This Master´s thesis deals with investing in buying a real estate in the various regional cities in the Czech Republic. It focuses primarily on the determination of the yield of these investments at a pre-defined parameters. There are also described and considered property, tax and legal aspects of investment options.

rea of real estate practice is extremely extensive and real-estate market as a whole conceals and connects many scientific disciplines that reflect and contribute to its functioning. Differentiating market and curiosity, whether existing legislation reflects the current need for real estate market in the Czech Republic, played an important role in choosing the theme of my final thesis. I performed an analysis of adjustments related to business in real estate activities. With a view to these facts has been made establishment, that the current legislation appears to be "totally inadequate". It does not define any criteria that would select those in participating in the property market in Czech Republic. The only solution to this absurd situation of trade law is an amendment or other legislation to ensure the entry of new players on the real estate market, provided proof of professional competence and moral integrity, or the introduction of compulsory licenses in real estate activity, which should lead to an overall improvement in the real estate market - not only commercially and ehically.

The master's thesis deals with possibilities for using of spatial analyses for purposes of the real estate market in using geographic information system. The focus of this thesis is on the issues for the search of appropriate documents for project development in GIS and data processing. For the definition of functional spatial analyses are followed criteria of the property location, building location, transportation accessibility, availability of services, physical and geographical parameters, positive and negative effects of the environment, restrictions on use. GIS project is presented as an interactive map containing the input data and the individual spatial analyses which describe the analyzed factors or criteria affecting the real estate market. The results of analyses represent the advantage possibilities of using GIS for dealing with appropriate of practical use for the purpose of the real estate market.

Property taxes and their place in the tax system Abstract In the thesis I dedicate my research attention to legal areas with high social resonance and the endless interest of the broad scientific community. The issue of taxes, especially property, undoubtedly appeals to the large civilian public who encounters it in its real life, and yet it is a constant object of research by the scientific juristic community and the giants of legal theory and practice. Taxes are one of the natural legacy of a citizen with the state. There is no need for a long search to find that the tax and tax policy of the state are among the essential attributes of its independence and sovereignty, both internally and externally in the modern world. In particular, through taxes, public budgets and funds, such as state and municipal finances, serve to meet their needs, protect property and inhabitants. Thus, the thesis also contains a brief historical treatise on property tax, which is relevant for the examination of the legal property tax field, especially so that the factors of their importance, location, position and continuity, as well as discontinuity in the tax system, are easier to determine. Looking at the past in order to determine the formation and application of property taxes in our geographical area, together with a...

I takt med att fastighetsbranschen blir mer kundorienterad ökar möjligheten för fastighetsbolag att utöka sitt tjänsteerbjudande för att möta kunders behov. Denna studie strävar efter att undersöka om fastighetsbolag i Malmö erbjuder tilläggstjänster utöver kärntjänsten vid uthyrning av lokaler. Syftet besvaras genom studiens problemformulering som undersöker hur fastighetsbolag arbetar med ett utökat servicekoncept vid uthyrning av lokaler. För att besvara studiens problemformulering har författarna genomfört fem intervjuer med anställda på större fastighetsbolag i Malmö. Studiens respondenter ansvarar för uthyrning av lokaler alternativt arbetar nära uthyrningsprocessen. Dagens fastighetsbolag strävar efter att sätta företagen som sitter i deras fastigheter i fokus för att sedan anpassa sina tjänster utefter kundens behov. Att kontinuerligt utvärdera sina tjänster och erbjuda tjänster med en hög tjänstekvalitet bidrar till hög kundlojalitet, kundnöjdhet och ökad konkurrenskraft. I resultatet framkommer det att idag erbjuder fastighetsbolag tjänster utöver kärntjänsten och därmed erbjuds ett utökat tjänsteerbjudande. Dock saknar fastighetsbolag ett tydligt servicekoncept med erbjudande av tjänster till kund. / As the real estate industry becomes more customer-oriented, the opportunity for real estate companies to expand their service offering to meet customer needs is increasing. This study aims to investigate whether real estate companies in Malmö offer additional services in addition to the core service when leasing premises. The purpose of this study is answered through the problem statement that examines how real estate companies work with an extended service concept when renting out premises. To answer the study’s problem statement, the authors conducted five interviews with employees at major real estate companies in Malmö. The study respondents are responsible for leasing commercial real estate or are working closely with the leasing process. Today’s real estate companies strive to put the companies in their properties in focus and then adapt their services according to the customer’s needs. Continuously evaluating services and offer services with a high quality contributes to high customer loyalty, customer satisfaction and increased competitiveness. The result shows that today’s real estate companies offer services in addition to the core service and thus an extended service offering is offered. However, real estate companies lack a clear service concept with offering of services to the customer.

Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, Center for Real Estate, 2008. / This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. / Includes bibliographical references (leaf 78). / With the current absence of a REIT-styled vehicle in China, this thesis examines the potential opportunities and obstacles pertaining to the future introduction of REITs in China. The thesis provides a comparative analysis on major REIT regimes around the world, in terms of formation, structuring and operation guidelines, to identify their level of similarity and variance. The thesis then shifts its focus to China, examining the development background of China's real estate sector and analyzing China's market fundamentals and regulatory environment. Lastly, the thesis provides a closer look at the REIT sector in Singapore and Hong Kong and discusses their operational experience of the assets in China. The thesis finds that REITs are regulated differently among countries. However, a number of core criteria must be maintained to ensure the success of REITs in China. Commercial real estate, although accounts for a small share of the real estate market currently, has grown rapidly in recent years and is at the beginning of a boom as China continues to grow and mature as a market economy. On the capital side, the Chinese real estate companies are heavily dependant on bank loans to finance their development projects and there is a strong need for alternative and diversified financing vehicles for future growth. However, China also proves to be a complex market with a unique state-owned land system, with many social issues to confront as a developing country and with a constantly changing and evolving regulatory framework. All of these pose numerous challenges to the adoption of REITs in China. It is clear that a REIT-styled investment vehicle fits the current and future needs of the Chinese real estate sector. Although China is not yet ready to adopt REITs by international standards, China must pursue the experiment of such practice amid of the challenges. China's growth path in the past thirty years with its remarkable economic reform has just proved this point. / by Tianjin Luo. / S.M.in Real Estate Development

