This study aims at the relationship between the real estate market and Amman Stock Exchange, through the impact of three macroeconomic factors （GDP, inflation rate, and the population growth rate） and another three ...This study aims at the relationship between the real estate market and Amman Stock Exchange, through the impact of three macroeconomic factors （GDP, inflation rate, and the population growth rate） and another three factors from the microeconomic indicators （interest rate, remittances of Jordanian expatriates, and the loans provided by the Jordanian banks）. The results show that the stock market is more sensitive to the microeconomic indicators than the real estate market, and responds more rapidly than the real estate market for the changes in the microeconomic indicators. The study presents some recommendations for the Jordanian companies who own or manage any investment portfolio to be aware for the existing relationship between the two markets, and to reflect this awareness in their strategic Plans, Particularly in the regression atmosphere that causes by global crisis.展开更多
The real estate sector is vital for ensuring human needs for living and activity. This fact conditioned the formation of a legal, normative and methodological framework specific to real estate, but also the investment...The real estate sector is vital for ensuring human needs for living and activity. This fact conditioned the formation of a legal, normative and methodological framework specific to real estate, but also the investment attractiveness of the field. Thus, the real estate consultant often solves technical, economic, legal, organizational problems, but the biggest responsibility rests with investment consulting. The applied methodologies, focused on evaluating the efficiency of investments, are not sufficient to propose to the investor a reasoned conclusion regarding the investment priority. In this article, the authors propose a useful tool for real estate consultants in order to reason the decision regarding the investment of funds in commercial real estate for the purpose of renting it out—the Maximum Global Utility (MGU) method. It is proposed to include in the analysis and the way of calculating the indicator “importance level of the real estate” which reflects the criterion of the best use. This indicator ensures the flexibility of the decision depending on the quality characteristics of the real estate.展开更多
The process of China＇s monetary policy regulation on the real estate market can be roughly divided into four stages since 1998. The first and the third stages are to raise housing price, while the second and the four...The process of China＇s monetary policy regulation on the real estate market can be roughly divided into four stages since 1998. The first and the third stages are to raise housing price, while the second and the fourth stages are to curb housing price. There are both successful experiences and failure lessons in these stages of regulation. The present monetary policy instruments should be based on quantitative instruments, while the price instruments shall serve only as a supplement. We should use comprehensive polices including land policies, fiscal policies, legal and political means to develop a variety of specific and flexible policies to prevent financial risks, so that to fully play the important role of real estate market.展开更多
China’s Ministry of Land and Resources on Feb. 18 has issued an urgent notification on regulating the country’s real estate market. The notification has been already released to all of the Chinese provincial land an...China’s Ministry of Land and Resources on Feb. 18 has issued an urgent notification on regulating the country’s real estate market. The notification has been already released to all of the Chinese provincial land and resources bureaus, autonomous regions and municipalities, requires the strict control of land development for the building of commercial housing.展开更多
On the basis of determining the international comparison method and framework of the real estate market, this paper makes a comparative analysis on the development of China’s real estate market and those of some comp...On the basis of determining the international comparison method and framework of the real estate market, this paper makes a comparative analysis on the development of China’s real estate market and those of some comparable countries (or regions). The prominent problem of the real estate market in our country is the rapid rise of urban house price and the high ratio of house price to income. The direct reason is that the social funds, especially the excessive credit funds flow into the real estate market. The indirect reason is that the land supply mode makes the land price increase too fast and account for high proportion in house price, which leads to the result that the development of real estate industry is beyond the stage of economic development. These problems are not isolated, but related to each other. The rapid rise of house prices in most of the cities, especially in the first-tier cities, is the comprehensive reflection of a large amount of credit funds promoting and the drawbacks of the land supply system in essence. The main ideas to solve the problem are correctly understanding the status, role and influence of the real estate market, stabilizing and improving the short-term control policy of the real estate market, and accelerating the establishment of a long-term mechanism for the healthy development of the real estate market.展开更多
Curbing housing prices will rely on the effectiveness of the latest government measures sales offices for housing projects are no longer enjoying the overcrowded showrooms of prospective buyers. Agents of second-hand ...Curbing housing prices will rely on the effectiveness of the latest government measures sales offices for housing projects are no longer enjoying the overcrowded showrooms of prospective buyers. Agents of second-hand houses have resorted to canvassing clients by making repeated phone calls,展开更多
