Journal articles on the topic 'Housing market development and management'
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Sternik, S. G., and M. A. Lavrentyev. "THE MAIN DIRECTIONS OF SOLVING THE SCIENTIFIC PROBLEM OF FORMING AND EVALUATING THE VALUE OF A PROFESSIONAL PORTFOLIO OF RENTAL HOUSING." Scientific Journal ECONOMIC SYSTEMS 1, no. 175 (2021): 12–23. http://dx.doi.org/10.29030/2309-2076-2021-14-3-12-23.
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The article presents a comparative fundamental and statistical analysis and forecast of the professional rental housing segment development in Russia. According to the authors, the rental housing market development and the growth of its capitalization will lead to the reduction of system risks of the Russian market by limiting the volatility of housing market prices. Thus, the development of professional rental business, including companies with state participation, may become a promising direction in the new institutional environment. After researching factors that limit the development of the professional rental housing and evaluation of the influence of rental business on the housing markets, the authors make some proposals for stimulating rental segment of the market. Development of the professional rental business requires solving such scientific problems in the sphere of evaluation of housing development projects and financial management of economic entities’ as: theoretical substantiation of approaches to form and evaluate rental housing value, development of methodological tools and practical recommendations on value management of rental housing projects portfolio.
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Zapotoskiy, S., V. Zapototska, and I. Horyn. "Trends and prospects of houses construction in Ukraine." Bulletin of Taras Shevchenko National University of Kyiv. Geography, no. 62 (2014): 45–49. http://dx.doi.org/10.17721/1728-2721.2014.62.11.
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This paper considers the theoretical, methodological and applied principles of forming the housing market. The development of the domestic housing market evaluated the economic and management criteria. The first included the analysis of socio-economic factors that shape demand, supply and price in the housing market, their territorial differences and features that occur on different areas. Management criteria of market functioning touch answers of the influence of levers efficiency on the housing market. The main among them marked shortage of living quarters supply that is too complex and the difficult mechanism of licensing procedures, government support and the support of government programs in the construction industry, support the mortgage, maintenance procedures and guaranteed investment housing, restrictions on fraud in the housing market.
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Chu, Fang-Ni, and I.-Chun Tsai. "DO HIGHER HOUSE PRICES INDICATE HIGHER SAFETY? PRICE VOLATILITY RISK IN MAJOR CITIES IN TAIWAN." International Journal of Strategic Property Management 24, no. 3 (March 12, 2020): 165–81. http://dx.doi.org/10.3846/ijspm.2020.12159.
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This study investigates the housing market in Taiwan, an emerging market with relatively severe housing price inflation. Using data from the first quarter of 1991 to the second quarter of 2017 for four cities in Taiwan, this study compares the risk transmission and sources of their housing prices. The results reveal that Taipei−Taiwan’s main financial hub−has the highest house prices among the four cities but maintains the lowest risk. Thus, in terms of price volatility risk, Taipei has the safest housing market among the studied cities. Other studies have discussed the potential housing price bubbles in regions with high housing prices but have been unable to explain the continual overheating of the housing markets. The findings of this study reveal that despite having the highest housing prices and the greatest potential bubble, the Taipei housing market has the lowest fluctuation risk, making it the safest market in terms of housing investment. The results of this study imply that Taiwan’s economic development is excessively concentrated in Taipei, causing people to bear low returns and high risk when purchasing real estate in other areas, in turn increasing the continual imbalance between regional housing markets.
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Song, Yixi. "Discuss the Application of Project Management in Construction Project Management." Learning & Education 10, no. 2 (September 16, 2021): 190. http://dx.doi.org/10.18282/l-e.v10i2.2328.
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Along with the development of social economy in recent years, all walks of life in society have made obvious progress and development, such as the construction industry. At present, people’s demand for housing construction is getting higher and higher, and housing construction has gradually developed into a necessity of life from the former luxury goods. The increase in the demand for housing construction in the market has brought new life to the construction industry, and the number of similar construction enterprises in the construction industry is increasing. This also means that construction enterprises have to constantly control the quality of their projects and improve their competitiveness in order to survive in the fierce construction market.
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Chiang, Ming-Chu, and I.-Chun Tsai. "Importance of Proper Monetary Liquidity: Sustainable Development of the Housing and Stock Markets." Sustainability 12, no. 21 (October 29, 2020): 8989. http://dx.doi.org/10.3390/su12218989.
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In this paper, we infer that when no excess monetary liquidity exists, people tend to invest available capital in assets associated with a high return or low risk. However, when excess monetary liquidity occurs, capital may successively boost asset markets, and the stock market wealth is thus likely to spill into housing markets, resulting in bubbles in these two markets and therefore in the unsustainable development of both the housing and stock markets. This paper uses relevant data from the United Kingdom from January 1991 to March 2020 to verify whether excess monetary liquidity is a crucial factor determining the relationship between the housing and stock markets. Continuous and structural changes are found to exist between housing price and stock price returns. This paper employs the time-varying coefficient method for estimation and determines that the influence of stock price returns on housing returns is dynamic, and an asymmetrical effect can occur according to whether excess monetary liquidity exists. An excessively loose monetary policy increases asset prices and can thus easily result in a mutual rise in asset markets. By contrast, when excess monetary liquidity does not exist, capital transfer among markets can prevent autocorrelation during excessive market investment and thereby aggravate market imbalance.
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Alekseyenko, Lyudmyla, Oksana Tulai, Yuriy Petrushenko, Andriy Kuznietsov, and Julia Derkash. "Affordable housing for internally displaced persons: The priorities for investment and development in Ukraine." Investment Management and Financial Innovations 18, no. 1 (February 2, 2021): 101–13. http://dx.doi.org/10.21511/imfi.18(1).2021.09.
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The institution of home ownership provides for the functioning of affordable housing for low-income people and new groups in need of social protection, including the reintegration of migrants to new places of residence. The aim of the study is to substantiate the priorities of investments into affordable housing for internally displaced persons promoting their adaptation and social reintegration in the context of administrative-territorial decentralization.The study is based on use of empirical, economic and statistical methods, which in the process of correlation, regression and canonical analysis showed that many indicators that characterize the housing market are closely correlated with the scale and development level of administrative units in Ukraine. To characterize the state and investment attractiveness of the residential real estate market, a set of indicators was used in the modeling: population, the number of employed, household income, regional domestic product, volume of commissioned housing, construction investments, regional human development index, total housing stock, housing prices in the regions of Ukraine and Kyiv. The most significant parameter that affects the volume of housing construction is the amount of investments into per capita housing construction. The article also discusses the housing market situation, which differs in regions or some cities due to the significant differentiation of their development, which affects the ability to obtain affordable housing. The implementation of regional development programs should determine investment priorities of social protection, particularly the possibility of buy-out schemes through the mechanism of leasing of social housing by internally displaced persons. Acknowledgment This research was funded by a grant from the Ministry of Education and Science of Ukraine “Reforming the lifelong learning system in Ukraine for the prevention of the labor emigration: a coopetition model of institutional partnership” (No. 0120U102001).
