Submitted by Automa??o e Estat?stica (sst@bczm.ufrn.br) on 2017-12-04T21:25:51Z No. of bitstreams: 1 TulioCesarDeSouzaCosta_DISSERT.pdf: 6860085 bytes, checksum: f8952db8de9f65a1fa4dc97c980fd3ec (MD5) / Approved for entry into archive by Arlan Eloi Leite Silva (eloihistoriador@yahoo.com.br) on 2017-12-11T17:06:18Z (GMT) No. of bitstreams: 1 TulioCesarDeSouzaCosta_DISSERT.pdf: 6860085 bytes, checksum: f8952db8de9f65a1fa4dc97c980fd3ec (MD5) / Made available in DSpace on 2017-12-11T17:06:18Z (GMT). No. of bitstreams: 1 TulioCesarDeSouzaCosta_DISSERT.pdf: 6860085 bytes, checksum: f8952db8de9f65a1fa4dc97c980fd3ec (MD5) Previous issue date: 2017-09-06 / Nas ?ltimas d?cadas ? crescente a participa??o do mercado imobili?rio no processo de ocupa??o do espa?o urbano. Esse fen?meno decorre tanto do crescimento demogr?fico quanto das altera??es econ?micas pelas quais passou o Brasil nos ?ltimos 30 anos. Tais fatos, aliados a falta de informa??es geogr?ficas mais detalhadas sobre o mercado imobili?rio local, geram dificuldades na tomada de decis?es estrat?gicas para a cidade, tanto por parte da gest?o p?blica, quanto pela iniciativa privada. Face a essa problem?tica, surge a necessidade de buscar novas alternativas e tecnologias que visem facilitar o processamento de dados existentes, para otimizar a an?lise espacial da atua??o dos promotores imobili?rios do mercado imobili?rio de Natal/RN. Nesse sentido, este trabalho prop?e uma primeira aproxima??o acerca da distribui??o espacial das incorpora??es imobili?rias registradas em Natal/RN entre 1990 a 2015, fazendo uso de ferramentas baseadas em sistemas de informa??es geogr?ficas. Para tanto foi necess?rio georreferenciar todos os empreendimentos cadastrados em um banco de dados existente. Os resultados apontam na distribui??o espacial dos empreendimentos imobili?rios ao longo dos anos. O aumento da produ??o de unidades habitacionais na zona sul do munic?pio e a intensifica??o da verticaliza??o sinalizam para uma necessidade de expans?o da infraestrutura e dos servi?os urbanos. O uso do geoprocessamento se revelou uma ferramenta valiosa para a an?lise da espacializa??o da produ??o imobili?ria. / In the past decades, real estate involvement in the occupancy process of urban space has been growing. This phenomenon emerges from both the demographic growth and economic changes Brazil went through in the past 30 years. Such facts, combined with a lack of accurate geographic information about the local real state, create obstacles on strategic decision making for the city, by both public administration and private enterprise. In front of this perspective, searching for new alternatives and technologies that aim to facilitate processing current data is necessary for optimizing real state analysis in Natal/RN. Therefore, this study aims making a first approach on spatial distribution of developments from 1990 up to 2015 found in real estate registry offices in Natal/RN, using tools based on Geographic Information System. For so, it was necessary georeferencing all developments registered in the period through an existing database. Using such methodology confirmed an increase on verticalization during the period, especially in the south and east zones, as well as a concentration of small units in peripheral areas. The municipality?s southern zone stands out for its intense housing production, confirming a need for expanding urban infrastructure and services. Finally, using georeferencing tools proved to be a valuable tool for the analysis of the spatialization of real estate development.

