scholarly journals Ocena działalności polskich funduszy nieruchomości likwidowanych w planowanych terminach

2017 ◽  
Vol 1 (3) ◽  
Author(s):  
Artur Arkadiusz Trzebiński
Keyword(s):  
Real Estate ◽  
Research Methods ◽  
Business Models ◽  
Financial Analysis ◽  
Investment Strategies ◽  
The Real ◽  
The Real Estate ◽  
Low Efficiency

Aim: The purpose of this article is to assess the efficiency of management of real estate funds by managers and profitability of funds.Design / Research methods: The study used elements of financial analysis and case studies.Conclusions / findings: The results of the survey indicate the low yields of the real estate funds surveyed (only one fund brought profits to the investors, the remaining 5 losses) and the low efficiency of the managers and the high cost-of-operation of the real estate funds. The research has shown the low effectiveness of investment strategies and business models that require changes and other solutions.Originality / value of the article: The study covered the real estate funds that were liquidated or liquidated started in the managerial terms, which allows to assess the effectiveness of managers at every stage of life funds. The research is a continuation of the author's earlier research. According to author's knowledge, no similar studies have been published so far.

scholarly journals EVALUACIÓN, COMPARACIÓN Y COMPORTAMIENTO DE LOS PRINCIPALES INDICADORES FINANCIEROS DE LAS PYMES DEL SECTOR INMOBILIARIO DE LA ECONOMÍA COLOMBIANA PARA LOS AÑOS 2016 – 2018

2019 ◽  
Vol 11 ◽  
pp. 127-152
Author(s):  
MIGUEL LESMES ◽  
◽  
SHARLEEN OSPINA
Keyword(s):  
Real Estate ◽  
Financial Performance ◽  
Low Income ◽  
Financial Analysis ◽  
State Sector ◽  
The Real ◽  
The Real Estate ◽  
Financial Condition ◽  
Real Estate Sector ◽  
A Company

Deficiencies in strategic, administrative, productive or financial performance make many organizations more vulnerable to financial imbalance, generally characterized by insolvency and low liquidity. It is therefore necessary for management to have a constant and thorough knowledge of the economic and financial condition of its sector, which allows it to detect errors in time and apply the necessary corrections, predict the future and make better decisions. The financial analysis or diagnosis is the most effective tool to evaluate the economic and financial performance of a company throughout a specific exercise and thus, to compare its results with those of other companies in the same sec- tor and with similar characteristics. The evaluation of the indicators of the SME real estate sector is not carried out, and as a consequence there is no tool that allows an adequate decision making by the top manage- ment of a company. On the other hand, it is possible to evidence that the exogenous variables that affect the real state sector such as the devaluation of the peso against the dollar influence many indicators of the EEFF. The real estate sector in Colombia has had a contraction in the GDP in the order of -2.1% for the years 2017-2018, all this is due to excess supply, a phenomenon that occurs in both high and low income strata; there is a supply that is exceeding demand in the sector and this affects the sector significantly.

scholarly journals The Effect of Taxation on Investment Demand in the Real Estate Market: The Italian Experience

Buildings ◽  
2020 ◽  
Vol 10 (7) ◽  
pp. 115 ◽  
Author(s):  
Benedetto Manganelli ◽  
Pierluigi Morano ◽  
Paolo Rosato ◽  
Pierfrancesco De Paola
Keyword(s):  
Real Estate ◽  
Financial Analysis ◽  
Real Estate Market ◽  
Tax Rates ◽  
The Real ◽  
The Real Estate ◽  
Italian Experience ◽  
The Real Estate Market ◽  
Close Relationship ◽  
Estate Property

This study investigates the effect that property taxation has on investment in the real estate market. There is a close relationship between investments in the real estate market and taxes, local communities, public policies and economic development. The analysis was developed with reference to the Italian real estate market and its tax regime. In Italy, taxation on real estate affects possession, transfers and income. These three tax rates vary according to the subjects who exchange assets and manage them, to the intended use of the real estate property and to the options for choosing the type of tax regime permitted by law. On the basis of these parameters, a financial analysis of real estate investment is constructed and simulated in order to understand to which types of taxation investment is most sensitive. The results showed that a change in income taxation can have an important effect on the investment choice. This evidence may also suggest fiscal policy actions aimed at stimulating the real estate market.

scholarly journals Transformation of the real estate and construction industry: empirical findings from Germany

2020 ◽  
Vol 90 (7) ◽  
pp. 975-1019 ◽  
Author(s):  
Andreas Pfnür ◽  
Benjamin Wagner
Keyword(s):  
Real Estate ◽  
Construction Industry ◽  
Value Creation ◽  
Business Models ◽  
Service Providers ◽  
Adaptation Strategies ◽  
Real Estate Industry ◽  
The Real ◽  
The Real Estate ◽  
The Impact

Abstract The German real estate and construction industry is facing a transformation, triggered by fundamental changes in technology, the economy and society. The purpose of this paper is to explore how these changes exert pressure to adapt on existing business models, while also offering opportunities for their further development. A model that attributes the transformation of the real estate industry to megatrends, specific structural change drivers, business models and the interaction of the groups of players in the value creation system is developed. The model is tested empirically by a survey. Structural equation modelling is used to measure the impact of various determinants of transformation and the relevance of adaptation strategies to the different groups of players. As a result, the study explains three impact mechanisms of the transformation in the real estate industry. The transformation originates from the occupiers, who need more flexible space and are focusing on holistic solutions that are not provided by the real estate industry. Service providers are striving to increase the efficiency of their traditional processes, rather than evolving new business models or services. The investors recognise the increasing importance of the occupiers but they are rarely pursuing the resulting strategies. Property developers recognise these requirements: their adaptation strategies most strongly question their previous business. For practitioners, the results point out the opportunities and risks of transformation and help to illustrate the need for change. For academicians, the results indicate a way to explain and measure the transformation of a value creation system.

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