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Wong, Peng Yew, Woon-Weng Wong, and Kwabena Mintah. "Residential property market determinants: evidence from the 2018 Australian market downturn." Property Management 38, no. 2 (December 3, 2019): 157–75. http://dx.doi.org/10.1108/pm-07-2019-0043.
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Purpose The purpose of this paper is to validate and uncover the key determinants revolving around the Australian residential market downturn towards the 2020s. Design/methodology/approach Applying well-established time series econometric methods over a decade of data set provided by Australian Bureau of Statistics, Reserve Bank of Australia and Real Capital Analytics, the significant and emerging drivers impacting the Australian residential property market performance are explored. Findings Besides changes in the significant levels of some key traditional market drivers, housing market capital liquidity and cross-border investment fund were found to significantly impact the Australian residential property market between 2017 and 2019. The presence of some major positive economic conditions such as low interest rate, sustainable employment and population growth was perceived inadequate to uplift the Australian residential property market. The Australian housing market has performed negatively during this period mainly due to diminishing capital liquidity, excess housing supplies and retreating foreign investors. Practical implications A better understanding of the leading and emerging determinants of the residential property market will assist the policy makers to make sound decisions and effective policy changes based on the latest development in the Australian housing market. The results also provide a meaningful path for future property investments and investigations that explore country-specific effects through a comparative analysis. Originality/value The housing market determinants examined in this study revolve around the wider economic conditions in Australia that are not new. However, the coalesce analysis on the statistical results and the current housing market trends revealed some distinguishing characteristics and developments towards the 2020s Australian residential property market downturn.
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Ermilova, Mariia, Evgeny Kalinkin, Elena Semenkova, and Kira Kalinkina. "Foreign Housing Markets: Questions of Price Policy." E3S Web of Conferences 159 (2020): 05014. http://dx.doi.org/10.1051/e3sconf/202015905014.
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The housing market is one of the most important segments of the economy of any country. As part of the study, it is shown that it is not enough to consider the housing market financing system only in the organizational and structural aspect. The application of a structurally functional approach is essential, which will improve the efficiency of market financing. The author determines the need for the formation of auto-regulators that can reduce the need for manual control of the economy of the housing complex and the state, which is especially important in the modern economic system. The study identified such auto-regulators as the inclusion of borrowers in the quality management system and the usefulness of housing finance; organization of interaction of market and state financing based on the principles of public-private partnership; the need for a system of indicators to assess the development of the Russian housing market, improving the information support of financial markets; the formation of an open system for monitoring the status of the housing market financing system.
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Ushakov, Denis, and Mariia Ermilova. "Autoregulators in the housing market financing system: a structurally functional approach." E3S Web of Conferences 164 (2020): 09003. http://dx.doi.org/10.1051/e3sconf/202016409003.
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The housing market is one of the most important segments of the economy of any country. As part of the study, it is shown that it is not enough to consider the housing market financing system only in the organizational and structural aspect. The application of a structurally functional approach is essential, which will improve the efficiency of market financing. The author determines the need for the formation of auto-regulators that can reduce the need for manual control of the economy of the housing complex and the state, which is especially important in the modern economic system. The study identified such auto-regulators as the inclusion of borrowers in the quality management system and the usefulness of housing finance; organization of interaction of market and state financing based on the principles of public-private partnership; the need for a system of indicators to assess the development of the Russian housing market, improving the information support of financial markets; the formation of an open system for monitoring the status of the housing market financing system.
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Vasiliene-Vasiliauskiene, Virgilija, Aidas Vasilis Vasiliauskas, Rišard Golembovskij, Ieva Meidute-Kavaliauskiene, Edmundas Kazimieras Zavadskas, Audrius Banaitis, and Kannan Govindan. "Transportation systems’ impacts on the Vilnius housing market." Management Decision 57, no. 2 (February 11, 2019): 418–31. http://dx.doi.org/10.1108/md-01-2018-0117.
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Purpose The purpose of this paper is to develop a better understanding of how transportation system factors affect city housing markets. The goal was to show that identifying these factors alone is not enough without also examining their effects and variations according to the housing location. Design/methodology/approach Transportation system factors were identified by conducting a thorough literature review. The factors’ relevance was tested using a quantitative methodology and a sample of 317 Vilnius residents. This city was next divided into three zones, and data collected from 18 real estate experts was subjected to qualitative analysis. The analytic hierarchy process was then applied to identify transportation system factors’ level of impact and dynamics by the housing location. Findings The results show that the factors affect the housing market in question but that these effects vary by the housing location and the most critical factors differ for each city zone. Research limitations/implications Only data on Vilnius were used. Further research is needed to compare transportation factors’ dynamics in multiple cities. Practical implications Priorities in transportation system improvements should be assessed to facilitate sustainable urban development and enhance the residents’ quality of life. Housing market regulations can only be successful if investment in transportation systems is allocated purposefully and coherently. Originality/value This research went beyond identifying transportation system factors by employing a broad, systematic approach to clarifying potential options for regulating housing markets through transportation system projects.
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He, Ge. "Equilibrium-oriented housing supply: A case study of Chengdu City, China." Panoeconomicus 60, no. 4 (2013): 557–68. http://dx.doi.org/10.2298/pan1304557h.
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There is a growing concern regarding housing supply management because of soaring housing prices consequent to recent market failure in China. This study is aimed at presenting an equilibrium-oriented housing supply management model that integrates housing supply and demand with time lag and reasonable vacancy area. For validity test of the model, Chengdu City was selected as a sample. The study establishes the feasibility of this model by demonstrating that optimized housing supply can narrow the gap between housing supply and demand. The implication of this finding is that planning of housing supply is an important management tool and that in applying this tool, local government should intervene in housing market to ensure scientific consideration of city's development position, economic growth and housing demand.
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Tomal, Mateusz. "Moving towards a Smarter Housing Market: The Example of Poland." Sustainability 12, no. 2 (January 17, 2020): 683. http://dx.doi.org/10.3390/su12020683.
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Cities are currently undergoing vast changes, which have very significant implications for the functioning of the housing market. In particular, it should be stated that the traditional residential market, in imitation of the smart city concept, is becoming increasingly smarter. This smartness can be expressed in four dimensions: the “automatic” rental housing market; innovative digital platforms in the traditional housing market; innovative policies and housing models; and the ability to forecast demand on the housing market, which together form the so-called smart housing concept. On this basis, this study attempted to assess empirically the smartness of the residential markets in Polish provincial capitals. Firstly, after a thorough analysis of digital housing portals, official websites of Polish provincial capitals and public statistics data, the smart housing concept was operationalised in all its dimensions by defining appropriate indicators measuring its level in a given city. Then, using the zero unitarization and entropy weight methods, followed by a no-pattern synthetic measure, a comprehensive smart housing index was obtained for each city investigated. Research results showed that there is a large degree of variation in the level of smartness of the housing markets in the examined cities. Furthermore, the analysis also indicates that the economic dimension of the smart city concept and the co-working concept are the main driving forces behind the development of smart residential markets. In addition, the study reveals that the implementation of the smart housing concept has a positive impact on the quality of life of city inhabitants.
