42 results on '"Real estate values"'
Search Results
2. Urban Density and Land Leverage: Market Value Breakdown for Energy-Efficient Assets.
- Author
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Canesi, Rubina and Marella, Giuliano
- Subjects
URBAN density ,MARKET value ,REAL property sales & prices ,REAL property ,EVIDENCE gaps - Abstract
A real estate asset comprises land and improvements. The proportions of these components vary over time and across locations. Notably, the land value component is consistent over time, unaffected by depreciation. Consequently, the weight of land value in determining the overall asset value is crucial, particularly in those improvements that are highly sensitive to depreciation, such as energy-efficient buildings. While several studies have explored the relationship between energy-efficient building consumption and urban density, there is currently a research gap concerning the relationship between land value and the value of efficient improvements built on it. Before investigating this potential relationship, it is imperative to preliminary examine any possible correlations between land values and land density. To verify this correlation, we captured the "Land Leverage" of a real estate property by calculating the ratio between the value of the land and the total value of the real estate property and correlating it with the allowable density. Our analysis of the Land Leverage (LL) trend in a restricted development area over a ten-year period demonstrates that LL increases with the level of permitted density in a neighborhood. This evidence will serve as the foundation to verify whether Land leverage, through urban-densification strategies, might be a pivotal factor in driving the values of energy-efficient assets. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
3. Property Values as a Function of Law and Policy.
- Author
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Ti, Edward S. W.
- Subjects
REAL estate economics ,VALUATION ,REAL property ,VALUATION of real property ,JUDGE-made law ,JUSTICE administration - Abstract
Real estate values can be viewed as a function of law and policy. Using case law references, Hansard records, statutory instruments, and secondary literature, this paper articulates how the legal system impacts property values, in both expected and unexpected ways. While valuation is often viewed through the prism of real estate economics and finance, this paper highlights the reality that a more extended interpretation of understanding property valuation can be obtained by recognising that legal rules often impact asset values, sometimes in a surprising fashion. Recognising the links among law, policy, and property values is relevant to practitioners and policymakers alike. [ABSTRACT FROM AUTHOR]
- Published
- 2023
4. Understanding the value of retail accessibility in private housing markets: A study from Turin, Italy.
- Author
-
Del Nibletto, Marco, Zotteri, Giulio, Bottero, Marta, and Dell'Anna, Federico
- Subjects
- *
CITIES & towns , *REAL property , *PRICES , *HOUSING market , *INVESTORS - Abstract
Numerous urban studies have explored the relationship between urban amenities and real estate value. However, a notable gap exists in the literature concerning the specific impact of retail activities on housing values, particularly within European contexts. This study addresses this gap by examining the relationship between housing values and accessibility to different retail typologies, expanding the research stream to a European city by applying the Geographically Weighted Regression (GWR) model. The results indicate that accessibility to shopping retailers, bars and restaurants has a positive effect. In contrast, accessibility to convenience retailers and traditional markets has a negative impact. No significant relationship is observed between housing values and accessibility to supermarket retailers. Furthermore, this study shows that retail accessibility typologies impact differs in different urban areas. These findings provide useful implications for planners and policymakers, highlighting the need for strategic support for the retail sector in safeguarding and enhancing the investments of investors and families. • Retail accessibility index in HPM to describe the relationship with housing values. • The application of the GWR model to understand spatial dynamics in Turin, Italy. • Accessibility to shopping retailers, bars, and restaurants had a positive effect. • Convenience retailers and traditional markets access impact housing values negatively. • Retail accessibility typologies impact differs in different urban areas. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
5. Urban Density and Land Leverage: Market Value Breakdown for Energy-Efficient Assets
- Author
-
Rubina Canesi and Giuliano Marella
- Subjects
real estate values ,urban density ,land leverage ,sustainable indicators ,energy-efficient building ,depreciated replacement cost ,Building construction ,TH1-9745 - Abstract
A real estate asset comprises land and improvements. The proportions of these components vary over time and across locations. Notably, the land value component is consistent over time, unaffected by depreciation. Consequently, the weight of land value in determining the overall asset value is crucial, particularly in those improvements that are highly sensitive to depreciation, such as energy-efficient buildings. While several studies have explored the relationship between energy-efficient building consumption and urban density, there is currently a research gap concerning the relationship between land value and the value of efficient improvements built on it. Before investigating this potential relationship, it is imperative to preliminary examine any possible correlations between land values and land density. To verify this correlation, we captured the “Land Leverage” of a real estate property by calculating the ratio between the value of the land and the total value of the real estate property and correlating it with the allowable density. Our analysis of the Land Leverage (LL) trend in a restricted development area over a ten-year period demonstrates that LL increases with the level of permitted density in a neighborhood. This evidence will serve as the foundation to verify whether Land leverage, through urban-densification strategies, might be a pivotal factor in driving the values of energy-efficient assets.
