House Sales Research Articles

Monks, Monasteries, and Muslim Scribes: Three Parchment House Sales from the 4th/10th-Century Fayyūm

Abstract This article presents editions of three Arabic parchment deeds of sale from the 4th/10th-century Fayyūm Oasis belonging to two monks, Babā Banīla and Babā Buṭrus, of the Dayr al-Qalamūn monastery. The transactions recorded in our documents are mundane in and of themselves. But put together they offer bits of insight into Christian society in rural medieval Egypt, the notarial practice of provincial Muslim scribes, the relationship between monastic and Islamic legal institutions, and the important but little-attested Dayr al-Qalamūn.

The price of access to jobs: Bid-function envelopes for commuting costs✰

The relationship between commuting costs and housing prices is a key determinant of urban residential structure. This paper provides the first estimates of both housing/commuting bid functions of heterogeneous households and the associated bid-function envelope. This approach clarifies the distinction between movement along a household's bid function and a change in the slope of the envelope caused by household sorting. It also leads to tests of the hypotheses that households sort according to the slopes of their bid functions and that higher-income households tend to live farther from worksites. Estimates based on house sales in the Cleveland area in 2000 largely support these two hypotheses and indicate that the price of housing may be as much as one-third lower at a location that is 34 minutes from a worksite than it is at a location that requires a minimal commute, all else equal.

IMPLEMENTATION OF COOPERATION AGREEMENTS BETWEEN BUILDING OWNERS AND PARKING MANAGEMENT SERVICES IN BANDAR LAMPUNG

The type of research in this research is descriptive normative research, the approach used is, juridical normative and empirical approaches. The data used in this research comes from primary data and secondary data, and tertiary legal materials. Data collection data classification systematization of research data using qualitative descriptive data analysis. The results of research and discussion of the aspects of consumer protection in the housing sale agreement can be seen that the aspects of housing consumer protection consist of three stages, namely the pre-transaction stage, the transaction stage, the post-transaction stage. Consumers who have suffered losses rarely report their losses to the authorities and authorities. Nerimo culture in Indonesian society. Consumers' strenuous effort to defend their rights. Law enforcement officers who are not firm. Lack of community participation. Low legal awareness of producers and consumers

Connectivism as a Potential Factor to Advertise Housing Let or Sale. A Multiple Case Study Applied in Ecuadorian Cities

The use of technology plays an important role on many of the aspects cities face today. The objective of this research is to identify how connectivism is influencing the advertising of housing let or sale in the cities of Portoviejo, Quito, and Riobamba in Ecuador to then compare its scenarios. This investigation is a multiple case study. The method for data collection was a survey applied to 369 suppliers of housing for let or sale in the three cities. Text mining techniques were used for data analysis. Results showed that the majority of housing supplier ranged 25 to 40 years old use the internet, social networks, and platforms to advertise housing let or sale.

Media Accounts of the Impact of COVID-19 on the Nigerian Real Estate Market

The onset of the COVID-19 pandemic in Nigeria was documented by pervasive press coverage, with daily reporting on such issues as infection rates, government expenditures on efforts to combat the disease, and non-adherence to public health measures by local celebrities. More recently, the coverage has come to include the pandemic’s effects on the economy, notably in terms of industrial performance and the implications for the livelihoods of Nigerian citizens. This paper presents an analysis of media accounts of the impact of COVID-19 on the country’s real estate industry that sheds light on the issues of concern before the pandemic, lessons about the impact of COVID-19 on the industry captured in national newspaper stories, the integration of long-standing concerns into reports on the impact of the disease, and the short-term implications for the real estate market. Specifically, within the framework of a qualitative research design, a content analysis of the coverage in three online national newspapers was conducted over the period from First February to 30th May 2020, which was segmented into consecutive pre-COVID, pre-lockdown, and lockdown periods. The analysis was performed using Atlas ti.8 software. The results indicated that the impacts of COVID-19 on the Nigerian real estate market have included increases in void rates in the upper-income residential submarket, more defaults on loans, rents, and mortgages on commercial properties, and changes in the demand for traditional office space. It was also found that the coverage of issues related to both COVID-19 and general-interest issues remained fairly constant, except that reports about COVID-19 became more frequent during the lockdown period. The projections in the coverage regarding the immediate future of the real estate sector are varied. Practitioners expected much leaner housing sales, and there were predictions of an upward trend in the co-sharing of spaces and in mortgage defaults.