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Sharam, Andrea, and Lyndall Bryant. "The uberisation of housing markets: putting theory into practice." Property Management 35, no. 2 (April 18, 2017): 202–16. http://dx.doi.org/10.1108/pm-06-2016-0023.
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Purpose Digital disruption offers an innovative opportunity to address housing affordability issues through the use of market design theory and two-sided matching markets. The purpose of this paper is to scope a model for how “uberisation” can revolutionise the traditional apartment delivery model in Australia, leading to improved housing affordability. Design/methodology/approach This paper uses semi-structured interviews with operators of online real estate platforms and deliberative developers to examine how the principles of “uberisation”, that is two-sided matching markets, are driving innovation in the apartment supply process. Findings Findings confirm that real estate internet platforms and deliberative developers innovators are informed by the benefits of aggregating demand to reduce development risk, thus enabling apartments to be provided at a substantially lower price than by traditional methods. Research limitations/implications The number of interviews is small reflecting the limited number of market actors currently engaged in the innovations investigated. Originality/value This research is innovative as it introduces theoretical understandings gained from market design theory and applies those concepts to disrupt the apartment development process.
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Connell-Variy, Theodore, Björn Berggren, and Tony McGough. "Housing Markets and Resource Sector Fluctuations: A Cross-Border Comparative Analysis." Sustainability 13, no. 16 (August 9, 2021): 8918. http://dx.doi.org/10.3390/su13168918.
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Recent research has sought to better understand resource and housing market cycles longitudinally and define clear phases in order to understand interactions between the two over time. This is a necessary step forward in housing market knowledge for this under researched area, particularly in an economically unique context. This paper expands knowledge by undertaking a comparative study of town housing markets in Queensland’s coal mining Bowen Basin and Sweden’s northern municipalities—specifically Gallivare and Kiruna—where a long history of iron ore mining exists. This paper analyses these housing markets using longitudinal data spanning two decades, which includes two resources cycles in two geographically disparate locations. The results indicate that the housing market in Queensland, Australia, is far more volatile than the housing market in the Swedish municipalities. The regional housing market in Sweden’s municipalities tend to be less dependent on resource price and output from mines than their Australian counterparts. Part of the explanation for this is that the Swedish towns examined are less of the traditional mining town known from previous studies, and more a town with mining. Developing and improving understanding of markets over the duration of a cycle is important. Particular value is apparent in the comparison and contrasting of two separate resource regions encompassing resource reliant communities in two different countries. Importantly, the linkage of research regions through resource relationships leads to groundbreaking research which will have practical benefit to multiple economies, housing markets and for policy-makers alike.
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Leunig, T., and H. Overman. "Spatial patterns of development and the British housing market." Oxford Review of Economic Policy 24, no. 1 (March 1, 2008): 59–78. http://dx.doi.org/10.1093/oxrep/grn004.
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Swenson, David, and Daniel M. Otto. "Rural housing market response to nonfarm employment growth: an analysis of housing development patterns." International Journal of Public Administration 20, no. 8-9 (January 1997): 1579–98. http://dx.doi.org/10.1080/01900699708525264.
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Geipele, Ineta, Sanda Geipele, and Iveta Stāmure. "Characteristics of Socio-Economic Issues and Their Possible Resolution in the Housing Market of Latvia." International Journal of Economics and Statistics 10 (March 15, 2022): 103–10. http://dx.doi.org/10.46300/9103.2022.10.16.
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The aim of the research is to identify the main socioeconomic issues in the housing market and to elaborate proposals for resolving them in order to stabilize the development of housing market in Latvia. Within the framework of the research, real estate is evaluated as an object of real estate economics and an important real estate, as well as the housing market constituent of the national economy of Latvia. As socio-economic issues are important factors that affect the development of real estate market as well as housing market, a classification of the affecting factors is performed. Socio-economic issues that affect the development of housing market are also defined in the research. A qualitative and quantitative evaluation of population change in the largest cities and rural regions of Latvia has been performed; moreover, the level of household income in Latvia has been evaluated, and the housing fond has been viewed as an important socio-economic issue.
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Ianchuk, Svitlana, Olga Garafonova, Yuliia Panimash, and Dariusz Pawliszczy. "Marketing, management and financial providing of affordable housing." Marketing and Management of Innovations 5, no. 2 (2021): 213–30. http://dx.doi.org/10.21272/mmi.2021.2-18.
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Today’s rising housing prices in most countries worldwide have caused increasable attention to the problem of affordable housing. It is a social or ethical issue and an essential economic direction. Thus, affordable housing has great potential, influencing economic growth, labor forces, innovation, sustainable development, and an inclusive economy. Systematization of informational sources, theoretical and practical approaches for providing affordable housing, and assessing social housing needs indicated many views on this problem among scholars and policymakers. That is why marketing, management, and financial providing of affordable housing are significant mainstreams. The research aims to investigate marketing and management fundamentals of providing affordable housing in connection with funding aspects based on cross-country analysis. For achieving this target, key trends of housing market segmentation were analyzed, considering the distribution of the population by tenure status and analytical house price indicators using the data of the statistical office of the EU, the World Bank, and the OECD. The ways to promote more affordable housing by public and local authorities, private investors in affordable housing, and specific social and affordable housing market organizations were described. Main organizational forms of providing affordable and social housing were also characterized. Particular attention was paid to strategic planning for affordable and social housing, especially housing business plans or affordable housing strategy development as a priority step in marketing, management, and financial providing affordable housing. A SWOT analysis for affordable housing developments was used to show strengths, weaknesses, opportunities, and threats to the affordable housing market. To empirically confirm some relevant strengths, the impact of indicators of financial providing of affordable housing was formalized based on correlation analysis (calculating Pearson or Spearman correlation coefficients with time lags based on results of Shapiro-Wilk testing) and construction of Arellano–Bond linear dynamic panel-data regression model with checking the Sargan test of overidentifying restrictions (the sample from 25 EU countries for 2011–2019) using the Excel 2010 and STATA 14.2 software. The dynamic model made it possible to consider the share of affordable housing owners with mortgage or loan or the share of tenants, rent affordable housing at a reduced price or free. The value of GDP of the previous period affects the current situation (due to introducing lag variables and using instrumental variables or the generalized method of moments (GMM) to obtain adequate estimates). The hypothesis that an increase of 1% of the share of affordable housing owners with mortgage or loan causes the rise in GDP per capita of an average of 0.44% with a two-year time lag was empirically confirmed. An increase of 1% of the share of tenants, rent-free housing or affordable housing at the reduced price, causes the decrease of GDP per capita of an average of 0.5% with a two-year time lag. It was substantiated that governments should continue and improve their policies for financing social and affordable housing. At the same time, they should prefer affordable mortgage lending programs over programs of reduced or free rental housing. The results of this research confirm the significant drivers of policies and practices devoted to affordable and social housing, such as marketing, management, and financial providing. The presented recommendations are useful for scholars interested in this scientific field of research, public and local authorities, investors in affordable housing, and specific affordable and social housing organizations.
