The Experts below are selected from a list of 14478 Experts worldwide ranked by ideXlab platform
Marta Figurska - One of the best experts on this subject based on the ideXlab platform.
-
disequilibrium in the Real Estate Market evidence from poland
Land Use Policy, 2018Co-Authors: Justyna Brzezicka, Radoslaw Wisniewski, Marta FigurskaAbstract:Abstract The article analyzes the situation on the Polish residential Real Estate Market as a developing Market with emphasis on Market demand and Market supply which were evaluated in two separate approaches. States of disequilibrium were analyzed on a local Real Estate Market in the Polish Region of Lower Silesia based on the data supplied by the Promocja Center for Economic and Organizational Implementation (Sekocenbud) and the Register of Real Estate Prices and Values. The study aims to verify the hypothesis postulating the occurrence of an information cascade on the Real Estate Market and its influence on the number of transactions. The above hypothesis was verified with the use correlation methods and the Granger causality test. The results point to: 1) long-term disequilibrium on the Polish Real Estate Market, 2) the presence of synergistic systemic processes with time lags manifested in property prices, 3) the influence of an information cascade on the number of concluded transactions.
-
Fundamental Analysis - Possibility of Application on the Real Estate Market
Real Estate Management and Valuation, 2016Co-Authors: Marta Figurska, Radoslaw WisniewskiAbstract:Abstract The most common method supporting investing on the capital Market or making decisions on the Real Estate Market is technical analysis. This article, however, focuses on the less popular fundamental analysis, the importance of which is increasing on internationals Markets, especially fully-developed ones. Fundamental analysis is used for long-term predictions of values of future phenomena, based on historical data and any factors likely to affect the level of supply and demand. The final result of its use is an appraisal the true value of the subject of valuation, or so-called fundamental (intrinsic) value. Using this method to analyze, diagnose and forecast economic phenomena, as well as become familiar with the Market in terms of its fundamentals, positively influences the process of taking investment measures and leads to a better understanding of the Real Estate Market. The aim of the following study is to describe the possibility of applying fundamental analysis on the Real Estate Market, based on the principles existing on capital Markets. This article serves as an introduction to the subject-matter as well as the beginning of series of publications dedicated to different aspects of conducting fundamental analysis in the context of the Real Estate Market.
Stanisław Belniak - One of the best experts on this subject based on the ideXlab platform.
-
ESCROW AGENT IN US Real Estate Market
2016Co-Authors: Stanisław BelniakAbstract:The activity of Real Estate Market in the U.S. is noteworthy in all segments but the structure of ownership in Real Estate Market within las 20 years changed most significantly.Thus,Real Estate Market,due to its activity has been one of the institutions in this Market,operating succesfully since the 1980s.Every year,ca.6 milion people who invest in the American Real Estate Market, use ESCROW services. The paper presents the characteristics of Agent ESCROW service and their scope.Case study of the selected company was used to present the process of typical sale transaction of a Real Estate with participation of an agent, the procedures and rules of escrow process as well as its costs.The paper pints also the results of functioning of agent ESCROW institution in Real Estate Market and typical problems arising from agent escrow\'s participation in transaction that refer to scheduled completion of a transaction.
-
The Nascent Polish Real Estate Market
Journal of Real Estate Literature, 2009Co-Authors: Stanisław Belniak, Arthur L. SchwartzAbstract:Abstract During the past ten years, Poland's economy and Real Estate Market have been undergoing the transform-nation from a centralized, state-controlled system to a free Market economy with some vestiges remaining of state ownership. Information about the Polish Real Estate Market is very limited because its infrastructure is not well developed. This article presents an overview of the emerging Polish Real Estate Market drawing on available, albeit limited information. In general, the volume of transactions has increased since 1991 and Real Estate prices remain below Western European levels. Introduction Private ownership of Real property was fairly widespread during the era of the Communist government in Poland (1945-1989), particularly in rural areas. However, modem mechanisms common in Western European Real Estate Markets were not utilized and a reasonably efficient Market did not exist. In recent years following the demise of Communism, Poland has gradually become a Market economy and an emerging Real Estate Market has begun. During the Communist era, land was allocated and developed by centralized bureaucratic decrees, not by highest and best use. The officials responsible for land use decisions did not consider cost of capital and they assumed that land was a free good. Additionally, early economic development policies emphasized heavy industrial development, undoubtedly at the urging of the leadership of the former Soviet Union, and as a result, a significant amount of land was expropriated for heavy industrial projects that are today very uneconomical. Thus, it appears that land resources were overallocated to the inefficient heavy industrial and farming sectors and underallocated to the light industrial and housing sectors. Poland's economy has experienced substantial growth since it was freed from the yoke of Communism and central planning. In recent years, Poland's GDP has grown at 5%-6% annually, one of the highest economic growth rates in central Europe. This pace of economic growth exceeds that of most western European countries with the exception of Ireland and it is a record of economic progress that is diametrically the opposite of Poland's former occupier and boss, Russia. Poland's stock Market, as measured by the WIG Index of the Warsaw Stock Exchange, had a very strong upward price performance from 1992 until 1997, rising approximately 700% in dollar terms. It was impacted by the recent August-October, 1998, correction in most emerging Markets, however, but it has strongly recovered in 1999. Unlike the equities Market, Poland's Real Estate Market is very difficult to measure and study because records and data are very primitive compared with Markets in western Europe or the United States. Sophisticated empirical studies of Poland's