Acoustic climate of a given area ought to be a factor of considerable significance in investment processes in an urbanized area, especially in a residential real estate market, due to its extensive influence on the li...Acoustic climate of a given area ought to be a factor of considerable significance in investment processes in an urbanized area, especially in a residential real estate market, due to its extensive influence on the living standards of its inhabitants. In the following article, the authors have given an analysis of the residential market of housing units located in areas of acceptable and excessive noise levels in preselected regions of Poland. With this end in view, an entirely new source of information has been used in the research--an acoustic map which has been defined and applied to produce the outcome of the analysis. It allowed for the recognition of whether or not the noise level influences decisions made by investors existing in a local residential real estate market.展开更多
This paper is concentrated on analyzing the CEE （Central and Eastern European） countries housing and lending market development in 2002-2009. These countries experienced real estate boom and bust phases during that ...This paper is concentrated on analyzing the CEE （Central and Eastern European） countries housing and lending market development in 2002-2009. These countries experienced real estate boom and bust phases during that time and the aim of this paper is to understand which of these countries have the greatest potential for housing market recovery. The study has conducted comparable analysis of these countries and their real estate and lending market. The data was collected from central banks, national statistic offices and real estate companies. The results suggest that countries with higher housing debt had stronger real estate booms and the current bust-cycle has caused much steeper decline in prices. This paper attempts to look at the CEE housing markets from the developer＇s or investor＇s point of view and may be useful for banks and other financial institutions which are related to housing market and lending.展开更多
A number of empirical studies in Euro-American region consistently demonstrate that, parks and open space have a positive impact on property values. However, this effect has not been investigated in Beijing, China. An...A number of empirical studies in Euro-American region consistently demonstrate that, parks and open space have a positive impact on property values. However, this effect has not been investigated in Beijing, China. And the public and city managers often ignore or underestimate the role of urban green spaces. This paper surveyed the relationship between the average house prices of 76 residential areas and 14 parks in Beijing, and measured the total benefits of 18 070 ha public green spaces on residential property value, by using the inventory data of urban green spaces （2009） and GIS techniques. Results showed that the residential property values located 850-1604 meters away from parks achieved a 0.5% to 14.1% increase in sales price. The overall benefit of Beijing’s public green spaces on residential property was 2.86 billion CNY （1 USD=6.83 CNY）, and the average benefit of per hectare public green space was 0.16 million CNY, corresponding to 1.8-3.9 times of the maintenance cost of green space in Beijing. Therefore, there is chance for local governments to increase property tax revenues due to the creation and maintenance of urban green spaces.展开更多
文摘Acoustic climate of a given area ought to be a factor of considerable significance in investment processes in an urbanized area, especially in a residential real estate market, due to its extensive influence on the living standards of its inhabitants. In the following article, the authors have given an analysis of the residential market of housing units located in areas of acceptable and excessive noise levels in preselected regions of Poland. With this end in view, an entirely new source of information has been used in the research--an acoustic map which has been defined and applied to produce the outcome of the analysis. It allowed for the recognition of whether or not the noise level influences decisions made by investors existing in a local residential real estate market.
文摘This paper is concentrated on analyzing the CEE （Central and Eastern European） countries housing and lending market development in 2002-2009. These countries experienced real estate boom and bust phases during that time and the aim of this paper is to understand which of these countries have the greatest potential for housing market recovery. The study has conducted comparable analysis of these countries and their real estate and lending market. The data was collected from central banks, national statistic offices and real estate companies. The results suggest that countries with higher housing debt had stronger real estate booms and the current bust-cycle has caused much steeper decline in prices. This paper attempts to look at the CEE housing markets from the developer＇s or investor＇s point of view and may be useful for banks and other financial institutions which are related to housing market and lending.
基金funded by the Beijing Municipal Bureau of Landscape and Forestry and Major State Basic Research Development Program of China (No. 2009CB421106)
文摘A number of empirical studies in Euro-American region consistently demonstrate that, parks and open space have a positive impact on property values. However, this effect has not been investigated in Beijing, China. And the public and city managers often ignore or underestimate the role of urban green spaces. This paper surveyed the relationship between the average house prices of 76 residential areas and 14 parks in Beijing, and measured the total benefits of 18 070 ha public green spaces on residential property value, by using the inventory data of urban green spaces （2009） and GIS techniques. Results showed that the residential property values located 850-1604 meters away from parks achieved a 0.5% to 14.1% increase in sales price. The overall benefit of Beijing’s public green spaces on residential property was 2.86 billion CNY （1 USD=6.83 CNY）, and the average benefit of per hectare public green space was 0.16 million CNY, corresponding to 1.8-3.9 times of the maintenance cost of green space in Beijing. Therefore, there is chance for local governments to increase property tax revenues due to the creation and maintenance of urban green spaces.