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Sharam, Andrea Gayle. "Disruption and the matching market for new multifamily housing in Melbourne, Australia." Journal of General Management 44, no. 3 (April 2019): 160–69. http://dx.doi.org/10.1177/0306307018824230.
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A key area of system impact of the fourth industrial revolution (4IR) is the radical improvement in the functioning of matching markets. Matching markets are markets in which agents seek to be paired with someone or something with the criteria for matching often highly specific. Traditionally, the cost and difficulty in matching means many of these markets have not functioned well. Uber and Airbnb are examples of new matching market matchmakers that have been ‘turbo-charged’ by new digital technologies, resulting in what Parker et al. describe as a ‘platform revolution’. In this article, we examine the traditional, but poorly functioning, matching market for new multifamily housing development in Melbourne, Australia, and the potential for disruption offered by a new platform, Nightingale Housing Ltd. (NHL). Improved matching has been critical to the model and the Internet has been central to this. The NHL model has the potential for systems impact as outlined by Schwab in his conception of 4IR.
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Goodlad, Robina. "Housing management matters: Citizenship and managerialism in the new welfare market." Netherlands Journal of Housing and the Built Environment 14, no. 3 (September 1999): 241–56. http://dx.doi.org/10.1007/bf02496680.
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Zhang, Jie Ru. "Life Cycle Management of Prefabricated Housing." Applied Mechanics and Materials 209-211 (October 2012): 1476–79. http://dx.doi.org/10.4028/www.scientific.net/amm.209-211.1476.
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With the development of economy and the improvement of living standards, people pay much attention to quality of dwellings rather than quantity. What is more, the traditional house building method is inefficient and the poor quality cannot meet the demand of the market. Therefore, a new architecture building method, prefabricated housing appears and the management method also needs to be changed. This article analyses the features of prefabricated housing in order to build a new management model for Chinese prefabricated housing. The theory of life cycle management is chosen to manage this new building mode. The technology of BIM and mass customization strategy are treated as basic theories to support this essay. Det Ljuva Livet is used as an example to prove that the life cycle management of prefabricated housing is reasonable and feasible.
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Fedorova, Svetlana. "Role of Relationship Marketing in Promoting Smart Technologies in the Housing and Utilities Market." Vestnik Volgogradskogo gosudarstvennogo universiteta. Ekonomika, no. 2 (September 2020): 161–70. http://dx.doi.org/10.15688/ek.jvolsu.2020.2.15.
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The purpose of the study is to determine the criteria for segmentation of consumers of housing and communal services and build a model of their needs as a basis for the formation of marketing relationships for the management organization in order to increase the effectiveness of the introduction of smart technologies in the housing and communal services market. The introduction of smart technologies in the sphere of housing and communal services directly depends on the development of the relationship marketing as a technology for coordinating interests of all stakeholders in the market under consideration. In relation to the market of housing and communal services (HCS), the relationship marketing has been studied very little, which is due to the weak development of the categorical and methodological apparatus of the concept itself, as well as the complexity and multidimensionality of the subject-object structure of the housing and communal services market as an object of research. The housing and utilities market is a complex system that includes two clusters: the utility and housing segments which differ in service parameters, market types, and the composition of market entities. The article analyzes key barriers to the introduction of smart technologies in the market of housing and communal services. Besides, the segmentation of consumers is carried out; a model of the hierarchy of needs of consumers of housing and communal services is proposed; the relationship between the needs and the selection of specific smart technologies for managing an apartment building is revealed.
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Geipele, Sanda, and Armands Auziņš. "The Development of Housing Sector and Residential Real Estate Market After Economic Recession in Latvia." Baltic Journal of Real Estate Economics and Construction Management 3, no. 1 (December 1, 2015): 103–19. http://dx.doi.org/10.1515/bjreecm-2015-0011.
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Abstract The study is concerned with an examination of resource distribution in order to promote sustainable development of housing sector in the context of evolving residential real estate market after the economic recession period in Latvia. The statistical and comparative analysis methods have mainly been applied in the study, and the recommendations on the implementation of conceptual solutions for promoting the efficient management of housing sector according to the public needs have been provided. The findings of the study may significantly contribute when improving the housing policy and appropriate institutional environment in Latvia.
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Wu, F. "Urban Processes in the Face of China's Transition to a Socialist Market Economy." Environment and Planning C: Government and Policy 13, no. 2 (June 1995): 159–77. http://dx.doi.org/10.1068/c130159.
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In this paper the urban process in the face of China's transition to a market economy is examined from the perspective of political economy. Before economic reform, China operated a centrally planned economy. Production activities were organized on the basis of sectoral departments of the central government, and the reproduction of labour was carried out through self-contained development. The dominance of the state stemmed from its role in resource allocation. Economic reform, launched in 1978, introduced market mechanisms to urban processes in China. Through fiscal, housing, and land reforms decisionmaking was decentralized. Under so-called ‘comprehensive development’, municipalities are now required to organize urban development. The state has lost its dominant status in budgetary investment. Self-raised, extrabudgetary funds increased rapidly. Work units still extract surplus value efficiently but have had to become the major purchasers in housing markets because workers in the public sector cannot afford housing. The persistence of state ownership in the mode of production makes it unlikely that market forces will play a leading role in urban development in China.
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Seo, Wonseok, and LeeYoung Kim. "Investigating the Ripple Effect through the Relationship between Housing Markets and Residential Migration in Seoul, South Korea." Sustainability 12, no. 3 (February 8, 2020): 1225. http://dx.doi.org/10.3390/su12031225.
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This study examined the relationship between housing markets and residential migration to identify if there is a housing refugee phenomenon due to an involuntary ripple effect in the Seoul metropolitan area, South Korea. The study applied Granger causality analysis and a vector error correction model. The empirical results confirmed that changes in housing market conditions cause a ripple effect in surrounding areas in the Seoul metropolitan area, and these changes are easily transmitted to the nearby Gyeonggi housing market. This study shows that intra-metropolitan residential migration may occur due to changes in housing market conditions. Additionally, the study proved that residential migration from Seoul to the nearby Gyeonggi province does not represent the pursuit of a stable residential environment, but is merely involuntary migration due to the financial burden of increased housing costs in Seoul. Finally, the study showed that there may be a ripple effect that intensifies instability in the jeonse market—a type of lease unique to South Korea—that emerged due to residential migration from Seoul. From this perspective, this study confirms that residential migration occurring in the Seoul metropolitan area is the result of an involuntary ripple effect and represents a housing refugee phenomenon.
