Emerald Group Publishing Limited
Copyright © 2011, Emerald Group Publishing Limited
Article Type: Editorial From: Property Management, Volume 29, Issue 4
The fourth issue of Property Management for 2011 offers a very diverse range of research papers once again from all corners of the world. I am very pleased that over the past year the journal has been able to significantly increased the number of papers being submitted for review and has attracted researchers form a number of countries and research institutions which have not previously been published in Property Management. It is rewarding to see that issues faced by property managers around the world are not that different and that we can all share our research and practical experience through the journal. I would also like to thank all those supporters of Property Management that participated in the Australian Government’s, Excellence in Research for Australia exercise which invited public comment on the ranking of research journals. Thank you to all those who took the time to make a submission in support of Property Management, I am hopeful that with this support the journal will be ranked as “A” when the 2012 ranking are published. Currently Property Management is ranked as a “B” which in itself is a good ranking and recognises the quality of the research published.
This issue has the usual five research papers and as indicated above these come from very different parts of the world and include two papers from Australia, and one each from Asia, Europe and Africa.
The first paper comes from research undertaken at the University of Melbourne and provides an in-depth analysis of the financing of housing markets and reflects on the changes brought about by the Global Financial Crisis of 2008 and the presence seasonal cycles in the market. The second paper in this edition is a case study that examines multi-storey residential apartment management in Hong Kong. The issues faced by property managers working within one of the world most densely populated cities provides many challenges and this paper reveals some of the strategies utilised to enlist homeowner participation in the management process.
The third paper, by Kupke and Rossini examines an issue that is faced in many of the large cities around the world, that of housing affordability and in particular the impact of high housing costs compared to income which presents a particular barrier to home ownership for first time buyers trying to enter the market. The paper while focused on the Australian market offers some insight into government strategies to try to alleviate the pressure on the housing stock and ever increasing house prices. Paper four reports on research undertaken at the Delft University of Technology in The Netherlands. This paper, like the previous paper, examines the issues surrounding the provision of sufficient and affordable housing. This paper examines government’s role and that of the non-government, not for profit sector in developing and managing social housing projects. The paper discusses the strategic planning process and provides a model for development of social housing.
The final paper for this issue comes from Covenant University in Nigeria. This paper examines the difficulties faced by residential property managers in Nigeria in securing good quality tenants for investment properties. The paper reports on a survey of managing agents in Nigeria and establishes a ranking of the major factors that influence the decision to accept or reject a tenancy application. The paper draws on similar research from a number of regions around the world and compares and contrasts this research with the experience of managers in this region of Africa.
I hope that the collection of papers in this edition provides both an academic analysis of property and market transactions as well as some practical tools that can be employed by professionals when evaluating property transactions. Please remember your feedback is always welcome.
Clive M.J. Warren