- Published
- 2023
- Full Text
- View/download PDF
6. The Use of Configurational Analysis in the Evaluation of Real Estate Dynamics
- Author
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Caldarola, Enrico G., Di Pinto, Valerio, Rinaldi, Antonio M., Sforza, Antonio, editor, and Sterle, Claudio, editor
- Published
- 2017
- Full Text
- View/download PDF
7. Urban Sprawl, Labor Incomes and Real Estate Values
- Author
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Bencardino, Massimiliano, Nesticò, Antonio, Hutchison, David, Series editor, Kanade, Takeo, Series editor, Kittler, Josef, Series editor, Kleinberg, Jon M., Series editor, Mattern, Friedemann, Series editor, Mitchell, John C., Series editor, Naor, Moni, Series editor, Pandu Rangan, C., Series editor, Steffen, Bernhard, Series editor, Terzopoulos, Demetri, Series editor, Tygar, Doug, Series editor, Weikum, Gerhard, Series editor, Gervasi, Osvaldo, editor, Murgante, Beniamino, editor, Misra, Sanjay, editor, Borruso, Giuseppe, editor, Torre, Carmelo M., editor, Rocha, Ana Maria A.C., editor, Taniar, David, editor, Apduhan, Bernady O., editor, Stankova, Elena, editor, and Cuzzocrea, Alfredo, editor
- Published
- 2017
- Full Text
- View/download PDF
8. The effects of floods on residential property values
- Author
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van der Ven, Linde (author) and van der Ven, Linde (author)
- Abstract
Being both a low-lying delta and having one of the most significant mortgage-to-debt-to-GDP ratios in the world, the Dutch economy is vulnerable to damages to real estate due to floods as this could lead to large-scale householder default and ultimately destabilize their economy. Notwithstanding, a generic and widely adopted tool to assess flood risks and their subsequent effect on real estate values in practice is yet to be constructed. This research aimed to understand the potential impact of flood vulnerability on real estate values, the economic models guiding the assessment, and the subsequent role of stakeholders in maintaining the stability of the values. A combination of quantitative and qualitative methods was employed throughout this study to answer the primary research question. First, state-of-the-art models for examining the effect of floods were explained through a literature review. Second, a framework was constructed to define flood vulnerability, including socio-economic status, disaster-bearing capabilities, and flood exposure. This enabled the quantification of flood vulnerability levels of neighborhoods in the case study. Third, qualitative methods in the form of a literature review and exploratory semi-structured interviews with stakeholders were utilized to understand their barriers, drivers, and enablers and the ensuing opportunities to contribute to maintaining the stability of real estate values. The results indicated that the definition and usage of the parameters are vital to assess the effects of flood risks on residential real estate values. In addition, the results showed significant effects on flood vulnerability when including a subset of indicators besides flood exposure. When constructing a more accessible tool for all stakeholders, employing a more integral definition of flood vulnerability may thus be more socially just. Stakeholders may contribute to the stability of real estate values by actively adapting and, Civil Engineering | Construction Management and Engineering
- Published
- 2023
9. Real Estate Values, Urban Centrality, Economic Activities. A GIS Analysis on the City of Swindon (UK)
- Author
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Battaglia, Francesco, Borruso, Giuseppe, Porceddu, Andrea, Hutchison, David, editor, Kanade, Takeo, editor, Kittler, Josef, editor, Kleinberg, Jon M., editor, Mattern, Friedemann, editor, Mitchell, John C., editor, Naor, Moni, editor, Nierstrasz, Oscar, editor, Pandu Rangan, C., editor, Steffen, Bernhard, editor, Sudan, Madhu, editor, Terzopoulos, Demetri, editor, Tygar, Doug, editor, Vardi, Moshe Y., editor, Weikum, Gerhard, editor, Taniar, David, editor, Gervasi, Osvaldo, editor, Murgante, Beniamino, editor, Pardede, Eric, editor, and Apduhan, Bernady O., editor
- Published
- 2010
- Full Text
- View/download PDF
10. A spatial hedonic analysis of the housing market around a large, failing desert lake: the case of the Salton Sea in California.
- Author
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Singh, Amrita, Saphores, Jean-Daniel, and Bruckner, Tim
- Subjects
- *
HOUSING market , *WATER supply , *MARKETS , *AIR quality , *ENVIRONMENTAL quality - Abstract
Many lakes around the world exhibit acute environmental stress due to water transfers, persistent droughts, and polluted runoff. In addition, falling water levels worsen air quality by exposing desiccated shores. To our knowledge, however, no published hedonic study has analyzed the costs of deteriorating water quality jointly with the air quality impacts of falling water levels for a large inland water body. We conduct such an analysis for the Salton Sea, the largest lake in California. Our spatial autoregressive models estimated on single-family properties located within 10 miles (16.1 km) of the Sea show that a 1 km reduction in distance to the Sea results in a $595 decrease in the price of a single-family residence. In addition, a 1% increase in annual particulate matter concentration reduces the value of the average family residence by $1,140. These results highlight the vulnerability of poor rural communities to deteriorating environmental conditions. [ABSTRACT FROM AUTHOR]
- Published
- 2018
- Full Text
- View/download PDF
11. Wind energy development and perceived real estate values in Ontario, Canada
- Author
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Chad Walker, Jamie Baxter, Sarah Mason, Isaac Luginaah, and Danielle Ouellette
- Subjects
property values ,real estate values ,wind turbines ,renewable energy ,rural geography ,energy policy ,facility siting ,Production of electric energy or power. Powerplants. Central stations ,TK1001-1841 ,Renewable energy sources ,TJ807-830 - Abstract
This paper focuses on public concerns about real estate value loss in communities in the vicinity of wind turbines. There are some conflicting results in recent academic and non-academic literatures on the issue of property values in general—yet little has been studied about how residents near turbines view the value of their own properties. Using both face-to-face interviews (n = 26) and community survey results (n = 152) from two adjacent communities, this exploratory mixed-method study contextualizes perceived property value loss. Interview results suggest a potential connection between perceived property value loss and actual property value loss, whereby assumed property degradation from turbines seem to lower both asking and selling prices. This idea is reinforced by regression results which suggest that felt property value loss is predicted by health concerns, visual annoyances and community-based variables. Overall, the findings point to the need for greater attention to micro-level local, and interconnected impacts of wind energy development.
- Published
- 2014
- Full Text
- View/download PDF
12. Technologies and spatial data for modern land governance. Tools to support the cadastral reform
- Author
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Flavio Celestino Ferrante and Gabriele Garnero
- Subjects
Cadastral Reform ,Cadastral Cartography ,Real Estate Values ,Cadastral mapping ,GA109.5 - Abstract
This article outlines the methods and activities, in the field of mapping, in support of the important process of renewal of the entire cadastral system. It describes the technology and spatial data currently available that can assist in setting up complex issues of reforming appraisal system and, more generally, in the processes against tax evasion in real estate.
- Published
- 2013
13. Heritage objects in Klaipeda city
- Author
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Kukliene, Lina, Kuklys, Indrius, Jankauskiene, Dainora, and Ruzgiene, Birutė
- Subjects
Complex of bastions ,Kultūros paveldas / Cultural heritage ,Lietuva (Lithuania) ,real estate values ,Aplinkos apsauga / Environmental protection ,Klaipeda Castle and Bastion Complex ,Miestai ir miesteliai / Cities and towns ,Klaipėda. Klaipėdos kraštas (Klaipeda region) ,heritage - Abstract
Cultural heritage is the cultural values of ethnic, historical, aesthetic or scientific importance that have been handed down over generations and it is divided into tangible and intangible heritage. Tangible cultural heritage is divided into immovable cultural property and movable cultural property. According to the 2014-2020 Programme for the Updating of Cultural Objects, at the end of 2019, the country's Register of Cultural Objects will contain around 26,000 cultural heritage objects. Cultural heritage is a resource of strategic importance for the country, which is continuously created by society during its historical development, reflects the historical and cultural development of the country, and plays an important role in preserving and fostering national identity. Following the experience of foreign countries and good examples in Lithuania, cultural heritage in terms of its actualization has a huge potential for adaptation to the social, economic, cultural and educational needs of society – a community centre, an arts incubator, a school, a cultural institution or other institutions or organisations that are needed by the community can be housed in a cultural heritage object that has been cleaned-up and adapted. According to the Register of Cultural Property of the Republic of Lithuania, at the end of 2019, 469 properties were registered in Klaipeda City Municipality, or 1.4% of the total number of movable and immovable properties registered in the country. Key words: heritage, real estate values, Klaipeda Castle and Bastion Complex, Complex of bastions.
