26th Annual European Real Estate Society Conference最新文献

{"title":"The Energy Efficiency Conversation in the Australian Volume Home Building sector: Current practices and opportunities for change","authors":"Erika Bartak, G. Warren-Myers, C. Heywood","doi":"10.15396/eres2019_273","DOIUrl":"https://doi.org/10.15396/eres2019_273","url":null,"abstract":"Housing with high operational energy efficiency has the potential to positively contribute towards the global environmental challenge of climate change. These types of homes contribute to climate change mitigation through reduced operational energy demand and associated greenhouse gas emissions. In addition, such homes can improve household resilience in a changing climate, by providing social and financial benefits such as improved comfort, health and wellbeing, and reduced cost of living. Although these potential benefits are well known, the adoption of higher standards of energy efficiency in new Australian housing is not widespread. This is in part a result of limited mandatory requirements (compared to the benchmarks of other developed economies), and limitations to demand creation by consumers – two contributing features of an on-going ‘blame game’ between consumer, government and industry stakeholders. This study focuses on the dominant providers of new housing in Australia, the volume home builders. These organisations occupy an influential position in the system of new housing supply, informing and directing the choices of inexperienced homebuyers, and providing work opportunities to a large construction supply chain. But recent studies reveal that sustainability measures such as energy efficiency are not well promoted or prioritised by the sector. This paper presents preliminary findings from the study, exploring the current energy efficiency ‘conversation’ within the Australian volume home building sector. A content analysis of selected organisational websites is used to establish an evidence base of the current conversation between volume home builders and their potential homebuyers. These results then inform the design of semi-structured interviews with a range of volume home building organisations and staff. Interviews explore relevant organisational practices, and identify opportunities for a more productive energy efficiency conversation, as a means of mainstreaming higher energy efficiency performance in new housing.","PeriodicalId":152375,"journal":{"name":"26th Annual European Real Estate Society Conference","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123537483","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Socio-economic Impact Assessment of Land Consolidation Projects in Turkey: A Case Study of Beyazaltın Village Land Consolidation Project in Eskişehir Province, Turkey","authors":"H. Tanrıvermiş, Yeşim Aliefendioğlu","doi":"10.15396/eres2019_357","DOIUrl":"https://doi.org/10.15396/eres2019_357","url":null,"abstract":"Emphasis is placed on developing and implementing projects for the efficient use of land resources in developing countries due to high population growth and high growth targets. Especially in developing countries like Turkey, the agricultural sector still has an important place in the economy of the country due to criteria such as agricultural production, employment and foreign trade. The average enterprise land of agricultural operations, which are 3.1 million units in total, is around 6 hectares, and 64% of households are known to have holding lands assets that are smaller than 5 hectares. It has been determined that a total of 32.5 million parcels are in the form of agricultural land and that the agricultural land processed per household is composed of 11 parcels, 2 million hectares of land is out of production due to excessive fragmentation and agricultural land have more than 40 million shareholders. Due to the improper shape and forms of parcels increase machine power and labor utilization, as well as the cost of input, and consequently, the objective of efficient and productive use of land resources cannot be achieved. Land consolidation practices consist of addressing collectively he implementation are of the consolidation project, along with the reorganization of parcels based on road and irrigation networks, infrastructure services such as motorways, railways, airports, conservation areas, ecological corridors, transportation to pastures, arrangement of village settlements, irrigation water, drinking water and sewerage. The consolidation projects have positive economic contributions based on a comparison of the present value of the economic gains each year and one time economic gains to be achieved by such projects to the total costs of projects. However, significant developments have been achieved in multi-purpose land consolidation studies in Turkey as well as in developed countries. With multi-purpose land consolidation, it is possible to solve many ownership (shareholding), cadastre, environmental, and social quality at the local level. In this study, firstly the development and macro-effects of land consolidation activities were evaluated and economic, environmental and social effects of projects were evaluated within the framework of the Eskiehir Province, Beyazaltn Village Land Consolidation Project in the second phase and an economic benefit to cost analysis of the projects was made. The current use situation of the land and water resources and the post-project changes in the project area have been examined and the importance of water saving in irrigation areas due to the fact that highest water losses occur during irrigation, the importance of water saving in irrigation areas and the impacts of land consolidation on effective use of irrigation water and water saving and other benefits have been evaluated. The topics of participation of owners and other stakeholders in the planning stages of the projects; development of local me","PeriodicalId":152375,"journal":{"name":"26th Annual European Real Estate Society Conference","volume":"121 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124790291","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Effect of Relationship Quality on Well-Being and Performance. A study of Real-Estate Broker in