Submitted by Automa??o e Estat?stica (sst@bczm.ufrn.br) on 2016-02-22T22:16:56Z No. of bitstreams: 1 AryPereiraDosSantosJunior_DISSERT.pdf: 4751353 bytes, checksum: 62a71f90918dd1a478914959ad15ea55 (MD5) / Approved for entry into archive by Arlan Eloi Leite Silva (eloihistoriador@yahoo.com.br) on 2016-02-25T19:21:55Z (GMT) No. of bitstreams: 1 AryPereiraDosSantosJunior_DISSERT.pdf: 4751353 bytes, checksum: 62a71f90918dd1a478914959ad15ea55 (MD5) / Made available in DSpace on 2016-02-25T19:21:55Z (GMT). No. of bitstreams: 1 AryPereiraDosSantosJunior_DISSERT.pdf: 4751353 bytes, checksum: 62a71f90918dd1a478914959ad15ea55 (MD5) Previous issue date: 2015-03-30 / Desde meados da d?cada de 1970 o mundo vem passando por transforma??es significativas, entra em cena uma nova etapa de acumula??o mundial do capital, inicia-se a chamada reestrutura??o produtiva. Essa reestrutura??o materializa-se espacialmente atrav?s da reconfigura??o dos territ?rios, redefinindo seus usos e propiciando uma nova estrutura??o espacial. No que se refere ao territ?rio potiguar, observa-se, a partir dos anos de 1980, a emerg?ncia de novas atividades econ?micas, dentre as quais se destacam o turismo, que passam a ser estimuladas a partir de pol?ticas governamentais. Dentro desse contexto tem se destacado o litoral leste do estado, pois suas praias t?m reconhecido apelo paisag?stico e qualidade ambiental. Tendo em vista essa oportunidade de neg?cios, os investidores internacionais acabaram investindo nessa por??o do territ?rio potiguar, principalmente ao longo da ?ltima d?cada. A expans?o desse processo, em dire??o ao litoral norte, implicou na emerg?ncia de uma intensa din?mica imobili?ria nos munic?pios de Maxaranguape e Rio do Fogo. O baixo valor das terras e das edifica??es, comparativamente ao mercado europeu e a disponibilidade dos im?veis, constitu?ram os principais fatores que explicam a atra??o de tais investidores, que passam a ser observados como novas oportunidades de neg?cios, com altas taxas de lucratividade, em ?reas tropicais, at? ent?o, perif?ricas do sistema econ?mico. Sendo assim, o objetivo da pesquisa ? analisar em que medida os Investimentos Internacionais promoveram a valoriza??o dos im?veis nos munic?pios de Maxaranguape e Rio do Fogo. O recorte temporal compreende o per?odo entre 2000-2013. A metodologia consistiu nos seguintes procedimentos: levantamentos e an?lise dos dados coletados nos Cart?rios de Registros de Im?veis dos munic?pios de Maxaranguape e Rio do Fogo; realiza??o de entrevistas junto aos agentes p?blicos e privados que se mostraram importantes para a an?lise das transforma??es espaciais e da valoriza??o dos im?veis que ocorreu nos munic?pios estudados; levantamento de dados secund?rios junto aos ?rg?os oficiais, tais como: IBGE, MTUR, SETUR, BNB etc. Analisando as informa??es e os dados que foram catalogados, conclu?u-se que tais investimentos est?o refor?ando antigas pr?ticas de lazer e turismo existentes preteritamente nesses territ?rios e transformando (criando novos arranjos territoriais) boa parte da zona costeira oriental do estado. Outra consequ?ncia ligada a esse recente fen?meno refere-se ? valoriza??o dos im?veis que vem ocorrendo nessa por??o do estado, epis?dio que est? diretamente ligado a esse evento. Dessa forma, compreende-se que a expans?o e a incorpora??o de territ?rios pelo capital revelam, em parte, as estrat?gias do modo de produ??o capitalista, as quais se evidenciam na busca por melhores condi??es de acumula??o, ampliando as alternativas de uso do territ?rio que ocorre de forma seletiva e desigual no espa?o geogr?fico. Observa-se que os mecanismos que o capital lan?a m?o para impor suas pr?ticas podem ocorrer atrav?s da valoriza??o do mercado de terras, significando, dessa forma, que a reprodu??o das desigualdades acontece, muitas vezes, atrav?s da especula??o fundi?ria acentuada com a r?pida valoriza??o dos im?veis. / Since the middle of 1970?s the world has been undergoing significant transformations, comes in a new era of global capital accumulation, and starts the called productive restructuring. This restructuring is materialized spatially through the reconfiguration of territory, redefining its uses and providing a new spatial structure. With regard to native of Rio Grande do Norte territory, there is, from the 1980s, the emergence of new economic activities, among which stand out tourism, which become stimulated from government policies. In this context, has stood the east coast of the state, because its beaches have recognized scenic appeal and environmental quality. Therewith business opportunity, international investors ended up investing in this portion of Rio Grande do Norte?s territory, especially over the last decade. The expansion of this process, to the north coast, resulted in the emergence of intense property dynamics in the municipalities of Maxaranguape and Rio do Fogo. The low value of the property and buildings, compared to the European market and the availability of real property, were the main factors that explain the attraction of such investors, who are now seen as new business opportunities with high rates of profitability, in tropical areas, hitherto remote geographical location of the economic system. Therefore, the objective of the research is to analyze to what extent the International Investment promoted the appreciation of property in the municipalities of Maxaranguape and Rio do Fogo. The time frame covers the period among 2000- 2013. The methodology consisted of the following proceedings: surveys and analysis of data collected in the property registry office of the Maxaranguape and Rio do Fogo municipalities; interviews with public and private officials that were important for the analysis of spatial transformations and the recovery of the property that occurred in the municipalities studied; collection of secondary data from official bodies, such as IBGE, MTUR, SETUR, BNB etc. Analyzing the information and data that have been cataloged, it was concluded that this investments are reinforcing old leisure and tourism practices existing in the past in those territories and, shifted (creating new territorial arrangements) a significant part of the eastern coast zone areas of the state. Another consequence connected to this recent phenomenon refers to property?s increase in value that has occurred in this part of the state, episode which is directly connected to that event. Therefore, it is realize that the expansion and the incorporation of the capital territories reveal, in part, the strategies of the capitalist mode of production, which are evident in the search for better conditions of accumulation, expanding the alternative of use of the properties which occurs in selective way and uneven in the geographic space form. It is observed that the mechanisms that capital makes use to impose their practices can happen through the property?s increase in value market, meaning, thereby, that the reproduction of imbalances happens, often, through the marked property speculation with the fast increase in value of properties.