PERLINDUNGAN HUKUM BAGI KONSUMEN PADA JUAL BELI RUMAH DERET DENGAN SISTEM PRE PROJECT SELLING BERDASARKAN PPJB

The development of the property business sector, in particular the construction of a series of houses has created a new phenomenon regarding the sale and purchase of a series of houses and their land rights using the Pre Project Selling system based on the Purchase Binding Agreement (PPJB). PPJB is based on the principle of freedom of contract (Article 1338 of the Civil Code). Buying and selling houses that have not met the conditions will hamper the completion of transactions in the sale and purchase of these houses. The problem that often arises in the buying and selling of houses that are being built by development actors based on PPJB are aspects of consumers, where consumers are at a disadvantage. The problem in this study is "How is the legal protection for consumers in the sale and purchase of a row house with a pre-project selling system based on PPJB. This type of research is normative legal research. The legal material used is primary legal material and secondary legal material. The results of this study are consumers obtain internal and external legal protection. Article 42 of Law No. 1 of 2011 concerning Housing and Settlement Areas, confirms that the houses that are still in the development process can be marketed through PPJB if there is certainty regarding housing construction of at least 20% (twenty percent), Law No. 8 of 1999 concerning Consumer Protection and Minister of Public Works and Public Housing Regulation (Permen PUPR) Number 11 / PRT / M / 2019 concerning the Home PPJB System.Keywords: House Series, Buying and selling, PPJB

Bubbling Away: Forecasting Real Estate Prices, Rents, and Bubbles in a Transition Economy

Real housing prices have both surged and swooned in formerly socialist countries. We use 2000–2017 aggregate housing sales and rental price data from Kazakhstan to explore price movements during boom and stagnation eras, investigating the rent–price ratio’s (RPR) capacity to predict housing returns and rent growth for an emerging post-Soviet economy. RPR predicts returns better during periods of price increases than declines, and its importance in predicting the bubble component diminishes with time. Short-run RPR changes are consistent with rational bubble behavior during the period of secular upswing but different predictive variables matter during price increases and declines.

Housing Prices, Yields and Credit Conditions in Dublin since 1945

Housing is central to the broader economy, as highlighted by the Great Recession of 2007–2009, yet few reliable long-run series exist for sale and rental prices of housing. Using hedonic methods, frequency conversion techniques, and a detailed dataset of over one million sale and rental listings from newspapers and online, we construct new indices of sale and rental prices from 1945 for Dublin, Ireland as a whole and for six sub-markets within the city. Sale prices rose by an average of 8.4% per year between 1945 and 2018, compared to an increase in general consumer prices of 5%. Market rents are estimated to have increase by 6.3% per year, well above prior estimates (4.4%), a finding with implications for accurately measuring living costs and living standards in Ireland since World War II. There is some evidence of rents converging across markets within the city but sale prices have diverged over the same period. Adjusting for inflation, there have been four major housing market cycles since 1945, with peaks in the late 1940s, the early 1970s, the early 1980s and the mid-2000s. The presence of both sale and rental information allows the calculation of the ratio of sale to rental prices for housing, the housing price ratio, a fundamental barometer of housing market health. We identify three phases in the gross yield on Irish housing since 1945, with downward shifts in the yield in the early 1970s and mid-1990s. An error-correction econometric analysis confirms the predictions of economic theory, that credit conditions in the credit market and user cost drive changes in the yield over time.

