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Article
Publication date: 13 February 2024

Marcelo Cajias and Anna Freudenreich

This is the first article to apply a machine learning approach to the analysis of time on market on real estate markets.

Abstract

Purpose

This is the first article to apply a machine learning approach to the analysis of time on market on real estate markets.

Design/methodology/approach

The random survival forest approach is introduced to the real estate market. The most important predictors of time on market are revealed and it is analyzed how the survival probability of residential rental apartments responds to these major characteristics.

Findings

Results show that price, living area, construction year, year of listing and the distances to the next hairdresser, bakery and city center have the greatest impact on the marketing time of residential apartments. The time on market for an apartment in Munich is lowest at a price of 750 € per month, an area of 60 m2, built in 1985 and is in a range of 200–400 meters from the important amenities.

Practical implications

The findings might be interesting for private and institutional investors to derive real estate investment decisions and implications for portfolio management strategies and ultimately to minimize cash-flow failure.

Originality/value

Although machine learning algorithms have been applied frequently on the real estate market for the analysis of prices, its application for examining time on market is completely novel. This is the first paper to apply a machine learning approach to survival analysis on the real estate market.

Details

Journal of Property Investment & Finance, vol. 42 no. 2
Type: Research Article
ISSN: 1463-578X

Keywords

Article
Publication date: 5 January 2023

Tomoyuki Takabatake, Nanami Hasegawa and Suguru Nishigaki

This study aims to clarify the following research questions: to what extent do people consider natural disaster risks as important for residential selection? what personal…

Abstract

Purpose

This study aims to clarify the following research questions: to what extent do people consider natural disaster risks as important for residential selection? what personal demographics and attitudes toward natural disaster risks are associated with the relative importance of natural disasters for residential selection? and to what extent do the associated personal attributes influence the relative importance of natural disasters for residential selection?

Design/methodology/approach

An internet-based survey was performed to collect 2,000 responses from residents of Osaka Prefecture, Japan, to gauge people’s relative importance of safety against natural disasters regarding residential preference. The obtained results were analysed using two types of statistical analysis, specifically chi-square test and multivariable logistic regression analyses.

Findings

It was found that 37.3% of the respondents in Osaka Prefecture, Japan, considered the “safety against natural disasters” relatively important when selecting a residential location. The statistical analysis also demonstrated that those having a relatively higher level of disaster awareness and preparedness were 1.41 times more likely to prefer to live in a place that is safer from natural disasters. Thus, it was suggested that disaster education aimed at raising the level of people’s disaster awareness could be effective to increase the number of people who choose to live in a safer place from natural disasters.

Originality/value

Living in an area that is safer from natural disasters can effectively minimize human and property damage. Recently, several measures have been taken in Japan to guide people to live in a safer place. The clarification of the extent to which people consider natural disaster risks as important for residential selection and the understanding of the categories of the people who are likely to do so is important to develop more effective natural disaster measures; however, there has been less attention on such investigation. Therefore, this study conducted an internet-based survey and examined it.

Details

International Journal of Disaster Resilience in the Built Environment, vol. 15 no. 2
Type: Research Article
ISSN: 1759-5908

Keywords

Article
Publication date: 20 May 2022

Sayed Arash Hosseini Sabzevari, Zoheir Mottaki, Atoosa Hassani, Somayeh Zandiyeh and Fereshteh Aslani

Finding an appropriate place for temporary housing after an earthquake is one of the main challenges of disaster risk management, especially in developing countries. Therefore, it…

Abstract

Purpose

Finding an appropriate place for temporary housing after an earthquake is one of the main challenges of disaster risk management, especially in developing countries. Therefore, it is necessary to create pre-disaster location plans for the homeless population. This study aims to systematically find safe places and select suitable sites according to influential factors.

Design/methodology/approach

The research methodology used is a descriptive–analytical method. A field survey with a quantitative–qualitative approach is applied to recognize physical vulnerabilities and select suitable sites for temporary settlements. Due to the occurrence of several earthquakes in recent decades around the city of Isfahan, Iran, this area has been studied. Fuzzy analytic hierarchy process, geographic information system and rapid visual screening have been used for data analysis.

Findings

According to the site selection and vulnerability criteria and their prioritization, the findings indicate that 60% of the study area is vulnerable. Moreover, vacant lots, stadiums and public green spaces that can be used as multi-purpose sites are the most appropriate options for the temporary settlement.

Practical implications

The research criteria are generalizable and can be used for decision-making, concerning urban fabric vulnerability and site selection of temporary housing in cities exposed to earthquake risk.

