The Real Estate ◽  
The Republic ◽  
Real Estate Management

Real estate has always played an important role in the system of social and economic relations. The result of the life and activities of persons employed in any area of business depends on the efficiency of the functional functioning of the property. The property is part of a property of relatively high value and social significance. Hence, the complexity of real estate, the variety of opportunities for its movement in the market requires the creation of a system that covers all stages of the real estate life cycle, creates a unified system for planning performance indicators and target liquidity indicators for various real estate objects, and ensures effective real estate management. The article analyzes the costs of operating buildings and structures belonging to state higher educational institutions of the country and identifies the priorities for managing real estate by servicing organizations.

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 Foreign experience of real estate mass appraisal

2021 ◽  
pp. 3-12
Author(s):  
M.I. Bondar ◽  
А.A. Kulyk
Keyword(s):  
Real Estate ◽  
Information Needs ◽  
The United States ◽  
Real Estate Market ◽  
Local Market ◽  
Appraisal System ◽  
Accounting Systems ◽  
The Real Estate ◽  
Foreign Experience ◽  
Appraisal Systems

The article examines foreign experience in the formation and functioning of mass assessment systems on the example of individual countries. The sample of countries, on the one hand, includes the United States and Sweden as countries where the mass appraisal system has been successfully functioning for decades, and on the other hand, Lithuania, Slovenia, Belarus and Poland, where the formation of a mass appraisal system began only in the late 20th – early 21st centuries. The article covers a comparative analysis and generalization of key aspects of mass appraisal systems of selected countries such as legislative regulation of mass appraisal, administration of the mass appraisal process in the context of the division of functions and powers between key entities, accounting and analysis of input information on the economic and physical-technical characteristics of real estate objects, the use of appraisal approaches and methods for evaluating certain types of real estate, etc. As the world experience shows, the models and procedures of mass appraisal form the basis of modern value-based systems of real estate taxation, since they allow to effectively solving the problems of simultaneously evaluating a large number of objects in conditions of limited time and financial resources. That is why the results of the mass appraisal are primarily used for tax purposes, in particular, to determine the tax base for real estate tax. In some countries, the results of mass appraisal are additionally used in banking and insurance activities, as well as for the purpose of accounting and taxation of real estate in inheritance or donation, etc. Based on the analysis of foreign experience, the article discusses the problems and prospects of introducing a mass appraisal system in Ukraine, in particular, the emphasis is on the lack of appropriate legislative resolution, low openness and transparency of the real estate market, the inconsistency of existing real estate accounting registers with the information needs of mass appraisal, etc. Further research will be directed in the following directions. Firstly, the study of accounting systems for transactions with real estate and accounting systems for the physical-technical characteristics of real estate, corresponding to the information requests of the mass appraisal. Secondly, research of methods and models, development of mass appraisal procedures in accordance with the peculiarities of the local market using as the example the residential real estate market of one of Kyiv districts.

scholarly journals Kryzys mieszkaniowy w wybranych krajach Europy i w Stanach Zjednoczonych

2021 ◽  
pp. 41-54
Author(s):  
Pola Latko
Keyword(s):  
Real Estate ◽  
Developed Countries ◽  
The United States ◽  
Real Estate Market ◽  
European Countries ◽  
Housing Crisis ◽  
Human Right ◽  
The Real Estate ◽  
Real Estate Bubble ◽  
The Usa

