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.

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.

Starting in 2008, investors, upset by the stock market collapse, started to see real estate as a "safe haven" investment. While talking with numerous clients, investment manager Hilliard Macbeth realized that Canadians have far too much of their investment capital and savings tied up in expensive real estate when better opportunities are about to appear in other asset classes. He argues that Canada is in the midst of a real estate bubble, and there will soon be a crash in house prices. What can Canadians do to be prepared financially for retirement and to take advantage of the "once in a lifetime" buying opportunity that will follow the bubble bursting? All these answers can be found in When the Bubble Bursts.

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.

There are significant returns to be made from private equity, infrastructure, real estate and other illiquid investments, but a competitive strategy is essential for investment success and for meeting objectives. This book takes readers through all the considerations of planning and implementing an investment strategy in illiquid investments.

This book analyses calendar anomalies in the real estate industry with a focus on the European market. It considers annual, monthly and weekly calendar anomalies looking at a representative sample of European REITs and highlights the main differences amongst the countries.

The current financial crisis started from the US real estate market and after, though the increase of risk premium requested by investors and due to the lack of liquidity of all financial markets, it became a world financial crisis. A detailed analysis during the crisis focuses attention on asset management, the real estate and public sector.

Infrastructure Planning and Finance is a non-technical guide to the engineering, planning, and financing of major infrastucture projects in the United States, providing both step-by-step guidance, and a broad overview of the technical, political, and economic challenges of creating lasting infrastructure in the 21st Century. Infrastructure Planning and Finance is designed for the local practitioner or student who wants to learn the basics of how to develop an infrastructure plan, a program, or an individual infrastructure project. A team of authors with experience in public works, planning, and city government explain the history and economic environment of infrastructure and capital planning, addressing common tools like the comprehensive plan, sustainability plans, and local regulations. The book guides readers through the preparation and development of comprehensive plans and infrastructure projects, and through major funding mechanisms, from bonds, user fees, and impact fees to privatization and competition. The rest of the book describes the individual infrastructure systems: their elements, current issues and a 'how-to-do-it' section that covers the system and the comprehensive plan, development regulations and how it can be financed. Innovations such as decentralization, green and blue-green technologies are described as well as local policy actions to achieve a more sustainable city are also addressed. Chapters include water, wastewater, solid waste, streets, transportation, airports, ports, community facilities, parks, schools, energy and telecommunications. Attention is given to how local policies can ensure a sustainable and climate friendly infrastructure system, and how planning for them can be integrated across disciplines.

Let's face it--fixing and flipping houses is sexy. Who doesn't love the idea of buying a rundown, mold-infested shack and transforming it into someone's dream home for massive profits? Reality TV shows make it look so easy. A little paint here, some new kitchen cabinets there, and presto The house is sold for big bucks and everyone lives happily ever after. If only it were that simple. Fixing and flipping houses is a business. In order for a business to survive, prosper, and grow, systems must be put in place. Fixing and Flipping Real Estate: Strategies for the Post-Boom Era is a book that breaks down the four essential components of a fix-and-flip business, giving you the building blocks to efficiently buy and sell 1 to 20 properties a month in today's post-boom era housing market. You'll learn about each of the boxes: * Acquisition--How to find and buy a profitable real estate deal. * Rehabbing--How to systematically remodel a house and how not to underimprove, or overimprove, your property. * Sales--How to sell your flip for the highest possible price in the shortest possible time.* Raising Capital--How to get the capital you need to grow your business, including using other people's money, for your real estate deals without getting sued or going to jail. In the post-real estate boom era, fixing and flipping is again a solid business--especially in the sand states--Arizona, California, Nevada, Texas, and Florida, among others. It's also a good bet in states as diverse as North Carolina and Washington State. And with the real estate market projected to bottom out nationally in 2012 (this time for real), there are plenty of houses to be renovated and plenty of money to be made by the enterprising in all fifty states. This book shows real estate investors everything they need to know to get started fixing and reselling houses either as a substantial sideline or a full-on business. What you'll learnReaders will learn how to: * Buy bank-owned houses, short sales from underwater homeowners, and foreclosures at auction. * Determine your target neighborhood, price point, and property. * Calculate accurately repair expenses, holding, and closing costs. * Negotiate with contractors, tradespeople, and suppliers for the best pricing.* Get distressed home sellers and Realtors calling you first about great deals. * Use other people's money to help you reach your financial goals. * Manage risk and invest conservatively and responsibly in real estate to protect your capital. * Improve greatly your chances of success by fixing and flipping houses as a business rather than as a hobby or a lark. Who this book is for If you've ever thought about supplementing your current income by fixing and flipping a house, or quitting your job to make flipping houses your full-time business, then Fixing and Flipping Real Estate: Strategies for the Post-Boom Era is the book you need. It is for motivated, entrepreneurial self-starters who want to earn an extra $10,000 to $200,000 a year while reducing the risk any real estate investment entails.

