This book describes in full the major approaches used to evaluate investment in real estate and shows how theory informs decision-aid methods and tools to support such evaluation. The inclusion of numerous examples makes it also a practical guide to assessing the suitability of an investment property. The first part of the text is devoted to an analysis of the housing market through the study of micro- and macroeconomic variables influencing supply and demand, with illustration of how these two components of the market interact. Special attention is given to market research and other preparatory activities able to influence the outcome of the investment. In fact, the quality of the parameters used for the evaluation depends on these activities. The final chapters describe the valuation techniques and highlight their essential features, limitations and potential in relation to ability to manage the investment risk. The book is aimed at graduates who wish to deepen their study of the real estate market and of the methods used to support investment decisions in real estate but also at professionals and managers of companies operating in the real estate market.

Nicolai C. Striewe analyzes potential opportunistic behavior of REIT managers and provides empirical evidence on the effectiveness of institutional monitoring as a corporate governance mechanism. The author also suggests ways to promote sustainable management by means of institutional participation. The results of his study provide valuable insights to enhance corporate governance, transparency and efficiency in the REIT market. They encourage (a) academics to include a behavioral component into studies of the REIT market, (b) REIT managers to incorporate effective monitoring and control mechanisms, (c) investors to become more aware of agency conflicts in REITs and (d) policy makers to facilitate a legal framework conducive to a sustainable REIT market.

Simon Kempf has developed hedonic (quality-adjusted) office rent indices for German metropolitan areas. His study explores new territory as it constructs, for the first time, such indices for Germany. The author thereby has taken into account the different qualities of the underlying lease contracts regarding location factors, lease factors, building factors, equipment and layout factors of the office rental unit - using more than 22,005 office lease contracts stored in the Rental Databank of IPD GmbH in Wiesbaden. This hedonic index construction methodology is well known among real estate researchers and statisticians, but it has been mainly used in the residential sector. As a second novelty the multiple imputation method in the statistical analysis to solve the problem of missing data is employed. Quality-adjusted office rent indices serve as market and economic indicators as well as a bench-marking instrument.

This book discusses the most critical issues relating to the recovery of bad loans - a major problem that European banks urgently need to address and resolve. The book describes, in an innovative but also pragmatic way, the new approaches, techniques, and models for optimal management of non-performing loans (NPLs) and the maximization of their recovery value. Drawing on a rigorous academic background and the latest real-life experiences of major European banks, it details a novel means of dealing with NPLs based on velocity, the holistic use of tools and "accelerators", and the active management of collaterals. Also, there is a specific focus on the smart use of "big data" and on the development of "bad banks", at both the single bank and the system-wide level. Ultimately, credit workout is defined as a core capability for any competitive bank - and as a quite interesting business opportunity for independent, specialized "alpha" players.

Christopher Oertel studies the impact of public policy measures on the German real estate market and confirms the assumptions, which imply that a city can influence its economic position in relation to nearby cities in the short run by making use of this tax instrument. His analyses begin with an examination of the German residential real estate market from a consumption good perspective. The findings indicate that the home-ownership allowance had a distorting effect by capitalizing into residential real estate prices, although at lower than expected rates. Then the author studies the German residential real estate market from an investment good perspective. Investigating an important amendment of the German tenancy legislation, there is a positive, yet insignificant relationship between the tenancy law reform act and the development of the cap rate. The analysis is completed by focussing on the German office market and investigating how its rental levels and gross purchase prices are affected by changes in the municipal trade tax multiplier.

