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In recent decades, institutional investment has become increasingly focussed on residential property in the United Kingdom, reflecting interest in what was previously…
In recent decades, institutional investment has become increasingly focussed on residential property in the United Kingdom, reflecting interest in what was previously considered an “alternative” asset class, but is now an evolving and ever more complex sector. This short thought piece considers how such processes may be understood through investment-related research.
The UK residential market has experienced substantial capital inflows in the wake of the global financial crisis. This reflective piece suggests there is a need for more research into residential real estate as an institutional asset class to further unpack and understand shifting market dynamics within the United Kingdom. It offers insight into evolving market trends across a diverse range of investors and market sub-sectors.
This paper considers the diverse research opportunities within the residential investment markets, including, but not limited to, the private rented sector, build-to-rent and purpose-built student accommodation, presenting opportunities for burgeoning research.
The viewpoint suggests how this research lacuna may be bridged through additional research in not just the UK residential market, but also how investors may further integrate and operationalise UK residential assets in diversified or specialised investments, from domestic to international propositions. The suggested research agenda promotes enhanced understandings of residential markets and processes driving investment decision-making.
As the integration of residential property into vehicles such as Real Estate Investment Trusts, private equity funds and managed multi-asset portfolios continues to increase, there is an amplified need to understand the market context in which such investment flows occur, including the potential impact of COVID-19, Brexit and the cyclical evolution of real estate markets more broadly.
Vertical urban settlements are becoming the predominant form of contemporary urban design in response to population increase and rapid urbanization. These developments…
Vertical urban settlements are becoming the predominant form of contemporary urban design in response to population increase and rapid urbanization. These developments are, however, perceived to be poorly designed and incongruent with the users’ needs. The purpose of this study was to present a resident satisfaction assessment of Hong Kong’s vertical settlements.
A review of the literature was conducted on the concept of vertical urbanism, residential satisfaction and postoccupancy evaluation. Fifty performance indicators were classified into three groups including indoor environment, safety and maintenance; furniture, utilities and spaces; and privacy, appearance and city life. These indicators were used to develop a Web-based questionnaire administered to residents in the three administrative regions of Hong Kong. Ninety-eight respondents participated in the study, and the results were analyzed using the resident satisfaction index and the overall satisfaction index. A multilinear regression analysis was also made to develop a model describing the most relevant performance indicators for determining the overall residential satisfaction.
The results revealed that residents expressed dissatisfaction with performance indicators, including “level of noise generated from outside the building (neighboring buildings, traffic, noise, etc.),” “variation and stability of indoor temperature,” “sustainable design of the building’s environment (cyclability, walkability, electric charging stations, etc.),” “availability and capacity of car parking,” “size and adequacy of spaces for social interaction” and “considerations for occupants with special needs (disabled, aged people, children, occupants with a medical condition, etc.).” The results also revealed that some indicators such as the maintenance of elevators, adequate interior space and surrounding areas were considered as significantly influencing residential satisfaction. Similarly, the building height and wind-induced motion were not significantly influencing residential satisfaction. The results also revealed that a multilinear Regression model with five variables and an adjusted R2 value of 93% could estimate the overall residential satisfaction.
The concept of vertical urban design is the new paradigm in the shaping of future cities. The originality of this study is its adoption of post-occupancy evaluation to assess occupants’ residential satisfaction. As well as the determination of factors that should inform the planning, design and management of vertical urban settlements. Thus, the study has significant implications for research in vertical urban development, as well as the professional practice of building and urban planners, designers and managers.
As an important indicator of the quality of life of individuals, residential environments are continuing to evolve, due to the rapidly changing production–consumption…
As an important indicator of the quality of life of individuals, residential environments are continuing to evolve, due to the rapidly changing production–consumption relations. However, in this evolving process, the effect of the differentiated residential environments on the individuals' residential satisfaction remains unclear. This paper aims to measure the effects of the varying residential environments on the overall quality of urban life (QoUL) in Kayseri, one of the most developed cities in Central Anatolia.
It is based on empirical data on the quality of life in the different residential environments of Kayseri. The research method used stratified purposeful sampling, and the household survey data were analyzed using factor analysis, multiple regression and ANOVA statistical methods.
The most influential factors on the overall QoUL of individuals living in different Kayseri residential neighborhoods were satisfaction with neighborhood and city-level urban services, neighborhood relations and belonging factor groups. The critical finding obtained in this study is that residential satisfaction in low-rise and compact form housing areas in Kayseri is higher compared to residential satisfaction in high-rise neighborhoods. This result reveals that the high-rise building typology that is dominant in Turkey's big cities should be seriously questioned, and urban development policies should be re-evaluated.
The study was designed to produce baseline data so that future changes in residential conditions as perceived by the residents of Kayseri could be monitored to support decisions for residential areas.
