The Empirical Investigation Of A Residential Land Value Model
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The Empirical Investigation Of A Residential Land Value Model
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Author : Joseph Edward Earley
language : en
Publisher:
Release Date : 1974
The Empirical Investigation Of A Residential Land Value Model written by Joseph Edward Earley and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1974 with categories.
Determinants Of Singapore Residential Land Value
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Author : Yean Pin Lee
language : en
Publisher:
Release Date : 2002
Determinants Of Singapore Residential Land Value written by Yean Pin Lee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.
Land Value Taxation
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Author : William J. McCluskey
language : en
Publisher: Routledge
Release Date : 2017-03-02
Land Value Taxation written by William J. McCluskey and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-02 with Law categories.
This study of the strategic, policy and operational characteristics of Land Value Taxation is a unique and original contribution to Elston knowledge. McCluskey and Franzsen provide a clear and detailed synthesis of existing Land Value Taxation systems and address the perceived advantages and disadvantages of such systems. The implications of this work, based on a two-tier analysis of selected countries, will be critical in terms of informing policy makers when contemplating reviews of existing Land Value Taxation systems or its possible introduction. The empirical research underpinning this work has attempted to concisely provide the role of land value systems within the selected case study countries. The work has clearly identified a number of challenges being faced by those countries and jurisdictions that currently utilise land value tax systems. Given these challenges this book is timely in that it provides detailed expositions of property tax systems that are undergoing significant change and reform.
A Housing Price Model With Endogenous Externality Location
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Author : Henry J. Munneke
language : en
Publisher:
Release Date : 2015
A Housing Price Model With Endogenous Externality Location written by Henry J. Munneke and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
This research explores the impact of mobile homes parks on the value of single-family homes. This is the first study that empirically analyzes the effect of mobile home parks on property values. The empirical methodology used attempts to address the potential identification problem that exists within this study; it is possible that mobile home parks are located in areas of relatively lower land values or next to other land uses that impact property values. To address this identification problem, mobile home park locations are treated as endogenous within the model and the mobile home parks are identified as being located in residential or non-residential areas. The results suggest a negative effect on the selling price of single- family dwellings in close proximity to mobile home parks located in residential areas.
Methodology For Land And Housing Market Analysis
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Author : Gareth Jones
language : en
Publisher: Routledge
Release Date : 2003-12-08
Methodology For Land And Housing Market Analysis written by Gareth Jones and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-12-08 with Architecture categories.
The aim of this book is to bring methods of land-market and land-price analysis to the foreground. It relates substantive research findings for land and urban development and blends these with a focus on research design and methodology. Its findings have relevance beyond the topics of housing and land: it broaches the whole question of how research design and general approach may lead to fundamentally different findings, different priorities, and different policy prescriptions and preoccupations. It is based on work done in the Third World, but is also relevant to studies of the industrialized world.
Empirical Testing Of Real Options In The Hong Kong Residential Real Estate Market
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Author : Huimin Yao
language : en
Publisher: Open Dissertation Press
Release Date : 2017-01-27
Empirical Testing Of Real Options In The Hong Kong Residential Real Estate Market written by Huimin Yao and has been published by Open Dissertation Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-27 with categories.