Submitted by Automa??o e Estat?stica (sst@bczm.ufrn.br) on 2016-10-26T23:26:57Z No. of bitstreams: 1 EltonCortesRochaSiqueiraFilho_DISSERT.pdf: 3184427 bytes, checksum: b388da19aaa7b9e266615fa005cc0c92 (MD5) / Approved for entry into archive by Arlan Eloi Leite Silva (eloihistoriador@yahoo.com.br) on 2016-12-26T19:24:57Z (GMT) No. of bitstreams: 1 EltonCortesRochaSiqueiraFilho_DISSERT.pdf: 3184427 bytes, checksum: b388da19aaa7b9e266615fa005cc0c92 (MD5) / Made available in DSpace on 2016-12-26T19:24:57Z (GMT). No. of bitstreams: 1 EltonCortesRochaSiqueiraFilho_DISSERT.pdf: 3184427 bytes, checksum: b388da19aaa7b9e266615fa005cc0c92 (MD5) Previous issue date: 2016-06-03 / Na atualidade as inova??es tecnol?gicas devem ser vistas como uma estrat?gia competitiva das organiza??es no setor da constru??o civil. A difus?o de novas tecnologias neste setor ? muito similar ao aplicado em aos demais setores industriais, por?m, no caso da constru??o civil, ainda se verifica certo grau de resist?ncia das partes envolvidas. Desde os projetistas, passando pelos administradores e chegando at? os trabalhadores, persiste uma relativa resist?ncia ? inova??o tanto no que diz respeito ?s t?cnicas construtivas quanto na introdu??o de novos materiais, pois as incertezas do sucesso os tornam receosos. Discutiremos alguns aspectos associados ? ado??o de inova??es tecnol?gicas no setor da constru??o civil como estrat?gia do Mercado imobili?rio. A problem?tica desta pesquisa concentra-se em ampliar a compreens?o do uso das inova??es tecnol?gicas na produ??o imobili?ria como um reflexo das mudan?as nos sistemas construtivos e materiais. Partindo do caso emp?rico e utilizando a base estabelecida pretende-se testar a hip?tese de que o processo de introdu??o de inova??es tecnol?gicas no mercado da constru??o segue a l?gica de valoriza??o dos empreendimentos imobili?rios privilegiando os empreendimentos de alto padr?o e localizados nos bairros mais valorizados, com a ado??o de materiais e processos construtivos mais atuais e eficientes. Pretende-se estudar ent?o a evolu??o no uso de inova??es tecnol?gicas relacionadas com os processos construtivos enquanto diferencial nas estrat?gias utilizadas pelos promotores imobili?rios no munic?pio de Natal entre 1990 e 2010. / In the present the technological innovations must be seen as a competitive strategy of the organizations in the sector of the civil construction. The diffusion of new technologies in this sector is very similar to the applied one in to too many industrial sectors, however, in case of the civil construction, still there happens certain degree of resistance of the wrapped parts. We will discuss some aspects associated to the adoption of technological innovations in the sector of the civil construction like strategy of the offer of the property Market. The problematics of this inquiry is concentrated in enlarging the understanding of the use of the technological innovations in the property production like a reflex of the changes in the constructive and material systems. Leaving from the empirical case and using the established base there is claimed to test the hypothesis of which the process of introduction of technological innovations in the market of the construction follows the logic of increase in value of the property undertakings privileging the undertakings of high standard and located in the most valued districts, with the adoption of materials and the most current and efficient constructive processes. It intends to study then the evolution in the use of technological innovations connected with the constructive processes while differential in the strategies used by the property promoters in the local authority of Natal / RN between 1990 and 2010. For so much there was taken like base the database lifted by QUEIROZ (2012), selecting a representative sample through the stratification