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The Use of Public Space During the Epidemic 疫情期间公共空间的使用
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2023-03-01 DOI: 10.2478/remav-2023-0001
A. Barańska, Konrad P. Eckes
ABSTRACT At the beginning of this article, it was shown that the indicators of the current so-called social distance determined by decision-makers at various stages of the epidemic development are imprecise, do not sufficiently take into account spatial relations, are unclear in public perception, and do not contain specific practical solutions. Therefore, this study undertakes the task of giving the term “social distancing” precise features, defined on the basis of geometry, and providing solutions in typical cases of the living space of the population. The geometry of the distribution of people in various situations of everyday life was considered: people standing during concerts or religious ceremonies, sitting during meals in collective catering rooms and participating in lectures, cultural, entertainment or sports events. In the latter group of tasks, the concept of building a people-distribution scheme must be adapted to the existing, arbitrary grid of real places of a lecture hall, theater hall, cinema, or stadium. The article contains some practical examples with comments and an evaluation of benefits, both in terms of ensuring safety and in terms of effective use of space.
本文一开始就指出,当前决策者在疫情发展的各个阶段所确定的所谓社会距离指标并不精确,没有充分考虑到空间关系,在公众认知中不清晰,也没有包含具体的实际解决方案。因此,本研究承担的任务是赋予“社会距离”一词以几何为基础的精确特征,并在人口生活空间的典型案例中提供解决方案。人们在日常生活中各种情况下的分布几何被考虑在内:人们在音乐会或宗教仪式中站立,在集体餐饮室用餐时坐着,参加讲座,文化,娱乐或体育活动。在后一组任务中,建立人员分配方案的概念必须适应现有的、任意网格的真实场所,如演讲厅、剧院大厅、电影院或体育场。这篇文章包含了一些实际的例子,并在确保安全和有效利用空间方面对效益进行了评论和评价。
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引用次数: 1
Points of Interest and Housing Prices 兴趣点和房价
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2023-03-01 DOI: 10.2478/remav-2023-0007
R. Cellmer
ABSTRACT Points of Interest (POI) are an inherent element of the urban landscape, and their number and density reflect, among other things, the degree of urbanization and the city’s spatial structure. The very presence of POI in the closest vicinity of a residential property may indirectly or directly affect housing value. This paper aims to demonstrate the usefulness of POI density information of different categories in assessing the quality of a property’s immediate surroundings. While the mere presence of POIs in the nearest neighborhood may affect real estate prices, the influence of specific categories may not necessarily be positive. Therefore, the study attempted to classify POIs and determine their importance in the price formation process using spatial regression models. The results indicate that a high density of POIs in the immediate area is a stimulant for housing prices. The detailed analysis indicated that only some POI categories might be related to transaction prices, while in certain situations, some POI categories may negatively impact prices.
兴趣点(POI)是城市景观的固有元素,它们的数量和密度反映了城市化程度和城市的空间结构。在住宅物业的最近附近存在POI可能会间接或直接影响房屋价值。本文旨在证明不同类别的POI密度信息在评估物业的直接环境质量方面的有用性。虽然在最近的社区仅仅存在poi可能会影响房地产价格,但特定类别的影响可能不一定是积极的。因此,本研究试图对poi进行分类,并利用空间回归模型确定其在价格形成过程中的重要性。结果表明,临近地区的高密度poi是房价的刺激因素。详细分析表明,只有部分POI类别可能与交易价格相关,而在某些情况下,某些POI类别可能对价格产生负面影响。
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引用次数: 1
Architectural Factors Influencing a Housing Market Value: A Theoretical Framework 影响住宅市场价值的建筑因素:一个理论框架
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2023-03-01 DOI: 10.2478/remav-2023-0003
Tomas Skripkiūnas, V. Navickas
ABSTRACT A housing price, not considering its change over time, is widely determined by hedonic properties. This is common in literature; however, there is a significant part of a price, the so-called unexplained variance, that is not captured by hedonic models. The scientific problem of this research is how to classify and visualize architectural factors that might have an influence on the market value of a dwelling. The object of the research are architectural factors in a housing market value analysis and the aim of research is to describe the theoretical framework that defines the structure and scope of architectural variables influencing a housing market value. Not all architectural factors described in the literature review are equal in terms of scale, measurability, public or private context, aesthetic or functional priority. A systematic approach would be to classify architectural factors as a matrix of built environment properties. Two orthogonal dimensions can be identified: architectural factors spanning from non-design (functional, utilitarian) to design (abstract, unexplained) and factors spanning from architectural design (private) to urban design (public). A multidimensional and complex system of architectural variables influencing a housing market value exists. Understanding this system is crucial for a housing development to succeed.
