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The article applies the method of historical research, using a temporal perspective dating back to 1985, to trace the evolution of market valuation principles for real estate in Poland. These principles evolved similarly to those in many other post-socialist countries, influenced by political and socio-economic transformations and the resulting list of objectives for which these values became essential. The changing legal regulations allowing for the emergence and development of a free real estate market played a decisive role in this process. It was also a period of preparing real estate valuation professionals to meet these requirements. Today, the methodology of valuation, under increasing pressure from various real estate market entities and the rapid advancement of intelligent data collection and processing technologies, is undergoing further evolution. In many countries, including Poland, lively discussions and disputes are ongoing regarding the legal authorization of statistical tools and automated valuation models in valuation practice. These possibilities are being considered particularly in the context of mass property valuations for tax purposes. The methodology involves the analysis of Polish legal provisions, foreign literature, and documents proving the gradual marketization of valuation principles.

The study addresses the problem of diverse housing conditions experienced by seniors in Poland and equipping their apartments with installations improving the quality of life for people with reduced mobility, taking into account various forms of residential premises ownership: a condominium, a cooperative apartment and a council flat. The study aimed at providing answers to a number of questions, including: what is the readiness to change an apartment into a council flat adapted to the needs of people with mobility limitations, taking into account the current ownership status of the apartment (condominium, cooperative member’s ownership right to residential premises, the right to rent a flat from the council-owned housing resources).

In Turkey, the housing market is affected by various factors, and housing prices are shaped according to current conditions. In this study, the relationship between the housing price index (HPI) and economic variables (inflation and exchange rate) in Turkey was investigated. We used a 10-year time period for this study, from January-2010 to December-2019, with monthly data frequency. For our research, we employ the Wavelet Coherence Transformation (WCT) method. The results show that there is a positive relationship between inflation and housing prices in the short and long run. In addition, a continuous rise in inflation led to an increase in housing prices all over the period from 2010 to 2019. The findings of this study can aid in achieving the goal of the research by offering evidence-based perceptions of how housing prices and different economic variables are related. Housing costs in Turkey increased as a result of the substantial likelihood that the Turkish lira would weaken. The expansion of global inflation is a further anticipated factor contributing to the rise in housing costs in Turkey. This study can also be used by investors to help them decide whether to engage in the Turkish real estate industry.

This article addresses the issue of the utility of money and the utility of housing with a value equivalent to that amount of money. The literature provides many reports on the shape of the utility function for money, but much less research has been devoted to the utility function for housing. The aim of this study was to estimate the utility function of money and housing according to the cumulative prospect theory (CPT) developed by Tversky and Kahneman (1992). Parameters alpha (α), beta (β), and lambda (λ) were estimated to compare the utility value of money and housing. The most important conclusions of the study are as follows: parameters alpha and beta were greater than 0 and less than 1 for both housing and money. Function v(x) was concave in the gain domain and convex in the loss domain, which is consistent with the CPT. The differences in the lambda parameter denoting loss aversion were not significant, and the value of the utility function was somewhat higher for money than for housing. This study was undertaken to estimate the CPT parameters for housing, which, according to the authors’ best knowledge, has not been investigated to date.

Satisfactory housing conditions define, in many aspects, people’s comfort and a high standard of living. The psychological and social characteristics of residents strongly determine housing needs and preferences. They also depend on economic, spatial, technical, and cultural factors. The Covid-19 pandemic, which humankind had been experiencing for two years, influenced all spheres of human life, especially inhabitation. The functional program of homes has changed, as well as public spaces, transportation and social ties. While the future is uncertain, the many changes provoked by the pandemic might become irreversible.

As an important component of student lifestyle, satisfaction with residential housing has become important in examining student housing quality and services. The current study used five attributes – bedroom environment, building quality, washroom facilities, support services, and leisure room facilities – to examine the relationship between student satisfaction with and loyalty to their residential housing. Each construct was measured using four items on a five-point Likert scale, ranging from 1 ‘Strongly disagree’ to 5 ‘Strongly agree’. The data were collected from South African students aged 18 years and above in tertiary institutions in Johannesburg, using paper-based questionnaires. Four hundred and forty-three (443) usable questionnaires were obtained for the analysis. The results showed that all the attributes, except for the bedroom environment, had a positive and significant relationship with student loyalty to student housing, although the effect was small for all the attributes. The control variables – age and gender – showed a similar relationship in regards to student loyalty. Academic and management implications of this study’s results are also discussed extensively. Overall, students’ satisfaction with residential housing dimensions has a positive and significant impact on their loyalty to the providers of residential housing.

