FACTORS AFFECTING THE MARKET PRICE OF COMMERCIAL REAL ESTATES IN NAIROBI. A CASE STUDY OF HURUMA ESTATE

2017 ◽  
Vol 2 (5) ◽  
pp. 19
Author(s):  
Dan Nduti ◽  
Wambugu Mr.Wambugu
Keyword(s):  
Standard Deviation ◽  
Real Estate ◽  
Market Price ◽  
Commercial Real Estate ◽  
Transport Infrastructure ◽  
Property Value ◽  
Factors Affecting ◽  
The Real Estate ◽  
The Mean ◽  
Social Amenities

Purpose: The study sought to determine the factors affecting the market price of commercial real estates in Nairobi. A case study of Huruma estateMethodology: This study employed descriptive survey design. The target population comprised of both managerial rand non-managerial employees in the real estate agencies. The real estate agencies registered by Kenya Property Developers Association (KPDA) and operating in Huruma area are 69 in number. The study sample comprised of 30% of all real estate firms registered by Kenya Property Developers Association (KPDA) in the region.  Therefore, the sample size is 21 firms. The use of census survey was employed for statistical research, population count or business marketing purposes. Primary information was gathered by use of a Likert scale questionnaireResults: The result displays results of responses regarding the first variable which was rent as determinant of market price of commercial real estate. This finding was supported by an overall responses mean of 3.94 which means that more respondents were agreeing with the statements on this objective in the questionnaire. The responses were also spread from the mean at a 0.779 standard deviation. The second objective was to establish the effect of transport infrastructure on the market price of commercial real estate. The findings show that most of the respondents agreed with most of the statements as support by a mean score of 3.89. The responses were also spread from the mean at a 1.045 standard deviation. The third objective was to establish the effect of security on the market price of commercial real estate. The findings show that most of the respondents agreed with most of the statements as support by a mean score of 3.80. The responses were also spread from the mean at a 1.102 standard deviation. The last objective was to establish the effect of social amenities on the market price of commercial real estate. The findings show that most of the respondents agreed with most of the statements as support by a mean score of 3.77. The responses were also spread from the mean at a 1.056 standard deviation.Unique contribution to theory, practice and policy: The study recommends that investors should invest in a way to ensure fair rent on the tenants so that the worth of such property value is not compromised by their rental charges ensuring the tenants enjoy and experience satisfaction. Adequate transport infrastructure should be ensured in making investment decisions by investors as proper infrastructure increases property value. Security and social amenities should be improved and where necessary increased for such measures are a positive contributor to commercial real property value.Keywords: Market Price, Rent, Transport Infrastructure, Real Estate, Social Amenities, Security 

‘Quit while you are ahead – and smell the roses!’ A survey of retired Fellows of the Australian and New Zealand College of Anaesthetists

2021 ◽  
pp. 0310057X2110057
Author(s):  
Diana Strange Khursandi ◽  
Victoria Eley
Keyword(s):  
Clinical Practice ◽  
New Zealand ◽  
Standard Deviation ◽  
Response Rate ◽  
Common Factors ◽  
Published Data ◽  
Factors Affecting ◽  
Retirement Decisions ◽  
Zealand College ◽  
The Mean

There are no published data on the age of retirement of anaesthetists in Australia and New Zealand. We surveyed 622 retired Fellows of the Australian and New Zealand College of Anaesthetists to determine their ages of complete retirement from clinical practice, demographics, and whether they had retired at the age they had intended to retire. We also aimed to explore factors affecting the decision to retire, the practice of ‘winding down’, common post-retirement activities, and the arrangement of personal and professional affairs. Responses were received from 371 specialists (response rate 60%). The mean (standard deviation) age of retirement was 65.2 (6.9) years. The mean (standard deviation) retirement ages ranged from 62.0 (7.1) years (those who retired earlier than planned) to 68.0 (4.3) years (those who retired later than they had intended). The mean (standard deviation) age of retirement of the male respondents was 66.0 (6.5) years, and for female respondents was 62.7 (7.7) years. Two hundred and thirty-three respondents (63%) reported winding down their practice prior to retirement, and 360 (97%) had made a will. Poor health and loss of confidence were the two most common factors in the retirement decisions of those who retired earlier than they had planned. Our results may assist current practitioners plan for retirement, and suggest strategies to help health services, departments and private groups accommodate individuals in winding down their practice.

scholarly journals Research on Factors Affecting Real Estate Values by Data Mining