Before you put that FOR RENT sign in the yard, read this Hello there, future landlord. You've found what you're looking for--a complete package of information and resources to teach you what you need to know and make your life (and your tenants' lives) easier. With Property Management Kit For Dummies, you can learn how to manage single-family homes, large apartment buildings, treehouses, dollhouses... okay, there's not much info here on managing dollhouses, but everything else is definitely covered. Find good tenants, move them in, and keep them happy and paying rent on time. When it comes time for a change, learn how to move tenants out and turn over the property, easy as pie. This book makes it simple to understand tax and insurance requirements, building maintenance concerns, and financial record keeping. Plus, the updated edition reflects the current rental property boom, new technologies, changes to the law, and the inside scoop on the latest Fair Housing issues to keep you out of court. Emotional support animals? Rent control? Bed bugs? Eviction? It's all in here. Find out whether property management is right for you, learn what you need to get started, and be successful as your residential rental property portfolio grows Get your ducks in a row--develop solid marketing and advertising strategies and resources, build up-to-date rental contracts, figure out the legal side of things, and minimize your income and property tax bills Make sure you're renting to responsible people, and deal with the occasional problem tenant without major drama Maximize your cash flow by keeping your rents at market prices, efficiently handling maintenance, and ensuring your property has great curb appeal with the features and benefits sought by today's tenants Become a top-notch property manager with this one-and-done reference, plus online bonus materials.

Start making money today ---with the ultimate guide for first-time investors
No matter what the market does, real estate stilloffers plenty of moneymaking opportunities. In thisnew edition of The Beginner's Guide to RealEstate Investing, Gary W. Eldred presents the toolsand knowledge new investors need to get started profitably. Packed with smart moneymakingstrategies and real-life stories from successfulinvestors, this edition also covers the latestinformation on financing, foreclosures, cash flow, and much more. You'll not only master the basics ofinvesting, but also discover specialized techniques that the pros rely on to grow their long-term wealth. Concise yet comprehensive, this practical guide shows you how to:
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In addition, Eldred shows you how to tailor yourinvestment strategy to make money almost anywhere, in any type of market. With proven tech-niques, timeless principles, and totally up-to-dateinformation, The Beginner's Guide to Real EstateInvesting, Second Edition is the perfect place to start building a prosperous future --- today.

No one can really predict how the real estate market will develop. However, we can look at patterns, how they might develop and thus give a direction to the future of real estate. This book wants to contribute to that. COVID-19 has had a considerable influence on society and real estate, particularly in the recent period. We are surprised by a development that we had not seen coming and that has seriously impacted our lives. The various manifestations of lockdowns around the world have been gradually phased out and reset in 2020. This has a structural impact on living, working and shopping and therefore has a direct impact on the use of property. Since COVID-19 will be present in many respects for the foreseeable future, the pandemic will have a significant impact on real estate and urban developments. Perhaps when we look back on this period, this pandemic will prove to have been the starting point for drastic property changes. Many were surprised by the empty shelves in supermarkets during the first days of the pandemic. The supply chains were running at full speed, but a large part of the retail sector came to a standstill or switched to online. Multi-channel has now really proven itself and COVID-19 has abruptly increased the demands on last mile logistics spaces. Much more will change in the area of supply chains. Moreover, in light of increasing trade tensions, there is a trend of onshoring and it is clear that logistics and warehousing will become increasingly important. Public space is also in the spotlight. The importance of parks and greenery was great during the lockdown. Guaranteed distance on streets and squares will remain the focus of attention in the coming period. Space is scarce. We need terraces in order to realize some turnover. And the fact that the car is currently considered a safe means of transportwhat does that mean in terms of traffic pressure? A number of real estate experts in the world at various universities have each looked at developments affecting the future from their own perspective and share that knowledge with everyone. Topics covered in this book are: (1) Blockchain and Real Estate in The Netherlands: A Database Exploring 2015-2018 and Extrapolation to the Future, (2) Principle of Substitution in the face of COVID-19 Pandemic: An Application to Tenants Choice in Commercial Real Estate Markets, (3) Selected Aspects of Slovenian Legislation on Lease of Agricultural Land and Forests, (4) Land Value Captures Potential in Norwegian Projects, (5) Environmental Stress and Contemporary Understanding of Human-built Environment Relations: Study Case on Zero-Waste City Ljubljana, (6) Property Development Viability and Community Spirit Rethinking the Safety Angle, (7) Implementation of Land Policy at Local Level, and Impacts of the Functioning of the Real Property Market, (8) Work From Hotels: Is Hybrid the Future and (9) Real Estate as a Service.

