Search results

This study presents a structured investigation of the most important causes for delay in commercial real estate transactions. It assesses the potential of digital technologies such as “Blockchain”, “Property Passports” or “Automated Valuation Models” to make transactions faster and cheaper.

The authors conduct a focus group interview to identify the individual steps and the parties involved in real estate transactions. Subsequently, the authors discuss the prospects of digital technologies based on semi-structured interviews with real estate professionals and PropTech executives, and a comprehensive screening of technological solutions offered by PropTech firms.

The lack of an up-to-date, single pool of standardised property information turns out to be the most critical cause for delay in real estate transactions. However, the most promising technologies to mitigate this problem, in particular digital property passports summarising all relevant building information, face substantial barriers to adoption. The real estate industry has so far not been willing to more openly share data, which is a pre-requiste for the successful introduction of property passports. In addition, the principle of caveat emptor makes a lengthy due diligence process essential for buyers.

The authors conclude that industry-wide collaborations are necessary to help major efficiency gaining technologies to break through. Insurance products should accompany property data log books to guarantee the quality of data provided.

This study considers the potential impact of technologies in the wider context of the complete real estate transaction process. It identifies the major phases of that process and the associated bottlenecks. The authors gather evidence both from industry experts and PropTech executives and contrast their views regarding the potential of digital technologies to remove those bottlenecks.

Within the new democracies of Central and Eastern Europe, radical and far‐reaching programmes of reform are taking place. Central to these are the processes of privatisation and decentralisation which require the newly‐created tiers of local government to develop their own sources of locally‐based revenue. The property tax represents what is, from an international perspective, the most important, stable source of revenue for local government. The majority of the new emerging democracies have introduced or are in the process of introducing ad valorem‐based property taxes. This paper begins by focusing on those key elements which are central to the successful implementation of such systems and then gives a brief summary of developments in two transitional countries, namely, Armenia and the Czech Republic.

In this article, the author discusses works from the French Documentation Movement in the 1940s and 1950s with regard to how it formulates bibliographic classification systems as documents. Significant writings by Suzanne Briet, Éric de Grolier and Robert Pagès are analyzed in the light of current document-theoretical concepts and discussions.

Conceptual analysis.

The French Documentation Movement provided a rich intellectual environment in the late 1940s and early 1950s, resulting in original works on documents and the ways these may be represented bibliographically. These works display a variety of approaches from object-oriented description to notational concept-synthesis, and definitions of classification systems as isomorph documents at the center of politically informed critique of modern society.

The article brings together historical and conceptual elements in the analysis which have not previously been combined in Library and Information Science literature. In the analysis, the article discusses significant contributions to classification and document theory that hitherto have eluded attention from the wider international Library and Information Science research community. Through this, the article contributes to the currently ongoing conceptual discussion on documents and documentality.

The purpose of this paper is to explain the rationale for integrating sustainability issues into property valuation theory and practice and to provide initial suggestions for valuers on how to account for sustainability issues within valuation reports.

The authors emphasise the key role of valuation professionals and of the valuation process itself in achieving a broader market penetration of sustainable construction. It is explained that, on the one hand, property valuation represents the major mechanism to align economic return with environmental and social performance of property assets, and thus to express and communicate the advantages and benefits of sustainable buildings. On the other hand, it is explained that gradual changes in market participants' perceptions in favour of sustainable buildings must be reflected within the property valuation and associated risk assessment process (otherwise valuers would produce misleading price estimates). The authors identify both the financial benefits and risk reduction potential of sustainable design as well as valuation input parameters that would allow these benefits to be reflected in property price estimates.

The authors show that the main reasons for immediately and rigorously integrating sustainability issues into property valuation are as follows: more sustainable patterns of behaviour are urgently necessary to sustain the viability of the Earth's ecosystems; a huge untapped market potential exists for sustainable property investment products and consulting services; sustainable buildings clearly outperform their conventional competitors in all relevant areas (i.e. environmentally, socially and financially); neglecting the benefits of sustainable design leads to distorted price estimates; and reflecting sustainability issues in property price estimates is already possible and the validity of this decision depends solely on the valuer's capability and sophistication to explain and justify his/her assumptions within the valuation report. However, it is also shown that efforts need to be undertaken to improve the description of property assets in transaction databases in order to provide the informational databases necessary to empirically underpin a valuer's decision to assign a “valuation bonus” to a sustainable building or a “valuation reduction” to an unsustainable/conventional one.

The paper postulates that valuation reports should be extended to include the following additional elements: a clear description of the availability of certain sustainability‐related property characteristics and attributes; a statement of the valuer's opinion about the benefits of these characteristics and attributes; and a statement of the valuer's opinion about the impact of these benefits and/or risks on property value.

The basic purpose of this paper is to explore the relationship between the sustainability of construction on the one hand and market value, worth and property investment performance on the other hand. This paper aims to analyse price movements and price differences caused by different property characteristics.

