scholarly journals Classifying Residential Real Estate Based on Their Exposure to Crime: a Research Agenda

2017 ◽  
Author(s):  
Sara C. R. Marques ◽  
Fernando A. F. Ferreira ◽  
Ieva Meidutė-Kavaliauskienė
Keyword(s):  
Real Estate ◽  
Research Agenda ◽  
Cognitive Mapping ◽  
Daily Basis ◽  
Residential Real Estate ◽  
Residential Areas ◽  
Sense Of Security ◽  
Evaluation Mechanism ◽  
The Mind

Criminality and sense of security in residential areas are always present in the mind of citizens, and directly affect the work of police authorities, real estate agents and society at large. This study proposes the development of a multiple criteria model for the classification of residential areas based on their exposure to crime. By combining cognitive mapping with the Measuring Attractiveness by a Categorical Based Evaluation Technique (MACBETH), we also aim to increase transparency in the classification process of residential real estate, allowing improvement initiatives to be applied and crime rates to be reduced. The major difference between our proposal and the extant literature is the fact that the information collected from criminal, urbanism and real estate experts, who deal with crime adversities on a daily basis, will be analyzed and discussed during presential group meetings, allowing realism to be incorporated into the evaluation mechanism. The current proposal is a research agenda, and results will not yet be presented.

scholarly journals IDENTIFYING KEY DETERMINANTS OF HOUSING SALES AND TIME-ON-THE-MARKET (TOM) USING FUZZY COGNITIVE MAPPING

2015 ◽  
Vol 19 (3) ◽  
pp. 235-244 ◽  
Author(s):  
Fernando A. F. FERREIRA ◽  
Marjan S. JALALI
Keyword(s):  
Real Estate ◽  
Cognitive Mapping ◽  
Cognitive Maps ◽  
Fuzzy Cognitive Maps ◽  
Residential Real Estate ◽  
Residential Housing ◽  
Fuzzy Cognitive Mapping ◽  
Time On The Market ◽  
Home Sales ◽  
Housing Attributes

Price and residential housing attributes have long been identified as key determinants of home sales and, as such, they can explain time-on-the-market (TOM). It is acknowledged, however, that there are other factors (or determinants) that influence home sales and TOM, which are of great importance but seldom taken into account in the appraisal process of residential real estate. Based on the use of fuzzy cognitive mapping, we propose a framework that adds value to the way that key determinants of housing sales and TOM are identified. This framework is the result of a process involving several residential real estate experts (i.e.appraisers and realtors), and follows a constructivist approach. Our findings suggest that the use of fuzzy cognitive maps (FCMs) allows the number of omitted determinants to be reduced and the understanding of the relationships between them to be improved. The strengths and weaknesses of our methodological framework are also discussed.

scholarly journals FOR SALE… BUT FOR HOW LONG? A METHODOLOGICAL PROPOSAL FOR ESTIMATING TIME-ON-THE-MARKET

2015 ◽  
Vol 19 (4) ◽  
pp. 309-324 ◽  
Author(s):  
Vanda C. S. MARTINS ◽  
Marlene N. M. FILIPE ◽  
Fernando A. F. FERREIRA ◽  
Marjan S. JALALI ◽  
Nelson J. S. ANTÓNIO
Keyword(s):  
Real Estate ◽  
Evaluation System ◽  
Socioeconomic Development ◽  
Cognitive Mapping ◽  
Real Estate Market ◽  
Residential Real Estate ◽  
Analytic Hierarchy ◽  
The Real Estate ◽  
Time On The Market ◽  
Measurement Framework

Residential real estate assumes crucial importance in a country's socioeconomic development. It is an important field of study, and much work has gone into better understanding the sector and the factors determining sales within it, such as time-on-the-market (TOM). TOM can be influenced by a variety of elements; a fact that in effect raises a lot of issues, because these determinants are often interpreted in an ambiguous or unstructured way. This study aims to bring greater accuracy and structure to our understanding of these factors, by showing that the integrated use of cognitive mapping with the Analytic Hierarchy Process (AHP) can give rise to a conceptually coherent and empirically valid framework to calculate TOM indices in the residential real estate market. Because it takes into account both tangible and intangible characteristics of a house, this measurement framework also boosts strategic planning support and allows for more informed business planning, which we believe can be a real contribution to the development of the real estate market. The practical implications and limitations of this evaluation system are also discussed.

scholarly journals Creating an image in real estate advertising texts

2020 ◽  
Vol 25 (2) ◽  
pp. 367-373
Author(s):  
Dmitry S. Sknarev ◽  
Elizaveta V. Muzykant
Keyword(s):  
Real Estate ◽  
Online Advertising ◽  
Brand Names ◽  
Semantic Interpretation ◽  
Marketing Communications ◽  
Residential Real Estate ◽  
Residential Areas ◽  
Continuous Sampling ◽  
Product Image ◽  
Real Estate Advertising

