This paper aims to focus on how participants link the degree of satisfaction regarding the living conditions and the level of maintenance of facilities. The authors were…
Abstract
Purpose
This paper aims to focus on how participants link the degree of satisfaction regarding the living conditions and the level of maintenance of facilities. The authors were interested in cross-cultural comparison between Slovenia and Serbia.
Design/methodology/approach
The main instrument for measuring the participants’ level of satisfaction is a questionnaire formed by the authors. The study of the questionnaire was conducted in two phases. Statistical analysis of the first phase covering factor analysis of the questionnaire and analysis of the reliability of the questionnaire (Cronbach’s alpha) in the second phase, descriptive statistics and analysis of variance were used. The study involved 1,006 Slovenian and 385 Serbian participants. Data were statistically analyzed by analysis of variance.
Findings
The results show that the Slovenian and Serbian participants express a statistically significant difference in the degree of satisfaction regarding the level of maintenance of the living environment, namely, with regard to the location of the real estate, the size of housing units, central heating and a sense of social belonging to the neighborhood. The overall picture shows that Slovenian participants have a considerably higher degree of satisfaction regarding the living conditions in the neighborhood and regarding the level of maintaining facilities than Serbian participations.
Research limitations/implications
These are potential risks of error arising from the use of assumptions, limited sample size and data from the secondary resources.
Practical implications
The results show that the law must clearly define the obligations of professional managers who will have to hold licenses to manage buildings. The residential community could be put into receivership if it is not organized in compliance with the law until it is regulated. That leads to efficient and streamlined maintenance costs and results in a better-quality living environment where users expect to reflect a higher degree of sense of security, a sense of social belonging to the neighborhood and consequently a higher degree of satisfaction.
Social implications
In this study, the authors were interested in how the participants link the level of satisfaction with the living conditions and the level of facilities maintenance. In doing so, the authors were also interested in living environment parameters, such as location, size, illumination, noise and old apartments, old neighborhoods, internet access, central heating and a sense of security in the neighborhood, a sense of social belonging and a sense of living environment and suitable economic status.
Originality/value
The major contributions of this paper are as follows: the law must clearly define the obligations of professional managers who will have to hold a license to manage the building. The adoption of the “Facilities Maintenance Law” helped promote the overall legal and economic climate in the country, which led to the increase of investments in all areas of economic and social life, as well as to a higher level of residential “well-being” (sense of security, sense of social belonging to the neighborhood and consequently a higher level of satisfaction).
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Bojan Grum and Darja Kobal Grum
There is a lack of theoretical and empirical studies regarding concepts of social sustainability based on social infrastructure. The idea of understanding this paper is that…
Abstract
Purpose
There is a lack of theoretical and empirical studies regarding concepts of social sustainability based on social infrastructure. The idea of understanding this paper is that quality social infrastructure leads to the general quality of people’s life in the built environment and that is rounded up to social sustainability. This paper aims to integrate these concepts into the network, hereinafter referred to as a social sustainability model.
Design/methodology/approach
The methodology used in this paper is desk research. The authors follow methodological steps in the building of conceptual network: setting up a research problem; choice of databases; reviewing the literature and categorizing the selected data; identifying and default conceptual definition; integrating the concepts; synthesis and making it all make sense; and assembly and validating the concept. Through that, a large volume of bibliographic materials was scanned, and a limited number of documents have been reviewed and critiqued. The documents have been selected from varied disciplines, including social infrastructure, quality of life, social sustainability, urban sociology, housing policy as among the articles.
Findings
The result is the model which represents the links between social infrastructure (utility equipment, public infrastructure, vital objects and fundamentals) and further between factors inside quality of life structure (users, quality of life, reflections). The result is the model which representing the links between social infrastructure (utility equipment, public infrastructure, vital objects and fundamentals) and further between factors inside well-being structure (users, quality of life, reflections).
Research limitations/implications
There is a potential risk of errors arising from the use of assumptions, limited desk reviews and data from secondary resources.
Originality/value
The authors portray the development of social sustainability model. Within this model, the authors can critically observe all levels within the existing built environment: user responses to the built environment, their satisfaction, social inclusion, health, etc. Within this model, they can observe the links between existing research, their frequency, capture, direction and not least to determine which areas have not been explored and where the lacks of research are. The conclusion outlines the framework and its main concepts of social sustainability based on social infrastructure and well-being, including their theoretical premises and components.
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Alenka Temeljotov Salaj, Athena Roumboutsos, Peter Verlič and Bojan Grum
Value capture seeks to generate revenue by extracting a portion of the gains in the value of land and property that result from improvements to transportation networks. The paper…
Abstract
Purpose
Value capture seeks to generate revenue by extracting a portion of the gains in the value of land and property that result from improvements to transportation networks. The paper aims to present the opportunities for facilities management (FM) on the level of participating more actively in the development of new area to help building a competitive and healthy area with high quality for residence, business and spare time. A framework also includes life period land valuation in the land value capture (LVC) for the assessment and revenue models for public private partnership (PPP) type of investments in the way to identify additional private profit so as to attract landlords to join the project.
