Comparative Analysis of Urban Condition the Residential Market Area with the Use of GIS Tools

2017 ◽  
Author(s):  
Małgorzata Renigier-Biłozor ◽  
Andrzej Biłozor
Keyword(s):  
Comparative Analysis ◽  
Real Estate ◽  
Global Economy ◽  
Complex Nature ◽  
Market Area ◽  
Investment Planning ◽  
Real Estate Markets ◽  
Gis Tools ◽  
The Social ◽  
Residential Market

Analysis of the significance of structural and spatial similarities aims to identify homogeneous categories of real estate markets on the basis of the urban features of the area. Real estate markets play an increasingly important role in the global economy and investment, which is why the reliable view of residential market area became an essential tool in the process of investment planning. The positions of particular cities that will be developed by themselves according to established criteria can be crucial when choosing an investment location, and can affect the range of influence of the central site for the entire region. The aim of the research is to conduct the comparative analysis of the condition of residential market area in relation to their urban features. The social, spatial, economic and residential factors will be analysed taking into consideration their exogenous structure. The assessments of coherence and diversification of esidential markets similarities in terms of their mutual location will be shown in the article. The developed methodology will be presented on the example of the largest residential markets centers in Poland. Due to the dynamic and complex nature of the information related to real estate (in various residential regions), and increase the objectivity of the results, the assumptions of data mining analysis and GiS tools will be used.

The Entextualization of Ayurveda as Intellectual Property

2012 ◽  
Vol 19 (3) ◽  
pp. 313-343 ◽  
Author(s):  
Matthew Wolfgram
Keyword(s):  
Intellectual Property ◽  
Global Economy ◽  
Medical Knowledge ◽  
Linguistic Anthropology ◽  
Medical Discourse ◽  
Complex Nature ◽  
Multiple Sources ◽  
The Social ◽  
Rights Discourse ◽  
The Individual

AbstractThis article documents the practices of pharmaceutical creativity in Ayurveda, focusing in particular on how practitioners appropriate multiple sources to innovate medical knowledge. Drawing on research in linguistic anthropology on the social circulation of discourse—a process calledentextualization—I describe how the ways in which Ayurveda practitioners innovate medical knowledge confounds the dichotomous logic of intellectual property (IP) rights discourse, which opposes traditional collective knowledge and modern individual innovation. While it is clear that these categories do not comprehend the complex nature of creativity in Ayurveda, I also use the concept of entextualization to describe how recent historical shifts in the circulation of discourse have caused a partial entailment of this opposition between the individual and the collectivity. Ultimately, I argue that the method exemplified in this article of tracking the social circulation of medical discourse highlights both the empirical complexity of so-called traditional creativity, and the politics of imposing the categories of IP rights discourse upon that creativity, situated as it often is, at the margins of the global economy.

Canadian foreign homebuyer taxes may backfire

2016 ◽  
Keyword(s):  
Real Estate ◽  
Foreign Investment ◽  
Global Economy ◽  
Property Tax ◽  
Provincial Government ◽  
Content Type ◽  
Real Estate Markets ◽  
Metro Vancouver ◽  
Local Residents ◽  
International Investors

Subject British Columbia's property tax for foreign homebuyers. Significance The provincial government of British Columbia introduced a 15% tax on foreign buyers of domestic property that came into effect on August 2, in an effort to lower prices in the Metro Vancouver region, with foreign investment widely perceived to be driving unaffordability. Canadian real estate has developed a reputation as a safe asset among international investors seeking to diversify their portfolios and hedge against uncertainty in the global economy. The tax is being studied by other subnational Canadian jurisdictions, such as Toronto, where local residents are priced out of overheated real estate markets. Impacts Governments in Australia, Hong Kong, New Zealand and Singapore are considering or have pursued similar levies. Tax-driven obfuscation of purchase records for real estate may have negative implications for broader global anti-corruption efforts. If the benefits of British Columbia's initiative prove to outweigh the costs, Ontario may consider such a foreign homebuyer tax.

The Problem and Promise of Credit in American Life

2019 ◽  
pp. 1-21
Author(s):  
Sarah L. Quinn
Keyword(s):  
Real Estate ◽  
Social Life ◽  
Mortgage Markets ◽  
Real Estate Markets ◽  
American Life ◽  
The Social ◽  
The Right ◽  
Farming Households

This introductory chapter provides a background of America's real estate markets. Already by 1890, nearly half of U.S. households were owner-occupied, and a staggering four-fifths of farming households headed by people over the age of 60 were owner-occupied. Such high levels of homeownership required a massive amount of credit to circulate, and in the right way. This was no easy feat. Mortgages are risky and costly transactions, ones that many banks avoided, either partially or completely, for long periods of time. America's mortgage markets were also endemically unstable and inefficient. American mortgage markets are therefore old, expansive, morally supercharged, and highly consequential. All of this is ideal for a study of the social life of finance. Mortgage markets' long and troubled history also provides a context in which to understand the two cases at the heart of this book: securitization and federal credit. Both evolved as ways to manage the risks and costs associated with lending and, in so doing, improve the flow of credit across the nation.

