This study distinguishes between value and valuation theory as specified by Wendt (1974) and Grissom (1981, 1985) with an investigation of Marshallís synthesis and hierarchal structure of price, capitalization, and cost as theoretical premises supporting valuation techniques. These techniques...

"During seminar organized at United Nations Economic Commission fo Europe (UNECE) Headquarters in Geneve by the relative Real Estate Market Advisory Group (REM) and the UNECE Secretariat, it was highlighted that the current global financial crisis is the result of inadequate regulation of real...

A growing awareness within the real estate sector about how much the business is peopledriven and how diverse the workforce actually is underscores the need for studies on people management within the sector. Remuneration programmes are important tools in this regard; however, studies on these...

"Homeownership rates are very different across European countries. They range from below 50% in Germany to over 80% in Greece, Spain or Ireland. However the differences lie not only in the overall homeownership rates but also in its structure, and this is the focus of this paper. Its aim is to...

This paper presents an Advanced Forecasting Information System - PYTHIA - estimating real estate values. PYTHIA was developed with MS Visual Basic.NET and Dundas Chart for .NET. Database was developed with MS SQL Server 2000. System implementation includes the processes of sub-system development...

The existence of a foreclosure system is a presumption for an efficient mortgage system with high loan-to-values (LTV). Denmark is among the countries with the highest debt among owner-occupiers and other mortgage borrowers. Since 1979 Statistics Denmark has published data on foreclosures,...

The purpose of this paper is to create the premises for a system of competencies in Romania coherent with the European regulations at master level in the area of economic analysis and valuation of businesses, real estates and financial assets, according to the requirements of professional...

This paper examines the regime-switching behaviour of the six major international securitised real estate markets by utilizing the Dynamic Markov-Switching methodology. Using crises-rich sample period of 1993-2010, we find that international securitised real estate returns can be sufficiently...

Managers should invest in assets (i.e. relevant profitable investments) that maximize the value of their firm. Recent trend shows that many large companies have sold or outsourced corporate real-estate assets. The underlying motives for such behaviour are yet to be examined (at least in a French...

The conditions of the residential or commercial real estate rental market in Germany has been changed in the last years for the benefit of the tenants. This causes new challenges for real estate companies with rental core business. They have to react with new sales and marketing strategies,...