Abstract This study examines how hurricane‐induced destruction affects the prices of nearby undamaged commercial real estate properties, using Hurricane Sandy as a natural experiment. Using Real Capital Analytics transaction records spatially merged with Federal Emergency Management Agency building‐level damage data, we empirically employ a difference‐in‐differences and event study framework to identify price spillover effects across property types. Results show that negative spillover effects are only concentrated in the office sector, where undamaged properties located near severely Sandy‐damaged sites experienced price declines of 8%–15% that persisted for up to 4 years. These findings suggest the declines reflect a capitalization of heightened spatial contagion risk—a forward‐looking investor reassessment of interconnected physical and market vulnerabilities.
Abstract Using semantic analysis of newspaper content, we introduce a novel index that reflects the public perception of real estate uncertainty ( NewsREU ). The NewsREU is model‐free and offers straightforward interpretability. We benchmark the NewsREU against a model‐based real estate uncertainty ( REU ) measure and show that the NewsREU contains incremental information about the real estate sector beyond what the REU captures. Moreover, we utilize an advanced topic model, leveraging neural inference network and contextual embeddings, to effectively unveil the underlying themes in narratives surrounding real estate uncertainty. This approach allows for decomposition of the NewsREU into distinct Topic NewsREU components that may reflect different facets of uncertainty within the realm of real estate. We find that different types of real estate uncertainty may either positively or negatively forecast future housing outcomes. These results underscore the distinct contribution of our real estate uncertainty indices in advancing our understanding of the role of real estate uncertainty.
Abstract We examine the predictive power of national housing market-related behavioral variables, along with their connectedness at the state level, in forecasting US aggregate economic activity (such as the Chicago Fed National Activity Index (CFNAI) and real Gross Domestic Product (GDP) growth), as opposed to solely relying on state-level housing price return connectedness. Our results reveal that while standard linear regression models show statistically insignificant differences in forecast accuracy between the connectedness of housing price returns and behavioral variables, quantile regression models, which capture growth-at-risk, demonstrate significant forecasting improvements. Specifically, state-level connectedness of housing sentiment enhances forecast accuracy of the CFNAI at lower quantiles of economic activity, indicative of downturns, whereas connectedness of housing attention is more effective at upper quantiles, corresponding to upturns. The results for GDP growth suggest that, while both sentiment and attention contribute to forecasting performance at lower quantiles, only attention improves forecasting performance at upper quantiles. In terms of statistical significance, the results for GDP growth, however, are less conclusive than those for the CFNAI. Taken together, these findings underscore the importance of incorporating regional heterogeneity and behavioral aspects in economic forecasting.
Trembecka Anna, Kwartnik-Pruc Anita, Droj Gabriela
et al.
The objective of this research paper is to analyze the regulations introduced in 2023 aimed at converting the right of perpetual usufruct into the ownership title. The analysis covered the previous modes of conversion, its scope and income derived, on the example of a selected city as well as the spatial changes in the distribution of land released for perpetual usufruct. New solutions were presented that indicated the basic differences when compared to the previously applicable rules. As a result of the analyses, problems related to the practical application of the introduced regulations were identified, in particular those regarding the scope of real estate subject to the claim for acquisition of ownership rights by perpetual users. The research results identified the need to modify and specify the regulations in order to introduce unambiguous rules for qualifying real estate subject to the claim for acquisition of ownership rights.
This article explores the potential consequences of Donald Trump’s return to the presidency on the ongoing Russia-Ukraine war, with particular emphasis on the resulting geopolitical shifts and implications for global security. The analysis examines Trump’s stated positions, proposed peace plans, and their reception in both Kyiv and Moscow, shedding light on how his rhetoric and strategy may reshape the trajectory of the conflict. It further contextualizes his approach within broader transatlantic dynamics, including NATO’s cohesion, European defense initiatives, and the global response to a reoriented U.S. foreign policy. By highlighting Trump’s preference for transactional diplomacy, skepticism toward multilateralism, and emphasis on bilateral negotiations, the article considers how these tendencies may accelerate a reordering of the international system and challenge the existing liberal order. The discussion also assesses the potential ramifications for U.S. alliances and regional stability in Eastern Europe. The article concludes that while Trump’s promises of a swift peace may have rhetorical appeal, their implementation could intensify volatility and long-term insecurity in the region and beyond.