Based on the estimated log‐linear hedonic regression model, a hedonic price index is calculated. Price movements subject to different property characteristics are examined by constructing various conditional hedonic price indexes.

The results reveal that, high‐quality flats or flats within preferred locations clearly outperform their competitors in terms of price stability during an overall market downturn. However, it is also shown that contemporary building descriptions or specifications of transactions within property databases are not yet sufficient and need to be widened to meet forthcoming challenges. Therefore, an “integrated building performance approach” is introduced and a proposal for the step‐wise improvement of building descriptions is made.

The paper shows that efforts need to be undertaken by the property profession in combining and transferring financial performance data along with information that is indicative of a building's contribution to sustainable development.

The paper offers insights into the relationship between the sustainability of construction and market value.

This paper aims to analyse a new piece of Dubai legislation, Dubai Law No. (4) of 2016: The Dubai Economic Security Centre (DESC) Law, in respect of its role and impact on economic crime mitigation in the emirate and in the country as a whole.

The jurisdiction’s various risks and vulnerabilities were examined to determine weaknesses and gaps in the current legislative and regulatory framework.

The findings highlight that despite numerous legislative efforts targeting economic crime, bringing economic criminals to justice has remained an issue in Dubai. Creation of the Dubai Economic Security Centre (DESC) may mark a significant change in that emirate’s approach to tackling this issue.

Though the DESC itself is (as of this writing) still in a formative state, it is clearly intended to be a comprehensive response to expedite and streamline investigative processes and mitigate the multi-jurisdictional problems with which law enforcement has hitherto contended.

The DESC is also intended to serve not only as an informational clearinghouse but also as an organisational entity with significant roles in law enforcement and even legislation.

Regardless of its ambitious and promising results, the effectiveness of its organisational structure and performance is yet to be determined.

This research can be beneficial for the government officials in charge of establishment and launch of the DESC, as well as for future research as it points to its potential ambiguities and misinterpretations.

The purpose of this paper is to describe cyber crime and techniques adopted for combating it in Nigeria.

Reviews the state of cyber crime in Nigeria, and how it is being stemmed in the country.

The types of cyber crime in Nigeria are revealed together with the efforts geared towards combating/preventing cyber crime in the country. The paper also draws attention to the possibility of libraries that offer public internet access service being victims of cyber crime as well as unknown perpetrators. The paper recommends how cyber crime can be brought under control.

It reveals factors that contribute to perpetration of cyber crime in Nigeria and efforts being made to combat it. This will enable various countries, in developing and developed world, to be sensitized to the menace of cyber crime and take relevant steps to fight against it.

This paper aims to provide a business plan for libraries to offer profitable passport services to patrons.

Gives an overview of demographic, financial, and management profiles of California libraries that offer passport services. Presents a plan for introducing passport service in two California libraries.

Current political and demographic environments for the two libraries make the introduction of passport services a potentially lucrative opportunity.

Little to no correlation was found between patron demographics of libraries currently offering passport services and the amount of revenue the services produce.

Passport services may provide libraries a simple but effective way to supplement their budgets.

Suggests an innovative way for libraries to increase relevance to patrons through services as well as create a stable funding source.

Introduces the Passport for Windows OCLC Macro Language (OML), and its ability to automate repetitive user activities in communications sessions. Presents sample macros which illustrate some of OML’s functionality and capabilities. Describes the basic steps for creating, editing, and running macros in Passport for Windows. Highlights the advantages of writing macros in OML, a true programming language.

Nowadays, the use of forged e-passport is increasing, which is threatening national security. It is important to improve the national security against international crime or terrorism. There is a weak verification process caused by lack of identification processes such as a physical check, biometric check and electronic check. The e-passport can prevent the passport cloning or forging resulting from the illegal immigration. The paper aims to discuss these issues.

This paper focuses on face recognition to improve the biometric authentication for an e-passport, and it also introduces facial permanent mark detection from the makeup or cosmetic-applied faces, twins and similar faces. An algorithm is proposed to detect the cosmetic-applied facial permanent marks such as mole, freckle, birthmark and pockmark. Active Shape Model into Active Appearance Model using Principal Component Analysis is applied to detect the facial landmarks. Facial permanent marks are detected by applying the Canny edge detector and Gradient Field Histogram of Oriented Gradient.

This paper demonstrated an algorithm and proposed facial marks detection from cosmetic or makeup-applied faces for a secure biometric passport in the field of personal identification for national security. It also presented to detect and identify identical twins and similar faces. This paper presented facial marks detection from the cosmetic-applied face, which can be mixed with traditional methods. However, the use of the proposed technique faced some challenges due to the use of cosmetic. The combinations of the algorithm for facial mark recognition matching with classical methods were able to attain lower errors in this proposed experiment.

The proposed method will enhance the national security and it will improve the biometric authentication for the e-passport. The proposed algorithm is capable of identifying facial marks from cosmetic-applied faces accurately, with less false positives. The proposed technique shows the best results.