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Condominium Co-Owners and their Typology Based on their Engagement in the Process of Decision-Making 基于参与决策过程的共管公寓共有人及其类型
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2022-06-01 DOI: 10.2478/remav-2022-0011
J. Węgrzyn, Katarzyna Najbar
Abstract In our study, we referred to a large and growing body of literature on voter turnout and voting habits. A careful examination of the voting issue in the context of housing prompted us to assume that a simple division into two groups of voting habits, namely voting and non-voting, may not be sufficient to explore complex relations during the voting process in condominiums. Thus the study addresses the question of whether we can identify more than two homogenous clusters of condominium co-owners, taking into consideration their voting habits. The analysis presented in this paper comprises two stages. First, data relating to condominium co-owner characteristics are forwarded and cluster analysis is used to form subsets of voters. Second, the impact of selected methods of voting on the propensity to vote is assessed using the identified clusters. The applied research strategy led us to distinguish four groups of condominium co-owners: engaged, non-voters, promising and dormant voters. The article contributes to a better understanding of the process of making decisions in condominiums with a focus on voting habits. In particular, we indicated that studies on voting habits provide a solid foundation for more-context dependent studies on the voting process and suggest other areas to study voting habits.
摘要在我们的研究中,我们参考了越来越多的关于选民投票率和投票习惯的文献。在住房背景下仔细研究投票问题促使我们假设,将投票习惯简单划分为两组,即投票和不投票,可能不足以探索公寓投票过程中的复杂关系。因此,这项研究解决了一个问题,即考虑到他们的投票习惯,我们是否可以识别出两个以上同质的共管公寓共有人群体。本文的分析包括两个阶段。首先,转发与共管公寓共有人特征相关的数据,并使用聚类分析来形成选民子集。其次,使用已确定的聚类来评估选定的投票方法对投票倾向的影响。应用研究策略使我们区分了四类共管公寓共有人:参与型、非选民型、有前途和休眠型选民。这篇文章有助于更好地理解公寓的决策过程,重点关注投票习惯。特别是,我们指出,对投票习惯的研究为对投票过程进行更多的情境依赖性研究提供了坚实的基础,并提出了研究投票习惯的其他领域。
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引用次数: 0
Housing Cost Stress of Mortgagers and Tenants in Poland 波兰抵押人和租户的住房成本压力
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2022-06-01 DOI: 10.2478/remav-2022-0014
K. Olszewski, A. Matel
Abstract The economic problems of mortgage takers, especially in light of the global financial crisis, is a very important issue, both from the point of view of housing policy and the stability of the banking sector. The analysis of the situation of mortgagors is usually limited to determining the percentage of mortgages in default. We compared the revealed mortgage repayment problems among Poles (arrears) with the unrevealed ones (such as high housing cost burden, inability to bear unexpected expenses), which we defined as housing cost stress. Next, we compared these problems with those of tenants at market rates. We found that, although we observe only a small percentage of mortgagors who are in arrears with their housing costs in Poland (about 3%), a large proportion of borrowers (about half of them) are in a difficult financial situation. At the same time, we noticed that their situation is still better than that of market rent tenants, because only one in five renters did not experience problems with covering housing costs. Among tenants, singles were much more likely to suffer from housing cost stress.
摘要从住房政策和银行业稳定的角度来看,抵押贷款接受者的经济问题,特别是在全球金融危机的背景下,是一个非常重要的问题。对抵押人情况的分析通常仅限于确定抵押贷款违约的百分比。我们比较了波兰人暴露的抵押贷款还款问题(拖欠)和未解决的问题(如高昂的住房成本负担、无法承担意外开支),我们将其定义为住房成本压力。接下来,我们将这些问题与按市场价格计算的租户的问题进行了比较。我们发现,尽管我们观察到在波兰只有一小部分抵押人拖欠住房费用(约3%),但很大一部分借款人(约一半)的财务状况很困难。与此同时,我们注意到,他们的情况仍然比市场租金租户好,因为只有五分之一的租户在支付住房成本方面没有遇到问题。在租户中,单身人士更容易受到住房成本压力的影响。
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引用次数: 0
Lessons from the US and German Reit Markets for Drafting a Polish Reit Act 美国和德国房地产投资信托基金市场对起草波兰房地产投资信托基金法案的启示
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2022-03-01 DOI: 10.2478/remav-2022-0001
Krzysztof Kowalke, Bernhard Funk
Abstract Investors are increasingly allocating capital into the real estate market through indirect investment vehicles such as REITs. There are currently no classic REITs in Poland, but given the experience of other countries and the expectations of Polish investors, an act is being prepared to regulate their functioning. The introduction of legal regulations regarding REITs has not always resulted in successful proliferation of these vehicles in each country. The German market for G-REITs is such an example, were only six G-REITs have evolved. There is also the example of the market in the United States, where extremely dynamic development of such institutions has been observed, especially in the recent years. At the end of 2019, 219 institutions of this type were operating on the US market. The purpose of this article is to identify, based on the experiences of the American and German markets, aspects stimulating and inhibiting the development of the REIT market, and then, on their basis, to recommend certain regulations, which might have been included in the PL-REIT act, and which were not included in first draft of the act in 2018. Taking them into account could cause the Polish act to stimulate the development of REITs in Poland to a greater extent.