of the elements inside the outlined universe, which turned in 83 vertical residential property undertakings investigated, distributed in four administrative regions of the local authority. Finally there is ended which property market of Natal / RN, did not use the moment of strong development in the city to grow and to develop his constructive processes to (innovate), relative of attracting consumers and even obtaining bigger profits in the property undertakings, in other words, they did not use the technological innovation as strategy in the offer of his property products

Made available in DSpace on 2015-12-03T18:34:59Z (GMT). No. of bitstreams: 1 Simone_Maria_Neto_Nogueira_Junqueira.pdf: 518488 bytes, checksum: e4ae8b0bfeeefd15653f4ba8bf7d1b35 (MD5) Previous issue date: 2008-11-28 / Housing has always been a concern of man, at first as a safe place where he could protect his offspring and himself, then, that shelter form developed through the times with the growth of the housing deficit, the low quality in the materials used in the real estate developments, the tax burden questioned by companies of the section; they signaled that the alterations in the Laws that regulate the section of the building sector would be necessary. Then, in 2004, the President, sanctioned the Law n?? 10.931/04, that disposes on the Affected Equity, proposing a certain protection for the buyer, in case of financial difficulty of the developing company. The general objective of this work is to verify the perception of those involved: probable buyers, students of Accounting Sciences Course and Law Course; to verify how much knowledge of the Law there is, of the proposed protection and how this perception interferes in the option of the purchase of a property. The specific objective is the tributary cost and the taxation methods. In the study it is observed that the great majority of probable buyers don't know the Law but they notice its protection and that it would be decisive in the purchase of a property. In the aspect of the tributary cost, it is observed that the Special Regime of Taxation (RET) is not advantageous for the developing company and few of them use it. In this context, it is noticed that if a Law is not applicable, in which the society doesn't alter the habits, it might not be used after all. / A habita????o sempre foi uma preocupa????o do homem, a princ??pio como um lugar seguro onde pudesse proteger a prole e a si mesmo, depois, essa forma de abrigo evoluiu atrav??s dos tempos com o crescimento do d??ficit habitacional, a baixa qualidade nos materiais utilizados nos empreendimentos imobili??rios, a carga tribut??ria questionada por empresas do setor; sinalizavam que as altera????es nas Leis que regulamentam o setor da constru????o civil seriam necess??rias, at?? que no ano de 2004, o Presidente da Rep??blica, sancionou a Lei n??. 10.931/04, que disp??e sobre o Patrim??nio de Afeta????o, prop??e uma certa prote????o para comprador em caso de uma dificuldade financeira da empresa incorporadora. O objetivo geral do trabalho ?? verificar a percep????o dos envolvidos: prov??veis compradores, alunos do curso de Ci??ncias Cont??beis e do Curso de Direito; se h?? conhecimento da Lei, da prote????o proposta e como esta percep????o interfere na op????o da compra de um im??vel. Como objetivo espec??fico est?? o custo tribut??rio e os m??todos de tributa????o. No estudo observa-se que os prov??veis compradores, na grande maioria n??o conhecem a Lei mas, percebem a sua prote????o e que seria decisiva na compra de um im??vel. No aspecto do custo tribut??rio, observa-se que o Regime Especial de Tributa????o (RET) n??o ?? vantajoso para a empresa incorporadora e, poucas utilizam. Dentro deste contexto, nota-se que uma Lei se n??o tiver aplicabilidade, ou seja, com a qual a sociedade n??o altera os costumes, pode cair em desuso.