Design/methodology/approach
Land valuation for expropriation is a useful method, which can be evaluated through the life period of the infrastructure. The value capture strategies are identified and respective policies are evaluated. Periodically, market value assessment of land within the value capture model is designed, by which the private partners could be attracted.
Findings
In the paper, LVC shows how the relation to increase value of land can bring competitive areas and as such give new opportunity for FM.
Originality/value
Capturing land value and widening the internalisation of external positive impacts enhances the perspective of project assessment and PPP financing models. This model may be used by public and private sector parties involved in PPP arrangements to improve project evaluation and the base of project finance.
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Bojan Grum and Alenka Temeljotov Salaj
The purpose of this paper is to present partial results of a survey conducted in Slovenia and Japan. Its aim is to determine factors, which have a decisive influence on potential…
Abstract
Purpose
The purpose of this paper is to present partial results of a survey conducted in Slovenia and Japan. Its aim is to determine factors, which have a decisive influence on potential acquirers of real estate rights when deciding to purchase real estate. Discussed is the role of personal expectations and the role of satisfaction of potential acquirers of real estate rights regarding factors related to the real estate in which participants live and according to their different cultural identity.
Design/methodology/approach
The authors follow the hypothesis that differences in personal expectations and expressed satisfaction of potential acquirers of real estate rights regarding real estate factors according to different cultural identity are statistically significant. The main instrument for measuring the participants' expectations is a questionnaire in which 1,270 participants took part.
Findings
By analysing the results of statistical analyses, the hypothesis is confirmed. Results show that Slovene participants compared to Japanese participants express a higher satisfaction level with the current real estate in which they live and at the same time lower expectations regarding practically all real estate factors. The article explains the difference of the higher expressed satisfaction with the difference in the level of residential estate ownership, which is higher in Slovenia. Also explained is the lower expectations of Slovene participants, with the conclusion that less than one‐third of Slovene participants are willing to give up certain key factors in case of a lower real estate price.
Research limitations/implications
There are potential risks of error arising from the use of assumptions, limited samples size and data from the secondary resources.
Originality/value
The major contribution of this paper is showing that expressed participants' high satisfaction with residential status does not necessarily generate high expectations regarding real estate factors.
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A first exploration of the impact of blockchain on real estate in the Netherlands took place in 2017. In the follow-up, several blockchain and real estate studies have appeared…
Abstract
Purpose
A first exploration of the impact of blockchain on real estate in the Netherlands took place in 2017. In the follow-up, several blockchain and real estate studies have appeared with research on real estate and blockchain worldwide. In view of the previous research, the question remained as to what is now happening worldwide in the field of blockchain and real estate. This has resulted in the start-up of the Foundation for International Blockchain and Real Estate Expertise (FIBREE) network. This network has led to the launch of two investigations: Industry Report Blockchain Real Estate 2019 on exploration of international products and a database exploring blockchain and real estate on exploring (inter)national research. This paper aims to provides an overview and analysis of all relevant scientific publications – targeted on the Netherlands – and does so within a context of a first small international exploration of international research, experts and products – in particular land registration.
Design/methodology/approach
I have asked everybody at the Regionals Chairs of FIBREE to collect data with info about which blockchain and real estate product-suppliers or initiatives do you see, which research-output on blockchain and real estate is there and who are the experts with which specific expertise? This paper provides an overview and analysis of all relevant scientific publications – targeted on the Netherlands – and does so within a context of a first small international exploration of international research, experts and products – in particular land registration.
Findings
This paper provides an overview and analysis of all relevant scientific publications – targeted on the Netherlands – and does so within a context of a first small international exploration of international research, experts and products – in particular land registration.
Research limitations/implications
A question that remains is to continue to look at existing markets or too disruptive innovation newcomers in the blockchain market. The question is whether blockchain is only a technological disruption or a real game changer and whether the entire value chain of the market is going to embrace this. Confidence in blockchain is therefore a precondition for guiding that disruption where (new) companies use new technology to offer cheaper and superior alternatives in the market. But the big question is how quickly blockchain will develop as well as all its applications.
Practical/social implications
A question that remains is to continue to look at existing markets or too disruptive innovation newcomers in the blockchain market. The question is whether blockchain is only a technological disruption or a real game changer and whether the entire value chain of the market is going to embrace this. Confidence in blockchain is therefore a precondition for guiding that disruption where (new) companies use new technologies to offer cheaper and superior alternatives in the market. But the big question is how quickly blockchain will develop as well as all its applications.
Originality/value
A first exploration of the influence of blockchain on real estate in the Netherlands took place in 2017. In the follow-up, several blockchain and real estate studies appear with research about real estate and blockchain worldwide.