Simplify Your Landlord Experience with Smart Strategies and Smarter Tools "Without Landlording on Autopilot, I doubt I would have ever succeeded with rental properties. Mike's book guided my business every step of the way, and I owe a huge debt to Mike for his insights. This book is a MUST-READ for any current or future landlord." -Brandon Turner, BiggerPockets.com Landlording on Autopilot is the property investor's guide to doing it all with less stress and higher profits. As a full-time undercover police detective, author Mike Butler developed his proven, simple system for managing hundreds of rentals on the side; in this book, he shares his methods to help you transition your rentals from a headache into a fun, problem-free source of consistent higher profits and income. Whether you're looking for your first rental property, or just looking for a better way to manage the ones you have, this book shows you his strategies, mind-set, tools and technologies to make your rental business a boatload easier while giving you a lot more time to do what you want! Mike's simple methods can be implemented in downtown Manhattan or Anytown, USA, whether you manage high-end penthouses or Section 8 rentals, and you can do it all from your smartphone or tablet--and best of all, most of the technology doesn't cost a penny. There comes a time in every landlord's "landlording" experience when the income doesn't feel worth the hassle. Don't give up! Investment property can be a wonderful source of income--with the right approach. Mike Butler's approach is "autopilot", and it tips the scales toward more profit, more income, and much less stress. Discover the latest--and mostly free--landlording technologies HUGE Updates on Section 8, rental application processing changes, and more How To deal with the latest rash of federal, state, and local laws attacking landlords Explore market trends and conditions through the eyes of a seasoned real estate investor If your properties are taking up too much of your life, Landlording on Autopilot is your ultimate guide to reclaiming your time--and your profit. PLUS... FREE GIFTS from Mike Butler! "159 point Rent Ready Checklist" "Your 18 page 'Ultimate How To Guide' to Taking Multi-Purpose Photos and Videos of Your Rentals" 12 Brand New Updated FORMS for Your Rental Business

Peak Load and Capacity Pricing lays out clear pricing strategies for understanding peak load and capacity pricing structures, further cementing electricity's role as an asset class with fixed and variable costs.

Anna Mathieu clarifies if real estate decisions are affected by investor and consumer sentiment and how severely the sentiment should be considered. With regard to international capital markets Mathieu conducts an analysis of the impact of investor sentiment on the return of the real estate-specific investment vehicle "Real Estate Investment Trust (REIT)" by applying a GARCH-Model. She investigates the effects of investor sentiment on the return and the underlying volatilities of REITs and Non-REITs during the financial crisis. The hypotheses are tested for validity in a GARCH-Model. Parallel to capital markets and thereby in changing from an indirect Real Estate investment perspective to a direct perspective the author conducts an analysis if consumer sentiment impacts the household decision to buy a new home in the US. Therefore a dataset with 385 monthly observations from 1978 to 2010 is tested by a component model.

Individual foreign investment in Western nation states is a long-standing geopolitical issue. The expansion of the middle class in BRICS and Asian countries, and their increased activity in Western real estate markets as foreign investors, have introduced new and revived existing cultural and geopolitical sensitivities. In this book, Dallas Rogers develops a new history of foreign real estate investment by mapping the movement of human and financial capital over more than four centuries. The book argues the reconfiguration of Asian geopolitical power has ruptured the conceptual landscape for understanding international land and real estate relations. Drawing on assemblage theories (Latour, Deleuze and Guattari), assemblage analytical tactics (Sassen and Ong) and discursive media theories (Kittler and Foucault) a series of vignettes of land and real estate crisis are presented. The book demonstrates how foreign land claimers and global real estate professionals colonise, subvert and act beyond the governance structures of settler-societies to facilitate new types of capital circulation and accumulation around the world.