Submitted by Sara Ribeiro (sara.ribeiro@ucb.br) on 2017-06-12T14:43:29Z No. of bitstreams: 1 LilianSantosMarquesSeverinoDissertacao2016.pdf: 852227 bytes, checksum: a6811612b93a51167387d223e191b16c (MD5) / Approved for entry into archive by Sara Ribeiro (sara.ribeiro@ucb.br) on 2017-06-12T14:43:48Z (GMT) No. of bitstreams: 1 LilianSantosMarquesSeverinoDissertacao2016.pdf: 852227 bytes, checksum: a6811612b93a51167387d223e191b16c (MD5) / Made available in DSpace on 2017-06-12T14:43:48Z (GMT). No. of bitstreams: 1 LilianSantosMarquesSeverinoDissertacao2016.pdf: 852227 bytes, checksum: a6811612b93a51167387d223e191b16c (MD5) Previous issue date: 2016-12-16 / This study aims to analyze the behavior of the real estate market in the Brazilian cities of S??o Paulo and Rio de Janeiro from 2008 to 2016 as seen through the analysis of monthly pricing data for both sales and rental markets, apparent consumption, stock of properties, and market return (IBOVESPA). Two models were estimated, the first, the CAPM, aimed at analyzing how return from investment in housing in both cities compared to the market return (IBOVESPA). The second model, the CCAPM was modified to suit the presence of preference for ownership of property. This study concludes that regarding the change-over of the return rates in Rio de Janeiro and S??o Paulo, investment in the housing market in both cities is negatively affected by the change-over of the return in investments on the whole stock market. Moreover, when we include the consumption in the pricing model, there is an intertemporal discount factor for consumption of roughly 0,98 per month for both cities, which confirms that Brazilian real estate buyers are more impatient than their American counterparts, and that the percentage of their income spent on consumption and investment in housing varies from one city to another. / O presente trabalho trata do comportamento do mercado imobili??rio nas cidades de S??o Paulo e Rio de Janeiro no per??odo de 2008 a 2016, analisando dados mensais de pre??os de venda e de aluguel de im??veis, consumo aparente, estoque de im??veis e taxa de retorno de mercado (IBOVESPA). Foram estimados dois modelos, o primeiro, o CAPM, visou analisar o comportamento do retorno do investimento imobili??rio das duas localidades em rela????o ao retorno de mercado e o segundo modelo, o CCAPM modificado para exist??ncia de prefer??ncias pela propriedade de im??veis. O estudo conclui, em rela????o ??s taxas de retorno, que a varia????o do investimento no mercado imobili??rio, tanto no Rio de Janeiro quanto em S??o Paulo, ?? afetada de forma negativa pela varia????o do retorno de mercado. Al??m disso, quando inclui o consumo no modelo de precifica????o, observa-se um fator de desconto intertemporal do consumo em torno de 0,98 ao m??s para as duas cidades, confirmando que o consumidor brasileiro ?? mais impaciente que o americano, e que os percentuais da sua renda destinada ao consumo e ao investimento imobili??rio diferem de uma cidade para a outra.

Made available in DSpace on 2014-12-17T13:56:49Z (GMT). No. of bitstreams: 1 AlexandreFCS_TESE_1-330.pdf: 5092728 bytes, checksum: ce133733efbeea8d2f8352bd2df7f3d6 (MD5) Previous issue date: 2010-06-18 / Conselho Nacional de Desenvolvimento Cient?fico e Tecnol?gico / The metropolitan regions of Northeast Brazil are being gradually included in a scenario of international investments, which are motivated by the restructuring of both touristic and real-estate sectors. The new capital, real-estate developers and space configurations that result from this process indicate the need for the creation and implementation of public tools which should, at least, allow the mitigation of the urban impacts and environmental losses resulting from this situation. The effects on landscape and on the socio-spatial configuration result from the intensification caused by the dynamism of the "real estate-tourism" sector. There is a regional integration as an expression of the urban expansion of the metropolitan area of Natal. This study investigates the uniqueness of the restructuring and territorial integration of coastal areas and the strategies of the circuit of capital accumulation formed by linking the real estate to tourism. It is intended to increase the understanding about the strategies of tourism, real estate and public policy agents involved in this territorial reconfiguration and in the fund-raising needed for the investments, to understand the existing social and environmental effects and their future trends and also to understand the forms of spatial production as results from the practices of approaching the land transformation and the tourism valorization of the landscape, in a synchronous manner, first in the Northeast region and, as a focal study, in the Metropolitan Area of Natal. Likewise, it is intended to apprehend the current processes of metropolization of the eastern coast of Rio Grande do Norte, in addition