摘要投资者越来越多地通过房地产投资信托基金等间接投资工具将资本配置到房地产市场。波兰目前没有经典的REITs,但考虑到其他国家的经验和波兰投资者的期望,正在准备一项法案来规范其运作。关于房地产投资信托的法律法规的引入并不总是导致这些工具在每个国家的成功扩散。德国的G-REITs市场就是这样一个例子,当时只有六只G-REITs在发展。还有美国市场的例子,在美国,特别是最近几年,观察到这类机构的发展极为活跃。截至2019年底,共有219家此类机构在美国市场运营。本文的目的是根据美国和德国市场的经验,确定刺激和抑制房地产投资信托市场发展的方面,然后在此基础上,建议某些法规,这些法规可能已纳入《公共和可再生能源法案》,但未纳入2018年法案初稿。将其考虑在内可能会导致波兰法案在更大程度上刺激波兰房地产投资信托的发展。
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引用次数: 0
Training and Interpreting Machine Learning Models: Application in Property Tax Assessment 训练和解释机器学习模型:在财产税评估中的应用
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2022-03-01 DOI: 10.2478/remav-2022-0002
Chan-Jae Lee
Abstract In contrast to the outstanding performance of the machine learning approach, its adoption in industry appears to be relatively slow compared to the speed of its proliferation in a variety of business sectors. The low interpretability of a black-box-type model, such as a machine learning-based valuation model, is one reason for this. In this study, house prices in Seoul and Jeollanam Province, South Korea, were estimated using a neural network, a representative model to implement machine learning, and we attempted to interpret the resultant price estimations using an interpretability tool called a partial dependence plot. Partial dependence analysis indicated that locally optimized valuation models should be designed to enhance valuation accuracy: a land-oriented model for Seoul and a building-focused model for the Jeollanam Province. The interpretable machine learning approach is expected to catalyze the adoption of machine learning in the industry, including property valuation.
摘要与机器学习方法的卓越性能相比,与它在各种商业部门的普及速度相比,它在工业中的采用似乎相对较慢。黑匣子类型模型(如基于机器学习的估值模型)的可解释性低是造成这种情况的原因之一。在这项研究中,使用神经网络(一种实现机器学习的代表性模型)估计了韩国首尔和全罗南道的房价,我们试图使用一种称为部分依赖图的可解释性工具来解释由此产生的价格估计。部分相关性分析表明,应设计局部优化的估价模型以提高估价准确性:首尔的土地导向模型和全罗南道的建筑导向模型。可解释的机器学习方法有望促进机器学习在行业中的应用,包括房地产估价。
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引用次数: 2
On Place Safety 关于场所安全
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2022-03-01 DOI: 10.2478/remav-2022-0006
T. Kauko
Abstract For a long time, social factors have been identified as a set of crucial determinants of residential location choice and property value. Here, safety and security issues constitute a significant issue. Inhabitants are traditionally concerned about their neighborhoods and housing locations, and, considering current problems in big Western cities, this concern is by no means lessening. The study presents a social innovation for assisting the search for safe housing environments. A list of quantifiable key features regarding negative externalities and actual criminality provides the basis for constructing a checklist for the comparison of safe places within a city, or comparing cities with respect to their safety for housing occupants, investors, developers and other stakeholders. The controversial nature of the argumentation notwithstanding, this method is suggested to prove valuable in circumstances marred by increasing social hazards and turmoil.