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Park, Soon Mahn, Ho Jin Lee, (Eun Sang Jung, Seung Dong You, Yeong Woo Nam, and Kyu Hyun Ji. "The Thirty Years of the Housing Studies Review : A Text-Mining Approach." Korean Association for Housing Policy Studies 30, no. 3 (August 31, 2022): 179–201. http://dx.doi.org/10.24957/hsr.2022.30.3.179.
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We analyze the research trend of the Housing Research Review over the period of 1993 to 2021. In particular, adopting text-mining methodologies: word frequency analysis, wordcloud technique, N-gram, and Topic Modeling, we analyze titles and keywords of all the papers on the journal. Based on those analyses, we find that words that the papers on the journal most frequently used over the past 30 years are ‘housing’ and ‘research’, which are followed by ‘price’, ‘househhold’ and ‘income’. Our word proximity analsyis shows the most-related keywords; housing prices, housing markets, fluctuations, and trading volume in terms of market and price structure; housing occupancy and household changes in terms of housing demand.
Our analysis of Latent Dirichlet Allocation reveals six categories; ‘the ownership and apartments’, ‘price and space’, ‘real estate policy and regulation’, ‘household’s decision in housing market’, ‘regional characteristics evaluation’, and ‘residency and rental housing’. The most interested topics are related to ‘price’, and we confirm that the topics of interest has been changed over the decades; from ‘development and management’ and ‘rental housing and real estate’ to ‘public housing’. In addition, our analysis confirms that housing research on Housing Studies Review is comprehensive and includes a variety of housing topics.
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Mottaeva, Angela. "Improvement of management in the housing-and-communal sphere in the green economy." E3S Web of Conferences 110 (2019): 02166. http://dx.doi.org/10.1051/e3sconf/201911002166.
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The relevance of the research subject is dictated by the poor quality of management at all the levels of the system of housing-and-communal services in Russia, insufficient study of the specifics of management of the industry, and also by the need of the development of ways of the increase in management efficiency for the purpose of providing its development according to the requirements of the green economy. The mechanism and structural model of management of housing-and-communal services were developed. It will allow increasing the management quality in the organizations of housing-and-communal services in the context of its sustainable development, structural dynamics, features of manifestation of interrelations of its elements, and also to resolve some contradictions. Such contradictions exist among the purposes of the state (development of the competition in the market of housing-and-communal services), purposes of commercial organization (making maximum profit), and purposes of population (receiving high-quality and cheap services). Moreover, the contradictions exist among the economical purposes, social interests and environmental priorities. The results of the research can be useful for the improvement of management in the housing-and-communal sphere according to the principles of green economy.
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Wen, Kuo Hsun, and Artde D. Kin Tak Lam. "An Integrated Model of Flexible Design Process for Taiwanese Housing Developments." Applied Mechanics and Materials 311 (February 2013): 386–91. http://dx.doi.org/10.4028/www.scientific.net/amm.311.386.
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This paper proposes a human-centered design approach to provide a model of flexible design process for private housing development in Taiwan. By integrating concepts of “Open Building” and “Open Source Building”, this paper suggests the scope for the ongoing customization of individual units within housing developments that intends to facilitate real-world, sustainable development for the Taiwanese housing market. Also, it argues that the current market-led design approach creates inherent problems for the Taiwanese housing developments. However, in Taiwan’s housing sectors are coupled with entrenched, unsustainable decision-making from housing developers and particularly the intractable communication gap between developers, architects and homebuyers. The current circumstance is that architects often lack professional integrity and serve the interests of developers before those of home occupants as well as the wider community. Noticeably, growing global awareness of sustainable development has recast housing as an intrinsic component of the urban environment and successful communities. In Taiwan, short-term profitability rather than long-term sustainability drives private housing. As a result, by employing a series of exploration to current design process and the principle of design management, this paper will 1) analyze the flawed relationships between Taiwanese developers, architects, interior designers and homebuyers, explaining how these lead to inferior housing design and the waste of significant human, material and financial resources; and 2) then concludes a model of flexible design process integrated the concepts of human-centered design approach, Open Building and customization of Taiwanese townhouse developments. Consequently, such approach can significantly improve the flexibility of the present design process in terms of better meeting end-user requirements, the demands of sustainability, whilst ensuring the continued commercial viability of housing developments.
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Nzau, Bernard, and Claudia Trillo. "Affordable Housing Provision in Informal Settlements through Land Value Capture and Inclusionary Housing." Sustainability 12, no. 15 (July 24, 2020): 5975. http://dx.doi.org/10.3390/su12155975.
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Public-driven attempts to provide decent housing to slum residents in developing countries have either failed or achieved minimal output when compared to the growing slum population. This has been attributed mainly to shortage of public funds. However, some urban areas in these countries exhibit vibrant real estate markets that may hold the potential to bear the costs of regenerating slums. This paper sheds light on an innovative hypothesis to achieve slum regeneration by harnessing the real estate market. The study seeks to answer the question “How can urban public policy facilitate slum regeneration, increase affordable housing, and enhance social inclusion in cities of developing countries?” The study approaches slum regeneration from an integrated land economics and spatial planning perspective and demonstrates that slum regeneration can successfully be managed by applying land value capture (LVC) and inclusionary housing (IH) instruments. The research methodology adopted is based on a hypothetical master plan and related housing policy and strategy, aimed at addressing housing needs in Kibera, the largest slum in Nairobi, Kenya. This simulated master plan is complemented with economic and residual land value analyses that demonstrate that by availing land to private developers for inclusionary housing development, it is possible to meet slum residents’ housing needs by including at least 27.9% affordable housing in new developments, entirely borne by the private sector. Findings suggest that under a robust public-led governance umbrella, market forces can (1) significantly contribute to fill the financial gap in order to achieve the end of slums by 2050 in coherence with the United Nations Agenda 2030 targets and principles, and (2) increase both affordable and market housing in upgraded neighbourhoods, hence enhancing social inclusion in cities of developing countries.
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Baek, Insoo, Sanghyo Lee, Joosung Lee, and Jaejun Kim. "Analysis of Housing Market Dynamics Considering the Structural Characteristics of Mortgage Interest." Sustainability 13, no. 19 (September 22, 2021): 10523. http://dx.doi.org/10.3390/su131910523.
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Mortgage loan interest rates consists of base interest and spread. In general, the base interest is adjusted by the government for the sustainability of the housing market. On the other hand, spread is determined by market mechanisms. Accordingly, the change pattern of base interest and spread may appear differently depending on the market situation. In the end, the effect of the government’s market intervention through interest rate policy may be different than expected. In this respect, the purpose of this paper is to analyze the effects of base interest and spread of the mortgage loan interest rate on the housing market and to derive important policy implications for the sustainability of the housing market. As a result of this study, the ineffectiveness of the government’s interest rate policies on the stability of the housing market was confirmed. The market mechanisms had more significant effects on the sustainability of the housing market than artificial political intervention. Further, housing supply policies based on the market mechanism could be more effective than housing demand policies based on interest-rate adjustments.