This article presents some results obtained in the study of the advertising image characteristics in marketing communications (on the example of Russian residential real estate advertising). The study materials present print media advertising and online advertising, as well as construction companies and residential areas websites. To achieve the goal, a survey, analytical, theoretical, systemic, pragmatic methods, as well as methods of continuous sampling of linguistic means, techniques and units from marketing communications texts that create an image of a product, and of semantic interpretation and identification were used. The analysis revealed that brand names, epithets, metaphors and phraseological units are the most productive in creating the image of residential real estate in marketing communications. The concept of social and ethical marketing integrates advertising of real estate marketing products, when the product image goes beyond consumption standards and becomes media itself, creating a new communication.

Analyzing the Effects of Establishing Communication Towers on Real Estate Sale Prices in Residential Areas Case Study of Sulaimaniyah City Center

2021 ◽  
Author(s):  
Ayoub Smaqaey ◽  
◽  
Dara Ridha ◽  
Fatma Aydin ◽  
◽  
...  
Keyword(s):  
Real Estate ◽  
Government Regulation ◽  
Real Estate Market ◽  
Residential Real Estate ◽  
Residential Areas ◽  
City Center ◽  
The Government ◽  
Real Estate Prices ◽  
The Impact ◽  
Communication Towers

The research aims to analyze and the statement the impact of establishing communication towers on the sale of residential real estate prices in the Sulaimaniyah city center. The goal of government regulation should be including regulations and environmental safety laws to protect citizens from the harmful and adverse effects of secreted by a human through the additions and changes of the environment. One aspect of the protection of the citizen is to be protected from adverse health effects resulting from communication towers. People have the right to choose the nature of the physical environment, as others should not impose it. The problem of communication towers considered as one of the main problems that have imposed on the people in Sulaimaniyah city center, which began to take a severe economic, social and health dimensions, affects the decision-making process in the real estate market. Moreover, consequently, this research analyzes the impact of the establishment of communication towers on the sale prices of residential property in Sulaimaniyah city center, the results of the research have confirmed a clear and adverse effect the communication towers on residential real estate prices in Sulaimaniyah city center. Besides the proof of this an excess of supply of real estate close to communication towers areas and the lack of demand for real estate in areas close to communication towers. Finally, the research commanded a range of important recommendations, such as necessity control the communication towers at the level of governments and companies, either at the companies’ level by choosing towers with low environmental impacts. Moreover, either at the government level to determine the location and conditions of the establishment of the communication towers, through legislation and laws of environmental protection and impose fees and raise awareness.

Territorial Distribution Of The Housing Stock In Moscow By Grades Of Comfort

2019 ◽  
pp. 14-18
Keyword(s):  
Real Estate ◽  
Housing Stock ◽  
Residential Buildings ◽  
Residential Real Estate ◽  
Apartment Buildings ◽  
The City

The features of the applied systems of classification of apartment buildings are considered. Their classification is carried out and the cartographic materials reflecting territorial distribution of the considered housing by grades of comfort in districts and settlements of the city of Moscow are prepared. A comparison of the comfort classes of the structure of the housing stock in the territorial context at the beginning of 2018 and the forecast of the potential possible structure as a result of the planned works on the commissioning and demolition of residential buildings for the foreseeable period are made. Trends of changes in the structure of the housing stock in Moscow are analyzed. The territories of the most significant changes in the comfort of living, as well as trends forming as a result of execution of the planned works in full are identified. The results obtained reflect the development of the housing stock in the territorial context due to the demolition and commissioning of residential real estate, including after the implementation of the renovation program.

scholarly journals A FUZZY KNOWLEDGE-BASED FRAMEWORK FOR RISK ASSESSMENT OF RESIDENTIAL REAL ESTATE INVESTMENTS

2017 ◽  
Vol 23 (1) ◽  
pp. 140-156 ◽  
Author(s):  
Mónica I. F. RIBEIRO ◽  
Fernando A. F. FERREIRA ◽  
Marjan S. JALALI ◽  
Ieva MEIDUTĖ-KAVALIAUSKIENĖ
Keyword(s):  
Risk Assessment ◽  
Risk Analysis ◽  
Real Estate ◽  
Cognitive Mapping ◽  
Reference Model ◽  
Fuzzy Model ◽  
Careful Analysis ◽  
Residential Real Estate ◽  
Real Estate Investments ◽  
Residential Properties

