Barriers to real estate investments for residential rental purposes: mapping out the problem
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/16400 |
Resumo: | The recent economic crisis led to significant changes in the real estate market; one of which was a shift toward home rental (rather than buying). Real estate investors have an important role in the growth of the rental market. However, there are often hindrances to investing for residential rental purposes. In order to overcome these barriers, they first need to be identified and understood. With this in mind, the main focus of this investigation was the creation of a conceptual model, through fuzzy cognitive mapping, to identify and understand the cause-and-effect relationships between the factors that represent an obstacle to real estate investments for residential rental purposes. The results show that cognitive maps can be of great use for the structuring of complex decision problems, minimizing the number of factors left out of the decision making process. In particular, the tenant risk behavior, property location and associated costs (for the owner) were identified as the main obstacles to real estate investment rental propose. The practical implications of the model, as well as the advantages and limitations of the process followed, are also discussed. |
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Barriers to real estate investments for residential rental purposes: mapping out the problemCognitive mappingDecision aidInvestmentRentingResidential real estateThe recent economic crisis led to significant changes in the real estate market; one of which was a shift toward home rental (rather than buying). Real estate investors have an important role in the growth of the rental market. However, there are often hindrances to investing for residential rental purposes. In order to overcome these barriers, they first need to be identified and understood. With this in mind, the main focus of this investigation was the creation of a conceptual model, through fuzzy cognitive mapping, to identify and understand the cause-and-effect relationships between the factors that represent an obstacle to real estate investments for residential rental purposes. The results show that cognitive maps can be of great use for the structuring of complex decision problems, minimizing the number of factors left out of the decision making process. In particular, the tenant risk behavior, property location and associated costs (for the owner) were identified as the main obstacles to real estate investment rental propose. The practical implications of the model, as well as the advantages and limitations of the process followed, are also discussed.Vilnius Gediminas Technical University2018-07-16T14:51:17Z2018-01-01T00:00:00Z20182019-03-20T15:31:56Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/16400eng1648-715X10.3846/ijspm.2018.1541Pires, A. S. C.Ferreira, F. A. F.Jalali, M. S.Chang, H.-C.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:26:52Zoai:repositorio.iscte-iul.pt:10071/16400Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:12:00.367867Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Barriers to real estate investments for residential rental purposes: mapping out the problem |
title |
Barriers to real estate investments for residential rental purposes: mapping out the problem |
spellingShingle |
Barriers to real estate investments for residential rental purposes: mapping out the problem Pires, A. S. C. Cognitive mapping Decision aid Investment Renting Residential real estate |
title_short |
Barriers to real estate investments for residential rental purposes: mapping out the problem |
title_full |
Barriers to real estate investments for residential rental purposes: mapping out the problem |
title_fullStr |
Barriers to real estate investments for residential rental purposes: mapping out the problem |
title_full_unstemmed |
Barriers to real estate investments for residential rental purposes: mapping out the problem |
title_sort |
Barriers to real estate investments for residential rental purposes: mapping out the problem |
author |
Pires, A. S. C. |
author_facet |
Pires, A. S. C. Ferreira, F. A. F. Jalali, M. S. Chang, H.-C. |
author_role |
author |
author2 |
Ferreira, F. A. F. Jalali, M. S. Chang, H.-C. |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
Pires, A. S. C. Ferreira, F. A. F. Jalali, M. S. Chang, H.-C. |
dc.subject.por.fl_str_mv |
Cognitive mapping Decision aid Investment Renting Residential real estate |
topic |
Cognitive mapping Decision aid Investment Renting Residential real estate |
description |
The recent economic crisis led to significant changes in the real estate market; one of which was a shift toward home rental (rather than buying). Real estate investors have an important role in the growth of the rental market. However, there are often hindrances to investing for residential rental purposes. In order to overcome these barriers, they first need to be identified and understood. With this in mind, the main focus of this investigation was the creation of a conceptual model, through fuzzy cognitive mapping, to identify and understand the cause-and-effect relationships between the factors that represent an obstacle to real estate investments for residential rental purposes. The results show that cognitive maps can be of great use for the structuring of complex decision problems, minimizing the number of factors left out of the decision making process. In particular, the tenant risk behavior, property location and associated costs (for the owner) were identified as the main obstacles to real estate investment rental propose. The practical implications of the model, as well as the advantages and limitations of the process followed, are also discussed. |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018-07-16T14:51:17Z 2018-01-01T00:00:00Z 2018 2019-03-20T15:31:56Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10071/16400 |
url |
http://hdl.handle.net/10071/16400 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1648-715X 10.3846/ijspm.2018.1541 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Vilnius Gediminas Technical University |
publisher.none.fl_str_mv |
Vilnius Gediminas Technical University |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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