Sweden","authors":"Martin Ahlenius","doi":"10.15396/eres2019_183","DOIUrl":"https://doi.org/10.15396/eres2019_183","url":null,"abstract":"Problem: Within marketing, there is a consensus that increased customer satisfaction and loyalty is thought to be closely connected to present and future revenues. In service organizations, customer satisfaction is highly dependent on the service employee’s ability and motivation to execute the service in line with the customers’ needs and expectation. Most customers prefer a service relationship in contrast to a service encounter. So customer satisfaction is more likely to increase if the customer perceives that there is a relationship with the service provider. This might be as to why a lot of previous research, regardless marketing- or management perspective has focused on the customers’ perception of the relationship. To do that makes sense, after all it is the customer that uses and recommends the service and the provider, which of course Is connected to present and future revenues for both company and service provider. However, what about the relational perspective and benefits/motivation for the service provider, does the service provider prefers a service encounter or service relationship? Human relations has a major impact on subjective well-being, and subjective well-being impacts individual performance beyond job satisfaction. So is it possible that the relationship quality within customer relations, affects not only performance thru customer satisfaction, but also increases performance thru subjective well-being? Understanding what causes and influences performance within sales appears to be an everlasting puzzle among both practicians and marketing researchers. Previous marketing research with a relational perspective has done a comprehensive survey on influences- and effects of customer relations within the service domain. The major part of these studies is conducted in a B2B context where the relation and interaction between humans are seen and evaluated from a psychological perspective. The psychological relational perspective is not as common in studies in B2C studies within the service domain, aside frontline employee studies. There is a demand for studies among professional service providers, in respect to both performance, subjective well-being and relationship quality. Echoing that proposition, this study is conducted among Swedish Real-Estate Brokers (REB). This is due to REB:s long-lasting and intense customer relations. There is a strong incitement of trust due to the possibility that REB:s customers are both highly financially- and emotionally connected to their homes. Swedish REB are obligated to perform the entire real estate transaction, which makes them even more interesting as a study object, due to the increased amount of trust and time needed/spent with each customer. Purpose: The purpose of this study is twofold: 1) to exam if preferred relationship (service- encounter/relationship) with customers differ between REB:s and, 2) exam if relationship quality from REB:s perspective affects individual performance and su","PeriodicalId":152375,"journal":{"name":"26th Annual European Real Estate Society Conference","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125119253","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"A Study on the Determinants of Residential Rental and the Minority Tenants in Taipei’s Metropolitan Area","authors":"Y. Chiang, Manuela Rebaudengo, Andreas Mense","doi":"10.15396/eres2019_150","DOIUrl":"https://doi.org/10.15396/eres2019_150","url":null,"abstract":"The skyrocketing price has led housing to be unaffordable that young citizens are compelled to choose to rent over purchasing houses. The concentration of job opportunities in cities further enhances the demands for rental housing that in turns drives the rental level upwards. The elevated rent incentivizes young citizens to live in illegal rooftop extensions or partitioned small units in an inferior and hazardous environment. The problems of unaffordable housing have attracted attention from media and the government. In response, the government has augmented the supply of social housing and enacted Rental Housing Market Development and Regulation Act. However, there is a controversy over social housing being rent too high and furniture equipped inside unfit.Previous studies have examined the housing rent or residential rental markets. In comparison with the home sales market, however, the rental sector warrants more attention. Based on the state-maintained registration of real estate transactions and rental, and other rental housing listings websites operated by the private sector, this study intends to address three questions: determinants of Taipei's metropolitan housing rental, the spatial distribution of minority tenants and affordability of rental housing. As a whole, this study aims to clarify the housing demands of various tenant groups and problems associated with their living environment. The research findings are hoped to improve the housing policies and alleviate the housing difficulties encountered by the minority groups in the housing sectors.","PeriodicalId":152375,"journal":{"name":"26th Annual European Real Estate Society Conference","volume":"4 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126157797","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Impact of Actual Retail Trends on the Technical and Logistic Parameters of Commercial Real Estate","authors":"Olga Šlechtová Sojková, Jarmila Ircingová, P. Janeček, David Martinčík, Jan Paek, Miroslav Plevný, Jan Tlučhoř","doi":"10.15396/eres2019_346","DOIUrl":"https://doi.org/10.15396/eres2019_346","url":null,"abstract":"Current trends in consumer behavior, as well as retail development, can significantly affect the management of commercial real estate. One of the main trends currently affecting the commercial real estate market is the gradual increase of e-commerce, both in the Czech Republic and abroad. The preferences of final consumers have a direct link to retail stores which create the majority of tenants of commercial real estate. However, there are trends in retail stores that are related to consumer behavior. The construction and