Real Estate Market are currently impossible because the data simply do not exist in accessible form. In this study, what limited information that is currently available is presented. History and Current Over-view After several centuries as part of Prussia, Czarist Russia and the Astro-Hungarian Empire, Poland regained its independence following World War 1. Under the regime of Marshall Pilsudski, Poland was essentially a Market economy. Then, disaster struck as Germany invaded Poland in 1939 and World War 11 officially began. During the war, Poland was constantly under German occupation. In 1939, the RibbentropMolotov agreement divided Poland into two zones of influence: Russian and German. Poland's population and infrastructure was devastated during World War 11. Approximately 20% of the population perished during the war, including almost its entire Jewish population. That minority had been a significant portion of the country's prewar entrepreneurial class. Additionally, many educated citizens were persecuted and killed by both Nazi and Soviet occupiers and a significant number of the landed gentry, officers in the Polish Army, were either killed in battle or massacred while prisoners of war. …
-
The Nascent Polish Real Estate Market
2000Co-Authors: Stanisław Belniak, Arthur L. SchwartzAbstract:During the past ten years, Poland's economy and Real Estate Market have been undergoing the transformation from a centralized, state-controlled system to a free Market economy with some vestiges remaining of state ownership. Information about the Polish Real Estate Market is very limited because its infrastructure is not well developed. This article presents an overview of the emerging Polish Real Estate Market drawing on available, albeit limited information. In general, the volume of transactions has increased since 1991 and Real Estate prices remain below Western European levels.
Arthur L. Schwartz - One of the best experts on this subject based on the ideXlab platform.
-
The Nascent Polish Real Estate Market
Journal of Real Estate Literature, 2009Co-Authors: Stanisław Belniak, Arthur L. SchwartzAbstract:Abstract During the past ten years, Poland's economy and Real Estate Market have been undergoing the transform-nation from a centralized, state-controlled system to a free Market economy with some vestiges remaining of state ownership. Information about the Polish Real Estate Market is very limited because its infrastructure is not well developed. This article presents an overview of the emerging Polish Real Estate Market drawing on available, albeit limited information. In general, the volume of transactions has increased since 1991 and Real Estate prices remain below Western European levels. Introduction Private ownership of Real property was fairly widespread during the era of the Communist government in Poland (1945-1989), particularly in rural areas. However, modem mechanisms common in Western European Real Estate Markets were not utilized and a reasonably efficient Market did not exist. In recent years following the demise of Communism, Poland has gradually become a Market economy and an emerging Real Estate Market has begun. During the Communist era, land was allocated and developed by centralized bureaucratic decrees, not by highest and best use. The officials responsible for land use decisions did not consider cost of capital and they assumed that land was a free good. Additionally, early economic development policies emphasized heavy industrial development, undoubtedly at the urging of the leadership of the former Soviet Union, and as a result, a significant amount of land was expropriated for heavy industrial projects that are today very uneconomical. Thus, it appears that land resources were overallocated to the inefficient heavy industrial and farming sectors and underallocated to the light industrial and housing sectors. Poland's economy has experienced substantial growth since it was freed from the yoke of Communism and central planning. In recent years, Poland's GDP has grown at 5%-6% annually, one of the highest economic growth rates in central Europe. This pace of economic growth exceeds that of most western European countries with the exception of Ireland and it is a record of economic progress that is diametrically the opposite of Poland's former occupier and boss, Russia. Poland's stock Market, as measured by the WIG Index of the Warsaw Stock Exchange, had a very strong upward price performance from 1992 until 1997, rising approximately 700% in dollar terms. It was impacted by the recent August-October, 1998, correction in most emerging Markets, however, but it has strongly recovered in 1999. Unlike the equities Market, Poland's Real Estate Market is very difficult to measure and study because records and data are very primitive compared with Markets in western Europe or the United States. Sophisticated empirical studies of Poland's Real Estate Market are currently impossible because the data simply do not exist in accessible form. In this study, what limited information that is currently available is presented. History and Current Over-view After several centuries as part of Prussia, Czarist Russia and the Astro-Hungarian Empire, Poland regained its independence following World War 1. Under the regime of Marshall Pilsudski, Poland was essentially a Market economy. Then, disaster struck as Germany invaded Poland in 1939 and World War 11 officially began. During the war, Poland was constantly under German occupation. In 1939, the RibbentropMolotov agreement divided Poland into two zones of influence: Russian and German. Poland's population and infrastructure was devastated during World War 11. Approximately 20% of the population perished during the war, including almost its entire Jewish population. That minority had been a significant portion of the country's prewar entrepreneurial class. Additionally, many educated citizens were persecuted and killed by both Nazi and Soviet occupiers and a significant number of the landed gentry, officers in the Polish Army, were either killed in battle or massacred while prisoners of war. …
-
The Nascent Polish Real Estate Market
2000Co-Authors: Stanisław Belniak, Arthur L. SchwartzAbstract:During the past ten years, Poland's economy and Real Estate Market have been undergoing the transformation from a centralized, state-controlled system to a free Market economy with some vestiges remaining of state ownership. Information about the Polish Real Estate Market is very limited because its infrastructure is not well developed. This article presents an overview of the emerging Polish Real Estate Market drawing on available, albeit limited information. In general, the volume of transactions has increased since 1991 and Real Estate prices remain below Western European levels.
