Field Of Real Estate Research Articles

Factors influencing tenant retention among selected commercial leasing establishments in Cebu City, Philippines

In the competitive field of commercial real estate, it is important to understand the factors that affect tenant retention to maintain a stable and profitable leasing environment. This descriptive survey research examined the factors influencing tenant retention among selected commercial leasing businesses in Cebu City, Philippines, with a focus on office and retail lease contracts. A total of 150 tenants (lessees) were purposefully selected to participate in the survey, and data were collected through a questionnaire created by the researcher. The results showed that tenants regarded the management structure of the lessor, building quality, lease pricing, contract terms and conditions, building location, and government regulations as key factors in their decision to stay with their lessors. The study also found that tenants were moderately satisfied with these factors. These findings highlight the importance of lease agreements and property management in tenant retention strategies. Further research on these factors and their impact on property management in Cebu City's commercial leasing sector could provide valuable insights for improving tenant satisfaction and retention.

ECONOMIC CRIME IN THE FIELD OF REAL ESTATE

The scientific article is devoted to a comprehensive study of criminal law issues of economic crime in the field of real estate. The research paper examines a range of theoretical and practical issues of economic crime prevention and substantiates a number of provisions and conclusions that are new in conceptual terms and are important for legal science and law enforcement practice. The article proves that each state has a system of measures that protect each individual and society as a whole from offenders and restore justice. Insufficient research into the problems of economic crime and the validity of measures to prevent it has an extremely negative impact on the economic sphere of the state. The urgency of the problem is also growing due to the long-overdue need to improve the legal acts regulating the prevention of economic crime. A study of the state and trends of economic crimes has shown a sharp increase in their number under martial law, especially serious crimes. The article establishes that a significant part of economic crime is latent crime, the main reasons for which are the reluctance of the victims (mostly due to circumstances beyond their control) and, in most cases, the inability to report a crime committed against them, mainly in the temporarily occupied territories of Ukraine. The authors studies and characterises two main levels of prevention of economic crime: general social and special criminological.

Embodied Suzhi: Constituting Middle-Class Subjectivity in Post-Socialist China

Suzhi has grown into a key bio-policy that is crucial to governance and individual life in post-socialist China. Drawing upon Bourdieusian habitus, this article examines how millennial middle-class women live the class-based suzhi on a daily basis in the fields of education, marriage and real estate. Class divisions configure women’s habitual pursuit of cultural suzhi, and their embodied capital is reflected in practical situations. Women embody cultural suzhi and specific life experiences as middle-class daughters. They are inclined to have matched marriages to ensure personal happiness. But middle-class women demonstrate high neoliberal reflexivity in performing civil suzhi in the field of real estate. Neoliberal feminism is materialised through suzhi: Women exhibit reflexivity in their embodied experiences of suzhi while also internalising class structures and state power, thus reinforcing the insidious reproduction of social inequality.

Transformations of Russian industrial real estate in the context of unstable economy: Literature mapping and review

This study is focused on Russian industrial real estate and mechanisms of its transformation in crisis periods as a sphere of scientific knowledge. The investigated crisis periods are of interest from the perspective of their different nature, which remains a relevant research problem at the interface of economics and politics. The source materials were all types of research literature published from 1940 up to the present, along with state standards in this field. The materials for analysis were collected from the book funds of the Russian State Library and journals of the leading Moscow universities. The collected literature was classified based on three historical periods. These included (1) the war and post-war period of the 40s and up to the mid-70s, when technical literature was published; (2) 90s and 2000s, which passed under the sign of perestroika and general restructuring of industrial enterprises; and (3) the period since 2014 up to the present, characterized by a series of geopolitical events. The conclusion is made that the evolution of scientific knowledge in the field of industrial real estate depends on the nature of the ongoing crisis.

Using digital tools in the context of female dominance in the real estate market


 
 
 For society, women’s work is an important reserve necessary for the effective development of production. Negative trends related to female employment have a detrimental effect on the country’s demographic situation, as well as on social relations. Statistics show that it is women who experience the most problems in terms of career growth and professional development. The volume of job offers for women is characterized by a much narrower professional range, and the average salary level is lower. In addition, a woman’s chances of losing her job are always higher than those of men. However, the digital economy provides new employment opportunities for women. Working in real estate combined with digital tools increases female employment and equalizes income levels between men and women. The purpose of the article is to study the state of use of digital tools in the field of real estate, as an important component of increasing the efficiency of the work of real estate agency personnel.
 