- Published
- 2022
14. Estimating the Effect of Location Externalities on Real Estate Values Using the Delphi Method
- Author
-
Boaz Barzilay, Izhak Schnell, and Boris A. Portnov
- Subjects
Delphi method ,real estate values ,location externalities ,Cadastral mapping ,GA109.5 - Abstract
The Delphi method is a method of collecting and structuring knowledge from a group of experts using a questionnaire combined with a controlled opinion feedback. The present paper reviews the main principles of the Delphi method, and attempts to validate its results using data obtained by standard econometric techniques of real estate appraisal, such as the hedonic price method. As we argue, the Delphi method may become a useful tool for real estate appraisal for unique cases, such as small communities with relatively few housing sales and transitional economies characterized by developing property markets.
- Published
- 2012
15. The growth of railway ground vibration problems — A review.
- Author
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Connolly, David P., Marecki, Grzegorz P., Kouroussis, Georges, Thalassinakis, Ioannis, and Woodward, Peter K.
- Subjects
- *
RAILROADS , *SOIL vibration , *NOISE pollution , *CHRONOLOGY , *DECIBELS - Abstract
Ground-borne noise and vibration from railway lines can cause human distress/annoyance, and also negatively affect real estate property values. Therefore this paper analyses a collection of technical ground-borne noise and vibration reports, detailing commercial vibration assessments undertaken at 1604 railway track sections, in 9 countries across the world. A wide range of rail projects are considered including light rail, tram lines, underground/tunnelled lines, freight, conventional rail and high speed rail. It documents the rise in ground-borne vibration problems and trends in the prediction industry, with the aim of informing the current research area. Firstly, the reports are analysed chronologically and it is found that railway vibration is a growing global concern, and as such, assessments have become more prevalent. International assessment metrics are benchmarked and it is found that velocity decibels (VdB), vibration dose value (VDV) and peak particle velocity (PPV) are the most commonly used methods of assessment. Furthermore, to predict vibration levels, the physical measurement of frequency transfer functions is preferential to numerical modelling. Results from the reports show that ground vibration limits are exceeded in 44% of assessments, and that ground-borne noise limits are exceeded in 31%. Moreover, mitigation measures were required on approximately 50% of projects, revealing that ground-borne noise and vibration is a widespread railroad engineering challenge. To solve these problems, the most commonly used abatement strategy is a modification of the railtrack structure (active mitigation), rather than the implementation of a more passive solution in the far-field. [ABSTRACT FROM AUTHOR]
- Published
- 2016
- Full Text
- View/download PDF
16. Property tax and property values: Evidence from the 2012 Italian tax reform
- Author
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Annalisa Scognamiglio, Tommaso Oliviero, Oliviero, T., and Scognamiglio, A.
- Subjects
Economics and Econometrics ,Property tax ,Property (philosophy) ,05 social sciences ,Monetary economics ,Tax reform ,Public spending ,Property value ,0502 economics and business ,Economics ,Political budget cycle ,Revenue ,Property tax capitalization ,050207 economics ,Finance ,Real estate values ,050205 econometrics ,Social capital - Abstract
This paper assesses the extent to which property taxes are capitalized into property values, exploiting the 2012 Italian tax reform. Municipal-level variation in the level of the property tax rates is instrumented using the exogenous staggered timing of local elections. We show that the incumbent local governments with upcoming elections in 2013 shifted the composition of fiscal revenues towards lower property tax. Our 2SLS estimate shows that a one standard deviation increase in municipal-level property tax intensity leads to a 2.7% reduction of municipal property values in the year of the reform. We elicit information on the characteristics of the compliers and show that these municipalities feature inefficient public spending and low social capital.
- Published
- 2019
- Full Text
- View/download PDF
17. The Importance of Including the Value of Soil in Metropolitan Planning Strategies
- Author
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ALESSANDRA MARIA PANDOLFI
- Subjects
Economic sustainability in urban planning, Real estate values, Soil protection and awareness, Spatial distribution rules, Urban rent ,Spatial distribution rules ,Geography ,Urban rent ,Soil protection and awareness ,Economic sustainability in urban planning ,Metropolitan area ,Value (mathematics) ,Agricultural economics ,Real estate values - Published
- 2020
- Full Text
- View/download PDF
18. Fiber-broadband-intenet and its regional impact: An empirical investigation
- Author
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Klein, Gordon
- Subjects
ComputerApplications_MISCELLANEOUS ,Broadband Internet ,ComputerSystemsOrganization_COMPUTER-COMMUNICATIONNETWORKS ,ddc:330 ,Real Estate Values ,Treatment Evaluation ,Quasi-natural experiment - Abstract
I analyze a quasi-natural experiment of fiber broadband rollout in a rural German area. The analysis particularly investigates the impact on real estate values. I find that there are strong and significant effects of fiber broadband deployment. These indicate that there are relevant personal benefits from broadband deployment for customers. Therefore, the findings add to the literature of evaluation of broadband infrastructure investment.
- Published
- 2020
19. Fiber-broadband-internet and its regional impact—An empirical investigation.
- Author
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Klein, Gordon J.
- Subjects
- *
REAL estate business , *RURAL development , *ECONOMIC development , *INVESTMENT management , *CONSUMERS - Abstract
I analyze a quasi-natural experiment of fiber broadband rollout in a rural German county and investigate the impact on real estate values. I find that there are strong and significant effects of fiber broadband deployment, which indicate relevant personal benefits for customers. These findings add to the literature on the evaluation of broadband infrastructure investment. • Analyzing quasi-natural-experimental situation to derive the causal impact of fiber rollout. • Identification of fiber internet rollout's private utility increase. • Increase in private utility (real estate values) is significant from an economic perspective. • Value of utility may outweigh cost of deployment, which makes strong subsidies more difficult to justify. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
20. Using quantitative analytical techniques when researching real estate – applied example
- Author
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Garner, Gary
21. Urban Sprawl, Labor Incomes and Real Estate Values
- Author
-
Massimiliano Bencardino and Antonio Nesticò
- Subjects
Geographic information system ,business.industry ,05 social sciences ,Urban sprawl ,Real estate ,02 engineering and technology ,Object (philosophy) ,Spatial economic analysis ,Geography ,Phenomenon ,0502 economics and business ,Geographic Information Systems ,0202 electrical engineering, electronic engineering, information engineering ,Territorial planning ,Real estate values ,020201 artificial intelligence & image processing ,Economic geography ,business ,050203 business & management - Abstract
The analysis of the processes of urban growth and sprawl should be conducted taking into account the temporal evolution of a plurality of parameters: economic, demographic and socio-cultural. These factors are so related that the complex territorial system sometimes seems indecipherable. Thus, as the quantitative modeling suggests, the real phenomenon is simplified, identifying a limited number of exogenous variables and researching the effect that these variables generate on the simplersystem, object of the study. The goal is to find the functional relationships that govern the events.