Originality/value

Cultural features, accessibility, land conditions, the slope and type of land, availability and construction materials were addressed in locating temporary settlements. In addition to vacant lots and open spaces, safe buildings were also identified for temporary housing, and religious minorities and similar communities were considered.

Details

International Journal of Disaster Resilience in the Built Environment, vol. 14 no. 5
Type: Research Article
ISSN: 1759-5908

Keywords

Article
Publication date: 21 February 2024

Zafirah Al Sadat Zyed, Izma Syazana Badrudin and Peter Aning Tedong

This paper aims to discuss the issues and challenges related to housing continuity for individuals transitioning from homelessness to securing a place to live in Klang Valley…

Abstract

Purpose

This paper aims to discuss the issues and challenges related to housing continuity for individuals transitioning from homelessness to securing a place to live in Klang Valley, Malaysia. The aim of the study is to explore the problems and solutions in the context of housing policy, particularly as they pertain to homeless households. The study involves conducting in-depth interviews with various stakeholders involved in helping homeless households find shelter and access to public housing.

Design/methodology/approach

The research methodology comprises a comprehensive literature review encompassing housing affordability, affordable housing and homelessness both within Malaysia and globally to identify research gaps. One of the key questions highlighted the effectiveness of existing programs aimed at providing short-term shelter and social integration for homeless individuals. Additionally, it highlights one of the primary challenges in this process, which is the tendency of homeless individuals to return to homelessness due to various factors. The data collection uses a qualitative approach and the data are obtained through in-depth interviews with key stakeholders responsible for assisting homeless households in Klang Valley, Malaysia, encompassing federal, state and local government representatives. Purposive sampling ensures diverse stakeholder representation. Interviews are structured semi-structured to maintain consistency while allowing for open-ended discussions on challenges and successes in facilitating homeless individuals' transition to stable housing. Thematic analysis of transcribed interview data focuses on recurring themes related to housing continuity, affordability and homeless households' behavioural patterns.

Findings

There are five (n = 5) stakeholders consist of local government (Code: R1), ministries (Code: R2; R5) and government agencies (Code: R3; R4). The study revealed that various programs have been implemented to provide short-term shelter and facilitate the integration of homeless individuals into society. Nevertheless, a significant challenge identified was the recurring tendency of homeless households to return to homelessness. This “behavioural direction” was found to be influenced by multiple factors which includes mental health and attitude problem. The findings emphasise the need for collaborative efforts among all stakeholders to address the issues and challenges related to housing continuity in Klang Valley.

Originality/value

The originality of this research lies in its focus on the specific and under-researched context of Klang Valley, Malaysia, regarding the critical issues of housing affordability and the challenges of housing continuity for homeless households. While housing affordability and affordable housing are widely recognised as global housing policy concerns, this study delves into a localised setting where limited attention has been given to understanding the transitions of homeless individuals to stable housing. The findings provide unique insights into the efforts and challenges faced in Klang Valley, shedding light on the behavioural patterns and factors contributing to recurring homelessness. This paper offers a context-specific perspective that contributes to the broader understanding of housing continuity issues.

Details

International Journal of Housing Markets and Analysis, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1753-8270

Keywords

Article
Publication date: 8 September 2022

Tatsiana Karatseyeva and Aizhan Akhmedova

The purpose of this paper is to analyze the social and functional features of micro-apartment and, based on the findings, to demonstrate the projects of modern micro-apartment…

Abstract

Purpose

The purpose of this paper is to analyze the social and functional features of micro-apartment and, based on the findings, to demonstrate the projects of modern micro-apartment designed for one or two people, which are implemented in the experimental design.

Design/methodology/approach

Based on the analysis of the study of theoretical scientific works on the research topic and from the standpoint of an interdisciplinary discourse the social and economic prerequisites for the demand for such a dwelling are determined and the categories of citizens for whom a micro-apartment is an advantage are identified. Particular attention is paid to the typological boundaries of the study, the generalization and synthesis of sources which is reflected in identifying the features of the functional zoning of a micro-apartment in connection with the needs of residents and determining modern ways to improve the comfort of living.

Findings

At the examples of experimental design of micro-apartment for the city of Almaty we substantiated the expanding the existing typology of residential buildings by adding a new type of urban dwelling – a micro-apartment which occupies a niche between apartment housing for permanent residence and traditional hotels.