The major financial scandals of the past decade, which have been discussed exhaustively in corporate offices by corporate attorneys, and in accounting firms, have led to the passage of massive Congressional enactments in the United States that impact the world of finance. The enactment of the Sarbanes-Oxley Act in 2002, with its significant provisions of 20-year imprisonment for certain offenses, and the conviction of Enron's CEO and other senior executives, finally caught the attention of corporate executives. Laws and Regulations in Global Financial Markets presents students, researchers, and practitioners with an in-depth global analysis of the legal and regulative aspects of corporate financial markets. Readers are introduced to international developments concerning rules and regulations impacting investment advisers and broker-dealers, bankruptcy law, important legal changes influencing banks and credit ratings organizations, real estate regulations, and insurance law. The book concludes with a discussion of personal finance, financial literacy, and federal statutes centered around the subject matter.

The community land trust is an innovative form of tenure that combines common ownership of land with individual ownership of any buildings that are located upon that land. It first appeared in the United States forty years ago. An outgrowth of the southern Civil Rights Movement, the community land trust (CLT) was conceived originally as a mechanism for African-American farmers to gain access to agricultural land. It soon found many other uses, including affordable housing and neighborhood revitalization. It soon spread to urban, suburban, and rural communities throughout the country. There are now over 200 CLTs in 44 states and the District of Columbia. They are appearing in other countries as well, with CLTs being developed in Canada, England, Scotland, and Australia.
The Community Land Trust Reader brings together for the first time the seminal texts that inspired and defined the CLT. Selections trace the intellectual origins of an eclectic model of tenure that was shaped by the social theories of Henry George, Ebenezer Howard, Ralph Borsodi, and Arthur Morgan and by social experiments like the Garden Cities of England and the Gramdan villages of India. The Reader does not look only to the past, however. Many of its 46 essays and excerpts examine contemporary applications of the CLT in promoting homeownership, spurring community development, protecting public investment, and capturing land gains for the common good. The Reader also looks ahead to challenges and opportunities likely to affect the future development of CLTs, here and abroad.

This new edition of bestselling textbook Introducing Property Valuation provides students with a comprehensive introduction to the concepts and methods of valuing real estate, helping them to progress successfully from basic principles to a more sophisticated understanding. Taking a practically oriented rather than purely theoretical approach, the textbook equips readers with the skills to undertake their own valuation calculations. Fully updated to reflect recent developments in regulation and practice, experienced tutor and valuer Michael Blackledge demonstrates how the principles can be applied in professional practice in line with the requirements and guidance provided by the International Valuation Standards Council and the Royal Institution of Chartered Surveyors. Online material accompanies the new edition with Q&As and pre-programmed excel spreadsheets enabling students to prepare their own calculations. The five traditional methods of valuation are outlined and the practical applications of the two main approaches, the comparison and investment methods, are fully explored. The use of discounted cash flow and quarterly in advance calculations, topics which are not always adequately covered elsewhere, are also explained. Accessibly written with a full range of worked examples, case studies, clear chapter summaries and extensive further reading suggestions, this book is essential for any student of real estate and its valuation.

Written by a specialist in domestic and international real estate, this book provides an introduction to the marketing of real estate, real estate services, and real estate securities on an international basis. The economic, political, legal, and financial considerations for developing international real estate investment strategies are outlined. Beginning with an examination of the international marketing environment, the author discusses marketing management and strategies, pricing, promoting real estate products internationally, market research, and financial management. The book also contains an assessment of the future of international real estate marketing. "Business Information Alert"

This book fills a gap in the real estate literature by providing a comprehensive, sophisticated introduction to the marketing of real estate, real estate services, and real estate securities on an international basis. Written by a well-known authority on real estate investment, "Marketing Real Estate Internationally" addresses the complex economic, political, legal, and financial considerations that must be taken into account before a coherent international real estate investment strategy can be constructed and applied. This is the first practical guide of international real estate marketing to be written specifically for real estate professionals.