Akibat Hukum terhadap Jual Beli Rumah Harta Bersama Pasca Perceraian

A marriage in Indonesia is a matter that is considered very, very sacred which in that period of course has various consequences. Along with this period, it is not uncommon for a social conflict to become a community disease when a quarrel occurs between the two, namely divorce which will eventually spread to other problems such as childcare issues, gono-gini assets and other assets that were obtained during the marriage. . The purpose of this research is to know the status of the sale and purchase of joint property houses after divorce and to know the legal consequences of buying and selling joint property after divorce against third parties. This study uses a normative method with a statutory approach, namely by reviewing laws, books and various opinions of scholars and experts. So that the results of this study reveal that the assets between the husband and wife have been regulated and stipulated in Article 119 of the Civil Code (KUH Perdata) which explains that starting from the validity of a marriage, it also applies the unanimity of assets as long as it is not There are other rules that state and regulate their assets which are tied to marriage, which were made before the marriage took place.

Is the Korean housing market following Gangnam style?

Gangnam is a prime district in Korea known for its expensive real estate market due to convenient transportation, shopping and business centers, and elite schools and academies in the area. This paper examines spillovers and network connectedness in the Korean regional markets using the spillover index of Diebold and Yilmaz (J Econom 182:119–134, 2014). We use the quantile regression approach to investigate the macroeconomic factors driving the total spillover effects under low, normal, and high spillovers. We find that the 1997–1998 Asian currency crisis intensified regional spillovers in the Korean housing market. Moreover, Gangnam is the largest transmitter of spillovers across the regional housing markets in Korea. Our visual network illustrates that Gangnam is a hub of connectedness, implying that it is the most influential shock transmitter among the regional housing markets. Our study has an implication for investors: macroeconomic factors affect spillovers across regional housing sales and rental markets under different degrees of spillover.

Model Hybrid for Sales Forecast for the Housing Market of São Paulo

AbstractThis research proposes a combined model of time series for forecasting housing sales in the city of São Paulo. We used data referring to the time series of sales of residential units provided by SECOVI-SP. The Exponential Softening, Box-Jenkins and Artificial Neural Networks models are individually modelled, later these are combined through five forecast combination techniques.The techniques used are Arithmetic Mean, Geometric Mean, Harmonic Mean, Linear Regression and Principal Component Analysis. The measures of accuracy to measure the results obtained and to select the best model are the RMSE, MAPE and UTheil of forecast. The results showed that Linear Regression with an independent variable, being a combination of the SARIMA model (2,0,0)(2,0,0)12 and MLP/RNA (12,10,1), provided a satisfactory performance, with an RMSE of 368.74, MAPE of 19.2% and UTheil of 0.315.The combination of time series models allowed a significant increase in forecast performance. Finally, the model was validated, using it to predict housing sales. The results show that the model has a good fit, thus demonstrating that using a housing sales forecasting model helps industry professionals minimize error and make sales and launch decisions.

Divergence of House Prices in the United States: 2000 to 2015

Housing is the largest component of most American households’ wealth. Divergence of house prices directly affects wealth inequality. Using 5.9 million repeat sales of single-family houses, we find strong evidence that pricier houses had higher price appreciation rates from 2000 to 2015. Across houses, when the log house price increased by one standard deviation, the price appreciation rate increased by 70 to 100 basis points per annum. The superior performance of pricier houses was more pronounced in periods when the housing market performed poorly. We also use a variety of specifications to document detailed temporal variation and non-linearity of the relationship between houses’ price appreciation and their prices.