摘要:不考虑房价随时间的变化,房价是由享乐属性决定的。这在文学中很常见;然而,价格中有很大一部分,即所谓的无法解释的方差,并没有被享乐模型所捕捉到。本研究的科学问题是如何对可能影响住宅市场价值的建筑因素进行分类和可视化。研究对象是住房市场价值分析中的建筑因素,研究目的是描述定义影响住房市场价值的建筑变量的结构和范围的理论框架。并非文献综述中描述的所有建筑因素在规模、可测量性、公共或私人背景、美学或功能优先级方面都是平等的。一种系统的方法是将建筑因素分类为建筑环境属性的矩阵。可以确定两个正交的维度:从非设计(功能性、实用性)到设计(抽象、无法解释)的建筑因素,以及从建筑设计(私人)到城市设计(公共)的因素。影响住房市场价值的建筑变量是一个多维而复杂的系统。了解这一体系对于住房开发的成功至关重要。
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引用次数: 0
Residential Real Estate as a Potential Hedge of Capital Against Inflation 住宅房地产作为一种潜在的资本对冲通货膨胀
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2023-03-01 DOI: 10.2478/remav-2023-0004
Rafał Wolski
ABSTRACT There is a belief among investors that real estate is an excellent way to protect capital from depreciation due to inflation. Research does not provide a clear answer as to whether this investors’ belief is correct, but some approaches indicate that simple econometric methods are not able, especially in the short term, to clearly indicate the existence of a relationship between inflation and property prices (Fogler, 1984). The purpose of the study –was to find the relationship between residential real estate prices and inflation in the Polish economic conditions. Methodology of the study - the study used cointegration analysis with the Engle - Granger test. The research was carried out in the period from the first quarter of 2009 to the fourth quarter of 2021. The real estate hedonic indices calculated by NBP (National Bank of Poland) and the actual and forecasted inflation rates published by the GUS (Central Statistical Office) and the NBP (National Bank of Poland) were used in the research. The result - the analysis led to a negative verification of the research hypothesis, as it could not be proved that real estate prices were related to the level of inflation during the researched period. Originality/value - the study fills a gap in the Polish market regarding the analysis of the possibility of using real estate as a hedge against inflation. The research concerned only the Polish market, but this issue has not been taken up for years, also in mature economies.
投资者普遍认为,房地产是防止资本因通货膨胀而贬值的绝佳途径。对于投资者的这种信念是否正确,研究并没有给出明确的答案,但一些方法表明,简单的计量经济学方法无法,特别是在短期内,清楚地表明通货膨胀与房地产价格之间存在关系(Fogler, 1984)。该研究的目的是发现波兰经济条件下住宅房地产价格与通货膨胀之间的关系。研究方法-本研究采用协整分析和恩格尔-格兰杰检验。该研究是在2009年第一季度至2021年第四季度期间进行的。研究中使用了波兰国家银行(NBP)计算的房地产享乐指数和中央统计局(GUS)和波兰国家银行(NBP)公布的实际和预测通货膨胀率。结果-分析导致了研究假设的负面验证,因为它不能证明房地产价格与研究期间的通货膨胀水平有关。原创性/价值——该研究填补了波兰市场在分析利用房地产对冲通胀可能性方面的空白。这项研究只涉及波兰市场,但这个问题多年来一直没有得到重视,在成熟经济体也是如此。
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引用次数: 3
A Decomposition approach for Assessing Land Leverage and Depreciation Rate on the Real Estate Market – Evidence from Warsaw Poland 房地产市场土地杠杆率和折旧率评估的分解方法——来自波兰华沙的证据
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2023-03-01 DOI: 10.2478/remav-2023-0006
J. Waszczuk
ABSTRACT Most property valuation research concerns entire properties consisting of land and structures. However, different features of land and capital as factors of production determine different patterns shaping their value and their different impact on the total price of real estate. In this article the hedonic decomposition model, which controls for differences in housing quality, is applied to decompose the price of an apartment into the land and structure components. The depreciation rate of housing was calculated and taken into account to properly isolate the dynamics of land over time. This allowed us to compare the house price index with the dynamics of land and structure. The empirical analysis was carried out on the data for the city of Warsaw.