- Published
- 2017
- Full Text
- View/download PDF
22. Wind energy development and perceived real estate values in Ontario, Canada
- Author
-
Jamie Baxter, Chad Walker, Isaac Luginaah, Sarah Mason, and Danielle Ouellette
- Subjects
Engineering ,Property (philosophy) ,Wind power ,Public economics ,property values ,real estate values ,Renewable Energy, Sustainability and the Environment ,business.industry ,facility siting ,Energy Engineering and Power Technology ,Real estate ,Discount points ,renewable energy ,Energy policy ,Renewable energy ,lcsh:Production of electric energy or power. Powerplants. Central stations ,Fuel Technology ,rural geography ,Property value ,wind turbines ,Value (economics) ,lcsh:TK1001-1841 ,business ,Environmental planning ,energy policy - Abstract
This paper focuses on public concerns about real estate value loss in communities in the vicinity of wind turbines. There are some conflicting results in recent academic and non-academic literatures on the issue of property values in general—yet little has been studied about how residents near turbines view the value of their own properties. Using both face-to-face interviews (n = 26) and community survey results (n = 152) from two adjacent communities, this exploratory mixed-method study contextualizes perceived property value loss. Interview results suggest a potential connection between perceived property value loss and actual property value loss, whereby assumed property degradation from turbines seem to lower both asking and selling prices. This idea is reinforced by regression results which suggest that felt property value loss is predicted by health concerns, visual annoyances and community-based variables. Overall, the findings point to the need for greater attention to micro-level local, and interconnected impacts of wind energy development.
- Published
- 2014
23. Regeneration programmes: Enforcing the right to housing or fostering gentrification? The example of Bankside in London.
- Author
-
Leccis, Francesca
- Subjects
GENTRIFICATION ,COMMUNITY involvement ,EQUALITY ,SOCIAL cohesion ,HOUSING ,NEIGHBORHOODS - Abstract
• Even the most ambitious regeneration programmes might turn out to be gentrification. • Regeneration schemes interact with a series of congruent actions. • Regeneration schemes might entail serious drawbacks in terms of loss of social diversity and cohesion. • Local community involvement is essential for the success of regeneration schemes. • Inaccessible housing jeopardises the human right to adequate housing. The aim of any regeneration programme is to transform ruined and abandoned areas into new vibrant and attractive centres. However, this supposedly marvellous project often hides the drawback of pricing former residents out of their neighbourhood, thus fostering the process commonly named "gentrification". This paper enquires whether regeneration programmes secure decent housing to everyone or they rather encourage gentrification. In order to address this question, the case study of the Bankside Regeneration Programme is examined through an unprecedented quantitative and qualitative ex-post analysis. It shows that, not only have social and urban inequalities remained unresolved, but they have also been exacerbated by the progressive enrichment of the area, which forced many of the vulnerable former residents to move to cheaper neighbourhoods. Subsequently, the paper zooms out from the results of this site-specific case study to a wider perspective, to identify effective approaches to reach genuine regeneration while avoiding gentrification. This paper offers empirical contribution to the study on gentrification through the analysis of the Bankside case study, methodological contribution through the development of a specifically tailored approach to investigate population changes, and theoretical contribution through the identification of the underlying dynamics and contextual contingencies that determine and explain gentrification. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
- View/download PDF
24. Exploring the Relationship Between Utah's Wages and Utah's Real Estate Values
- Author
-
Laneri, S. Scott
- Subjects
Relationship ,Economics ,Utah ,Wages ,Real Estate Values ,Finance - Abstract
This paper uses a variety of multiple regression analysis techniques to attempt to answer whether a direct relationship exists between Utah's employee wages and Utah's residential real estate values. Unexpected declines in real estate values can have seriously negative impacts on businesses, individuals, and local governments in Utah. Conversely, unexpected increases represent missed opportunities. Researchers have used various statistical and mathematical methods to explain or predict changes in real estate values, but no method has consistently predicted values for a long period of time or across multiple geographical areas. This paper focuses on exploring the relationship between variables in Utah and uses a linear probability model with nine explanatory variables to attempt to explain trends in quarterly data from the Utah Housing Price Index over the last sixteen years. Initially, the regression returned promising numbers, but the results were misleading. Due to nonstationary data, high levels of autocorrelation, and other issues related to time-series data, the regression results were spurious, and no useable conclusions were drawn from the first model. In an attempt to correct for autocorrelation and the nonstationarity, the variables were transformed using a Prais-Winston transformation. Again, the results appeared promising. After multiple tests for stationarity and autocorrelation, however, the results were found to be autocorrelated and spurious. That being said, the time spent reading complex papers, gathering reliable data, researching advanced regression methods, transforming variables, re-specifying models and analyzing results has been a great help and will contribute to a solid statistical foundation in the future. Research opportunities are available in the future when higher level statistical methods are learned. A relation between Utah's wages and Utah's real estate values may exist, but the statistical methods necessary to create the proper model are beyond the scope of this paper.