 

Analysis of the initial steps of the Market Comparison Approach (MCA) for its application to agricultural land: parameters of the market segment and real estate data

In the current Italian real estate market, estimates of the market value of rural properties are carried out by appraisers mainly using the single-parameter comparison procedure and, less frequently, the income capitalization method. To overcome problems of appraiser subjectivity and other issues related to these methods, and to gradually comply with real estate appraisal standards, this research paper aims to develop and validate a scientifically rigorous method. This article carries out a first attempt to apply the mixed approach based on the integration of Market Comparison Approach (MCA) and General Assessment System (GAS) to agricultural land, currently used only in the field of urban real estate appraisal. The study focuses on the first steps of this valuation procedure: choice of the parameters which characterise the market segment and identification of the land characteristics to be included in the procedure. These two steps are preparatory to the following phase concerning the estimate of marginal prices, which represents the core of the whole valuation procedure. In the current Italian real estate market, estimates of the market value of rural properties are carried out by appraisers mainly using the single-parameter comparison procedure and, less frequently, the income capitalization method. To overcome problems of appraiser subjectivity and other issues related to these methods, and to comply with real estate appraisal standards, this research paper aims to develop and validate a scientifically rigorous method. The Market Comparison Approach (MCA) is used as a starting point for a comparative multiparameter approach, which is currently only used in the field of urban real estate appraisal.This paper carries out a first attempt to apply the MCA to agricultural land, contributing an initial exploration of developing the proposed methodologies. Specifically, this paper reports the first steps that have been carried out in this line of research: choosing the parameters to identify the market segment; identifying the characteristics to include in the procedure for which to determine the respective marginal prices.

FAST a Digital Sales Transformation Software for the Real Estate Industry

Nowadays, organisations are encountering ever-more challenging demands, and those that do not adapt risk closure. This trend is particularly notable in small and medium-sized enterprises, where deficits in technology adoption are often particularly conspicuous. Companies that succeed in streamlining their sales process are more likely to enjoy better outcomes, underlining the crucial requirement of implementing technical solutions to tackle these problems with optimal efficiency. Therefore, the aim of this investigation is to deploy a web-based system for the purpose of enhancing sales management in a company operating in the field of real estate and construction. The system was constructed utilising Extreme Programming XP methodology, consisting of four phases: planning (user stories), design (system outline), coding (system programming) and testing (testing). The introduction of a web-based system highly streamlined the company’s sales process, reducing information search times by 64% and decreasing time spent on recording sales data by 62%. The system enabled greater sales activity during the day, resulting in a 72% increase in task performance. It also aided the accounting department in streamlining revenue reporting. This demonstrates that the system is an efficient tool for enhancing the sales process, reducing yearly tasks, and minimizing recording time.

The Relationship of a Shared-Equity Construction Agreement with an Investment Agreement: Consumer Protection Issues

Introduction: a shared-equity construction agreement and an investment agreement are key instruments in the field of real estate and investments. They define the rights and obligations of the participants; affect the quality of construction and consumer protection. Purpose: to analyze the relationship between these two types of agreements with an emphasis on issues related to consumer protection; to analyze judicial practices, case-law decisions and legislative norms governing shared-equity construction and investment agreements, taking into account their impact on the rights and interests of real estate buyers. Methods: the methodological framework for the research is based on the methods of scientific cognition, among which the main ones are the methods of consistency, analysis and comparative law. Results: consumer protection within the framework of equity agreements and investment agreements plays an important role in ensuring trust and fairness in relations between the parties. The legal mechanisms and protection structures allow consumers to make informed decisions and ensure their interests when concluding such agreements. Conclusions: the work provides an overview of practical situations affecting consumer protection and offers the recommendations for improving the mechanisms for protecting and ensuring their interests in the context of various contractual relationships, contributing to the balanced development of the real estate market and investments.

ANALYSIS OF INFORMATION ON THE INTRODUCTION OF “GREEN” TECHNOLOGIES IN THE FIELD OF RESIDENTIAL REAL ESTATE IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT MANAGEMENT OF RUSSIAN COMPANIES

The article analyzes information on the introduction of “green” technologies in the context of managing the sustainable development of Russian companies in the field of residential real estate. It was revealed that the aspects of information support for the use of “green” technologies in practice are insufficiently developed, there is no or insufficient information on these aspects on the official websites of real estate developers and their sales offices, there is not enough relevant information in the media field and expert reviews on this topic.
 There is not enough activity on sales forums Asignificant PR campaign developing one of the criteria of the “green” standard was the placement of eco-containers for collecting tires, clothing and equipment and other items on the territory of residential complexes. The objectives of the campaign were defined as increasing comfort and responsible attitude to the environment in modern residential complexes.
 During the research, the strengths and weaknesses of advertising and PR support for the introduction of “green” technologies in the construction of residential real estate in Moscow and the Moscow region of the Group of Companies “Airplane” were identified.
 Recommendations on the development of information support for the introduction of “green” technologies in construction and residential real estate sales in the context of sustainable development management of Russian companies have been formed.