摘要大多数房地产估价研究都涉及由土地和构筑物组成的整个房地产。然而,土地和资本作为生产要素的不同特征决定了形成其价值的不同模式及其对房地产总价的不同影响。在本文中,控制住房质量差异的特征分解模型被应用于将公寓价格分解为土地和结构组成部分。计算并考虑了住房的折旧率,以适当地隔离土地随时间的动态。这使我们能够将房价指数与土地和结构的动态进行比较。对华沙市的数据进行了实证分析。
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引用次数: 0
The Relationship Between Service Quality and Occupants’ Satisfaction: A Mixed-Use Building 服务质量与居住者满意度的关系:一个多功能建筑
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2023-03-01 DOI: 10.2478/remav-2023-0008
F. U. M. Azian, Nurhayati Khair, Tum Choo Yoong, Suhana Ismail, N. Tambi
ABSTRACT In order to accommodate the city’s growing population and land shortage, more vertical buildings are being built nowadays, and mixed-use buildings, as opposed to those with a specific purpose, like residences and businesses, are being developed. Due to the structure’s complexity, this building nonetheless presents several issues to property management. Property management companies must comprehend people’s current needs and wishes to keep up with satisfaction levels and service quality. As a result, this study aims to ascertain how well a building’s services are provided in relation to how satisfied its residents are. A total of 500 respondents were surveyed, and a partial least squares structural equation model (PLS-SEM) analysis was performed to determine the relationships between the variables. The empirical results of this study revealed that four out of the five independent variables, i.e. tangibles, reliability, assurance, and empathy, show a significant relationship with occupants’ satisfaction. These research findings may give current insight for property management firms and personnel to improve the quality of their services by implementing corrective measures and prioritizing work, which increases resident satisfaction.
为了适应城市不断增长的人口和土地短缺,人们建造了更多的垂直建筑,并且开发了混合用途建筑,而不是像住宅和商业这样的特定用途建筑。由于结构的复杂性,这座建筑在物业管理方面提出了几个问题。物业管理公司必须了解人们当前的需求和愿望,以保持满意度和服务质量。因此,本研究旨在确定建筑物的服务水平与居民满意度之间的关系。对500名受访者进行了调查,采用偏最小二乘结构方程模型(PLS-SEM)分析各变量之间的关系。本研究的实证结果显示,五个自变量中的四个,即有形、可靠性、保证和共情,与居住者满意度有显著的关系。这些研究结果可以为物业管理公司和人员提供当前的见解,通过实施纠正措施和优先工作来提高服务质量,从而提高居民满意度。
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引用次数: 0
The Impact of Covid-19 Pandemic on Value Migration Processes in the Real Estate Sector 新冠肺炎疫情对房地产行业价值迁移过程的影响
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2023-03-01 DOI: 10.2478/remav-2023-0002
M. Kowalski, Tong Wang, J. Kazak
ABSTRACT The COVID-19 pandemic period brings huge uncertainty, especially for the real estate sector. On the one hand, restrictions on the mobility of a population, decline in travel demands, popularization of remote work and education models caused doubts among investors questioning the future of the sector and the functions of real estate. On the other hand, the large supply of cash after the first waves of the pandemic and the upcoming increase in inflation resulted in many investors boldly investing cash in real estate, considering them as assets of stable value. This research aims to analyze the processes of value migration among real estate companies listed on the Warsaw Stock Exchange during this turbulent process. We analyzed the changes in the main drivers of value and the migration rates of the real estate sector based on data for 2018, 2019, 2020 and Q3 2021. The first period of the pandemic is the time of the collapse of the main profitability factors, sales and profitability of sales decline in the entire sector. However, the financial pillars of the analyzed companies are stable and we are not seeing signs of liquidity problems or a significant increase in debt. The second year of the pandemic is a significant reflection of most of the drivers of value, often to levels higher than those observed before the pandemic. Investors seem to remain insensitive to turbulent changes in accounting measures of effectiveness. We observe the relative stability of market measures. The processes of the migration of values from and to the sector do not show significant changes when comparing the periods before and during the pandemic. We observe various intensities of the studied phenomena in various groups of the real estate segment.
