Interests And Behaviours Of Real Estate Market Actors In Commercial Property Valuation

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Interests and Behaviours of Real Estate Market Actors in Commercial Property Valuation

Author : Alina Nichiforeanu
Publisher : Routledge
ISBN 13 : 1000089649
Total Pages : 121 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Interests and Behaviours of Real Estate Market Actors in Commercial Property Valuation by : Alina Nichiforeanu

Download or read book Interests and Behaviours of Real Estate Market Actors in Commercial Property Valuation written by Alina Nichiforeanu and published by Routledge. This book was released on 2020-07-26 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a theory-led conceptual account of the Principal-Agent problem and related concepts of Behavioural Real Estate economics, a decade after the real estate crisis of 2008. Data from 52 qualitative interviews undertaken with appraisers, real estate brokers, and property owners is used to argue that the reality is more nuanced and influenced by the interests of the different real estate market actors. The book provides a sketch of the relationship dynamics between real estate investors and service providers in the markets of Austria and Central and Eastern Europe. While the investors manage real estate portfolios and have to deal with particular legal systems, regulations, and norms, they often appoint service providers who have a comprehensive understanding of the local context. This work aims to highlight that this relationship between the real estate market actors creates an information asymmetry that may constitute the basis of conflicts of interest as well as Principal-Agent problems. Furthermore, the work underlines that the services provided by appraisers and real estate brokers to investors may strongly influence the profit the investor can generate from a transaction. It could be therefore inferred that the investor inclines towards a certain type of result from a service provider over the others. The present research has revealed that the investors are guided by certain interests and undertake to steer the service providers in a favoured direction. This book is essential reading for anyone interested in the nuances of Behavioural Economics and real estate.

The Endowment Effect and Housing Markets

Author : Mateusz Tomal
Publisher : Taylor & Francis
ISBN 13 : 1040156398
Total Pages : 129 pages
Book Rating : 4.0/5 (41 download)

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Book Synopsis The Endowment Effect and Housing Markets by : Mateusz Tomal

Download or read book The Endowment Effect and Housing Markets written by Mateusz Tomal and published by Taylor & Francis. This book was released on 2024-08-14 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to provide a comprehensive analysis of the so-called “endowment effect” in the housing market. In a nutshell, the phenomenon of overvaluing things we own which was first conceptualised in 1980 and has since been one of the most studied behavioural biases in economics. The first chapter presents a systematic review of the literature on the endowment effect in the housing market, together with the identification of research gaps to be filled by other researchers. The second chapter aims to propose a theoretical model explaining the strength of the endowment effect in sales and rental housing markets by primary and secondary markets. The last chapter presents the results of empirical research on the endowment effect in the Polish housing market, testing the model presented in Chapter 2. The chapters can be read together or independently by researchers, students, and policymakers interested in behavioural economics in housing and real estate. For policymakers, the book can be extremely useful as the endowment effect can create friction in the housing market because of a mismatch between the price demands of sellers and buyers, especially in countries where the level of market professionalisation is low (such as Poland). Thanks to the empirical research contained in this book, it will be possible to identify specific market segments where the endowment effect may be particularly elevated – on such segments, policymakers should introduce actions contributing to the elimination of this behavioural bias.

New Frontiers in Real Estate Finance

Author : Patrick Lecomte
Publisher : Routledge
ISBN 13 : 1000394972
Total Pages : 219 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis New Frontiers in Real Estate Finance by : Patrick Lecomte

Download or read book New Frontiers in Real Estate Finance written by Patrick Lecomte and published by Routledge. This book was released on 2021-06-03 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduces three innovative concepts and associated financial instruments with the potential to revolutionize real estate finance Covers methodological issues pertaining to real estate risk analysis factors Proposes concepts and methods for identifying, pricing and trading these new property rights. Essential reading for all real estate, finance and smart technology researchers and professionals

Marxism and Real Estate Development

Author : Julian Roche
Publisher : Taylor & Francis
ISBN 13 : 1000938123
Total Pages : 302 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis Marxism and Real Estate Development by : Julian Roche