АНАЛИЗ МЕТОДИКИ ОЦЕНКИ «ЗЕЛЕНЫХ» МНОГОКВАРТИРНЫХ ЖИЛЫХ ЗДАНИЙ НА ОСНОВЕ ГОСТ Р 70346-2022 «ЗЕЛЕНЫЕ СТАНДАРТЫ»

Sustainable development is becoming an important aspect in the field of real estate, indicators of different groups are used for a comprehensive assessment of real estate, taking into account compliance with the principles of sustainable development. The article analyzes the first method of «green assessment» of the DOM.RF standard based on GOST R 70346-2022, taking into account the addition of relative indicators and calculations by the authors. It is proposed to use qualimetry methods to improve the developed methodology and artificial intelligence as a qualimetry tool to reduce the cost of conducting an assessment, improve the quality of assessment and reduce the subjectivity of the expert method.

DIAGNOSTICS OF MANAGEMENT OF MARKETING BUSINESS PROCESSES IN REAL ESTATE ENTERPRISES

With the rapid development of information technology and the deepening of the concept of value chain management, the enterprise management mode has been liberated from the traditional vertical integration structure, and opened a new chapter of all-round horizontal integration and value management. Many domestic and foreign enterprises have launched business process reengineering plans to strengthen enterprise management and enhance comprehensive competitiveness. This radical change has a huge impact on the traditional real estate sales model, forcing the sales business process must adapt to the new market development trend, and more closely integrate with other business processes to meet the comprehensive needs of modern enterprise management. In order to adapt to the changes of external environment, real estate enterprises must optimize and reconstruct their internal processes. Through business process reengineering, enterprises can break the traditional functional organizational structure, establish a new process organizational structure, eliminate ineffective processes, shorten the time required for processes, improve the execution efficiency of processes, and finally achieve the goal of improving management level and work efficiency, optimizing resource allocation and standardizing management processes. Marketing process management plays an important role in enterprise operation. By effectively organizing and coordinating individual business processes, marketing process management can improve the overall operational efficiency of a company. This paper focuses on the problem of marketing process in the field of real estate. Firstly, it emphasizes the importance of studying business process management. Then, according to the background of China's real estate development, the main links of the marketing process management of real estate enterprises are discussed in a targeted way (analyzing the target market, formulating sales strategies, implementing promotion activities, building sales channels, implementing sales activities, providing after-sales service). On the basis of the above links, this paper comprehensively analyzes the challenges faced by real estate enterprises in the marketing process. These challenges come from many aspects, such as market environment, sales channels, monitoring and evaluation. In order to deal with these challenges, this paper discusses and puts forward some countermeasures. These strategies include perfecting market research, diversifying sales channels, optimizing promotion strategies and strengthening marketing team building.

ІНСТРУМЕНТАРІЙ СТРАТЕГІЧНОГО УПРАВЛІННЯ ДІЯЛЬНІСТЮ СУБ’ЄКТІВ РИНКУ НЕРУХОМОСТІ

In the ever-evolving world of property management, technology has become indispensable for streamlining operations, increasing efficiency and improving decision-making processes. As the industry becomes increasingly complex and competitive, real estate professionals rely on a variety of strategic tools and software solutions to manage real estate, analyze market trends, communicate with stakeholders, and streamline administrative tasks. The article defines trends in the modern real estate market. The essence of strategic management, its importance for long-term stable activity is defined. The essence of strategic management in the field of real estate is specified, taking into account the characteristics of the market object – buildings, structures, land and infrastructure. Growth forecasts of the global real estate market have been determined. Strategic management tools are defined: strategic analysis, strategic planning, organization of strategy selection and implementation, and strategic control. Each of them is considered in more detail. The need for a strategic analysis of the real estate market, as well as the main strategies by which this process can be carried out, is determined. The theoretical information has been transferred to the practical plane. The value of diversification, building a network of connections and adaptation through constant updating of knowledge is established. New paradigms in the field of real estate using new technologies have been identified. Features grouped together that offer leading solutions in this space. The statistics of technological indebtedness of enterprises on the real estate market have been determined. The areas of optimization of strategic management of lease operations are analyzed. Prospects for improving the tools of strategic management of the activities of real estate market entities were studied: expanded work and communication opportunities, the emergence of flexible detailed report customization options, predictive analytics based on AI, report templates with flexible settings, real-time data visualization, etc.