This paper provides an overview of the challenges of management of facilities at public universities in Africa. Results reveal that: poor condition and the overcrowding of facilities, limited skills and capabilities of facility management departments, and lack of financial resources are the main challenges which the management of facilities at public universities in Africa faces. In worse situations, these problems have adversely affected the quality of the learning and teaching environment at the institutions and also threatened their existence. Prioritization of funding for the provision and improvement of quality facilities at public universities by governments, employment of well qualified and trained staff in the facility management departments at the public universities, and creation of innovative and smarter public-private partnerships aimed at the improvement of existing facilities and provision of new ones were identified as the key solutions that can be implemented to address the challenges that public universities in Africa are facing in relation to facilities. Findings will support public universities in Africa to address challenges of management of their facilities so that they can continue to achieve their intended objectives of offering high quality higher education, research and community engagement in order to accelerate socio-economic development of their countries on the continent in the future.

This paper examines the response of household debt to households' perception of house prices using data from the first wave of the Household Finance and Consumption Survey. Whereas the literature has hitherto emphasized the effects of housing wealth on consumption, this study concentrates on the effects on debt accumulation—distinguishing mortgage debt from non-mortgage debt and inspecting over-indebtedness. Different measures of housing wealth are considered, controlling for tenure years. The findings reveal that the effects of housing wealth differ by type of loans and with the measure of housing wealth. Over-indebtedness is driven by the same factors that determine mortgage debt, suggesting a strong association between having outstanding liabilities from the primary residence and the risk of entering into default. Further estimations by different income and wealth classes revealed dissimilar housing wealth effects, with non-mortgage debt tending to rise among lower-income households and over-indebtedness tending to be larger among the wealthier. [ABSTRACT FROM AUTHOR]

This study examines the relationship between home ownership status and individual subjective wellbeing in urban China. Using data from the Chinese General Social Survey, this study finds that home ownership is positively associated with one's overall happiness, which is consistent with previous findings reported in the literature. Importantly, we find that the association between home ownership and subjective wellbeing varies across ownership types. Joint ownership wherein property is jointly owned by spouses is associated with higher levels of happiness relative to sole ownership wherein property is solely owned by the husband or the wife. In terms of sole ownership, property rights held by a spouse is associated with higher happiness compared with that held by oneself. We also explore mechanisms through which joint ownership provides an increased sense of security in marriage and marrying a home owner increases one's social class. In addition, we find that owning a home increases the happiness of households with male offspring, whereas it exerts a negative effect on households with female offspring. [ABSTRACT FROM AUTHOR]

The Presented research aims to analyze the Lithuanian and Polish housing markets in terms of the quality of life in new residential buildings. The article presents the concept of customer satisfaction in construction and criteria that define the quality of dwellings; the benefits, consequences, merits and demerits of the assessment of customer satisfaction are also named. A survey of customer satisfaction helps to evaluate the quality of dwellings according to their technical and functional parameters, as well as the degree of cooperation between customers and developers/contractors. The customer satisfaction index (CSI) was calculated for both countries. The results are useful for developers, contractors, facility management companies and building users.

This paper highlights a previously undocumented observation regarding the heterogeneity of the association between entrepreneurship and homeownership across ownership through different pathways. Our empirical work based on large individual-level microdata from China's Urban Household Survey (UHS) suggests that, while owners of market housing do not differ much from renters in terms of the odds of entrepreneurship entry, owners of privatized public housing are associated with significantly less propensity for entrepreneurial engagement and owners of inherited housing are correlated with a much higher prevalence of entrepreneurship. In addition, our empirical findings suggest that the associations between homeownership and entrepreneurial engagement vary with housing value. These findings remain consistent across a wide variety of model specifications, including models controlling for the potential endogeneity between homeownership and entrepreneurship. We provide some preliminary rationalization of these findings and discuss their policy implications. [ABSTRACT FROM AUTHOR]

Planning for transport infrastructure requires forecasting of future travel demand. Various factors such as future population, employment, and the travel behaviour of the residents drive travel demand. In order to better understand human travel behaviour, household travel surveys—which require participants to record all their trips made during a single day or over a whole week—are conducted. However, the daily travel routines of people can be very complex, including routes with multiple stops and/or different purposes and often may involve different modes of transport. Visualisations that are currently employed in transport planning are, however, limited for the analysis of complex trip chains and multi-modal travel. In this paper, we introduce a unique visualisation approach which simultaneously represents several important factors involved in analysing trip chaining: number and type of stops, the quantity of traffic between them, and the utilised modes of transport. Moreover, our proposed technique facilitates the inspection of the sequential relation between incoming and outgoing traffic at stops. Using data from the South-East Queensland Travel Survey 2009, we put our developed algorithm into practice and visualise the journey-to-work travel behaviour of the residents of inner Brisbane, Australia. Our visualisation technique can assist transport planners to better understand the characteristics of the trip data and, in turn, inform subsequent statistical analysis and the development of travel demand models. [ABSTRACT FROM AUTHOR]

The article aims to analyze the Lithuanian housing market and to look into the satisfaction of people with living conditions in new apartment buildings on this market. The article presents the concept of customer satisfaction in construction and the criteria that define the quality of dwellings; the benefits, consequences, merits and demerits of the assessment of customer satisfaction are also named. A survey of customer satisfaction helped to evaluate the quality of dwellings according to their technical and functional parameters, as well as the degree of cooperation between customers and contractors/builders. The customer satisfaction index (CSI) and the degree of loyalty were calculated, and then a customer satisfaction matrix was built up.