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Meng, Fan-yu. "ECONOMICAL HOUSING PROVISION IN CHINA (1998–2002) - A CASE STUDY OF BEIJING." International Journal of Strategic Property Management 8, no. 2 (June 30, 2004): 87–104. http://dx.doi.org/10.3846/1648715x.2004.9637510.
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Economical housing in China is targeted at the housing needs of middle and lower‐middle income urban households. Subsidies and other preferential policies for the provision of such housing are extended by the government. Economical housing is viewed by the Chinese central government as a fundamental component of the new housing system, which was set up in 1998 following the end of the old public housing system. It has also been used as the main driver for economic growth by the Chinese central government in the past five years. In each of those years, billions of RMB from the national budget has been invested in building economical housing, with the aim of eliminating the large gap between housing prices in the open market and public affordability, as well as to support economic growth. The issue of economical housing in China is intimately tied up with political and social issues. This paper presents a thorough study of the evolution of economical housing from 1998 to 2002 in China. Beijing is chosen as a case study because it is the capital city and has one of the most important real estate markets in the country. Recommendations are also given on the future development of economical housing.
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Zhu, Xiao Yan. "Design and Implementation of Real Estate Sales System Based on B/S." Advanced Materials Research 989-994 (July 2014): 5361–63. http://dx.doi.org/10.4028/www.scientific.net/amr.989-994.5361.
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As the housing system reform and the rapid development of real estate sales business, people put forward higher requirements on housing sales management. In the modern information society, people who buy houses just want to get the real estate sales and selling information as soon as possible. Real estate sales agent needs to communicate with buyers quickly. Real estate sales information management system is different from general management Information System in theory and real practice, which attach more information to the timeliness of issued information.With the development of our society and the increasing competition, real estate businessman pay more and more attention to information technology, and more real estate developers realize the importance of improving efficiency, decreasing cost and expanding business through information technology. Therefore, to develop a real estate sales system suiting the current market, and to solve problems that they meet in the housing market have practical significance.
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Nzau and Trillo. "Harnessing the Real Estate Market for Equitable Affordable Housing Provision through Land Value Capture: Insights from San Francisco City, California." Sustainability 11, no. 13 (July 2, 2019): 3649. http://dx.doi.org/10.3390/su11133649.
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Affordable housing remains a serious problem in many countries. Even as the housing affordability crisis deepens, most cities continue to exhibit robust real estate markets with high property prices. The low-income and poor households are unable to access affordable housing and remain excluded. This paper draws from empirical research conducted in the city of San Francisco and focuses on the application of Land Value Capture (LVC) through increased Inclusionary Housing (IH) requirements after plan changes that increased density potential in San Francisco’s Eastern Neighbourhoods to evaluate its effects on the goals of increasing both affordable housing and social inclusion. Findings reveal that the increased inclusionary requirements used as LVC mechanism enabled 76.2% of all the affordable housing units produced in the Eastern Neighbourhoods to be produced by market-rate developers in 2011–2015 as compared to the rest of San Francisco, where 35.5% of the affordable units were produced from the market through inclusionary policy during the same period. The study demonstrates that upzoning underutilised land coupled with a well-planned LVC mechanism can help harness the strength of the real estate market and increase both affordable housing production and social inclusion.
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Sternik, S. G., Ya S. Mironchuk, and E. M. Filatova. "Assessment of Average Market Investment Returns in Development of the Residential Real Estate in the Moscow Region." World of new economy 12, no. 3 (June 3, 2019): 140–52. http://dx.doi.org/10.26794/2220-6469-2018-12-3-140-152.
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In the previous work, G.M. Sternik and S.G. Sternik justified the options for the method of assessing the average current annual return on investment in residential real estate development, depending on the nature and content of the initial data on the costs contained in the sources of information (construction costs or total investment costs). Based on the analysis of the composition of the elements of development costs used in various data sources, we corrected the coefficients that allowed us to move from the assessment of the current annual return on investment in development in relation to the cost (full estimated cost) of construction to the assessment of the current annual return on investment in relation to the total investment costs. This calculation method was tested on the example of the housing market inMoscow. As a result, we concluded it is possible its use for investment management in the housing market. In this article, based on G.M. Sternik and S.G. Sternik’s methodology for assessing the return on investment into the development, and taking also into account the increase of information openness of the real estate market, we improved the calculation formulas, using new sources of the initial data, and recalculated the average market return on investment into the development of residential real estate in the Moscow region according to the data available for 2014–2017. We concluded that, since 2015, the average market return on investment takes negative values, i.e. the volume of investment in construction exceeds the revenue from sales in the primary market. However, in the second half of 2017, the indicator has increased to positive values, which was due to a greater extent of the decrease in the volume of residential construction in the region. The data obtained by us, together with the improved method of calculations, allow predicting with high reliability the potential of the development of the regional markets of primary housing for the purpose of investment and state planning of housing construction programs.
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Chamberlin, Graeme. "Recent developments in the UK housing market." Economic & Labour Market Review 3, no. 8 (August 2009): 29–38. http://dx.doi.org/10.1057/elmr.2009.141.
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Syed Abu Bakar, Syed Putra, and Mastura Jaafar. "Achieving business success through land banking and market analysis." Property Management 36, no. 5 (October 15, 2018): 562–74. http://dx.doi.org/10.1108/pm-10-2017-0059.
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Purpose The purpose of this paper is to examine the effects of land banking strategy and market analysis towards the performance of Malaysian housing developers. Design/methodology/approach Through in-depth interviews, participants shared their opinions on success factors of housing development firms with a focus on land banking and market study. Content analysis was performed on the data, identifying the connection between both strategies and their superior performance. Findings The study presents interesting findings in that it lends support to the existing literature as such land banking and market analysis do affect the business competitiveness of housing developers. Albeit subjective in nature, the comments received from respondents are revelatory and have implications for the level of performance perceived by the organisations, as well as the experience of housing entrepreneurs in assembling the land bank and gauging the housing market. Practical implications Though not a substitute for quantitative problem solving, this piece of work serves as a corroborative evidence to improve the satisfaction of homebuyers, industry players and policymakers. The paper ends by recommending that the study be repeated in Malaysia, this time with the involvement of other stakeholders, to enrich the findings. Originality/value To the best of authors’ knowledge, this is the first research performed in the Malaysian context in which the strategies of private housing developers comprising land banking and market analysis were explored in relation to business success. Hence, the present study not only contributes to the existing property literature, but also makes an important contribution to the business performance and firm competitiveness in the lens of Malaysian entrepreneurs.