Book Review ‘Real Estate Management: A Management Approach’

The main function of the property manager is to realize the property owner's objectives, to generate income for them as well as maintain or increase the value of the investment property. The job of a property manager is complex and requires expertise in a more comprehensive field of real estate. The real estate market which has a direct impact on the job of real estate managers, is a major component of the economy in general. The two are very close where economic performance can cause changes in the real estate market. In order to assess the current and future potential of a particular property and then develop a management plan for it, a property manager must first understand the underlying economic trends and their implications for the real estate market. Only then can the property manager proceed with the steps to develop an efficient and professional management plan. All the activities involved in the marketing of the space to be rented are directed towards a single goal, which is to sign a rental agreement between the owner and the tenant. The role of the property manager in rental management will involve aspects of rent collection, establishing good relations between owners and tenants, coordination between tenant contractors, management of utilities and building services and monitoring the return of the premises to a good condition after the termination or expiration of the rental period.

LEGAL RECORDS OF REAL ESTATE IN BOSNIA AND HERZEGOVINA - PERSPECTIVES AND NEW TENDENCIES

The problem of the unsettled land registry state of real estate generated the appearance of new problems, as such but also of some other nature, whereby some of them, and due to the sensitivity of the question, covered by their reach, at the level of the most complex issues in the legal system of Bosnia and Herzegovina. Under the spotlight of such problems, the paper points to possible directions reforms in the field of public real estate records and real estate rights. In order to choose the appropriate recording model, the most significant reform solutions are also presented in the paper, contained in the provisions of the new entity laws on land registers, i.e. of the law on real rights. With the same goal, the paper points out the importance of following rich legal traditions in the matter of establishing rights to real estate. In this respect, special attention is dedicated to the re-updated system of unique real estate records, as a kind of expression of completely different aspirations in this area.

Legal status of the real estate organization

The article talks about the positive experience of foreign countries in the field of real estate, which is directly related to the real estate sector today. It is known that in Article 83 of the Civil Code of the Republic of Uzbekistan, property is divided into immovable property and movable property as an object of civil rights, including land plots, underground resources, buildings, structures, perennial trees and other property integrally connected with the land, i.e. objects that cannot be moved without causing disproportionate damage to their intended purpose, the legislation stipulates that other property can also be included in the list of immovable property, and the features of acquisition of rights to immovable property and their cancellation shall be determined by legislation. The article describes the norms of the status and description of real estate in other countries, in particular, Germany and a number of countries. The purpose of the article was to research the problems of legal regulation of real estate activity. Also, the disclosure of problems arising in the field of real estate and its solution were also discussed. In conclusion, it was concluded that in the development of real estate activity, first of all, it is necessary to study foreign experience in the field of real estate regulation.

Features of the legal regime of premises

The article examines the state of legal regulation in the field of real estate in relation to such immovable things as premises. The changes made to the legal regime of premises by Federal Law No. 430-FZ dated 21.12.2021 are analyzed. The author examines the general definition of premises introduced in the Civil Code of the Russian Federation by this Law, identifies the inherent shortcomings of this definition. The article shows that a room as a real estate object has a derivative (secondary) character in relation to the building or structure of which it is a part.Considering the legal regime of residential premises, the author analyzes its features, in particular its isolated nature. The article shows the features of certain types of residential premises. At the same time, the author notes the fallacy of including a residential building, which is a building, and not a room, in the composition of residential premises, and suggests a solution to this problem. The author also examines the contradictions in judicial practice on the issue of recognizing a part of a residential building as an independent real estate object. Special attention is paid by the author to the problem of apartments as non-residential premises adapted for living.