operation of commercial properties can have a significant impact on logistics solutions, often based on actual retail trends and consumer preferences of different distribution channels. These requirements may be different for a brick and mortar store and an e-commerce store. Different types of stores (brick and mortar store, online shop, their combination) require a different arrangement of layouts and demands for technical solution of the buildings. This contribution analysis the dependence of basic technical parameters of a commercial property on the type of retail arrangement (a brick and mortar store versus an e-commerce store). Among other things, the technical effects on parking areas and driveways are mentioned. This contribution is based on the outputs from the contract research project focused on e-commerce impact on the development and economy of commercial real estate, which was conducted for the InterCora Company.","PeriodicalId":152375,"journal":{"name":"26th Annual European Real Estate Society Conference","volume":"103 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124175709","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Co-working spaces impact on CBD office spaces","authors":"Abukar Warsame, Sviatlana Engerstam, Evita Berkouwer","doi":"10.15396/eres2019_221","DOIUrl":"https://doi.org/10.15396/eres2019_221","url":null,"abstract":"The level of rents and property values play a major role in defining different types of urban structures. A central business district (CBD) is often associated with high rents and high property values and subsequently tall buildings are constructed in order to offset high land prices. The expansion of co-working space market seems to have impact on the traditional office markets that were mostly located in CBDs. An increase of co-working spaces and their locations might lead to less concentration of traditional office spaces in central locations and thus transformation of urban structures is expected. Most of the studies in the co-working spaces focus on productivity of users and flexibility of the shared working space but not on the long term consequence of dynamic impact of co-working spaces on the existing urban structure. The aim of this paper is to explore the transformation of urban structures triggered by the spread of co-working space in the Stockholm region. This study is mainly descriptive based on the data of recent development of co-working spaces and their locations. We will also complement our analysis with a case study and interviews of major actors in the office markets. We expect the rents and property values of existing locations will be affected by the concentration of co-working spaces in new urban areas. Subsequently, more segmented office markets with lower density can be expected to emerge in the long run.","PeriodicalId":152375,"journal":{"name":"26th Annual European Real Estate Society Conference","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127111088","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Promoting cooperation between property developers and municipalities - Analysis of communication needs","authors":"Ann-Christin Sreball","doi":"10.15396/eres2019_194","DOIUrl":"https://doi.org/10.15396/eres2019_194","url":null,"abstract":"Real estate is closely linked to urban development since space is a major factor of urban competitiveness; while a successful property development is dependent on suitable patterns of legal rights, which are specified by municipalities (e.g. D´Arcy & Keogh 1999, Renigier-Bilozor et al. 2016). According to this interdependence, property developers and municipalities have a mutual interest in functioning urban structures. However, divergent perspectives and interests seemingly impede a collaborative partnership between both stakeholder groups. Consequences of this contradiction are, for example, considerable delays and cost overruns of construction projects, while causes continue to be a lack of communication and unwillingness to cooperate (Bone-Winkel & Gerstner 2005; Meyer and Pfnur 2015). In this respect, the paper focusses on communication needs, which will be discussed on the basis of three workshops held in 4th quarter 2018. To make sure that the participants would not feel offended by the presence of the opposite party, there were two separate workshops with municipal representatives as well as property developers to analyse self-conceptions, expectations as well as working-methods. The third workshop served as a synthesis of the previous ones and was attended by participants from both stakeholder groups.It is found out, that both stakeholder groups are ambitious to act as partners, still trust is strongly personalised. Nevertheless, to increase mutual trust, joint dialogue and working platforms are demanded by both parties during the whole project development. It is recommended to focus on the topic, instead of personal roles. Property developers in particular should not approach municipalities with ready-made concepts, but should develop location- and project-related ideas together with the municipal administration.The conference contribution will highlight the findings of the workshops in detail. Drawn conclusions and recommended actions will be put up for discussion. Furthermore, the findings of the workshops are going to serve as a base for further expert interviews.","PeriodicalId":152375,"journal":{"name":"26th Annual European Real Estate Society Conference","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129892951","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The valuation of Co-Working Spaces An integrated academic and practical view","authors":"Florian Hackelberg, M. Kirsten","doi":"10.15396/eres2019_64","DOIUrl":"https://doi.org/10.15396/eres2019_64","url":null,"abstract":"Background: In times of digitization and globalization, the use of flexible workplaces is becoming more and more established on the international and German real estate market. Although this form of collaborative work between different companies and individuals started in the 1990s, it has only recently emerged as a fast developing hype within the real estate industry. Neither provider, nor Investors have long-term experience in running and