- Published
- 2015
- Full Text
- View/download PDF
25. Asuntoyhtiöiden uudistava korjaustoiminta ja lisärakentaminen
- Subjects
real estate values ,housing areas ,retrofit ,urban economics ,urban infill ,neighbourhood development ,rrefurbishment ,urban redevelopment ,home owner preferences ,SDG 11 - Sustainable Cities and Communities - Abstract
Asunto-osakeyhtiöiden uudistava korjaustoiminta ja lisärakentaminen (ApRemodel) -projektin tutkimusalueena on asunto-osakeyhtiöiden korjaustoiminnan uudistaminen ja asuinalueiden täydennysrakentaminen taloyhtiöiden näkökulmasta. Hankkeen aikana projektin johtoryhmä painotti asunto-osakeyhtiöiden lisärakentamisen tutkimista ja kehittämistä, josta muodostui pääasiallinen kehittämiskohde. Projektin keskeisimpiä tutkimusteemoja ovat olleet asukasnäkökulma uudistavassa korjaustoiminnassa ja täydennysrakentamisessa, vanhojen asuinalueiden yhteiskehittämismallit, lisärakentamisen hyödyt ja kannattavuus asunto-osakeyhtiöiden kannalta, taloyhtiöiden kiinteistöjen ominaisuuksien ja energiatehokkuuden parantaminen sekä lisärakentamiseen ja korjaustoimintaan liittyvien lainsäädännöllisten esteiden osoittaminen. Projektissa on tutkittu myös korjaustoiminaan liittyviä innovaatioita ja lean-periaatteiden soveltamista asuinrakennusten korjaustoimintaan. Täydennysrakentaminen on kirjattu valtakunnalliseksi alueiden ja maankäytön kehittämista-voitteeksi. Erityisesti kasvukeskuksien kaupungit ovat sisällyttäneet tämän tavoitteen kehittä-misstrategioihinsa. Vanhojen asuinalueiden asukkaat suhtautuvat täydennysrakentamiseen ja taloyhtiönsä korjaustoimintaankin lähtökohtana oma asunto ja koti. Muutokset tutussa asuinympäristössä koetaan joskus uhkina ja niitä ryhdytään herkästi vastustamaan. Täydennysrakentamisella ja siihen liittyvillä ympäristön parannustoimilla voidaan kuitenkin lisätä alueen, sen kiinteistöjen ja asuntojen arvoa, millä voi olla suuri merkitys täydennyshankkeiden motivaattoreina. Tarve mahdollisuuksien arviointiin, tiedon lisäykseen ja vuorovaikutukseen on huomattavasti uudisrakennusalueita polttavampi. Lisärakennushankkeet voivat tarjota monille asunto-osakeyhtiöille keinon rahoittaa osan suurista korjaushankkeista. Myymällä osan tontista tai toteuttamalla suunnatun osakeannin voi asunto-osakeyhtiö saada ylimääräistä tuloa. Tämä mahdollistuu kaavoittamalla lisää rakennus-oikeutta taloyhtiön tontille. Samalla on ratkaistava, mihin autopaikat sijoitetaan. Jos entiset ja uudet autopaikat on rakennettava hallipaikoiksi, ei nettotuottoa lisärakennushankkeesta synny eikä hanketta kannata käynnistää. Pysäköinnin ratkaisemiseen täydennysrakentamisen yhtey-dessä tarvitaan kunnan suunnittelutukea ja joskus myös keskitettyjä pysäköintilaitoksia. Lisärakennushankkeita voi käynnistyä, jos ne ovat taloudellisesti kannattavia taloyhtiöille ja rakennusliikkeille. Kannattavien hankkeiden syntymistä voidaan tukea maankäyttömaksujen alennuksilla. Lisärakennusoikeuden määrän kasvattaminen parantaa useimmiten kannattavuutta. Osa pienehköistä huonokuntoisista asuinkiinteistöistä voi olla kannattavaa purkaa korjaamisen sijasta, jos tontin rakennusoikeutta voidaan lisätä 2-3-kertaiseksi aikaisemmasta. Kunnan perusrakenteisiin ja palveluihin liittyvien investointien kannalta täydennysrakentami-nen on hyvinkin edullista, koska aikaisemmille investoinneille saadaan lisää käyttäjiä ja lisäin-vestointitarpeet ovat huomattavasti uudisalueita pienemmät. Täydennysrakentaminen on kui-tenkin haastavinta olemassa olevan yhdyskuntarakenteen sisään. Tontit ovat yksityisessä omistuksessa ja vuokratonteillakin vuokra-aikaa voi olla runsaasti jäljellä. Ei voida ennakoida sitä, missä järjestyksessä ja aikataulussa täydennysrakentamishankkeita käynnistyy. Koko aluetta kattavan kaavan sijasta voidaan laatia alueen kehittämisen yleissuunnitelma tai kaavarunko, jonka avulla ohjataan pieniä hanke- tai korttelikaavoja. Asunto-osakeyhtiöiden perustaminen ja toiminta ovat monin tavoin säädeltyä. Osa säädök-sistä on jopa este lisärakentamiselle ja korjaustoiminnan kehittämiselle. Asunto-osakeyhtiö voi joutua maksamaan yhteisöveroa tontin myyntitulosta lisärakentamiseen, jos poistoja ja vähen-nyksiä ei saada riittävästi tilinpäätökseen. Taloyhtiön etukäteissäästämiselle korjaushankkeisiin on tarpeettoman lyhyt viiden vuoden aika, jonka jälkeen säästöt voidaan tulkita veronalaiseksi tuloksi verottajan toimesta. Tulevaisuudessa kasvava määrä asunto-osakeyhtiöiden kiinteistöjä tulee saavuttamaan ta-loudellisen elinkaarensa pään. Osakkeenomistajat joutuvat silloin valitsemaan korjaamisen ja uudelleenrakentamisen välillä. Uudelleenrakentamisvaihtoehto voi tarvita toimintamalleja ja säädösesteiden madaltamista tai purkamista. Taloyhtiöiden nykyisellä korjaustoiminnalla ei asuinrakennuskannan energiataloutta saada parannettua riittävällä vauhdilla. Pääosa energiakorjauksista parantaa myös asumismukavuutta ja rakennuksen ominaisuuksia. Korjaukset vaikuttavat ainakin osittain myyntitilanteessa asunnon hintaan ja vaikuttaisivat enemmän, jos niistä viestittäisiin enemmän. Energiakorjauksiin liittyvässä tiedottamisessa pitäisi tuoda esille myös laatuun ja arvoon liittyvät vaikutukset, jotka lisäävät korjausten kannattavuutta.
