Journal of Real Estate Literature最新文献

{"title":"The Use of Heuristics within the Valuation Profession in Kenya","authors":"I. Cheloti, M. Mooya","doi":"10.1080/09277544.2024.2358550","DOIUrl":"https://doi.org/10.1080/09277544.2024.2358550","url":null,"abstract":"","PeriodicalId":35888,"journal":{"name":"Journal of Real Estate Literature","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141375989","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":"Do People Value Environmental Goods? Evidence From the Dutch Housing Market","authors":"Koen van Ruijven, Joep Tijm","doi":"10.1080/09277544.2024.2322781","DOIUrl":"https://doi.org/10.1080/09277544.2024.2322781","url":null,"abstract":"This article studies the relationship between environmental goods and housing prices in the Netherlands. Applying a hedonic pricing model, we estimate simultaneous correlations between housing pric...","PeriodicalId":35888,"journal":{"name":"Journal of Real Estate Literature","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140591883","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":"Bayesian Modelling of a Standard House Configuration Model to Analyze Housing Feature Impacts in Newly Developed Suburbs without Historical Sales","authors":"Christina Yin-Chieh Lin, Andrew Mason, Charles Ma, Andreas W. Kempa-Liehr","doi":"10.1080/09277544.2024.2309762","DOIUrl":"https://doi.org/10.1080/09277544.2024.2309762","url":null,"abstract":"There is a recent trend of entire new suburbs being designed and built to solve the housing crisis all around the world. The aim of this study is to anticipate the value of housing features in newl...","PeriodicalId":35888,"journal":{"name":"Journal of Real Estate Literature","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139769397","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":"Pandemic-Driven Evolution: The Reshaping of Coworking Spaces in the (Post) COVID-19 Era","authors":"Marko Orel, Ferhat Demir, Chiara Tagliaro, Andrej Rus","doi":"10.1080/09277544.2023.2298070","DOIUrl":"https://doi.org/10.1080/09277544.2023.2298070","url":null,"abstract":"In recent years, coworking spaces, tailored for location-independent professionals, have flourished. However, the COVID-19 pandemic dramatically altered their conventional operations, necessitating...","PeriodicalId":35888,"journal":{"name":"Journal of Real Estate Literature","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-01-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139423346","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 Real Estate Academic Leadership (REAL) Rankings for 2019–2023","authors":"Jesse Saginor","doi":"10.1080/09277544.2023.2292866","DOIUrl":"https://doi.org/10.1080/09277544.2023.2292866","url":null,"abstract":"This iteration of the rankings is the ninth release of the Real Estate Academic Leadership (REAL) rankings for authors and institutions. The top three real estate journals - The Journal of Real Est...","PeriodicalId":35888,"journal":{"name":"Journal of Real Estate Literature","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-01-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139410885","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":"Constructing House Price Indices in an Emerging Market: The Case of Kuwait","authors":"Abdullah Adel Alfalah, Eamonn D’Arcy, Simon Stevenson","doi":"10.1080/09277544.2023.2273050","DOIUrl":"https://doi.org/10.1080/09277544.2023.2273050","url":null,"abstract":"AbstractThe estimation of reliable house price indices can be problematic in the context of small and emerging markets, often due to data availability issues. This paper considers a number of alternative approaches to constructing house price indices in the context of Kuwait. Kuwait is an interesting case in that while it has considerable wealth due to its oil reserves, it still shares many of the characteristics of an emerging economy, and in turn faces many of the same challenges with respect to housing data. The lack of individual property level data means that hedonic or repeat sales index construction methods are not viable, the paper therefore has to rely upon weighting and stratification methods. The alternative index estimations are compared by considering their accuracy in out-of-sample forecasts. The results highlight that despite the data limitations in place, largely consistent and accurate measures can still be produced.Keywords: Emerging MarketsHouse Price IndicesHousing DataKuwait Disclosure StatementNo potential conflict of interest was reported by the author(s).","PeriodicalId":35888,"journal":{"name":"Journal of Real Estate Literature","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136282559","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":"Globalization and