Tag Archief van: realestate

NoorderRuimte, Research Centre for Built Environment, performs practice-oriented research into the built environment of North Netherlands. The Centre clusters the professorships Earthquake Resistance and Promising Groningen, Facility Management, Living Environment in Transition, Spatial Transformations and Real Estate. NoorderRuimte’s professorships and its professors work closely together and focus on four key themes: Earthquake Resistance, Sustainability, Health & Wellbeing and Liveability. These themes tie in with the current issues and challenges of the North. NoorderRuimte has links with BuildinG and the Global Centre on Adaptation.
Would you like to be part of the research into (and discussion on) sustainable real estate and the quality of the built environment in North Netherlands?
For our professorship Real Estate we are currently seeking a
Professor (lector) Real Estate
Economically and socially profitable real estate markets of the future
0.6 FTE
Position in the organisational structure
You are responsible for the professorship Real Estate and will closely cooperate with other professors within the Research Centre NoorderRuimte. You are accountable to the Dean of the School of Business Management.
What we expect
You initiate and coordinate practice-oriented research into real estate-related issues. You are able to link research results to the professorship and embed these results in our educational programmes, particularly in our courses Real Estate Management, Built Environment and Facility Management. You set a clear course for the professorship and provide its themes with content and allure. You always aspire to lift the professorship to a higher level. Your focus here is on researching the real estate markets of the future, with a prominent place for finding an economic and social justification for spatial interventions (SCBA). Also, you are able to calculate the value and social impact of interventions developed by other professorships.
You do this jointly with a team of field experts and teacher-researchers; the so-called professorship or research group. You publish obtained knowledge and insights and translate these for use in the classroom and into practical applications. You are literally the bridge between education and practice. You lead practice-oriented research projects and support educational programmes in cooperation with research group members, professional practice and other professorships within the Research Centre. You write, raise external funds for and execute research proposals (target: 40% external financing). Also, you maintain the professorship’s regional, national and international network in order to reinforce cooperation between (Northern) professional practice and the UAS and intensify the circulation of knowledge. As a professor you are also involved in educational development, e.g. the development of a master’s. Furthermore, as professor Real Estate you have a coordinating role. You collect and develop knowledge, make it available and apply it. It is your ambition to develop this further. You are an excellent manager of both starting and experienced researchers. Experience in cooperation with authorities and the corporate world is an advantage. The same goes for experience in accreditation processes.
Teaching and research remit
Within the region, the development of a balanced supply in the various real estate markets is an important social challenge, which differs for commercial and social real estate. Balancing real estate markets requires an integral approach of real estate development. This integral approach is demand-oriented, fits within the relevant legal frameworks (e.g. Environment and Planning Act) and provides insight into social costs and benefits, sustainable forms of financing and a healthy sustainable exploitation.
The professorship’s remit is to perform research into futureproof scenarios for real estate markets. An important point in this research is the testing of such scenarios with regard to their financial, economic and social impact. This requires thorough research into advanced valuation methods. Thus, the professorship will increase the understanding of to what extent existing real estate markets are futureproof. At the same time it plays a leading role in making choices on real estate development and management.
Within NoorderRuimte we also ask ourselves the question of which developments in North Netherlands affect its (perceived) liveability. How can the built environment contribute to a healthy living environment and what facilities does this require? As a research centre we want to be a key player in projects regarding evidence-based design and healing environments, such as the Groningen project Healthy Cities. These last two developments are closely connected to Hanze UAS’ strategic themes Energy and Healthy Ageing, with a focus on the built environment. Regional development is aimed at long-term financial and social value creation. As professor Real Estate you play an important role in these developments. You specialize in research into and the execution of social cost and benefits analyses (SCBAs), combined with scenarios for real estate markets and issues relevant to the Research Centre. Impact is a key principle.
Job requirements
– PhD graduate, with a background in real estate, combined with business studies, economics or econometrics; knowledge of and experience with SCBAs;
– vast (practical) research experience in the interactions between regional development, buildings and people;
– a vision on the development of real estate markets and research experience in real estate development and valuation;
– knowledge of real estate valuation, investment and model-based value appraisal systems;
– proven experience in research development, coordination and supervision, including PhD-research within higher professional education and fundraising for PhD-research;
– knowledge of and experience in writing grant applications;
– excellent national and international relations with relevant companies, authorities and research institutions;
– RICS-accredited or willing to become so.
You are an experienced practice and action-oriented researcher, capable of translating practical questions into research subjects and vice versa. You are able to integrate research and knowledge obtained within the Research Centre into education by having students and teachers participate actively in research. You build bridges between education, research, authorities and the corporate world, you know how to inspire professionals and encourage them to innovate through research. In doing so, you display a great deal of organisational sensitivity and you know how to balance different interests. You have an enterprising and innovative attitude, which makes you highly visible both in and outside the Research Centre and keeps you well-informed about and open to new developments. You recognize research opportunities and are an active influencer. You have the ability to connect people and as a person display a healthy balance between sensitivity and a businesslike attitude. In addition, you are a pleasant and clear communicator. You are entrepreneurial, decisive, inspiring and quality conscious.
What we offer
We offer you a temporary appointment of 0.6 FTE, on the basis of a 4 year professorship as Professor A (salary grade 15). In accordance with Collective Labour Agreement for Higher Professional Education (CAO-HBO) the gross salary is € 5.219 minimum and € 7.284 maximum per month for a fulltime appointment. 
Hanze UAS offers excellent fringe benefits, including 13th month pay. Also, Hanze UAS encourages the continuing professionalisation of its employees.
On taking up employment at Hanze, new employees must provide a certificate of good conduct. Hanze UAS will reimburse its costs.
An assessment may be part of the selection procedure.
For further information, please contact Ms. Renate Coumou, Dean School of Business Management, at (0031) (0)655125068.
Applications can be e-mailed to r.a.coumou@pl.hanze.nl