- Published
- 2013
26. Asuntoyhtiöiden uudistava korjaustoiminta ja lisärakentaminen
- Author
-
Nykänen, Veijo, Lahti, Pekka, Knuuti, Antti, Hasu, Eija, Staffans, Aija, Kurvinen, Antti, Niemi, Olli, and Virta, Jani
- Subjects
real estate values ,housing areas ,retrofit ,urban economics ,urban infill ,neighbourhood development ,rrefurbishment ,urban redevelopment ,home owner preferences ,SDG 11 - Sustainable Cities and Communities - Abstract
Asunto-osakeyhtiöiden uudistava korjaustoiminta ja lisärakentaminen (ApRemodel) -projektin tutkimusalueena on asunto-osakeyhtiöiden korjaustoiminnan uudistaminen ja asuinalueiden täydennysrakentaminen taloyhtiöiden näkökulmasta. Hankkeen aikana projektin johtoryhmä painotti asunto-osakeyhtiöiden lisärakentamisen tutkimista ja kehittämistä, josta muodostui pääasiallinen kehittämiskohde. Projektin keskeisimpiä tutkimusteemoja ovat olleet asukasnäkökulma uudistavassa korjaustoiminnassa ja täydennysrakentamisessa, vanhojen asuinalueiden yhteiskehittämismallit, lisärakentamisen hyödyt ja kannattavuus asunto-osakeyhtiöiden kannalta, taloyhtiöiden kiinteistöjen ominaisuuksien ja energiatehokkuuden parantaminen sekä lisärakentamiseen ja korjaustoimintaan liittyvien lainsäädännöllisten esteiden osoittaminen. Projektissa on tutkittu myös korjaustoiminaan liittyviä innovaatioita ja lean-periaatteiden soveltamista asuinrakennusten korjaustoimintaan. Täydennysrakentaminen on kirjattu valtakunnalliseksi alueiden ja maankäytön kehittämista-voitteeksi. Erityisesti kasvukeskuksien kaupungit ovat sisällyttäneet tämän tavoitteen kehittä-misstrategioihinsa. Vanhojen asuinalueiden asukkaat suhtautuvat täydennysrakentamiseen ja taloyhtiönsä korjaustoimintaankin lähtökohtana oma asunto ja koti. Muutokset tutussa asuinympäristössä koetaan joskus uhkina ja niitä ryhdytään herkästi vastustamaan. Täydennysrakentamisella ja siihen liittyvillä ympäristön parannustoimilla voidaan kuitenkin lisätä alueen, sen kiinteistöjen ja asuntojen arvoa, millä voi olla suuri merkitys täydennyshankkeiden motivaattoreina. Tarve mahdollisuuksien arviointiin, tiedon lisäykseen ja vuorovaikutukseen on huomattavasti uudisrakennusalueita polttavampi. Lisärakennushankkeet voivat tarjota monille asunto-osakeyhtiöille keinon rahoittaa osan suurista korjaushankkeista. Myymällä osan tontista tai toteuttamalla suunnatun osakeannin voi asunto-osakeyhtiö saada ylimääräistä tuloa. Tämä mahdollistuu kaavoittamalla lisää rakennus-oikeutta taloyhtiön tontille. Samalla on ratkaistava, mihin autopaikat sijoitetaan. Jos entiset ja uudet autopaikat on rakennettava hallipaikoiksi, ei nettotuottoa lisärakennushankkeesta synny eikä hanketta kannata käynnistää. Pysäköinnin ratkaisemiseen täydennysrakentamisen yhtey-dessä tarvitaan kunnan suunnittelutukea ja joskus myös keskitettyjä pysäköintilaitoksia. Lisärakennushankkeita voi käynnistyä, jos ne ovat taloudellisesti kannattavia taloyhtiöille ja rakennusliikkeille. Kannattavien hankkeiden syntymistä voidaan tukea maankäyttömaksujen alennuksilla. Lisärakennusoikeuden määrän kasvattaminen parantaa useimmiten kannattavuutta. Osa pienehköistä huonokuntoisista asuinkiinteistöistä voi olla kannattavaa purkaa korjaamisen sijasta, jos tontin rakennusoikeutta voidaan lisätä 2-3-kertaiseksi aikaisemmasta. Kunnan perusrakenteisiin ja palveluihin liittyvien investointien kannalta täydennysrakentami-nen on hyvinkin edullista, koska aikaisemmille investoinneille saadaan lisää käyttäjiä ja lisäin-vestointitarpeet ovat huomattavasti uudisalueita pienemmät. Täydennysrakentaminen on kui-tenkin haastavinta olemassa olevan yhdyskuntarakenteen sisään. Tontit ovat yksityisessä omistuksessa ja vuokratonteillakin vuokra-aikaa voi olla runsaasti jäljellä. Ei voida ennakoida sitä, missä järjestyksessä ja aikataulussa täydennysrakentamishankkeita käynnistyy. Koko aluetta kattavan kaavan sijasta voidaan laatia alueen kehittämisen yleissuunnitelma tai kaavarunko, jonka avulla ohjataan pieniä hanke- tai korttelikaavoja. Asunto-osakeyhtiöiden perustaminen ja toiminta ovat monin tavoin säädeltyä. Osa säädök-sistä on jopa este lisärakentamiselle ja korjaustoiminnan kehittämiselle. Asunto-osakeyhtiö voi joutua maksamaan yhteisöveroa tontin myyntitulosta lisärakentamiseen, jos poistoja ja vähen-nyksiä ei saada riittävästi tilinpäätökseen. Taloyhtiön etukäteissäästämiselle korjaushankkeisiin on tarpeettoman lyhyt viiden vuoden aika, jonka jälkeen säästöt voidaan tulkita veronalaiseksi tuloksi verottajan toimesta. Tulevaisuudessa kasvava määrä asunto-osakeyhtiöiden kiinteistöjä tulee saavuttamaan ta-loudellisen elinkaarensa pään. Osakkeenomistajat joutuvat silloin valitsemaan korjaamisen ja uudelleenrakentamisen välillä. Uudelleenrakentamisvaihtoehto voi tarvita toimintamalleja ja säädösesteiden madaltamista tai purkamista. Taloyhtiöiden nykyisellä korjaustoiminnalla ei asuinrakennuskannan energiataloutta saada parannettua riittävällä vauhdilla. Pääosa energiakorjauksista parantaa myös asumismukavuutta ja rakennuksen ominaisuuksia. Korjaukset vaikuttavat ainakin osittain myyntitilanteessa asunnon hintaan ja vaikuttaisivat enemmän, jos niistä viestittäisiin enemmän. Energiakorjauksiin liittyvässä tiedottamisessa pitäisi tuoda esille myös laatuun ja arvoon liittyvät vaikutukset, jotka lisäävät korjausten kannattavuutta.