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Pinto, R. R. "Strengthening the Links between Housing Estates and the Labour Market: A Model for Consideration." Environment and Planning C: Government and Policy 14, no. 1 (March 1996): 121–43. http://dx.doi.org/10.1068/c140121.
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The pronounced housing-market and labour-market changes which have intensified in recent decades have had a particularly severe impact upon the social housing sector. In this paper it is argued that within this tenure, social housing estates have experienced a progressive dislocation from the mainstream in economic and social terms. A generic model of Estate Development Trusts is presented which is an attempt to redress not only the balance of labour-market opportunities by targeting such issues as education, training, and (un)employment, but is equally directed at related aspects such as the housing-management, social, and health functions at the estate level. The primary purpose of the model is to provide a framework which highlights the attributes which ought to be considered when seeking to bring about the effective and holistic regeneration of social housing estates.
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Choguill, Charles L. "Methodology for land and housing market analysis." Cities 13, no. 2 (April 1996): 146–47. http://dx.doi.org/10.1016/s0264-2751(96)90043-8.
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Srivastava, Vibhava. "Eastern Housing Limited—Marketing Strategies of Real Estate Company in Bangladesh." Vision: The Journal of Business Perspective 21, no. 1 (March 2017): 93–96. http://dx.doi.org/10.1177/0972262916686607.
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This is an analysis for the management case of Eastern Housing Limited (EHL), Bangladesh. The premise of the case is that EHL having enjoyed market leadership of nearly 40 years has now started facing heat in the real estate market of Bangladesh. EHL has lost its leading position to East West Property Development Pvt. Ltd (EWPDL) which commands 30 per cent market share in the year 2015, whereas EHL holds approximately 20 per cent market share, inclusive of sales across different offerings in the real estate market. The reported compound annual growth rate (CAGR) of EHL (12.77 per cent) in the year 2015, however is much better than the industry (real estate renting and business services) CAGR of 4.4 per cent. But the upcoming years are going to be tough for EHL as competition is likely to intensify. The immediate focus of EHL is how to increase the market share though in long-run EHL wants to sustain and consolidate its position in the market. The analysis starts with situation analysis and ends with recommending future course of action for short-term vis-a-vis long-term perspectives.
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Read, Dustin C., and Drew Sanderford. "Making places and making tradeoffs: mixed-income housing development in practice." Journal of Place Management and Development 10, no. 5 (December 4, 2017): 461–78. http://dx.doi.org/10.1108/jpmd-12-2016-0074.
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Purpose The purpose of this paper is to examine the development of the Brightwalk community in Charlotte, North Carolina, to explore some of the tradeoffs municipalities make when engaging in public–private partnerships designed to support the production of mixed-income housing in urban neighborhoods. Design/methodology/approach The results of a gray literature review and a series of in-depth interviews conducted with real estate practitioners familiar with the transaction are presented to evaluate the impact of market forces on key investment decisions and project outcomes. Findings Public–private partnerships formed to support mixed-income housing development can serve as an effective means of revitalizing economically stagnant urban areas and improving the quality of the affordable housing stock, but they do not always provide members of the development team with an equally strong incentive to satisfy the unique demands of low-income populations or ensure they have a seat at the table when development decisions are made. Originality/value The originality of the research lies in its focus on a public–private partnership led by a non-profit organization to facilitate the redevelopment of a dilapidated market-rate apartment complex into a revitalized mixed-income community, which may help municipalities evaluate the pros and cons of participating in similar development transactions.
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Altmann, Erika. "Small scale housing unit developments." Property Management 34, no. 3 (June 20, 2016): 262–75. http://dx.doi.org/10.1108/pm-06-2015-0025.
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Purpose – Some multi-owned housing developments do not appoint an external strata manager. The purpose of this paper is to highlight how governance is negotiated when there is no strata manager in place. Design/methodology/approach – A semi structured interview was conducted as a case study to contrast and highlight issues that occur where no strata manager is in place. Findings – The lack of a manager presented particular difficulties when negotiating outcomes. A market gap is identified highlighting implications for how strata managers may increase future market penetration. Research limitations/implications – The number and spatial occurrence of strata titled complexes operating without a formal governance structure in situ is not known. Further research needs to be undertaken in this area. Practical implications – The resilience of Australia’s densification policies is dependent on how owners perceive and adjust to additional layers of governance. Difficulties arise for the individual and the scheme as a whole where no formal mechanism is operational. Social implications – As cities become more dense, multi-owned property is increasing. Where governance mechanisms fail, or fail to be implemented, sound governance outcomes may be problematic. Originality/value – The issue of multi-owned property operating without or outside a governance structure has not previously been considered.
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Wang, Bingbing. "Housing market volatility under COVID-19: Diverging response of demand in luxury and low-end housing markets." Land Use Policy 119 (August 2022): 106191. http://dx.doi.org/10.1016/j.landusepol.2022.106191.
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Newberry, Pablo, Paul Harper, and Thea Morgan. "Understanding the Market for Eco Self-Build Community Housing." Sustainability 13, no. 21 (October 27, 2021): 11823. http://dx.doi.org/10.3390/su132111823.
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This paper evaluates the potential of eco self-build community (ESBC) housing to act as a socially and environmentally sustainable housing solution that can address the demand for self-build and community housing whilst supporting the UK’s 2050 net-zero-carbon commitment. This model of housing is being piloted through schemes such as the Water Lilies project, an upcoming ESBC scheme providing self-finish houses and custom-build flats. The research aims to gain a broad understanding of the market for ESBC housing by analysing the data from people who registered interest in a plot or home and comparing this with data from a similar survey targeted at the market for conventional self-build and custom-build housing. The key findings are that: (1) the ESBC housing market is largely open to more than one build method, but with a greater preference for purchasing a completed home and self-finish than self-build, compared to the conventional market for self-build and custom-build that is primarily interested in self-build; (2) the ESBC housing market is looking for a variety of home sizes, though predominantly 2 and 3 bedrooms, that could be provided through houses and flats, compared to the conventional market for self-build and custom-build that is mostly seeking larger houses on single plots; (3) the most important housing aspects to the ESBC housing market are ‘green lifestyle’, ‘style and construction quality’, and ‘community spirit’, which differ to the conventional self-build and custom-build market, where they are ‘construction quality’, ‘internal appearance/layout’ and ‘location’; (4) living in a sustainable home is important to the market for conventional self-build and custom-build housing and on average, they would be willing to pay 27% more for a highly sustainable home than the average UK new build. The main drivers are that people want to reduce their environmental impact and reduce their home running costs. A key overall conclusion of the study is that a distinct market exists for ESBC schemes, where the priorities of prospective homeowners differ to those from the more general self-build market. For ESBC schemes, the provision of eco-housing and a sense of community are key priorities, whereas for the more general self-build market, location and the need to tailor the house design to the owner’s unique aesthetic and lifestyle preferences tend to be the most important factors. This paper discusses the implications of these findings and identifies opportunities for scaling up the delivery of ESBC housing.