Download or read book Marxism and Real Estate Development written by Julian Roche and published by Taylor & Francis. This book was released on 2023-09-01 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book straddles two worlds and attempts to bring them together: that of Lefebvre's Marxism on the one hand, and that of real estate development on the other. Lefebvre has now become a household name amongst many contemporary Marxists, especially those with an interest in urban planning and certain quarters of the architectural profession, however his work is far less well known by real estate professionals, whether investors, developers, brokers, or, indeed, policymakers. Marxism and Real Estate: Taking Lefebvre Seriously has both a large scope and a very bold aim – to use an explication and analysis of the work of Henri Lefebvre not only to present a critique of development, but, also to draw these two worlds together. It therefore, first, aims to present the arguments of this increasingly well-known French Marxist philosopher, sociologist, and pioneer of urban studies; second, to situate contemporary real estate development in the light of Lefebvre's work; and third, to analyse the potential application of Lefebvre’s work to each of the major components of contemporary real estate, to use Lefebvre's work in order to recommend practical action for developers, working alongside planners and architects, to influence the future of global real estate. As well as its direction at developers themselves, this book should be of interest to economists, real estate researchers and professionals, planners, urban studies scholars and, of course, to those interested in the application of Lefebvre's work to real estate.

The Economics of Commercial Property Markets

Author : Michael Ball
Publisher : Routledge
ISBN 13 : 113474966X
Total Pages : 422 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis The Economics of Commercial Property Markets by : Michael Ball

Download or read book The Economics of Commercial Property Markets written by Michael Ball and published by Routledge. This book was released on 2012-10-12 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new text provides a rigorous analysis of real estate markets. Three main sections cover: microeconomics of property markets the macroeconomics of commercial property the financial economics of property Global empirical examples illustrate the theories and issues. This often complex area is made accessible: each chapter contains a boxed summary and questions for self-testing or discussion.

Commercial Property Valuation

Author : Giacomo Morri
Publisher : John Wiley & Sons
ISBN 13 : 1119512123
Total Pages : 245 pages
Book Rating : 4.1/5 (195 download)

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Book Synopsis Commercial Property Valuation by : Giacomo Morri

Download or read book Commercial Property Valuation written by Giacomo Morri and published by John Wiley & Sons. This book was released on 2019-08-05 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical guide to the best approaches for commercial real estate value assessment Commercial Property Valuation provides a comprehensive examination of principles and methods of determining the accurate value of commercial assets. This invaluable resource covers all key elements of commercial property valuation, including valuation queries, real estate report structure, market analysis, capitalization and discount rates estimation, and more. This book details the economic characteristics unique to commercial property and illustrates property-specific risk factors and mitigation strategies. Drawing from years of professional and academic experience, the authors provide accurate information on multiple valuation approaches suitable for commercial real estate such as sales comparison, income capitalization and residual land value. Favoring real-world practicality over complex formulas, this book provides a powerful set of tools to assist readers in selecting and applying the best valuation approach to various situations. Actual case studies of office buildings, hotels, high street retails, and residential developments allow readers to understand and apply appropriate valuation methodologies. Commercial property is a major investment class that offers abundant opportunities but poses unique risks. Thorough and inclusive knowledge is essential to success in this complex and competitive sector of real estate. This book provides expert coverage of critical topics allowing readers to: Identify the unique economic characteristics and potential risks of commercial real estate valuation and investment Focus on methods specific to commercial real estate valuation Learn how to select and apply the appropriate valuation method in a variety of scenarios Access sample Excel spreadsheets and ancillary online resources including slides and useful Internet links Commercial Property Valuation is an essential resource for investors, appraisers, consultants, accountants, and students in real estate courses.

Property Valuation and Market Cycle

Author : Maurizio d'Amato
Publisher : Springer Nature
ISBN 13 : 3031094506
Total Pages : 326 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Property Valuation and Market Cycle by : Maurizio d'Amato

Download or read book Property Valuation and Market Cycle written by Maurizio d'Amato and published by Springer Nature. This book was released on 2022-09-28 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the role of the property market cycle in real estate valuation. Challenging traditional property valuation methods that rely on current market conditions and economic trends, this book argues for a re-evaluation of the relationship between property valuation and cycles in property markets. The book is divided into two parts. The first part gathers research on property market cycle analysis and the delicate problems dealing with property market information including the development of the real estate market index, appraisal bias, and the use of time series in plotting the market cycle. The second part proposes several possible modifications to the traditional income approach methodologies, including cyclical capitalization and the hedonic price method. Furthermore, this part also addresses the need for amendments to current s property valuation standards and institutional regulations. Written by an international cross-section of expert voices in market cycles and property valuation, the book is a comprehensive resource for any researcher or upper-level student studying economic volatility.