"In 'The Social Meanings of Money and Property' Kenneth O. Doyle has produced an intriguing study that lays the groundwork for understanding the role played by money and property among individuals, groups and even nationalities. The toughminded/tender minded dichotomy presented in The Social Meanings of Money and Property can also be viewed as the Conservative/Liberal conflict. Conservatives demand self-reliance and Liberals crave nurture. The Social Meanings of Money and Property is first a psychological treatise, second it is a stimulant for complex thought." -W.J. Rayment, Conservativebookstore.com "A most important study... in the grand style of a Joseph Schumpeter.... [It] will reward both the expert and the general reader." -Matthew Lamb, Boston College "Kenneth O. Doyle's book, The Social Meanings of Money and Property, is one of the most wide-ranging and scholarly books I have ever read. . . .The comprehensiveness of the scholarship Doyle amasses will undoubtedly stimulate scholars from a variety of disciplines to test out the implications of the model." -Wilbert J. McKeachie, University of Michigan Why would a man with more money than he could ever spend risk career, family, and freedom for a modest increase in net worth? Why would a woman who never cared at all about investments perjure herself for a better divorce settlement? Why do people of some cultures seem inclined toward economic success? What are the fundamental differences between conservatives and liberals, or capitalists and socialists? Is there any hope of rapprochement between Economic Man and Psychological Man? In this book, Professor Kenneth O. Doyle spells out a theoretical system for understanding these practical, everyday problems, using a conceptual framework for studying the social meanings of money and property. He finds fundamental meaning in the concept of talisman. We use money and property, he proposes, to protect ourselves from fears characteristic of our personalities: the fear of incompetence, the fear of abandonment, the fear of disarray, and the fear of constraint. The Social Meanings of Money and Property will be of interest to scholars and students across a number of disciplines, including, but by no means limited to, psychology, sociology, and economics.

Matthias Eder zeigt verschiedene Einflussgroessen auf das Controlling von institutionellen Immobilieninvestoren auf und entwickelt mithilfe von Experteninterviews einen Rahmen zur Untersuchung seiner Gestaltungsmoeglichkeiten. Des Weiteren analysiert der Autor Verbesserungs- und Entwicklungsmoeglichkeiten im Controlling und ermittelt, welche Gestaltungsformen erfolgversprechend sein koennen. Er greift damit das Phanomen auf, dass ein Immobiliencontrolling in den letzten Jahren bei vielen Immobilienunternehmen in Deutschland eingefuhrt wurde, und untersucht tiefgehend die Zusammenhange. Eine empirische Erhebung bei institutionellen Immobilienbestandshaltern in Deutschland eroeffnet einen Einblick in die tatsachliche Auspragung und den Entwicklungsstand des Immobiliencontrollings.

Originally published in 1996, Urban Land and Property Markets describes the intricacies of the Italian urban planning system and the interconnections between the property sector, the national economy and recent historical developments, including the new challenges facing Italy after the early 1990s collapse of the party system. The book's underlying thesis is that property values are ultimately created by urban planning and investment in infrastructure. Negotiations between local government and developers focus on three basic issues: the ultimate use of urban land, the quantitative control of development via planning permissions relating to city master plans, and the nature of public investment to support growth and property values.

This thoughtful book explores the history and ongoing dilemmas of land use and land reform in South Africa. Including both theoretical and applied examples of the evolution of South Africa's current geography of land use, the authors provide a succinct overview of land reform and evaluate the range of policies conceived over time to redress the country's stark racial land imbalance. Drawing on compelling case studies from across South Africa, they illustrate not only the progress of land reform, but also how reforms fit within the larger historical context of racialized land use. This is the first book of its kind to fully apply geographical theory to the case of South African land reform. Rather than rely on one-dimensional technicist explanations to discuss the shortcomings of the country's land reform program, this rich study places it in the context of bitter battles between groups seeking to exploit land policies for their own benefit.

During the recession in the years 2008-2009, the most severe for mature economies in the post-war period, housing markets were often mentioned as having a special responsibility. The objective of this book is to shed light on the cyclical behaviour of the housing markets, its fundamental determinants in terms of supply and demand characteristics, and its relationship with the overall business cycle. The co-movements of house prices across countries are also considered, as well as the channel of transmission of house price changes to the rest of the economy. Particular attention is paid to the effects on private consumption, through possible wealth effects. The book is a compilation of original papers produced by economists and researchers from the four main national central banks in the euro area, also with the participation of leading academics.