长期以来,社会因素被认为是住宅区位选择和房地产价值的重要决定因素。在这里,安全和安保问题构成了一个重大问题。居民传统上关心他们的社区和住房位置,考虑到目前西方大城市的问题,这种担忧丝毫没有减少。这项研究提出了一项协助寻找安全住房环境的社会创新。一份关于负外部性和实际犯罪的可量化关键特征的清单,为构建一个清单提供了基础,用于比较城市内的安全地点,或比较城市对住房居住者、投资者、开发商和其他利益相关者的安全。尽管这一论证具有争议性,但在社会危险和动荡日益加剧的情况下,这种方法被认为是有价值的。
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引用次数: 0
Building and Biologically Active area Indices in Developers’ Investments – Theory and Practice 开发商投资中的建筑和生物活性面积指数——理论与实践
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2022-03-01 DOI: 10.2478/remav-2022-0005
Agata Antczak-Stępniak
Abstract Development activity in Poland is regulated by many legal provisions, but one of the most important acts for the implementation of developers’ projects is the Act of March 27, 2003 on spatial planning and development. The Act includes, among others, procedures for the preparation and scope of local spatial development plans. One of the parameters significant from the point of view of housing development which these plans define is the minimum and maximum intensity of development and the percentage of biologically active space that should be preserved on a property covered by the investment project. The article adopts two research goals. Firstly, it is an attempt to verify, using examples of selected developers, whether they, as profit-oriented entities, decide to develop the property as much as possible or to keep more undeveloped space, which is a more desirable phenomenon from the environmental point of view. Secondly, an attempt will be made to determine how developers in Poland create a biologically active surface in their projects. Based on desk research, it was found that, among the discussed cases, there is no evident tendency to maximize the permissible built-up areas and the created biologically active areas are sparse and not diversified.
波兰的开发活动受到许多法律规定的规范,但对开发商项目实施最重要的法案之一是2003年3月27日关于空间规划和发展的法案。除其他外,该法包括编制地方空间发展计划的程序和范围。从住房开发的角度来看,这些规划定义的一个重要参数是开发的最小和最大强度,以及投资项目所涵盖的财产应保留的生物活性空间的百分比。本文采用了两个研究目标。首先,它试图通过选定的开发商的例子来验证,作为利益导向的实体,他们是决定尽可能多地开发物业,还是保留更多的未开发空间,从环境的角度来看,这是一种更可取的现象。其次,将尝试确定波兰的开发商如何在其项目中创建生物活性表面。通过桌面研究发现,在讨论的案例中,没有明显的最大化允许建成区的趋势,创建的生物活性区域稀疏且不多样化。
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引用次数: 0
Land Titling Patronage in Cities of Developing Countries: A Situation Analysis of Akure, Nigeria 发展中国家城市土地所有权保护的现状分析——以尼日利亚阿库雷为例
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2022-03-01 DOI: 10.2478/remav-2022-0003
V. Ige, R. A. Oladapo, M. Adebayo
Abstract The increasing land-use intensity in developing-country cities necessitates land markets supported by active land titling. The study of land titling patronage is critical in a developing country like Nigeria, where the state of development necessitates determining who has rights to lands, for what purposes, and for how long on the available relatively scarce expanse of land. Data for the study was obtained from the Ondo State Ministry of Lands and Housing and the household heads of the purposive selected private layouts/estates within the study area. Data were analyzed using both the Mann-Kendall test and Sen’s slope estimates as well as discriminant function analysis. The findings revealed a monotonously decreasing trend in the demand for titling in the study area which was statistically significant at 0.01 in decreasing order from 2009 to 2018. Further analysis showed that the education level of the head of the household as well as propensity to obtain loan/engage in the subsequent transactions were the most important determinant as to whether a landowner would title land or not. The study will be useful for public enlightenment, policy formulation, policy implementation, professionals and scholars, as well as in academic debates.
摘要发展中国家城市土地利用强度的不断增加,需要积极的土地所有权支持土地市场。在尼日利亚这样的发展中国家,对土地所有权赞助的研究至关重要,因为那里的发展状况需要确定谁有权获得土地,出于什么目的,以及在相对稀缺的土地上拥有多长时间。研究数据来自翁多州土地和住房部以及研究区域内有意选择的私人布局/庄园的户主。使用Mann-Kendall检验和Sen斜率估计以及判别函数分析对数据进行分析。研究结果显示,研究地区的产权需求呈单调下降趋势,从2009年到2018年,这一趋势具有统计学意义,按递减顺序为0.01。进一步的分析表明,户主的教育水平以及获得贷款/参与后续交易的倾向是决定土地所有者是否拥有土地所有权的最重要因素。该研究将有助于公众启蒙、政策制定、政策实施、专业人士和学者以及学术辩论。
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引用次数: 0
The Application of the Simplified Speculative Frame Method for Monitoring the Development of the Housing Market 简化投机框架法在住宅市场发展监测中的应用
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2022-03-01 DOI: 10.2478/remav-2022-0008
Justyna Brzezicka
Abstract This article contributes to research into price dynamics on the real estate market. It proposes a simplified index-based speculative frame method for measuring above-average increases and decreases in real estate prices and monitoring market performance. The theoretical part of the article reviews the literature on the implications of real estate market stability on the economy, monitoring market development, and standard methods for analyzing the housing market with special emphasis on index-based methods. The experimental part of the article presents the results of a study analyzing more than 100,000 transactions on the Warsaw housing market between 2004 and 2015, a period characterized by a considerable increase in house prices. The price dynamics of apartments on the Warsaw real estate market was determined with the use of a time variable. The turning point in the market trend was identified. This article contributes to research into price dynamics on the real estate market.
