{"title":"Subjectivity of cap rates, discount rates, and debt yields","authors":"G. Goddard","doi":"10.4324/9781003083672-6","DOIUrl":"https://doi.org/10.4324/9781003083672-6","url":null,"abstract":"","PeriodicalId":37812,"journal":{"name":"Real Estate Management and Valuation","volume":"116 1","pages":""},"PeriodicalIF":0.8,"publicationDate":"2021-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78867482","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":"From Austrian value subjectivity to Shackle's Possibility Curve","authors":"G. Goddard","doi":"10.4324/9781003083672-1","DOIUrl":"https://doi.org/10.4324/9781003083672-1","url":null,"abstract":"","PeriodicalId":37812,"journal":{"name":"Real Estate Management and Valuation","volume":"457 ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2021-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72554839","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":"Subjectivity in hotel property valuation","authors":"G. Goddard","doi":"10.4324/9781003083672-7","DOIUrl":"https://doi.org/10.4324/9781003083672-7","url":null,"abstract":"","PeriodicalId":37812,"journal":{"name":"Real Estate Management and Valuation","volume":"106 1","pages":""},"PeriodicalIF":0.8,"publicationDate":"2021-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88116408","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 role of machine learning and artificial intelligence in real estate valuation","authors":"G. Goddard","doi":"10.4324/9781003083672-2","DOIUrl":"https://doi.org/10.4324/9781003083672-2","url":null,"abstract":"","PeriodicalId":37812,"journal":{"name":"Real Estate Management and Valuation","volume":"1 1","pages":""},"PeriodicalIF":0.8,"publicationDate":"2021-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76588019","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":"Overview and pitfalls of home valuation subjectivity","authors":"G. Goddard","doi":"10.4324/9781003083672-3","DOIUrl":"https://doi.org/10.4324/9781003083672-3","url":null,"abstract":"","PeriodicalId":37812,"journal":{"name":"Real Estate Management and Valuation","volume":"41 1","pages":""},"PeriodicalIF":0.8,"publicationDate":"2021-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85190240","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}
V. Gružauskas, D. Čalnerytė, Tautvydas Fyleris, Andrius Kriščiūnas
{"title":"Application of Multivariate Time Series Cluster Analysis to Regional Socioeconomic Indicators of Municipalities","authors":"V. Gružauskas, D. Čalnerytė, Tautvydas Fyleris, Andrius Kriščiūnas","doi":"10.2478/remav-2021-0020","DOIUrl":"https://doi.org/10.2478/remav-2021-0020","url":null,"abstract":"Abstract The socio-economic development of municipalities is defined by a set of indicators in a period of interest and can be analyzed as a multivariate time series. It is important to know which municipalities have similar socio-economic development trends when recommendations for policy makers are provided or datasets for real estate and insurance price evaluations are expanded. Usually, key indicators are derived from expert experience, however this publication implements a statistical approach to identify key trends. Unsupervised machine learning was performed by employing K-means clusterization and principal component analysis for a dataset of multivariate time series. After 100 runs, the result with minimal summing error was analyzed as the final clusterization. The dataset represented various socio-economic indicators in municipalities of Lithuania in the period from 2006 to 2018. The significant differences were noticed for the indicators of municipalities in the cluster which contained the 4 largest cities of Lithuania, and another one containing 3 districts of the 3 largest cities. A robust approach is proposed in this article, when identifying socio-economic differences between regions where real estate is allocated. For example, the evaluated distance matrix can be used for adjustment coefficients when applying the comparative method for real estate valuation.","PeriodicalId":37812,"journal":{"name":"Real Estate Management and Valuation","volume":"29 1","pages":"39 - 51"},"PeriodicalIF":0.8,"publicationDate":"2021-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42367322","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}
Javier Paniagua-Molina, Johanna Solórzano-Thompson, C. González-Blanco, David Barboza-Navarro
{"title":"Hedonic Price for Amenities in Rural and Urban Residential Condominiums in Costa Rica","authors":"Javier Paniagua-Molina, Johanna Solórzano-Thompson, C. González-Blanco, David Barboza-Navarro","doi":"10.2478/remav-2021-0021","DOIUrl":"https://doi.org/10.2478/remav-2021-0021","url":null,"abstract":"Abstract As the number of homes located in condominiums increases, investigations should be promoted to determine the implied price of additional amenities over the total price of the property. This study evaluated the impact of multi-attribute and construction variables on the value of condominiums in Costa Rica, using a hedonic pricing model of the amenities that influence the total price. Information from condominiums located in all provinces of the country was used to determine the importance of the variables studied. Through multiple regression analysis, it was determined that nine amenities explain the behavior of the total price. This study shows that the project’s internal and external variables have a significant effect on sales prices and consumers’ purchasing decisions. The most significant variables were income, construction area, access to a pool and gym, and the type of condominium.","PeriodicalId":37812,"journal":{"name":"Real Estate Management and Valuation","volume":"29 1","pages":"52 - 64"},"PeriodicalIF":0.8,"publicationDate":"2021-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48690511","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}