holding Flexible Workplaces. Accordingly, the real estate valuation as well is facing challenges to determine a suitable market value for a property with this type of use. The flexible and time-limited rental of desks or offices as well as the cooperation with third parties through the provision of service offer no historical series of numbers for economical margins and utilization. Accordingly, there is currently very limited market information available for a meaningful valuation. Moreover many valuers in the market still lack of sufficient experiences of how to approach this new phenomena which starts to be a significant factor within the office market. Area of research and questions to be addressed: When it comes the valuation of Co-Working Spaces, the following questions are currently among the key issues raised by real estate academics and practitioners alike and should be addressed in the meeting: What kind of co working space models are applied in the market. Are there clear definition and area-ratios of flexible workplaces? How are they structured and what kind of challenges does this pose to the valuation? Positive and negative location and property qualities? How are they different to existing operated properties eg Hotels What are the key performance indicators such as construction costs, utilization, lease agreements, rent. How can this be reflected in the valuation. What valuation models are to be applied? Multipliers and yields at flexible-office-buildings? Requirements on flexible-office-buildings from investor’s and bank’s point of view? Will fexible-office-buildings develop to an own asset class? Prof. Dr. Florian Hackelberg MRICS, Professor for Real Estate Valuation at the HAWK University of Applied Sciences and Arts in Germany, will introduce the outlined topic from an academic perspective, while M.Sc. Dipl.-Ing. (FH) Matthias Kirsten MRICS, valuation expert of Value AG the valuation group will share his view on the latest trends and developments in the market.","PeriodicalId":152375,"journal":{"name":"26th Annual European Real Estate Society Conference","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126272052","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Can a machine understand real estate pricing? – Evaluating machine learning approaches with big data","authors":"Marcelo Cajias, Björn-Martin Kurzrock, Jessica Ruscheinsky","doi":"10.15396/eres2019_232","DOIUrl":"https://doi.org/10.15396/eres2019_232","url":null,"abstract":"In the era of internet and digitalization real estate prices of dwellings are predominantly collected live by multiple listing services and merged with supporting data such as spatio-temporal geo-information. Despite the computational requirements for analyzing such large datasets, the methods for analyzing big data have evolved substantially and go much far beyond the traditional regression. In this context, the usage of machine learning technologies for analyzing prices in the real estate industry is not commonplace. This paper applies machine learnings algorithms on a data set of more than 3 Mio. observations in the German residential market to explore the predicting accuracy of methods such as the random forests regressions, XGboost and the stacked regression among others. The results show a significant reduction in the forecasting variance and confirm that artificial intelligence understands real estate prices much deeper.","PeriodicalId":152375,"journal":{"name":"26th Annual European Real Estate Society Conference","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121319258","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Chronological study of municipal governance on sustainable development of office market in Manchester through urban regeneration","authors":"Chien-Ling Lo, Pascal Beckers","doi":"10.15396/eres2019_285","DOIUrl":"https://doi.org/10.15396/eres2019_285","url":null,"abstract":"This paper intends to expand the important debate on the state-market relations highlighting the role of municipal governance in urban regeneration that shapes and stimulates the sustainable development of office market in Manchester through regeneration strategies since the 1960s. This research focuses on the government leadership of key Council leaders’ decision-making process that extends the focus from local planning authorities as market actors (Huerkens, 2015; Adams, 2010) to the political leaders. This research aims to fill the gap of lacking sufficient discussions on the role of municipal leadership in moulding property market through regeneration policy. Also the construction of new regeneration office index sheds light on the market impact of planning policies in sustainable development. Three research methods were employed in this research: firstly, critical assessing the secondary documents such as government planning reports; secondly, conducting semi-structured interviews with key stakeholders; thirdly, a regeneration office database was used to cross-examine the market impact of regeneration policies on its performance over time. The primary findings are (1) The key political leaders and the chief executive had a significant influence and power over the direction of regeneration strategies since there is a close link between a strong leadership and a clear vision. (2) There is a positive connection between a strong leadership and effective policy implementation, which results in planning permissions being granted more speedily for proposed developments. (3) Consequently, it increases the level of certainty and market confidence among developer and investors, which affects the market performance. This research indicates there is positive connectivity between the local planning policies and property market behaviour adding rich insights to the debate on state-market relations in urban regeneration. It also demonstrates that the analysis of leadership in local government helps explain the complex relationships between policy formulation, policy implementation and policy outcomes.","PeriodicalId":152375,"journal":{"name":"26th Annual European Real Estate Society Conference","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122446716","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}