Pengaruh Current Ratio, Total Asset Turnover, Debt To Equity Ratio, Net Profit Margin Terhadap Roa Pada Perusahaan Property & Real Estate Yang Terdaftar Di BEI Tahun 2019 - 2021


 The study aims to determine the effect of Curent Ratio, Total Asset Turnover, Debt to Equity Ratio, Net Profit Margin on ROA in property and real estate companies listed on the IDX in 2019 - 2021. Quantitative descriptive research method, collecting data using research instruments and statistically analyzed in testing hypotheses. The population was 80 companies in the field of property and real estate, a sample of 20 companies with purposive sampling technique. The results of the study found that Current Ratio is partially significant to the company's Return on Assets with a tcount of Current Ratio 0.557, ttable 2.000 (tcount < ttable) and its significance is 0.580, which is> 0.05. Total Assets Turnover partially affects the company's Return on Assets with a tcount of Total Assets Turnover 2.909, ttable 2.000 (tcount> ttable) and its significance is 0.005, namely <0.05. Debt to Equity Ratio is not significant to the company's Return on Assets worth thitung Debt to Equity Ratio 1.131, ttabel 2.000 (titung < ttabel) significance 0.268 which is> 0.05 Net Profit Margin partially affects the company's Return on Assets worth thitung Net Profit Margin 10. 509, ttable 2,000 (tcount> ttable), the significance is 0.000 which is <0.05.Current Ratio, Total Asset Turnover, Debt to Equity Ratio and Net Profit Margin are significant to Return on Asset worth Fhitung> Ftabel (29,548> 2,536).
 Keywords: Current ratio, total asset turnover, debt to equity ratio, net profit margin ratio and return on assets.

서울시 집합상가 임차 점포주의 입점만족도 영향요인 연구

This study was conducted with the aim of finding important influencing factors for Entrance satisfaction of rental stores in Seoul's collective shopping mall, and the main research results are as follows. First, economic characteristics were derived as variables that had the greatest impact on store satisfaction. Second, facility characteristics ranked second in influence. Third, commercial district characteristics, location characteristics, and institutional characteristics, which are the external environment and conditions of collective shopping malls, were found to affect store satisfaction, but their influence was not significant. Finally, it was found that the characteristics of management and operation did not affect store satisfaction. This study can find the significance of the study in that it was conducted from the perspective of rental store owners in research related to collective shopping malls in the field of real estate.

The present and future of the digital transformation of real estate: A systematic review of smart real estate

The contribution of the real estate industry to the global and regional economy is remarkable, yet in today’s evolving digital technology and digital economy, the digital transformation of the real estate industry is lagging behind other industries. This is, on the one hand, due to the solidified processes and systems linked to the upstream and downstream real estate industries, and, on the other hand, due to the fact that digital technology disrupts traditional ways of doing business, making the industry full of uncertainty. The digital transformation of the real estate industry is a broad and emerging concept. Various related research fields are concerned with the penetration and application of different innovative technologies to the industry. This study provides a systematic review focusing on the field of smart real estate using the bibliometric analysis approach under the guidance of PRISMA. The bibliometric analyses were performed in RStudio by utilizing 22 scientific documents indexed in Scopus and Web of Science that were published from 2012 to 2022. The findings suggest that: (i) smart real estate research is still a new but rapidly emerging field; (ii) only limited academic institutions from a few countries, such as the University of New South Wales in Australia, have shown significant contributions; (iii) the research exhibits specific collaborative network characteristics, leading to a high concentration of authors and citations; and (iv) data-driven topics such as “machine learning,” “information management,” “data analytics” and “big data” indicate a high degree of research density and centrality.

Online listing data and their interaction with market dynamics: evidence from Singapore during COVID-19

With the emergence of Property Technology, online listing data have drawn increasing interest in the field of real estate–related big data research. Scraped from the online platforms for property search and marketing, these data reflect real-time information on housing supply and potential demand before actual transaction data are released. This paper analyzes the interactions between the keywords of online home listings and actual market dynamics. To do so, we link the listing data from the major online platform in Singapore with the universal transaction data of resale public housing. We consider the COVID-19 outbreak as a natural shock that brought a significant change to work modes and mobility and, in turn, consumer preference changes for home purchases. Using the Difference-in-Difference approach, we first find that housing units with a higher floor level and more rooms have experienced a significant increase in transaction prices while close proximity to public transportation and the central business district (CBD) led to a reduction in the price premium after COVID-19. Our text analysis results, using the natural language processing, suggest that the online listing keywords have consistently captured these trends and provide qualitative insights (e.g. view becoming increasingly popular) that could not be uncovered from the conventional database. Relevant keywords reveal trends earlier than transaction-based data, or at least in a timely manner. We demonstrate that big data analytics could effectively be applied to emerging social science research such as online listing research and provide useful information to forecast future market trends and household demand.