The Impact of Upgrading Municipal Infrastructure on Property Prices: Evidence from Brazil

2017 ◽  
Author(s):  
Paloma Acevedo ◽  
Jason A. Hobbs ◽  
Sebastián Martínez
Keyword(s):  
Property Prices ◽  
The Impact

Assessing Impact of Freshwater Lake Ecosystem on Residential Property Prices using Hedonic Property Pricing approach: Evidence from Vellayanilake of Kerala

2020 ◽  
pp. 125-130
Keyword(s):  
Economic Effect ◽  
Lake Ecosystem ◽  
Aesthetic Value ◽  
Market Prices ◽  
Scenic Beauty ◽  
Property Prices ◽  
Property Price ◽  
Valuation Technique ◽  
Hedonic Property ◽  
The Impact

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.

scholarly journals Investigating the Impact of Airport Noise and Land Use Restrictions on House Prices: Evidence from Selected Regional Airports in Poland

2019 ◽  
Vol 11 (2) ◽  
pp. 412 ◽  
Author(s):  
Jacek Batóg ◽  
Iwona Foryś ◽  
Radosław Gaca ◽  
Michał Głuszak ◽  
Jan Konowalczuk
Keyword(s):  
Land Use ◽  
Environmental Sustainability ◽  
House Prices ◽  
Policy Implications ◽  
Property Value ◽  
Property Prices ◽  
Value Loss ◽  
Housing Submarkets ◽  
Regional Airports ◽  
The Impact

In this paper, we investigate the influence of airport operation on property prices. In this research, we apply spatial hedonic regression and a difference-in-differences approach to address the introduction of new land use restrictions on property prices. We use data on housing transactions from two housing submarkets around regional airports in Poland. The results suggest that the introduction of land use restrictions impacts property prices. In general, as expected, more rigid restrictions translate into higher discounts in property prices. This research contributes to the limited knowledge on the impact of the introduction of land use restrictions on property prices, as most previous papers have focused solely on the impact of noise. These findings must be treated with caution, as some estimates were not statistically significant, mainly due to limited sample size. The research has important policy implications. Growing airports in Poland face tensions between economic and environmental sustainability. Currently, airports in Poland are obliged to limit their environmental impact by creating limited use areas related to the aircraft related noise while being responsible for property value loss related to these restrictions. As a consequence, most regional airports face significant compensations to property owners.

scholarly journals Spillover Effect of Global Financial Cycle To Asset Markets in Asean-5 Countries: A Structural VAR Approach

2018 ◽  
Vol 2 (02) ◽  
pp. 1
Author(s):  
Sri Andaiyani ◽  
Telisa Aulia Falianty
Keyword(s):  
Risk Aversion ◽  
Capital Flows ◽  
Asset Prices ◽  
Emerging Market ◽  
Structural Var ◽  
Asset Markets ◽  
Equity Prices ◽  
Financial Cycle ◽  
Property Prices ◽  
The Impact

<p><em>An upsurge and volatility of capital flows to Emerging Asian Economies indicated that there is the potential effect of global financial cycle to emerging market. It provides an overview of investor risk aversion in short term investment after financial crisis 2008. Global financial cycle could have a significant impact to asset prices, including equity prices and property prices. Rey (2015) has triggered an interesting discussion about global financial cycle. She found that there was a global financial cycle in capital flows, asset prices and credit growth. This cycle was co</em><em>‐</em><em>moves with the VIX, a measure of uncertainty and risk aversion of the markets. Therefore, this study attempts to analyze empirically global financial cycle shocks, measured by the VIX, on equity prices and property prices in ASEAN-5, namely Indonesia, Malaysia, Singapore, Thailand and Philippines. We estimate quarterly frequency data from Q1 1990 to Q2 2016 with Structural Vector Autoregressive (SVAR) approach. The result of this study showed that global financial cycle has a negative significant impact on the ASEAN-5 asset markets, in spite of the response of shock differs by country and size. This result is consistent with ASEAN-5 as small open economies that remain vulnerable to the global factor. This study contributes to the literature in several ways. First, we identify not only cyclical expansions or contraction in asset markets but also the impact of global financial cycle to asset markets in ASEAN-5 countries. Second, we investigate whether there are heterogeneous responses of ASEAN-5 countries to global financial cycle shocks. Third, we also identify the pattern of cycle in ASEAN-5 countries</em>.</p><p><strong><em>J</em></strong><strong><em>EL Classification: </em></strong>F30, F37, F42</p><strong><em>Keywords: </em></strong><em>ASEAN, Asset Markets, Global Financial Cycle, SVAR</em>