Advanced Issues in Property Valuation

Author : Hans Lind
Publisher : John Wiley & Sons
ISBN 13 : 1119783364
Total Pages : 164 pages
Book Rating : 4.1/5 (197 download)

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Book Synopsis Advanced Issues in Property Valuation by : Hans Lind

Download or read book Advanced Issues in Property Valuation written by Hans Lind and published by John Wiley & Sons. This book was released on 2021-05-24 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover an insightful new text covering advanced problems in real property valuation In Advanced Issues in Property Valuation, real estate valuation experts and authors Hans Lind and Bo Nordlund provide a deep understanding of the concepts, theories, methods and controversies in property valuation. The book introduces readers to controversies and discussions in real estate valuation, including the relevance of market value for valuation for lending purposes, how uncertainty in property valuations should be interpreted, and the relationship between market value and fair value in financial reporting. Readers will also benefit from the inclusion of: A thorough introduction to the concepts, theories, methods and problems in real estate property valuation An exploration of the relevance of market value for valuation for lending purposes A practical discussion of how uncertainty in property valuations should be interpreted A concise treatment of the relationship between market value and fair value in financial reporting An examination of how concerns about sustainability and other structural changes can affect property valuation Perfect for graduate level students in courses involving valuation or real estate, Advanced Issues in Property Valuation is also an excellent resource for real estate practitioners who wish to update and deepen their knowledge about property valuation.

Property Valuation

Author : Peter Wyatt
Publisher : John Wiley & Sons
ISBN 13 : 1118624688
Total Pages : 455 pages
Book Rating : 4.1/5 (186 download)

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Book Synopsis Property Valuation by : Peter Wyatt

Download or read book Property Valuation written by Peter Wyatt and published by John Wiley & Sons. This book was released on 2013-05-13 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new edition of the ‘all in one' textbook for the postgraduate study of valuation on real estate courses retains its focus on the valuation and appraisal of commercial and industrial property across investment, development and occupier markets. It is structured from the client perspective and covers single-asset pricing, risk and return issues. The structure of the book has been substantially revised. Part A introduces the key microeconomic principles, focussing on land as a resource, production functions, supply and demand and price determination. The locational aspect of real estate is also introduced. Macroeconomic considerations are categorised by the main market sectors (and their function); the market for land (development), for space (occupation) and for money (investment). The economic context is set and the author then explains why property valuations are required and discusses the main determinants of value and how they might be identified. The mathematics required to financially quantify value determinants are also introduced. Part B of the book describes the methods of valuation; Part C applies these methods to the valuation of a range of property types for a wide variety of purposes; and Part D covers investment and development appraisal. The author introduces valuation activities from a broad economic perspective, setting valuation in its business finance context and combining its academic and practical roots. Changes in this second edition include: less daunting economics expanded companion website with PowerPoint slides for lecturers, self-test Questions & Answers for students: see www.wiley.com/go/wyattpropertyvaluation up-to-date case studies and sample valuations reference to the newly-published Red Book (the valuer’s bible) Property Valuation with its user-friendly format, using tried-and-tested teaching and learning devices and a clear writing style, remains the core text for students on real estate, estate management and land economy degree courses, as well as for fast-track conversion courses for non-cognate graduates.

Information Economics with Real Estate Applications

Author : Fredrik Armerin
Publisher : Taylor & Francis
ISBN 13 : 1000886689
Total Pages : 202 pages
Book Rating : 4.0/5 (8 download)

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Book Synopsis Information Economics with Real Estate Applications by : Fredrik Armerin

Download or read book Information Economics with Real Estate Applications written by Fredrik Armerin and published by Taylor & Francis. This book was released on 2023-06-13 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Information Economics with Real Estate Applications provides the reader with an academic toolkit to understand strategic interactions of individuals and companies in a world of scarce resources and asymmetric information. Beyond theoretical frameworks and models, examples in the real estate and construction industry are used to illustrate the practical relevance of the concepts discussed. Property developers, brokers, construction firms and investment managers – as individuals or companies – make decisions in response to their clients’, customers’ and partners’ behaviours. To align conflicting interests and achieve optimal outcomes for individuals, companies and society at large, those interactions need to be governed efficiently. Using models from microeconomics and contract theory, this book helps the reader to analyse the complex relations between different industry stakeholders from the perspective of markets and organisations. Although it mainly targets students at the Masters or PhD level in real estate or similar subjects without previous knowledge in information economics, the general theory presented should be of interest to any student who wants an introductory text in information economics. At the same time, by building upon real-world examples, the book allows industry practitioners to reflect on and optimise their strategic decision-making in a more structured way.