W artykule poddaję analizie sytuację mieszkaniową w wybranych państwach Europy i w Stanach Zjednoczonych. Artykuł został podzielony na kilka części opisujących przyczyny i skutki kryzysu hipotecznego w Stanach Zjednoczonych, bezdomności pracowników Doliny Krzemowej, „pęknięcia” bańki mieszkaniowej w Hiszpanii, problemów mieszkaniowych na Wyspach Brytyjskich (pustostany w Londynie i kryzys wynajmu w Irlandii), buntu lokatorskiego w Berlinie i ubóstwa mieszkaniowego w Polsce. We wstępie uzasadniam, dlaczego mieszkanie powinno być postrzegane jako prawo człowieka, a nie towar. Zwracam uwagę na to, że od lat 80. XX wieku rządy państw rozwiniętych wycofywały się z zarządzania gospodarką mieszkaniową, pozwalając na jej regulację mechanizmom rynkowym. W każdym z omawianych państw doprowadziło to do znacznego wzrostu cen nieruchomości i wynajmu oraz napływu kapitału spekulacyjnego. Jako odmienny przykład wskazuję Wiedeń, gdzie rynek nieruchomości jest wciąż regulowany przez miasto i dzięki temu zdołano uniknąć tego scenariusza. Housing crisis in selected European countries and in the USA In this article I analyze the housing situation in selected European countries and in the USA. The article is divided into several parts in which I describe causes and effects of the mortgage crisis in the United States, homelessness of Silicon Valley workers, the Spanish real estate bubble “burst”, housing problems in the British Isles (vacancies in London and the rental crisis in Ireland), the tenant revolt in Berlin and housing poverty in Poland. In the introduction I justify why housing should be seen as a human right and not as a commodity. I note that since the 1980s governments of developed countries have withdrawn from housing management, allowing it to be regulated by market mechanisms. In each of the countries under review, this has led to a significant increase in property and rental prices as well as an inflow of venture capital. As an opposite example, I mention Vienna, where the real estate market is still regulated by the city, thus it managed to avoid this scenario.

scholarly journals Facility Management as a Concept to Support Real Estate Management

2015 ◽  
Vol 16 (1) ◽  
pp. 141-160
Author(s):  
Marcin Sitek
Keyword(s):  
Real Estate ◽  
Real Estate Market ◽  
Facility Management ◽  
Local Market ◽  
The Real ◽  
The Real Estate ◽  
Investment Projects ◽  
The Real Estate Market ◽  
Estate Management ◽  
Real Estate Management

AbstractThe focus of the study is on contemporary concept of Facility Management (FM) that supports processes of management, especially real estate management. The study attempted to analyse the assumptions of standardization of real estate management within the FM concept. Analysis of the situation in the real estate market in Poland in 2013 showed the necessity of implementation of effective management, which concerns not only investment projects, but, particularly, the area of management of facilities and innovations, and taking measures aimed at increasing the value of real estate. The role and opportunities offered by certain contemporary methods of real estate management (benchmarking and outsourcing) have been discussed, particularly in terms of management of auxiliary processes. The study presented situation in the local construction sector and developer enterprises in Poland, particularly in terms of taking measures concerning formation of demand and customer preferences in the real estate market. The results obtained in the study were used to analyse situation in the market of real estate in Częstochowa, Poland, stimulated directly by tendencies observed in this local market and suggest the necessity of proper management of auxiliary processes, which will substantially contribute to improvement of enterprises’ operation.

Coordination Degree Analysis of Real Estate Investment and the National Economy in China - Based on Principal Component Analysis Method

2013 ◽  
Vol 753-755 ◽  
pp. 2870-2874
Author(s):  
Lian Fa Ruan ◽  
Long Jiang Shen
Keyword(s):  
Principal Component Analysis ◽  
Real Estate ◽  
National Economy ◽  
Principal Component ◽  
Component Analysis ◽  
Real Estate Market ◽  
Real Estate Investment ◽  
The Real ◽  
The Real Estate ◽  
Coordination Degree

Starting from six indicators like the ratio of the real estate investment growth and GDP growth etc., this article analyses the coordination degree of real estate investment and national economy with principal component analysis, and obtains the coordination index. Using 3σ method, the authors calculate the mean and standard deviation of the principal component indicator data, and then establish an early warning interval for real estate market . The results show that the real estate investment is a little excessive in recent years but the coordination degree between the real estate industry and the national economy is generally stable in China. Further investigations indicate that the change of the coordination index of the commercial housing sub-market is consistent with the whole commercial building market, but the one of the non-residential building is opposite to the total CB's.

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