- Published
- 2013
27. ASSETTO URBANISTICO E VALORI IMMOBILIARI: IL CASO DEL PROGRAMMA INTEGRATO DI INTERVENTI NEL QUARTIERE PIANURA DEL COMUNE DI NAPOLI
- Author
-
DEL GIUDICE, VINCENZO, TORRIERI, FRANCESCA, De Paola P. F., Vari, Augenti N., Sassu M., DEL GIUDICE, Vincenzo, De Paola, P. F., and Torrieri, Francesca
- Subjects
hedonic price method ,real estate values ,urban renovation project - Abstract
The present paper, derived from a real case, addresses the issue of impact evaluation on real estate property values from a variation in urban design in the aim of an Integrated Program of Interventions. As is known in the scientific literature real estate property values depends on intrinsic and extrinsic positional characteristics refer to environmental quality and infrastructure of the context in which the property is located. The studies carried out show that there is a large variation in the parameter of incidence of each characteristics depending on the cases considered. We proposes the application of a new econometric models for quantitative analysis of the characteristics of real estate property, due to the better prevision that these functions can obtain in a real estate market context. The control of the formal and logical adequacy of the proposed theoretical model is referred to the case study under analysis, where we determine the depreciation of values of a real estate complex due to a decrease of urban quality. The experimental test of the model has provided results that, by reason of their formal consistency with the results obtained in other contexts, can be considered representative of the effectiveness of the methodology proposed.
- Published
- 2012
28. Real Estate Values, Urban Centrality, Economic Activities. A GIS Analysis on the City of Swindon (UK)
- Author
-
Francesco Battaglia, Andrea Porceddu, Giuseppe Borruso, Taniar, David, Gervasi, Osvaldo, Murgante, Beniamino, Pardede, Eric, Apduhan, Bernady, Battaglia, F., Borruso, Giuseppe, and Porceddu, Andrea
- Subjects
Structure (mathematical logic) ,education.field_of_study ,Spatial Analysis ,point pattern analysis ,Real Estate Values ,GIS ,Density Estimation ,Swindon (UK) ,business.industry ,Population ,Distribution (economics) ,Real estate ,Point pattern analysis ,Spatial Analysi ,Spatial distribution ,Geography ,Regional science ,Real Estate Value ,education ,business ,Centrality ,Spatial analysis - Abstract
The paper is focused on the analysis of urban shape and structure by means of its constituting physical features, the spatial distribution of population and human activities. In particular we aim at analysing the relations these characteristics have with the house prices distribution in urban areas to examine the spatial form of the city and observe it from different perspectives. GIS and spatial analytical techniques are used to model and visualize the different shapes of a city, helping to understanding the spatial structures related to different urban uses and functions. Recalling the urban geographical theory carried on through the years, we use GIS and point pattern analysis to model such urban features. An ancillary aim of the present research is the exam of urban dynamics and structure relying on freely or publicly available geographical data as valuable elements for providing spatial information.
- Published
- 2010
29. Assessment of the real estate benefits due to accessibility gains brought by a transport project: the impacts of a light rail infrastructure improvement in the Hauts-de-Seine department
- Author
-
Boucq, Elise and Papon, Francis
- Subjects
Transport infrastructure ,Hedonic function ,Accessibility, Hedonic function, Real estate values, Transport infrastructure ,Accessibility ,Real estate values - Abstract
This paper estimates the real estate benefits due to accessibility gains brought by a light rail infrastructure (the T2 tramway, in the Hauts-de-Seine). According to Urban Economics, the accessibility improvements resulting from a transport project will influence the residential location choices of households, and eventually the land rents at equilibrium will include the valuation of accessibility gains made by these households. Apart from accessibility, housing choice also depends on other characteristics: internal characteristics and external (environmental) characteristics. To take into account all these determinants, we have estimated a hedonic price function of residential properties econometrically. The data used are sales of residential dwellings in the Hauts-de-Seine department, population census and other sources, from 1993 to 2004, to take into account anticipation and learning effects. The hedonic price function obtained allows us to measure implicit or ‘hedonic’ prices of dwellings with a given group of characteristics, and isolates the pure effect of each characteristic on the price of a dwelling. The results show that the T2 tramway accessibility improvements are capitalized into the housing prices. To measure this capitalization into real estate, we calculate the prices of dwellings with and without these accessibility gains. For the whole department, we estimate a capitalization around 3%.
- Published
- 2008
30. Do High-rise buildings negative affect residential prices of their neighboring housing environments?
- Author
-
Universitat Politècnica de Catalunya. Departament de Tecnologia de l'Arquitectura, Universitat Politècnica de Catalunya. CPSV - Centre de Política de Sòl i Valoracions, Marmolejo Duarte, Carlos Ramiro, Skarmeta Cornejo, Esteban, Aguirre Núñez, Carlos Andrés, Universitat Politècnica de Catalunya. Departament de Tecnologia de l'Arquitectura, Universitat Politècnica de Catalunya. CPSV - Centre de Política de Sòl i Valoracions, Marmolejo Duarte, Carlos Ramiro, Skarmeta Cornejo, Esteban, and Aguirre Núñez, Carlos Andrés
- Abstract
Postprint (published version)
- Published
- 2010
31. Le terrain à bâtir, une matière première
- Author
-
Jean Auger
- Subjects
Polymers and Plastics ,regulations ,unbuilt land ,real estate values ,transactions ,checks and taxes ,General Environmental Science ,terrains nus ,valeurs foncières ,contrôles et taxations ,réglementation - Abstract
For a site to be considered as building land, it must meet two conditions : be technically suitable for building and be registered as such in documents governing urbanism. The advisability of its use for building must also be checked from the economic point view, its price must be compatible with the objectives of the planned use. The operational urbanism which gave rise to the housing estates demonstrated these various aspects and increasingly stringent regulations have been implemented to govern the production of this land, a key factor in a land development and housing construction policy., Un terrain n'est constructible qu'à la double condition d'être techniquement apte à être construit et de figurer comme tel dans les documents réglementant l'urbanisme. L'opportunité de son utilisation pour la construction doit également être vérifiée sur le plan économique, son prix devant être compatible avec les finalités de l'emploi envisagé. L'urbanisme opérationnel dont sont issus les grands ensembles a mis en évidence ces différents aspects et une réglementation de plus en plus développée est venue encadrer la production de ce terrain, élément fondamental d'une politique d'aménagement du territoire et de la construction de logements., Auger Jean. Le terrain à bâtir, une matière première. In: Villes en parallèle, n°38-39, décembre 2004. Des grands ensembles à la banlieue. Témoignages sur une page de l'histoire urbaine française. pp. 66-83.