to indicate its physical-territorial transformation and the types of projects/developments promoted by the market in the recent period. Based upon analysis undertaken for the Metropolitan Region of Natal RN, this piece of work presents some considerations on possible legal instruments that can be adjusted to the municipalities which are experiencing the impact of this peculiar and recent phenomenon in the region, caused by the arrival of the real estate-touristic capital. It is also intended to point out basic proposals to the forms of public intervention, in a speculative way, starting from a Metropolitan Planning project within a medium and long term / As regi?es metropolitanas do Nordeste est?o gradualmente sendo inseridas em um cen?rio de investimentos internacionais, motivados pela reestrutura??o dos setores tur?stico e imobili?rio. O novo capital, agentes imobili?rios e configura??es espaciais resultantes deste processo indicam a necess?ria constru??o e implementa??o de instrumentos p?blicos que permitam minorar, pelo menos, os impactos urbanos e perdas ambientais decorrentes desse cen?rio. Os efeitos na paisagem e na configura??o socioespacial resultam da intensifica??o provocada pelo dinamismo do imobili?rio-tur?stico . Ocorre uma Integra??o regional como express?o da expans?o da mancha urbana metropolitana de Natal. Este estudo investiga as singularidades da reestrutura??o e inser??o territorial das zonas litor?neas e as estrat?gias do circuito de acumula??o do capital, constitu?do pela articula??o entre o imobili?rio e o turismo. Pretende-se ampliar o entendimento sobre as estrat?gias dos agentes tur?sticos, imobili?rios e das pol?ticas p?blicas envolvidas nessa reconfigura??o territorial e na capta??o dos recursos necess?rios ao investimento, compreender os efeitos socioambientais existentes e suas tend?ncias futuras e entender as formas de produ??o espacial como resultantes da aproxima??o de pr?ticas de transforma??o do solo e de valoriza??o tur?stica da paisagem, de modo sincr?nico, primeiro na regi?o nordeste e, como estudo focal, na Regi?o Metropolitana de Natal. Igualmente se pretende apreender os atuais processos de metropoliza??o do litoral oriental do RN, al?m de indicar sua transforma??o f?sicoterritorial e os tipos de projetos/empreendimentos fomentados pelo mercado em fase recente. Com base em an?lises j? realizadas para a Regi?o Metropolitana de Natal RN, este trabalho delineia algumas reflex?es sobre os instrumentos legais pass?veis de serem ajustados aos munic?pios impactados pelo fen?meno peculiar e recente ? regi?o, provocado pela chegada do capital imobili?rio-tur?stico . Pretende-se apontar proposi??es b?sicas ?s formas de interven??o p?blica, em um panorama especulativo, a partir de um Planejamento Metropolitano para m?dio e longo prazo

Made available in DSpace on 2015-12-03T18:33:10Z (GMT). No. of bitstreams: 1 Daniel_Scolese.pdf: 741904 bytes, checksum: 72e559eedf1f1c365555a4d3ec62ee60 (MD5) Previous issue date: 2014-06-25 / The investments through Real Estate Funds provided access to the little investors to put money in the Real Estate segment. The hike of investors in this type of investment is increasingly perceived, what encourages the market to increase the supply of new products to attend this demand. In this sense, it presents results regarding the risks and factors that may influence the profitability of these investments, taking into account the limited information available to retail investors. This paper explores the return of Real Estate Funds, seeking to measure the sensitivity of its return comparing to indexes of financial market indexes of fixed income, equities and Real Estate. The methodology adopted in this study was the regression, arranged through panel data, being the returns of the funds the variable to be explained. As explanatory variables it was tested indexes of the financial market on fixed income, equities and Real Estate. The study concluded that the investment in Real Estate Funds had its return linked to the housing/Real Estate, the fixed income and equities markets / Os Fundos Imobili??rios possibilitam o acesso de pequenos poupadores ao investimento no segmento imobili??rio. Cada vez mais se percebe o aumento de investidores nesse tipo de aplica????o, o que incentiva o mercado a aumentar a oferta de novos produtos para atender essa demanda. Nesse sentido, s??o apresentados os resultados em rela????o aos riscos e fatores que podem influenciar a rentabilidade desses investimentos, levando em considera????o a pouca informa????o dispon??vel aos pequenos investidores. Este trabalho explora o retorno dos fundos de investimentos imobili??rios, buscando medir a sensibilidade de seu retorno frente a ??ndices do mercado financeiro do segmento de renda fixa, de renda vari??vel e do segmento imobili??rio. A metodologia adotada neste estudo foi a da regress??o m??ltipla, sendo o retorno dos fundos selecionados a vari??vel a ser explicada. Como vari??veis explicativas foram testados os ??ndices do mercado financeiro dos segmentos de renda fixa, renda vari??vel e do segmento imobili??rio. O estudo concluiu que o investimento em Fundo Imobili??rio n??o tem seu retorno associado somente ao mercado imobili??rio, mas, traz consigo, componentes da varia????o do segmento de renda fixa e da renda vari??vel