COVID 19, real estate and uncertainty: examining this new “normal” through the quotes of Jim Graaskamp

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Elaine Worzala
Keyword(s):  
Risk Management ◽  
Real Estate ◽  
Doctoral Students ◽  
Complex Nature ◽  
Real Estate Investment ◽  
Content Type ◽  
Real Estate Markets ◽  
Good Investment ◽  
Increased Risk ◽  
Real Estate Valuation

PurposeThis paper examines the current uncertainty within real estate markets through the quotes of Dr. James A. Graaskamp, a real estate educator and researcher. Graaskamp focused his teachings on real estate investment through the lens of risk management and risk mitigation. Using the current COVID 19 pandemic crisis as the backdrop, the author examines how we might learn from Graaskamp to look differently at real estate investments during these uncertain times when an external shock shakes a market, causing transactions to stall and sometimes freeze. In addition, she explores how we might learn from today's situation and make long-term changes to our built environment to have a better understanding of the risks associated with the current but also future pandemics and other uncertainties including natural disasters or climate change. The quotes were gathered by Jim Curtis, a student, friend and colleague of Dr. Graaskamp from the late 1970s until his death in 1988. Through these quotes, the author explores the many facets of the complex nature of the real estate asset class particularly during these very uncertain times created by the global pandemic.Design/methodology/approachThis is a thought piece on the current uncertainty surrounding real estate markets around the globe caused by the COVID 19 pandemic. The author of this essay was also a student, friend and mentee of Jim Graaskamp's, so it is an oral history of her experiences with this well-known and iconic real estate educator and scholar.FindingsAs a discussion piece, this is not a traditional research project with empirical findings. It is an exploration of the current uncertain times caused by the COVID 19 pandemic and its impact on real estate markets. The author examines how the increased risk is currently, and will also continue to, significantly influence the fields of property investment and finance.Practical implicationsThe James A. Graaskamp Collection on Teaching Materials compiled by the Wisconsin Real Estate Alumni Association is not a widely recognized resource for real estate scholars and practitioners yet the two CDs contain a wealth of information and knowledge from an intelligent real estate expert. Used as the base for the discussion, this paper sheds light on the teachings and writings of Dr. Graaskamp. It illustrates the usefulness of the materials for other researchers and educators. In particular, it highlights Graaskamp focus on risk management and mitigation which he strongly believed were essential skills to understanding the complicated nature of a real estate investment and for making good investment decisions, particularly when markets are full of uncertainty as is the case during these current times of the global COVID 19 pandemic.Originality/valueAs one of only a handful of living and still practicing doctoral students of Professor Graaskamp, the author has a unique perspective and lens to attempt to interpret the quotes of this real estate expert. He was a leader in real estate education, particularly as it pertains to real estate valuation, feasibility and investment, and this essay draws out some of his more important lessons from his pithy and often humorous quotes.

scholarly journals An Attempt to Identify Social – Economic Factors in the Levels Of Property Prices in Chosen Cities in Poland

2018 ◽  
Vol 26 (3) ◽  
pp. 93-104
Author(s):  
Sebastian Kokot
Keyword(s):  
Real Estate ◽  
House Prices ◽  
Real Estate Market ◽  
Special Importance ◽  
Real Estate Markets ◽  
The Real Estate ◽  
Property Prices ◽  
The Social ◽  
Average Unit ◽  
Potential Factors

Abstract Property prices vary on different local real estate markets. Even considering only the largest cities, great disproportions between average unit prices can easily be observed. This problem involves all segments of the real estate market, yet, because of the social & economic importance of housing properties, it takes on special importance on the apartment market. In Warsaw - the capital of Poland and the largest Polish city - prices exceed PLN 10,000 per 1m2 in the best locations and the average price at the end of 2016 in the entire city came to over PLN 7,500 per 1m2. At the sme time, however, average prices in other agglomerations, such as Łódź or Katowice, were equal to approx. PLN 3,500 per 1m2. It is only natural to ask what factors, especially social & economic, contribute to such considerable differences in house prices. This article addresses a group of potential factors underlying the prices of apartments, which have been studied statistically in correlation with average unit prices of apartments in chosen cities.

scholarly journals The Complex Neural Network Model for Mass Appraisal and Scenario Forecasting of the Urban Real Estate Market Value That Adapts Itself to Space and Time

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-17
Author(s):  
Leonid N. Yasnitsky ◽  
Vitaly L. Yasnitsky ◽  
Aleksander O. Alekseev
Keyword(s):  
Neural Network ◽  
Real Estate ◽  
Global Economy ◽  
Dynamic Models ◽  
Real Estate Market ◽  
Complex Model ◽  
Economic Situation ◽  
Neural Network Models ◽  
Real Estate Markets ◽  
Operational Characteristics