Comparative case studies, particularly on low-rise versus high-rise environments, are scarce. As a result, this research contributes to the field of comparative studies on residential environments.
In order to ensure the public safety of residential areas, starting with the urban public safety of Xi'an, the construction environment of defense safety, fire safety and…
In order to ensure the public safety of residential areas, starting with the urban public safety of Xi'an, the construction environment of defense safety, fire safety and traffic safety, and the public safety environment of residential areas are investigated. According to the characteristics of housing in Xi'an planned economy era and market economy era, the existing situation is analyzed from the aspects of overall planning layout, road traffic space, building monomer, public activity space, greening space, and lighting facilities. Based on the analysis results, the principles of planning and design of public safety space environment in Xi'an residential areas are put forward. The planning and design methods of residential space environment are discussed and studied in detail from the aspects of residential defense safety, fire safety, and traffic safety, so as to provide reference for the planning and design of urban residential safety and to create a safe, healthy and harmonious living environment for residents.
Purpose – This chapter presents information about the residential patterns and reported segregation or discrimination of Latinos in the greater Washington, DC…
Purpose – This chapter presents information about the residential patterns and reported segregation or discrimination of Latinos in the greater Washington, DC, metropolitan region. The author provides definitions, associated concepts, causes and consequences, selected data findings, and a historical and demographic overview of the Latino population in the region.
Methodology/approach – A literature review of scholarly articles from the social sciences, policy reports, census data, and other public use data, and other publications.
Findings – Data from the Harvard University DiversityData Project (2012) reveals evidence of Hispanic residential segregation throughout the Washington, DC, metropolitan region. In addition, Hispanic children are more racially isolated, have less exposure to Whites, and are more densely populated and residentially clustered in the region.
Research limitations/implications (if applicable) – This chapter does not present new research or original evidence about residential patterns, residential segregation, or housing discrimination among Latinos in the greater Washington, DC, metropolitan region.
Practical/social implications – The prevalence of residential discrimination, segregation and its impact on the restricted residential patterns, social mobility, and isolation of Latinos is a regional and national social problem. The greater Washington, DC, region will continue to receive Latino newcomers who will disperse into areas where they have not resided before. The ways in which they and their families are received and treated by their neighbors can provide context into race relations in a so-called post-racial America.
Originality/value of chapter – The residential patterns of Latinos in the greater Washington, DC, metropolitan region and evidence of the segregation and discrimination they have encountered caution us to examine how segregation perpetuates disadvantage, inequality, racialization, social distance, and other kinds of discrimination. Whether residential segregation is voluntary or involuntary, its remnants are a visceral force that cannot be ignored.
This paper introduces a behavioral framework to model residential relocation decision in island areas, at which the decision in question is influenced by the…
This paper introduces a behavioral framework to model residential relocation decision in island areas, at which the decision in question is influenced by the characteristics of island regions, policy variables related to accessibility measures, and housing prices at the proposed island area, as well as personal, household (HH), job, and latent characteristics of the decision makers.
The model framework corresponds to an integrated choice and latent variable (ICLV) setting where the discrete choice model includes latent variables that capture attitudes and perceptions of the decision makers. The latent variable model is composed of a group of structural equations describing the latent variables as a function of observable exogenous variables and a group of measurement equations, linking the latent variables to observable indicators.
An empirical study has been developed for the Greek Aegean island area. Data were collected from 900 HHs in Greece contacted via telephone. The HHs were presented hypothetical scenarios involving policy variables, where 2010 was the reference year. ICLV binary logit (BL) and mixed binary logit (MBL) relocation choice models were estimated sequentially. Findings suggest that MBL models are superior to BL models, while both the policy and the latent variables significantly affect the relocation decision and improve considerably the models' goodness of fit. Sample enumeration method is finally used to aggregate the results over the Greek population.
Medical and legal records of 64 inmates receiving mental health services at a maximum-security prison located in the Northeast United States were examined to look at…
Medical and legal records of 64 inmates receiving mental health services at a maximum-security prison located in the Northeast United States were examined to look at whether prison adjustment is impacted by housing in a mental health residential treatment unit. Inmates in the residential treatment unit, the “treatment group” had a significant decrease in hospitalizations and disciplinary reports while housed in the residential treatment unit. Inmates with a mental health history housed in the general population, the “control group,” did not show a decrease in these behaviors during a similar time period. Results find that inmates referred to the residential treatment unit seem to have high numbers of hospitalizations and segregations while housed in the general population, which level off and become similar to the control group upon entry to the residential treatment unit. Implications for future research evaluating the impact of the residential treatment unit on the behavior of the inmate after he has left the unit are discussed.