Risk analysis of residential real estate investments requires careful analysis of certain variables (or determinants). Because real estate is a key sector for economic and social development, this risk analysis is seen as critical in supporting decision processes relating to buying or selling residential properties, partly due to the pressures caused by the current economic environment. This study aims to develop a conceptual reference model for risk assessment of residential real estate using fuzzy cognitive mapping. This fuzzy model allows cause-and-effect relationships between determinants to be identified and better understood, which in turn allows for better informed investment decisions. The results show that the use of cognitive maps reduces the number of omitted criteria and favors learning with regard to how the criteria relate to each other, holding great potential and versatility in structuring complex decision problems. Practical implications, strengths and weaknesses of our proposal are discussed.

scholarly journals QUALITATIVE ANALYSIS OF VIEW CHARACTERISTICS OF RESIDENTIAL PROPERTY

2019 ◽  
Vol 4 (3) ◽  
pp. 44-51
Author(s):  
Марина Оберемок ◽  
Marina Oberemok ◽  
Андрей Наумов ◽  
Andrey Naumov ◽  
Марина Щенятская ◽  
...  
Keyword(s):  
Real Estate ◽  
Qualitative Analysis ◽  
Functional Dependence ◽  
Market Price ◽  
Real Estate Development ◽  
Residential Property ◽  
Residential Real Estate ◽  
High Demand ◽  
The Cost

Some kinds of residential real estate are characterized by a special view from the windows. Apartments with unique characteristics are in high demand among the population, therefore the cost of these objects exceeds the average market price. As a rule, developers try to make the best use of the visual prospects of residential real estate. The paper provides a qualimetric analysis of estimation the view characteristics of apartments in Belgorod based on the demand factors. There is the classification of view components of residential real estate on the basis of urban planning, aesthetic, emotional and other functions. Conclusions on the cost of the view are formed taking into account the criteria of its attractiveness. Functional dependence is obtaine. It allows to determine the surcharge to the cost of residential real estate based on differences in the view. The practical aim of determining the specifics of apartments pricing with a view is the ability to manage demand and to improve the efficiency of residential real estate development.

Accounting For Residential Real Estate In Urban Planning

2019 ◽  
pp. 30-35
Keyword(s):  
Urban Planning ◽  
Real Estate ◽  
Real Estate Market ◽  
Residential Real Estate ◽  
The Real Estate ◽  
Market Participants ◽  
Apartment Buildings ◽  
The Real Estate Market ◽  
Potential Risks

Issues of conformity of the terminology used by realtors for classification of residential objects to the current legislation are considered. The potential risks and features of accounting in urban planning of non-residential objects (lofts and apartments) for permanent residence of the population are given, the features of their placement are revealed. The distribution of apartment buildings in the administrative okrugs of Moscow, a significant part of which is located within the boundaries of the Central Administrative Okrug, is shown. At the same time, apartments in the center of the capital are represented mainly by low-rise premium class houses, as moving away from the center, the number of stories and the number of premises in the buildings increase. Information about the population living in the apartments is also provided. It is established that in order to ensure the sustainable and harmonious urban development, it is necessary to monitor the real estate market and timely update the official terminology for unhindered communication with market participants.

scholarly journals USING MULTIPLE CRITERIA DECISION ANALYSIS (MCDA) TO ASSIST IN ESTIMATING RESIDENTIAL HOUSING VALUES

2016 ◽  
Vol 20 (4) ◽  
pp. 354-370 ◽  
Author(s):  
Fernando A. F. FERREIRA ◽  
Ronald W. SPAHR ◽  
Mark A. SUNDERMAN
Keyword(s):  
Real Estate ◽  
Decision Analysis ◽  
Cognitive Mapping ◽  
Panel Study ◽  
Multiple Criteria ◽  
Multiple Criteria Decision Analysis ◽  
Future Research ◽  
Residential Real Estate ◽  
Explanatory Factors ◽  
Managerial Implications

Considerable literature exists regarding the complexity of the residential real estate appraisal process and the methods employed to determine initial listing prices as estimates of intrinsic market prices. Deviations in residential real estate intrinsic values occur due to a multiplicity of attributes and explanatory factors requiring consideration. We conduct a panel study using a Multiple Criteria Decision Analysis (MCDA) based framework that utilizes the skills and knowledge of a panel of residential real estate professionals (i.e. appraisers and realtors). We demonstrate how cognitive mapping and the Measuring Attractiveness by a Categorical Based Evaluation Technique (MACBETH) may assist in estimating appropriate offer/sale prices and strengthening current valuation approaches such as using comparables and/or hedonic modeling. The managerial implications of our MCDA-based framework and some avenues for future research are also presented.

Sign in / Sign up

Export Citation Format

Share Document