Yin Baobin - One of the best experts on this subject based on the ideXlab platform.
-
Research on China's Real Estate Market Bubble and the Pre-control Mechanism
Urban Studies, 2009Co-Authors: Yin BaobinAbstract:Our country house price has a group dramatic rise,surpassed resident's income rate of rise seriously for these years.Regarding our country present Real Estate Market whether have the froth problem,the economical educational world and the Government department and the property developer has launched the intense argument.This article mainly has carried on the empirical analysis according to Real Estate Market's related index to our country's Real Estate Market,obtained our country Real Estate Market the partial cities to present the froth truly.Root which produces in view of the froth,proposed how current to cause our country's Real Estate Market healthy development related.
Justyna Brzezicka - One of the best experts on this subject based on the ideXlab platform.
-
disequilibrium in the Real Estate Market evidence from poland
Land Use Policy, 2018Co-Authors: Justyna Brzezicka, Radoslaw Wisniewski, Marta FigurskaAbstract:Abstract The article analyzes the situation on the Polish residential Real Estate Market as a developing Market with emphasis on Market demand and Market supply which were evaluated in two separate approaches. States of disequilibrium were analyzed on a local Real Estate Market in the Polish Region of Lower Silesia based on the data supplied by the Promocja Center for Economic and Organizational Implementation (Sekocenbud) and the Register of Real Estate Prices and Values. The study aims to verify the hypothesis postulating the occurrence of an information cascade on the Real Estate Market and its influence on the number of transactions. The above hypothesis was verified with the use correlation methods and the Granger causality test. The results point to: 1) long-term disequilibrium on the Polish Real Estate Market, 2) the presence of synergistic systemic processes with time lags manifested in property prices, 3) the influence of an information cascade on the number of concluded transactions.
-
The Phenomenon of an Information Cascade on The Real Estate Market
2014Co-Authors: Justyna BrzezickaAbstract:This article concerns the issue of an information cascade on the Real Estate Market. In the theoretical part of the paper the issue of an information cascade has been defined, the mechanism of its functioning has been explained and the most favourable determinants of the Real Estate Market due to which an information cascade exists have been described. The methodological part comprises the analysis of the Real Estate Market in Olsztyn conducted with the use of a two-step research. The volumes of transactions concluded in the sector of the residential Real Estate and characterized by great dynamism and changes in time constituted the research category. The most important conclusions drawn from the paper are connected with the confirmation of the existence of an information cascade on the Real Estate Market due to the general characteristics of the Real Estate Market and the mechanism of creating a cascade that are favourable to the formation of this phenomenon.
-
Calendar Effects on the Real Estate Market
Real Estate Management and Valuation, 2013Co-Authors: Justyna Brzezicka, Radosław WiśniewskiAbstract:Abstract Social and economic phenomena that rely on "soft" factors to explain the Market Reality supply highly valuable observations. Behavioral elements should not be omitted in analyses of the Real Estate Market because the latest developments in behavioral sciences significantly contribute to our understanding of this Market. The popularity of behavioral research in social and economic sciences provokes an examination of the significance of behavioral analyses on the Real Estate Market. As an object of social and economic inquiry, the property Market can benefit from recent achievements in behavioral sciences which expand the explanatory potential of studies based on the neoclassical model. This paper analyzes calendar anomalies, generally referred to as calendar effects, on the Real Estate Market. This phenomenon has been observed on the capital Market and has been investigated and described by behavioral finance. The research hypothesis tested in this study is that calendar effects are present on the Real Estate Market. This paper aims to: 1) review calendar effects as model phenomena on the Real Estate Market, 2) determine whether calendar effects occur on the Real Estate Market and, if so, identify those anomalies, 3) determine whether and to what extent the Real Estate Market is governed by seasonal diversity, 4) explain the significance of calendar effects to the Real Estate Market. Research goals were pursued based on analyses of Real Estate transactions conducted in Olsztyn between 2004 and 2011.
-
The seasonal character of Real Estate Market
World of Real Estate Journal, 2013Co-Authors: Justyna BrzezickaAbstract:The article treats on the issue of the Real Estate Market seasonal character which was analyzed throughout the year. In the present paper the descriptions of calendar effects occurring in property Market have been provided. The phenomenon of calendar variability of the Real Estate Market has been presented. Moreover, the degree of investment attractiveness of particular months of the year has been established from the viewpoint of both the buyer and the seller. The study has a research character and it also summarizes previous research into the Real Estate Market conducted in the behavioral mode.
