Housing supply in the presence of informality

Guedes, Ricardo Brito; Iachan, Felipe S.; Sant'Anna, Marcelo Castello Branco

doi:10.1016/j.regsciurbeco.2023.103875

Cited by 6 publications

(3 citation statements)

References 29 publications

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“…Simply put, the resource gap in implementing centralized real estate operations and profiling and prevention models for illegal practitioners is harder and will take longer for the Philippines to address, unlike for China and Indonesia. In another middle-income developing country such as Brazil, a study by Guedes et al [186] analyzed the housing supply with an extended monocentric city model using demographic data and public land ownership. The extent of this study was on housing supply estimation and elasticity.…”

Section: Practical and Managerial Implicationsmentioning

confidence: 99%

Antecedents of Real Estate Investment Intention among Filipino Millennials and Gen Z: An Extended Theory of Planned Behavior

Gumasing,

Niro

2023

Sustainability

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The Philippines’ real estate (RE) market vis à vis its government’s collective efforts to accelerate its digital transformation faces prevalent illegal RE practices online on top of limited publicly accessible data for decision-making and decentralized and highly regional RE markets. As the middle-income millennials’ and Gen Zs’ purchasing power rises, these increasingly important consumer groups might fall prey to online RE colorums or make bad RE investment decisions. In anticipation of big data, ML, and AI becoming integral to the Philippine RE industry, this study extends the theory of the planned behavior model to account for RE investment and illegal practice and to build a theoretical basis for foundational models. A total of 400 Filipinos aged 15 to 42 from different regions in the country responded to a self-administered online survey questionnaire. The model was assessed using partial least squares structural equation modeling (PLS-SEM) and was proven to be sufficient to explain the proposed model. Results from the partial least squares structural equation modeling (PLS-SEM) revealed that during inflation, risk tolerance (RT), perceived property value (PPV), and aversion from illegal practice (IP) significantly influence millennials’ and Gen Zs’ intention to invest in the RE market, implying that they would consider prioritizing profitability at the expense of sustainability. Thus, a collective commitment to provide transparent and real-time data on RE KPIs and projects is necessary for safer and optimized operations while ensuring the sustainability of current and future projects.

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Section: Practical and Managerial Implicationsmentioning

confidence: 99%

Antecedents of Real Estate Investment Intention among Filipino Millennials and Gen Z: An Extended Theory of Planned Behavior

Gumasing,

Niro

2023

Sustainability

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“…Figure 3.9, also based on Guedes, Iachan, and Sant'Anna (2023), displays the estimated (inverse) housing supply elasticity for 90 or so Brazilian metropolitan areas.…”

Section: Elasticity Of Housing Supply In the Formal And Informal Marketsmentioning

confidence: 99%

“…The elasticities employed in these simple supply and demand models should capture the dynamics of both markets, as put forth by Guedes, Iachan, and Sant'Anna (2023).…”

Section: Demand and Supplymentioning

confidence: 99%

Rethinking Urban Migration: Policy Options for Cities in Latin America and the Caribbean

Busso,

Carrillo,

Chauvin

2023

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The potential challenges associated with migration to cities have justifiably received much attention. But they may obscure the significant opportunities that migration also offers for receiving communities seeking to boost economic development. This report is an invitation to rethink urban migration, paying due attention to the opportunities for local economies that emerge with the arrival of both internal and international migrants and encouraging policymakers to capitalize on them. By tailoring policies to specific contexts and bridging short-term constraints with long-term solutions, cities can leverage the skills and diversity migrants bring, fostering innovation, productivity growth, and prosperity for all. The pages of this report offer guidance on how to go about this task.

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Impacts of social housing on urban transformations of informal settlements in Bogotá, Colombia

Vieda Martínez,

Ramírez-Mosquera,

Avalos

2024

J Hous and the Built Environ

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Housing supply in the presence of informality

Cited by 6 publications

References 29 publications

Antecedents of Real Estate Investment Intention among Filipino Millennials and Gen Z: An Extended Theory of Planned Behavior

Antecedents of Real Estate Investment Intention among Filipino Millennials and Gen Z: An Extended Theory of Planned Behavior

Rethinking Urban Migration: Policy Options for Cities in Latin America and the Caribbean

Impacts of social housing on urban transformations of informal settlements in Bogotá, Colombia

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