On real estate development activity: the relationship between commercial and residential real estate markets

Schoenmaker, Dennis; Vlist, A.J. van der

doi:10.1007/s12076-015-0144-4

Cited by 8 publications

(6 citation statements)

References 24 publications

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“…Additionally, a general description of variables of the building construction process, as significantly impacting the parameters of the whole economy, and in particular -the real property market -can be found, among others in the works of Mach and Racka (2018), Geipele and Auzins (2015) and Mach (2016). On the other hand, we can find descriptions of making use of the factor in the form of issued building permits and its impact on the conditions of the real estate market in the works by Mach (2012), Go (2013), Somerville (2001) and Schoenmaker and Vlist (2015). Also, an analysis of prices and their indexes appears vital from the point of view of research into the real estate market (cf.…”

Section: Research Assumptions and Research Methodologymentioning

confidence: 95%

Measuring and Assessing the Impact of the Global Economic Crisis on European Real Property Market

Mach¹

2019

Journal of Business Economics and Management

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Economic development of countries, regions or entities operating on the market is possible when favourable economic conditions outweigh adverse conditions. Examining the development of European economy, it is possible to observe this regularity in the majority of periods, i.e. the bull market had a more intense and longer impact on the economy in comparison with the bear market, enabling constant economic development of Europe. Globalisation, a relative ease of financing investment activity, financial over-liquidity, negative interest rates: all of them result in the fact that previously verified and correctly operating mechanisms and market models have become unpredictable. During the latest crisis, the European real property market lost some part of its potential. The loss varied in individual EU member-countries. Some of them coped with the crisis quite successfully, others managed to do so on the average, still others have felt its effects until today. Making use of regressive techniques, the author undertook to measure and assess the impact of the global crisis on the property market. Consequently, the effects and intensity of its impact regarding the number of issued building permits, number of the employed in construction industry, value of construction production and prices of real property were measured.

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Section: Research Assumptions and Research Methodologymentioning

confidence: 95%

Measuring and Assessing the Impact of the Global Economic Crisis on European Real Property Market

Mach¹

2019

Journal of Business Economics and Management

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“…Several studies have shown that the number of building permits that developers obtain is a critical factor in the future performance of their business [25][26][27]. Obtaining building permits indicates full readiness to start new construction projects, and the number of construction projects actually started is an indicator of the developer's commitment to new investments.…”

Section: Changes In Housing Market In Poland During the Covid-19 Pand...mentioning

confidence: 99%

The housing market in Poland during the Covid-19 pandemic

2023

Archives of Civil Engineering

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This article examines the impact of economic factors, such as changes in interest rates and inflation, on the primary housing market in Poland from January 2019 to September 2022, with particular focus on the Covid-19 pandemic. The research problem is to understand how these economic factors have affected the housing market, and the research objective is to analyze the activity of developers, building permits issued, investments started, and housing loans granted. The research methodology involves the analysis of data from various sources, including official statistics and reports from developers and investment funds. The research findings suggest that the decreased demand for housing loans has led to a significant decline in the allocation of new housing. However, the emergence of new major players, such as leading European and global investment funds, could provide opportunities for developers. The study concludes that caution is warranted in starting new construction activity and that the best performance in housing production in the transition period to 2021 is unlikely to be exceeded in the current or subsequent years. The implications of this study are that developers need to consider economic factors and market trends when making decisions about new construction and that investment funds may play an increasingly important role in the housing market.

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“…Multiple works of literature obtained were found to define real estate development from an individual or standalone (microeconomic) basis only, regarding it as a "process of land development to construct commercial and residential buildings" (Schoenmaker & Van der Vlist, 2015).…”

Section: Definition Of Real Estate Developmentmentioning

confidence: 99%

The role of short-term accommodations on the place brand and real estate development of urban areas: A case study of Malate, Manila

Gener¹

2022

j. adv. res. s. sci. hum.

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Aim: This study investigates the role of short-term accommodations on the place brand and real estate development of Philippine urban areas. It aims to know the perceptions of various stakeholders on how these lodgings affect a community's place brand and land value through mixed methods research composed of surveys, interviews, and focus group discussions. Methodology: This research utilized qualitative techniques. Interviews were conducted with employees and officials of said developers and with identified government offices related to this research. Findings: The survey results showed that although a local tourism circular regards short-term accommodations as mere traveler lodgings, most people use them for their intimate moments. Because of this, findings also revealed that short-term accommodations exhibit a negative place brand among respondents though they also believe that it's still one of society's most important economic players. Meanwhile, statistics from the Pearson Chi-square Test indicate that 14 out of 17 variables greatly influence respondents' perceptions. In contrast, MLR results show that being born in Malate and part of a family household was the most significant regardless of socio-economic level and monthly household income. For local official interviews, they said that their zoning ordinance presently regards short-term accommodations just like any other lodging enterprise. Hence, it's perfectly legal for these establishments to situate themselves near residential areas and/or institutional structures despite being presently associated with various sexual activities. Lastly, real estate developers said they have no bad views against these lodgings since their project sites have always been motivated only by suitability, zonability, and marketability factors. Implications/Novel Contribution: Overall, these findings merit a recalibration of the zoning ordinance and tourism circular and imposition of regulations on their sexually-suggestive roadside advertisements. Then, once relevant measures are refined for proper implementation, it can also pave the way for spatial interventions (like visual buffer corridors) to better address the needs of the locals, private groups, and government.

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On real estate development activity: the relationship between commercial and residential real estate markets

Cited by 8 publications

References 24 publications

Measuring and Assessing the Impact of the Global Economic Crisis on European Real Property Market

Measuring and Assessing the Impact of the Global Economic Crisis on European Real Property Market

The housing market in Poland during the Covid-19 pandemic

The role of short-term accommodations on the place brand and real estate development of urban areas: A case study of Malate, Manila

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