Land, as a fundamental resource in regional development, provides major opportunities for farming, housing, urban planning, and financing. In order to meet the requirements of the new era, every state has developed and implemented a series of policies according to its national specificities and to the international regulations and trends. Geospatial Technologies for Effective Land Governance is a pivotal reference source that provides vital research on the application of the use of GNSS, remote sensing, and GIS. While highlighting topics such as crop management, multispectral images, and irrigation, this publication explores land administration, encompassing both cadastral systems and land registration, as well as the methods of land governance strategies. This book is ideally designed for researchers, agricultural professionals, engineers, environmentalists, land developers, educators, students, and policymakers seeking current research on land and land-based conflicts in urban and rural communities.

This book initiates a fresh discussion of affordability in rural housing set in the context of the rapidly shifting balance between rural and urban populations. It conceptualises affordability in rural housing along a spectrum that is interlaced with cultural and social values integral to rural livelihoods at both personal and community level. Developed around four intersecting themes: explaining houses and housing in rural settings; exploring affordability in the context of aspirations and vulnerability; rural development agendas involving housing and communities; and construction for resilience in rural communities, the book provides an overview of some of the little understood and sometimes counter-intuitive best practices on rural affordability and affordable housing that have emerged in developing economies over the last thirty years. Drawing on practice-based evidence this book presents innovative ideas for harnessing rural potential, and empowering rural communities with added affordability and progressive development in the context of housing and improved living standards. For a student aspiring to work in rural areas in developing countries it is an introduction to and map of some key solutions around the critical area of affordable housing For the rural development professional, it provides a map of a territory they rarely see because they are absorbed in a particular rural area or project For the academic looking to expand their activities into rural areas, especially in rural housing, it provides a handy introduction to a body of knowledge serving 47% of the world's population, and how this differs from urban practice For the policy makers, it provides a map for understanding the dynamics around rural affordability, growth potential and community aspirations helping them to devise appropriate intervention programs on rural housing and development

This textbook responds to the increasing demand for practical, industry aligned, ethical practices in quantity surveying, construction management and related AEC professions. Professional Ethics for Construction and Surveying addresses how existing ethical standards can be pragmatically applied to both private and contracting practice, with case studies aligned with the ethical requirements of the main professional bodies. After an introduction to ethics, the authors present real-world situations where the minimum legal and contractual requirements necessitate the combination of professional judgement and ethical decision-making. They outline how such situations arise, then address how decisions can and should be made that are in keeping with the moral, contractual and CSR requirements, with cases covering the building lifecycle from procurement to handover. Consequently, the book brings together ethical theory, existing worldwide ethical standards and the requirements of the RICS, the CIOB and the ICES, with the authors' experiences of examining candidates for entry into the professional bodies. The result is a professionally focused textbook aimed at vocational learners (at both undergraduate and postgraduate taught levels) and practitioners in construction, engineering, architecture and the wider built environment.

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.

