Editorial
| DOI | https://doi.org/10.1108/IJHMA-02-2022-154 |
| Published date | 10 January 2022 |
| Date | 10 January 2022 |
| Pages | 1-3 |
| Subject Matter | Property management & built environment,Real estate & property,Housing markets |
| Author | Richard Reed |
Editorial
Introduction from the Editor –IJHMA Vol.15 No.1
Welcome to the first issue in the 15th volume of the International Journal of Housing
Markets and Analysis. These 14 innovative papers have completed a rigorous refereeing
process and include research into local, national and international housing markets. The
papers are all unique and highlight the breadth of continual challenges faced by housing
market researchers. This journal strongly promotes research into all international housing
markets including both developed and developing countries. The research approaches
include new emerging approaches to addressing research problems as well as traditional
and conventional approaches.
The first paper from Iran analyses the level of housing prices where the methodology used a
GMDH-type artificial neural network with the data referring to the biannual level of house prices
between 1995 and 2017. The accuracy of the model was examined using MAPE,RMSE and MAE
approaches to confirm the outcomes were acceptable. The findings identified the existence of
relationships between housing price in Isfahan city and specific factors. Most importantly, the
simplified formula can assist to better understand the status of this type of housing market. The
second paper from Hong Kong investigated if there was real estate price clustering for different
land uses and which factors, if any, influenced real estate price volatility. The methodology used
an ARMA-GARCH model and examined data relating to housing, office, retail and factories on a
monthly basis between 1993 and 2019. The results of ARCH-LM test found that volatility
clustering was evident in four different land uses. The price volatility of housing was influenced
by the foreign exchange rate, especially the exchange rate with the USD, where all land uses were
influenced by unemployment level. Furthermore, all land uses displayed limited inflationhedging
over the short term. The findings from the EGARCH model confirmed there were no asymmetric
effects in the real estate market.
The third paper conducted a bibliometric analysis of property valuation studies published
between 1964 and 2019. A comprehensive search was undertaken in the Scopus database, then
followed by detailed screening resulting in the identification of 1,293 articles. The data was
analysed via bibliometrix software. The findings confirmedtheUSAasthemostproductive
country for various metrics, such as the number of publications, the number of authors and also
the publication hotspots. Also, there was an observed upsurge i n the number of publications since
2000 due to both improved data availability and modelling techniques. Spatial mapping of the
trends and analysis of bibliometric provided a geographical pers pective of property valuation
research. The fourth paper from Botswana examined factors that influenced the participation of
property developers in student housing provision. Man y tertiary institutions have not provided
sufficient accommodation to house an increasing student population where private pro perty
developers have resisted participating in student housing provision. Data for this study was
collected from both primary and secondary sources. The findings confirmed the factors affecting
property developer participation included low income derived from SH, limitations in a
multisectoral approach, poor site location, lack of partnerships between developers and
universities, high maintenance and renovation costs and lack of policies an d relevant legislation.
The factors strongly influencing property developers included financial factors, followed by
institutional factors, demographic factors, physical factors and then human considerations. A PPP
model aimed at enhancing developers’participation was developedin the study.
The fifth paper analysesthe effect of student loans on first-time home buyers in the USA,
in particular whether student loan debtaffects first-time home purchases. The methodology
Editorial
1
InternationalJournal of Housing
Marketsand Analysis
Vol.15 No. 1, 2022
pp. 1-3
© Emerald Publishing Limited
1753-8270
DOI 10.1108/IJHMA-02-2022-154
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