2019冠状病毒病大流行期带来了巨大的不确定性,尤其是对房地产行业而言。一方面,人口流动的限制、出行需求的下降、远程工作和教育模式的普及,让投资者对该行业的未来和房地产的功能产生了怀疑。另一方面,在第一波疫情过后的大量现金供应和即将到来的通货膨胀加剧,导致许多投资者大胆地将现金投资于房地产,认为房地产是价值稳定的资产。本研究旨在分析华沙证券交易所上市房地产公司在这一动荡过程中的价值迁移过程。我们根据2018年、2019年、2020年和2021年第三季度的数据,分析了房地产行业价值的主要驱动因素和迁移率的变化。大流行的第一个时期是主要盈利因素崩溃的时候,整个行业的销售和盈利能力下降。然而,被分析公司的财务支柱是稳定的,我们没有看到流动性问题或债务大幅增加的迹象。大流行的第二年显著反映了大多数价值驱动因素,其水平往往高于大流行前的水平。投资者似乎仍然对有效性会计衡量标准的剧烈变化不敏感。我们观察到市场措施的相对稳定性。在大流行之前和期间进行比较时,价值从该部门转移到该部门的过程没有显示出重大变化。我们在房地产板块的不同群体中观察到不同强度的研究现象。
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引用次数: 2
Municipal Housing Stock Management in Poland from a Public Management Perspective 公共管理视角下的波兰城市住房存量管理
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2023-03-01 DOI: 10.2478/remav-2023-0005
Andrzej Muczyński
ABSTRACT This paper identifies the management of municipal housing stock as an area of public management in an urban municipality, taking into account the legal, institutional and market conditions in Poland. In order to achieve this aim, the author examined relevant literature and pertinent legislation and employed an analysis of source (organizational) documentation on the management of municipal housing stock in provincial capital cities. The paper begins by discussing the essence, distinctive characteristics and concepts of public management as a sub-discipline of management sciences. Subsequently, it outlines the specificity of public management in a municipality as a local government unit. Against this background, the author goes on to identify the management of municipal housing stock from the standpoint of public management in an urban municipality by formulating its definition in a broad and narrow sense, followed by a synthetic characterization of this management in a functional and institutional approach, considering its basic organizational models. The research demonstrated that the management of municipal housing stock is subject to progressive marketization and tends to be shaped by such public management mechanisms as hierarchy, market and network. These mechanisms cause this management to operate in practice in a hybrid system.