This dissertation, "Empirical Testing of Real Options in the Hong Kong Residential Real Estate Market" by Huimin, Yao, 姚惠敏, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Empirical Testing of Real Options in the Hong Kong Residential Real Estate Market Huimin YAO Department of Real Estate and Construction, The University of Hong Kong August 2005 Abstract Hong Kong has been using the leasehold system of land management rather than freehold since its colonial era. This system controlled and presently still controls use of leased land through leasehold conditions. Many leases granted decades ago thus require formal modifications to lease conditions to formalize proposed changes in land use; or to realize the actual present economic value of the land, usually following a land valuation process and payment to government of a "premium" intended to reflect the value of the land in its revised use, usually determined by standard discounted cash flow methodology. From a real options analysis perspective, such land use conversions and analysis of real options associated therewith are significantly more complex than typical stylized land development real options encountered in academic literature and research. There is thus considerable interest in obtaining empirical evidence of the performance of real options valuation in land development applications, where options associated with land development rights are substantially constrained due to regulatory influences. A review of institutional framework in Hong Kong demonstrates that developers essentially own only one type of flexibility in practice that follows typical real options analysis literature, i.e., time flexibility, while other flexibilities are rather constrained due to regulatory influence. The aim of this paper is to outline major factors in operationalizing academic real options research for practical application in a particular land market with significant regulatory constraints, and then test two hypotheses derived from real options literature using actual residential real estate development projects in Hong Kong which require leasehold land use conversions as data. The two hypotheses are: (1) there is a significant and positive difference between the land conversion premium calculated by option pricing theory and the land conversion premium calculated by the authorities (based on DCF principles); and (2) developers are expected to delay the development of land to the point predicted by the real options model. To address these two hypotheses, applied research methodology was adopted and regulatory documentation and case studies were identified to frame the design of the applied work to address institutional complexities, and to facilitate identification of critical lease covenants for real option pricing. The perpetual American call option pricing model was chosen for individual case analysis since multiple time extensions were allowed. It was demonstrated that hypothesis 1 was supported. It was further found that hypothesis 2 was also supported, which means that options were generally optimally exercised. The importance of this research is that it finds empirical support for real options theory in a sample of actual heterogeneous development projects under substantial regulatory constraints and also finds evidence for optimal exercise of real options. From a public policy perspective, these findings imply that the Hong Kong government has systematically undervalued development land in the lease modification cases. DOI: 10.5353/th_b3617334 Subjects: Real
Capitalization Of Environmental Benefits Into Property Values
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Author : Pramila K. Poudel
language : en
Publisher:
Release Date : 1979
Capitalization Of Environmental Benefits Into Property Values written by Pramila K. Poudel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Environmental policy categories.
Real Estate Valuation Theory
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Author : Ko Wang
language : en
Publisher: Springer Science & Business Media
Release Date : 2002-09-30
Real Estate Valuation Theory written by Ko Wang and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-09-30 with Business & Economics categories.
Is real property appraisal evolving, or have all of the "big ideas" already been conceived? This question has been circulating among the leaders of the Appraisal Institute during the past several annual meetings, usually encountering little in the way of satisfying answers. This is not too surprising, because grand ideas and new knowledge do not typically evolve from off-hand conversation. They are the product of focused intellectual activity and hours of difficult work. This unquenched thirst for new knowledge is the primary reason for assembling this collection of new manuscripts dealing with valuation theory, which was financially underwritten by the Appraisal Institute. Their generosity and willingness to partner with the American Real Estate Society made this collection of thoughtful and thought provoking essays possible. They are the result of a global response to a worldwide call for papers, and demonstrate that real estate valuation is indeed an international discipline. The United States, Australia and New Zealand, Southeast Asia, the Pacific Rim, and Europe are all represented by this impressive collection of authors. Together, the eighteen essays that make up this volume demonstrate that there are a sufficient number of "big ideas" to challenge and improve the appraisal profession for years to come. 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.
Real Estate Valuation Theory
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Author : Ko Wang
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Real Estate Valuation Theory written by Ko Wang and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
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.
Modeling Urban Dynamics
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Author : Marius Thériault
language : en
Publisher: John Wiley & Sons
Release Date : 2013-02-04
Modeling Urban Dynamics written by Marius Thériault and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-02-04 with Social Science categories.
The field of Urban Dynamics itself is based on the systems engineering concept that all complex systems (and cities and urban areas are no exception) are comprised of independent and often smaller, more understandable sub-components with relationships to one another. This allows for the system as a whole to be modeled, using knowledge of the individual subsystems and their behaviors. In this instance, urban dynamics allows for the modeling and understanding of land use, the attractiveness of space to residents, and how the ageing and obsolescence of buildings affects planning and economic development, as well as population movements, with the urban landscape. The book adopts a trans-disciplinary approach that looks at the way residential mobility, commuting patterns, and travel behavior affect the urban form. It addresses a series of issues dealing with the accessibility of urban amenities, quality of life, and assessment of landscape residential choices, as well as measurement of external factors in the urban environment and their impact on property values.