The first macro control: to cool overheated real estate investment June 2003: The People’s Bank of China issued the Notice on Further Strengthening Credit and Loan Business Management of Real
In the past three quarters,investment in real estate development totaled 3351.1 billion yuan($504.2 billion),up by 36.4 percent year on year,of which,investment in residential buildings reached 2.35 trillion yuan($353...In the past three quarters,investment in real estate development totaled 3351.1 billion yuan($504.2 billion),up by 36.4 percent year on year,of which,investment in residential buildings reached 2.35 trillion yuan($353.7 billion),representing a 33.8-percent increase year on year and accounting for 70.2 percent of the investment in real estate development.展开更多
Homebuyers are usually interested in both the accessibility of services and the quality of the local environment,and real estate agents frequently offer some web-based systems for home searches.There is however hardly...Homebuyers are usually interested in both the accessibility of services and the quality of the local environment,and real estate agents frequently offer some web-based systems for home searches.There is however hardly any information about the quality of local living environment in those web-based systems.The purpose of this study was to develop a method for homebuyers,adaptable to the environmental variables of interest to homebuyers when selecting a home location.In this paper,a multicriteria spatial analysis method is proposed and demonstrated for the homebuyers’selection process,using data from the City of Kuopio,Finland.Several spatial variables are applied,including environmental and service factors in the home searching process.A geographical information system(GIS)is used for creating maps for decision variables and mapping suitable areas.The method for ranking alternative dwellings is based on the difference between levels of the decision variables for each dwelling and the target levels given by the user.The method presented in this paper is adaptable to other geographical and social contexts.This decision analysis tool will be useful for both customers and real estate agents,and can also be used for city planning as a participatory-GIS(P-GIS)tool.It introduces new possibilities in the home selection process.The availability of spatial data on the living environment in the webbased services for homebuyers is likely to have effects on customers’requirements and house markets,and also promote better spatial city organization in the long run.展开更多
House price expectations(HPE)is a key factor affecting housing market fluctuations.Taking Beijing as an example,this study innovatively proposes an internet data-based measurement of HPE and text analysis-based quanti...House price expectations(HPE)is a key factor affecting housing market fluctuations.Taking Beijing as an example,this study innovatively proposes an internet data-based measurement of HPE and text analysis-based quantification of media reports from media attention and media attitudes.Regression model is performed to empirically test the impact of media reports on the level and accuracy of HPE.The empirical results show no significant relationship between media attention and the level of HPE,but a significant relationship to the accuracy of HPE.The higher the media attention(i.e.,the more intensive the media reports),the smaller the deviation between HPE and actual housing prices.The attitude of media reports is significantly related to the level and accuracy of HPE.It is easier to guide the formation of HPE through media reports with clear opinions,indicating that media could promote the sustainable development of the real estate market.展开更多
文摘This study aims at the relationship between the real estate market and Amman Stock Exchange, through the impact of three macroeconomic factors （GDP, inflation rate, and the population growth rate） and another three factors from the microeconomic indicators （interest rate, remittances of Jordanian expatriates, and the loans provided by the Jordanian banks）. The results show that the stock market is more sensitive to the microeconomic indicators than the real estate market, and responds more rapidly than the real estate market for the changes in the microeconomic indicators. The study presents some recommendations for the Jordanian companies who own or manage any investment portfolio to be aware for the existing relationship between the two markets, and to reflect this awareness in their strategic Plans, Particularly in the regression atmosphere that causes by global crisis.
文摘The real estate sector is vital for ensuring human needs for living and activity. This fact conditioned the formation of a legal, normative and methodological framework specific to real estate, but also the investment attractiveness of the field. Thus, the real estate consultant often solves technical, economic, legal, organizational problems, but the biggest responsibility rests with investment consulting. The applied methodologies, focused on evaluating the efficiency of investments, are not sufficient to propose to the investor a reasoned conclusion regarding the investment priority. In this article, the authors propose a useful tool for real estate consultants in order to reason the decision regarding the investment of funds in commercial real estate for the purpose of renting it out—the Maximum Global Utility (MGU) method. It is proposed to include in the analysis and the way of calculating the indicator “importance level of the real estate” which reflects the criterion of the best use. This indicator ensures the flexibility of the decision depending on the quality characteristics of the real estate.