Originality/value

The content of the study is devoted to the analysis of a micro-apartment as a new type of modern urban dwelling for a single and small-family population. Urban residents’ interest in economical, affordable small-area dwellings as well as the need to study and design micro format dwellings for the modern urban environment is a topical issue.

Details

Engineering, Construction and Architectural Management, vol. 30 no. 10
Type: Research Article
ISSN: 0969-9988

Keywords

Abstract

Details

A Neoliberal Framework for Urban Housing Development in the Global South
Type: Book
ISBN: 978-1-83797-034-6

Article
Publication date: 9 November 2022

Merve Cerrahoğlu and Feray Maden

The most important need after natural disasters is the sheltering. However, most of the existing temporary shelters do not meet all requirements for long-term use and not provide…

Abstract

Purpose

The most important need after natural disasters is the sheltering. However, most of the existing temporary shelters do not meet all requirements for long-term use and not provide adequate flexibility within the space. This paper aims to develop a transitional postdisaster shelter transforming from a closed shape to an expanded form in response to changing functional and spatial needs of disaster victims. The study also proposes alternative unit combinations for various functions, and settlement layouts to create a comfortable living environment for occupants.

Design/methodology/approach

The research methodology is based on theoretical and design frameworks which requires inductive and deductive approaches. Forming the background of the study, the theoretical framework consists of four parts which are literature review on temporary shelters presenting state-of-the-art; determination of design guidelines and strategies based on shelter standards; identification of technical requirements; and analysis of existing temporary shelters. Having three parts, the design framework includes design of transformable transitional shelter based on three-dimensional modeling, creation of different unit combinations to be used for various purposes and development of settlement layouts as case studies.

Findings

The analysis conducted in this study demonstrates that most of the existing temporary shelters have limited geometric configurations and major problems in terms of their performance, transportation and storage. On the other hand, the transformable shelter proposed by the authors can provide form and spatial flexibilities thanks to its expansion properties, occupy less space for transportation, easily be transported to any desired location in its compact state and be customized according to user needs. Several units can be combined either to serve larger families or to be used for different functions.

Originality/value

This paper contributes to the literature as presenting not only a theoretical framework on temporary shelters but also a design framework on transformable shelter design for the ones who are willing to develop similar transformable shelters based on the determined guidelines, strategies and requirements.

Details

International Journal of Disaster Resilience in the Built Environment, vol. 15 no. 2
Type: Research Article
ISSN: 1759-5908

Keywords

Article
Publication date: 1 July 2022

Goran Ivo Marinovic

Informal dwellings describe makeshift lodgings made from temporary materials, such as plastic, corrugated iron, sheeting, packing cases, or wood. These units allow low-income…

Abstract

Purpose

Informal dwellings describe makeshift lodgings made from temporary materials, such as plastic, corrugated iron, sheeting, packing cases, or wood. These units allow low-income groups to informally occupy land and create their habitable space in a phased manner. This article focuses on elements of the urban morphology, such as density, accessibility, and operating assortment of informally built areas in the southern region of Montenegro.

Design/methodology/approach

The author examines the urban morphologies of four urban areas, whose informality is traditionally viewed as markers of decline and despair. Using observations, questionnaires, and semi-structured interviews, the investigator maps dwellings in Ulcinj, Budva, Tivat, and Herceg Novi neighbourhoods. The researcher interrogated participants about land distribution during the construction of sheds, buildings' outline and orientation toward the street, and activities performed in their dwellings, such as living, working, and accommodating relatives and guests. This methodology tests the hypothesis, formulated as a deeper understanding of urban morphology for examining the interweaving of informally built settlements with the rest of the city.

Findings

A cartographic investigation is used to reframe customary rights of low-income populations to land inclusion and their place in the city. The results clearly show that the location and lifestyle are designed to obfuscate the vulnerable populations from the public view, disconnected from policymaking, and ignored by urban planning projects. However, the interviewees' destinations orientation away from the downtowns represents the possibility of reconfiguring existing urban planning practices. For creating alternative urbanisation, the orientation of less visible neighbourhoods presents a model for building regulations embedded in social forces and cultural habits of all social and ethnic groups.

Research limitations/implications

This study did not address the implementation of social hosing policies and the logistical limitations of realising them by the local and national governments. During firework, the author encountered dwellers outside four studied low-income neighbourhoods in the south region of Montenegro. Mapping morphological elements of these generally small clusters of informal built units are left for future research. Future studies could examine how informality is performed in Montenegro by moderate and high-income groups as an assemblage of different power relationships and urban practices.

