The Future of Real Estate

$195.00


Series: Economic Issues, Problems and Perspectives

BISAC: BUS069000

No one can really predict how the real estate market will develop. However, we can look at patterns, how they might develop and thus give a direction to the future of real estate. This book wants to contribute to that.

COVID-19 has had a considerable influence on society and real estate, particularly in the recent period. We are surprised by a development that we had not seen coming and that has seriously impacted our lives. The various manifestations of lockdowns around the world have been gradually phased out and reset in 2020. This has a structural impact on living, working and shopping and therefore has a direct impact on the use of property. Since COVID-19 will be present in many respects for the foreseeable future, the pandemic will have a significant impact on real estate and urban developments. Perhaps when we look back on this period, this pandemic will prove to have been the starting point for drastic property changes.

Many were surprised by the empty shelves in supermarkets during the first days of the pandemic. The supply chains were running at full speed, but a large part of the retail sector came to a standstill or switched to online. Multi-channel has now really proven itself and COVID-19 has abruptly increased the demands on “last mile” logistics spaces. Much more will change in the area of supply chains. Moreover, in light of increasing trade tensions, there is a trend of onshoring and it is clear that logistics and warehousing will become increasingly important. Public space is also in the spotlight. The importance of parks and greenery was great during the lockdown. Guaranteed distance on streets and squares will remain the focus of attention in the coming period. Space is scarce. We need terraces in order to realize some turnover. And the fact that the car is currently considered a safe means of transport–what does that mean in terms of traffic pressure?

A number of real estate experts in the world at various universities have each looked at developments affecting the future from their own perspective and share that knowledge with everyone. Topics covered in this book are: (1) Blockchain and Real Estate in The Netherlands: A Database Exploring 2015-2018 and Extrapolation to the Future, (2) Principle of Substitution in the face of COVID-19 Pandemic: An Application to Tenant’s Choice in Commercial Real Estate Markets, (3) Selected Aspects of Slovenian Legislation on Lease of Agricultural Land and Forests, (4) Land Value Capture’s Potential in Norwegian Projects, (5) Environmental Stress and Contemporary Understanding of Human-built Environment Relations: Study Case on Zero-Waste City Ljubljana, (6) Property Development Viability and Community Spirit – Rethinking the Safety Angle, (7) Implementation of Land Policy at Local Level, and Impacts of the Functioning of the Real Property Market, (8) Work From Hotels: Is Hybrid the Future and (9) Real Estate as a Service.

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Table of Contents

Preface

Chapter 1. Blockchain and Real Estate in the Netherlands: A Database Exploring 2015-2018 and Extrapolation to the Future
(Jan Veuger, PhD – Professor Blockchain, Saxion University of Applied Sciences, Schools of Finance & Accounting, Creative Technology and School of Governance, Law and Urban Development in The Netherlands)

Chapter 2. Principle of Substitution in the face of COVID-19 Pandemic: An Application to Tenant’s Choice in Commercial Real Estate Markets
(Ephraim Kabunda Munshifwa, PhD, Niraj Jain, PhD, Anthony Mushinge, PhD, Roy Alexander Chileshe, PhD – Department of Real Estate Studies, Copperbelt University, Kitwe, Zambia, et al.)

Chapter 3. Selected Aspects of the Slovenian Legislation on Lease of Agricultural Land and Forests
(Marijana Kunc, MSc, Boštjan Aver, PhD, Alenka Temeljotov Salaj, PhD – European Faculty of Law, New Univeristy, Nova Gorica, Slovenia, et al.)

Chapter 4. Land Value Capture’s Potential in Norwegian Projects
(Alexander Bergsland Finsnes, MSc and Alenka Temeljotov Salaj, PhD – Vedal AS, Oslo, Norway, et al.)

Chapter 5. Environmental Stress and Contemporary Understanding of Human-Built Environment Relations: Study Case on Zero-Waste City Ljubljana
(Bojan Grum, PhD and Darja Kobal Grum, PhD – European Faculty of Law, Ljubljana, Slovenia, et al.)

Chapter 6. Property Development Viability and Community Spirit – Rethinking the Safety Angle
(Tom Kauko, PhD – Independent scholar, Budapest, Hungary)

Chapter 7. Implementation of Land Policy at Local Level, and Impacts of The Functioning of The Real Property Market
(Božena Lipej, PhD and Nastja Mihelj, MSc – European Faculty of Law, New University, Ljubljana, Slovenia, et al.)

Chapter 8. Work From Hotels: Is Hybrid the Future?
(Hester van Sprang, MSc and Brenda Groen, PhD – Saxion University of Applied Sciences, Deventer, The Netherlands)

Chapter 9. Real Estate as a Service
(Jan Veuger, Joris Winters, Herman J. Kok and Paul Wessels – Saxion University of Applied Sciences, The Netherlands, et al.)

Index

Reviews

“This book, inspired by the creation of the Foundation for International Blockchain and Real Estate Expertise (FIBREE), offers a phenomenal overview of the state of affairs of publicly available information examining the potential of blockchain recording the real estate transactions. Although real estate information is becoming increasingly digitized, it is fragmented and available on disparate systems, lacking transparency and creating a greater potential for fraud. Dr. Veuger recognizes blockchain as the technology with significant potential to drive transparency, efficiency, and cost savings in real estate markets. The blockchain-based smart contracts are the key enablers with potential to revolutionize real estate transactions related to sale, renting, and management. The book identifies the complexity of the real estate transactional ecosystem and the need to provide business incentives for each stakeholder in such a system as dominant obstacles to overcome before the wider use of blockchain in real estate applications.” – Dragan Boscovic, Research Professor, School of Computing, Informatics, and Decision Systems Engineering (CIDSE); Co – Director Center for Assured and Scalable Data Engineering (CASCADE); Director, Blockchain Research Lab (BRL)

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