Regression models often suffer from multicollinearity that greatly reduces the reliability of estimated coefficients and hinders an appropriate understanding of the role of independent variables. It occurs in regional science especially when independent variables include the distances from urban facilities. This paper proposes a new method for deriving the configuration of sample points that reduces multicollinearity in regression models with distance variables. Multicollinearity is evaluated by the maximum absolute correlation coefficient between distance variables. A spatial optimization technique is utilized to calculate the optimal configuration of sample points. The method permits us not only to locate sample points appropriately but also to evaluate the location of facilities from which the distance is measured in terms of the correlation between distance variables in a systematic way. Numerical experiments and empirical applications are performed to test the validity of the method. The results support the technical soundness of the proposed method and provided some useful implications for the design of sample location. [ABSTRACT FROM AUTHOR]

In the past decades, affordability has become a more important issue in housing research. The recent subprime mortgage crisis has shed light on the imperative need to address the affordability challenge. The purpose of this paper is to analyse the housing affordability constraint from a conceptual and analytical standpoint by highlighting its role in a dynamic life cycle modelling framework. We attempt to assess quantitatively the impact of the affordability constraint on households’ optimal consumption, mortgage, portfolio choices and poverty status over their lifetime. Meanwhile, we investigate the interaction between borrower-based macroprudential policies and social policies aimed at improving poverty and fostering home ownership and credit availability. Based on our simulation results, the mortgage affordability constraint is shown to have a significant impact in the prime and subprime mortgage markets. Moreover, the sensitivity analysis confirms the findings of the baseline case and emphasises that there is a non-linear (hump-shaped) relationship between affordability degrees and housing-caused poverty, particular in the age groups above 40. This implies that, in the light of the age profile of households and the features of mortgage credit markets, the magnitudes of the borrower-based macroprudential policies need careful assessment to minimise the potential conflicts with other social policies. [ABSTRACT FROM AUTHOR]

Copyright of Regional Studies is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Regional Studies is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The spatial dimension of rural-urban linkage has become a new subject of debate in regional development. In most empirical research the focus has usually been on the role of small urban centers in rural development. However, the effects of different particulars of the linkage such as spatial proximity to small towns on income of the hinterlands' people have been less explored. The central purpose of this paper is, hence, assessing the effect of spatial proximity to small towns on income of the people living in the surrounding rural hinterlands. It also provides a bird's-eye view of the livelihood strategies used by rural households in using town services. A propensity score matching technique is employed to estimate the effects. It is apparent in the results of the study that, controlling for other confounding factors, spatial proximity to small towns has a significantly positive effect on the income of the people living in the surrounding hinterlands. This notion indirectly leads the households living in the farthest hinterlands to adopt a new coping mechanism, i.e. enhancing their social proximity in a way that compensates the opportunity lost as a result of physical distance. [ABSTRACT FROM AUTHOR]

Este trabajo muestra cómo se analiza la dinámica inmobiliaria y la estructuración residencial urbana en teoría económica. Expone los axiomas fundamentales de la síntesis espacial neoclásica y sus explicaciones, a la que considera ambiguas e insatisfactorias, aunque elegantes. Presenta las críticas heterodoxas a los axiomas fundamentales y a las hipótesis del equilibrio espacial, y señala los aportes de la heterodoxia al estudio de la dinámica inmobiliaria residencial.

This study re-examines the relationships between school performance (at the high school level) on standardized exams and both teacher pay/salaries and teacher quality, where the latter is measured by teachers' human capital. To undertake this analysis, we employ Academic Performance Index (API) data from high schools in Los Angeles County (CA) to measure school performance. Heteroscedasticity-consistent OLS results indicate that both teacher pay and teacher quality exercise positive impacts upon school performance. Indeed, an increase from lowest to highest (i.e., over the entire range) of teacher pay and teacher quality, ceteris paribus, generates high school performance increases of approximately three and six percentage points, respectively. [ABSTRACT FROM AUTHOR]

Using Danish longitudinal data with information about wealth for a sample of first-time house buyers and their parents, we test whether there are direct financial transfers from parents to children in connection with the house purchase, or in connection with unemployment spells occurring just after the purchase, when children typically hold few liquid assets. First, we document that child and parent financial resources are correlated. Then, we introduce conditioning variables and exploit the panel aspect of the data to also condition on fixed unobserved factors, which arguably govern preferences and/or productivity. We find no evidence of direct financial transfers. [ABSTRACT FROM AUTHOR]