This paper is one of the first to investigate the presence of a monument premium for commercial real estate. We study a sample of offices located in monuments that were offered for rent and match them with offices without that status in the proximity. We find convincing evidence for a large premium, but only outside the Randstad area. The matching is crucial. Controlling for the age of the buildings and the treatment of service costs does not change our findings.
The absence of a monument premium in the Randstad area is a surprising finding. 

The value of historic buidings
Historic buildings are an important historic urban amenity. Such amenities contribute to an attractive living environment as can be verified by comparing the vivid centers of many older European cities that attract many tourists and the CBDs of many U.S. cities that are predominantly concentrations of employment. The desire to conserve older buildings is the main reason for listing them as monuments. The fact that they are regarded by many as attractive does not necessarily safeguard them from demolition as other uses of the land on which they sit may be regarded as even more profitable. Although this may suggest that listing has a negative impact on the value of real estate, empirical studies have often found that there is a premium associated with it. The probable explanation is that for many monuments the restrictions imposed by the protected status are not binding and that the monument status signals the valuable aspects of the building that explains the listing. The latter effect may be reinforced by eligibility for subsidies or favorable tax treatment that may be associated with monument status.

To read the full version of the article download the pdf


Authors: drs Jan-Hylke de Jong & prof dr Jan Rouwendal

Tijdens het Symposium op 23 november heeft de jury de winnaar bekend gemaakt van de VOGON Research Award 2018, een stimuleringsprijs die jaarlijks wordt uitgereikt door de VOGON aan de beste beoordeelde vastgoedpublicaties in Real Estate Research Quarterly.

De Research Award 2018 gaat naar het artikel “De bieden-vanaf-prijsmethode in een herstellende woningmarkt“. De auteurs dr.ir. Ingrid Janssen en dr. Roger Bougie zijn beiden verbonden aan TIAS.

De jury prijst de nadere analyse van woningverkoop en verkoopstrategieën in tijden van crisis en herstel. De bijdrage van de auteurs gaat in op de zogeheten bieden-vanaf-prijsmethode bij woningverkoop over de periode 2009-2016. Het onderzoek laat zien dat, ten opzichte van een reguliere verkoopmethode, de bieden-vanaf-prijsmethode in tijden van crisis tot snellere verkoop leidt maar tegen een lagere prijs. In tijden van herstel, leidt deze verkoopmethode tot een hogere verkoopprijs én een snellere verkoop van een woning (dan de reguliere verkoopmethode). Het onderzoek onderstreept dat ‘de’ verkoopstrategie niet bestaat, maar slim gekozen moet worden en afhangt van de situatie op de woningmarkt. De jury roemt de heldere analyse, de interessante vraagstelling en praktische relevantie. Daarbij is de methode wetenschappelijk verantwoord.

Eervolle vermelding
Een eervolle vermelding wordt toegekend aan de bijdrage “Mobile promotions in winkelcentra” door ir. Aloys Borgers, ir. Roel Vos en dr.ir. Astrid Kemperman.

De auteurs onderzoeken acceptatie van ‘mobile promotions’ in winkelcentra en in hoeverre route en verblijfsduur beïnvloed kunnen worden op een innovatieve manier. De jury erkent de praktische relevantie van (acceptatie van) nieuwe big-data verzamelingsmethoden, in een tijdperk van data analytics, AVG’s en Research data management plans (RDMPs). Doordat de consument bereid is een app te installeren, stelt de consument gegevens beschikbaar om verbanden te leggen tussen winkelgedrag en persoonlijke kenmerken.

De genomineerden ontvingen een oorkonde en de winnaars daarbij een geldbedrag. De prijsuitreiking vond plaats tijdens het jaarlijks VOGON Symposium.

Blijf op de hoogte van nieuwe RERQ-publicaties en volg ons op LinkedIn RealEstateResearchQuarterly

of word nu lid en maak zo onafhankelijk vastgoedonderzoek mede mogelijk. 

Real estate is an inherent illiquid asset class compared to, for example, stocks and bonds. Especially during the Global Financial Crisis (GFC) the importance of (the lack of) market liquidity became clear. Prices fell tremendously, but maybe even more importantly, investors and households were not able to sell their assets as quickly as desired. For investors, lower liquidity of their investment portfolio means that it is more difficult to rebalance their portfolio. For households, lower liquidity implies that they are not able to move if desired, which has consequences for labor mobility as well.

Prices and liquidity move together
The goal of this article is to present liquidity indices for Amsterdam, intuitively explain the models, and to provide some stylized empirical facts. This article estimates two different empirical liquidity measures for the residential real estate market in Amsterdam. One measure focuses on the first dimension of liquidity (market tightness) and one measure focuses on the fifth dimension (immediacy). The results further include a discussion on the commonality between these measures and the co-movement with prices. The results indicate that the two measures – based on different data – are very similar and both show a strong decrease in market liquidity during the GFC. In the recent years, market liquidity recovered to pre-crisis levels.

To read the full version of the article please download the PDF

Author: Dorinth van Dijk