Informal Property Rights as Relational and Functional: Unravelling the Relational Contract in China's Informal Housing Market

AbstractIn the face of state‐led land grabs, enterprising Chinese peasants have started a revolution in the ambiguous and insecure rural tenure system by developing an extralegal property system known as the small property right (SPR). Using the SPR, peasants are able to capitalize on their property through the sale of houses built on collectively owned land. Little is known, however, about the specific process behind the development of the SPR by the peasants, or how this extralegal property system functions in terms of securing the use and transfer of property without the backing of law. This article aims to clarify the situation through the lenses of the Endogenous Nature of Institutions and Relational Contract Theory, aiming to understand the socially constructed, endogenous and relational nature of the property rights that make SPR functional. Based on an ethnographic investigation of Beijing's largest SPR housing settlement, we show how enterprising peasants develop long‐term relational contracts with urban households for the provision of housing services, secured on the basis of the common interests and symbiosis of the two parties and a reputation system that serves to deter defaults. The discretionary treatment of SPR housing by local states serves as a further motivation for the village and the informal homeowners to preserve a stable property arrangement, with such a specific institutional setting being an exemplar of China's pragmatic state entrepreneurialism.

Impacts of green infrastructure on flood risk perceptions in Hong Kong

To better address climate unpredictability, green infrastructure is increasingly deployed alongside gray infrastructure as an alternative strategy for flood risk mitigation. Previous research has not clearly distinguished the flood-mitigation effects of green infrastructure at the local scale due to its complex range of functions including socioeconomic benefits, ecosystem services, and amenity value. Using data on 3768 housing sales from 2009 to 2019 in Hong Kong, we employ a difference-in-differences framework to examine the effect of green infrastructure on perceptions of flood risk mitigation, with housing prices as a proxy for risk perception. We find a positive effect of green infrastructure on the value of nearby housing. The effect does not exist in apartment units on higher floors, however. This vertical discrepancy further suggests that the observed pricing effects are due to green infrastructure’s capacity to reduce perceptions of flood risk. By contrast, properties near conventional gray infrastructure show no evidence of such effects. The results thus provide quantitative evidence that supports the ongoing shift toward green infrastructure as a form of climate change adaptation.

House prices in the Ottoman Empire: evidence from eighteenth‐century Edirne†

AbstractThis study uses a new dataset of 2,246 notarial deeds of house sales from one of the major cities of the Ottoman Empire, Edirne, covering the period from 1720 to 1814. It estimates real hedonic house prices and urban wealth inequality for the housing market. It shows that house size, proximity to the commercial centre, access to fresh water, and family ties were important determinants of relative house prices. These findings also apply to the different quartiles of the market, indicating limited market segmentation. It demonstrates that there was an increase in housing wealth inequality during the eighteenth century as house prices became more dispersed. The hedonic house price index provides evidence that inflation‐adjusted house prices declined substantially following the Russo‐Turkish war of 1768–74. The decline is mainly explained through demographic shocks induced by plague epidemics, natural disasters, and other population movements driven by wars, army mobilization, and political upheavals.

Walkability, Safety, and Housing Values in Shrinking Cities: Spatial Hedonic Study in Buffalo, Pittsburgh, and Detroit

The growing market demand for pedestrian and transit-oriented communities can be capitalized into higher housing values and can generate much-needed revenue for shrinking cities. Few studies, however, have examined sufficiently walkability and its economic outcomes, especially for shrinking cities. Using geographically weighted regression (GWR) models, this study examines the impact of neighborhood walkability, measured by Walk Score and an accessibility–walkability index constructed for shrinking cities on property values of single-family and duplex homes in three rust belt shrinking cities—Buffalo (New York), Pittsburgh, and Detroit. The results suggest that, controlling for spatial autocorrelation effects, GWR models perform more robustly than the traditional ordinary least-squares models. The findings showed that the impact of walkability on single and two-family housing sales in these three cities is significant. Our findings highlight the economic premium of safe and pedestrian-oriented communities in the housing market of shrinking cities and provide validated and empirical evidence for policy implications and approaches that help promote more walkable communities for the redevelopment of shrinking cities.