- Published
- 2004
32. Selling Your Home? It's What's on the Outside That Counts.
- Author
-
Bonislawski, Adam
- Subjects
- *
HOUSE selling - Published
- 2020
33. Uma investigação empírica sobre a curva de depreciação de valores de imóveis utilizando inferência estatística
- Author
-
Marco Aurélio Stumpf Gonzalez
- Subjects
Mercado imobiliário ,hedonic models ,real estate values ,Modelos hedônicos ,Industrial and Manufacturing Engineering ,depreciation ,real estate market ,Depreciação ,lcsh:Manufactures ,Inferência estatística ,Avaliação de imóveis ,lcsh:TS1-2301 ,statistical inference - Abstract
Os imóveis possuem grande durabilidade, e no decurso de sua vida útil, sofrem diminuições de qualidade, devidas ao uso e à desatualização funcional. Estas perdas levam à progressiva redução do valor que o imóvel atinge no mercado. O formato desta curva de desvalorização não é conhecido, à principio. Este artigo apresenta as técnicas de estimação da depreciação para um conjunto de dados. Os modelos foram encontrados por regressão múltipla, comparando-se os resultados com os obtidos empregando os coeficientes padronizados (arbitrários), na forma tradicional.The real estate goods has great durability, and its quality progressively reduces about the economic life, by functional and use. This losses goes to diminishing market value. The functional form of this curve isn t know. This paper presents the estimation techniques to depreciation, with regression analysis, comparing with the traditional (and arbitrary) coefficients.
- Published
- 1998
34. To Boost Your Home’s Value, Live Near a Highway.
- Author
-
Bonislawski, Adam
- Subjects
- *
HOME prices , *ROADS , *TRANSPORTATION , *TRAFFIC density , *REAL property - Published
- 2018
35. To Discover an Up-and-Coming Neighborhood, Look for the Museum.
- Author
-
Dizik, Alina
- Subjects
- *
HISTORIC house museums , *LUXURY housing , *GENTRIFICATION , *HOUSE buying , *REAL property - Published
- 2018
36. Damning emails sent by Mozilo?
- Author
-
Kim, Jim
- Subjects
SUBPRIME loans - Abstract
An excerpt from an electronic mail related to subprime loans sent by Angelo R. Mozilo, chief executive officer of Countrywide Financial Corp., to David Sambol is presented.
- Published
- 2014
37. Email evidence in the would-have-been Mozilo trial.
- Author
-
Kim, Jim
- Subjects
LEGAL settlement ,EMAIL ,CONSUMERS ,UNEMPLOYMENT ,LOANS - Abstract
The article offers information on the Angelo Mozilo-SEC settlement which is single event in the credit crisis and emails have proven to be less than persuasive in some financially motivated non violent crime trials. It also informs that many pay-option customers had chosen to make the minimum payment and also mentions that loans importance in higher unemployment, reduced values and slowing home sales.
- Published
- 2014
38. A Real-World Look at Monopoly Properties.
- Author
-
Bonislawski, Adam
- Subjects
- *
MONOPOLY (Game) , *BOARD games , *REAL property sales & prices - Published
- 2015
39. For History Buffs, Civil War-Era Homes for Sale.
- Author
-
Chen, Stefanos
- Subjects
- *
CIVIL war , *HOME prices , *HOUSING market , *REAL property , *DINING rooms - Published
- 2015
40. Aviation Noise Effects
- Author
-
FEDERAL AVIATION ADMINISTRATION WASHINGTON DC OFFICE OF ENVIRONMENT AND ENERGY, Newman,J S, Beattie,K R, FEDERAL AVIATION ADMINISTRATION WASHINGTON DC OFFICE OF ENVIRONMENT AND ENERGY, Newman,J S, and Beattie,K R
- Abstract
This report summarizes the effects of aviation noise in many areas, ranging from human annoyance to impact on real estate values. It also synthesizes the findings of literature on several topics. Included in the literature were many original studies carried out under FAA and other Federal funding over the past two decades. Efforts have been made to present the critical findings and conclusions of pertinent research, providing, when possible, a 'bottom line' conclusion, criterion or perspective. Issues related to aviation noise are highlighted, and current policy is presented. Specific topic addressed include: Annoyance; Hearing and hearing loss; Noise metrics; Human response to noise; Speech interference; Sleep interference; Non-auditory health effects of noise; Effects of noise on wild and domesticated animals; Low frequency acoustical energy; Impulsive noise; Time of day weightings; Noise contours; Land use compatibility; and Real estate values. This document is designed for a variety of users, from the individual completel unfamiliar with aviation noise to experts in the field. Keywords include: Helicopters; and Environmental impact.
- Published
- 1985
41. A Market-Consumer Model of Residential Property Values.
- Author
-
TEXAS UNIV AT AUSTIN CENTER FOR CYBERNETIC STUDIES, Haynes,Kingsley E., Phillips,Fred Y., White,Gerald M., TEXAS UNIV AT AUSTIN CENTER FOR CYBERNETIC STUDIES, Haynes,Kingsley E., Phillips,Fred Y., and White,Gerald M.
- Abstract
The paper presents a model of residential property values which is more complete and theoretically grounded than previous regression studies of environmental pollution and land values. Using the distribution model of linear programming a constrained regression hypothesis is presented which strongly interacts with the theory that generated it. The full use of dual evaluators for estimation purposes is a central feature of the new model, and is an innovative contribution. It is not necessary to observe the purchase price of individual properties, since these (and interval estimates of other offer prices) follow theoretically from the regression results. Having characterized a market solution to the housing allocation problem, the consumer's decision problem is considered, and his solution is shown to be in general incompatible with market conditions. This incompatibility is resolved by the use of a multipage or decomposable linear program which incorporates both consumer goals and market conditions. The method of solution of this problem reflects the gain of information leading to a residence purchase by each consumer, and demonstrated the value of the 'decomposition principle' in consumer theory.
- Published
- 1975
42. Do High-rise buildings negative affect residential prices of their neighboring housing environments?
- Author
-
Marmolejo Duarte, Carlos Ramiro, Skarmeta Cornejo, Esteban, Aguirre Núñez, Carlos Andrés, Universitat Politècnica de Catalunya. Departament de Tecnologia de l'Arquitectura, and Universitat Politècnica de Catalunya. CPSV - Centre de Política de Sòl i Valoracions
- Subjects
Urbanisme [Àrees temàtiques de la UPC] ,High-rise condos ,Real property--Prices ,Hedonic prices ,Sòl -- Preus ,Real Estate values ,GWR ,Gated communities
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