摘要本文将城市住房存量管理确定为城市公共管理的一个领域,并考虑到波兰的法律、制度和市场条件。为了实现这一目标,作者查阅了相关文献和相关立法,并对省会城市市政住房存量管理的来源(组织)文件进行了分析。本文首先论述了公共管理作为管理科学的一个分支学科的本质、特点和概念。随后,它概述了市政当局作为地方政府单位的公共管理的特殊性。在此背景下,作者继续从城市公共管理的角度来确定城市住房存量管理,制定了广义和狭义的定义,然后从功能和制度的角度对这种管理进行了综合描述,并考虑到其基本组织模式。研究表明,我国城市住房存量管理具有渐进的市场化特征,并倾向于由层级、市场、网络等公共管理机制形成。这些机制使得这种管理在实践中在混合系统中运行。
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引用次数: 1
Prospecting Housing Bubbles in Malaysia 马来西亚房地产泡沫探源
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2022-12-01 DOI: 10.2478/remav-2022-0030
N. Hamid, Muhammad Najib Razali, Fatin Afiqah Md. Azmi, S. Z. Daud, Nurhidayah Md. Yunus
Abstract There have been extensive studies pertaining on bubble detection in literature, though very few investigate the Malaysian residential property market. The inflated housing market, however, has sparked widespread public anxiety and there has been a proliferation of comments and forecasts about the presence of housing bubbles in Malaysia throughout the last decade. The purpose of this paper is to assess the housing bubbles in Malaysia by using empirical models in detecting Malaysian residential property bubbles. This research employed the Markov Switching (MS) model to investigate the housing bubbles for the Malaysian residential property market. The findings revealed Malaysian housing prices to be relatively stable over the period 2010 to 2019, with states of upheaval occurring only during short-lived periods. Overall, Malaysian housing prices were generally steady between 2010 and 2019, albeit this has shifted slowly in recent years as economic turmoil faded. This study provides empirical results to explain the situation of Malaysian house prices in the recent years.
摘要文献中对泡沫检测进行了广泛的研究,但对马来西亚住宅房地产市场的研究很少。然而,膨胀的房地产市场引发了公众的广泛焦虑,在过去十年中,关于马来西亚房地产泡沫的评论和预测激增。本文的目的是通过使用实证模型来检测马来西亚住宅房地产泡沫,来评估马来西亚的房地产泡沫。本研究采用马尔可夫转换(MS)模型来研究马来西亚住宅房地产市场的房地产泡沫。调查结果显示,马来西亚房价在2010年至2019年期间相对稳定,动荡状态只在短期内发生。总体而言,马来西亚房价在2010年至2019年间总体稳定,尽管近年来随着经济动荡的消退,这种情况发生了缓慢变化。本研究提供实证结果来解释近年来马来西亚房价的状况。
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引用次数: 1
Spatial Chaos in the Airport-Proximate Areas - Case Study of Gdansk Lech Walesa Airport 机场邻近区域的空间混乱——以格但斯克列赫瓦文萨机场为例
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2022-12-01 DOI: 10.2478/remav-2022-0029
Anna Wojewnik-Filipkowska, Aleksandra Koszarek-Cyra
Abstract The airport may be an opportunity for the development of airport-proximate areas, as well as a source of conflicts and nuisances for stakeholders. From the perspective of spatial order and sustainable development, it is necessary to create a coherent vision of the development and operationalize it via spatial management. This article aims to analyze spatial management in areas proximate to Gdansk Airport in the context of spatial chaos. The analyses are based on 232 local spatial development plans for the period 1996-2020, for 11 selected areas in the vicinity of the Gdansk Lech Walesa Airport, documents obtained from the local government, and open-source data. The research concentrates on the analysis of the functions of areas, spatial chaos, and the threat of potential conflicts. The results demonstrate the spatial chaos in proximate areas of Gdansk Airport. This implies that the decisions made by the authorities responsible for spatial management do not respect spatial order and sustainable development and contribute to spatial chaos.
机场可能是机场附近地区发展的机会,也是利益相关者冲突和滋扰的来源。从空间秩序和可持续发展的角度出发,有必要创造一个连贯的发展愿景,并通过空间管理来实现它。本文旨在分析格但斯克机场周边地区在空间混乱背景下的空间管理。这些分析是基于1996-2020年期间格但斯克列赫瓦文萨机场附近11个选定地区的232个地方空间发展计划、从地方政府获得的文件和开源数据。研究集中于区域功能、空间混乱和潜在冲突威胁的分析。结果表明格但斯克机场周边地区存在空间混乱。这意味着负责空间管理的当局所做的决策不尊重空间秩序和可持续发展,导致空间混乱。
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引用次数: 1
期刊
Real Estate Management and Valuation
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