Skyscrapers: The Role of Architects in Latin America and Southeast Asia","authors":"Nestor Garza, Sofia Dermisi, Leopoldo Gomez-Ramirez","doi":"10.1080/09277544.2023.2250126","DOIUrl":"https://doi.org/10.1080/09277544.2023.2250126","url":null,"abstract":"AbstractThis paper performs a theoretical-empirical analysis of the effect of globalization on buildings’ height in Latin America and Southeast Asia. We develop a principal-agent model where global architecture firms use extra height as advertising in the tallest building per city, adding it to what determined by cities’ fundamentals of economic and geographic size. The model develops two ideas: (1) global architects have prestige advantages that allow them to add extra height, an advertising feature of their technical expertise and specialist competence, and (2) international architects of the Global South have additional reasons to use extra height compared to their Global North peers. The model is tested using a 2000–2018 panel database comprising 55 cities (from 25 countries). We find that in addition to economic and geography fundamentals, globalization and the location of architecture firms are strong determinants of buildings’ height, as predicted in our theoretical model of height as advertising.HIGHLIGHTSWe develop a behavioral high-rise construction model for Global South cities.The model is tested using panel data on 55 cities from 25 countries.Buildings’ height is determined by city fundamentals and globalization.Regression results prove the effect of architects on extra height.Keywords: Global citieshigh-rise constructionLatin AmericaSoutheast Asiaprincipal-agent model Disclosure statementNo potential conflict of interest was reported by the author(s).Notes1 Land availability refers to the total extension of the urbanized area for two reasons: (1) In theory, all the urban land is in the market at every point in time, not just fringe or vacant land. Furthermore, (2) highrise buildings are usually redevelopment projects in already consolidated central or pericentral locations.2 The figures correct the endogeneity between the variables: The larger urban economies are, by definition, the geographically larger metropolitan areas.3 Fuerst et al. (Citation2009) perform a similar exercise with USA data but emphasize differences in price, not in height. Nase et al. (Citation2019), emphasize the demand side (hedonic) contributions to building height in Amsterdam.4 A more general discussion of principal-agent models is offered in Sappington (Citation1991).5 Sappington (Citation1991, p. 45) highlights the essence of the principal-agent problem: “If you [the principal] want something done right, do it yourself.” However, in our complex economy, principals cannot do everything by themselves and, thus, need agents.6 For example, we could have revenues linearly positively related to extra height E, like the RD+βE with 0<β (instead of β=0, as in EquationEquation 2(2) ΠD=RD−(w+γ(HA−HD))(2) ). It can be verified that, by doing so, the predicted 0<E* would not change.7 This is a fairly reasonable range of potential γ values. For instance, Barr (Citation2010) estimated the range of the cost parameter for skyscraper construction in New York to be between ","PeriodicalId":35888,"journal":{"name":"Journal of Real Estate Literature","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134887060","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 Proposal for a Residential Housing Price Index in Cyprus Through Analysis of Transaction-Based Data and Comparison With Existing Indices","authors":"Stelios Apostolidis, T. Dimopoulos, M. Katafygiotou","doi":"10.1080/09277544.2023.2236175","DOIUrl":"https://doi.org/10.1080/09277544.2023.2236175","url":null,"abstract":"","PeriodicalId":35888,"journal":{"name":"Journal of Real Estate Literature","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90391638","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 Evolution of Hedonic Pricing Models","authors":"M. Khoshnoud, G. Sirmans, E. Zietz","doi":"10.1080/09277544.2023.2201020","DOIUrl":"https://doi.org/10.1080/09277544.2023.2201020","url":null,"abstract":"","PeriodicalId":35888,"journal":{"name":"Journal of Real Estate Literature","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73514329","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":"Research and Citation Trends in Sustainable Real Estate","authors":"Robert A. Simons, Aly H. Karam, Yan Xiao, Amelia S. Caldwell","doi":"10.1080/09277544.2023.2186725","DOIUrl":"https://doi.org/10.1080/09277544.2023.2186725","url":null,"abstract":"","PeriodicalId":35888,"journal":{"name":"Journal of Real Estate Literature","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84620691","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}