Article
Business, Finance
Yang Wang, Yang Zhou, Xinxin Yu, Xiao Liu
Summary: This study using CFPS data from 2012 to 2016 investigates whether the real estate sector drags down domestic consumption, and identifies different types of assets have varying effects on household consumption.
INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS
(2021)
Article
Materials Science, Paper & Wood
Anders Roos, Hans-Fredrik Hoen, Francisco X. Aguilar, Antti Haapala, Elias Hurmekoski, Jaakko Jussila, Katja Lahtinen, Cecilia Mark-Herbert, Tomas Nord, Ritva Toivonen, Anne Toppinen
Summary: This study examines people's requirements and preferences for multi-story housing attributes and the difference between wooden-structure and steel/concrete-structure apartments. The results show that Swedish respondents have higher requirements for environmental and social sustainability factors compared to Finnish respondents. The requirements in both countries can be categorized into three factors: environmental and social sustainability, quality, and design. Socioeconomic sub-groups and urban vs non-urban respondents have different preferences for quality-related attributes. Preferences for apartments in wooden buildings are positively associated with the requirements for environmental and social sustainability, while preferences for apartments in non-wooden structure houses show the opposite relationship in the Swedish sample. Design requirements have no significant association with preferences for a specific material in load-bearing structures in both countries.
WOOD MATERIAL SCIENCE & ENGINEERING
(2023)
Article
Business, Finance
Pieter Gautier, Arjen Siegmann, Aico van Vuuren
Summary: The study discovers that sellers who use internet agents on a Dutch online listing platform can achieve higher prices and faster sales, but they are also more likely to switch to traditional agents or fail to sell.
JOURNAL OF EMPIRICAL FINANCE
(2023)
Article
Computer Science, Information Systems
Evert Guliker, Erwin Folmer, Marten van Sinderen
Summary: This paper compares three hedonic pricing models to model real estate appraisals values for five large municipalities in different parts of the Netherlands, with XGBoost model showing the highest accuracy. The key variables in the model are the total living area and taxation value, but the remaining unexplained variance may be caused by the lack of good indicators for the condition of the house.
ISPRS INTERNATIONAL JOURNAL OF GEO-INFORMATION
(2022)
Article
Economics
Bianca Biagi, Steven B. Caudill, Laura Ciucci, Claudio Detotto, Franklin Mixon
Summary: Investors in the Corsican housing market have stronger bargaining power, with their bargaining power increasing as the property size increases and the distance from the sea is longer.
Article
Construction & Building Technology
Eduard Hromada, Renata Schneiderova Heralova, Klara Cermakova, Marian Piecha, Bozena Kaderabkova
Summary: The article compares the impact of crisis on the real estate markets in two regions of the Czech Republic with different macroeconomic conditions. One region, Prague, represents a rich and developed area, while the other region, Karlovy Vary, faces socio-economic and structural challenges. The analysis conducted from 2018 to 2022 examines factors such as apartment prices, housing availability, real estate market turnover, liens on real estate, transfers from state to private ownership, and real estate foreclosures. Findings show a significant decline in mortgage loans granted in 2022, resulting in a decrease in total real estate transactions. The study suggests that potential buyers should wait for property price reductions, while rental property owners and investors can take advantage of increased demand.
Article
Business
Hongru Zhang, Zhiqiang Fang
Summary: Construction delays have varying effects on the real estate market and macroeconomic fluctuations, amplifying housing price fluctuations due to demand-side shocks and mitigating the effect of supply-side shocks. These delays weaken the influence of policy shocks on output volatility but increase their influence on house price fluctuations. Loan-to-value ratio is effective in stabilizing the housing market in the short run under construction delays, while interest rate policy has a more persistent impact in the longer term.
EMERGING MARKETS FINANCE AND TRADE
(2021)
Article
Construction & Building Technology
Markku Karjalainen, Huseyin Emre Ilgin, Dennis Somelar
Summary: This paper explores the application of wooden additional floor construction in Finnish housing and real estate companies, emphasizing the importance of analyzing commercial conditions, city plan changes, building regulations, and efficient communication in successful implementation. Wooden additional floor construction holds great potential for success in construction technology and collaboration mechanisms, with numerous advantages in terms of environment, economy, and aesthetics.
Article
Business
Ricardo Urrestarazu Capellan, Jose Luis Sanchez Ollero, Alejandro Garcia Pozo
Summary: Real estate investment trusts have played a significant role in the Spanish real estate market since 2013, particularly in the Costa del Sol region. While they lead in the real estate development sector, their professional marketing of residential rentals needs improvement.
EUROPEAN RESEARCH ON MANAGEMENT AND BUSINESS ECONOMICS
(2021)
Article
Environmental Studies
Billie Martiniello, Pieter-Paul Verhaeghe
Summary: This study examines the relationship between the ethnic and socio-economic composition of a neighborhood and levels of discrimination in the rental housing market. The findings suggest that ethnic discrimination decreases after one third of the neighborhood population consists of ethnic minorities. Lower socio-economic composition is associated with lower general invitation rates. Additionally, a higher percentage of ethnic minorities in the neighborhood of a real estate agency leads to lower general invitation rates, while the socio-economic composition of the agency's neighborhood has no impact.
Review
Construction & Building Technology
Felicia Di Liddo, Debora Anelli, Pierluigi Morano, Francesco Tajani
Summary: The COVID-19 pandemic has had a significant impact on the real estate market, leading to changes in dynamics and new trends. This research conducted a systematic literature review to identify the aspects of the real estate market impacted by COVID-19 and to understand how dynamics have changed. The findings reveal that the housing market has been the most analyzed, the period between 2021 and 2022 has seen the most scientific research, and the US real estate market has been the most studied.
Article
Environmental Studies
Lucia Shimbo, Fabrice Bardet, Jose Baravelli
Summary: This article examines the emergence and repositioning of large-scale real estate developers in Brazil's "My House, My Life" housing program, which is closely connected to international investor requirements and utilizes systematic financial valuations. It argues for an extended notion of financialization of housing policies, highlighting the transformation of housing provision structure through the circulation of financialized valuations in private agents' activities.
Review
Green & Sustainable Science & Technology
Arturas Kaklauskas, Edmundas Kazimieras Zavadskas, Natalija Lepkova, Saulius Raslanas, Kestutis Dauksys, Ingrida Vetloviene, Ieva Ubarte
Summary: This study presents the interrelations of sustainable construction investment and real estate development (CIRED) pre-, intra-, and post-COVID-19, using quantitative analysis and various methodologies. The focus is on the responses from the real estate and construction sector during the pandemic, which is a rapidly expanding field of research. The research also stands out for its integrated analysis of the COVID-19 pandemic, national policies, business investment strategies, and stakeholder interests in the context of CIRED.
Article
Economics
Thi Thu Ha Nguyen, Faruk Balli, Hatice Ozer Balli, Iqbal Syed
Summary: This study scrutinizes the dynamics of connectedness across returns of three markets, with results showing a significant degree of connectedness that increased sharply during the recent global financial crisis. Securitized real estate played a dominant shock transmitting role during this period, while direct real estate markets acted as the main shock information receiver in certain countries.
Article
Economics
J. Scott Davis, Kevin X. D. Huang, Ayse Sapci
Summary: This study examines the collateral channel and finds that the impact of residential house price increase on firm investment weakens when residential and commercial real estate are not perfect substitutes. Bayesian estimation and variance decompositions suggest that imperfect substitution between residential and commercial land reduces the effectiveness of the collateral channel.
JOURNAL OF ECONOMIC DYNAMICS & CONTROL
(2022)