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Market research
Published in Richard Reed, Property Development, 2021
There are different types of market analysis possible including economic base analysis, marketability studies, investment analysis and feasibility analysis. The rapidly growing area of property market research embraces a number of different specialisms including information and database services, strategic and site-specific analysis, forecasting and portfolio analysis. This is a very specialised area and has substantially increased in importance due to its recognised potential contribution towards reducing exposure to future risk for the real estate developer. While significant advances have been made in the availability of property market information, a number of major gaps still exist and the benefits from conducting detailed (and often expensive) research are often underestimated. For example the application of GIS mapping in the real estate market allows the analysis of increasingly sophisticated and widely available data, however relatively few developers take the time to model the locational attributes and thematic mapping implications associated with their potential real estate development (Reed and Pettit 2018).
Practical application of project financing of housing construction in Russian Federation
Published in Evgeny Rybnov, Pavel Akimov, Merab Khalvashi, Eghiazar Vardanyan, Contemporary Problems of Architecture and Construction, 2021
The following links can be distinguished in project financing: “Buyer – Bank”: transfer of funds for the apartment. The funds are frozen in an escrow account until the construction is completed (neither bank nor real estate developer can use them).“Buyer – Real Estate Developer”: conclusion of a shared construction contract with the developer.“Bank – Buyer”: mortgage loan granting; transfer of funds for the apartment from the escrow account in case of developer’s bankruptcy.“Bank – Real Estate Developer”: special-purpose loan granting; stage-by-stage funding of the construction facility and control of expenditure under the project financing agreement; transfer of funds from the escrow account after the facility is commissioned (permit for commissioning is obtained).“Real Estate Developer – Bank”: payment of the principal amount of the special-purpose loan immediately after the loan is provided; payment of the interest on the special-purpose loan after the withdrawal of funds from escrow accounts.“Real Estate Developer – Buyer”: transfer of the completed apartment.
Retrofitting of existing structures by advanced analysis
Published in Günther Meschke, Bernhard Pichler, Jan G. Rots, Computational Modelling of Concrete and Concrete Structures, 2022
S. Van Hout, T. Molkens, M. Classen, E. Verstrynge
Questions arose about the bearing capacity of the slabs in ambient under fire conditions. The building was constructed before the actual fire regulation, but the real estate developer wanted to meet the latest requirements. By means of the thermo-plastic FEA software SAFIR® developed at the University of Liège (Franssen & Gernay 2017), mechanical response in service, ultimate, and fire limit state has been assessed. For model validation, load tests (up to 80 cm of water) have been performed with the aid of swimming pools, see Figure 6.
Barriers to the implementation of POE practices in the Saudi Arabian building industry
Published in Architectural Engineering and Design Management, 2020
Mohammad A. Hassanain, Abdullah Alamoudi, Abdul-Mohsen Al-Hammad, Abdullatif Abdallah
The following activities were undertaken to achieve the objectives of the study: Conducting a thorough literature review to identify the key barriers to POE implementation in the Saudi Arabian building industry. A total of 27 barriers were identified.Preparing a questionnaire survey instrument to be employed in the assessment of the identified 27 barriers, which were divided into five categories, on the basis of common themes shared by the barriers under each category. The purpose of this categorization was to facilitate the process of analyzing the findings.Conducting a pre-testing of the questionnaire survey with five professionals involved in the building industry, namely, an architectural engineer (A/E), a construction engineer (CE), a real estate developer (RED), a facility manager (FM), and an owner. This wide spectrum of stakeholders was selected due to their various roles in the successful realization of building projects. The pre-testing aimed to refine the questionnaire survey in terms of clarity of language and validity of identified barriers, and confirm the relevancy of the barriers under the identified five categories.Administering the final version of the questionnaire survey to a sample of 150 professionals involved in the building industry of Saudi Arabia. The authors purposefully divided the professionals into five classes, corresponding to the five disciplines that usually interface with the practice of POE, namely, A/Es, CEs, REDs, FMs, and owners. Thus, 30 responses for each of the five disciplines were sought. The intention of having an equal distribution of professionals, representing each discipline was to ensure a balanced viewpoint of the barriers to POE implementation. Through an exploratory study, the authors adopted purposive and convenience sampling by targeting 30 professionals in each group, as a minimum sample size to ensure the reliability of the findings, as per Kissi, Adjei-Kumi, Badu, and Boateng (2017). Therefore, the response rate was 100%.Analyzing the retrieved responses in order to determine the level of significance of each of the identified barriers. In addition, conducting a test of agreement to measure the agreement level of the different disciplines.Arranging a group discussion with five groups of professionals, each consisting of five members, representing each of the five disciplines, to further discuss and derive insights from the findings of the questionnaire survey.Developing recommendations for overcoming the most significant barriers to POE implementation.