Abstract: Decisions for investment, buying and selling of properties depend upon the market value of that property. Issues arise in arriving at the actual value of the property as well as computing the rate of returns from the estate. Addressing valuation related issues through an understanding of behavior of real property rates provide the means to explore the quality of past decisions and to make valid future decisions. Pune, an important city in India, has witnessed a high rate of growth in past few years. Increased demand for housing and investment in properties has led to increase in the rates of real estate. An attempt has been made to study the change and behavior of rates of real estate and factors influencing the same in Pune city.
Abstract: The use of statistical data and of the neural networks, capable of elaborate a series of data and territorial info, have allowed the making of a model useful in the subdivision of urban places into homogeneous zone under the profile of a social, real estate, environmental and urbanist background of a city. The development of homogeneous zone has fiscal and urbanist advantages. The tools in the model proposed, able to be adapted to the dynamic changes of the city, allow the application of the zoning fast and dynamic.
Abstract: In recent years, real estate prediction or valuation has
been a topic of discussion in many developed countries. Improper
hype created by investors leads to fluctuating prices of real estate,
affecting many consumers to purchase their own homes. Therefore,
scholars from various countries have conducted research in real estate
valuation and prediction. With the back-propagation neural network
that has been popular in recent years and the orthogonal array in the
Taguchi method, this study aimed to find the optimal parameter
combination at different levels of orthogonal array after the system
presented different parameter combinations, so that the artificial
neural network obtained the most accurate results. The experimental
results also demonstrated that the method presented in the study had a
better result than traditional machine learning. Finally, it also showed
that the model proposed in this study had the optimal predictive effect,
and could significantly reduce the cost of time in simulation operation.
The best predictive results could be found with a fewer number of
experiments more efficiently. Thus users could predict a real estate
transaction price that is not far from the current actual prices.
Abstract: Home is important for Chinese people. Because the
information regarding the house attributes and surrounding
environments is incomplete in most real estate agency, most house
buyers are difficult to consider the overall factors effectively and only
can search candidates by sorting-based approach. This study aims to
develop a decision support system for housing purchasing, in which
surrounding facilities of each house are quantified. Then, all
considered house factors and customer preferences are incorporated
into Simple Multi-Attribute Ranking Technique (SMART) to support
the housing evaluation. To evaluate the validity of proposed approach,
an empirical study was conducted from a real estate agency. Based on
the customer requirement and preferences, the proposed approach can
identify better candidate house with consider the overall house
attributes and surrounding facilities.
Abstract: Political transition of agricultural properties in Poland and the former German Democratic Republic (GDR) after 1989 had
to include not only Reprivatization but also the issue of returning the
properties in kind to their former owners. Restitution in kind applied
in GDR to all forms of ownership which were subject to
expropriation between 1933 and 1989 except for properties taken
over during Soviet occupation in 1945-49. This issue was one of the flashpoints during the process of ownership changes. Privatization,
limited as it was, took place in unequal legal environment where only
one group of owners was privileged. Executing restitution in kind
created a feeling of uncertainty among potential real estate buyers.
Abstract: Majority of researches conducted on Iranian urban
development plans indicate that they have been almost unsuccessful
in terms of draft, execution and goal achievement. Lack or shortage
of essential statistics and information can be listed as an important
reason of the failure of these plans. Lack of figures and information
has turned into an obvious part of the country-s statistics officials.
This problem has made urban planner themselves to embark on
physical surveys including real estate and land pricing, population
and economic census of the city. Apart from the problems facing
urban developers, the possibility of errors is high in such surveys.
In the present article, applying the interview technique, it has
been mentioned that utilizing multipurpose cadastre system as a land
information system is essential for urban development plans in Iran.
It can minimize or even remove the failures facing urban
development plans.
Abstract: Marketing is an essential issue to the survival of any
real estate company in Turkey. There are some factors which are
constraining the achievements of the marketing and sales strategies in
the Turkey real estate industry. This study aims to identify and
prioritise the most significant constraints to marketing in real estate
sector and new strategies based on those constraints. This study is
based on survey method, where the respondents such as credit
counsellors, real estate investors, consultants, academicians and
marketing representatives in Turkey were asked to rank forty seven
sub-factors according to their levels of impact. The results of Multiattribute
analytical technique indicated that the main subcomponents
having impact on marketing in real estate sector are interest rates, real
estate credit availability, accessibility, company image and consumer
real income, respectively. The identified constraints are expected to
guide the marketing team in a sales-effective way.
Abstract: This paper applies fuzzy clustering algorithm in classifying real estate companies in China according to some general financial indexes, such as income per share, share accumulation fund, net profit margins, weighted net assets yield and shareholders' equity. By constructing and normalizing initial partition matrix, getting fuzzy similar matrix with Minkowski metric and gaining the transitive closure, the dynamic fuzzy clustering analysis for real estate companies is shown clearly that different clustered result change gradually with the threshold reducing, and then, it-s shown there is the similar relationship with the prices of those companies in stock market. In this way, it-s great valuable in contrasting the real estate companies- financial condition in order to grasp some good chances of investment, and so on.
Abstract: The vast rural landscape in the southern United States
is conspicuously characterized by the hedgerow trees or groves. The
patchwork landscape of fields surrounded by high hedgerows is a
traditional and familiar feature of the American countryside.
