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This book explores how econometric modelling can be used to provide valuable insight into international housing markets. Initially describing the role of econometrics modelling in real estate market research and how it has developed in recent years, the book goes on to compare and contrast the impact of various macroeconomic factors on developed and developing housing markets. Explaining the similarities and differences in the impact of financial crises on housing markets around the world, the author's econometric analysis of housing markets across the world provides a broad and nuanced perspective on the impact of both international financial markets and local macro economy on housing markets. With discussion of countries such as China, Germany, UK, US and South Africa, the lessons learned will be of interest to scholars of Real Estate economics around the world.
In recent years, growing attention has been focussed on real estate education. The objective of Real Estate Education Throughout The World: Past, Present and Future is to document the current status and perspectives of real estate education and the underlying research throughout the world. The intent is to inform students, academics and practitioners about the situation in the widest possible range of countries and to provide a foundation for the future of the real estate discipline. The structure of this monograph follows the organisation of the world-wide network of real estate societies. In Part 1, Stephen E. Roulac sets the framework for the other contributions. Part 2 contains 20 chapters that examine real estate education in Europe. Part 3 consists of two articles covering North America. Part 4 includes two chapters dealing with Latin America. In Part 5, 8 countries in Asia are examined. Part 6 contains two chapters covering the Pacific Rim. Finally, Part 7 focuses on Africa. This collection of papers is unique, in the sense that 50 authors have contributed to the monograph and 37 countries or regions in total are covered. The editor does not know of any comparable book.
Socio-political views on housing have been brought to the fore in recent years by global economic crises, a notable rise of international migration and intensified trans-regional movement phenomena. Adopting this viewpoint, From Conflict to Inclusion in Housing maps the current terrain of political thinking, ethical conversations and community activism that complements the current discourse on new opportunities to access housing. Its carefully selected case studies cover many geographical contexts, including the UK, the US, Brazil, Australia, Asia and Europe. Importantly, the volume presents the views of stakeholders that are typically left unaccounted for in the process of housing developme...
Change in Use of Land: A Practical Guide to Development in Hong Kong is a guide for professionals in real estate development in Hong Kong. This third edition provides an account of the concepts of the use and change in use of land, followed by an outline of the procedures for lease modifications and waivers, planning applications, reviews and appeals, and building applications and appeals. It also includes an overview of government enforcement against contravention of lease conditions, provisions of statutory town plans prepared under the Town Planning Ordinance, and provisions of the Buildings Ordinance. For practitioners and policy analysts, the detailed appendices in the book offer vital ...
Real Estate Valuation Theory is organized around five categories of intellectual contribution to the whole-appraiser decision making and valuation accuracy, application of nontraditional appraisal techniques such as regression and the minimum-variance grid method, appraising contaminated property, ad valorem tax assessment, and new perspectives on traditional appraisal methods. One common thread is that all of the papers are exceptionally well written and thought provoking.
This book conducts a detailed examination of the current form of the Hong Kong residential property regulatory system: the 2013 Residential Properties (Firsthand Sales) Ordinance (Cap 621). The author sheds light on how the new legislation promotes a number of values including information symmetry, consumer protection, the free market and business efficacy. It provides a detailed account of how the regulatory mechanism has evolved over the past three decades to catch unconsscionable sales tactics (such as selective information and/or misrepresentation of location, size, completion date and past transactions) and monitor sales practices in order to protect the interests of stakeholders in thi...
Since the start of the twenty-first century, urban communities have faced increasing challenges in housing affordability, with environmental issues causing additional concern. It is clear that changes to urban housing are needed to enhance the resilience of cities and improve the economic, social and physical well-being of residents. This book provides a comparative cross-national perspective on urban housing and sustainability in Europe, exploring the key barriers and drivers associated with sustainable urban development and community regeneration. Country-specific chapters allow for easy comparison, with each summarizing how sustainable housing operates in the country in question, before g...
Recent rapid housing market expansion in China is presenting new challenges for policy makers, planners, business people, and citizens. Now that housing in middle-income China is driven by consumer choices and is no longer dominated by state policy decisions, housing policy issues in Chinese cities are becoming increasingly similar to those encountered in other global housing markets. With soaring prices and imbalances in housing supply favoring high income groups and housing demand driven by rising inequality in household incomes, many middle and lower-income households face worsening choices in terms of the quality and location of their housing as well as greater financial difficulties, wh...
This book addresses information technologies recently applied in the field of construction safety. Combining case studies, literature reviews and interviews to study the issue, it presents cutting-edge applications of various information technologies (ITs) in construction in different parts of the world, together with a wealth of figures, tables and examples. Though primarily intended for researchers and experts in the field, the book will also benefit graduate students.
'The real estate economy of Hong Kong is one of the most dynamic and sophisticated in the world, and has contributed greatly to the spectacular development of this vibrant city. More importantly, at a time of rapid globalization of the world economy, it is possibly the best model of the behaviour of an advanced real estate industry operating in an open economy. Hong Kong is thereforeof interest to analysts and policymakers everywhere, not least because of Hong Kong's political reintegration with China in 1997. With this in mind, the authors have managed to capture the key economic features of the private residential real estate market in Hong Kong in this compact volume. They have identified and highlighted critical institutions that contribute to the success and economic factors which shape the dynamics of all sectors of the real estate industry in Hong Kong. This book is essential reading for market analysts, policymakers, students and international readers with an interest in comparative analysis of real estate markets and institutions.' Professor Anthony Walker, Centre for Real Estate and Urban Economics,The University of Hong Kong.