Made available in DSpace on 2014-12-17T13:57:04Z (GMT). No. of bitstreams: 1 MariaCM_ate_Bibliografia.pdf: 2147377 bytes, checksum: 17055cddddfb1ad0b0d0045f3d71d747 (MD5) Previous issue date: 2004-10-21 / As an example of what happened in Brazil in the 90s, it s noticed in Natal a new system of cooperative housing production which is done by advancing the users resources selffinancing. This system comes as an alternative for the real state market performance since the end of the National Housing Bank (BNH), in 1986. Self-financed housing cooperatives play an important social role by contributing to own housing acquisition by low-income population, without, however, becoming a mechanism of social interest housing production. It is important to consider that Brazil registers a housing deficit of 6.6 million housing units (IBGE 2000/Census), which, compared to 1991, shows an increment of 21.7% to a growth rate of 2.2% a year. This deficit figure has been deepening, mainly with the end of the National Housing Bank (BNH). The self-financed cooperative housing production broadens around the Metropolitan Region of Natal (RMN) and remains as an alternative to the lack of financing in the housing / real state market. In general, the aim of this work is to analyze the role of self-financing housing cooperatives on the housing production in the RMN, in order to identify their role in the real state market, in the own housing promotion and in the housing policy. The Universe of this study is performance of four housing cooperatives - CHAF-RN, COOPHAB-RN, MULTHCOOP e CNH - that work through self-financing. It is considered here an amount of 38 undertakings launched between 1993 and 2002, including 8143 housing units. The methodology adopted consists of bibliographic, documental and field research. As a result, actions like brokerage, marketing, speculation, and the criteria to define places for undertakings and final products, show how close they are to the housing market production. As a matter of fact, this short distance explains why the self-financed cooperative production for social interest housing is still limited. This reinforces the theory that it is necessary to define and implement a subsidized housing policy to serve the low-income Brazilian population / A exemplo do que ocorreu no Brasil na d?cada de 1990, surge em Natal, 1993, um novo sistema de produ??o cooperada de moradia que consiste na antecipa??o de recursos dos pr?prios usu?rios ? produ??o - autofinanciamento. Esse sistema nasce enquanto uma alternativa para o desempenho das atividades do mercado imobili?rio face ? redu??o e escassez do financiamento estatal, ap?s a extin??o do Banco Nacional da Habita??o -BNH, em 1986. As Cooperativas Habitacionais Autofinanci?veis desempenham importante papel social, ao contribu?rem para a aquisi??o da casa pr?pria para determinados segmentos da popula??o, sem, no entanto, se constitu?rem mecanismo de promo??o e produ??o de habita??o de interesse social. Vale lembrar que o Brasil registra um d?ficit habitacional de 6,6 milh?es de unidades (IBGE -Censo/2000) que, comparado ao de 1991, significa um incremento de 21,7% a uma taxa de crescimento de 2,2% ao ano. O quadro de d?ficit vem se aprofundando, principalmente com a extin??o do BNH. Esta forma cooperada de produ??o de moradia se expande pela Regi?o Metropolitana de Natal (RMN) e constitui, ainda hoje, uma alternativa ? escassez de financiamento no mercado imobili?rio habitacional. O objetivo deste trabalho, no geral, ? compreender o papel das Cooperativas Habitacionais Autofinanci?veis na produ??o de moradia na RMN, a fim de identificar o seu papel no mercado imobili?rio, na promo??o da casa pr?pria e na pol?tica habitacional. O universo considerado ? a atua??o das Cooperativas Habitacionais com sede em Natal - CHAF-RN, COOPHAB-RN, MULTHCOOP e CNH -que atuam atrav?s do autofinanciamento. ? considerada a totalidade dos 38 empreendimentos lan?ados no per?odo de 1993 a 2002, abrangendo 8143 unidades habitacionais. A metodologia adotada contempla a pesquisa bibliogr?fica, documental e de campo. Enquanto resultados obtidos, a reprodu??o de pr?ticas, como corretagem, marketing, especula??o, os crit?rios utilizados para defini??o de localiza??o dos empreendimentos e o produto final, demonstram a estreita aproxima??o com a produ??o mercantil de moradia. Ali?s, o n?o distanciamento da l?gica de produ??o de mercado se constitui um elemento que explica as limita??es da produ??o cooperada autofinanciada para habita??o de interesse social. Isto refor?a a tese da necessidade de defini??o e implementa??o de uma pol?tica habitacional subsidiada para atender a popula??o brasileira de baixa renda