Hedgerows are in effect linear strips of trees, groves, or woodlands,
which are often critical habitats for wildlife and important for the
visual quality of the landscape. As landscape interfaces, hedgerows
define the spaces in the landscape, give the landscape life and
meaning, and enrich ecologies and cultural heritages of the American
countryside. Although hedgerows were originally intended as fences
and to mark property and townland boundaries, they are not merely
the natural or man-made additions to the landscape--they have
gradually become “naturalized" into the landscape, deeply rooted in
the rural culture, and now formed an important component of the
southern American rural environment. However, due to the ever
expanding real estate industry and high demand for new residential
development, substantial areas of authentic hedgerow landscape in
the southern United States are being urbanized. Using Hudson Farm
as an example, this study illustrated guidelines of how hedgerows can
be integrated into town planning as green infrastructure and
landscape interface to innovate and direct sustainable land use, and
suggest ways in which such vernacular landscapes can be preserved
and integrated into new development without losing their contextual
inspiration.
Abstract: The main purpose of this research is the calculation of implicit prices of the environmental level of air quality in the city of Moscow on the basis of housing property prices. The database used contains records of approximately 20 thousand apartments and has been provided by a leading real estate agency operating in Russia. The explanatory variables include physical characteristics of the houses, environmental (industry emissions), neighbourhood sociodemographic and geographic data: GPS coordinates of each house. The hedonic regression results for ecological variables show «negative» prices while increasing the level of air contamination from such substances as carbon monoxide, nitrogen dioxide, sulphur dioxide, and particles (CO, NO2, SO2, TSP). The marginal willingness to pay for higher environmental quality is presented for linear and log-log models.
Abstract: One of the main consequences of the ubiquitous usage of Internet as a means to conduct business has been the progressive internationalization of contracts created to support such transactions. As electronic commerce becomes International commerce, the reality is that commercial disputes will occur creating such questions as: "In which country do I bring proceedings?" and "Which law is to be applied to solve disputes?" The decentralized and global structure of the Internet and its decentralized operation have given e-commerce a transnational element that affects two questions essential to any transaction: applicable law and jurisdiction in the event of dispute. The sharing of applicable law and jurisdiction among States in respect of international transactions traditionally has been based on the use of contact factors generally of a territorial nature (the place where real estate is located, customary residence, principal establishment, place of shipping goods). The characteristics of the Internet as a new space sometimes make it difficult to apply these rules, and may make them inoperative or lead to results that are surprising or totally foreign to the contracting parties and other elements and circumstances of the case.
Abstract: Landscape connectivity combines a description of the
physical structure of the landscape with special species- response to
that structure, which forms the theoretical background of applying
landscape connectivity principles in the practices of landscape
planning and design. In this study, a residential development project in
the southern United States was used to explore the meaning of
landscape connectivity and its application in town planning. The vast
rural landscape in the southern United States is conspicuously
characterized by the hedgerow trees or groves. The patchwork
landscape of fields surrounded by high hedgerows is a traditional and
familiar feature of the American countryside. Hedgerows are in effect
linear strips of trees, groves, or woodlands, which are often critical
habitats for wildlife and important for the visual quality of the
landscape. Based on geographic information system (GIS) and
statistical analysis (FRAGSTAT), this study attempts to quantify the
landscape connectivity characterized by hedgerows in south Alabama
where substantial areas of authentic hedgerow landscape are being
urbanized due to the ever expanding real estate industry and high
demand for new residential development. The results of this study
shed lights on how to balance the needs of new urban development and
biodiversity conservation by maintaining a higher level of landscape
connectivity, thus will inform the design intervention.
Abstract: The past decade has witnessed a good opportunities
for city development schemes in UK. The government encouraged
restoration of city centers to comprise mixed use developments with
high density residential apartments. Investments in regeneration areas
were doing well according to the analyses of Property Databank
(IPD). However, more recent analysis by IPD has shown that since
2007, property in regeneration areas has been more vulnerable to the
market downturn than other types of investment property. The early
stages of a property market downturn may be felt most in
regeneration where funding, investor confidence and occupier
demand would dissipate because the sector was considered more
marginal or risky when development costs rise. Moreover, the Bank
of England survey shows that lenders have sequentially tightened the
availability of credit for commercial real estate since mid-2007. A
sharp reduction in the willingness of banks to lend on commercial
property was recorded. The credit crunch has already affected
commercial property but its impact has been particularly severe in
certain kinds of properties where residential developments are
extremely difficult, in particular city centre apartments and buy-to-let
markets. Commercial property – retail, industrial leisure and mixed
use were also pressed, in Birmingham; tens of mixed use plots were
built to replace old factories in the heart of the city. The purpose of
these developments was to enable young professionals to work and
live in same place. Thousands of people lost their jobs during the
recession, moreover lending was more difficult and the future of
many developments is unknown. The recession casts its shadow upon
the society due to cuts in public spending by government, Inflation,
rising tuition fees and high rise in unemployment generated anger and
hatred was spreading among youth causing vandalism and riots in
many cities. Recent riots targeted many mixed used development in
the UK where banks, shops, restaurants and big stores were robbed
and set into fire leaving residents with horror and shock. This paper
examines the impact of the recession and riots on mixed use
development in UK.
Abstract: Property investment in the real estate industry has a
high risk due to the uncertainty factors that will affect the decisions
made and high cost. Analytic hierarchy process has existed for some
time in which referred to an expert-s opinion to measure the
uncertainty of the risk factors for the risk analysis. Therefore,
different level of experts- experiences will create different opinion
and lead to the conflict among the experts in the field. The objective
of this paper is to propose a new technique to measure the uncertainty
of the risk factors based on multidimensional data model and data
mining techniques as deterministic approach. The propose technique
consist of a basic framework which includes four modules: user,
technology, end-user access tools and applications. The property
investment risk analysis defines as a micro level analysis as the
features of the property will be considered in the analysis in this
paper.