Thesis (M.C.P.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning; and, (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, Center for Real Estate, 2009. / This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. / Cataloged from student submitted PDF version of thesis. / Includes bibliographical references (p. 81-83). / For generations, housing programs have sought to utilize redevelopment projects to accomplish broader community revitalization goals. Contemporary affordable housing practice embodies this idea in large housing development projects, often funded through government programs such as HOPE VI. This "Conventional" revitalization is primarily based on experiences within the distressed housing projects of large cites, on the false premise that the impacts of redevelopment will be the same in a small post-industrial city as in a large, economically diverse one. Housing developers entering the context of a small post-industrial city must reconsider this idea. They must understand an idea of "holistic" housing revitalization that leverages the development process to make positive economic, physical, and psychological impacts that specifically address the specific challenges in these cities, such low civic capacity, poverty, low governing capacity, large immigrant populations, and an abundance of vacant properties. Fortunately these places possess inherent assets, such as walkable scale, historic architecture and cultural institutions, that present unique opportunities which position them to lead a national economic recovery through sustainable building projects. This report focuses on three cases of current, innovative housing development: * An industrial mill conversion that creates a new mixed use neighborhood in Lawrence, Massachusetts; * An adaptive reuse of a prominent hotel in Flint, Michigan that has sat vacant for 30 years into new downtown student housing; and * A new apartment community for single-parent, full-time students in Owensboro, Kentucky. / (cont.) Against the background of the broader evolution of holistic housing development, the cases directly address the unique challenges of small cities. Comparing the cases and their formative partnerships, concepts and strategies yields a wide range of data to support an idea of Holistic revitalization in these places. The primary data include over twenty hours of interviews with project proponents and stakeholders, as well as development proposals, zoning opinions, financing applications, consultant reports and local press coverage. Together, they provide a detailed view of Holistic revitalization and the tools of its implementation in small post-industrial cities. / by Jeffrey Beam. / S.M.in Real Estate Development / M.C.P.

Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, Center for Real Estate, 2008. / This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. / Includes bibliographical references (leaves 50-51). / There have been many studies about office demand with relation to employment focused at the MSA level. This paper investigates the relationship between office demand and office employment between downtown and suburban markets. The paper provides an analysis of office demand and employment across 43 downtown markets and 52 suburban markets for the years 1998 and 2006. Correlation and multi-variable regression analysis are used to determine the relationship between office demand, employment, and rent as well as the relationship between downtown and suburban markets. The analysis is divided into three parts. The first part focuses on levels of office employment against levels of office demand in each market for each year separately. The second section investigates the change in office demand against the change in employment and rents for each market over the two years. Finally, the third part analyzes the relationship of office demand, employment and rent between downtown and suburban markets. The paper uses employment data categorized by industry using the North American Industry Classification System (NAICS). Employee counts are estimated from the establishment data available by zip code from the U.S. Census Bureau. By using employment data at the zip code level, the study is able to split the MSA into downtown and suburban markets. The study focuses on six industries thought to use the majority of office space. / by Nikhil Patel. / S.M.in Real Estate Development

Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, Center for Real Estate, 2008. / This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. / Includes bibliographical references (leaves 68-69). / In its Global Economics Paper Nc.134, the Goldman Sachs Economics Group highlights the West African country of Nigeria as having the potential to be among the next generation of emerging markets around the world the next eleven (N-11) - after their much publicized BRIC countries: Brazil, Russia, India and China. Nigeria - the only country included from Sub-Saharan Africa - is shown to have the potential to become one of the top 20 economies of the world by 2025: owing to such indicators as recent GDP growth - and projections for continued growth - and its substantial population. As is typical with emerging markets, rapid growth in Nigeria's economy translates into an equally rapid growth in the demand for institutional quality real estate and the first signs of this can already be observed in the country's major markets of Lagos, Port-Harcourt and Abuja. This growirg demand has however been met with very limited supply, resulting in high and growing rents in these markets and an opportunity for profitable real estate investment, where they can be found. This paper examines the role of the public sector as one such source of real estate investment opportunity: The public sector having hitherto played a very active role in the country's real estate development. An analysis will be made of the historical development of public sector inflence on real estate; and then an evaluation made, on the opportunities being created, as this influence is directed towards encouraging private sector investment and expertise. / by Oladimeji Odusote. / S.M.in Real Estate Development

Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, Center for Real Estate, 2008. / This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. / Includes bibliographical references (leaf 69). / This paper introduces three new tools for the analysis and replication of real estate development returns. In particular, this paper discusses advanced sensitivity analysis, real estate development return indexes and synthetic real estate development investments. The advanced sensitivity analysis allows us to produce subjective ex ante return distributions. This analysis will allow developers and investors to "see" the shape of their investments return distribution. The benefits of knowing the shape of the subjective ex ante return distributions is that it may help developers and investors make better decisions and negotiate specific terms with each contributor in the capital structure. The ex post analysis allows us to produce development return indexes useful in the benchmarking of real estate development performance and in the creation of synthetic development investments by way of the new real estate derivatives. The development return indexes are created by transforming MIT's Transaction Based Index (TBI), which tracks stabilized property returns, into development return indexes through the use of a stylized mathematical model. / by Matthew S. Flowers. / S.M.in Real Estate Development