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How to Understand Residential Value and Valuation

Sustainable urban development requires education of professionals dealing with the built environment. Property valuers constitute one such important albeit neglected actor group. When the aim is to comprehend value and valuation, the questions to ask include the following argumentation: What is the ideal definition of sustainable development in a valuation context? Is it about the diversity of value systems? Or about long-term thinking in terms of reinvesting the profits harvested? And what is the role of generating data on these factors? The paper reports some suggestions for answering these questions in a residential context.

30.1.2014 | Tom Johannes Kauko | Volume: 1 | Issue: 1 | Pages: 1-8 | 10.13060/23362839.2014.1.1.29

The Housing Market Reform Agenda: A Review of a Recent Housing Policy Document in the Netherlands

The Dutch Cabinet published its Housing Market Reform Agenda on 17 September 2013. This paper describes the main features of the Agenda and presents an ex-ante evaluation of this policy document. The introduction of a landlord levy is one of the biggest inconsistencies in this Agenda. The Housing Market Reform Agenda is particularly critical of housing associations. There are good reasons to throw away the bath water, but the baby (= the housing association) should be nurtured.

29.1.2014 | Hugo Priemus | Volume: 1 | Issue: 1 | Pages: 9-16 | 10.13060/23362839.2014.1.1.25

Managing the Land Access Paradox in the Urbanizing World

In the midst of rapid urbanisation and economic growth, the developing world faces challenges in the relationships between land, poverty, and security. Rising social and economic exclusion and insufficient land regulations have spawned an informal housing sector. Given the risk to the broad base of middle- and low-income households in developing countries and the growing demands in urbanising land markets, it is imperative that governments develop a more fine-grained understanding of their land and housing policies.  Local authorities must also begin to consider innovative ways to preserve affordability in a market-responsive way. Community land trusts (CLTs) provide one means of resolving the paradox between formalising land ownership and mitigating exclusion from an increasingly unaffordable land market. CLTs seek to balance private property rights, which are the cornerstone of modern land markets and individual wealth, with the affordability and accessibility needs of the community.

28.1.2014 | Meagan Ehlenz | Volume: 1 | Issue: 1 | Pages: 17-25 | 10.13060/23362839.2014.1.1.26

The Development of New-Style Public Rental Housing in Shanghai

This paper studies the roles of the new-style PRH (public rental housing) programme in Shanghai’s socio-spatial dynamics. It shows that the development of PRH in Shanghai is mainly a result of a deliberate urban development policy in line with other strategies such as city marketing and gentrification. The analysis is augmented with data from a questionnaire survey of PRH tenants in Shanghai. Finally, this paper identifies challenges for the future development of the public rental housing sector in China.

27.1.2014 | Jie Chen | Volume: 1 | Issue: 1 | Pages: 26-34 | 10.13060/23362839.2014.1.1.27

Subjective or objective? What matters?

The aim of the paper is to discuss selected methodological problems of quantitative comparative housing research. The analysis is based on EU-SILC data and the concept of overcrowding is considered. We used two alternative definitions of overcrowding rate, both based on normative assumptions and each giving slightly different results. We tried to answer the question, which definition is better. The basic idea was that the closer the ‘objective’ rate of overcrowding is to its ‘subjective’ assessment, the better the selected method (definition) is. Moreover, it was shown that while in more advanced countries the share of households that consider dwelling space to be a problem is significantly higher than the share of households living in overcrowded dwellings based on ‘objective’ criteria, in post-socialist countries the opposite is true.

26.1.2014 | Petr Sunega | Volume: 1 | Issue: 1 | Pages: 35-43 | 10.13060/23362839.2014.1.1.28