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Mar 3, 2017 · However, there are are 4 factors that are generally accepted by investors, professionals, and academics as economic characteristics of land. 1) Scarcity. Scarcity when it comes to real estate, describes a geographic area of land where there is high demand but low supply.
functioning of urban real estate markets. As such, it first reviews the fundamental concepts of demand, supply, prices, and price adjustments, then expands on how they apply to real estate, and finally elaborates on their relevance to market analysis.
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Depreciation - Loss of value in real property brought about by age, physical deterioration, or functional or economic obsolescence. Descent - When an owner of real estate dies intestate, the owner’s property descends, by operation of law, to the owner’s distributees.
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Jan 23, 2015 · While real estate cycles can have economic and social costs, policies to limit cycles also have costs. Raising interest rates to cool an impending real estate boom can slow the entire economy, for example, leading to lower economic growth and a decline in investment. The outcomes of this research include recommendations for better market data ...
Dec 17, 2012 · Real Estate Economics: A point-to-point handbook introduces the main tools and concepts of real estate (RE) economics. It covers areas such as the relation between RE and the macro-economy, RE finance, investment appraisal, taxation, demand and supply, development, market dynamics and price bubbles, and price estimation.
- Nicholas G Pirounakis
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Mar 18, 2016 · The concept of market value is central to the functioning of real estate markets, and the market economies that depend upon them. The second thematic issue is an examination of the role of theory in the construction of meaning and explanation.
Jan 1, 2013 · Abstract. This chapter presents a comprehensive review of the fundamental concepts regarding real estate and housing markets. It aims firstly to provide an overview of the specific features of real property in general and housing in particular that make property a unique and multidimensional “good.”.