In the modern scientific literature, there are many reports about the successful application of neural network technologies for solving complex applied problems, in particular, for modeling the urban real estate market. There are neural network models that can perform mass assessment of real estate objects taking into account their construction and operational characteristics. However, these models are static because they do not take into account the changing economic situation over time. Therefore, they quickly become outdated and need frequent updates. In addition, if they are designed for a specific city, they are not suitable for other cities. On the other hand, there are several dynamic models taking into account the overall state of the economy and designed to predict and study the overall price situation in real estate markets. Such dynamic models are not intended for mass real estate appraisals. The aim of this article is to develop a methodology and create a complex model that has the properties of both static and dynamic models. Moreover, our comprehensive model should be suitable for evaluating real estate in many cities at once. This aim is achieved since our model is based on a neural network trained on examples considering both construction and operational characteristics, as well as geographical and environmental characteristics, along with time-changing macroeconomic parameters that describe the economic state of a specific region, country, and the world. A set of examples for training and testing the neural network were formed on the basis of statistical data of real estate markets in a number of Russian cities for the period from 2006 to 2020. Thus, many examples included the data relating to the periods of the economic calm for Russia, along with the periods of crisis, recovery, and growth of the Russian and global economy. Due to this, the model remains relevant with the changes of the international economic situation and it takes into account the specifics of regions. The model proved to be suitable for solving the following tasks: industrial economic analysis, company strategic and operational management, analytical and consulting support of investment, and construction activities of professional market participants. The model can also be used by government agencies authorized to conduct public cadastral assessment for calculating property taxes.

On Mystical Metamorphosis in Christianity and Islam: Dante’s Divine Comedy and Rumi’s Masnavi in Comparative Perspective

CLEaR ◽  
2016 ◽  
Vol 3 (2) ◽  
pp. 16-24
Author(s):  
Nour Seblini
Keyword(s):  
Comparative Analysis ◽  
Present Article ◽  
Social Environment ◽  
Divine Comedy ◽  
Comparative Perspective ◽  
Complex Nature ◽  
Human Beings ◽  
Clash Of Civilizations ◽  
The Social ◽  
Islam And Christianity

Abstract Journey emerges in multiple faces in literature. But when this substantial subset of quests adopts the mystical aspect, it creates a mystery that triggers the discovery sense in human beings. The present article develops a comparative analysis on the complex nature of mystical metamorphosis as expressed in two of the most influential writings of the East and West: Rumi’s Masnavi and Dante’s Divine Comedy. The first part discusses the concept of mysticism and poetry, and reveals the nature of their connection. The second part of this work investigates the historical setting of Dante’s and Rumi’s lives in relation to the social environment of the time. The last part emphasizes the idea of mystical metamorphosis as expressed in the Divine Comedy and Masnavi through two fundamental vehicles: love and faith. This work demonstrates how, in a world rife with wars and misery, mysticism provides a vital key to building a strong bridge between Islam and Christianity, and on a larger scale, to metamorphosizing the “clash of civilizations” into a “confluence of civilizations”.

Gambling on Real Estate: Limited Rationality in the Global Economy

1991 ◽  
Vol 34 (4) ◽  
pp. 391-401 ◽  
Author(s):  
John R. Logan
Keyword(s):  
Real Estate ◽  
Global Economy ◽  
Causal Power ◽  
Local Level ◽  
Economic Restructuring ◽  
Interorganizational Network ◽  
Urban Theory ◽  
Real Estate Markets ◽  
Theoretical Approaches ◽  
Development Organizations

Urbanization is taking on a more global character, with increasing scale of development organizations and new linkages between developers and financial institutions. These changes bring into question the way sociologists think about urbanization processes. This paper argues that the reshaping of real estate markets under the influence of global restructuring is not a one-way process, nor is it necessarily rational or functional. One should be skeptical of theoretical approaches from either an ecological or Marxist perspective that attribute autonomous causal power to “globalization” or “economic restructuring.” Deal-making, politics, mistakes, and miscalculations are as essential to the interorganizational network at the global level as at the local level. The challenge for urban theory is not to shift from local to global explanations, but rather to examine how processes at both levels intersect and collide with one another.

Der regionale Immobilienmarkt – Indikator für den Strukturwandel im Ruhrgebiet

2006 ◽  
Vol 50 (1) ◽  
Author(s):  
Andreas Schulten
Keyword(s):  
Real Estate ◽  
Service Sector ◽  
Real Estate Market ◽  
Structural Shift ◽  
Real Estate Markets ◽  
Ruhr Area ◽  
Significant Patterns ◽  
Residential Market ◽  
The One ◽  
German Cities

The regional real estate market as an indicator for structural change in the Ruhr area. The regional real estate markets are robust indicators for the structural shift within the Metropole Ruhr. Growth in service sector industry as well as demographic changes are accompanied or sometimes enhanced by real estate developments and investments. New stock either in the commercial or residential market reflects new demand - or the lack of it - in a very precise way. Especially in the local office markets the cyclical change of rent-, price- and yield levels offers a tool to measure the structural shift in detail. Most of the new and sustainable anchors in regional development of the Ruhr within the past two decades could not have been realized without private real estate investment on the one hand and improved skills of the local business development agencies on the other hand. The warehouse and the residential markets however show much less significant patterns in comparison among the Ruhr cities as well as compared to other German cities.

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