This text addresses in great detail the requirements for designing, implementing, and managing programs and procedures for the maintenance of major building elements from the foundation to the roof, including interior and exterior support systems and sitework elements. Topics include facilities as assets, major renovations, preventative maintenance, special maintenance considerations, and designing for building maintenance.

This book gives a comprehensive analysis of the different real estate markets in Europe, with a thorough description of the various sectors. The recent disturbing events in the real estate industry and its interrelationship and repurcussions on the adjacent financial industries is also addressed.

This book demonstrates how housing systems are built from political struggles over the distribution of welfare and wealth. The contributors analyze varieties of residential capitalism through a range of international case studies, as well as investigating the links between housing finance and the current international financial crisis.

Introduction to Facility Management is a comprehensive introduction to the dynamic and diverse field of facility management (FM). It answers questions such as: What is facility management? What does a facility management professional do? How can we classify facility management products and services? How do you set up a facility management organisation? How do you manage service processes using a master dashboard? Reflecting on current events, the book defines new and exciting roles for facility management professionals. This first international edition of the bestselling Dutch Basisboek Facility Management describes global trends and developments and international FM-standards and practices. With contributions of thought leaders, such as Diane Levine, Jens Schluter, Michiel Bakker, Elizabeth Nelson, Nicolas White and Susanne Balslev Nielson, Introduction to Facility Management is the first international book on facility management, which is supplemented and commented on by facility management teachers and practitioners; intriguingly and enthusiastically describes the full scope of the FM-profession; provides a theoretical framework and insight into FM-practice.

An entry level introduction to valuation methodology, this book gives a straightforward narrative treatment to the subject matter with a multitude of examples and illustrations, contained in an easy to read format.
There is a strong emphasis on the practical aspects of valuation, as well as on the principles and application of the full range of valuation methods. This book will serve as an important text for students new to the topic and experienced practitioners alike. Topics covered include:

• property ownership
• concepts of value
• the role of the valuer
• property inspection
• property markets and economics
• residential property prices and the economy
• commercial and industrial property
• methods of valuation
• conventional freehold investment valuations
• conventional leasehold investment valuations
• discounted cash flow
• contemporary growth explicit methods of valuation
• principles of property investment.

First published in 1913, Richard Parry's Valuation and Investment Tables has since become an essential tool for students and professionals in the study and practice of valuation and appraisal. That the book reached its centenary year in print and now fourteenth edition is a testament to its acclaim by the valuation and property professionals in an era of calculators and computers, and furthermore a tribute to the historical importance of Parry's original vision and continued legacy. The purpose of the book is to provide a comprehensive range of different valuation and investment tables in one volume. Although many of the tables will be used by practicing surveyors for valuation purposes, they will also be useful to accountants and others concerned with various types of investment and financial calculations. Surveyors valuing freehold or leasehold interests in property have the choice of using either (a) annually in arrear, or (b) quarterly in advance figures of years' purchase. The relevant tables for each concept are printed on different coloured edged pages for ease of reference. In practice today, calculations are required for a variety of purposes which often justify more than one approach. To allow for this, Internal Rates of Return tables have been retained. Using these tables, both growth and non-growth scenarios can be analysed for more detailed appraisal of specific freehold properties and to provide a basis for more in-depth investment advice.

Compulsory Purchase and Compensation is the essential guide to this complex and increasingly relevant area of the law. Now in its eleventh edition, no other book presents the same level of information on the law relating to compulsory purchase and compensation in England and Wales in such an accessible way. The best-selling book on the subject, previous editions have been used by professionals and students alike in order to gain a full understanding of a key subject for any surveyor or lawyer. The book is also especially suited to those coming to this complex subject without a specific background in the law and ideal reading for those students taking planning and built environment law modules. Surveyors in particular will find this book invaluable. This new edition has been extensively revised and reflects the changes to the law in the Housing and Planning Act 2016 and the Neighbourhood Planning Act 2017, and also recent decisions of the courts and the Upper Tribunal, all of which will be of particular interest to those working on cases related to HS2, the proposed high-speed railway line from London to Birmingham, Leeds and Manchester.