Made available in DSpace on 2014-12-17T13:57:09Z (GMT). No. of bitstreams: 1 HudaASL_DISSERT.pdf: 5424305 bytes, checksum: 3866214b3132f6f2d8c81f57837be00b (MD5) Previous issue date: 2012-04-10 / Conselho Nacional de Desenvolvimento Cient?fico e Tecnol?gico / This study presents research regarding affordable housing and their effects on the spatial reconfiguration of Natal/ RN, aiming to identify the specificities of the informality of urban land. This study aims to understand how informal housing market operates housing provision for the population located in popular informal settlements, through buying and selling market and rental market of residential properties irregular / illegal. This understanding will be through the neighborhood of M?e Luisa, Special Area of Social Interest (SASI), located between neighborhoods with a population of high purchasing power and inserted into the tourist shaft of seaside of town. The characterization of informal housing market in M?e Luiza, from buyers, sellers and renters, will help to understand how these informal transactions operate on SASI and housing provision for public policy development and implementation of housing programs and land regularization for low-income population, adequate to dynamic and reality of housing of informal areas / O presente trabalho apresenta estudos referentes ? habita??o social e seus efeitos sobre a reconfigura??o espacial de Natal/RN, visando identificar as especificidades da informalidade do solo urbano. Busca compreender como o mercado imobili?rio informal opera a provis?o habitacional para a popula??o situada em assentamentos populares informais, por meio do mercado de compra e venda e loca??o de im?veis resid?ncias irregulares/ ilegais. Esse entendimento ocorreu a partir do bairro de M?e Luiza, ?rea Especial de Interesse Social (AEIS) situada entre bairros com popula??o de elevado poder aquisitivo e inserido no eixo tur?stico de orla mar?tima da cidade. A caracteriza??o do mercado imobili?rio informal em M?e Luiza, tomando como base os compradores, os vendedores e os locat?rios, contribuir? para compreender como essas transa??es informais operam a provis?o habitacional em AEIS e para a elabora??o de pol?ticas p?blicas e implanta??o de programas habitacionais e de regulariza??o fundi?ria a popula??o de baixa renda, adequadas ? din?mica e realidade da moradia das ?reas informais

Made available in DSpace on 2015-03-13T17:10:43Z (GMT). No. of bitstreams: 1 CarmemCFA_DISSERT.pdf: 2091746 bytes, checksum: db4fb618fee6a99b59babd4be655108a (MD5) Previous issue date: 2011-02-21 / This paper aims at analyzing the dynamics of informal housing in M?e Luiza, in the context of real estate valuation of the city of Natal/RN, which, like any other urban center, has problems related to access to urban land, which increasingly more is appreciated due to their scarcity and, consequently, has led to the segregation of urban spaces. Recently, the informal housing market has received special attention by scholars who wish to discuss the production of space and ways of access to urban land and housing, especially for those disadvantaged by the housing policies of the government where these exist. When talking about the housing market, we are automatically referring to concepts or categories intrinsic to the existing mode of production in our society - the capitalism. Thus, the categories: income, value (use and exchange), commodity, capital, profits and capital gains, along with other important concepts as well as land use (urban) and real estate agents are of great relevance to discussion we intend to do within the context of production space / O presente trabalho tem por objetivo principal analisar a din?mica imobili?ria informal em M?e Luiza, no contexto da valoriza??o imobili?ria da cidade de Natal/RN, a qual, assim como qualquer outro centro urbano, apresenta problemas relacionados ao acesso ao solo urbano, que cada vez mais tem se valorizado devido a sua escassez e, por consequ?ncia, tem provocado a segrega??o dos espa?os urbanos. Nos ?ltimos tempos, o mercado imobili?rio informal tem recebido uma aten??o especial por parte de estudiosos que desejam discutir a produ??o do espa?o e as formas de acesso ao solo e ? moradia urbanos, em especial por aqueles desassistidos pelas pol?ticas habitacionais do governo, quando estas existem. Ao se falar em mercado imobili?rio, automaticamente estamos nos remetendo a alguns conceitos ou categorias intr?nsecas ao modo de produ??o vigente em nossa sociedade o capitalismo. Desse modo, as categorias: renda, valor (de uso e de troca), mercadoria, capital, lucro e mais-valia, juntamente com outros conceitos tamb?m importantes, como uso do solo (urbano) e agentes imobili?rios s?o de grande relev?ncia para a discuss?o que se pretende fazer dentro do contexto da produ??o do espa?o