Business mathematics. Commercial arithmetic. Including tables, etc., Business records management
The research problem addressed concerns regarding the possibility of studying the true rentability of housing. Previous research most often simplifies this phenomenon to availability or affordability. This makes the results reveal only a part of reality that remains covered for the economic, cognitive process. The goal was therefore to create an indicator that would reveal the actual ability to rent housing. The proposed method does not reject the existing knowledge in this area. Based on defining rentability, it remains anchored in the aspect of availability and affordability. What is novel, however, is the approach to the study of housing tenancy capacity, which is to view the phenomenon. We can venture to say that the results of the study confirmed the thesis. The availability of housing and its affordability are not always factors in renting. The most important conclusion may be that the possibility of renting housing is the ability to carry out a rental transaction that will ensure habitation that coincides with human needs, anchored by supply availability and affordability, determined by a broad stream of institutional factors.
Damilare Samuel Oshokoya, Jeffery Itepu, Morakinyo Akintolu
In Africa's digital real estate market, traditional marketing no longer suffices. This study uses the Technology Acceptance Model to explore how Nigeria's Realvest can enhance customer acquisition and retention through better digital marketing. Based on data from 280 Nigerian proptech professionals, it identifies gaps in Realvest's use of data mining, audience targeting, and customer relationship management. The research surveys digital marketing tactics like SEO, email automation, content marketing, and customer journey mapping, comparing Realvest to leading African firms such as Kenya's Optiven, South Africa's Pam Golding, and Nigeria's Adron Homes. Findings reveal how digital tools can improve customer experience and brand loyalty, guiding Realvest to align marketing with evolving consumer behavior and technology.
Elvis Attakora-Amaniampong, Miller Williams Appau, Issaka Kanton Osumanu
Purpose – Previous students' housing studies have neglected the need to study all-inclusive student housing and quality of services delivery among students with disability. This study explores the expectations in students' housing among university students living with disabilities (SWDs) in Ghana. Design/methodology/approach – The study adopted a mixed-methods approach, involving 423 SWD selected from five public and three private universities across Ghana. Grounded on the Gap Model, the study employed exploratory factor analysis to extract factors of service quality delivery and universal building design for SWD living in off-campus students' housing. Findings – The study uncovered that, expectations of SWD regarding building design specifications hinges more on inbuilt universal design than external building environment designs. SWD are more interested in safety, health, managerial assurances and security. In all, five factors provided a huge gap in services quality delivered by off-campus students' housing. Practical implications – The Gap Model technique offers a framework that provides an insight for students' housing investors, managers, researchers and local authorities that provides an insight on the needs of SWD in student housing, thus making it possible to attain satisfactions amongst SWD. Originality/value – Unlike health-related studies that deals with expectations of all-inclusive buildings for persons with disability in hospitals, this study uniquely uncovered the expectations of services delivery and building design support to SWD in the Ghanaian context.
Economic development (EcD) introduces new goods and services into a region's portfolio of traded products or expands the productive capabilities of existing members of a region's economic base. And EcD organizations are intermediaries that reduce risk and transaction costs by honestly representing their community and region to potential business investors. There are five closely related yet separate development practices. Four (community, workforce, housing, and commercial and industrial real estate development) create long-term regional EcD assets. While those assets are required for EcD to occur, they are insufficient to generate EcD outputs. Investments resulting in the production of goods and services are also necessary. EcD is a regional activity because the markets for three of the development practices are regional: labor, housing, and commercial and industrial real estate. Finally, EcD is both an art and a science. The art of EcD is connecting the dots that others cannot see. The science is getting deals done. Together they create investment momentum that builds optimism, generates trust, and mitigates risk.