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Rutkauskas, T. K., and E. V. Shukshina. "The development of the program of complex development of communal infrastructure." Proceedings of the Voronezh State University of Engineering Technologies 80, no. 4 (March 21, 2019): 456–62. http://dx.doi.org/10.20914/2310-1202-2018-4-456-462.
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Utilities are an important part of the population's livelihood. The quality and reliability of public services determines the standard of living of the population. The provision of quality services to the population is one of the indicators of the region's development. That is why it is so important to correctly predict and develop Programs that affect the performance of public services. The main component of the successful development of housing and communal services is a competent management environment. Management in the municipal economy is a process of achieving the objectives and stated objectives by the subjects of management, through the implementation of measures on the objects of management. To implement these measures and improve the level of services provided, programs are being developed for the integrated development of municipal infrastructure systems in the territory. Program of complex development of systems of municipal infrastructure is a mechanism for the implementation of the powers of municipalities in the field of providing consumers with quality and affordable utilities, as well as a key document that determines the vector of development of engineering infrastructure in the long term (in accordance with the term of the master plan). The implementation of programs for the integrated development of municipal and social infrastructure is a mechanism for the implementation Of the strategy for the development of housing and communal services in the Russian Federation. Development of programs of complex development of systems of municipal and social infrastructure is necessary for ensuring resource saving, formation of market mechanisms of functioning of housing and communal complex, increase of level of quality and availability of services of health care and education the defining signs which should be paid attention at development of the Program, to consider them and key features of each territory are Revealed. Through the implementation of the measures included in the Program, it is possible to achieve high standards of living, the quality of public services and the maximum level of availability of services in the housing and communal sector.
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Moroz, Nataliia Volodymyrivna, Lidiya Petrivna Bondarenko, and Olha Mykhailivna Chubka. "PRINCIPLES OF PROFESSIONAL MANAGEMENT OF MULTI-APARTMENT BUILDINGS." SCIENTIFIC BULLETIN OF POLISSIA 1, no. 2(14) (March 1, 2018): 150–56. http://dx.doi.org/10.25140/2410-9576-2018-1-2(14)-150-156.
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Urgency of the research. Ukraine is at the stage of transition to market relations in the area of housing stock management. Target setting. For today, the problem of efficient management of multi-apartment buildings remains unresolved. Although the first steps in the reform of this system have been launched, however, however the state has not implemented any active actions. This problem does not acquire a special development in Ukrainian scientists' scientific researches. Actual scientific researches and issues analysis. Housing management has been researched in the scientific works of such scientists as Yu. B. Baklahov, K. O. Vytryshchuk, Ye. M. Heleveria, Z. V. Honcharova, N. I. Oliinyk, H. I. Onyshchuk, H. M. Semchuk, T. V. Serdiuk, S. Yu. Yurieva. Uninvestigated parts of general matters defining. The issues of professional management of multi-apartment buildings are not sufficiently studied. The research objective of the article is to formulate and substantiate the principles of professional management of multi-apartment buildings. The statement of basic materials. The analysis of the authors' approaches to the definition of general management principles and in the sphere of housing and communal services has made it possible to propose an improved systematization of their types in relation to the management of the objects of the housing stock. These principles should be taken into account by the housing owner (co-owners) in the transition to the form of multi-apartment building management that is professional management on the basis of the agreement of the housing cooperative with the manager, since it is the knowledge and taking into account the principles of management in practice are the most important conditions for its effectiveness. Conclusions. Introduction of apartment buildings professional management will give a significant impetus to the creation of a competitive environment in the market for providing housing management services, improving the quality of housing and communal services, increasing the safety and comfort for citizens living.
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Srivarasat, Pairote, and Winai Wongsurawat. "The Bangkok Housing Market: Past Performance And Future Prospects." Journal of Applied Business Research (JABR) 35, no. 1 (January 1, 2019): 35–42. http://dx.doi.org/10.19030/jabr.v35i1.10329.
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This paper provides an overview of the evolution of the housing market in Bangkok beginning in the boom period of the 1990s up to the most recent developments. Key summary data are provided and a simple model of housing supply is developed. While the market has recovered from its biggest crisis, there remain future challenges, some of which are likely to present themselves in other countries as well. The influence of Chinese investment and the risk of capital flight represent medium-term threats. In the long term, an aging population and growing income and wealth inequality are likely to impede prospects for broad-based growth in housing demand.
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Mattingly, Michael. "Methodology for land and housing market analysis." Land Use Policy 12, no. 2 (April 1995): 183–84. http://dx.doi.org/10.1016/0264-8377(95)90031-4.
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Dewilde, Caroline, and Lindsay B. Flynn. "Post-crisis developments in young adults’ housing wealth." Journal of European Social Policy 31, no. 5 (December 2021): 580–96. http://dx.doi.org/10.1177/09589287211040443.
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How has housing wealth inequality changed for young-adult households in the post-financial crisis period, and what is driving such change? We chart a path for subsequent studies by analysing the previously unexamined post-crisis housing wealth profile of young adults via different angles and using multiple inequality measures. Using household micro-data for 11 European countries ( Household Finance and Consumption Survey, 2010–2017) and the United States ( Survey of Consumer Finances, 2010–2016), we find that the accumulation of housing assets for 22–44 year olds is unevenly concentrated among high-income homeowners, over and above what would be expected given the well-known decline in homeownership. We describe and assess several potential drivers for these wealth profile changes, finding that the current explanations offered in the literature do not adequately account for the unequal wealth profile of young people. We conclude that a mix of dynamics, including housing market volatility, housing market configurations leading to uneven capital gains and losses, and the increased social selectivity of homeownership intersect to shape the ways that young adults navigate the housing market in post-crisis times.
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Hristoforova, I. V., and I. A. Schmidt. "Communicative Interaction оf Participants in the Process оf Promotion оn the Individual Residential Market in Russia." World of new economy 13, no. 4 (December 4, 2019): 103–14. http://dx.doi.org/10.26794/2220-6469-2019-13-4-103-114.
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In order to achieve the maximum possible efficiency of modern management in Russia in the market of individual housing communication should be built considering the relationship between market actors, on the basis of which is formed by the housing promotion object that allows you to improve the economic efficiency of an entity in the long term through the generated values relationships. The article is devoted to the consideration of the interaction of key actors in the private housing market, participating in the promotion: building organisations, Realtor firms and consumers. The subject of research: the process of interaction between construction companies, real estate agents and consumer firms, which formed values which affect the effectiveness of the promotion. Tendencies of the development of the individual residential market on the example of the city of Novosibirsk, which allowed updating communication processes of market agents. Despite massive amounts of residential construction, the sales volume of objects of individual pages.
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Stevenson, Simon, and James Young. "Forecasting Housing Supply: Empirical Evidence from the Irish Market." European Journal of Housing Policy 7, no. 1 (February 15, 2007): 1–17. http://dx.doi.org/10.1080/14616710601132518.
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