Volume 23 (2015): Issue 2 (June 2015)

Real estate management activities evolved with the development of the real estate industry, the needs of property investors and general changes in the market environment. Today, these activities require a comprehensive approach on the one hand, but on the other, are more and more specialized. The paper presents an integrated view of real estate management on the example of a multidimensional basic concept of real estate management developed under German market conditions. Detailed analysis of this concept was preceded by a review of approaches to real estate management made on the basis of literature and own research. It was on this basis that opportunities and application fields of the integrated model of real estate management in Polish market conditions were characterized. The presented concept can be used both as a raster to harmonize real estate management activities and tasks in business practice, as well as a classification scheme for the evaluation of scientific research. This concept is an important step on the way to structuring and organizing real estate management as a professional service according to the indications of management science.

The paper deals with the introductory analysis of the real estate market of a suburban commune located near a big (voivodeship capital) city. The analysis is based mainly of the cartographic method of research. Besides data mining and preparation, maps play an important role here, presenting values acquired directly from the register of notarial deeds of estate sales and purchases, as well as values resulting from statistic computation, for example mean values of area or price, absolute numbers of transactions or real estate type. The spatial factor is also taken into consideration when it comes to more complex or specific analyses. The influence of distance understood as a metric and time factor, as well as regression analysis results are also visualized on maps. Such presentation is a good step towards advanced analyses providing maps are prepared according to the rules of cartography. The paper stresses that a map can be a great tool in aiding every stage of research, but may also cause misinterpretations and false conclusions when at least basic rules are not complied with.

The article pertains to the issue of subject translocality on the real estate market and indicates the scope of its practical application connected with determining the level of the economic development of voivodeships. The issue of real estate market subject translocality was analyzed on the basis of a review of literature connected with the locality of the real estate market in its subject plane, as well as by setting apart a category referring to the subject plane of the real estate market. The work is of an empirical nature. In this part, coefficients of real estate market subject translocality were used in order to assess the level of development of individual voivodeships. Cluster analysis was also used in order to establish the groups of voivodeships similar in terms of the level of real estate market subject translocality.

Recently, it has become popular to streamline the way of managing territorial units by adapting the marketing approach to a territorial dimension. The majority of cities and communes in Poland have realized that, in order to achieve their set goals under conditions of fierce competition for limited resources, it is necessary to introduce territorial marketing as one of the key and significant own tasks to be implemented. The objective of the article is to develop principles of the effective use and management of the area of a commune by carrying out suitable marketing projects, based on an analysis of the social, economic and geopolitical situation of the commune, with particular emphasis placed on location factors.

Effective real estate management practice is needed to ensure that the property in Malaysia, including public schools, can be fully utilized. The purpose of this study is to identify the success factors of the real estate management of Malaysia’s public schools. To achieve this aim, a questionnaire was developed as a research tool. The respondents involved were representatives of public schools and officers from the state education department offices (on the basis of whom the total population was calculated) in Pulau Pinang, Malaysia. The respondents were chosen using a random sampling method. The success factors of managing property in public schools were identified by Exploratory Factor Analysis (EFA), using the principals of component analysis, the t-test, Cronbach’s alpha and mean analysis. The findings show that the majority of the respondents agreed that all of the listed 18 success factors within the 4 main factor groups as addressed in the survey are important for the efficient and effective improvement of real estate management, especially in Malaysian public schools.

In the process of real estate evaluation, there are many important elements that should be taken into consideration: for example the type of property which is under evaluation, real estate market analysis, and the selection of appropriate evaluation approaches, methods and techniques. In each of the approaches, different parameters are important. Most importantly, however, is the appropriate selection and identification of real estate characteristics, both physical and economic, as well as the determination of the importance of these qualities so that, when necessary, it will be possible to make the appraisal and select those characteristics which have the greatest impact on value of property.

To acquire information about real estate, one can analyze data from multiple sources of information, such as: the land and mortgage register, land and buildings register, local town and country planning, industry data and other. Integrating data from all these sources allows comprehensive and up-to-date knowledge on the assessed property to be developed.

One of best sources of data describing the characteristics of real estate is remote sensing. This method offers a high spectrum of information and, therefore, allows a wide range of analyses. As a result, one can obtain highly accurate facts about the property. Remote sensing data, however, are not a panacea for all problems and have some limitations that determine their applicability.

This paper describes the possibilities of specifying some characteristics of the property under appraisal based on remote sensing data. For this purpose, the qualitative - quantitative analysis of the four most "common" types of remote sensing data were made, along with determining selected characteristics of 30 properties located in the Warsaw - Bemowo suburb area.

The results of this research made it possible to answer the question of whether it is practicable and, if so, to what extent, to use remotely sensed data as the basis for determining the characteristics of a property as well as connecting the types of data to individual properties. The paper focuses on defining the characteristics of two kinds of real estate: land and buildings.

In this paper, the specificity of release and transformation processes of real estate markets in two postsocialist bloc countries, i.e. Bulgaria and Poland, was diagnosed. Comparative analysis of the conditions and directions of change was used as a tool to clarify the current situation, current status and characteristics of these markets. Comparison of Poland and Bulgaria also indicates the prospects for the development of real estate markets. The article is an attempt at assessing the condition and evolutionary progress of the residential segment. The authors also selected obstacles and factors promoting the development of real estate markets in the analyzed countries. This will either enable the critical assessment of changes observed in the past, or prove helpful in the context forecasting market phenomena.

Currently, real estate located in rural areas neighboring cities are under pressure to become a location for the realization of urban and metropolitan projects. Thus, spatial conflicts are an inherent characteristic of modern urban development. Such conflicts vary in terms of the scope, intensity and course they take. An interesting case illustrating the given issue can be the conflict over real estate owned by the State Treasury (central authority) and localized within the power of local authorities (gminas). Such a situation requires mediating and producing an outcome that satisfies the goals of both sides. The authors based the deliberations on the topic of spatial conflicts on the example of the relation between the Agricultural Property Agency division in Olsztyn (APA Olsztyn) and the smallest local administration units (gminas) located within the borders of the Warmia-Masuria (Województwo Warmińsko-Mazurskie) and Podlasie (Województwo Podlaskie) Provinces. The aim of the research was to describe the background for potential conflict and to study its proceedings. The aim was achieved through studies of relevant literature and data analysis.

The regularities and relations between real estate prices and the factors that shape them may be presented in the form of statistical models, thanks to which the diagnosis and prediction of prices is possible. A formal description of empirical observation presented in the form of regressive models also offers a possibility for creating certain phenomena in a virtual dimension. Market phenomena cannot be fully described with the use of determinist models, which clarify only a part of price variation. The predicted price is, in this situation, a special case of implementing a random function. Assuming that other implementations are also possible, regressive models may constitute a basis for simulation, which results in the procurement of a future image of the market.

Simulation may refer both to real estate prices and transaction prices. The basis for price simulation may be familiarity with the structure of the analyzed market data. Assuming that this structure has a static character, simulation of real estate prices is performed on the basis of familiarity with the probability distribution and a generator of random numbers. The basis for price simulation is familiarity with model parameters and probability distribution of the random factor.

The study presents the core and theoretical description of a transaction simulation on the real estate market, as well as the results of an experiment regarding transaction prices of office real estate located within the area of the city of Olsztyn. The result of the study is a collection of virtual real properties with known features and simulated prices, constituting a reflection of market processes which may take place in the near future. Comparison between the simulated characteristic and actual transactions in turn allows the correctness of the description of reality by the model to be verified.