2018 ◽  
Vol 6 (1) ◽  
pp. 220-239 ◽  
Author(s):  
Filiz Ersoz ◽  
Taner Ersoz ◽  
Muhammet Soydan
Keyword(s):  
Data Mining ◽  
Real Estate ◽  
Statistical Modelling ◽  
Unit Price ◽  
City Centre ◽  
Important Place ◽  
Factors Affecting ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Valuation

Abstract Construction sector has an important place in Turkey’s economy. Real estate sales for the sector are increasing in parallel. However, the purchase cost is also important for those who are willing to buy a real estate. In the acquisition of real estate, factors such as size, location and age of the house are taken into consideration. The aim of the article is to conduct research on factors affecting real estate values by data mining. In this study, the most important variables that determine the value of the real estate have been investigated by data mining methods. The research has been carried out in Karabük and the variables determined according to the opinions of real estate experts. As classification methods, CHAID and C&RT algorithms have been used. It has been evaluated that both algorithm estimation results can be used. Within the framework of the study, the variables that have the most impact on the unit price have been determined, such as the size of the real estate, the distance to the city centre, the popularity, and the age of the building. The use of advanced technologies, such as statistical modelling and machine learning in real estate valuation and automatic value estimation, is of importance in determining the real value of the real estate.

Study on the Influence Factors of Real Estate Price Based on Regression Model — The Case of Jilin City

2011 ◽  
Vol 117-119 ◽  
pp. 1547-1551
Author(s):  
Xi Li Tan ◽  
Han Zhou ◽  
Ying Song Xu
Keyword(s):  
Real Estate ◽  
Regression Model ◽  
Influence Factors ◽  
Multiple Linear Regression Model ◽  
Factors Affecting ◽  
The Real Estate ◽  
Real Estate Price ◽  
Spss Software ◽  
Countermeasures And Suggestions ◽  
The Impact

Real estate price has been one of the hottest discussion topics, especially in recent years, it becomes the focus of attention. In this paper, we aim to study the impact of economic factors on real estate price. By multiple linear regression model and SPSS software, we analyze four economic indicators affecting the real estate price of Jilin city, and make some amendments and testings, the conclusions show the consumption level and housing construction area are important factors affecting the price trend. On this basis, we further to give the corresponding countermeasures and suggestions.

scholarly journals Information for decision-making in in-house and outsourced real estate management organisations

Facilities ◽  
2016 ◽  
Vol 34 (13/14) ◽  
pp. 891-905 ◽  
Author(s):  
Peter Palm
Keyword(s):  
Real Estate ◽  
Decision Maker ◽  
Commercial Real Estate ◽  
Decision Makers ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Sector ◽  
Estate Management ◽  
Real Estate Management

Purpose The purpose of this paper is to examine how the real estate owner (decision maker) insures being able to make informed decisions and how they differ according to organisational form. Design/methodology/approach This research is based on an interview study of nineteen firm representatives, six decision makers and thirteen management representatives, all from Swedish commercial real estate sector. Findings The study concludes that, regardless of organisational setting, the industry has a plan regarding handling information. The decision makers have all secured themselves access to the required/desired information. How this is done and what kind of information it is however differ, if the real estate management is in-house or outsourced. Furthermore, a clear focus on financial and contractual information is evident in both organisational settings. Research limitations/implications The research in this paper is limited to Swedish commercial real estate sector. Practical implications The insight the paper provides regarding required information can shed light on how information systems are built and how to improve your information sharing. Originality/value It provides an insight regarding how the industry, depending on organisation setting, prioritises different information and how the decision maker secures access to it.

scholarly journals Enforcing the ADA and Stopping Serial Litigants

2020 ◽  
Vol 6 (4) ◽  
Author(s):  
R. Cameron Saenz
Keyword(s):  
Real Estate ◽  
Commercial Real Estate ◽  
Real Estate Industry ◽  
Commercial Property ◽  
The Real ◽  
The Real Estate ◽  
Effective Implementation ◽  
Property Owners ◽  
Legal Challenges ◽  
Title Iii

This comment explores the evolution of Title III of the Americans with Disabilities Act (“ADA”) and argues for a new and more effective implementation of this important anti-discrimination law through the real estate industry. First, this comment discusses the intricacies of the ADA, including its revisions over time and impactful legislation it has spawned. Second, this comment addresses current practical and legal challenges to enforcement of Title III of the ADA, including commercial property owners’ lack of understanding ADA responsibilities, serial litigation, and standing in courts. Finally, this comment proposes a new emphasis on ADA enforcement within the real estate industry. Such focus would obviate the need for many private lawsuits, place responsibility for ADA enforcement on parties involved in commercial real estate transactions and result in more effective implementation of both the spirit and letter of the ADA.