Investigating the Housing Market Bubbles and the Predictive Nature of Returns in Turkey

This paper investigates the housing market bubbles and the predictive nature of returns in Turkey by employing the Fully Modified OLS and the Dynamic OLS on time series data from January 2010-January 2019.The study provides new evidence on the long run boom in Turkish house prices. The drivers behind changes in house prises are discussed, ranging from accommodation services, construction and business tendency to changes in rent for housing. The results reveal a positive relationship between accommodation services and house prices at a significance level of 1%. Accordingly, a positive association exists amid construction and business tendency with house sales price. On a final note, average housing rents show a negative and insignificant response to changes in house sale prices in Turkey.

Immigration, new religious symbols, and the dynamics of neighborhoods

AbstractLast decades' non‐western immigration to Europe has resulted in culturally and religiously more diverse populations in many countries. One manifestation of this diversification is new features in the cityscape. Using a quasiexperimental approach, in which an unexpected political process that led way to the first public call to prayer from a mosque in Sweden is combined with rich, daily, information on housing sales and detailed monthly information on internal migration, this paper examines how one such new feature affects neighborhood dynamics. While our results indicate that the calls to prayer increased house prices closer to the mosque, we find no evidence of increased residential segregation between natives and immigrants.

사회경제적 지위에 따른 대구시 근린공원 질적 가치 형평성†

In terms of environmental justice, urban parks play a pivotal role in imperative amenities allowing for physical activity. The reasonable distribution of urban park services must be considered in terms of community demand and the context of the park. The purpose of this study is to analyze the inequity of qualitative park service according to the socioeconomic status(SES) in Daegu. The qualitative service was assessed for 82 neighborhood and walking-distance parks by utilizing the NGST(Neighborhood Green Space Tool). The inequity was analyzed by SES variables(ratio of basic living recipients, ratio of single-parent families, average housing sales, dilapidated dwelling ratio, and park area per capita). The features of the qualitative equity in Daegu is as follows. First, urban park planning in Daegu is in parallel with the development of residential areas rather than the local policy. The development pattern of parks stretching from center of the city to outskirts clearly dissociates the city based on socioeconomic status. The parks in the center are relatively old and poorly managed. Second, overall neighborhood parks lacked recreational facilities. The facilities are significantly influenced by the housing values around them. The lower the recreation facility score, the higher the floor gradient of the urban parks constraining physical activities. Third, the quantitative supply of parks has nothing to do with the quality of the urban parks. Green space distribution is highly dependent on natural park areas, so the park area per capita cannot be a standard for assessing qualitative equity.

An Analysis of the Importance of Housing Indicators for the Evaluation of the Housing Sale

연구의 목적은 아파트 분양시장의 분양성을 평가할 수 있는 지표들의 중요도를 분석하고, 분양시장의 공급자와 수요자, 이해관계자 등 에게 기초적인 정보를 제공하는 것이다. 분석결과, 상위요인에서 입지특성과 분양시장 지표의 중요도가 높게 나타났다. 하위요인에서는 지하철과의 거리, 교육환경, 주택매매가격 추이, 편의시설?문화시설, 주택구매능력지수 순으로 중요도가 높게 나타났다. 본 연구의 시사점 다음과 같다. 첫째, 공급자는 아파트 분양 시 입지적 특성에 가장 중점을 두고 사업지를 선택하여야 한다. 둘째, 아파트 공급계획 시 거시경제요인의 추이를 고려하여 주택 수급조정을 위해서 올바른 사업성 검토와 세밀한 분양계획을 수립해야 한다. 셋째, 주택정책의 변화나 거시경제 요인을 잘 반영하여 최적의 분양가를 책정하는 등 주택시장의 변화를 반영한 공급계획을 수립하여야 한다. 넷쩨, 브랜드 가치 보다는 입지적 특성이나 주택매매가격, 구매능력 등 분양시장의 변화를 판단할 수 있어야 한다.