文摘The process of China＇s monetary policy regulation on the real estate market can be roughly divided into four stages since 1998. The first and the third stages are to raise housing price, while the second and the fourth stages are to curb housing price. There are both successful experiences and failure lessons in these stages of regulation. The present monetary policy instruments should be based on quantitative instruments, while the price instruments shall serve only as a supplement. We should use comprehensive polices including land policies, fiscal policies, legal and political means to develop a variety of specific and flexible policies to prevent financial risks, so that to fully play the important role of real estate market.
文摘China’s Ministry of Land and Resources on Feb. 18 has issued an urgent notification on regulating the country’s real estate market. The notification has been already released to all of the Chinese provincial land and resources bureaus, autonomous regions and municipalities, requires the strict control of land development for the building of commercial housing.
基金Major projects of the National Social Science Fund“Research on China’s Industrial Structure Adjustment and Upgrading under the Supply-Side Reform and Coordinated Demand-Side Reform during the 13th Five-Year Plan Period”(16ZDA004)。
文摘On the basis of determining the international comparison method and framework of the real estate market, this paper makes a comparative analysis on the development of China’s real estate market and those of some comparable countries (or regions). The prominent problem of the real estate market in our country is the rapid rise of urban house price and the high ratio of house price to income. The direct reason is that the social funds, especially the excessive credit funds flow into the real estate market. The indirect reason is that the land supply mode makes the land price increase too fast and account for high proportion in house price, which leads to the result that the development of real estate industry is beyond the stage of economic development. These problems are not isolated, but related to each other. The rapid rise of house prices in most of the cities, especially in the first-tier cities, is the comprehensive reflection of a large amount of credit funds promoting and the drawbacks of the land supply system in essence. The main ideas to solve the problem are correctly understanding the status, role and influence of the real estate market, stabilizing and improving the short-term control policy of the real estate market, and accelerating the establishment of a long-term mechanism for the healthy development of the real estate market.
文摘Curbing housing prices will rely on the effectiveness of the latest government measures sales offices for housing projects are no longer enjoying the overcrowded showrooms of prospective buyers. Agents of second-hand houses have resorted to canvassing clients by making repeated phone calls,
文摘The first macro control: to cool overheated real estate investment June 2003: The People’s Bank of China issued the Notice on Further Strengthening Credit and Loan Business Management of Real
文摘In the past three quarters,investment in real estate development totaled 3351.1 billion yuan($504.2 billion),up by 36.4 percent year on year,of which,investment in residential buildings reached 2.35 trillion yuan($353.7 billion),representing a 33.8-percent increase year on year and accounting for 70.2 percent of the investment in real estate development.
文摘Homebuyers are usually interested in both the accessibility of services and the quality of the local environment,and real estate agents frequently offer some web-based systems for home searches.There is however hardly any information about the quality of local living environment in those web-based systems.The purpose of this study was to develop a method for homebuyers,adaptable to the environmental variables of interest to homebuyers when selecting a home location.In this paper,a multicriteria spatial analysis method is proposed and demonstrated for the homebuyers’selection process,using data from the City of Kuopio,Finland.Several spatial variables are applied,including environmental and service factors in the home searching process.A geographical information system(GIS)is used for creating maps for decision variables and mapping suitable areas.The method for ranking alternative dwellings is based on the difference between levels of the decision variables for each dwelling and the target levels given by the user.The method presented in this paper is adaptable to other geographical and social contexts.This decision analysis tool will be useful for both customers and real estate agents,and can also be used for city planning as a participatory-GIS(P-GIS)tool.It introduces new possibilities in the home selection process.The availability of spatial data on the living environment in the webbased services for homebuyers is likely to have effects on customers’requirements and house markets,and also promote better spatial city organization in the long run.
基金Supported by the National Natural Science Foundation of China(71573244,71532013,71850014)
文摘House price expectations(HPE)is a key factor affecting housing market fluctuations.Taking Beijing as an example,this study innovatively proposes an internet data-based measurement of HPE and text analysis-based quantification of media reports from media attention and media attitudes.Regression model is performed to empirically test the impact of media reports on the level and accuracy of HPE.The empirical results show no significant relationship between media attention and the level of HPE,but a significant relationship to the accuracy of HPE.The higher the media attention(i.e.,the more intensive the media reports),the smaller the deviation between HPE and actual housing prices.The attitude of media reports is significantly related to the level and accuracy of HPE.It is easier to guide the formation of HPE through media reports with clear opinions,indicating that media could promote the sustainable development of the real estate market.