scholarly journals ANALYSIS OF INSTALLATION OF MARKET VALUE OF LAND INDUSTRY OF INDUSTRIAL PRODUCTION

2018 ◽  
pp. 88-93
Author(s):  
A.Yu. Palamar ◽  
Ya.V. Osipenko
Keyword(s):  
Real Estate ◽  
Social Life ◽  
Residential Buildings ◽  
Technical Condition ◽  
Commercial Real Estate ◽  
Theory And Practice ◽  
Practical Application ◽  
Distribution Method ◽  
The Real Estate ◽  
Real Estate Valuation

Purpose: 1) to study the concept of wear in the theory of valuation of real estate; 2) analyze the main types of wear and methods of their assessment; 3) to analyze the requirements for the procedure for determining the technical condition of residential buildings when planning and designing repairs; 4) analysis of the reconstruction and technical inventory of the commercial real estate object; 5) in the given example, determine the accumulated depreciation of the real estate by the method of partitioning. Methodology. Many different methods of estimating the value of real estate have been developed, which shows the importance of this task. However, the practical application of existing techniques is problematic. Most of them follow the international practice of evaluation without taking into account the specifics of legislation and the existing conditions of the economic, urban, political and social life of Ukraine. Findings. Thus, the development of the theoretical foundations of real estate valuation, the improvement of its methods, and the implementation of applied research seem rather relevant and practically significant for land management of settlements. Originality consists in the following: the analysis of the best and most efficient use of the land plot; the calculation of the value of the object of valuation by three independent methods of valuation has been made, namely: the method of taking losses into land improvements; income distribution method; the method of comparing the prices of sales of real estate. Practical value. To date, the situation of the domestic assessment school should be considered as being in the period of formation. A large number of modern methodological developments are based on the theory and practice of assessing foreign developments. Many different methods of estimating the value of real estate have been developed, which shows the importance of this task. However, the practical application of existing techniques is problematic. Most of them follow the international practice of evaluation without taking into account the specifics of legislation and the existing conditions of the economic, urban, political and social life of Ukraine. Keywords: estimation, real estate, tax, rent, foreign experience, land market, land payments

scholarly journals Methodology for making decisions in managing commercial real estate

2021 ◽  
Vol 244 ◽  
pp. 11013
Author(s):  
Denis Smirnov ◽  
Irina Alpackaya ◽  
Taisiya Ryabova ◽  
Valery Gusev
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
The Real ◽  
The Real Estate ◽  
Theoretical Approaches ◽  
Current Trends ◽  
The Real Estate Market ◽  
Methodological Principles

The purpose of this paper is to develop guidelines for the formation and implementation of a decision-making mechanism for managing commercial real estate. As a result of the study, the current trends in the development of the real estate market are revealed, the methods and established practice of the activities of management companies are analyzed, the analysis of theoretical approaches to the management of commercial real estate is carried out. On the basis of theoretical and methodological principles and the specifics of the analyzed area of research, methodological recommendations are proposed for the formation of a mechanism for managing commercial real estate, including a method for assessing their investment attractiveness.

scholarly journals Factors Affecting Customer Decision on Using Tabung Haji Service Center in Malaysia

2021 ◽  
Vol 58 (1) ◽  
pp. 1318-1324
Author(s):  
Abbas Paliket
Keyword(s):  
Standard Deviation ◽  
Average Score ◽  
Service Center ◽  
Average Income ◽  
Factors Affecting ◽  
Monthly Average ◽  
The People ◽  
The Mean ◽  
High Level ◽  
One Way Anova

The objective of this research was to examine the factors affecting the decision of choosing the Tabung Haji Service center in Malaysia. Questionnaires were used for data collection. The sample groups were individuals living in the state of Kedah, Malaysia. The statistics used for data analysis were frequency, percentage, mean () , standard deviation (SD), and comparison test (t). -test) and one-way ANOVA analysis. It found most of them were male who are under 25 years old. They were single and hold undergraduate education. Their monthly average income was between RM1,201- RM2,000. The overall results of marketing mix factors were at a high level ( = 4.301 S.D. = 0.493). When sorted by the importance that the process aspect and the people aspect, they were at the most important level with the average score of 4.658 4.555 and standard deviation 0.435 0.445 respectively. The physical evidence, price, promotion, place, and product were at a high level. The mean score was 4.246, 4.236, 4.187, 4.133, 4.095 and the standard deviation were at 0.95, 0.363, 0.549, 0.580, 0.569, 0.514, respectively. There were significant influence of age, educational level, and monthly average income on the market mix factors of customers’ decision to selecting Tabung Haji Service Center in Malaysia at a statistically significant level of 0.05.

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