Aspects of sensitivity analysis on NAV valuation in Real Estate sector – A case on Prajay Engineers Syndicate

2015 ◽  
Vol 1 (3) ◽  
pp. 44-52 ◽  
Author(s):  
Prabhat Mittal
Keyword(s):  
Sensitivity Analysis ◽  
Real Estate ◽  
Construction Cost ◽  
Valuation Model ◽  
Property Prices ◽  
Real Estate Sector ◽  
Asset Values ◽  
Near Term ◽  
Real Estate Company ◽  
The Impact

Valuation of property prices has become challenging for many real estate companies in India. Many companies have just entered to market and hence lack proven track records, their land banks and Net Asset values NAVs are not mature and carry regulatory and disclosure risks. NAVs are used as standard valuation benchmark for at least the near term. The present study in the paper is an attempt to create a valuation model for a real estate company. Sensitivity analysis of increase in cost of property prices and construction cost on the valuation has also been achieved to see the impact on the NAVs

Cyprus will try to improve tarnished image in West

2019 ◽  
Keyword(s):  
United States ◽  
Natural Gas ◽  
The United States ◽  
Small Contribution ◽  
Construction Sector ◽  
Foreign Nationals ◽  
Content Type ◽  
Property Prices ◽  
Investment Programme ◽  
The Impact

Subject Nicosia’s decision to revoke the citizenship of 26 foreign nationals. Significance Cyprus has tightened up its Citizenship by Investment Programme (CIP) with regard to certain controversial individuals out of a desire to strengthen relations with the United States and EU. This is particularly important given Turkish efforts to prevent Cyprus exploring for natural gas in its waters. Impacts According to a finance ministry study, CIP made a positive but relatively small contribution to GDP during 2013-18. The construction sector benefited in particular, with employment rising by about 8%. The effect on property prices seems largely to have been confined to Limassol. The impact on Cypriot banking amounted largely to stabilising the sector and providing a new source of finance during the banking crisis.

scholarly journals DOES REAL ESTATE TRANSPARENCY MATTER FOR FOREIGN REAL ESTATE INVESTMENTS?

2014 ◽  
Vol 18 (4) ◽  
pp. 317-331 ◽  
Author(s):  
Mohammad Reza Farzanegan ◽  
Hassan Gholipour Fereidouni
Keyword(s):  
Real Estate ◽  
Method Of Moments ◽  
Generalized Method Of Moments ◽  
Local Property ◽  
Property Prices ◽  
Real Estate Investments ◽  
Free Flow Of Information ◽  
The Impact ◽  
Flow Of Information ◽  
Consistent Application

The purpose of this paper is to examine the impact of real estate transparency (RET) on foreign real estate investments (FREI). Most of the previous studies have argued that the free flow of information and the fair and consistent application of local property laws could attract greater amounts of FREI. Using observations from 32 countries covering 2004, 2006, 2008 and 2010 and applying fixed-effect and the generalized method of moments (GMM) techniques, our empirical results reveal that RET is not a major determinant of FREI. However, we find that the effect of RET on FREI is dependent on its interaction with the level of income implying that the higher the level of income in the host country, the higher the effect of RET on FREI. Finally, the results show that foreign direct investment (FDI) in other sector, market size and property prices are important determinants of FREI.

scholarly journals PENGARUH VARIABEL MAKROPRUDENSIAL DAN MONETER TERHADAP HARGA PROPERTI DI INDONESIA

2018 ◽  
Vol 7 (1) ◽  
pp. 11
Author(s):  
Apri Yunita ◽  
Hasdi Aimon ◽  
Dewi Zaini Putri
Keyword(s):  
Time Series ◽  
Interest Rate ◽  
Least Square ◽  
Least Square Estimation ◽  
Quarterly Data ◽  
Ordinary Least Square ◽  
Property Prices ◽  
New Strategy ◽  
The Impact

The research aims to see the impact as simultaneous and partial of Loan To Value (LTV), interest rate, and inflation to property prices in Indonesia. The type of data in studies are time series in quarterly data from first quarterly of 2008 to second quarterly of 2016. By using ordinary least square , estimation results show that LTV and interest rate partially have positive and significant impact on property prices in Indonesia. Meanwhile, inflation has negative but not significant on property prices in Indonesia. The suggestion about the the next research is give additional variables or other indication that have impact to property prices in Indonesia. Furthermore, Banks with property loan should arrange new strategy like reduce down payment or provide installments without down payment to homeless society. So that, the mortage growth can be sustained and speculator financing that causes an increase in property prices can be avoided.

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