Adolescence has traditionally been considered a time of substantial turmoil in the life course, as youth struggle with establishing self-images, finding appropriate and…
Adolescence has traditionally been considered a time of substantial turmoil in the life course, as youth struggle with establishing self-images, finding appropriate and supportive peer groups, and begin their psychological, emotional, and, in some cases, physical separation from their parents. Among the many factors that have been thought to exacerbate adolescent adjustment during this often-difficult period are residential mobility and the school changes that frequently accompany these geographic relocations. Numerous recent studies have found statistically significant and substantively important effects of residential mobility and school changes on problematic adolescent behaviors. Although the observed strength of the association varies across studies and outcomes, recent investigations have reported significant effects of residential mobility and/or school changes on poor academic performance (Ingersoll, Scamman, & Eckerling, 1989; Kerbow, 1996; Pribesh & Downey, 1999), school dropout and low educational attainment (Astone & McLanahan, 1994; Entwisle, Alexander, & Olson, 1997; Hagan, MacMillan, & Wheaton, 1996; Haveman, Wolfe, & Spaulding, 1991; McLanahan & Sandefur, 1994; Rumberger, 1995; Swanson & Schneider, 1999; Teachman, Paasch, & Carver, 1996), drug and alcohol abuse (Hoffman & Johnson, 1998), risky sexual activity, including early sexual initiation and numerous sex partners (Baumer & South, 2001; Stack, 1994), premarital childbearing (South & Baumer, 2000; Sucoff & Upchurch, 1998), and other behavioral problems (Tucker, Marx, & Long, 1998; Wood, Halfon, Scarlata, Newacheck, & Nessim, 1993).
This research explores perceptions of knowledge management processes held by managers and employees in a service industry. To date, empirical research on knowledge…
This research explores perceptions of knowledge management processes held by managers and employees in a service industry. To date, empirical research on knowledge management in the service industry is sparse. This research seeks to examine absorptive capacity and its four capabilities of acquisition, assimilation, transformation and exploitation and their impact on effective knowledge management. All of these capabilities are strategies that enable external knowledge to be recognized, imported and integrated into, and further developed within the organization effectively. The research tests the relationships between absorptive capacity and effective knowledge management through analysis of quantitative data (n = 549) drawn from managers and employees in 35 residential aged care organizations in Western Australia. Responses were analysed using Partial Least Square-based Structural Equation Modelling. Additional analysis was conducted to assess if the job role (of manager or employee) and three industry context variables of profit motive, size of business and length of time the organization has been in business, impacted on the hypothesized relationships.
Structural model analysis examines the relationships between variables as hypothesized in the research framework. Analysis found that absorptive capacity and the four capabilities correlated significantly with effective knowledge management, with absorptive capacity explaining 56% of the total variability for effective knowledge management. Findings from this research also show that absorptive capacity and the four capabilities provide a useful framework for examining knowledge management in the service industry. Additionally, there were no significant differences in the perceptions held between managers and employees, nor between respondents in for-profit and not-for-profit organizations. Furthermore, the size of the organization and length of time the organization has been in business did not impact on absorptive capacity, the four capabilities and effective knowledge management.
The research considers implications for business in light of these findings. The role of managers in providing leadership across the knowledge management process was confirmed, as well as the importance of guiding routines and knowledge sharing throughout the organization. Further, the results indicate that within the participating organizations there are discernible differences in the way that some organizations manage their knowledge, compared to others. To achieve effective knowledge management, managers need to provide a supportive workplace culture, facilitate strong employee relationships, encourage employees to seek out new knowledge, continually engage in two-way communication with employees and provide up-to-date policies and procedures that guide employees in doing their work. The implementation of knowledge management strategies has also been shown in this research to enhance the delivery and quality of residential aged care.
The paper aims to examine the influence of urban violence on residential property rental value in Kaduna metropolis. This is motivated by the spate of insurgency and the…
The paper aims to examine the influence of urban violence on residential property rental value in Kaduna metropolis. This is motivated by the spate of insurgency and the attendant destructions of land and properties in the past few years in the study area.
This paper adopted a survey of key sites of urban violence and also a total enumeration of all the 67-estate surveying and valuation firms in the study area to elicit from them vital information on trends on rental from 2011 to 2019. The data obtained were analyzed using both descriptive and inferential methods of statistical analysis.
The result of this study revealed that among other sources of urban violence, violence fueled by ethnic affiliations/convictions is the only significant factor that influenced rental value of residential property in the study area. The regression analysis shows that ethnic violence accounted for 21.6% of the variability observed in residential property rental value over the period of study. Furthermore, the correlation result showed that ethnic violence is negatively correlated (−0.458) and significantly related to residential property rental value.
This study concluded that the emergence of urban violence in Kaduna metropolis contributed to a fall in the rental value of residential property in the study area. This study thus suggested policy directions that could engender harmonious coexistence among different ethnic groups in the study area.
This study is expected to enhance improvement in residential property rental value in Kaduna metropolis through increase assurance to security of lives and property.