Public real estate resource – A burden or a source of income? A study of municipal land management in Poland

Gross, Marta; Wolny-Kucińska, Ada

doi:10.1016/j.landusepol.2021.105447

Cited by 6 publications

(7 citation statements)

References 27 publications

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“…In contrast, Min et al (2022) found, similar to our observations, the real estate investment trust industry index sector's stock rate of return to be relatively less sensitive to the impacts of COVID-19. At the same time it is worth highlighting that Polish local governments does not have or does not effectively use instruments dedicated to real estate resource management (Gross & Wolny-Kucińska, 2021), therefore, the situation on the market is strongly related to behavior of private investors.…”

Section: Discussionmentioning

confidence: 99%

The Impact of Covid-19 Pandemic on Value Migration Processes in the Real Estate Sector

Kowalski¹,

Wang²,

Kazak³

2023

Real Estate Management and Valuation

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The COVID-19 pandemic period brings huge uncertainty, especially for the real estate sector. On the one hand, restrictions on the mobility of a population, decline in travel demands, popularization of remote work and education models caused doubts among investors questioning the future of the sector and the functions of real estate. On the other hand, the large supply of cash after the first waves of the pandemic and the upcoming increase in inflation resulted in many investors boldly investing cash in real estate, considering them as assets of stable value. This research aims to analyze the processes of value migration among real estate companies listed on the Warsaw Stock Exchange during this turbulent process. We analyzed the changes in the main drivers of value and the migration rates of the real estate sector based on data for 2018, 2019, 2020 and Q3 2021. The first period of the pandemic is the time of the collapse of the main profitability factors, sales and profitability of sales decline in the entire sector. However, the financial pillars of the analyzed companies are stable and we are not seeing signs of liquidity problems or a significant increase in debt. The second year of the pandemic is a significant reflection of most of the drivers of value, often to levels higher than those observed before the pandemic. Investors seem to remain insensitive to turbulent changes in accounting measures of effectiveness. We observe the relative stability of market measures. The processes of the migration of values from and to the sector do not show significant changes when comparing the periods before and during the pandemic. We observe various intensities of the studied phenomena in various groups of the real estate segment.

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Section: Discussionmentioning

confidence: 99%

The Impact of Covid-19 Pandemic on Value Migration Processes in the Real Estate Sector

Kowalski¹,

Wang²,

Kazak³

2023

Real Estate Management and Valuation

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“…The local municipality plays the role of a host for the land, overseeing land use and local development policies, where real estate management is one component of a comprehensive and coherent development strategy (Trojanek, 2015). Polish local governments employ a limited number of tools specifically designed for managing real estate resources (Gross and Wolny-Kucińska, 2021).…”

Section: Relationship Between Various Components Of Management In Pom...mentioning

confidence: 99%

Relationship between Various Components of Management in Pomeranian Communes Based on FUZZY-DEMATEL Approach

Charlampowicz,

Skiba

2023

ERSJ

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Purpose:The study aims to determine and evaluate the mutual causal relationship between various management areas for Pomeranian communes. The research was conducted in four Pomeranian communes, and 15 experts took part in this study. Methodology: A few research methods were applied: literature review, questionnaire method, comparative analysis, and FUZZY-DEMATEL method. Findings: Conducted research implies that knowledge and human resources management is an essential component of management in Pomeranian communes. This area has the greatest impact on other fields of management identified in the communes. Practical implications:The results of the study could be considered an interesting source of information for municipalities and communes. Understanding the role of knowledge and human resources management can be beneficial in the context of improving the efficiency of commune management, which can be perceived as an important factor in the quality of living within such a community. Originality: This research is the first that attempted to find the causal relationship between various management areas in the communes.

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“…For instance, the discussion of commercial real estate with a short remaining period of land use rights on evaluation thoughts of income approach was recently analyzed by Guo Yukun and Zhou Yan (Yukun, & Yan, 2022). Real estate and land management tend to be highly complex areas and these issues could be important also for local governments (Gross, & Wolny-Kucińska, 2021). The aim of the current research is to analyse the factors affecting the real estate market, construction industry, and related entrepreneurship in changing environment in the context of sustainable economic and environmental development, paying particular attention to the tendencies within these sectors.…”

Section: Introductionmentioning

confidence: 99%

Sustainability Aspects of the Construction Industry and Entrepreneurship: Challenges and Opportunities

2023

EJSD

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The relevance of the research and its significance are being determined by the fact that changes in economic and environmental development could affect the tendencies of the development of the real estate market and construction industry, and entrepreneurship within these sectors, and vice versa. As time passes, the participants of real estate sectors face numerous challenges, and it could be useful to find the possible improvement opportunities for economic analysis and management. The aim of the research is to analyse the factors affecting the real estate market, construction industry and related entrepreneurship in changing environment in the context of sustainable economic and environmental development, paying particular attention to the tendencies within these sectors. The literature, historical, comparative analysis and logical access methods have been used in the research. The conducted analysis could help in the improvement of the entrepreneurial activities for the sustainable development of the real estate market and construction industry.

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Public real estate resource – A burden or a source of income? A study of municipal land management in Poland

Cited by 6 publications

References 27 publications

The Impact of Covid-19 Pandemic on Value Migration Processes in the Real Estate Sector

The Impact of Covid-19 Pandemic on Value Migration Processes in the Real Estate Sector

Relationship between Various Components of Management in Pomeranian Communes Based on FUZZY-DEMATEL Approach

Sustainability Aspects of the Construction Industry and Entrepreneurship: Challenges and Opportunities

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