Low profit margins have become a significant barrier to investment in and the operation of electric vehicle-charging infrastructure, leading to an urgent need for new business models. Notwithstanding, nonmandatory policies and unclear responsibilities create a social dilemma in which it is difficult to promote charging facilities in urban residential areas. This study examines the feasibility of overcoming this dilemma by examining possible incentive mechanisms involving government, charging infrastructure operators, real estate agencies, and electric vehicle users. Leveraging evolutionary game theory, this study designs a theoretical model based on strategic interactions among different agents in promoting charging facilities in urban residential areas. Our results indicate that (1) the optimal scenario in one in which all participants work closely together to popularize charging facilities, and this scenario has theoretical possibilities in the real world; (2) government subsidies are necessary but not sufficient for promoting charging facilities in urban residential areas; (3) electric vehicle user participation in promotion is critical; and (4) the operation model in this study is more economically efficient than prevalent industrial operation models, and the role of real estate agencies cannot be ignored.
This paper studies how access to financial services among a previously unbanked group affects human capital, labor market, and wealth outcomes. We use novel data from the Freedman’s Savings Bank—created following the American Civil War to serve free Blacks—employing an instrumental variables strategy exploiting the staggered rollout of bank branches. Families with accounts are more likely to have children in school, be literate, work, and have higher occupational income, business ownership, and real estate wealth. Placebo effects are not present using planned but unbuilt branches, or for Whites, suggesting significant positive effects of financial inclusion.
Purpose The unimagined workplace disturbance caused by the Coronavirus, also known as COVID-19, has made many organizations virtual or telework driven workplaces, often without the infrastructure and systems in place to support employees facing these sudden workplace changes (Burrell, 2020). Many stressors accompanied this transition, to include lack of childcare, home-school responsibilities and layoffs and business closings. These stressors have perpetuated concerns for the job and financial security for all workers (Fox, 2020), leading some employees to struggle with the work-life balance out of concern for being laid off due to perceived low productivity (Fox, 2020). This study aims to explore those manifestations. Design/methodology/approach This qualitative research case study explores the impact COVID-19 induced telework has on their job satisfaction, mental well-being and aspects of organizational commitment to fill a gap in the literature concerning emerging workplace dynamics due to COVID-19 for small real estate businesses in the USA. Findings The results of this qualitative research case study provide knowledge and information about the need for small businesses to be resourceful and resilient in the way that they support and engage remote workers. This qualitative research case study explores the impact COVID-19-induced telework has on their job satisfaction, mental well-being and aspects of organizational commitment for small real estate businesses. The analysis of current work-life structures through a qualitative lens provides trends among workers to gain a greater perspective of the current accelerators and barriers to worker success in a COVID-19 teleworking environment. Originality/value This qualitative research case study explores the impact COVID-19 induced telework has on their job satisfaction, mental well-being and aspects of organizational commitment to fill a gap in the literature concerning emerging workplace dynamics due to COVID-19 for small real estate businesses. The value of this research is that majority of the participants were African-Americans, which represents a participant group that is highly under researched.
remake urban and rural spaces via new transport infrastructure (e.g. port expansions, trainlines), real estate projects and the establishment of special economic zones. This project involves the transformation of a 35-acre area from a derelict, post-industrial site to a new financial district and tech hub supported by a major investment from Chinese developer ABP (Advanced Business Park). The project relates to a new train route from Yiwu to London and a number of transport upgrades, including a £500 million investment in London City Airport and Crossrail’ s new terminals. It forms part of a wider transformation of the historical Docklands to a new “boom town”. It totals 43 6,644m² office, residential, retail and leisure space. The ABP project reveals a bigger about The first
This paper demonstrates the infiltration of finance into increasingly niche real estate sectors, taking the example of the emergent Canadian purpose-built student accommodation (PBSA) sector since 2011. Drawing on a novel database of PBSA, qualitative document analysis, and key informant interviews, we uncover the business strategies and geographic patterns of investment in the sector. We then consider the local impacts of this phenomenon in Waterloo, Ontario, the country’s largest PBSA market, where finance-driven new-build studentification has contributed to higher housing costs and age segregation. This process of financialization has differed from other housing sectors as it depends on the creation of new student housing to provide an avenue for investment therein. At the same time, finance-driven new-build studentification functions as a spatial fix by directing investment to secondary cities. However, this process has been fragile, marked as much by failure as success, pointing to the limits of financialization.