Practical implications

The argument is based on counter urbanism as the orientation and destination of less visible neighbourhoods for creating building regulations embedded in social forces and cultural habits of all social and ethnic groups. This study showed that the urban morphology of informality in the coastal cities of Montenegro lays the ground for alternative urban planning practices based on the different interconnection of districts. The outcome is a strong link between different social and ethical groups through self-building practices.

Social implications

In coastal cities of Montenegro, Roma, Ashkali, and Egyptian live with other low-income groups in unsanitary settlements characterised by poor living conditions, low-quality illegally built housing, no plumbing or sewage systems, and overcrowded urban areas. Mapping morphological elements of less visible urban areas propose shifting from top-down urban planning policies to a participatory model of developing urban areas.

Originality/value

The assemblage of informally built urban areas legitimise place in the city that goes against the housing market's dominant logic and exceeds alternative logics of building production. This article outlined the urban morphologies of four urban areas for turning the image of informality away from decline and despair to lessons of urban interconnection. By creating different maps, the author presented a diverse orientation of four case studies based on density, accessibility, and operating assortment.

Details

Archnet-IJAR: International Journal of Architectural Research, vol. 17 no. 4
Type: Research Article
ISSN: 2631-6862

Keywords

Article
Publication date: 10 October 2022

Kurt Wurthmann

This study aims to provide and illustrate the application of a framework for conducting techno-economic analyses (TEA) of early-stage designs for net-zero water and energy…

Abstract

Purpose

This study aims to provide and illustrate the application of a framework for conducting techno-economic analyses (TEA) of early-stage designs for net-zero water and energy, single-family homes that meet affordable housing criteria in diverse locations.

Design/methodology/approach

The framework is developed and applied in a case example of a TEA of four designs for achieving net zero-water and energy in an affordable home in Saint Lucie County, Florida.

Findings

Homes built and sold at current market prices, using combinations of well versus rainwater harvesting (RWH) systems and grid-tied versus hybrid solar photovoltaic (PV) systems, can meet affordable housing criteria for moderate-income families, when 30-year fixed-rate mortgages are at 2%–3%. As rates rise to 6%, unless battery costs drop by 40% and 60%, respectively, homes using hybrid solar PV systems combined with well versus RWH systems cease to meet affordable housing criteria. For studied water and electricity usage and 6% interest rates, only well and grid-tied solar PV systems provide water and electricity at costs below current public supply prices.

Originality/value

This article provides a highly adaptable framework for conducting TEAs in diverse locations for designs of individual net-zero water and energy affordable homes and whole subdivisions of such homes. The framework includes a new technique for sizing storage tanks for residential RWH systems and provides a foundation for future research at the intersection of affordable housing development and residential net-zero water and energy systems design.

Details

International Journal of Housing Markets and Analysis, vol. 17 no. 2
Type: Research Article
ISSN: 1753-8270

Keywords

Article
Publication date: 8 June 2023

Vinayaka Gude

This research developed a model to understand and predict housing market dynamics and evaluate the significance of house permits data in the model’s forecasting capability.

Abstract

Purpose

This research developed a model to understand and predict housing market dynamics and evaluate the significance of house permits data in the model’s forecasting capability.

Design/methodology/approach

The research uses a multilevel algorithm consisting of a machine-learning regression model to predict the independent variables and another regressor to predict the dependent variable using the forecasted independent variables.

Findings

The research establishes a statistically significant relationship between housing permits and house prices. The novel approach discussed in this paper has significantly higher prediction capabilities than a traditional regression model in forecasting monthly average prices (R-squared value: 0.5993), house price index prices (R-squared value: 0.99) and house sales prices (R-squared value: 0.7839).

Research limitations/implications

The impact of supply, demand and socioeconomic factors will differ in various regions. The forecasting capability and significance of the independent variables can vary, but the methodology can still be applicable when provided with the considered variables in the model.

Practical implications

The resulting model is helpful in the decision-making process for investments, house purchases and construction as the housing demand increases across various cities. The methodology can benefit multiple players, including the government, real estate investors, homebuyers and construction companies.

Originality/value

Existing algorithms and models do not consider the number of new house constructions, monthly sales and inventory in the real estate market, especially in the United States. This research aims to address these shortcomings using current socioeconomic indicators, permits, monthly real estate data and population information to predict house prices and inventory.

Details

International Journal of Housing Markets and Analysis, vol. 17 no. 1
Type: Research Article
ISSN: 1753-8270

Keywords

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