摘要本文有助于研究房地产市场的价格动态。它提出了一种简化的基于指数的投机框架方法,用于衡量房地产价格的高于平均水平的上涨和下跌,并监测市场表现。文章的理论部分回顾了有关房地产市场稳定对经济的影响、监测市场发展以及分析住房市场的标准方法的文献,特别是基于指数的方法。文章的实验部分介绍了一项研究的结果,该研究分析了2004年至2015年间华沙住房市场上超过10万笔交易,这一时期的房价大幅上涨。华沙房地产市场上公寓的价格动态是通过使用时间变量来确定的。市场趋势的转折点已经确定。本文有助于研究房地产市场的价格动态。
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引用次数: 0
Social Media Marketing Attributes, Sandton’s Rental Market Brand Image, and the Millennials’ Rental Preference: An Empirical Study 社交媒体营销属性、桑顿租赁市场品牌形象与千禧一代租赁偏好的实证研究
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2022-03-01 DOI: 10.2478/remav-2022-0004
Mthobisi Nhlabathi, F. Mgiba, Neo Ligaraba
Abstract A good image of millennials’ residential rental space is an important issue. This image can be impacted by the available telecommunication technology. Social media marketing can, therefore, be an important marketing tool to achieve it. Many studies have shown that a good brand image positively impacts brand preference. This study quantitatively investigated the impact of social media attributes of trendiness, entertainment, customization, information, interaction on Sandton’s rental market’s brand image, and the relationship between this image and millennials’ rental preference. Data were collected from millennials who have lived, live or intend to live in Sandton. Structural equation modeling was employed for data analysis. The findings of the study are that entertainment, customization, and information positively impact Sandton’s image and that trendiness and interactions do not. Also, the image of Sandton’s rental market has a positive influence on the millennials’ preferences as to rental housing. The outcomes will find application for both academics and management practice as will be shown below.
摘要千禧一代住宅租赁空间的良好形象是一个重要问题。该图像可能会受到现有电信技术的影响。因此,社交媒体营销可以成为实现这一目标的重要营销工具。许多研究表明,良好的品牌形象会对品牌偏好产生积极影响。本研究定量调查了社交媒体的时尚性、娱乐性、定制性、信息性、互动性等属性对桑顿租赁市场品牌形象的影响,以及这种形象与千禧一代租赁偏好之间的关系。数据是从已经、居住或打算居住在桑顿的千禧一代那里收集的。采用结构方程模型进行数据分析。研究结果表明,娱乐、定制和信息对桑顿的形象有积极影响,而潮流和互动则没有。此外,桑顿租赁市场的形象对千禧一代对租赁住房的偏好也有积极影响。结果将适用于学术界和管理实践,如下所示。
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引用次数: 1
Land Price Regression Model and Land Value Region Map to Support Residential Land Price Management: A Study in Nghe an Province, Vietnam 支持住宅地价管理的土地价格回归模型和土地价值区域图——以越南义安省为例
IF 0.8 Q4 BUSINESS, FINANCE Pub Date : 2022-03-01 DOI: 10.2478/remav-2022-0007
P. Hà, N. Tuan, Nguyen Van Quan, Nguyen Van Trung
Abstract The real estate market in areas with many socio-economic activities needs to be strictly managed due to the difference between the market price of urban land and the price of land set by the state. This study identifies and analyzes the influence of some factors on land prices in peri-urban areas to develop land pricing standards consistent with the price level in Nghe An province. The study surveyed 362 land users and 200 samples of successfully transferred properties in the study area. Based on the multivariate regression method, the study builds a residential land price model and calculates the market price of residential land. The authors also established a map of land value areas to help State agencies manage land prices effectively. The research serves as a basis for State agencies to study the formation and development of the real estate market to develop appropriate land price management measures.
在社会经济活动较多的地区,由于城市土地的市场价格与国家规定的土地价格存在差异,需要对房地产市场进行严格的管理。本研究旨在找出并分析影响近郊土地价格的若干因素,以制定符合义安省地价水平的土地定价标准。本研究调查了研究区内362名土地使用者和200个成功转让的土地样本。基于多元回归方法,构建住宅用地价格模型,计算住宅用地市场价格。作者还建立了一个土地价值区域地图,以帮助国家机构有效地管理土地价格。本研究为国家机关研究房地产市场的形成和发展,制定相应的地价管理措施提供了依据。
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引用次数: 4
期刊
Real Estate Management and Valuation
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