The dynamism of changes in the external environment of residential real estate objects with the simultaneous limitation of urban areas are the main prerequisite for creating new construction projects that have a high level of investment attractiveness. Such combined factors open up and increase the importance of using such a tool as redevelopment. Residential formations (complexes, districts, blocks, individual objects) are an obvious result of the artificial organization of the territory urban environment available for development. The quality of the organization of an artificial (residential) environment is determined primarily by the level of technical and moral condition of capital construction objects of residential purposes: houses, buildings, complexes, districts (micro-districts). The considered structural objects of the urban environment are exposed in the course of their functioning (operation) to certain natural and climatic, technical and technological, and social and cultural influences that lead to a certain loss of the original (established) quality of construction products. This loss of quality is expressed in the partial or complete loss of the ability of a construction object (complex of objects) to provide a comfortable and safe life for groups of the population or individuals living in the territory under consideration. Many industrial enterprises, especially old ones, are therefore unable to withstand competition and the economic component of their existence, and are not able to provide an appropriate environmental environment. In this regard, the most rational and mutually beneficial solution is considered to be the transfer of such enterprises outside the city borders, or to specially designated industrial areas, with the subsequent redevelopment of the liberated territory for the needs of the city itself, housing construction, or social and cultural or business facilities. City municipalities are also interested in this process in order to revitalize large areas that are often empty or under-used. The economic component of this process for the city, with proper redevelopment will be tax increases that will be transferred to the city from the well-functioning of the new building complex, providing the population of the city and its district the most popular services. It is particularly necessary to highlight industrial urban areas that have historical significance and contain objects of high architectural value on their territories, which give special expressiveness to the appearance of cities. In addition to social, economic, and environmental issues, the issue of redevelopment of all these territories also has a certain historical significance, including from the point of view of preserving not only the architectural features, but also the special microclimate of each particular urban district. The paper presents the results of a study of the problem of improving the efficiency of the organization of works on the redevelopment of urban territories in the conditions of existing development.
Andrei Yur’evich Butyrin, Ekaterina Borisovna Stativa
The article provides an overview of the main changes in the legal regulation of public relations in the field of construction, real estate management, housing and utility services, as well as the legal cases on the cadastral value of the real estate considered in court from July 1, 2021 to December 1, 2021.
The co-authors draw attention to the most significant transformations of the legal regulation system, aimed at improving the behavior of the state and subjects of their industry. These innovations influence the legitimate interests of citizens, acting as construction co-investors. The co-authors also address the implementation of construction projects, the introduction of standard project documentation, mechanisms allowing developers to obtain compensations for the rise in the cost of building materials.
The issue of “business fragmentation” has been relevant in Russia for over ten years. Business striving to ensure competitiveness makes it necessary to look for mechanisms to reduce the tax burden, applying special tax regimes or preferential tax conditions for residents of territories with special economic status. In this paper, the authors analyze the theoretical prerequisites for substantiating the signs of “business fragmentation,” and study the scope of application of “business fragmentation” schemes within the framework of preferential tax conditions for territories with special economic status in the Far East. The basic research methods were content analysis, comparative analysis and synthesis. As a result of the content analysis of judicial practice, the criteria for business fragmentation, confirming the formal division of a business, were substantiated. The authors carried out a comparative analysis of resident companies and identified, based on open data, 159 residents of priority social and economic development areas (PSEDAs) and 625 residents of the Free Port of Vladivostok (FPV) with signs of “business fragmentation.” Those amounted to 28.49 % and 29.48 % in the total number of active residents, respectively. Vladivostok is the leader in terms of the number of residents with signs of “business fragmentation,” with 443 residents of the FPV. The most common signs of “business fragmentation” among resident companies in territories with a special economic status of the Far East are substantiated: common persons managing companies, common or identical type of activity, and common address of location. Common types of activity among resident companies with signs of “business fragmentation” within territories with special economic status of the Far East are warehousing and auxiliary transport (15 % of PSEDA; 12.3 % of the FPV); construction of buildings (16.5 % of the FPV); and operations with real estate (14 % of the FPV).