Aspects of Real Estate Theory and Practice in Zimbabwe

Author : Innocent Chirisa
Publisher : African Books Collective
ISBN 13 : 9956551600
Total Pages : 347 pages
Book Rating : 4.9/5 (565 download)

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Book Synopsis Aspects of Real Estate Theory and Practice in Zimbabwe by : Innocent Chirisa

Download or read book Aspects of Real Estate Theory and Practice in Zimbabwe written by Innocent Chirisa and published by African Books Collective. This book was released on 2019-08-23 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: The subject of real estate is increasingly becoming important, especially in the countries of the developing world. States and governments realise that real estate is a corner stone of socio-economic development. Real estate development contributes immensely to the gross physical capital formation. Its formation, construction and ancillary sectors contribute to the employment, infrastructure development and gross domestic product. The main challenges about real estate is about where to develop it, how to develop it, how to manage and compute valuations about it. Such are the issues discussed in this volume. The book draws on Zimbabwe as a case study, to demonstrate the critical aspects that define theory and real estate practice in various contexts national, regional and international.

The Microstructures of Housing Markets

Author : Susan J. Smith
Publisher : Routledge
ISBN 13 : 1317968034
Total Pages : 217 pages
Book Rating : 4.3/5 (179 download)

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Book Synopsis The Microstructures of Housing Markets by : Susan J. Smith

Download or read book The Microstructures of Housing Markets written by Susan J. Smith and published by Routledge. This book was released on 2013-10-31 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: House prices and mortgage debt have moved to centre stage in the management of national economies, regional development and neighbourhood change. Describing, analysing and understanding how housing markets work within and across these scales of economy and society has never been more urgent. But much more is known about the macro-scales than the microstructures; and about the economic rather than social drivers of housing market dynamics. This book redresses the balance. It shows that housing markets are social, cultural and psychological – as well as economic – affairs. This multidisciplinary approach is helpful in understanding the economic staples of supply, demand, price and information. It also casts new light on the emotional and political economy of markets.

Real Estate Valuation Theory

Author : Manya M. Mooya
Publisher : Springer
ISBN 13 : 3662491648
Total Pages : 193 pages
Book Rating : 4.6/5 (624 download)

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Book Synopsis Real Estate Valuation Theory by : Manya M. Mooya

Download or read book Real Estate Valuation Theory written by Manya M. Mooya and published by Springer. This book was released on 2016-03-17 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph critically reviews and updates real estate valuation theory, which is based on neoclassical economics, in light of developments in heterodox economic theory. Building on a comprehensive historical account of the evolution of value theory, the book uses new institutional economics theory and critical realism as lenses through which problems in standard valuation theory and practice are expatiated, and as the foundation for an alternative theory. The new theory is employed to explain major problems in real estate valuation that are beyond the capability of the standard theory, such as price bubbles in real estate markets, anchoring bias, client influence and valuation under uncertain market conditions.

Environment and Planning

Author :
Publisher :
ISBN 13 :
Total Pages : 596 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Environment and Planning by :

Download or read book Environment and Planning written by and published by . This book was released on 1999 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Environment & Planning A.

Author :
Publisher :
ISBN 13 :
Total Pages : 1182 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Environment & Planning A. by :

Download or read book Environment & Planning A. written by and published by . This book was released on 1999-07 with total page 1182 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bank Lending and Commercial Property Cycles

Author : E. Philip Davis
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Bank Lending and Commercial Property Cycles by : E. Philip Davis

Download or read book Bank Lending and Commercial Property Cycles written by E. Philip Davis and published by . This book was released on 2004 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bulletin of the Atomic Scientists

Author :
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4./5 ( download)

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Book Synopsis Bulletin of the Atomic Scientists by :

Download or read book Bulletin of the Atomic Scientists written by and published by . This book was released on 1955-04 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.