Search results for "Capitalization rate"
showing 7 items of 7 documents
Cap Rate as the Interpretative Variable of the Urban Real Estate Capital Asset: A Comparison of Different Sub‐Market Definitions in Palermo, Italy
2017
Real estate capital is in constant competition with other capital assets due to its different and complementary economic functions such as direct use, productive investment, and speculative investment. These features and the resulting opportunities cannot be easily deduced from direct observation of the real estate markets, so some further insights need to be carried out in order to highlight the relationship between prices, rents and performances. This study aims at providing a multifaceted perspective of a specific urban real estate market to overcome the difficulties arising from opacities and informative asymmetries that hinder the decision of investors, by facilitating the comparison o…
Automatic research of the capitalization rate for the residential automated valuation: an experimental study in Cosenza (Italy).
2017
When a market oriented approach is not applicable because of the lack of comparable sales data (Ciuna et al. 2014a), International Valuation Standards suggest the use of the Income Approach, which has the task of simulating the market through an economic and financial scheme. The central question of this approach is due to the quantification of the capitalization rate, whereas it is generally extracted in a market segment different from that of the subject. This paper intends to propose an automated valuation model of the capitalization rate based on a real estate database built through a computerized geocoding automatic procedure, starting from the application of statistical models of mult…
Financing Model Optimization of Lanzhou Yatai Group Real Estate Project
2014
Lanzhou Yatai Group, as the first listed real estate companies, occupies absolute advantage in the competition of the industry. Especially because of Lanzhou National Economic Development District, Yaitai Group focuses Lanzhou new area asthe target of the advantages and great location. With the business development and planning, the company will also create Lanzhou Yaitai Group Technology Headquarters before 2016, and also will be followed by the huge business opportunities in the real estate industry driven by the financial industry, service industry, catering industry, and the education industry as well. At the same time, the asset number of investment companies in the new district has re…
The Convenience of Applying Multilevel Modeling on Real Estate Valuation
2015
There are many economic agents interested in valuing big amounts of real estate assets. One of these agents are the financial institutions, which must value their vast mortgage portfolios periodically. In this paper we analyze the use of the Hierarchical Linear Model to value real estate portfolios. This model gives valuable information compared with the traditional OLS models and is more accurate, as it takes into account the hierarchical structure of the data. DOI: http://dx.doi.org/10.4995/ICBM.2015.1314
Valutazione multicriteriale del saggio di capitalizzazione per la revisione del catasto degli immobili urbani - Capitalization rate multidimensional …
2013
The new revision of the land register is intended to give each real estate unit an assessed value which approximates the market value. The provided approach has statistical nature. However, in the absence of a well-established market, the coming reform requires the use of the indirect estimation procedure.This paper proposes a method for estimating the capitalization rate that could usefully be applied in mass appraisal. The proposed model for the evaluation of the capitalization rate is intended as an alternative to traditional inferential processes that apply in real estate market. It can be used even in market segments that are not enough active and does not require the use of technical …
Ricerca del saggio di capitalizzazione nel mercato immobiiare
2011
In the search of capitalization rate, the international valuation standards impose the reference to the data and the information of real estate market of the same segment or, very probably, in similar segments of the property being appraised. In this last case with adjustments of rents and market prices. The adjustments don’t concern the capitalization rate but rents and prices. Accordingly capitalization rate cannot be obtained by the rate other than real estate investments, for instance financial, because a property market segment, where data can be collected, always exists.
Axiology of the historial city and the cap rate. The case of the old town of Ragusa Superiore
2017
Il contributo affronta il tema del ruolo che il mercato immobiliare assume nei processi di valorizzazione dei tessuti urbani storici nella logica dell’approccio al valor capitale. L’articolazione, eterogeneità e multi-contestualità del patrimonio immobiliare della città storica, la molteplicità delle relazioni tra valori e prezzo, la complessa dialettica fondo/flusso, l’eterogeneità dei profili dei soggetti economici che interagiscono nel mercato, danno vita ad un assortimento di approcci all’investimento immobiliare che in questo contributo, attraverso l’analisi del saggio di capitalizzazione si intendono rappresentare. La convergenza tra valori di contesto e potenzialità inespresse da una…